CIK 1481669
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Metals & Mining | 13.32% | 5 |
| Specialty Retail | 12.89% | 3 |
| Commercial Services & Supplies | 12.41% | 2 |
| Hotels, Restaurants & Leisure | 11.48% | 1 |
| Technology Hardware & Equipment | 10.78% | 2 |
| Life Sciences Tools & Services | 6.18% | 1 |
| Leisure Products | 5.72% | 1 |
| Real Estate Management & Development | 4.74% | 2 |
| Road & Rail | 4.22% | 1 |
| Semiconductors & Semiconductor Equipment | 4.02% | 2 |
| Utilities | 4.00% | 1 |
| Health Care Providers & Services | 3.53% | 1 |
| Pharmaceuticals & Biotechnology | 2.05% | 1 |
| Distributors | 1.77% | 2 |
| Machinery | 1.62% | 3 |
| Textiles, Apparel & Luxury Goods | 0.43% | 1 |
| Diversified Telecommunication Services | 0.35% | 2 |
| Software & IT Services | 0.29% | 1 |
| Unclassified | 0.08% | 1 |
| Insurance | 0.06% | 1 |
| Chemicals | 0.03% | 1 |
| Oil, Gas & Consumable Fuels | 0.02% | 1 |
| Banks | 0.00% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | QSR | Restaurant Brands International Inc. | Consumer Discretionary | 11.48% |
| 2 | TMO | THERMO FISHER SCIENTIFIC INC. | Information Technology | 7.56% |
| 3 | DLTR | DOLLAR TREE, INC. | Consumer Discretionary | 7.29% |
| 4 | FNV | FRANCO NEVADA CORP | Materials | 6.87% |
| 5 | RBA | RB GLOBAL INC. | Industrials | 6.78% |
| 6 | RVTY | REVVITY, INC. | Health Care | 6.18% |
| 7 | OR | OR Royalties Inc. | Materials | 5.94% |
| 8 | MAT | MATTEL INC /DE/ | Consumer Discretionary | 5.72% |
| 9 | SPGI | S&P Global Inc. | Industrials | 5.63% |
| 10 | JLL | JONES LANG LASALLE INC | Real Estate | 4.65% |
36/37 names classified · sector 99.9% of weight · industry 99.9% · mkt cap 92.5%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 82.1% of book weight (23/37 names) · unclassified 17.9%: FNV, OR, TWST, ATS, HBM, GIL, TCX, BN, TLNCU, XPL +4 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | QSRRESTAURANT BRANDS INTL INC | 19,348,137 | $1.4B | 11.5% | ADD 16% |
| 2 | TMOTHERMO FISHER SCIENTIFIC INC | 1,918,997 | $943M | 7.6% | ADD 39% |
| 3 | DLTRDOLLAR TREE INC | 8,306,467 | $910M | 7.3% | TRIM −4% |
| 4 | FNVFRANCO NEV CORP | 3,461,224 | $857M | 6.9% | ADD 3% |
| 5 | RBARB GLOBAL INC | 8,812,865 | $845M | 6.8% | ADD 14% |
| 6 | RVTYREVVITY INC | 8,800,863 | $771M | 6.2% | ADD 3% |
| 7 | OROR ROYALTIES INC. | 19,460,644 | $741M | 5.9% | TRIM −10% |
| 8 | MATMATTEL INC | 49,140,882 | $714M | 5.7% | ADD 4% |
| 9 | SPGIS&P GLOBAL INC | 1,652,585 | $703M | 5.6% | NEW |
| 10 | JLLJONES LANG LASALLE INC | 1,905,011 | $580M | 4.6% | TRIM −10% |
| 11 | UNPUNION PAC CORP | 2,168,586 | $526M | 4.2% | TRIM −18% |
| 12 | AQNALGONQUIN PWR UTILS CORP | 81,472,394 | $499M | 4.0% | HOLD |
| 13 | DGXQUEST DIAGNOSTICS INC | 2,243,869 | $440M | 3.5% | ADD 35% |
| 14 | ROSTROSS STORES INC | 1,932,581 | $419M | 3.4% | TRIM −56% |
| 15 | AMEAMETEK INC | 1,874,241 | $402M | 3.2% | TRIM −36% |
| 16 | AMATAPPLIED MATLS INC | 977,762 | $334M | 2.7% | TRIM −57% |
| 17 | AMZNAMAZON COM INC | 1,345,120 | $280M | 2.2% | NEW |
| 18 | TWSTTWIST BIOSCIENCE CORP | 5,382,521 | $256M | 2.1% | HOLD |
| 19 | ATSATS CORPORATION | 7,168,112 | $202M | 1.6% | ADD 4% |
| 20 | RMBSRAMBUS INC DEL | 1,947,742 | $168M | 1.3% | ADD 38% |
| 21 | LKQLKQ CORP | 4,470,924 | $131M | 1.1% | TRIM −21% |
| 22 | TELTE CONNECTIVITY PLC | 428,541 | $90M | 0.7% | HOLD |
| 23 | HBMHUDBAY MINERALS INC | 2,747,198 | $58M | 0.5% | TRIM −14% |
| 24 | GILGILDAN ACTIVEWEAR INC | 962,314 | $54M | 0.4% | HOLD |
| 25 | CCOICOGENT COMMUNICATIONS HLDGS | 2,283,378 | $43M | 0.3% | HOLD |
| 26 | TCXTUCOWS INC | 2,118,575 | $36M | 0.3% | HOLD |
| 27 | BNBROOKFIELD CORP | 277,038 | $11M | 0.1% | HOLD |
| 28 | TLNCUTALON CAP CORP | 1,000,000 | $10M | 0.1% | HOLD |
| 29 | BROBROWN & BROWN INC | 113,500 | $7M | 0.1% | NEW |
| 30 | XPLSOLITARIO RESOURCES CORP | 7,272,727 | $6M | 0.0% | HOLD |
| 31 | IFFINTERNATIONAL FLAVORS&FRAGRA | 54,295 | $4M | 0.0% | HOLD |
| 32 | NESRNATIONAL ENERGY SERVICES REU | 89,999 | $2M | 0.0% | HOLD |
| 33 | ECHOECHOSTAR CORP | 4,210 | $492,865 | 0.0% | HOLD |
| 34 | NUNU HLDGS LTD | 24,524 | $352,410 | 0.0% | ADD 44% |
| 35 | LECOLINCOLN ELEC HLDGS INC | 1,075 | $267,761 | 0.0% | TRIM −27% |
| 36 | PHPARKER-HANNIFIN CORP | 228 | $204,115 | 0.0% | TRIM −32% |
| 37 | LZMLIFEZONE METALS LIMITED | 37,659 | $126,534 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| QSRRESTAURANT BRANDS INTL INC | 12.8M | 13.7M | 12.9M | 14.9M | 16.6M | 19.3M | $1.4B |
| TMOTHERMO FISHER SCIENTIFIC INC | — | 346K | 1.3M | 1.4M | 1.4M | 1.9M | $943M |
| DLTRDOLLAR TREE INC | 7.9M | 9.6M | 10.8M | 11.1M | 8.7M | 8.3M | $910M |
| FNVFRANCO NEV CORP | 5.0M | 3.7M | 3.6M | 3.5M | 3.4M | 3.5M | $857M |
| RBARB GLOBAL INC | 8.2M | 7.6M | 6.9M | 6.9M | 7.7M | 8.8M | $845M |
| RVTYREVVITY INC | 4.1M | 5.4M | 6.8M | 8.6M | 8.5M | 8.8M | $771M |
| OROR ROYALTIES INC. | — | — | 23.6M | 23.6M | 21.5M | 19.5M | $741M |
| MATMATTEL INC | 46.2M | 36.2M | 40.8M | 44.7M | 47.3M | 49.1M | $714M |
| SPGIS&P GLOBAL INC | — | — | — | — | — | 1.7M | $703M |
| JLLJONES LANG LASALLE INC | 1.6M | 1.8M | 2.2M | 2.1M | 2.1M | 1.9M | $580M |
| UNPUNION PAC CORP | — | — | — | 1.7M | 2.6M | 2.2M | $526M |
| AQNALGONQUIN PWR UTILS CORP | 22.8M | 42.2M | 56.8M | 61.7M | 81.7M | 81.5M | $499M |
| DGXQUEST DIAGNOSTICS INC | — | — | 1K | 850K | 1.7M | 2.2M | $440M |
| ROSTROSS STORES INC | 2.5M | 4.1M | 4.4M | 4.4M | 4.4M | 1.9M | $419M |
| AMEAMETEK INC | 2.3M | 2.4M | 2.9M | 2.9M | 2.9M | 1.9M | $402M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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