CIK 1504492
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 |
|---|---|---|
| Unclassified | 39.59% | 7 |
| Metals & Mining | 12.77% | 2 |
| Insurance | 10.68% | 2 |
| Chemicals | 6.69% | 2 |
| Utilities | 5.04% | 1 |
| Diversified Telecommunication Services | 4.60% | 1 |
| Oil, Gas & Consumable Fuels | 4.15% | 1 |
| Health Care Equipment & Supplies | 4.14% | 1 |
| Aerospace & Defense | 3.56% | 1 |
| Machinery | 2.62% | 1 |
| Electrical Equipment & Components | 2.54% | 1 |
| Distributors | 1.84% | 1 |
| Semiconductors & Semiconductor Equipment | 1.77% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GBIL | GOLDMAN SACHS ETF TR | Unclassified | 25.95% |
| 2 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 10.60% |
| 3 | FNV | FRANCO NEVADA CORP | Materials | 8.29% |
| 4 | L | LOEWS CORP | Financials | 7.58% |
| 5 | UL | Unilever PLC | Materials | 5.06% |
| 6 | OKE | ONEOK INC /NEW/ | Utilities | 5.04% |
| 7 | VZ | VERIZON COMMUNICATIONS INC | Communication Services | 4.60% |
| 8 | AEM | AGNICO EAGLE MINES LTD | Materials | 4.48% |
| 9 | EOG | EOG RESOURCES INC | Energy | 4.15% |
| 10 | MDT | Medtronic plc | Health Care | 4.14% |
16/22 names classified · sector 71.0% of weight · industry 60.4% · mkt cap 53.2%; 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: 71.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 43% of book weight classified — the grid is NOT representative of the whole book.
Classified: 42.6% of book weight (12/22 names) · unclassified 57.4%: GBIL, BRK.B, FNV, UL, AEM, ABEQ, SHY, PHYS, CEF, PEO. 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 | GBILGOLDMAN SACHS ETF TR | 1,653,867 | $166M | 26.0% | ADD 269% |
| 2 | BRK.BBERKSHIRE HATHAWAY INC DEL | 141,193 | $68M | 10.6% | HOLD |
| 3 | FNVFRANCO NEV CORP | 214,209 | $53M | 8.3% | HOLD |
| 4 | LLOEWS CORP | 453,634 | $48M | 7.6% | HOLD |
| 5 | ULUNILEVER PLC | 567,404 | $32M | 5.1% | HOLD |
| 6 | OKEONEOK INC NEW | 355,988 | $32M | 5.0% | ADD 2% |
| 7 | VZVERIZON COMMUNICATIONS INC | 585,211 | $29M | 4.6% | ADD 24% |
| 8 | AEMAGNICO EAGLE MINES LTD | 141,001 | $29M | 4.5% | TRIM −41% |
| 9 | EOGEOG RES INC | 183,452 | $27M | 4.2% | ADD 15% |
| 10 | MDTMEDTRONIC PLC | 305,017 | $26M | 4.1% | HOLD |
| 11 | HONHONEYWELL INTL INC | 100,505 | $23M | 3.6% | ADD 4% |
| 12 | TRVTRAVELERS COMPANIES INC | 67,857 | $20M | 3.1% | TRIM −24% |
| 13 | IEXIDEX CORP | 88,124 | $17M | 2.6% | ADD 53% |
| 14 | EMREMERSON ELEC CO | 123,879 | $16M | 2.5% | HOLD |
| 15 | SYYSYSCO CORP | 164,437 | $12M | 1.8% | TRIM −4% |
| 16 | ABEQUNIFIED SER TR | 307,065 | $12M | 1.8% | TRIM −10% |
| 17 | HUBBHUBBELL INC | 22,969 | $11M | 1.8% | HOLD |
| 18 | APDAIR PRODS & CHEMS INC | 35,825 | $10M | 1.6% | ADD 5% |
| 19 | SHYISHARES TR | 29,033 | $2M | 0.4% | ADD 85% |
| 20 | PHYSSprott Physical Gold Trust | 64,905 | $2M | 0.4% | TRIM −25% |
| 21 | CEFSPROTT ASSET MANAGEMENT LP | 42,891 | $2M | 0.3% | TRIM −43% |
| 22 | PEOADAM NAT RES FD INC | 38,690 | $1M | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GBILGOLDMAN SACHS ETF TR | 518K | 520K | 496K | 424K | 448K | 1.7M | $166M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 148K | 145K | 145K | 143K | 142K | 141K | $68M |
| FNVFRANCO NEV CORP | 170K | 220K | 221K | 217K | 215K | 214K | $53M |
| LLOEWS CORP | 475K | 469K | 470K | 460K | 456K | 454K | $48M |
| ULUNILEVER PLC | — | — | — | — | 566K | 567K | $32M |
| OKEONEOK INC NEW | — | — | 3K | 355K | 348K | 356K | $32M |
| VZVERIZON COMMUNICATIONS INC | 136K | — | — | — | 471K | 585K | $29M |
| AEMAGNICO EAGLE MINES LTD | 543K | 252K | 249K | 244K | 241K | 141K | $29M |
| EOGEOG RES INC | 162K | 161K | 163K | 161K | 160K | 183K | $27M |
| MDTMEDTRONIC PLC | 312K | 313K | 315K | 308K | 305K | 305K | $26M |
| HONHONEYWELL INTL INC | 30K | 74K | 75K | 74K | 97K | 101K | $23M |
| TRVTRAVELERS COMPANIES INC | 92K | 92K | 92K | 90K | 89K | 68K | $20M |
| IEXIDEX CORP | — | — | — | 58K | 57K | 88K | $17M |
| EMREMERSON ELEC CO | — | 3K | 127K | 125K | 124K | 124K | $16M |
| SYYSYSCO CORP | 6K | — | 174K | 172K | 172K | 164K | $12M |
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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