CIK 1510677
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 |
|---|---|---|
| Commercial Services & Supplies | 27.97% | 3 |
| Software | 12.44% | 1 |
| Specialty Retail | 12.23% | 1 |
| Road & Rail | 10.72% | 2 |
| Distributors | 10.63% | 1 |
| Media & Entertainment | 7.18% | 1 |
| Software & IT Services | 6.30% | 1 |
| Insurance | 5.92% | 1 |
| Technology Hardware & Equipment | 5.66% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.94% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | Information Technology | 12.44% |
| 2 | AMZN | AMAZON COM INC | Consumer Discretionary | 12.23% |
| 3 | ABNB | Airbnb, Inc. | Industrials | 11.32% |
| 4 | V | VISA INC. | Financials | 11.28% |
| 5 | QXO | QXO, Inc. | Consumer Discretionary | 10.63% |
| 6 | NFLX | NETFLIX INC | Communication Services | 7.18% |
| 7 | GOOGL | Alphabet Inc. | Communication Services | 6.30% |
| 8 | PGR | PROGRESSIVE CORP/OH/ | Financials | 5.92% |
| 9 | DHR | DANAHER CORP /DE/ | Information Technology | 5.66% |
| 10 | UNP | UNION PACIFIC CORP | Industrials | 5.43% |
13/13 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 83.4% of book weight (11/13 names) · unclassified 16.6%: ABNB, CP. 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 | MSFTMICROSOFT CORP | 675,000 | $250M | 12.4% | ADD 41% |
| 2 | AMZNAMAZON COM INC | 1,180,000 | $246M | 12.2% | HOLD |
| 3 | ABNBAIRBNB INC | 1,800,000 | $227M | 11.3% | ADD 20% |
| 4 | VVISA INC | 750,000 | $227M | 11.3% | ADD 50% |
| 5 | QXOQXO INC | 11,000,000 | $214M | 10.6% | ADD 10% |
| 6 | NFLXNETFLIX INC | 1,500,000 | $144M | 7.2% | ADD 100% |
| 7 | GOOGLALPHABET INC | 440,000 | $127M | 6.3% | TRIM −26% |
| 8 | PGRPROGRESSIVE CORP | 600,000 | $119M | 5.9% | ADD 117% |
| 9 | DHRDANAHER CORP DEL | 600,000 | $114M | 5.7% | HOLD |
| 10 | UNPUNION PAC CORP | 450,000 | $109M | 5.4% | TRIM −31% |
| 11 | MSCIMSCI INC | 200,000 | $108M | 5.4% | NEW |
| 12 | CPCANADIAN PACIFIC KANSAS CITY | 1,350,000 | $106M | 5.3% | TRIM −41% |
| 13 | HHHHOWARD HUGHES HOLDINGS INC | 300,000 | $19M | 0.9% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MSFTMICROSOFT CORP | 375K | 600K | 600K | 425K | 480K | 675K | $250M |
| AMZNAMAZON COM INC | — | — | — | 800K | 1.2M | 1.2M | $246M |
| ABNBAIRBNB INC | — | 1.3M | 1.5M | 1.5M | 1.5M | 1.8M | $227M |
| VVISA INC | 625K | 425K | — | — | 500K | 750K | $227M |
| QXOQXO INC | 4.0M | 4.0M | 7.5M | 7.5M | 10.0M | 11.0M | $214M |
| NFLXNETFLIX INC | — | — | — | — | 750K | 1.5M | $144M |
| GOOGLALPHABET INC | 1.0M | 800K | 1.1M | 800K | 595K | 440K | $127M |
| PGRPROGRESSIVE CORP | — | — | — | — | 276K | 600K | $119M |
| DHRDANAHER CORP DEL | 600K | 883K | 1.1M | 1.1M | 600K | 600K | $114M |
| UNPUNION PAC CORP | — | — | — | 650K | 650K | 450K | $109M |
| MSCIMSCI INC | — | — | — | — | — | 200K | $108M |
| CPCANADIAN PACIFIC KANSAS CITY | 2.5M | 3.0M | 3.0M | 2.8M | 2.3M | 1.4M | $106M |
| HHHHOWARD HUGHES HOLDINGS INC | — | — | 300K | 300K | 300K | 300K | $19M |
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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