CIK 1510940
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 |
|---|---|---|
| Machinery | 26.66% | 4 |
| Chemicals | 16.50% | 3 |
| Distributors | 15.57% | 3 |
| Construction Materials | 8.87% | 2 |
| Construction & Engineering | 8.07% | 2 |
| Electrical Equipment & Components | 5.72% | 1 |
| Technology Hardware & Equipment | 5.53% | 1 |
| Household Durables | 3.84% | 1 |
| Semiconductors & Semiconductor Equipment | 3.48% | 1 |
| Unclassified | 3.35% | 1 |
| Communications Equipment | 2.43% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MTRN | MATERION Corp | Industrials | 8.57% |
| 2 | WMS | ADVANCED DRAINAGE SYSTEMS, INC. | Materials | 6.68% |
| 3 | ATS | ATS Corp /ATS | Industrials | 6.50% |
| 4 | ROG | ROGERS CORP | Materials | 6.36% |
| 5 | HLIO | HELIOS TECHNOLOGIES, INC. | Industrials | 6.30% |
| 6 | LFUS | LITTELFUSE INC /DE | Information Technology | 5.72% |
| 7 | CNM | Core & Main, Inc. | Consumer Discretionary | 5.55% |
| 8 | NOVT | NOVANTA INC | Information Technology | 5.53% |
| 9 | SITE | SiteOne Landscape Supply, Inc. | Consumer Discretionary | 5.48% |
| 10 | ASTE | ASTEC INDUSTRIES INC | Industrials | 5.29% |
19/20 names classified · sector 96.7% of weight · industry 96.7% · mkt cap 92.3%; 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: 96.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 72.1% of book weight (14/20 names) · unclassified 27.9%: ATS, ROG, JHX, CDNL, MTASF, CLFD. 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 | MTRNMATERION CORP | 474,800 | $69M | 8.6% | HOLD |
| 2 | WMSADVANCED DRAIN SYS INC DEL | 390,000 | $53M | 6.7% | HOLD |
| 3 | ATSATS CORPORATION | 1,846,196 | $52M | 6.5% | HOLD |
| 4 | ROGROGERS CORP | 475,000 | $51M | 6.4% | ADD 9% |
| 5 | HLIOHELIOS TECHNOLOGIES INC | 780,378 | $50M | 6.3% | HOLD |
| 6 | LFUSLITTELFUSE INC | 135,000 | $46M | 5.7% | NEW |
| 7 | CNMCORE & MAIN INC | 900,000 | $44M | 5.5% | HOLD |
| 8 | NOVTNOVANTA INC | 375,000 | $44M | 5.5% | HOLD |
| 9 | SITESITEONE LANDSCAPE SUPPLY INC | 330,000 | $44M | 5.5% | HOLD |
| 10 | ASTEASTEC INDS INC | 786,500 | $42M | 5.3% | HOLD |
| 11 | JHXJAMES HARDIE INDS PLC | 2,100,000 | $40M | 5.0% | HOLD |
| 12 | DXPEDXP ENTERPRISES INC | 260,000 | $36M | 4.5% | ADD 8% |
| 13 | CDNLCARDINAL INFRASTRUCTURE GROU | 874,000 | $35M | 4.3% | ADD 3% |
| 14 | EXPEAGLE MATLS INC | 165,000 | $31M | 3.9% | HOLD |
| 15 | MBCMASTERBRAND INC | 3,700,000 | $31M | 3.8% | ADD 61% |
| 16 | GVAGRANITE CONSTR INC | 250,000 | $30M | 3.7% | TRIM −50% |
| 17 | CTSCTS CORP | 584,000 | $28M | 3.5% | NEW |
| 18 | SWIMLATHAM GROUP INC | 5,160,000 | $28M | 3.5% | NEW |
| 19 | MTASFAERO-SWX | 830,000 | $27M | 3.3% | ADD 436% |
| 20 | CLFDCLEARFIELD INC | 735,200 | $19M | 2.4% | ADD 18% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MTRNMATERION CORP | 495K | 459K | 525K | 525K | 475K | 475K | $69M |
| WMSADVANCED DRAIN SYS INC DEL | — | — | 345K | 390K | 390K | 390K | $53M |
| ATSATS CORPORATION | 2.1M | 2.0M | 1.8M | 1.8M | 1.8M | 1.8M | $52M |
| ROGROGERS CORP | 580K | 518K | — | — | 437K | 475K | $51M |
| HLIOHELIOS TECHNOLOGIES INC | — | — | — | 770K | 780K | 780K | $50M |
| LFUSLITTELFUSE INC | — | — | — | — | — | 135K | $46M |
| CNMCORE & MAIN INC | — | — | — | 900K | 900K | 900K | $44M |
| NOVTNOVANTA INC | — | — | — | — | 375K | 375K | $44M |
| SITESITEONE LANDSCAPE SUPPLY INC | — | 100K | 250K | 280K | 330K | 330K | $44M |
| ASTEASTEC INDS INC | — | — | — | 702K | 787K | 787K | $42M |
| JHXJAMES HARDIE INDS PLC | — | — | — | 2.1M | 2.1M | 2.1M | $40M |
| DXPEDXP ENTERPRISES INC | — | — | 76K | — | 240K | 260K | $36M |
| CDNLCARDINAL INFRASTRUCTURE GROU | — | — | — | — | 845K | 874K | $35M |
| EXPEAGLE MATLS INC | — | — | — | 90K | 165K | 165K | $31M |
| MBCMASTERBRAND INC | 1.5M | 1.3M | — | 2.3M | 2.3M | 3.7M | $31M |
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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