CIK 1531809
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 | 23.89% | 40 |
| Pharmaceuticals & Biotechnology | 9.47% | 5 |
| Utilities | 9.30% | 6 |
| Diversified Telecommunication Services | 5.96% | 3 |
| Electrical Equipment & Components | 5.24% | 3 |
| Software | 5.04% | 4 |
| Metals & Mining | 4.51% | 3 |
| Technology Hardware & Equipment | 3.56% | 3 |
| Aerospace & Defense | 3.40% | 2 |
| Banks | 3.38% | 7 |
| Specialty Retail | 3.08% | 7 |
| Oil, Gas & Consumable Fuels | 2.97% | 2 |
| Chemicals | 2.85% | 3 |
| Semiconductors & Semiconductor Equipment | 2.71% | 5 |
| Beverages | 2.39% | 2 |
| Food & Staples Retailing | 1.74% | 1 |
| Road & Rail | 1.68% | 1 |
| Construction & Engineering | 1.60% | 1 |
| Software & IT Services | 1.33% | 4 |
| Insurance | 1.19% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.16% | 3 |
| Household Durables | 0.95% | 1 |
| Health Care Equipment & Supplies | 0.91% | 1 |
| Food Products | 0.87% | 1 |
| Machinery | 0.49% | 1 |
| Health Care Providers & Services | 0.17% | 2 |
| Automobiles & Components | 0.04% | 1 |
| Media & Entertainment | 0.03% | 1 |
| Hotels, Restaurants & Leisure | 0.03% | 1 |
| Commercial Services & Supplies | 0.02% | 1 |
| Tobacco | 0.02% | 1 |
| Capital Markets | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FEDERAL NATL MTG ASSN VAR PFD SER P | Unclassified | 5.71% | |
| 2 | GLW | CORNING INC /NY | Materials | 4.45% |
| 3 | FEDERAL NATL MTG ASSN PFD 8.25 SR T | Unclassified | 4.31% | |
| 4 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 4.12% |
| 5 | LUMN | Lumen Technologies, Inc. | Communication Services | 3.62% |
| 6 | CVX | CHEVRON CORP | Energy | 2.92% |
| 7 | DOW | DOW INC. | Materials | 2.51% |
| 8 | JNJ | JOHNSON & JOHNSON | Health Care | 2.49% |
| 9 | GILD | GILEAD SCIENCES, INC. | Health Care | 2.43% |
| 10 | MRK | Merck & Co., Inc. | Health Care | 2.42% |
79/118 names classified · sector 77.6% of weight · industry 76.1% · mkt cap 74.9%; 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: 77.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 73.0% of book weight (72/103 names) · unclassified 27.0%: , TSM, BRK.B, REMX, SONY, BIL, EWJ, RSP, SCHD, SOLS +21 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 | FEDERAL NATL MTG ASSN VAR PFD SER P | 8,141,499 | $77M | 5.7% | HOLD |
| 2 | GLWCORNING INC | 440,782 | $60M | 4.4% | TRIM −7% |
| 3 | FEDERAL NATL MTG ASSN PFD 8.25 SR T | 5,808,667 | $58M | 4.3% | HOLD |
| 4 | WMBWILLIAMS COS INC | 762,287 | $55M | 4.1% | HOLD |
| 5 | LUMNLUMEN TECHNOLOGIES INC | 7,010,163 | $49M | 3.6% | ADD 5% |
| 6 | CVXCHEVRON CORP NEW | 190,403 | $39M | 2.9% | HOLD |
| 7 | DOWDOW HLDGS INC | 810,412 | $34M | 2.5% | HOLD |
| 8 | JNJJOHNSON & JOHNSON | 137,072 | $34M | 2.5% | HOLD |
| 9 | GILDGILEAD SCIENCES INC | 235,217 | $33M | 2.4% | TRIM −4% |
| 10 | MRKMERCK & CO INC | 271,272 | $33M | 2.4% | TRIM −17% |
| 11 | GEVGE VERNOVA INC | 37,044 | $32M | 2.4% | TRIM −19% |
| 12 | TAT&T INC | 1,083,087 | $31M | 2.3% | ADD 94% |
| 13 | MSFTMICROSOFT CORP | 80,871 | $30M | 2.2% | TRIM −9% |
| 14 | RTXRTX CORPORATION | 153,709 | $30M | 2.2% | TRIM −4% |
| 15 | IBMINTERNATIONAL BUSINESS MACHS | 121,713 | $30M | 2.2% | HOLD |
| 16 | FEDERAL HOME LN MTG CORP 6.02 NON CM PFD | 2,989,859 | $28M | 2.1% | HOLD |
| 17 | GEGE AEROSPACE | 99,928 | $28M | 2.1% | HOLD |
| 18 | DUKDUKE ENERGY CORP NEW | 209,080 | $27M | 2.0% | HOLD |
| 19 | Fannie Mae | 2,191,526 | $26M | 1.9% | HOLD |
| 20 | BACBANK AMERICA CORP | 525,628 | $26M | 1.9% | TRIM −2% |
| 21 | NEENEXTERA ENERGY INC | 268,418 | $25M | 1.9% | HOLD |
| 22 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 70,623 | $24M | 1.8% | TRIM −33% |
| 23 | CVSCVS HEALTH CORP | 326,034 | $23M | 1.7% | HOLD |
| 24 | UPSUNITED PARCEL SERVICE INC | 230,181 | $23M | 1.7% | ADD 3% |
| 25 | FEDERAL HOME LN MTG CORP PFD 8.375 NCM | 1,948,465 | $22M | 1.6% | HOLD |
| 26 | DHID R HORTON INC | 156,642 | $21M | 1.6% | HOLD |
| 27 | AMZNAMAZON COM INC | 101,284 | $21M | 1.6% | ADD 13% |
| 28 | PLTRPALANTIR TECHNOLOGIES INC | 141,405 | $21M | 1.5% | TRIM −51% |
| 29 | AMGNAMGEN INC | 57,972 | $20M | 1.5% | ADD 53% |
| 30 | BRK.BBERKSHIRE HATHAWAY INC DEL | 42,147 | $20M | 1.5% | TRIM −47% |
| 31 | AAPLAPPLE INC | 71,916 | $18M | 1.4% | TRIM −4% |
| 32 | FBKFB FINL CORP | 343,690 | $18M | 1.3% | HOLD |
| 33 | PEPPEPSICO INC | 114,699 | $18M | 1.3% | HOLD |
| 34 | REMXVANECK ETF TRUST | 193,153 | $17M | 1.3% | HOLD |
| 35 | HONHONEYWELL INTL INC | 71,174 | $16M | 1.2% | ADD 3% |
| 36 | UNHUNITEDHEALTH GROUP INC | 59,002 | $16M | 1.2% | ADD 27% |
| 37 | GOOGLALPHABET INC | 54,026 | $16M | 1.2% | HOLD |
| 38 | CEGCONSTELLATION ENERGY CORP | 55,361 | $15M | 1.1% | HOLD |
| 39 | STWDSTARWOOD PPTY TR INC | 873,703 | $15M | 1.1% | NEW |
| 40 | KOCOCA COLA CO | 190,057 | $14M | 1.1% | HOLD |
| 41 | SONYSONY GROUP CORP | 618,738 | $13M | 1.0% | ADD 5% |
| 42 | SYKSTRYKER CORPORATION | 37,475 | $12M | 0.9% | ADD 4% |
| 43 | ORCLORACLE CORP | 81,009 | $12M | 0.9% | HOLD |
| 44 | HSYHERSHEY CO | 56,579 | $12M | 0.9% | HOLD |
| 45 | NVDANVIDIA CORPORATION | 64,785 | $11M | 0.8% | ADD 790% |
| 46 | GNRCGENERAC HLDGS INC | 50,448 | $10M | 0.7% | TRIM −3% |
| 47 | BILSPDR SERIES TRUST | 105,671 | $10M | 0.7% | TRIM −14% |
| 48 | COSTCOSTCO WHSL CORP NEW | 9,272 | $9M | 0.7% | TRIM −13% |
| 49 | HDHOME DEPOT INC | 27,796 | $9M | 0.7% | HOLD |
| 50 | FEDERAL NATL MTG ASSN PFD O VAR RATE | 436,902 | $8M | 0.6% | HOLD |
| 51 | LLYELI LILLY & CO | 8,915 | $8M | 0.6% | ADD 2240% |
| 52 | FEDERAL NATL MTG ASSN PFD CV 5.375 | 184 | $7M | 0.5% | HOLD |
| 53 | EWJISHARES INC | 80,792 | $7M | 0.5% | NEW |
| 54 | CARRCARRIER GLOBAL CORPORATION | 117,892 | $7M | 0.5% | ADD 7% |
| 55 | RSPINVESCO EXCHANGE TRADED FD T | 34,106 | $7M | 0.5% | TRIM −5% |
| 56 | SCHDSCHWAB STRATEGIC TR | 210,712 | $6M | 0.5% | TRIM −11% |
| 57 | DOCUDOCUSIGN INC | 113,664 | $5M | 0.4% | ADD 11% |
| 58 | SOLSSOLSTICE ADVANCED MATLS INC | 58,063 | $4M | 0.3% | HOLD |
| 59 | FEDERAL HOME LN MTG CORP PFD PERP VAR | 249,341 | $4M | 0.3% | HOLD |
| 60 | FEDERAL HOME LN MTG CORP PFD VAR RATE | 240,600 | $3M | 0.3% | HOLD |
| 61 | FEDERAL NATL MTG ASSN PFD F VAR RATE | 204,750 | $3M | 0.2% | HOLD |
| 62 | IVVISHARES TR | 4,211 | $3M | 0.2% | HOLD |
| 63 | CGGRCAPITAL GROUP GROWTH ETF | 59,063 | $2M | 0.2% | TRIM −2% |
| 64 | SPYSTATE STR SPDR S&P 500 ETF T | 3,344 | $2M | 0.2% | TRIM −3% |
| 65 | HCAHCA HEALTHCARE INC | 4,493 | $2M | 0.2% | HOLD |
| 66 | SOSOUTHERN CO | 16,741 | $2M | 0.1% | ADD 6% |
| 67 | BRK.ABERKSHIRE HATHAWAY INC DEL | 2 | $1M | 0.1% | HOLD |
| 68 | VOOVANGUARD INDEX FDS | 1,984 | $1M | 0.1% | TRIM −7% |
| 69 | WMTWALMART INC | 7,897 | $981,400 | 0.1% | TRIM −12% |
| 70 | VRSNVERISIGN INC | 3,891 | $966,369 | 0.1% | TRIM −6% |
| 71 | DUSADAVIS FUNDAMENTAL ETF TR | 18,856 | $956,753 | 0.1% | TRIM −29% |
| 72 | JPMJPMORGAN CHASE & CO | 2,973 | $874,538 | 0.1% | HOLD |
| 73 | METAMETA PLATFORMS INC | 1,382 | $790,684 | 0.1% | TRIM −3% |
| 74 | CGDVCAPITAL GROUP DIVIDEND VALUE | 18,137 | $771,548 | 0.1% | TRIM −5% |
| 75 | DVYISHARES TR | 4,895 | $741,152 | 0.1% | TRIM −4% |
| 76 | VOOGVANGUARD ADMIRAL FDS INC | 1,663 | $677,988 | 0.1% | HOLD |
| 77 | NGNOVAGOLD RES INC | 75,000 | $673,500 | 0.0% | HOLD |
| 78 | AVGOBROADCOM INC | 2,170 | $671,637 | 0.0% | TRIM −7% |
| 79 | IJHISHARES TR | 9,811 | $662,537 | 0.0% | TRIM −3% |
| 80 | XOMEXXON MOBIL CORP | 3,869 | $656,415 | 0.0% | TRIM −27% |
| 81 | COPXGLOBAL X FDS | 7,500 | $572,625 | 0.0% | HOLD |
| 82 | GOOGALPHABET INC | 1,945 | $557,943 | 0.0% | ADD 3% |
| 83 | TSLATESLA INC | 1,354 | $503,350 | 0.0% | TRIM −4% |
| 84 | ETENERGY TRANSFER L P | 24,720 | $477,096 | 0.0% | HOLD |
| 85 | LOWLOWES COS INC | 2,000 | $472,560 | 0.0% | HOLD |
| 86 | NFLXNETFLIX INC | 4,830 | $464,405 | 0.0% | TRIM −97% |
| 87 | QUALISHARES TR | 2,270 | $435,409 | 0.0% | HOLD |
| 88 | FITBFIFTH THIRD BANCORP | 9,108 | $423,158 | 0.0% | HOLD |
| 89 | MCDMCDONALDS CORP | 1,282 | $398,433 | 0.0% | TRIM −54% |
| 90 | Federal Natl Mtg Assn | 37,800 | $372,330 | 0.0% | HOLD |
| 91 | CGXUCapital Group International Focus - ETF | 12,612 | $371,940 | 0.0% | HOLD |
| 92 | DGDOLLAR GEN CORP | 3,128 | $371,387 | 0.0% | HOLD |
| 93 | VOOVVANGUARD ADMIRAL FDS INC | 1,789 | $364,580 | 0.0% | HOLD |
| 94 | MUMICRON TECHNOLOGY INC | 1,045 | $353,043 | 0.0% | TRIM −48% |
| 95 | AMATAPPLIED MATLS INC | 879 | $300,433 | 0.0% | TRIM −18% |
| 96 | EQIXEQUINIX INC | 300 | $294,072 | 0.0% | TRIM −99% |
| 97 | FEDERAL NATL MTG ASSN PFD L 5.125 | 17,500 | $293,125 | 0.0% | HOLD |
| 98 | FHNFIRST HORIZON CORPORATION | 12,806 | $291,465 | 0.0% | TRIM −32% |
| 99 | MOATVANECK ETF TRUST | 2,786 | $269,368 | 0.0% | HOLD |
| 100 | VVISA INC | 890 | $268,994 | 0.0% | TRIM −2% |
| 101 | CGUSCAPITAL GROUP CORE EQUITY ET | 6,832 | $262,485 | 0.0% | TRIM −9% |
| 102 | RFREGIONS FINANCIAL CORP NEW | 9,927 | $259,293 | 0.0% | TRIM −53% |
| 103 | CSCOCISCO SYS INC | 3,193 | $247,745 | 0.0% | ADD 2% |
| 104 | TSCOTRACTOR SUPPLY CO | 5,293 | $239,773 | 0.0% | TRIM −97% |
| 105 | PRFINVESCO EXCHANGE TRADED FD T | 5,000 | $237,650 | 0.0% | HOLD |
| 106 | MOALTRIA GROUP INC | 3,588 | $236,772 | 0.0% | HOLD |
| 107 | GSGOLDMAN SACHS GROUP INC | 269 | $227,571 | 0.0% | HOLD |
| 108 | PGPROCTER AND GAMBLE CO | 1,573 | $227,204 | 0.0% | HOLD |
| 109 | VZVERIZON COMMUNICATIONS INC | 4,512 | $226,502 | 0.0% | TRIM −99% |
| 110 | NHINATIONAL HEALTH INVS INC | 2,741 | $221,637 | 0.0% | HOLD |
| 111 | HBANHUNTINGTON BANCSHARES INC | 13,916 | $217,785 | 0.0% | NEW |
| 112 | EHCENCOMPASS HEALTH CORP | 2,184 | $211,258 | 0.0% | HOLD |
| 113 | VIGVANGUARD SPECIALIZED FUNDS | 963 | $207,103 | 0.0% | ADD 3% |
| 114 | FEDERAL NATL MTG ASSN PFD 5.10 E | 11,000 | $176,000 | 0.0% | HOLD |
| 115 | NXENEXGEN ENERGY LTD | 14,000 | $162,400 | 0.0% | HOLD |
| 116 | FEDERAL NATL MTG ASSN PFD G VAR RATE | 6,200 | $91,078 | 0.0% | HOLD |
| 117 | FEDERAL NATL MTG ASSN PFD6.75 SER Q | 5,000 | $48,000 | 0.0% | TRIM −50% |
| 118 | FEDERAL NATL MTG ASSN PFD M 4.75 | 2,500 | $36,925 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FEDERAL NATL MTG ASSN VAR PFD SER P | — | — | — | 7.3M | 8.1M | 8.1M | $77M |
| GLWCORNING INC | 449K | 466K | 476K | 473K | 476K | 441K | $60M |
| FEDERAL NATL MTG ASSN PFD 8.25 SR T | — | — | — | 6.0M | 5.8M | 5.8M | $58M |
| WMBWILLIAMS COS INC | 817K | 803K | 795K | 779K | 776K | 762K | $55M |
| LUMNLUMEN TECHNOLOGIES INC | 3.8M | 4.0M | 4.4M | 6.0M | 6.7M | 7.0M | $49M |
| CVXCHEVRON CORP NEW | 174K | 174K | 200K | 192K | 192K | 190K | $39M |
| DOWDOW HLDGS INC | 786K | 851K | 812K | 799K | 818K | 810K | $34M |
| JNJJOHNSON & JOHNSON | 137K | 146K | 139K | 139K | 140K | 137K | $34M |
| GILDGILEAD SCIENCES INC | 254K | 254K | 253K | 244K | 245K | 235K | $33M |
| MRKMERCK & CO INC | 215K | 230K | 326K | 326K | 328K | 271K | $33M |
| GEVGE VERNOVA INC | 62K | 48K | 48K | 46K | 46K | 37K | $32M |
| TAT&T INC | 15K | 15K | 16K | 518K | 557K | 1.1M | $31M |
| MSFTMICROSOFT CORP | 91K | 93K | 93K | 92K | 89K | 81K | $30M |
| RTXRTX CORPORATION | 266K | 258K | 171K | 167K | 160K | 154K | $30M |
| IBMINTERNATIONAL BUSINESS MACHS | 142K | 132K | 130K | 120K | 122K | 122K | $30M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
