CIK 1534259
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 |
|---|---|---|
| Capital Markets | 19.74% | 10 |
| Utilities | 19.54% | 8 |
| Diversified Consumer Services | 13.26% | 1 |
| Road & Rail | 11.95% | 5 |
| Equity Real Estate Investment Trusts (REITs) | 9.11% | 3 |
| Commercial Services & Supplies | 7.03% | 3 |
| Software & IT Services | 4.79% | 1 |
| Real Estate Management & Development | 4.16% | 1 |
| Banks | 3.57% | 1 |
| Construction & Engineering | 1.92% | 1 |
| Oil, Gas & Consumable Fuels | 1.91% | 2 |
| Hotels, Restaurants & Leisure | 0.81% | 4 |
| Entertainment | 0.73% | 2 |
| Transportation Infrastructure | 0.45% | 1 |
| Pharmaceuticals & Biotechnology | 0.31% | 1 |
| Airlines | 0.21% | 2 |
| Semiconductors & Semiconductor Equipment | 0.17% | 1 |
| Metals & Mining | 0.13% | 1 |
| Household Durables | 0.13% | 1 |
| Distributors | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | KLC | KinderCare Learning Companies, Inc. | Consumer Discretionary | 13.26% |
| 2 | APO | Apollo Global Management, Inc. | Financials | 5.08% |
| 3 | CLVT | CLARIVATE PLC | Information Technology | 4.79% |
| 4 | ARES | Ares Management Corp | Financials | 4.17% |
| 5 | BN | BROOKFIELD Corp /ON/ | Real Estate | 4.16% |
| 6 | AMT | AMERICAN TOWER CORP /MA/ | Real Estate | 4.15% |
| 7 | NU | NU HOLDINGS CLASS A | Financials | 3.57% |
| 8 | RSG | REPUBLIC SERVICES, INC. | Industrials | 3.53% |
| 9 | TRP | TC ENERGY CORP | Utilities | 3.48% |
| 10 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 3.42% |
50/50 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 79.0%; 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: 58.0% of book weight (31/50 names) · unclassified 42.0%: KLC, ARES, BN, NU, TRP, KKR, CP, FER, ENB, TPG +9 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 | KLCKINDERCARE LEARNING COMPANIE | 81,418,736 | $179M | 13.3% | HOLD |
| 2 | APOAPOLLO GLOBAL MGMT INC | 615,844 | $69M | 5.1% | ADD 8% |
| 3 | CLVTCLARIVATE PLC | 25,583,059 | $65M | 4.8% | NEW |
| 4 | ARESARES MANAGEMENT CORPORATION | 516,253 | $56M | 4.2% | ADD 18% |
| 5 | BNBROOKFIELD CORP | 1,388,548 | $56M | 4.2% | ADD 5% |
| 6 | AMTAMERICAN TOWER CORP | 324,869 | $56M | 4.1% | ADD 4% |
| 7 | NUNU HLDGS LTD | 3,357,586 | $48M | 3.6% | ADD 2212% |
| 8 | RSGREPUBLIC SVCS INC | 217,759 | $48M | 3.5% | ADD 3% |
| 9 | TRPTC ENERGY CORP | 387,770 | $47M | 3.5% | TRIM −10% |
| 10 | WMBWILLIAMS COS INC | 635,064 | $46M | 3.4% | TRIM −7% |
| 11 | ATOATMOS ENERGY CORP | 238,206 | $44M | 3.3% | HOLD |
| 12 | EQIXEQUINIX INC | 44,127 | $43M | 3.2% | HOLD |
| 13 | BXBLACKSTONE INC | 371,729 | $43M | 3.2% | ADD 11% |
| 14 | KKRKKR & CO INC | 450,070 | $42M | 3.1% | ADD 10% |
| 15 | UNPUNION PAC CORP | 167,318 | $41M | 3.0% | HOLD |
| 16 | WMWASTE MGMT INC DEL | 173,895 | $40M | 3.0% | HOLD |
| 17 | SRESEMPRA | 410,561 | $40M | 3.0% | HOLD |
| 18 | AWKAMERICAN WTR WKS CO INC NEW | 289,131 | $39M | 2.9% | TRIM −6% |
| 19 | CPCANADIAN PACIFIC KANSAS CITY | 253,054 | $39M | 2.9% | TRIM −4% |
| 20 | CMSCMS ENERGY CORP | 497,291 | $39M | 2.9% | HOLD |
| 21 | CSXCSX CORP | 892,369 | $37M | 2.7% | HOLD |
| 22 | ODFLOLD DOMINION FREIGHT LINE IN | 184,042 | $36M | 2.7% | TRIM −5% |
| 23 | FERFERROVIAL SE | 538,084 | $26M | 1.9% | HOLD |
| 24 | ENBENBRIDGE INC | 238,201 | $25M | 1.9% | TRIM −7% |
| 25 | SBACSBA COMMUNICATIONS CORP NEW | 138,373 | $24M | 1.8% | ADD 12% |
| 26 | TPGTPG INC | 504,384 | $20M | 1.5% | ADD 19% |
| 27 | OWLBLUE OWL CAPITAL INC | 2,175,998 | $20M | 1.5% | TRIM −21% |
| 28 | BAMBROOKFIELD ASSET MANAGMT LTD | 308,100 | $14M | 1.0% | ADD 33% |
| 29 | ARCBARCBEST CORP | 98,797 | $10M | 0.7% | TRIM −33% |
| 30 | KMIKINDER MORGAN INC DEL | 262,234 | $9M | 0.7% | TRIM −10% |
| 31 | LTHLIFE TIME GROUP HOLDINGS INC | 277,777 | $7M | 0.6% | HOLD |
| 32 | ADTADT INC DEL | 1,114,353 | $7M | 0.5% | HOLD |
| 33 | XPOXPO INC | 30,934 | $6M | 0.4% | TRIM −26% |
| 34 | RPRXROYALTY PHARMA PLC | 87,065 | $4M | 0.3% | ADD 75% |
| 35 | QSRRESTAURANT BRANDS INTL INC | 53,709 | $4M | 0.3% | ADD 118% |
| 36 | MARMARRIOTT INTL INC NEW | 9,801 | $3M | 0.2% | ADD 82% |
| 37 | WMGWARNER MUSIC GROUP CORP | 91,080 | $2M | 0.2% | ADD 98% |
| 38 | ARMARM HOLDINGS PLC | 14,900 | $2M | 0.2% | ADD 104% |
| 39 | MCDMCDONALDS CORP | 6,993 | $2M | 0.2% | ADD 101% |
| 40 | WPMWHEATON PRECIOUS METALS CORP | 13,913 | $2M | 0.1% | ADD 76% |
| 41 | SONYSONY GROUP CORP | 87,900 | $2M | 0.1% | ADD 144% |
| 42 | RGLDROYAL GOLD INC | 6,966 | $2M | 0.1% | ADD 66% |
| 43 | OMABGRUPO AEROPORTUARIO DEL CENT | 14,380 | $2M | 0.1% | HOLD |
| 44 | HLTHILTON WORLDWIDE HLDGS INC | 5,377 | $2M | 0.1% | ADD 92% |
| 45 | DPZDOMINOS PIZZA INC | 3,437 | $1M | 0.1% | ADD 134% |
| 46 | ASRGRUPO AEROPORTUARIO DEL SURE | 3,430 | $1M | 0.1% | NEW |
| 47 | DLBDOLBY LABORATORIES INC | 18,945 | $1M | 0.1% | ADD 108% |
| 48 | PBAPEMBINA PIPELINE CORP | 9,270 | $805,003 | 0.1% | HOLD |
| 49 | IDCCINTERDIGITAL INC | 1,599 | $482,898 | 0.0% | ADD 69% |
| 50 | OKEONEOK INC NEW | 2,470 | $223,263 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| KLCKINDERCARE LEARNING COMPANIE | 81.4M | 81.4M | 81.4M | 81.4M | 81.4M | 81.4M | $179M |
| APOAPOLLO GLOBAL MGMT INC | 559K | 601K | 629K | 660K | 573K | 616K | $69M |
| CLVTCLARIVATE PLC | 25.6M | — | — | — | — | 25.6M | $65M |
| ARESARES MANAGEMENT CORPORATION | 252K | 386K | 354K | 362K | 437K | 516K | $56M |
| BNBROOKFIELD CORP | 507K | 667K | 655K | 969K | 1.3M | 1.4M | $56M |
| AMTAMERICAN TOWER CORP | 379K | 374K | 331K | 313K | 313K | 325K | $56M |
| NUNU HLDGS LTD | 4.8M | 4.8M | 154K | 4.8M | 145K | 3.4M | $48M |
| RSGREPUBLIC SVCS INC | 279K | 249K | 211K | 195K | 211K | 218K | $48M |
| TRPTC ENERGY CORP | 608K | 748K | 518K | 424K | 432K | 388K | $47M |
| WMBWILLIAMS COS INC | 785K | 791K | 764K | 655K | 681K | 635K | $46M |
| ATOATMOS ENERGY CORP | 277K | 367K | 323K | 272K | 242K | 238K | $44M |
| EQIXEQUINIX INC | 47K | 52K | 46K | 45K | 44K | 44K | $43M |
| BXBLACKSTONE INC | 267K | 351K | 356K | 315K | 334K | 372K | $43M |
| KKRKKR & CO INC | 373K | 495K | 453K | 430K | 408K | 450K | $42M |
| UNPUNION PAC CORP | 261K | 250K | 214K | 187K | 168K | 167K | $41M |
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.
