CIK 1535472
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 |
|---|---|---|
| Life Sciences Tools & Services | 18.77% | 2 |
| Utilities | 14.92% | 1 |
| Hotels, Restaurants & Leisure | 12.51% | 2 |
| Entertainment | 12.06% | 3 |
| Health Care Providers & Services | 9.98% | 2 |
| Specialty Retail | 7.31% | 1 |
| Distributors | 6.19% | 1 |
| Software & IT Services | 5.39% | 2 |
| Road & Rail | 4.67% | 1 |
| Construction Materials | 3.91% | 1 |
| Software | 2.05% | 2 |
| Commercial Services & Supplies | 1.37% | 1 |
| Media & Entertainment | 0.62% | 1 |
| Semiconductors & Semiconductor Equipment | 0.11% | 1 |
| Unclassified | 0.05% | 2 |
| Machinery | 0.05% | 1 |
| Automobiles & Components | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ILMN | ILLUMINA, INC. | Health Care | 18.77% |
| 2 | SWX | Southwest Gas Holdings, Inc. | Utilities | 14.92% |
| 3 | DIS | Walt Disney Co | Communication Services | 8.28% |
| 4 | WGS | GeneDx Holdings Corp. | Health Care | 8.24% |
| 5 | MGM | MGM Resorts International | Consumer Discretionary | 7.87% |
| 6 | AMZN | AMAZON COM INC | Consumer Discretionary | 7.31% |
| 7 | VSTS | Vestis Corp | Consumer Discretionary | 6.19% |
| 8 | PPLI | People Inc | Information Technology | 5.34% |
| 9 | UNP | UNION PACIFIC CORP | Industrials | 4.67% |
| 10 | QSR | Restaurant Brands International Inc. | Consumer Discretionary | 4.64% |
23/25 names classified · sector 99.9% of weight · industry 99.9% · mkt cap 96.0%; 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: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 76.3% of book weight (14/25 names) · unclassified 23.7%: WGS, PPLI, CX, LLYVA, FTRE, LION, LLYVK, IWM, AMBP, FLYX.WS +1 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 | ILMNILLUMINA INC | 3,829,608 | $472M | 18.8% | HOLD |
| 2 | SWXSOUTHWEST GAS HLDGS INC | 4,318,161 | $375M | 14.9% | TRIM −14% |
| 3 | DISDISNEY WALT CO | 2,160,581 | $208M | 8.3% | ADD 11% |
| 4 | WGSGENEDX HOLDINGS CORP | 3,228,149 | $207M | 8.2% | ADD 6% |
| 5 | MGMMGM RESORTS INTERNATIONAL | 5,347,978 | $198M | 7.9% | HOLD |
| 6 | AMZNAMAZON COM INC | 882,732 | $184M | 7.3% | TRIM −10% |
| 7 | VSTSVESTIS CORPORATION | 19,813,963 | $156M | 6.2% | HOLD |
| 8 | PPLIIAC INC | 3,355,075 | $134M | 5.3% | HOLD |
| 9 | UNPUNION PAC CORP | 484,330 | $118M | 4.7% | TRIM −29% |
| 10 | QSRRESTAURANT BRANDS INTL INC | 1,578,254 | $117M | 4.6% | TRIM −34% |
| 11 | CXCEMEX SAB DE CV | 8,600,275 | $98M | 3.9% | HOLD |
| 12 | LLYVALIBERTY LIVE HOLDINGS INC | 1,005,434 | $92M | 3.7% | HOLD |
| 13 | MSFTMICROSOFT CORP | 131,661 | $49M | 1.9% | TRIM −24% |
| 14 | FTREFORTREA HLDGS INC | 4,644,193 | $44M | 1.7% | ADD 3% |
| 15 | CSGPCOSTAR GROUP INC | 851,734 | $34M | 1.4% | NEW |
| 16 | LIONLIONSGATE STUDIOS CORP | 1,622,551 | $16M | 0.6% | NEW |
| 17 | LLYVKLIBERTY LIVE HOLDINGS INC | 32,322 | $3M | 0.1% | HOLD |
| 18 | NVDANVIDIA CORPORATION | 16,250 | $3M | 0.1% | HOLD |
| 19 | CRMSALESFORCE INC | 14,500 | $3M | 0.1% | HOLD |
| 20 | METAMETA PLATFORMS INC | 2,400 | $1M | 0.1% | HOLD |
| 21 | IWMISHARES TR | 5,000 | $1M | 0.0% | NEW |
| 22 | AMBPARDAGH METAL PACKAGING S A | 280,854 | $1M | 0.0% | TRIM −30% |
| 23 | TSLATESLA INC | 2,850 | $1M | 0.0% | HOLD |
| 24 | FLYX.WSFLYEXCLUSIVE INC | 200,827 | $48,198 | 0.0% | HOLD |
| 25 | LABSTANDARD BIOTOOLS INC | 44,340 | $40,762 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ILMNILLUMINA INC | 1.7M | 3.8M | 3.8M | 3.8M | 3.8M | 3.8M | $472M |
| SWXSOUTHWEST GAS HLDGS INC | 4.8M | 4.8M | 5.0M | 5.0M | 5.0M | 4.3M | $375M |
| DISDISNEY WALT CO | — | — | — | 1.3M | 1.9M | 2.2M | $208M |
| WGSGENEDX HOLDINGS CORP | 2.5M | 2.5M | 3.1M | 3.1M | 3.1M | 3.2M | $207M |
| MGMMGM RESORTS INTERNATIONAL | 5.7M | 5.7M | 5.6M | 5.4M | 5.4M | 5.3M | $198M |
| AMZNAMAZON COM INC | 565K | 565K | 675K | 978K | 983K | 883K | $184M |
| VSTSVESTIS CORPORATION | 17.0M | 17.0M | 18.8M | 18.8M | 19.8M | 19.8M | $156M |
| PPLIIAC INC | 2.4M | 2.4M | 2.0M | 2.8M | 3.4M | 3.4M | $134M |
| UNPUNION PAC CORP | — | — | — | 678K | 686K | 484K | $118M |
| QSRRESTAURANT BRANDS INTL INC | — | — | 873K | 2.4M | 2.4M | 1.6M | $117M |
| CXCEMEX SAB DE CV | — | — | — | 8.6M | 8.6M | 8.6M | $98M |
| LLYVALIBERTY LIVE HOLDINGS INC | — | — | — | — | 1.0M | 1.0M | $92M |
| MSFTMICROSOFT CORP | 174K | 174K | 174K | 174K | 174K | 132K | $49M |
| FTREFORTREA HLDGS INC | 3.5M | 4.5M | 4.5M | 4.5M | 4.5M | 4.6M | $44M |
| CSGPCOSTAR GROUP INC | — | — | — | — | — | 852K | $34M |
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.
