CIK 1544825
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-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 | 41.38% | 10 |
| Banks | 39.18% | 12 |
| Insurance | 15.35% | 4 |
| Software | 2.19% | 1 |
| Commercial Services & Supplies | 1.91% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PHH CORP | Unclassified | 10.15% | |
| 2 | LSAK | LESAKA TECHNOLOGIES INC | Financials | 8.95% |
| 3 | ATHENE HLDG LTD | Unclassified | 7.32% | |
| 4 | NMIH | NMI Holdings, Inc. | Financials | 5.24% |
| 5 | MTG | MGIC INVESTMENT CORP | Financials | 5.15% |
| 6 | CIT GROUP INC | Unclassified | 5.09% | |
| 7 | NTB | Bank of N.T. Butterfield & Son Ltd | Financials | 5.06% |
| 8 | IBN | ICICI BANK LIMITED | Unclassified | 4.81% |
| 9 | WAL | WESTERN ALLIANCE BANCORPORATION | Financials | 4.03% |
| 10 | FLY LEASING LTD | Unclassified | 3.30% |
18/28 names classified · sector 58.6% of weight · industry 58.6% · mkt cap 45.6%; 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: 58.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 37% of book weight classified — the grid is NOT representative of the whole book.
Classified: 36.6% of book weight (13/20 names) · unclassified 63.4%: , LSAK, NTB, IBN, UBS, MUFG, SMFG. 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 | PHH CORP | 351,714 | $4M | 10.2% | TRIM −13% |
| 2 | LSAKLESAKA TECHNOLOGIES INC | 322,717 | $4M | 9.0% | TRIM −34% |
| 3 | ATHENE HLDG LTD | 64,600 | $3M | 7.3% | ADD 110% |
| 4 | NMIHNMI HLDGS INC | 202,660 | $2M | 5.2% | ADD 14% |
| 5 | MTGMGIC INVT CORP WIS | 224,201 | $2M | 5.1% | ADD 178% |
| 6 | CIT GROUP INC | 52,284 | $2M | 5.1% | ADD 6% |
| 7 | NTBBANK OF NT BUTTERFIELD&SON L | 69,939 | $2M | 5.1% | NEW |
| 8 | IBNICICI BANK LIMITED | 246,839 | $2M | 4.8% | TRIM −12% |
| 9 | WALWESTERN ALLIANCE BANCORP | 36,200 | $2M | 4.0% | NEW |
| 10 | FLY LEASING LTD | 110,921 | $1M | 3.3% | TRIM −73% |
| 11 | FIDELITY & GTY LIFE COM | 49,200 | $1M | 3.1% | NEW |
| 12 | CCITIGROUP INC | 22,700 | $1M | 3.1% | NEW |
| 13 | UBSUBS GROUP AG | 85,100 | $1M | 3.1% | ADD 6% |
| 14 | CREDIT SUISSE GROUP | 89,200 | $1M | 3.0% | NEW |
| 15 | METMETLIFE INC | 21,700 | $1M | 2.6% | ADD 42% |
| 16 | SLMSLM CORP | 94,010 | $1M | 2.6% | TRIM −9% |
| 17 | MUFGMITSUBISHI UFJ FINANCIAL GRO | 172,900 | $1M | 2.5% | NEW |
| 18 | SMFGSUMITOMO MITSUI FINL GROUP I | 147,800 | $1M | 2.4% | TRIM −26% |
| 19 | ESNTESSENT GROUP LTD | 28,800 | $1M | 2.4% | NEW |
| 20 | HBANHUNTINGTON BANCSHARES INC | 72,300 | $968,000 | 2.2% | TRIM −50% |
| 21 | XYZBLOCK INC | 55,800 | $964,000 | 2.2% | TRIM −16% |
| 22 | MAMASTERCARD INCORPORATED | 7,500 | $844,000 | 1.9% | TRIM −7% |
| 23 | SANTANDER CONSUMER USA HOLDINGS | 59,300 | $790,000 | 1.8% | NEW |
| 24 | COFCAPITAL ONE FINL CORP | 9,100 | $789,000 | 1.8% | ADD 6% |
| 25 | SYFSYNCHRONY FINANCIAL | 22,800 | $782,000 | 1.8% | NEW |
| 26 | AIR LEASE CORP | 19,700 | $763,000 | 1.7% | TRIM −16% |
| 27 | CFGCITIZENS FINL GROUP INC | 22,000 | $760,000 | 1.7% | NEW |
| 28 | TRITON INTL LTD | 18,300 | $472,000 | 1.1% | TRIM −38% |
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