CIK 1555254
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 |
|---|---|---|
| Metals & Mining | 15.71% | 4 |
| Commercial Services & Supplies | 15.53% | 2 |
| Unclassified | 14.17% | 4 |
| Semiconductors & Semiconductor Equipment | 13.33% | 1 |
| Aerospace & Defense | 12.10% | 1 |
| Banks | 12.09% | 1 |
| Software & IT Services | 7.11% | 2 |
| Oil, Gas & Consumable Fuels | 4.09% | 3 |
| Food Products | 3.23% | 1 |
| Machinery | 2.12% | 1 |
| Software | 0.55% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 13.33% |
| 2 | EMBJ | EMBRAER S.A. | Industrials | 12.10% |
| 3 | ITUB | Itau Unibanco Holding S.A. | Financials | 12.09% |
| 4 | EGO | ELDORADO GOLD CORP /FI | Materials | 11.86% |
| 5 | BABA | Alibaba Group Holding Ltd | Industrials | 11.81% |
| 6 | IBN | ICICI BANK LIMITED | Unclassified | 9.21% |
| 7 | GDS | Gds Holdings Ltd | Information Technology | 6.21% |
| 8 | CPA | COPA HOLDINGS SA | Unclassified | 4.15% |
| 9 | PDD | PDD Holdings Inc. | Industrials | 3.72% |
| 10 | JBS | Jbs N.V. | Consumer Staples | 3.23% |
17/21 names classified · sector 85.8% of weight · industry 85.8% · mkt cap 15.5%; 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: 85.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 4% of book weight classified — the grid is NOT representative of the whole book.
Classified: 3.7% of book weight (2/21 names) · unclassified 96.3%: TSM, EMBJ, ITUB, EGO, BABA, IBN, GDS, CPA, PDD, JBS +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 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 558,880 | $189M | 13.3% | TRIM −5% |
| 2 | EMBJEMBRAER S.A. | 2,888,680 | $171M | 12.1% | ADD 152% |
| 3 | ITUBITAU UNIBANCO HLDG S A | 20,443,133 | $171M | 12.1% | NEW |
| 4 | EGOELDORADO GOLD CORP NEW | 4,897,751 | $168M | 11.9% | ADD 22% |
| 5 | BABAALIBABA GROUP HLDG LTD | 1,334,070 | $167M | 11.8% | ADD 332% |
| 6 | IBNICICI BANK LIMITED | 5,039,743 | $131M | 9.2% | ADD 153% |
| 7 | GDSGDS HLDGS LTD | 2,184,662 | $88M | 6.2% | HOLD |
| 8 | CPACOPA HOLDINGS SA | 518,114 | $59M | 4.2% | ADD 315% |
| 9 | PDDPDD HOLDINGS INC | 515,274 | $53M | 3.7% | ADD 131% |
| 10 | JBSJBS N.V. | 2,546,345 | $46M | 3.2% | TRIM −30% |
| 11 | HSAIHESAI GROUP | 1,568,343 | $30M | 2.1% | NEW |
| 12 | SLBSCHLUMBERGER LTD | 556,816 | $29M | 2.0% | NEW |
| 13 | AUANGLOGOLD ASHANTI PLC | 252,966 | $25M | 1.7% | ADD 157% |
| 14 | HALHALLIBURTON CO | 597,721 | $23M | 1.6% | NEW |
| 15 | TSTENARIS S A | 337,428 | $20M | 1.4% | NEW |
| 16 | VNETVNET GROUP INC | 1,513,055 | $13M | 0.9% | NEW |
| 17 | MTARCELORMITTAL SA LUXEMBOURG | 196,677 | $10M | 0.7% | NEW |
| 18 | NTESNETEASE COM INC | 69,167 | $8M | 0.5% | NEW |
| 19 | VISTVISTA ENERGY S.A.B. DE C.V. | 79,692 | $6M | 0.4% | TRIM −90% |
| 20 | RNWRENEW ENERGY GLOBAL PLC | 1,277,071 | $6M | 0.4% | TRIM −48% |
| 21 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 150,562 | $6M | 0.4% | TRIM −80% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MFG LTD | 384K | — | 258K | 196K | 588K | 559K | $189M |
| EMBJEMBRAER S.A. | 2.7M | — | 2.0M | 1.2M | 1.1M | 2.9M | $171M |
| ITUBITAU UNIBANCO HLDG S A | — | — | — | — | — | 20.4M | $171M |
| EGOELDORADO GOLD CORP NEW | 6.0M | 6.7M | 4.5M | 5.0M | 4.0M | 4.9M | $168M |
| BABAALIBABA GROUP HLDG LTD | — | 559K | 524K | 498K | 309K | 1.3M | $167M |
| IBNICICI BANK LIMITED | 1.8M | 2.6M | — | 4.0M | 2.0M | 5.0M | $131M |
| GDSGDS HLDGS LTD | — | — | 417K | 1.6M | 2.2M | 2.2M | $88M |
| CPACOPA HOLDINGS SA | 702K | 778K | 512K | — | 125K | 518K | $59M |
| PDDPDD HOLDINGS INC | 60K | 196K | 504K | 387K | 223K | 515K | $53M |
| JBSJBS N.V. | — | — | — | 405K | 3.6M | 2.5M | $46M |
| HSAIHESAI GROUP | — | — | — | — | — | 1.6M | $30M |
| SLBSCHLUMBERGER LTD | — | — | — | — | — | 557K | $29M |
| AUANGLOGOLD ASHANTI PLC | 3.5M | 1.3M | 1.2M | 1.1M | 98K | 253K | $25M |
| HALHALLIBURTON CO | — | — | — | — | — | 598K | $23M |
| TSTENARIS S A | 438K | — | — | — | — | 337K | $20M |
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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