CIK 1556785
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 |
|---|---|---|
| Insurance | 26.55% | 4 |
| Commercial Services & Supplies | 18.78% | 6 |
| Software | 15.01% | 4 |
| Specialty Retail | 11.24% | 2 |
| Capital Markets | 7.02% | 2 |
| Aerospace & Defense | 6.15% | 2 |
| Software & IT Services | 5.14% | 1 |
| Life Sciences Tools & Services | 3.71% | 2 |
| Unclassified | 1.64% | 2 |
| Real Estate Management & Development | 1.61% | 2 |
| Electrical Equipment & Components | 0.70% | 1 |
| Professional Services | 0.70% | 1 |
| Semiconductors & Semiconductor Equipment | 0.55% | 1 |
| Household Durables | 0.51% | 1 |
| Paper & Forest Products | 0.35% | 1 |
| Hotels, Restaurants & Leisure | 0.33% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EG | EVEREST GROUP, LTD. | Financials | 11.80% |
| 2 | MSFT | MICROSOFT CORP | Information Technology | 10.88% |
| 3 | AMZN | AMAZON COM INC | Consumer Discretionary | 8.81% |
| 4 | UNH | UNITEDHEALTH GROUP INC | Financials | 6.55% |
| 5 | RYAN | RYAN SPECIALTY HOLDINGS, INC. | Financials | 5.90% |
| 6 | TRU | TransUnion | Industrials | 5.88% |
| 7 | TDG | TransDigm Group INC | Industrials | 5.66% |
| 8 | GOOG | Alphabet Inc. | Communication Services | 5.14% |
| 9 | V | VISA INC. | Financials | 5.12% |
| 10 | MA | Mastercard Inc | Financials | 5.08% |
31/33 names classified · sector 98.4% of weight · industry 98.4% · mkt cap 91.8%; 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: 98.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 89.7% of book weight (28/33 names) · unclassified 10.3%: ARES, TPG, NICE, HEI.A, ITRN. 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 | EGEVEREST GROUP LTD | 1,361,865 | $445M | 11.8% | TRIM −10% |
| 2 | MSFTMICROSOFT CORP | 1,108,991 | $411M | 10.9% | TRIM −3% |
| 3 | AMZNAMAZON COM INC | 1,595,868 | $332M | 8.8% | TRIM −9% |
| 4 | UNHUNITEDHEALTH GROUP INC | 912,674 | $247M | 6.5% | TRIM −16% |
| 5 | RYANRYAN SPECIALTY HOLDINGS INC | 6,595,335 | $223M | 5.9% | ADD 43% |
| 6 | TRUTRANSUNION | 3,207,405 | $222M | 5.9% | ADD 202% |
| 7 | TDGTRANSDIGM GROUP INC | 184,228 | $214M | 5.7% | TRIM −23% |
| 8 | GOOGALPHABET INC | 676,556 | $194M | 5.1% | TRIM −27% |
| 9 | VVISA INC | 639,454 | $193M | 5.1% | TRIM −12% |
| 10 | MAMASTERCARD INCORPORATED | 383,179 | $191M | 5.1% | TRIM −15% |
| 11 | ARESARES MANAGEMENT CORPORATION | 1,691,176 | $185M | 4.9% | HOLD |
| 12 | MEDPMEDPACE HLDGS INC | 203,068 | $98M | 2.6% | ADD 329% |
| 13 | KMXCARMAX INC | 2,204,876 | $92M | 2.4% | TRIM −25% |
| 14 | ELVELEVANCE HEALTH INC FORMERLY | 296,771 | $87M | 2.3% | TRIM −23% |
| 15 | TPGTPG INC | 1,986,026 | $80M | 2.1% | ADD 15% |
| 16 | NICENICE LTD | 572,311 | $63M | 1.7% | TRIM −34% |
| 17 | FISVFISERV INC | 1,094,659 | $61M | 1.6% | TRIM −24% |
| 18 | NOWSERVICENOW INC | 533,817 | $56M | 1.5% | NEW |
| 19 | IQVIQVIA HLDGS INC | 248,101 | $42M | 1.1% | TRIM −23% |
| 20 | HEI.AHEICO CORP NEW | 178,456 | $38M | 1.0% | TRIM −29% |
| 21 | CRMSALESFORCE INC | 196,803 | $37M | 1.0% | TRIM −87% |
| 22 | JLLJONES LANG LASALLE INC | 109,549 | $33M | 0.9% | TRIM −27% |
| 23 | CIGICOLLIERS INTL GROUP INC | 255,321 | $27M | 0.7% | ADD 38% |
| 24 | LFUSLITTELFUSE INC | 78,107 | $27M | 0.7% | TRIM −59% |
| 25 | GGENPACT LIMITED | 710,313 | $26M | 0.7% | TRIM −5% |
| 26 | ABMABM INDS INC | 630,296 | $24M | 0.6% | TRIM −4% |
| 27 | ITRNITURAN LOCATION AND CONTROL | 493,840 | $24M | 0.6% | TRIM −9% |
| 28 | QRVOQORVO INC | 268,813 | $21M | 0.6% | TRIM −76% |
| 29 | MLKNMILLERKNOLL INC | 1,324,609 | $19M | 0.5% | TRIM −5% |
| 30 | SAROSTANDARDAERO INC | 716,983 | $19M | 0.5% | ADD 51% |
| 31 | PRGPROG HOLDINGS INC | 566,314 | $16M | 0.4% | TRIM −5% |
| 32 | FBINFORTUNE BRANDS INNOVATIONS I | 343,563 | $13M | 0.4% | TRIM −3% |
| 33 | PKPARK HOTELS & RESORTS INC | 1,195,835 | $13M | 0.3% | TRIM −5% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EGEVEREST GROUP LTD | 979K | 1.3M | 1.2M | 1.4M | 1.5M | 1.4M | $445M |
| MSFTMICROSOFT CORP | 1.2M | 1.4M | 1.2M | 1.2M | 1.1M | 1.1M | $411M |
| AMZNAMAZON COM INC | 1.9M | 1.8M | 1.9M | 1.9M | 1.8M | 1.6M | $332M |
| UNHUNITEDHEALTH GROUP INC | 113K | 154K | 1.2M | 1.2M | 1.1M | 913K | $247M |
| RYANRYAN SPECIALTY HOLDINGS INC | — | — | — | 632K | 4.6M | 6.6M | $223M |
| TRUTRANSUNION | — | — | — | — | 1.1M | 3.2M | $222M |
| TDGTRANSDIGM GROUP INC | 236K | 249K | 232K | 250K | 241K | 184K | $214M |
| GOOGALPHABET INC | 1.9M | 1.9M | 1.8M | 1.1M | 932K | 677K | $194M |
| VVISA INC | 1.0M | 902K | 668K | 752K | 728K | 639K | $193M |
| MAMASTERCARD INCORPORATED | 655K | 574K | 438K | 466K | 449K | 383K | $191M |
| ARESARES MANAGEMENT CORPORATION | 359K | 139K | 1.2M | 1.4M | 1.7M | 1.7M | $185M |
| MEDPMEDPACE HLDGS INC | 101K | 326K | 287K | 200K | 47K | 203K | $98M |
| KMXCARMAX INC | 1.3M | 1.2M | 990K | 2.3M | 2.9M | 2.2M | $92M |
| ELVELEVANCE HEALTH INC FORMERLY | 394K | 379K | 294K | 419K | 386K | 297K | $87M |
| TPGTPG INC | — | 1.8M | 2.0M | 2.0M | 1.7M | 2.0M | $80M |
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.
