CIK 1561728
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 |
|---|---|---|
| Media & Publishing | 19.35% | 3 |
| Unclassified | 17.75% | 9 |
| Diversified Telecommunication Services | 9.26% | 2 |
| Media & Entertainment | 8.49% | 3 |
| Entertainment | 7.32% | 3 |
| Capital Markets | 6.15% | 2 |
| Insurance | 5.33% | 2 |
| Pharmaceuticals & Biotechnology | 4.14% | 1 |
| Hotels, Restaurants & Leisure | 3.97% | 2 |
| Commercial Services & Supplies | 3.79% | 3 |
| Software | 3.00% | 2 |
| Construction & Engineering | 2.77% | 1 |
| Specialty Retail | 2.18% | 1 |
| Semiconductors & Semiconductor Equipment | 1.80% | 1 |
| Software & IT Services | 1.72% | 1 |
| Real Estate Management & Development | 1.37% | 1 |
| Oil, Gas & Consumable Fuels | 0.95% | 2 |
| Utilities | 0.45% | 1 |
| Household Durables | 0.13% | 1 |
| Aerospace & Defense | 0.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NWSA | NEWS CORP | Communication Services | 16.07% |
| 2 | SHEN | SHENANDOAH TELECOMMUNICATIONS CO/VA/ | Communication Services | 5.89% |
| 3 | CME | CME GROUP INC. | Financials | 5.60% |
| 4 | ACWI | ISHARES TR | Unclassified | 4.71% |
| 5 | RPRX | Royalty Pharma plc | Health Care | 4.14% |
| 6 | FWONA | Liberty Media Corp | Communication Services | 4.04% |
| 7 | FWONK | Liberty Media Corp | Communication Services | 3.95% |
| 8 | INFL | LISTED FDS TR | Unclassified | 3.67% |
| 9 | STVN | STEVANATO GROUP S P A | Unclassified | 3.59% |
| 10 | SHAK | Shake Shack Inc. | Consumer Discretionary | 3.58% |
33/42 names classified · sector 82.3% of weight · industry 82.3% · mkt cap 79.4%; 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: 82.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 56.4% of book weight (20/42 names) · unclassified 43.6%: ACWI, RPRX, FWONA, FWONK, INFL, STVN, TDS, FER, LLYVA, AIRR +12 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 | NWSANEWS CORP NEW | 1,580,929 | $39M | 16.1% | TRIM −14% |
| 2 | SHENSHENANDOAH TELECOMMUNICATION | 937,332 | $14M | 5.9% | HOLD |
| 3 | CMECME GROUP INC | 46,552 | $14M | 5.6% | TRIM −8% |
| 4 | ACWIISHARES TR | 83,458 | $12M | 4.7% | ADD 13% |
| 5 | RPRXROYALTY PHARMA PLC | 211,821 | $10M | 4.1% | TRIM −45% |
| 6 | FWONALIBERTY MEDIA CORP DEL | 126,808 | $10M | 4.0% | ADD 12% |
| 7 | FWONKLIBERTY MEDIA CORP DEL | 113,836 | $10M | 3.9% | TRIM −19% |
| 8 | INFLLISTED FDS TR | 172,724 | $9M | 3.7% | NEW |
| 9 | STVNSTEVANATO GROUP S P A | 640,229 | $9M | 3.6% | TRIM −8% |
| 10 | SHAKSHAKE SHACK INC | 99,403 | $9M | 3.6% | ADD 55% |
| 11 | TDSTELEPHONE & DATA SYS INC | 196,421 | $8M | 3.4% | NEW |
| 12 | RYANRYAN SPECIALTY HOLDINGS INC | 229,949 | $8M | 3.2% | TRIM −50% |
| 13 | TKOTKO GROUP HOLDINGS INC | 35,900 | $7M | 3.0% | TRIM −66% |
| 14 | FERFERROVIAL SE | 104,382 | $7M | 2.8% | TRIM −18% |
| 15 | LLYVALIBERTY LIVE HOLDINGS INC | 72,899 | $7M | 2.7% | NEW |
| 16 | AIRRFirst Trust RBA Amern Indl Renaissance ETF | 55,441 | $6M | 2.5% | NEW |
| 17 | EWJISHARES INC | 71,850 | $6M | 2.5% | NEW |
| 18 | AMZNAMAZON COM INC | 25,707 | $5M | 2.2% | ADD 6% |
| 19 | BROBROWN & BROWN INC | 81,433 | $5M | 2.2% | TRIM −12% |
| 20 | VVISA INC | 16,018 | $5M | 2.0% | TRIM −31% |
| 21 | MSFTMICROSOFT CORP | 12,071 | $4M | 1.8% | TRIM −41% |
| 22 | NVDANVIDIA CORPORATION | 25,268 | $4M | 1.8% | HOLD |
| 23 | NWSNEWS CORP NEW | 148,990 | $4M | 1.7% | TRIM −47% |
| 24 | GOOGLALPHABET INC | 14,664 | $4M | 1.7% | HOLD |
| 25 | LLYVKLIBERTY LIVE HOLDINGS INC | 42,966 | $4M | 1.6% | NEW |
| 26 | TRITHOMSON REUTERS CORP | 42,436 | $4M | 1.6% | NEW |
| 27 | CIGICOLLIERS INTL GROUP INC | 31,379 | $3M | 1.4% | ADD 4% |
| 28 | UBERUBER TECHNOLOGIES INC | 44,026 | $3M | 1.3% | TRIM −60% |
| 29 | BSYBENTLEY SYS INC | 82,120 | $3M | 1.2% | ADD 122% |
| 30 | KKRKKR & CO INC | 14,513 | $1M | 0.5% | TRIM −48% |
| 31 | SPGIS&P GLOBAL INC | 3,043 | $1M | 0.5% | ADD 39% |
| 32 | TBNTAMBORAN RES CORP | 25,322 | $1M | 0.5% | HOLD |
| 33 | NFLXNETFLIX INC | 13,063 | $1M | 0.5% | NEW |
| 34 | AWKAMERICAN WTR WKS CO INC NEW | 8,181 | $1M | 0.5% | ADD 8% |
| 35 | HESMHESS MIDSTREAM LP | 27,142 | $1M | 0.4% | TRIM −35% |
| 36 | TXRHTEXAS ROADHOUSE INC | 5,757 | $950,711 | 0.4% | HOLD |
| 37 | PSQPROSHARES TR | 22,979 | $739,694 | 0.3% | NEW |
| 38 | PICKISHARES INC | 7,799 | $441,345 | 0.2% | ADD 85% |
| 39 | DBBINVESCO DB MULTI-SECTOR COMM | 17,485 | $410,898 | 0.2% | ADD 89% |
| 40 | UNGUNITED STS NAT GAS FD LP | 34,062 | $399,547 | 0.2% | ADD 92% |
| 41 | CODICOMPASS DIVERSIFIED | 40,617 | $319,250 | 0.1% | NEW |
| 42 | EHEHANG HLDGS LTD | 19,389 | $188,267 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NWSANEWS CORP NEW | 1.7M | 1.5M | 1.5M | 1.8M | 1.8M | 1.6M | $39M |
| SHENSHENANDOAH TELECOMMUNICATION | — | — | — | 525K | 951K | 937K | $14M |
| CMECME GROUP INC | 134K | 127K | 106K | 54K | 51K | 47K | $14M |
| ACWIISHARES TR | — | — | — | 63K | 74K | 83K | $12M |
| RPRXROYALTY PHARMA PLC | 417K | 417K | 414K | 408K | 386K | 212K | $10M |
| FWONALIBERTY MEDIA CORP DEL | 46K | 46K | 52K | 113K | 113K | 127K | $10M |
| FWONKLIBERTY MEDIA CORP DEL | 188K | 190K | 203K | 174K | 140K | 114K | $10M |
| INFLLISTED FDS TR | — | — | — | — | — | 173K | $9M |
| STVNSTEVANATO GROUP S P A | 112K | 138K | 168K | 590K | 695K | 640K | $9M |
| SHAKSHAKE SHACK INC | — | 502 | 90K | — | 64K | 99K | $9M |
| TDSTELEPHONE & DATA SYS INC | — | — | — | — | — | 196K | $8M |
| RYANRYAN SPECIALTY HOLDINGS INC | 354K | 359K | 377K | 505K | 459K | 230K | $8M |
| TKOTKO GROUP HOLDINGS INC | 119K | 130K | 144K | 127K | 106K | 36K | $7M |
| FERFERROVIAL SE | — | — | — | 128K | 128K | 104K | $7M |
| LLYVALIBERTY LIVE HOLDINGS INC | — | — | — | — | — | 73K | $7M |
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.
