CIK 1569502
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2016-Q2. 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 | 80.17% | 12 |
| Banks | 12.06% | 1 |
| Chemicals | 4.33% | 1 |
| Metals & Mining | 2.43% | 1 |
| Capital Markets | 1.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NATIONAL GEN HLDGS CORP | Unclassified | 22.26% | |
| 2 | TLT | ISHARES TR | Unclassified | 21.17% |
| 3 | WD | Walker & Dunlop, Inc. | Financials | 12.06% |
| 4 | ANWORTH MORTGAGE ASSET CP | Unclassified | 7.58% | |
| 5 | AMERICAN CAP MTG INVT CORP COM | Unclassified | 7.00% | |
| 6 | Impac Mortgage Holdings Inc | Unclassified | 5.58% | |
| 7 | Dynex Capital Inc | Unclassified | 4.93% | |
| 8 | NPO | Enpro Inc. | Materials | 4.33% |
| 9 | COMPUTER SCIENCES CORP | Unclassified | 4.02% | |
| 10 | BTG | B2GOLD CORP | Materials | 2.43% |
4/16 names classified · sector 19.8% of weight · industry 19.8% · mkt cap 19.8%; 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: 19.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 16% of book weight classified — the grid is NOT representative of the whole book.
Classified: 16.4% of book weight (2/8 names) · unclassified 83.6%: , TLT, BTG, GDX, SA, APPS. 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 | NATIONAL GEN HLDGS CORP | 650,000 | $14M | 22.3% | HOLD |
| 2 | TLTISHARES TR | 100,000 | $14M | 21.2% | ADD 18% |
| 3 | WDWALKER & DUNLOP INC | 310,000 | $8M | 12.1% | ADD 3% |
| 4 | ANWORTH MORTGAGE ASSET CP | 1,000,000 | $5M | 7.6% | ADD 1134% |
| 5 | AMERICAN CAP MTG INVT CORP COM | 264,417 | $5M | 7.0% | TRIM −41% |
| 6 | Impac Mortgage Holdings Inc | 275,000 | $4M | 5.6% | NEW |
| 7 | Dynex Capital Inc | 431,112 | $3M | 4.9% | TRIM −56% |
| 8 | NPOENPRO INC | 49,550 | $3M | 4.3% | TRIM −55% |
| 9 | COMPUTER SCIENCES CORP | 50,000 | $3M | 4.0% | NEW |
| 10 | BTGB2GOLD CORP | 600,000 | $2M | 2.4% | NEW |
| 11 | GDXVANECK ETF TRUST GOLD MINERS ETF | 50,000 | $1M | 2.0% | HOLD |
| 12 | SASEABRIDGE GOLD INC | 100,000 | $1M | 1.7% | NEW |
| 13 | ICAD INC | 175,000 | $910,000 | 1.4% | ADD 17% |
| 14 | Emergent Capital | 300,000 | $879,000 | 1.4% | HOLD |
| 15 | EVERI HLDGS INC | 300,000 | $741,000 | 1.1% | ADD 54% |
| 16 | APPSDIGITAL TURBINE INC | 625,000 | $656,000 | 1.0% | ADD 4% |
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