CIK 1569846
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2019-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 |
|---|---|---|
| Commercial Services & Supplies | 47.85% | 1 |
| Unclassified | 39.75% | 2 |
| Banks | 6.05% | 2 |
| Utilities | 5.03% | 2 |
| Diversified Telecommunication Services | 1.32% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LYFT | Lyft, Inc. | Industrials | 47.85% |
| 2 | STANDARD DIVERSIFIED INC | Unclassified | 38.83% | |
| 3 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 3.53% |
| 4 | PAM | Pampa Energy Inc. | Utilities | 3.35% |
| 5 | BMA | Macro Bank Inc. | Financials | 2.52% |
| 6 | TGS | GAS TRANSPORTER OF THE SOUTH INC | Utilities | 1.68% |
| 7 | TEO | TELECOM ARGENTINA SA | Communication Services | 1.32% |
| 8 | BBVA BANCO FRANCES S A | Unclassified | 0.91% |
6/8 names classified · sector 60.3% of weight · industry 60.3% · mkt cap 47.8%; 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: 60.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 48% of book weight classified — the grid is NOT representative of the whole book.
Classified: 47.8% of book weight (1/7 names) · unclassified 52.2%: , GGAL, PAM, BMA, TGS, TEO. 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 | LYFTLYFT INC | 205,128 | $8M | 47.8% | HOLD |
| 2 | STANDARD DIVERSIFIED INC | 593,862 | $7M | 38.8% | HOLD |
| 3 | GGALGRUPO FINANCIERO GALICIA S.A | 47,500 | $618,000 | 3.5% | HOLD |
| 4 | PAMPAMPA ENERGIA S A | 33,800 | $587,000 | 3.4% | HOLD |
| 5 | BMABANCO MACRO SA | 17,000 | $442,000 | 2.5% | HOLD |
| 6 | TGSTRANSPORTADORA DE GAS SUR | 34,600 | $294,000 | 1.7% | HOLD |
| 7 | TEOTELECOM ARGENTINA SA | 23,125 | $231,000 | 1.3% | HOLD |
| 8 | BBVA BANCO FRANCES S A | 37,000 | $160,000 | 0.9% | HOLD |
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