CIK 1572311
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2018-Q1. 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 | 29.03% | 2 |
| Banks | 28.81% | 1 |
| Software & IT Services | 21.60% | 1 |
| Real Estate Management & Development | 20.57% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CACC | CREDIT ACCEPTANCE CORP | Financials | 28.81% |
| 2 | AER | AERCAP HOLDINGS NV | Unclassified | 22.30% |
| 3 | BIDU | Baidu, Inc. | Information Technology | 21.60% |
| 4 | SRG | Seritage Growth Properties | Real Estate | 20.57% |
| 5 | HUNT COS FIN TR INC | Unclassified | 6.73% |
3/5 names classified · sector 71.0% of weight · industry 71.0% · mkt cap 49.4%; 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: 71.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 29% of book weight classified — the grid is NOT representative of the whole book.
Classified: 28.8% of book weight (1/5 names) · unclassified 71.2%: AER, BIDU, SRG, . Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
Where this firm's principals came from and which firms its alumni went on to found.
