CIK 1578684
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 |
|---|---|---|
| Health Care Providers & Services | 68.32% | 1 |
| Unclassified | 18.65% | 1 |
| Banks | 11.86% | 1 |
| Software | 0.94% | 1 |
| Transportation Infrastructure | 0.23% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | HCA | HCA Healthcare, Inc. | Health Care | 68.32% |
| 2 | GLBE | GLOBAL E ONLINE LTD | Unclassified | 18.65% |
| 3 | AFRM | Affirm Holdings, Inc. | Financials | 11.86% |
| 4 | NAVN | Navan, Inc. | Information Technology | 0.94% |
| 5 | GBTG | Global Business Travel Group, Inc. | Industrials | 0.23% |
4/5 names classified · sector 81.4% of weight · industry 81.4% · mkt cap 80.4%; 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: 81.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 80.4% of book weight (3/5 names) · unclassified 19.6%: GLBE, NAVN. 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 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| HCAHCA HEALTHCARE INC | — | 477K | 646K | 346K | 67K | 75K | $36M |
| GLBEGLOBAL E ONLINE LTD | 3.9M | 2.3M | 2.0M | 2.0M | 357K | 315K | $10M |
| AFRMAFFIRM HLDGS INC | 2.1M | 1.1M | 960K | 960K | 144K | 135K | $6M |
| NAVNNAVAN INC | — | — | — | — | — | 37K | $489,880 |
| GBTGGLOBAL BUSINESS TRAVEL GROUP | — | — | — | 17K | 18K | 21K | $117,738 |
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.
