CIK 1594320
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 |
|---|---|---|
| Commercial Services & Supplies | 39.82% | 12 |
| Specialty Retail | 13.99% | 4 |
| Banks | 13.41% | 3 |
| Capital Markets | 6.34% | 3 |
| Software & IT Services | 4.75% | 2 |
| Hotels, Restaurants & Leisure | 2.92% | 1 |
| Media & Entertainment | 2.84% | 2 |
| Unclassified | 2.60% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 2.56% | 5 |
| Software | 2.34% | 1 |
| Insurance | 1.80% | 3 |
| Transportation Infrastructure | 1.43% | 1 |
| Utilities | 1.21% | 2 |
| Aerospace & Defense | 0.92% | 1 |
| Semiconductors & Semiconductor Equipment | 0.82% | 3 |
| Life Sciences Tools & Services | 0.78% | 1 |
| Entertainment | 0.73% | 1 |
| Technology Hardware & Equipment | 0.27% | 2 |
| Road & Rail | 0.25% | 2 |
| Construction Materials | 0.09% | 1 |
| Construction & Engineering | 0.08% | 1 |
| Chemicals | 0.05% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MELI | MERCADOLIBRE INC | Industrials | 12.43% |
| 2 | NU | NU HOLDINGS CLASS A | Financials | 11.77% |
| 3 | SE | Sea Ltd | Industrials | 11.76% |
| 4 | CPNG | Coupang, Inc. | Consumer Discretionary | 10.13% |
| 5 | GRAB | Grab Holdings Ltd | Industrials | 5.44% |
| 6 | LPLA | LPL Financial Holdings Inc. | Financials | 3.98% |
| 7 | AMZN | AMAZON COM INC | Consumer Discretionary | 3.14% |
| 8 | META | Meta Platforms, Inc. | Communication Services | 2.93% |
| 9 | KSPI | Joint Stock Co Kaspi.kz | Industrials | 2.92% |
| 10 | MLCO | Melco Resorts & Entertainment LTD | Consumer Discretionary | 2.92% |
52/53 names classified · sector 97.4% of weight · industry 97.4% · mkt cap 59.9%; 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: 97.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 56.9% of book weight (38/53 names) · unclassified 43.1%: NU, SE, GRAB, KSPI, MLCO, MMYT, SPOT, BAP, EMBJ, ET +5 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 | MELIMERCADOLIBRE INC | 157,804 | $273M | 12.4% | ADD 11% |
| 2 | NUNU HLDGS LTD | 17,973,549 | $258M | 11.8% | ADD 25% |
| 3 | SESEA LTD | 3,116,319 | $258M | 11.8% | ADD 39% |
| 4 | CPNGCOUPANG INC | 11,771,286 | $222M | 10.1% | ADD 98% |
| 5 | GRABGRAB HOLDINGS LIMITED | 32,601,355 | $119M | 5.4% | ADD 75% |
| 6 | LPLALPL FINL HLDGS INC | 290,443 | $87M | 4.0% | ADD 27% |
| 7 | AMZNAMAZON COM INC | 330,915 | $69M | 3.1% | TRIM −9% |
| 8 | METAMETA PLATFORMS INC | 112,414 | $64M | 2.9% | ADD 35% |
| 9 | KSPIKASPI KZ JSC | 865,750 | $64M | 2.9% | TRIM −13% |
| 10 | MLCOMELCO RESORTS AND ENTMNT LTD | 11,269,346 | $64M | 2.9% | ADD 35% |
| 11 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 1,532,202 | $57M | 2.6% | ADD 22% |
| 12 | MSFTMICROSOFT CORP | 138,606 | $51M | 2.3% | ADD 49% |
| 13 | SCHWSCHWAB CHARLES CORP | 530,439 | $50M | 2.3% | ADD 14% |
| 14 | SPOTSPOTIFY TECHNOLOGY S A | 99,710 | $48M | 2.2% | ADD 38% |
| 15 | SPGIS&P GLOBAL INC | 98,247 | $42M | 1.9% | ADD 49% |
| 16 | GOOGLALPHABET INC | 138,824 | $40M | 1.8% | NEW |
| 17 | VVISA INC | 124,579 | $38M | 1.7% | ADD 3% |
| 18 | BKNGBOOKING HOLDINGS INC | 7,432 | $31M | 1.4% | ADD 16% |
| 19 | DASHDOORDASH INC | 194,738 | $29M | 1.3% | NEW |
| 20 | UBERUBER TECHNOLOGIES INC | 383,398 | $28M | 1.3% | ADD 23% |
| 21 | BAPCREDICORP LTD | 65,156 | $22M | 1.0% | NEW |
| 22 | ELVELEVANCE HEALTH INC FORMERLY | 74,377 | $22M | 1.0% | TRIM −53% |
| 23 | EMBJEMBRAER S.A. | 341,255 | $20M | 0.9% | ADD 22% |
| 24 | IQVIQVIA HLDGS INC | 100,522 | $17M | 0.8% | ADD 34% |
| 25 | DISDISNEY WALT CO | 166,477 | $16M | 0.7% | TRIM −40% |
| 26 | UNHUNITEDHEALTH GROUP INC | 58,224 | $16M | 0.7% | TRIM −32% |
| 27 | CPTCAMDEN PPTY TR | 159,727 | $16M | 0.7% | HOLD |
| 28 | CVNACARVANA CO | 49,207 | $15M | 0.7% | ADD 15% |
| 29 | ZZILLOW GROUP INC | 349,503 | $14M | 0.7% | ADD 131% |
| 30 | ETENERGY TRANSFER L P | 742,278 | $14M | 0.7% | ADD 23% |
| 31 | EQREQUITY RESIDENTIAL | 241,124 | $14M | 0.6% | HOLD |
| 32 | NFLXNETFLIX INC | 145,897 | $14M | 0.6% | NEW |
| 33 | HDBHDFC BANK LTD | 554,295 | $14M | 0.6% | ADD 15% |
| 34 | REXRREXFORD INDL RLTY INC | 409,723 | $13M | 0.6% | HOLD |
| 35 | MAAMID-AMER APT CMNTYS INC | 102,498 | $13M | 0.6% | NEW |
| 36 | KMIKINDER MORGAN INC DEL | 365,566 | $12M | 0.6% | ADD 48% |
| 37 | AVGOBROADCOM INC | 35,382 | $11M | 0.5% | NEW |
| 38 | MAMASTERCARD INCORPORATED | 13,497 | $7M | 0.3% | NEW |
| 39 | NVDANVIDIA CORPORATION | 26,149 | $5M | 0.2% | NEW |
| 40 | TMOTHERMO FISHER SCIENTIFIC INC | 7,917 | $4M | 0.2% | TRIM −84% |
| 41 | CPCANADIAN PACIFIC KANSAS CITY | 45,078 | $4M | 0.2% | TRIM −2% |
| 42 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 7,084 | $2M | 0.1% | TRIM −25% |
| 43 | DHRDANAHER CORP DEL | 11,118 | $2M | 0.1% | TRIM −52% |
| 44 | CRHCRH PLC | 19,103 | $2M | 0.1% | TRIM −44% |
| 45 | PGRPROGRESSIVE CORP | 9,884 | $2M | 0.1% | ADD 31% |
| 46 | IBKRINTERACTIVE BROKERS GROUP IN | 28,844 | $2M | 0.1% | ADD 7% |
| 47 | UNPUNION PAC CORP | 7,801 | $2M | 0.1% | TRIM −52% |
| 48 | LENLENNAR CORP | 19,327 | $2M | 0.1% | TRIM −82% |
| 49 | NKENIKE INC | 22,131 | $1M | 0.1% | TRIM −90% |
| 50 | EFXEQUIFAX INC | 5,971 | $1M | 0.0% | NEW |
| 51 | TRUTRANSUNION | 13,957 | $965,685 | 0.0% | TRIM −64% |
| 52 | JDJD.COM INC | 12,228 | $361,582 | 0.0% | ADD 40% |
| 53 | NLOPNET LEASE OFFICE PROPERTIES | 25,260 | $290,995 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MELIMERCADOLIBRE INC | 77K | 75K | 54K | 88K | 142K | 158K | $273M |
| NUNU HLDGS LTD | 9.3M | 15.9M | 16.0M | 14.9M | 14.4M | 18.0M | $258M |
| SESEA LTD | 1.1M | 1.1M | 945K | 990K | 2.2M | 3.1M | $258M |
| CPNGCOUPANG INC | 7.4M | 7.6M | 5.7M | 5.0M | 5.9M | 11.8M | $222M |
| GRABGRAB HOLDINGS LIMITED | 28.6M | 32.1M | 30.1M | 24.7M | 18.7M | 32.6M | $119M |
| LPLALPL FINL HLDGS INC | 187K | 123K | 151K | 188K | 228K | 290K | $87M |
| AMZNAMAZON COM INC | 244K | 247K | 315K | 316K | 363K | 331K | $69M |
| METAMETA PLATFORMS INC | 103K | 72K | 60K | 53K | 83K | 112K | $64M |
| KSPIKASPI KZ JSC | 465K | 537K | 885K | 823K | 991K | 866K | $64M |
| MLCOMELCO RESORTS AND ENTMNT LTD | 11.6M | 10.7M | 7.8M | 8.1M | 8.3M | 11.3M | $64M |
| MMYTMAKEMYTRIP LIMITED MAURITIUS | — | — | 260K | 865K | 1.3M | 1.5M | $57M |
| MSFTMICROSOFT CORP | 28K | 106K | 105K | 89K | 93K | 139K | $51M |
| SCHWSCHWAB CHARLES CORP | 507K | 561K | 480K | 461K | 463K | 530K | $50M |
| SPOTSPOTIFY TECHNOLOGY S A | 94K | 54K | 22K | 23K | 72K | 100K | $48M |
| SPGIS&P GLOBAL INC | — | — | — | — | 66K | 98K | $42M |
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.
