CIK 1596197
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 |
|---|---|---|
| Unclassified | 74.46% | 20 |
| Semiconductors & Semiconductor Equipment | 6.15% | 4 |
| Oil, Gas & Consumable Fuels | 4.04% | 1 |
| Machinery | 4.02% | 1 |
| Software | 3.50% | 2 |
| Health Care Equipment & Supplies | 2.33% | 1 |
| Technology Hardware & Equipment | 1.60% | 1 |
| Banks | 1.11% | 1 |
| Capital Markets | 0.82% | 1 |
| Health Care Providers & Services | 0.78% | 1 |
| Metals & Mining | 0.51% | 1 |
| Utilities | 0.39% | 1 |
| Pharmaceuticals & Biotechnology | 0.29% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | Unclassified | 14.97% |
| 2 | VTI | VANGUARD INDEX FDS | Unclassified | 11.16% |
| 3 | PPLT | ABRDN PLATINUM ETF TRUST | Unclassified | 6.20% |
| 4 | GDXJ | VANECK ETF TRUST | Unclassified | 5.22% |
| 5 | ADX | ADAMS DIVERSIFIED EQUITY FD | Unclassified | 5.20% |
| 6 | SIVR | ABRDN SILVER ETF TRUST | Unclassified | 4.48% |
| 7 | SHEL | SHELL PLC | Energy | 4.04% |
| 8 | ASML | ASML Holding NV | Industrials | 4.02% |
| 9 | NXPI | NXP Semiconductors N.V. | Information Technology | 3.97% |
| 10 | INFL | LISTED FDS TR | Unclassified | 3.85% |
17/37 names classified · sector 25.5% of weight · industry 25.5% · mkt cap 17.5%; 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: 25.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 13% of book weight classified — the grid is NOT representative of the whole book.
Classified: 12.7% of book weight (9/37 names) · unclassified 87.3%: GLD, VTI, PPLT, GDXJ, ADX, SIVR, SHEL, ASML, INFL, PEO +18 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 | GLDSPDR GOLD TR | 40,000 | $17M | 15.0% | HOLD |
| 2 | VTIVANGUARD INDEX FDS | 40,000 | $13M | 11.2% | HOLD |
| 3 | PPLTABRDN PLATINUM ETF TRUST | 40,000 | $7M | 6.2% | HOLD |
| 4 | GDXJVANECK ETF TRUST | 50,000 | $6M | 5.2% | HOLD |
| 5 | ADXADAMS DIVERSIFIED EQUITY FD | 273,000 | $6M | 5.2% | ADD 2% |
| 6 | SIVRABRDN SILVER ETF TRUST | 72,000 | $5M | 4.5% | TRIM −6% |
| 7 | SHELSHELL PLC | 50,000 | $5M | 4.0% | HOLD |
| 8 | ASMLASML HOLDING N V | 3,500 | $5M | 4.0% | ADD 27% |
| 9 | NXPINXP SEMICONDUCTORS N V | 23,200 | $5M | 4.0% | HOLD |
| 10 | INFLLISTED FDS TR | 85,000 | $4M | 3.8% | HOLD |
| 11 | PEOADAM NAT RES FD INC | 156,000 | $4M | 3.8% | HOLD |
| 12 | TLTISHARES TR | 50,000 | $4M | 3.8% | NEW |
| 13 | SNPSSYNOPSYS INC | 10,000 | $4M | 3.4% | ADD 67% |
| 14 | VEUVANGUARD INTL EQUITY INDEX F | 50,000 | $4M | 3.3% | HOLD |
| 15 | SLRCSLR INVESTMENT CORP | 240,000 | $3M | 3.0% | TRIM −9% |
| 16 | HTFLHEARTFLOW INC | 110,000 | $3M | 2.3% | NEW |
| 17 | RVTROYCE SMALL CAP TRUST INC | 152,777 | $3M | 2.2% | ADD 48% |
| 18 | XLISELECT SECTOR SPDR TR | 15,000 | $2M | 2.1% | NEW |
| 19 | EWYISHARES INC MSCI STH KOR ETF | 15,000 | $2M | 1.6% | NEW |
| 20 | KLACKLA CORP | 1,250 | $2M | 1.6% | NEW |
| 21 | BSTZBLACKROCK SCIENCE & TECHNOLO | 80,000 | $2M | 1.5% | HOLD |
| 22 | ONON SEMICONDUCTOR CORP | 25,000 | $2M | 1.3% | NEW |
| 23 | SSSSSURO CAPITAL CORP | 125,000 | $1M | 1.2% | ADD 25% |
| 24 | LSAKLESAKA TECHNOLOGIES INC | 250,000 | $1M | 1.1% | HOLD |
| 25 | SCHWSCHWAB CHARLES CORP | 10,000 | $939,800 | 0.8% | NEW |
| 26 | NTRANATERA INC | 4,500 | $899,955 | 0.8% | HOLD |
| 27 | FCXFREEPORT MCMORAN INC | 10,000 | $587,800 | 0.5% | NEW |
| 28 | HEWJISHARES TR | 10,000 | $562,800 | 0.5% | HOLD |
| 29 | MUMICRON TECHNOLOGY INC | 1,500 | $506,760 | 0.4% | NEW |
| 30 | VSHVISHAY INTERTECHNOLOGY INC | 25,000 | $450,000 | 0.4% | NEW |
| 31 | HEHAWAIIAN ELEC INDS INC MTN B | 30,000 | $445,200 | 0.4% | HOLD |
| 32 | ECHISHARES INC MSCI CHILE ETF | 10,000 | $397,600 | 0.3% | NEW |
| 33 | ORGOORGANOGENESIS HLDGS INC | 73,580 | $174,385 | 0.2% | TRIM −26% |
| 34 | CCCCC4 THERAPEUTICS INC | 60,000 | $157,800 | 0.1% | ADD 9% |
| 35 | FOCLEDAP TMS S A | 25,000 | $93,000 | 0.1% | HOLD |
| 36 | KLTRKALTURA INC | 53,100 | $64,782 | 0.1% | NEW |
| 37 | SPROSPERO THERAPEUTICS INC | 16,279 | $38,093 | 0.0% | TRIM −90% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GLDSPDR GOLD TR | — | — | 60K | 50K | 40K | 40K | $17M |
| VTIVANGUARD INDEX FDS | 110K | 55K | 30K | 60K | 40K | 40K | $13M |
| PPLTABRDN PLATINUM ETF TRUST | 16K | — | 50K | 55K | 40K | 40K | $7M |
| GDXJVANECK ETF TRUST | — | — | 70K | 50K | 50K | 50K | $6M |
| ADXADAMS DIVERSIFIED EQUITY FD | 252K | 257K | 257K | 262K | 267K | 273K | $6M |
| SIVRABRDN SILVER ETF TRUST | 50K | 50K | 100K | 100K | 77K | 72K | $5M |
| SHELSHELL PLC | 100K | 75K | 50K | 50K | 50K | 50K | $5M |
| ASMLASML HOLDING N V | 3K | 2K | 3K | 3K | 3K | 4K | $5M |
| NXPINXP SEMICONDUCTORS N V | 20K | 15K | 10K | 10K | 23K | 23K | $5M |
| INFLLISTED FDS TR | 85K | 85K | 85K | 85K | 85K | 85K | $4M |
| PEOADAM NAT RES FD INC | 188K | 193K | 174K | 150K | 153K | 156K | $4M |
| TLTISHARES TR | — | — | — | — | — | 50K | $4M |
| SNPSSYNOPSYS INC | — | — | — | 3K | 6K | 10K | $4M |
| VEUVANGUARD INTL EQUITY INDEX F | — | 25K | 50K | 50K | 50K | 50K | $4M |
| SLRCSLR INVESTMENT CORP | 231K | 231K | 250K | 250K | 265K | 240K | $3M |
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.
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