CIK 1596468
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 | 71.16% | 81 |
| Pharmaceuticals & Biotechnology | 16.94% | 10 |
| Equity Real Estate Investment Trusts (REITs) | 4.58% | 10 |
| Life Sciences Tools & Services | 1.91% | 1 |
| Hotels, Restaurants & Leisure | 1.90% | 1 |
| Entertainment | 0.72% | 1 |
| Media & Publishing | 0.67% | 1 |
| Real Estate Management & Development | 0.57% | 2 |
| Software | 0.50% | 1 |
| Banks | 0.48% | 4 |
| Health Care Providers & Services | 0.38% | 1 |
| Paper & Forest Products | 0.19% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FBTC | FIDELITY WISE ORIGIN BITCOIN | Unclassified | 20.50% |
| 2 | BTT | BLACKROCK MUN TARGET TERM TR | Unclassified | 7.62% |
| 3 | ASA | ASA GOLD AND PRECIOUS MTLS L | Unclassified | 7.37% |
| 4 | AMLX | Amylyx Pharmaceuticals, Inc. | Health Care | 6.67% |
| 5 | DSGN | Design Therapeutics, Inc. | Health Care | 3.68% |
| 6 | XNQPX | NUVEEN PENNSYLVANIA QLT MUN | Unclassified | 2.85% |
| 7 | PDX | PIMCO DYNAMIC INCOME STRATEG | Unclassified | 2.70% |
| 8 | LYEL | Lyell Immunopharma, Inc. | Health Care | 2.62% |
| 9 | BIO | BIO-RAD LABORATORIES, INC. | Health Care | 1.91% |
| 10 | CNNE | Cannae Holdings, Inc. | Consumer Discretionary | 1.90% |
35/115 names classified · sector 28.8% of weight · industry 28.8% · mkt cap 28.8%; 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: 28.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 7% of book weight classified — the grid is NOT representative of the whole book.
Classified: 7.3% of book weight (12/114 names) · unclassified 92.7%: FBTC, BTT, ASA, AMLX, DSGN, XNQPX, PDX, LYEL, CRF, BMEZ +92 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 | FBTCFIDELITY WISE ORIGIN BITCOIN | 1,536,637 | $91M | 20.5% | HOLD |
| 2 | BTTBLACKROCK MUN TARGET TERM TR | 1,486,013 | $34M | 7.6% | HOLD |
| 3 | ASAASA GOLD AND PRECIOUS MTLS L | 525,666 | $33M | 7.4% | ADD 38% |
| 4 | AMLXAMYLYX PHARMACEUTICALS INC | 2,122,597 | $30M | 6.7% | HOLD |
| 5 | DSGNDESIGN THERAPEUTICS INC | 1,530,335 | $16M | 3.7% | HOLD |
| 6 | XNQPXNUVEEN PENNSYLVANIA QLT MUN | 1,057,494 | $13M | 2.9% | ADD 187% |
| 7 | PDXPIMCO DYNAMIC INCOME STRATEG | 541,492 | $12M | 2.7% | ADD 258% |
| 8 | LYELLYELL IMMUNOPHARMA INC | 577,807 | $12M | 2.6% | HOLD |
| 9 | BIOBIO RAD LABS INC | 30,254 | $8M | 1.9% | NEW |
| 10 | CNNECANNAE HLDGS INC | 741,318 | $8M | 1.9% | ADD 80% |
| 11 | CRFCORNERSTONE TOTAL RETURN FD | 1,115,348 | $8M | 1.8% | ADD 1191% |
| 12 | BMEZBLACKROCK HEALTH SCIENCES TE | 506,395 | $7M | 1.6% | ADD 231% |
| 13 | ALXOALX ONCOLOGY HLDGS INC | 3,173,834 | $6M | 1.4% | ADD 25% |
| 14 | BRSPBRIGHTSPIRE CAPITAL INC | 1,015,903 | $6M | 1.3% | HOLD |
| 15 | DSMBNY MELLON STRATEGIC MUN BD | 926,301 | $6M | 1.3% | HOLD |
| 16 | XCMUXMFS HIGH YIELD MUN TR | 1,497,718 | $5M | 1.2% | HOLD |
| 17 | XPCQXPIMCO CALIF MUN INCOME FD | 617,015 | $5M | 1.2% | TRIM −4% |
| 18 | ELMEWASHINGTON REAL ESTATE INVT | 2,607,372 | $5M | 1.2% | ADD 158% |
| 19 | MONROE CAP CORP | 1,277,717 | $5M | 1.2% | ADD 28% |
| 20 | ANTXAN2 THERAPEUTICS INC | 1,479,129 | $5M | 1.1% | HOLD |
| 21 | XCXEXMFS HIGH INCOME MUN TR | 1,266,853 | $5M | 1.1% | ADD 6% |
| 22 | MEGINYLI CBRE GBL INFR MEGTRNDS | 316,133 | $5M | 1.0% | ADD 413% |
| 23 | JOFJAPAN SMALLER CAPITALIZATION | 402,956 | $4M | 1.0% | TRIM −8% |
| 24 | CCAPCRESCENT CAP BDC INC | 356,905 | $4M | 1.0% | TRIM −20% |
| 25 | DTFDTF TAX-FREE INCOME 2028 TER | 355,089 | $4M | 0.9% | HOLD |
| 26 | MXFMEXICO FD INC | 183,505 | $4M | 0.9% | HOLD |
| 27 | FCTFIRST TR SR FLTG RATE INCOME | 382,863 | $4M | 0.8% | ADD 335% |
| 28 | GLOCLOUGH GLOBAL OPPORTUNITIES | 660,796 | $4M | 0.8% | TRIM −16% |
| 29 | XCXHXMFS INVT GRADE MUN TR | 454,829 | $4M | 0.8% | HOLD |
| 30 | FSSLFS SPECIALTY LENDING FD | 268,810 | $3M | 0.8% | TRIM −66% |
| 31 | PNIPIMCO NEW YORK MUN FD II | 488,740 | $3M | 0.8% | NEW |
| 32 | CLMCORNERSTONE STRATEGIC INVEST | 442,014 | $3M | 0.7% | NEW |
| 33 | MSGSMADISON SQUARE GRDN SPRT COR | 9,925 | $3M | 0.7% | HOLD |
| 34 | CEECENTRAL & EASTERN EUROPE FD | 173,254 | $3M | 0.7% | HOLD |
| 35 | JFRNUVEEN FLOATING RATE INCOME | 411,628 | $3M | 0.7% | ADD 249% |
| 36 | EBFENNIS INC | 138,956 | $3M | 0.7% | HOLD |
| 37 | SABASABA CAPITAL INCOME & OPPORT | 347,826 | $3M | 0.7% | ADD 442% |
| 38 | SDHYPGIM SHORT DUR HIG YLD OPP F | 178,921 | $3M | 0.6% | ADD 608% |
| 39 | LADRLADDER CAP CORP | 290,477 | $3M | 0.6% | ADD 53% |
| 40 | TRTXTPG RE FIN TR INC | 327,832 | $3M | 0.6% | NEW |
| 41 | XGLQXCLOUGH GLOBAL EQUITY FD | 330,954 | $2M | 0.6% | ADD 2% |
| 42 | AFBALLIANCEBERNSTEIN NATL MUN I | 214,282 | $2M | 0.5% | HOLD |
| 43 | FTHYFIRST TR HIGH YIELD OPPRT 20 | 166,264 | $2M | 0.5% | ADD 201% |
| 44 | MYPSPLAYSTUDIOS INC | 4,704,534 | $2M | 0.5% | ADD 16% |
| 45 | USALIBERTY ALL STAR EQUITY FD | 395,485 | $2M | 0.5% | TRIM −51% |
| 46 | STEWSRH TOTAL RETURN FUND INC | 116,755 | $2M | 0.5% | ADD 307% |
| 47 | DMBBNY MELLON MUN BD INFRASTRUC | 182,924 | $2M | 0.4% | HOLD |
| 48 | TRCTEJON RANCH CO | 94,997 | $2M | 0.4% | HOLD |
| 49 | ANROALTO NEUROSCIENCE INC | 78,520 | $2M | 0.4% | HOLD |
| 50 | RLYBRALLYBIO CORP | 191,206 | $2M | 0.4% | NEW |
| 51 | FLGTFULGENT GENETICS INC | 104,797 | $2M | 0.4% | ADD 467% |
| 52 | BGBBLACKSTONE STRATEGIC CRED 20 | 144,834 | $2M | 0.4% | NEW |
| 53 | MFICMIDCAP FINANCIAL INVSTMNT CO | 140,477 | $2M | 0.4% | ADD 4% |
| 54 | ZNTLZENTALIS PHARMACEUTICALS INC | 610,073 | $1M | 0.3% | HOLD |
| 55 | XSSPXNUVEEN S&P 500 DYNAMIC OVERW | 88,552 | $1M | 0.3% | NEW |
| 56 | BANXARROWMARK FINANCIAL CORP | 73,252 | $1M | 0.3% | NEW |
| 57 | JRINUVEEN REAL ASSET INCOME & G | 110,414 | $1M | 0.3% | NEW |
| 58 | LEOBNY MELLON STRATEGIC MUNS IN | 197,096 | $1M | 0.3% | HOLD |
| 59 | MFAMFA FINL INC | 128,086 | $1M | 0.3% | HOLD |
| 60 | STWDSTARWOOD PPTY TR INC | 71,000 | $1M | 0.3% | HOLD |
| 61 | TWNTAIWAN FD INC | 18,570 | $1M | 0.3% | NEW |
| 62 | FSKFS KKR CAP CORP | 111,600 | $1M | 0.3% | ADD 5% |
| 63 | UTFCOHEN & STEERS INFRASTRUCTUR | 38,562 | $997,985 | 0.2% | HOLD |
| 64 | CABACABALETTA BIO INC | 337,391 | $907,582 | 0.2% | TRIM −13% |
| 65 | NCDLNUVEEN CHURCHILL DIRECT LEND | 70,160 | $892,435 | 0.2% | HOLD |
| 66 | NPCTNUVEEN CORE PLUS IMPACT FUND | 85,383 | $870,053 | 0.2% | TRIM −58% |
| 67 | FBRTFRANKLIN BSP RLTY TR INC | 99,054 | $840,968 | 0.2% | NEW |
| 68 | SBETSHARPLINK GAMING INC | 124,283 | $801,625 | 0.2% | HOLD |
| 69 | EICEAGLE POINT INCOME COMPANY I | 80,547 | $760,364 | 0.2% | HOLD |
| 70 | HPPHUDSON PAC PPTYS INC | 124,398 | $735,192 | 0.2% | ADD 27% |
| 71 | ASGLIBERTY ALL-STAR GROWTH FD I | 137,985 | $655,429 | 0.1% | ADD 25% |
| 72 | NEWTNEWTEKONE INC | 53,570 | $586,592 | 0.1% | HOLD |
| 73 | BSLBLACKSTONE SENI FLTN RAT 202 | 44,471 | $575,899 | 0.1% | NEW |
| 74 | XEFRXEATON VANCE SR FLTNG RTE TR | 49,782 | $524,702 | 0.1% | ADD 73% |
| 75 | WDWALKER & DUNLOP INC | 11,600 | $514,808 | 0.1% | HOLD |
| 76 | CCIFCARLYLE CREDIT INCOME FUND | 157,685 | $506,169 | 0.1% | HOLD |
| 77 | CVCOCAVCO INDS INC DEL | 992 | $480,416 | 0.1% | HOLD |
| 78 | SPYSTATE STR SPDR S&P 500 ETF T | 725 | $471,497 | 0.1% | NEW |
| 79 | CGBDCARLYLE SECURED LENDING INC | 42,885 | $469,162 | 0.1% | HOLD |
| 80 | XWIAXWESTERN ASST INFLTN LKD INM | 56,732 | $458,395 | 0.1% | TRIM −22% |
| 81 | GSBDGOLDMAN SACHS BDC INC | 50,000 | $444,000 | 0.1% | HOLD |
| 82 | PCFHIGH INCOME SECS FD | 77,807 | $429,495 | 0.1% | NEW |
| 83 | WHEELER REAL ESTATE INVT TR | 5,271 | $421,680 | 0.1% | HOLD |
| 84 | SKYCHAMPION HOMES INC | 5,000 | $371,850 | 0.1% | HOLD |
| 85 | DMADESTRA MULTI-ALTERNATIVE FD | 45,193 | $366,515 | 0.1% | NEW |
| 86 | CIMCHIMERA INVT CORP | 29,177 | $366,171 | 0.1% | HOLD |
| 87 | GDOGGRAYSCALE DOGECOIN TR ETF | 33,254 | $359,476 | 0.1% | NEW |
| 88 | NMFCNEW MTN FIN CORP | 45,000 | $349,200 | 0.1% | HOLD |
| 89 | TLPHTALPHERA INC | 467,152 | $348,916 | 0.1% | NEW |
| 90 | DPGDUFF & PHELPS UTLITY AND INF | 22,565 | $325,839 | 0.1% | NEW |
| 91 | TCPCBLACKROCK TCP CAPITAL CORP | 85,000 | $306,850 | 0.1% | HOLD |
| 92 | MSDLMORGAN STANLEY DIRECT LENDIN | 20,000 | $279,200 | 0.1% | HOLD |
| 93 | SWZTOTAL RETURN SECURITIES FUND | 46,454 | $275,472 | 0.1% | ADD 26% |
| 94 | NXGNXG NEXTGEN INFRASTR INCM FD | 5,000 | $274,650 | 0.1% | NEW |
| 95 | BGXBLACKSTONE LONG SHORT CR INC | 25,085 | $273,427 | 0.1% | NEW |
| 96 | OPPRIVERNORTH DOUBLELINE STRATE | 33,963 | $260,496 | 0.1% | HOLD |
| 97 | GBDCGOLUB CAP BDC INC | 20,000 | $253,200 | 0.1% | HOLD |
| 98 | ACREARES COML REAL ESTATE CORP | 50,997 | $244,786 | 0.1% | NEW |
| 99 | BITBLACKROCK MULTI SECTOR INC T | 19,543 | $244,678 | 0.1% | HOLD |
| 100 | HQLABRDN LIFE SCIENCES INVESTOR | 14,875 | $242,016 | 0.1% | TRIM −23% |
| 101 | FRMMETHZILLA CORPORATION | 80,408 | $232,379 | 0.1% | HOLD |
| 102 | EVFEATON VANCE SR INCOME TR | 42,924 | $214,191 | 0.0% | ADD 193% |
| 103 | XCIFXMFS INTER HIGH INCOME FD | 127,491 | $206,523 | 0.0% | NEW |
| 104 | DHFBNY MELLON HIGH YIELD STRATE | 79,265 | $193,407 | 0.0% | NEW |
| 105 | BCSFBAIN CAP SPECIALTY FIN INC | 15,000 | $186,000 | 0.0% | HOLD |
| 106 | ECATBLACKROCK ESG CAP ALLC TERM | 11,406 | $154,893 | 0.0% | NEW |
| 107 | NBXGNEUBERGER NEXT GENERATION | 10,457 | $134,582 | 0.0% | NEW |
| 108 | MUCBLACKROCK MUNIHLDNGS CALI QL | 11,900 | $123,760 | 0.0% | NEW |
| 109 | ETWEATON VANCE TAX-MANAGED GLOB | 13,772 | $120,918 | 0.0% | NEW |
| 110 | GLVCLOUGH GLOBAL DIVID & INCOME | 19,278 | $114,126 | 0.0% | HOLD |
| 111 | CHWCALAMOS GBL DYN INCOME FUND | 10,266 | $74,531 | 0.0% | NEW |
| 112 | GPMTGRANITE PT MTG TR INC | 14,992 | $21,738 | 0.0% | NEW |
| 113 | BUI-RBLACKROCK UTILS INFRASTRUCTURE & PWR OPPORTUNITIES TR RT FOR COM SHS BEN INT EXP 04/02/26 | 640,153 | $5,121 | 0.0% | NEW |
| 114 | GAB-RGABELLI EQUITY TR INC RIGHTS | 270,720 | $1,895 | 0.0% | NEW |
| 115 | NHS-RNEUBERGER HIGH YIELD ST FD I | 110,000 | $880 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FBTCFIDELITY WISE ORIGIN BITCOIN | 1.7M | 1.7M | 1.6M | 3.2M | 1.5M | 1.5M | $91M |
| BTTBLACKROCK MUN TARGET TERM TR | 1.5M | 1.6M | 1.6M | 3.1M | 1.5M | 1.5M | $34M |
| ASAASA GOLD AND PRECIOUS MTLS L | — | — | — | 671K | 382K | 526K | $33M |
| AMLXAMYLYX PHARMACEUTICALS INC | 2.0M | 2.1M | 2.1M | 4.2M | 2.1M | 2.1M | $30M |
| DSGNDESIGN THERAPEUTICS INC | 1.3M | 1.5M | 1.5M | 3.1M | 1.5M | 1.5M | $16M |
| XNQPXNUVEEN PENNSYLVANIA QLT MUN | 823K | 784K | 711K | 756K | 369K | 1.1M | $13M |
| PDXPIMCO DYNAMIC INCOME STRATEG | — | — | — | — | 151K | 541K | $12M |
| LYELLYELL IMMUNOPHARMA INC | — | — | 580K | 1.2M | 578K | 578K | $12M |
| BIOBIO RAD LABS INC | — | — | — | — | — | 30K | $8M |
| CNNECANNAE HLDGS INC | — | 144K | 321K | 1.1M | 412K | 741K | $8M |
| CRFCORNERSTONE TOTAL RETURN FD | — | — | 831K | — | 86K | 1.1M | $8M |
| BMEZBLACKROCK HEALTH SCIENCES TE | 1.3M | 205K | — | — | 153K | 506K | $7M |
| ALXOALX ONCOLOGY HLDGS INC | 1.2M | 1.4M | 2.5M | 5.1M | 2.5M | 3.2M | $6M |
| BRSPBRIGHTSPIRE CAPITAL INC | 356K | 478K | 1.0M | 2.1M | 1.0M | 1.0M | $6M |
| DSMBNY MELLON STRATEGIC MUN BD | 625K | 851K | 851K | 1.7M | 926K | 926K | $6M |
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.
