CIK 1604867
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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.32% | 3 |
| Oil, Gas & Consumable Fuels | 12.30% | 1 |
| Health Care Providers & Services | 8.27% | 1 |
| Media & Publishing | 8.02% | 1 |
| Commercial Services & Supplies | 7.61% | 3 |
| Chemicals | 7.26% | 1 |
| Software & IT Services | 6.91% | 1 |
| Food & Staples Retailing | 5.66% | 1 |
| Banks | 5.30% | 2 |
| Insurance | 5.27% | 1 |
| Specialty Retail | 5.13% | 1 |
| Health Care Equipment & Supplies | 3.73% | 2 |
| Entertainment | 2.75% | 1 |
| Metals & Mining | 2.49% | 1 |
| Paper & Forest Products | 0.65% | 1 |
| Food Products | 0.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EPSN | Epsilon Energy Ltd. | Energy | 12.30% |
| 2 | FENC | FENNEC PHARMACEUTICALS INC. | Health Care | 8.78% |
| 3 | SNDA | SONIDA SENIOR LIVING, INC. | Health Care | 8.27% |
| 4 | LEE | LEE ENTERPRISES, Inc | Communication Services | 8.02% |
| 5 | ASIX | AdvanSix Inc. | Materials | 7.26% |
| 6 | KD | Kyndryl Holdings, Inc. | Information Technology | 6.91% |
| 7 | ACOG | Alpha Cognition Inc. | Health Care | 6.08% |
| 8 | GO | Grocery Outlet Holding Corp. | Consumer Staples | 5.66% |
| 9 | MOH | MOLINA HEALTHCARE, INC. | Financials | 5.27% |
| 10 | AAP | ADVANCE AUTO PARTS INC | Consumer Discretionary | 5.13% |
22/22 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 97.7%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 44% of book weight classified — the grid is NOT representative of the whole book.
Classified: 44.4% of book weight (11/22 names) · unclassified 55.6%: EPSN, FENC, SNDA, LEE, ACOG, MAIA, SEG, ASTL, NVRI, MODD +1 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 | EPSNEPSILON ENERGY LTD | 3,470,761 | $21M | 12.3% | TRIM −2% |
| 2 | FENCFENNEC PHARMACEUTICALS INC | 2,482,198 | $15M | 8.8% | TRIM −3% |
| 3 | SNDASONIDA SENIOR LIVING INC | 445,879 | $14M | 8.3% | TRIM −2% |
| 4 | LEELEE ENTERPRISES INC | 1,684,486 | $14M | 8.0% | ADD 256% |
| 5 | ASIXADVANSIX INC | 517,029 | $13M | 7.3% | TRIM −16% |
| 6 | KDKYNDRYL HLDGS INC | 915,443 | $12M | 6.9% | ADD 125% |
| 7 | ACOGALPHA COGNITION INC | 1,924,617 | $11M | 6.1% | TRIM −2% |
| 8 | GOGROCERY OUTLET HLDG CORP | 1,395,185 | $10M | 5.7% | ADD 24% |
| 9 | MOHMOLINA HEALTHCARE INC | 68,719 | $9M | 5.3% | HOLD |
| 10 | AAPADVANCE AUTO PARTS INC | 169,163 | $9M | 5.1% | TRIM −12% |
| 11 | NSPINSPERITY INC | 251,852 | $7M | 3.9% | ADD 38% |
| 12 | MAIAMAIA BIOTECHNOLOGY INC | 4,297,004 | $6M | 3.5% | NEW |
| 13 | SNWVSANUWAVE HEALTH INC | 287,514 | $5M | 2.9% | TRIM −2% |
| 14 | SEGSEAPORT ENTMT GROUP INC | 222,918 | $5M | 2.8% | TRIM −2% |
| 15 | EEFTEURONET WORLDWIDE INC | 71,988 | $5M | 2.7% | TRIM −2% |
| 16 | BURBURFORD CAP LTD | 980,944 | $4M | 2.6% | NEW |
| 17 | ASTLALGOMA STL GROUP INC | 1,047,454 | $4M | 2.5% | TRIM −2% |
| 18 | NVRIENVIRI CORP | 201,205 | $4M | 2.3% | NEW |
| 19 | ALITALIGHT INC | 4,253,822 | $2M | 1.4% | NEW |
| 20 | MODDMODULAR MED INC | 288,095 | $2M | 0.9% | NEW |
| 21 | MERCMERCER INTL INC | 790,338 | $1M | 0.6% | TRIM −51% |
| 22 | HAINHAIN CELESTIAL GROUP INC | 856,064 | $597,361 | 0.3% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EPSNEPSILON ENERGY LTD | 3.8M | 3.8M | 3.7M | 3.6M | 3.5M | 3.5M | $21M |
| FENCFENNEC PHARMACEUTICALS INC | 2.3M | 2.3M | 2.2M | 2.2M | 2.6M | 2.5M | $15M |
| SNDASONIDA SENIOR LIVING INC | 509K | 520K | 475K | 468K | 456K | 446K | $14M |
| LEELEE ENTERPRISES INC | 482K | 482K | 473K | 473K | 473K | 1.7M | $14M |
| ASIXADVANSIX INC | — | — | 449K | 521K | 615K | 517K | $13M |
| KDKYNDRYL HLDGS INC | 27K | 22K | — | — | 408K | 915K | $12M |
| ACOGALPHA COGNITION INC | 1.4M | 1.4M | 1.3M | 1.3M | 2.0M | 1.9M | $11M |
| GOGROCERY OUTLET HLDG CORP | — | 983K | 980K | 676K | 1.1M | 1.4M | $10M |
| MOHMOLINA HEALTHCARE INC | — | — | — | 57K | 68K | 69K | $9M |
| AAPADVANCE AUTO PARTS INC | 235K | 283K | 214K | 147K | 193K | 169K | $9M |
| NSPINSPERITY INC | — | — | — | — | 182K | 252K | $7M |
| MAIAMAIA BIOTECHNOLOGY INC | — | — | — | — | — | 4.3M | $6M |
| SNWVSANUWAVE HEALTH INC | — | 584K | 297K | 201K | 294K | 288K | $5M |
| SEGSEAPORT ENTMT GROUP INC | — | — | — | 232K | 228K | 223K | $5M |
| EEFTEURONET WORLDWIDE INC | — | — | — | — | 73K | 72K | $5M |
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.
