CIK 1618234
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-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 | 72.37% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 27.63% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SILVER BAY REALTY TRUST CORP | Unclassified | 52.52% | |
| 2 | RITM | Rithm Capital Corp. | Real Estate | 27.63% |
| 3 | AMERICAN CAPITAL LTD. | Unclassified | 19.85% |
1/3 names classified · sector 27.6% of weight · industry 27.6% · mkt cap 27.6%; 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: 27.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 28% of book weight classified — the grid is NOT representative of the whole book.
Classified: 27.6% of book weight (1/2 names) · unclassified 72.4%: . 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 | SILVER BAY REALTY TRUST CORP | 436,317 | $6M | 52.5% | HOLD |
| 2 | RITMRITHM CAPITAL CORP | 293,100 | $3M | 27.6% | ADD 57% |
| 3 | AMERICAN CAPITAL LTD. | 160,718 | $2M | 19.9% | TRIM −88% |
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