CIK 1618376
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 |
|---|---|---|
| Banks | 42.13% | 2 |
| Coal & Consumable Fuels | 19.00% | 2 |
| Real Estate Management & Development | 15.00% | 2 |
| Specialty Retail | 13.46% | 2 |
| Diversified Telecommunication Services | 4.52% | 1 |
| Utilities | 3.58% | 1 |
| Unclassified | 1.70% | 1 |
| Construction & Engineering | 0.60% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NNI | NELNET INC | Financials | 40.04% |
| 2 | BOC | BOSTON OMAHA Corp | Real Estate | 12.15% |
| 3 | CNR | Core Natural Resources, Inc. | Energy | 11.74% |
| 4 | ABG | ASBURY AUTOMOTIVE GROUP INC | Consumer Discretionary | 10.47% |
| 5 | ARLP | ALLIANCE RESOURCE PARTNERS LP | Energy | 7.26% |
| 6 | CCOI | COGENT COMMUNICATIONS HOLDINGS, INC. | Communication Services | 4.52% |
| 7 | PCYO | PURE CYCLE CORP | Utilities | 3.58% |
| 8 | CRMT | AMERICAS CARMART INC | Consumer Discretionary | 2.99% |
| 9 | RMAX | RE/MAX Holdings, Inc. | Real Estate | 2.86% |
| 10 | OMCC | OLD MARKET CAPITAL Corp | Financials | 2.09% |
11/12 names classified · sector 98.3% of weight · industry 98.3% · mkt cap 98.3%; 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: 98.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 76.8% of book weight (8/12 names) · unclassified 23.2%: BOC, ARLP, OMCC, LEN.B. 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 | NNINELNET INC | 1,668,976 | $215M | 40.0% | HOLD |
| 2 | BOCBOSTON OMAHA CORP | 5,589,253 | $65M | 12.1% | HOLD |
| 3 | CNRCORE NATURAL RESOURCES INC | 602,500 | $63M | 11.7% | TRIM −10% |
| 4 | ABGASBURY AUTOMOTIVE GROUP INC | 288,004 | $56M | 10.5% | ADD 3% |
| 5 | ARLPALLIANCE RESOURCE PARTNERS L | 1,411,260 | $39M | 7.3% | TRIM −45% |
| 6 | CCOICOGENT COMMUNICATIONS HLDGS | 1,290,204 | $24M | 4.5% | ADD 4% |
| 7 | PCYOPURE CYCLE CORP | 1,914,559 | $19M | 3.6% | TRIM −5% |
| 8 | CRMTAMERICAS CAR-MART INC | 1,260,690 | $16M | 3.0% | HOLD |
| 9 | RMAXRE MAX HLDGS INC | 2,665,643 | $15M | 2.9% | TRIM −7% |
| 10 | OMCCOLD MKT CAP CORP | 2,515,902 | $11M | 2.1% | HOLD |
| 11 | LEN.BLENNAR CORP | 108,750 | $9M | 1.7% | ADD 53% |
| 12 | NVRNVR INC | 490 | $3M | 0.6% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NNINELNET INC | 1.9M | 1.9M | 1.7M | 1.7M | 1.7M | 1.7M | $215M |
| BOCBOSTON OMAHA CORP | 5.6M | 5.6M | 5.6M | 5.6M | 5.6M | 5.6M | $65M |
| CNRCORE NATURAL RESOURCES INC | — | 297K | 715K | 732K | 670K | 603K | $63M |
| ABGASBURY AUTOMOTIVE GROUP INC | 149K | 225K | 238K | 283K | 279K | 288K | $56M |
| ARLPALLIANCE RESOURCE PARTNERS L | 3.4M | 3.3M | 2.6M | 2.6M | 2.6M | 1.4M | $39M |
| CCOICOGENT COMMUNICATIONS HLDGS | — | — | 1.1M | 1.3M | 1.2M | 1.3M | $24M |
| PCYOPURE CYCLE CORP | 2.1M | 2.1M | 2.1M | 2.1M | 2.0M | 1.9M | $19M |
| CRMTAMERICAS CAR-MART INC | 1.6M | 1.6M | 1.4M | 1.3M | 1.3M | 1.3M | $16M |
| RMAXRE MAX HLDGS INC | 3.2M | 3.2M | 3.2M | 2.9M | 2.9M | 2.7M | $15M |
| OMCCOLD MKT CAP CORP | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | $11M |
| LEN/BLENNAR CORP | — | — | — | — | 71K | 109K | $9M |
| NVRNVR INC | — | — | — | — | — | 490 | $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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