CIK 1625279
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 | 31.03% | 1 |
| Metals & Mining | 27.78% | 6 |
| Oil, Gas & Consumable Fuels | 9.06% | 3 |
| Automobiles & Components | 6.88% | 3 |
| Construction Materials | 6.44% | 2 |
| Commercial Services & Supplies | 6.21% | 2 |
| Construction & Engineering | 4.30% | 2 |
| Insurance | 2.58% | 1 |
| Household Durables | 2.29% | 1 |
| Textiles, Apparel & Luxury Goods | 1.40% | 1 |
| Distributors | 1.21% | 1 |
| Technology Hardware & Equipment | 0.82% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 31.03% |
| 2 | URG | UR-ENERGY INC | Materials | 9.08% |
| 3 | DNN | DENISON MINES CORP. | Materials | 4.62% |
| 4 | MAN | ManpowerGroup Inc. | Industrials | 4.46% |
| 5 | MTRX | MATRIX SERVICE CO | Industrials | 4.20% |
| 6 | EU | enCore Energy Corp. | Materials | 4.09% |
| 7 | GPOR | GULFPORT ENERGY CORP | Energy | 3.99% |
| 8 | MTUS | Metallus Inc. | Materials | 3.98% |
| 9 | NXE | NexGen Energy Ltd. | Materials | 3.55% |
| 10 | IPI | Intrepid Potash, Inc. | Materials | 3.33% |
23/24 names classified · sector 69.0% of weight · industry 69.0% · mkt cap 66.5%; 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: 69.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 29% of book weight classified — the grid is NOT representative of the whole book.
Classified: 29.3% of book weight (13/24 names) · unclassified 70.7%: SPY, URG, DNN, MTRX, EU, MTUS, NXE, UUUU, SDRL, CCJ +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 | SPYSTATE STR SPDR S&P 500 ETF T | 106,461 | $69M | 31.0% | HOLD |
| 2 | URGUR-ENERGY INC | 13,604,304 | $20M | 9.1% | TRIM −2% |
| 3 | DNNDENISON MINES CORP | 2,922,967 | $10M | 4.6% | HOLD |
| 4 | MANMANPOWERGROUP INC WIS | 337,613 | $10M | 4.5% | ADD 16% |
| 5 | MTRXMATRIX SVC CO | 817,021 | $9M | 4.2% | ADD 12% |
| 6 | EUENCORE ENERGY CORP | 5,067,708 | $9M | 4.1% | ADD 23% |
| 7 | GPORGULFPORT ENERGY CORP | 42,121 | $9M | 4.0% | ADD 10% |
| 8 | MTUSMETALLUS INC | 543,322 | $9M | 4.0% | ADD 12% |
| 9 | NXENEXGEN ENERGY LTD | 682,943 | $8M | 3.6% | TRIM −37% |
| 10 | IPIINTREPID POTASH INC | 173,654 | $7M | 3.3% | TRIM −41% |
| 11 | UUUUENERGY FUELS INC | 380,528 | $7M | 3.1% | TRIM −9% |
| 12 | SDRLSEADRILL LTD | 136,645 | $6M | 2.8% | NEW |
| 13 | MPAAMOTORCAR PTS AMER INC | 532,869 | $6M | 2.6% | ADD 146% |
| 14 | EIGEMPLOYERS HLDGS INC | 140,180 | $6M | 2.6% | ADD 103% |
| 15 | CCJCAMECO CORP | 50,371 | $5M | 2.5% | TRIM −43% |
| 16 | HOFTHOOKER FURNISHINGS CORPORATI | 397,176 | $5M | 2.3% | TRIM −16% |
| 17 | SDSANDRIDGE ENERGY INC | 312,396 | $5M | 2.3% | TRIM −24% |
| 18 | MLRMILLER INDS INC TENN | 110,426 | $5M | 2.3% | ADD 176% |
| 19 | SMPSTANDARD MTR PRODS INC | 127,206 | $4M | 2.0% | TRIM −16% |
| 20 | TBITRUEBLUE INC | 1,001,950 | $4M | 1.8% | HOLD |
| 21 | UFIUNIFI INC | 875,137 | $3M | 1.4% | TRIM −3% |
| 22 | AVTAVNET INC | 43,934 | $3M | 1.2% | NEW |
| 23 | COHUCOHU INC | 59,559 | $2M | 0.8% | TRIM −75% |
| 24 | AGXARGAN INC | 378 | $205,878 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | — | 106K | 106K | 106K | 106K | 106K | $69M |
| URGUR-ENERGY INC | 20.9M | 17.9M | 17.8M | 13.5M | 14.0M | 13.6M | $20M |
| DNNDENISON MINES CORP | 3.3M | 3.1M | 3.1M | 2.9M | 2.9M | 2.9M | $10M |
| MANMANPOWERGROUP INC WIS | — | — | — | 206K | 290K | 338K | $10M |
| MTRXMATRIX SVC CO | 1.2M | 571K | 628K | 635K | 731K | 817K | $9M |
| EUENCORE ENERGY CORP | 5.3M | 5.1M | 3.7M | 4.0M | 4.1M | 5.1M | $9M |
| GPORGULFPORT ENERGY CORP | — | — | 25K | 45K | 38K | 42K | $9M |
| MTUSMETALLUS INC | 664K | 520K | 593K | 567K | 485K | 543K | $9M |
| NXENEXGEN ENERGY LTD | 2.0M | 1.8M | 1.4M | 1.1M | 1.1M | 683K | $8M |
| IPIINTREPID POTASH INC | 657K | 239K | 158K | 260K | 295K | 174K | $7M |
| UUUUENERGY FUELS INC | 912K | 912K | 858K | 596K | 419K | 381K | $7M |
| SDRLSEADRILL LTD | — | — | — | — | — | 137K | $6M |
| MPAAMOTORCAR PTS AMER INC | 1.1M | 635K | 616K | 303K | 216K | 533K | $6M |
| EIGEMPLOYERS HLDGS INC | — | — | — | — | 69K | 140K | $6M |
| CCJCAMECO CORP | 119K | 112K | 97K | 88K | 88K | 50K | $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.
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