CIK 1628121
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q3. 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 | 48.43% | 13 |
| Equity Real Estate Investment Trusts (REITs) | 15.53% | 4 |
| Specialty Retail | 8.45% | 1 |
| Utilities | 7.94% | 1 |
| Food & Staples Retailing | 7.09% | 1 |
| Airlines | 5.32% | 2 |
| Diversified Consumer Services | 4.02% | 1 |
| Health Care Providers & Services | 1.71% | 1 |
| Oil, Gas & Consumable Fuels | 1.50% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | M | Macy's, Inc. | Consumer Discretionary | 8.45% |
| 2 | CQP | Cheniere Energy Partners, L.P. | Utilities | 7.94% |
| 3 | CVS | CVS HEALTH Corp | Consumer Staples | 7.09% |
| 4 | VTR | Ventas, Inc. | Real Estate | 6.96% |
| 5 | BIOMED REALTY TRUST COM | Unclassified | 5.40% | |
| 6 | BERRY GLOBAL GROUP I | Unclassified | 5.17% | |
| 7 | Apollo Global Mgmt. LLC | Unclassified | 5.06% | |
| 8 | CHENIERE ENERGY PTNRS LP HLD | Unclassified | 4.70% | |
| 9 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 4.59% |
| 10 | CBS CORP NEW | Unclassified | 4.22% |
12/25 names classified · sector 51.6% of weight · industry 51.6% · mkt cap 50.1%; 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: 51.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 38% of book weight classified — the grid is NOT representative of the whole book.
Classified: 38.0% of book weight (8/14 names) · unclassified 62.0%: , CQP, SLRC, STAG, BKD, SUN. 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 | MMACYS INC | 170,542 | $6M | 8.4% | NEW |
| 2 | CQPCHENIERE ENERGY PARTNERS LP | 215,100 | $6M | 7.9% | TRIM −5% |
| 3 | CVSCVS HEALTH CORP | 51,201 | $5M | 7.1% | TRIM −37% |
| 4 | VTRVENTAS INC | 87,028 | $5M | 7.0% | TRIM −26% |
| 5 | BIOMED REALTY TRUST COM | 160,900 | $4M | 5.4% | TRIM −68% |
| 6 | BERRY GLOBAL GROUP I | 100,937 | $4M | 5.2% | TRIM −79% |
| 7 | Apollo Global Mgmt. LLC | 235,384 | $4M | 5.1% | TRIM −43% |
| 8 | CHENIERE ENERGY PTNRS LP HLD | 190,912 | $3M | 4.7% | TRIM −65% |
| 9 | SPGSIMON PPTY GROUP INC NEW | 16,670 | $3M | 4.6% | TRIM −49% |
| 10 | CBS CORP NEW | 63,195 | $3M | 4.2% | NEW |
| 11 | SCISERVICE CORP INTL | 109,224 | $3M | 4.0% | TRIM −39% |
| 12 | CYRUSONE INC | 73,664 | $3M | 3.9% | TRIM −16% |
| 13 | SLRCSLR INVESTMENT CORP | 162,760 | $3M | 3.8% | TRIM −61% |
| 14 | HILTON WORLDWIDE HLDGS INC | 115,196 | $2M | 3.5% | TRIM −40% |
| 15 | LABORATORY CORP AMER HLDGS | 19,341 | $2M | 3.4% | NEW |
| 16 | DELPHI AUTOMOTIVE PLC | 27,843 | $2M | 3.4% | TRIM −24% |
| 17 | UALUNITED AIRLS HLDGS INC | 39,606 | $2M | 3.2% | TRIM −57% |
| 18 | CAPITAL SR LIVING CORP | 104,517 | $2M | 3.1% | NEW |
| 19 | STAGSTAG INDL INC | 93,631 | $2M | 2.4% | TRIM −72% |
| 20 | DALDELTA AIR LINES INC | 29,378 | $1M | 2.1% | TRIM −62% |
| 21 | BKDBROOKDALE SR LIVING INC | 65,258 | $1M | 1.7% | TRIM −86% |
| 22 | EXTENDED STAY AMERICA INC | 71,790 | $1M | 1.6% | NEW |
| 23 | HSTHOST HOTELS & RESORTS INC | 70,578 | $1M | 1.5% | TRIM −79% |
| 24 | SUNSUNOCO LP/SUNOCO FIN CORP | 26,784 | $1M | 1.5% | NEW |
| 25 | STARWOOD HOTELS&RESORTS WRLD | 12,380 | $858,000 | 1.2% | NEW |
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