CIK 1633625
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 | 57.32% | 47 |
| Pharmaceuticals & Biotechnology | 10.65% | 2 |
| Paper & Forest Products | 7.90% | 1 |
| Machinery | 6.78% | 2 |
| Oil, Gas & Consumable Fuels | 4.36% | 1 |
| Entertainment | 3.48% | 1 |
| Metals & Mining | 3.04% | 2 |
| Electrical Equipment & Components | 2.45% | 2 |
| Semiconductors & Semiconductor Equipment | 2.23% | 1 |
| Distributors | 0.84% | 1 |
| Technology Hardware & Equipment | 0.30% | 1 |
| Chemicals | 0.27% | 1 |
| Commercial Services & Supplies | 0.24% | 1 |
| Health Care Equipment & Supplies | 0.12% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.01% | 1 |
| Automobiles & Components | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AMGN | AMGEN INC | Health Care | 10.51% |
| 2 | NTPIF | NAM TAI PROPERTY INC | Unclassified | 9.66% |
| 3 | NAM TAI G63907-10-2 PRIVATE | Unclassified | 8.93% | |
| 4 | SRL | SCULLY ROYALTY LTD | Unclassified | 8.63% |
| 5 | MERC | MERCER INTERNATIONAL INC. | Materials | 7.90% |
| 6 | HLIO | HELIOS TECHNOLOGIES, INC. | Industrials | 6.27% |
| 7 | XOM | EXXON MOBIL CORP | Energy | 4.36% |
| 8 | ARGONAUT GROUP STATUTORY TR - CALL | Unclassified | 3.88% | |
| 9 | MTN | VAIL RESORTS INC | Communication Services | 3.48% |
| 10 | GLW | CORNING INC /NY | Materials | 3.04% |
19/66 names classified · sector 42.7% of weight · industry 42.7% · mkt cap 42.7%; 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: 42.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 43% of book weight classified — the grid is NOT representative of the whole book.
Classified: 42.7% of book weight (19/25 names) · unclassified 57.3%: , NTPIF, SRL, PHIG, BRK.A, CRSXQ. 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 | AMGNAMGEN INC | 92,500 | $33M | 10.5% | HOLD |
| 2 | NTPIFNAM TAI PROPERTY INC | 5,774,800 | $30M | 9.7% | HOLD |
| 3 | NAM TAI G63907-10-2 PRIVATE | 5,336,452 | $28M | 8.9% | HOLD |
| 4 | SRLSCULLY ROYALTY LTD | 3,416,664 | $27M | 8.6% | HOLD |
| 5 | MERCMERCER INTL INC | 17,220,000 | $24M | 7.9% | HOLD |
| 6 | HLIOHELIOS TECHNOLOGIES INC | 300,000 | $19M | 6.3% | HOLD |
| 7 | XOMEXXON MOBIL CORP | 79,600 | $14M | 4.4% | HOLD |
| 8 | ARGONAUT GROUP STATUTORY TR - CALL | 12,000 | $12M | 3.9% | HOLD |
| 9 | MTNVAIL RESORTS INC | 84,000 | $11M | 3.5% | HOLD |
| 10 | GLWCORNING INC | 368,350 | $9M | 3.0% | HOLD |
| 11 | DELPHI FINANCIAL GROUP - CALLABLE | 328,790 | $8M | 2.5% | HOLD |
| 12 | AMDADVANCED MICRO DEVICES INC | 33,936 | $7M | 2.2% | HOLD |
| 13 | TENNESSEE VALLEY AUTHORITY | 260,000 | $6M | 2.0% | HOLD |
| 14 | WINTRUST FINANCIAL CORP-CALL | 240,000 | $6M | 2.0% | ADD 9% |
| 15 | ALGONQUIN POWER & UTILITIES CORP | 200,000 | $5M | 1.7% | HOLD |
| 16 | XCEL ENERGY INC-CALLABLE | 200,000 | $5M | 1.6% | ADD 150% |
| 17 | GEGE AEROSPACE | 15,125 | $4M | 1.4% | HOLD |
| 18 | KKR & CO INC | 180,000 | $4M | 1.3% | HOLD |
| 19 | GEVGE VERNOVA INC | 3,780 | $3M | 1.1% | HOLD |
| 20 | WESBANCO INC - CALLABLE | 130,000 | $3M | 1.1% | HOLD |
| 21 | TVA VAR 06/01/ 2 134 PFD DUE 06/01/28SUBJ TO XTRO REDEMPTION | 120,000 | $3M | 0.9% | HOLD |
| 22 | EAGLE POINT CREDIT CO-CALLABLE | 120,000 | $3M | 0.9% | HOLD |
| 23 | TELTE CONNECTIVITY PLC | 12,500 | $3M | 0.8% | HOLD |
| 24 | OXFORD LANE CAP CORP | 100,000 | $2M | 0.8% | HOLD |
| 25 | F&G ANNUITIES & LIFE INC - CALLABL | 120,000 | $2M | 0.8% | HOLD |
| 26 | B RILEY FINANCIAL INC - CALLABLE | 140,000 | $2M | 0.8% | HOLD |
| 27 | PARTNERRE LTD - CALLABLE | 120,000 | $2M | 0.7% | HOLD |
| 28 | OXFORD LANE CAP CORP | 80,000 | $2M | 0.7% | HOLD |
| 29 | RAMCO RES INC-CALLABLE | 80,000 | $2M | 0.6% | HOLD |
| 30 | TRITON INTL LTD-CALLABLE | 80,000 | $2M | 0.6% | HOLD |
| 31 | NEWTEKONE INC-CALLABLE | 80,000 | $2M | 0.6% | HOLD |
| 32 | TANSCANADA PIPELINE STR | 80,000 | $2M | 0.6% | HOLD |
| 33 | ASPEN INSURANCE HOLDINGS-CALL | 80,000 | $2M | 0.6% | HOLD |
| 34 | COREBRIDGE FINL INC-CALLABLE | 80,000 | $2M | 0.6% | HOLD |
| 35 | AFFILIATED MANAGERS GROUP INC-CALL | 80,000 | $2M | 0.6% | HOLD |
| 36 | JCIJOHNSON CONTROLS INTERNATION | 11,937 | $2M | 0.5% | HOLD |
| 37 | AXIS CAPITAL HOLDINGS-CALLABLE | 70,000 | $1M | 0.4% | HOLD |
| 38 | PHIGPHI GROUP INC | 39,712 | $1M | 0.4% | HOLD |
| 39 | US BANCORP -CALLABLE | 60,000 | $1M | 0.3% | HOLD |
| 40 | BANK OZK | 60,000 | $964,200 | 0.3% | HOLD |
| 41 | SPBSPECTRUM BRANDS HLDGS INC NE | 12,799 | $943,286 | 0.3% | HOLD |
| 42 | AMERICAN FINL GROUP INC OHIO-CALL | 50,000 | $902,000 | 0.3% | HOLD |
| 43 | CUSTOMERS BANCORP INC | 40,000 | $900,000 | 0.3% | HOLD |
| 44 | PGPROCTER AND GAMBLE CO | 5,700 | $823,308 | 0.3% | HOLD |
| 45 | GLOBE LIFE INC - CALLABLE | 50,000 | $769,000 | 0.2% | HOLD |
| 46 | UBERUBER TECHNOLOGIES INC | 10,500 | $755,265 | 0.2% | NEW |
| 47 | HUDSON PACIFIC PROPERTIES INC-CALL | 55,000 | $727,100 | 0.2% | HOLD |
| 48 | BRK.ABERKSHIRE HATHAWAY INC DEL | 1 | $718,140 | 0.2% | HOLD |
| 49 | ARCH CAPITAL GROUP LTD | 40,000 | $663,400 | 0.2% | HOLD |
| 50 | FIFTH THIRD BANCORP-CALLABLE | 20,000 | $523,000 | 0.2% | NEW |
| 51 | ATLANTICUS HOLDINS CORP - CALL | 20,000 | $500,200 | 0.2% | HOLD |
| 52 | AMERICAN FINANCIAL GR INC OH-CALL | 30,000 | $486,600 | 0.2% | HOLD |
| 53 | BROOKFIELD BRP HLDGS INC-CALLABLE | 20,000 | $483,600 | 0.2% | HOLD |
| 54 | PROSPECT CAP CORP | 30,000 | $480,000 | 0.2% | HOLD |
| 55 | SCE TR VIII-CALLABLE | 20,000 | $473,600 | 0.2% | HOLD |
| 56 | ABBVABBVIE INC | 1,948 | $423,671 | 0.1% | HOLD |
| 57 | READY CAPITAL CORP | 20,000 | $379,000 | 0.1% | HOLD |
| 58 | GEHCGE HEALTHCARE TECHNOLOGIES I | 5,040 | $358,747 | 0.1% | HOLD |
| 59 | SLM CORP PFD SERIES B | 4,500 | $334,260 | 0.1% | HOLD |
| 60 | RIGHTS PRESURANCE HOLD-CONIFER | 250,000 | $127,400 | 0.0% | NEW |
| 61 | CBLCBL & ASSOC PPTYS INC | 658 | $25,287 | 0.0% | HOLD |
| 62 | ADNTADIENT PLC | 1,193 | $24,111 | 0.0% | HOLD |
| 63 | OFFICE PPTYS INCOME TR | 40,000 | $10,400 | 0.0% | HOLD |
| 64 | KALUKAISER ALUMINUM CORP | 70 | $8,436 | 0.0% | HOLD |
| 65 | SVB FINL TR | 240,000 | $3,600 | 0.0% | HOLD |
| 66 | CRSXQCORSA COAL CORP | 2,226,000 | $2 | 0.0% | HOLD |
| 67 | MYMXMYMETICS CORP | 175 | $0 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AMGNAMGEN INC | 93K | 93K | 93K | 93K | 93K | 93K | $33M |
| NTPIFNAM TAI PROPERTY INC | 5.8M | 5.8M | 5.8M | 5.8M | 5.8M | 5.8M | $30M |
| NAM TAI G63907-10-2 PRIVATE | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | 5.3M | $28M |
| SRLSCULLY ROYALTY LTD | 3.4M | 3.4M | 3.4M | 3.4M | 3.4M | 3.4M | $27M |
| MERCMERCER INTL INC | 16.5M | 16.5M | 16.5M | 16.7M | 17.2M | 17.2M | $24M |
| HLIOHELIOS TECHNOLOGIES INC | 300K | 300K | 300K | 300K | 300K | 300K | $19M |
| XOMEXXON MOBIL CORP | 80K | 80K | 80K | 80K | 80K | 80K | $14M |
| ARGONAUT GROUP STATUTORY TR - CALL | 12K | 12K | 12K | 12K | 12K | 12K | $12M |
| MTNVAIL RESORTS INC | 84K | 84K | 84K | 84K | 84K | 84K | $11M |
| GLWCORNING INC | 367K | 367K | 367K | 368K | 368K | 368K | $9M |
| DELPHI FINANCIAL GROUP - CALLABLE | 329K | 329K | 329K | 329K | 329K | 329K | $8M |
| AMDADVANCED MICRO DEVICES INC | 34K | 34K | 34K | 34K | 34K | 34K | $7M |
| TENNESSEE VALLEY AUTHORITY | 260K | 260K | 260K | 520K | 260K | 260K | $6M |
| WINTRUST FINANCIAL CORP-CALL | — | — | 200K | 200K | 220K | 240K | $6M |
| ALGONQUIN POWER & UTILITIES CORP | 20K | — | 200K | 200K | 200K | 200K | $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.
