CIK 1643569
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 | 23.97% | 6 |
| Airlines | 18.46% | 2 |
| Utilities | 14.74% | 3 |
| Construction & Engineering | 12.80% | 1 |
| Distributors | 11.75% | 1 |
| Semiconductors & Semiconductor Equipment | 11.46% | 1 |
| Software & IT Services | 6.70% | 1 |
| Specialty Retail | 0.12% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ECG | Everus Construction Group, Inc. | Industrials | 12.80% |
| 2 | USFD | US Foods Holding Corp. | Consumer Discretionary | 11.75% |
| 3 | VRT | Vertiv Holdings Co | Information Technology | 11.46% |
| 4 | UAL | United Airlines Holdings, Inc. | Industrials | 11.25% |
| 5 | DAL | DELTA AIR LINES, INC. | Industrials | 7.21% |
| 6 | TLN | Talen Energy Corp | Utilities | 6.85% |
| 7 | APLD | Applied Digital Corp. | Information Technology | 6.70% |
| 8 | CLSK | CLEANSPARK, INC. | Financials | 6.25% |
| 9 | RIOT | Riot Platforms, Inc. | Financials | 5.96% |
| 10 | BTDR | Bitdeer Technologies Group | Financials | 5.77% |
16/16 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 94.2%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 62.4% of book weight (7/16 names) · unclassified 37.6%: TLN, APLD, CLSK, RIOT, BTDR, WULF, WYFI, CORZ, LESL. 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 | ECGEVERUS CONSTR GROUP | 197,700 | $23M | 12.8% | HOLD |
| 2 | USFDUS FOODS HLDG CORP | 232,200 | $21M | 11.7% | HOLD |
| 3 | VRTVERTIV HOLDINGS CO | 83,400 | $21M | 11.5% | HOLD |
| 4 | UALUNITED AIRLS HLDGS INC | 222,700 | $21M | 11.2% | TRIM −5% |
| 5 | DALDELTA AIR LINES INC | 197,800 | $13M | 7.2% | TRIM −5% |
| 6 | TLNTALEN ENERGY CORP | 39,100 | $12M | 6.8% | HOLD |
| 7 | APLDAPPLIED DIGITAL CORP | 514,379 | $12M | 6.7% | HOLD |
| 8 | CLSKCLEANSPARK INC | 1,339,798 | $11M | 6.3% | HOLD |
| 9 | RIOTRIOT PLATFORMS INC | 879,182 | $11M | 6.0% | ADD 118% |
| 10 | BTDRBITDEER TECHNOLOGIES GROUP | 1,215,748 | $11M | 5.8% | NEW |
| 11 | VSTVISTRA CORP | 48,481 | $7M | 4.0% | HOLD |
| 12 | WULFTERAWULF INC | 500,000 | $7M | 4.0% | ADD 348% |
| 13 | CEGCONSTELLATION ENERGY CORP | 25,400 | $7M | 3.9% | HOLD |
| 14 | WYFIWHITEFIBER INC | 185,049 | $2M | 1.2% | TRIM −86% |
| 15 | CORZCORE SCIENTIFIC INC NEW | 100,000 | $1M | 0.8% | ADD 3% |
| 16 | LESLLESLIES INC | 191,426 | $214,397 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ECGEVERUS CONSTR GROUP | — | 192K | 211K | 226K | 198K | 198K | $23M |
| USFDUS FOODS HLDG CORP | 295K | 308K | 308K | 252K | 232K | 232K | $21M |
| VRTVERTIV HOLDINGS CO | — | — | 132K | 102K | 83K | 83K | $21M |
| UALUNITED AIRLS HLDGS INC | 203K | — | 137K | 370K | 234K | 223K | $21M |
| DALDELTA AIR LINES INC | 131K | — | 197K | 297K | 208K | 198K | $13M |
| TLNTALEN ENERGY CORP | — | — | 34K | 46K | 39K | 39K | $12M |
| APLDAPPLIED DIGITAL CORP | 5.0M | 4.2M | 569K | 549K | 514K | 514K | $12M |
| CLSKCLEANSPARK INC | — | — | — | — | 1.3M | 1.3M | $11M |
| RIOTRIOT PLATFORMS INC | — | — | — | — | 402K | 879K | $11M |
| BTDRBITDEER TECHNOLOGIES GROUP | 268K | — | — | — | — | 1.2M | $11M |
| VSTVISTRA CORP | — | — | 54K | 59K | 48K | 48K | $7M |
| WULFTERAWULF INC | — | — | — | — | 112K | 500K | $7M |
| CEGCONSTELLATION ENERGY CORP | — | — | 33K | 31K | 25K | 25K | $7M |
| WYFIWHITEFIBER INC | — | — | — | 249K | 1.3M | 185K | $2M |
| CORZCORE SCIENTIFIC INC NEW | — | — | — | — | 97K | 100K | $1M |
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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