CIK 1650142
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 |
|---|---|---|
| Commercial Services & Supplies | 20.97% | 6 |
| Semiconductors & Semiconductor Equipment | 13.27% | 3 |
| Specialty Retail | 9.56% | 2 |
| Technology Hardware & Equipment | 9.22% | 2 |
| Software | 7.34% | 2 |
| Utilities | 6.30% | 1 |
| Aerospace & Defense | 5.74% | 1 |
| Distributors | 5.25% | 1 |
| Capital Markets | 4.91% | 1 |
| Pharmaceuticals & Biotechnology | 4.48% | 1 |
| Electrical Equipment & Components | 4.31% | 1 |
| Software & IT Services | 4.26% | 1 |
| Textiles, Apparel & Luxury Goods | 3.84% | 1 |
| Unclassified | 0.29% | 1 |
| Banks | 0.08% | 2 |
| Road & Rail | 0.08% | 2 |
| Real Estate Management & Development | 0.07% | 2 |
| Media & Publishing | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TRGP | Targa Resources Corp. | Utilities | 6.30% |
| 2 | WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | 5.74% |
| 3 | MCK | MCKESSON CORP | Consumer Discretionary | 5.25% |
| 4 | WMT | Walmart Inc. | Consumer Discretionary | 5.22% |
| 5 | TT | Trane Technologies plc | Information Technology | 5.13% |
| 6 | AMAT | APPLIED MATERIALS INC /DE | Information Technology | 4.97% |
| 7 | IBKR | Interactive Brokers Group, Inc. | Financials | 4.91% |
| 8 | MA | Mastercard Inc | Financials | 4.56% |
| 9 | AVGO | Broadcom Inc. | Information Technology | 4.53% |
| 10 | LLY | ELI LILLY & Co | Health Care | 4.48% |
30/31 names classified · sector 99.7% of weight · industry 99.7% · mkt cap 99.6%; 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: 99.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 99.5% of book weight (24/31 names) · unclassified 0.5%: SPY, TRI, CM, RY, CP, CNI, BN. 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 | TRGPTARGA RES CORP | 389,655 | $98M | 6.3% | NEW |
| 2 | WABWABTEC | 356,661 | $89M | 5.7% | TRIM −6% |
| 3 | MCKMCKESSON CORP | 94,067 | $81M | 5.2% | TRIM −6% |
| 4 | WMTWALMART INC | 652,030 | $81M | 5.2% | NEW |
| 5 | TTTRANE TECHNOLOGIES PLC | 191,026 | $80M | 5.1% | NEW |
| 6 | AMATAPPLIED MATLS INC | 225,829 | $77M | 5.0% | TRIM −30% |
| 7 | IBKRINTERACTIVE BROKERS GROUP IN | 1,135,210 | $76M | 4.9% | TRIM −6% |
| 8 | MAMASTERCARD INCORPORATED | 141,616 | $71M | 4.6% | TRIM −7% |
| 9 | AVGOBROADCOM INC | 227,097 | $70M | 4.5% | ADD 8% |
| 10 | LLYELI LILLY & CO | 75,612 | $70M | 4.5% | TRIM −6% |
| 11 | VVISA INC | 226,102 | $68M | 4.4% | TRIM −6% |
| 12 | SHWSHERWIN WILLIAMS CO | 210,062 | $67M | 4.3% | TRIM −6% |
| 13 | GEGE AEROSPACE | 235,546 | $67M | 4.3% | TRIM −6% |
| 14 | VRSKVERISK ANALYTICS INC | 348,635 | $66M | 4.3% | NEW |
| 15 | MSCIMSCI INC | 120,209 | $65M | 4.2% | HOLD |
| 16 | TMOTHERMO FISHER SCIENTIFIC INC | 129,062 | $63M | 4.1% | TRIM −6% |
| 17 | MCOMOODYS CORP | 144,288 | $63M | 4.1% | TRIM −7% |
| 18 | INTUINTUIT | 138,884 | $60M | 3.9% | ADD 26% |
| 19 | CTASCINTAS CORP | 352,067 | $60M | 3.8% | TRIM −6% |
| 20 | APHAMPHENOL CORP | 463,289 | $59M | 3.8% | TRIM −24% |
| 21 | ACNACCENTURE PLC IRELAND | 292,167 | $58M | 3.7% | TRIM −3% |
| 22 | MSFTMICROSOFT CORP | 145,506 | $54M | 3.5% | TRIM −6% |
| 23 | SPYSTATE STR SPDR S&P 500 ETF T | 6,850 | $4M | 0.3% | TRIM −70% |
| 24 | TRITHOMSON REUTERS CORP | 7,491 | $673,978 | 0.0% | ADD 88% |
| 25 | CMCANADIAN IMPERIAL BANK OF CO | 6,934 | $655,067 | 0.0% | HOLD |
| 26 | WCNWASTE CONNECTIONS INC | 3,979 | $644,429 | 0.0% | ADD 30% |
| 27 | RYROYAL BK CDA | 3,804 | $612,979 | 0.0% | TRIM −6% |
| 28 | CPCANADIAN PACIFIC KANSAS CITY | 7,690 | $603,220 | 0.0% | NEW |
| 29 | CNICANADIAN NATL RY CO | 5,700 | $584,806 | 0.0% | HOLD |
| 30 | BNBROOKFIELD CORP | 14,290 | $577,211 | 0.0% | HOLD |
| 31 | FSVFIRSTSERVICE CORP NEW | 4,134 | $573,259 | 0.0% | ADD 25% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TRGPTARGA RES CORP | — | — | — | — | — | 390K | $98M |
| WABWABTEC | — | 489K | 400K | 386K | 381K | 357K | $89M |
| MCKMCKESSON CORP | 171K | 172K | 105K | 101K | 100K | 94K | $81M |
| WMTWALMART INC | — | — | — | — | — | 652K | $81M |
| TTTRANE TECHNOLOGIES PLC | — | — | — | — | — | 191K | $80M |
| AMATAPPLIED MATLS INC | 384K | 530K | 431K | 417K | 324K | 226K | $77M |
| IBKRINTERACTIVE BROKERS GROUP IN | — | — | — | — | 1.2M | 1.1M | $76M |
| MAMASTERCARD INCORPORATED | 201K | 196K | 159K | 154K | 152K | 142K | $71M |
| AVGOBROADCOM INC | 507K | 415K | 333K | 290K | 211K | 227K | $70M |
| LLYELI LILLY & CO | — | 118K | 97K | 94K | 81K | 76K | $70M |
| VVISA INC | 310K | 312K | 253K | 245K | 241K | 226K | $68M |
| SHWSHERWIN WILLIAMS CO | 287K | 288K | 234K | 226K | 223K | 210K | $67M |
| GEGE AEROSPACE | 565K | 525K | 426K | 312K | 251K | 236K | $67M |
| VRSKVERISK ANALYTICS INC | — | — | — | — | — | 349K | $66M |
| MSCIMSCI INC | 187K | 157K | 127K | 123K | 121K | 120K | $65M |
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.
