CIK 1653857
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q2. 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 |
|---|---|---|
| Technology Hardware & Equipment | 28.31% | 2 |
| Software & IT Services | 16.77% | 1 |
| Unclassified | 15.49% | 2 |
| Insurance | 12.01% | 2 |
| Commercial Services & Supplies | 10.40% | 1 |
| Paper & Forest Products | 6.00% | 1 |
| Chemicals | 4.51% | 1 |
| Hotels, Restaurants & Leisure | 3.49% | 1 |
| Beverages | 3.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PAR | PAR TECHNOLOGY CORP | Information Technology | 25.59% |
| 2 | GOOGL | Alphabet Inc. | Communication Services | 16.77% |
| 3 | IWM | ISHARES TR | Unclassified | 10.49% |
| 4 | ALIT | Alight, Inc. / Delaware | Industrials | 10.40% |
| 5 | UNH | UNITEDHEALTH GROUP INC | Financials | 8.93% |
| 6 | IP | INTERNATIONAL PAPER CO /NEW/ | Materials | 6.00% |
| 7 | MSOS | ADVISORSHARES TR | Unclassified | 5.00% |
| 8 | NKE | NIKE, Inc. | Materials | 4.51% |
| 9 | CZR | Caesars Entertainment, Inc. | Consumer Discretionary | 3.49% |
| 10 | CNC | CENTENE CORP | Financials | 3.08% |
10/12 names classified · sector 84.5% of weight · industry 84.5% · mkt cap 84.5%; 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: 84.5% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 52.3% of book weight (7/12 names) · unclassified 47.7%: PAR, IWM, MSOS, CZR, CNC. 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 | PARPAR TECHNOLOGY CORP | 750,000 | $30M | 25.6% | ADD 51% |
| 2 | GOOGLALPHABET INC | 80,000 | $19M | 16.8% | HOLD |
| 3 | IWMISHARES TR | 50,300 | $12M | 10.5% | HOLD |
| 4 | ALITALIGHT INC | 3,700,000 | $12M | 10.4% | ADD 19% |
| 5 | UNHUNITEDHEALTH GROUP INC | 30,000 | $10M | 8.9% | ADD 100% |
| 6 | IPINTERNATIONAL PAPER CO | 150,000 | $7M | 6.0% | HOLD |
| 7 | MSOSADVISORSHARES TR | 1,200,000 | $6M | 5.0% | ADD 20% |
| 8 | NKENIKE INC | 75,000 | $5M | 4.5% | HOLD |
| 9 | CZRCAESARS ENTERTAINMENT INC NE | 150,000 | $4M | 3.5% | HOLD |
| 10 | CNCCENTENE CORP DEL | 100,000 | $4M | 3.1% | NEW |
| 11 | PEPPEPSICO INC | 25,000 | $4M | 3.0% | HOLD |
| 12 | SPBSPECTRUM BRANDS HLDGS INC NE | 60,000 | $3M | 2.7% | ADD 1140% |
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