CIK 1657335
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 |
|---|---|---|
| Capital Markets | 30.50% | 1 |
| Textiles, Apparel & Luxury Goods | 16.74% | 1 |
| Software & IT Services | 14.96% | 1 |
| Aerospace & Defense | 12.36% | 1 |
| Software | 9.51% | 1 |
| Specialty Retail | 5.96% | 1 |
| Coal & Consumable Fuels | 5.45% | 1 |
| Construction & Engineering | 4.52% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IBKR | Interactive Brokers Group, Inc. | Financials | 30.50% |
| 2 | GIL | GILDAN ACTIVEWEAR INC | Consumer Discretionary | 16.74% |
| 3 | GOOG | Alphabet Inc. | Communication Services | 14.96% |
| 4 | TDG | TransDigm Group INC | Industrials | 12.36% |
| 5 | GWRE | Guidewire Software, Inc. | Information Technology | 9.51% |
| 6 | SGU | STAR GROUP, L.P. | Consumer Discretionary | 5.96% |
| 7 | NRP | NATURAL RESOURCE PARTNERS LP | Energy | 5.45% |
| 8 | LEN | LENNAR CORP /NEW/ | Industrials | 4.52% |
8/8 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 83.3%; 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: 77.8% of book weight (6/8 names) · unclassified 22.2%: GIL, NRP. 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 | IBKRINTERACTIVE BROKERS GROUP IN | 1,030,740 | $69M | 30.5% | HOLD |
| 2 | GILGILDAN ACTIVEWEAR INC | 681,689 | $38M | 16.7% | HOLD |
| 3 | GOOGALPHABET INC | 118,161 | $34M | 15.0% | HOLD |
| 4 | TDGTRANSDIGM GROUP INC | 24,170 | $28M | 12.4% | HOLD |
| 5 | GWREGUIDEWIRE SOFTWARE INC | 144,183 | $22M | 9.5% | ADD 73% |
| 6 | SGUSTAR GROUP L P | 1,099,239 | $13M | 6.0% | HOLD |
| 7 | NRPNATURAL RESOURCE PARTNERS L | 102,057 | $12M | 5.4% | TRIM −20% |
| 8 | LENLENNAR CORP | 118,000 | $10M | 4.5% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IBKRINTERACTIVE BROKERS GROUP IN | 300K | 258K | 1.0M | 1.0M | 1.0M | 1.0M | $69M |
| GILGILDAN ACTIVEWEAR INC | 612K | 612K | 682K | 682K | 682K | 682K | $38M |
| GOOGALPHABET INC | 118K | 118K | 118K | 118K | 118K | 118K | $34M |
| TDGTRANSDIGM GROUP INC | 21K | 21K | 21K | 24K | 24K | 24K | $28M |
| GWREGUIDEWIRE SOFTWARE INC | 66K | 66K | 66K | 66K | 83K | 144K | $22M |
| SGUSTAR GROUP L P | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | $13M |
| NRPNATURAL RESOURCE PARTNERS L | 154K | 154K | 154K | 169K | 127K | 102K | $12M |
| LENLENNAR CORP | — | 104K | 118K | 118K | 118K | 118K | $10M |
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.
