CIK 1659815
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 | 57.00% | 4 |
| Banks | 19.26% | 2 |
| Unclassified | 15.62% | 1 |
| Software | 8.13% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SE | Sea Ltd | Industrials | 42.06% |
| 2 | NBIS | NEBIUS GROUP N.V. | Unclassified | 15.62% |
| 3 | NU | NU HOLDINGS CLASS A | Financials | 14.88% |
| 4 | PDD | PDD Holdings Inc. | Industrials | 7.15% |
| 5 | MELI | MERCADOLIBRE INC | Industrials | 5.24% |
| 6 | U | Unity Software Inc. | Information Technology | 4.99% |
| 7 | GGAL | GRUPO FINANCIERO GALICIA SA | Financials | 4.38% |
| 8 | RBLX | Roblox Corp | Information Technology | 3.14% |
| 9 | KSPI | Joint Stock Co Kaspi.kz | Industrials | 2.55% |
8/9 names classified · sector 84.4% of weight · industry 84.4% · mkt cap 13.4%; 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: 84.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 5.2% of book weight (1/9 names) · unclassified 94.8%: SE, NBIS, NU, PDD, U, GGAL, RBLX, KSPI. 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 | SESEA LTD | 3,563,098 | $295M | 42.1% | ADD 14% |
| 2 | NBISNEBIUS GROUP N.V. | 1,055,816 | $110M | 15.6% | ADD 24% |
| 3 | NUNU HLDGS LTD | 7,265,000 | $104M | 14.9% | HOLD |
| 4 | PDDPDD HOLDINGS INC | 490,650 | $50M | 7.1% | HOLD |
| 5 | MELIMERCADOLIBRE INC | 21,257 | $37M | 5.2% | HOLD |
| 6 | UUNITY SOFTWARE INC | 1,594,227 | $35M | 5.0% | ADD 5548% |
| 7 | GGALGRUPO FINANCIERO GALICIA S.A | 657,333 | $31M | 4.4% | ADD 22% |
| 8 | RBLXROBLOX CORP | 390,000 | $22M | 3.1% | ADD 100% |
| 9 | KSPIKASPI KZ JSC | 241,500 | $18M | 2.5% | ADD 42% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SESEA LTD | 4.2M | 4.0M | 3.4M | 3.1M | 3.1M | 3.6M | $295M |
| NBISNEBIUS GROUP N.V. | 3.2M | 2.2M | 1.5M | 736K | 853K | 1.1M | $110M |
| NUNU HLDGS LTD | 4.7M | 3.9M | 4.9M | 7.1M | 7.3M | 7.3M | $104M |
| PDDPDD HOLDINGS INC | 453K | 453K | 453K | 604K | 491K | 491K | $50M |
| MELIMERCADOLIBRE INC | 26K | 10K | — | 15K | 21K | 21K | $37M |
| UUNITY SOFTWARE INC | — | 592K | 592K | 340K | 28K | 1.6M | $35M |
| GGALGRUPO FINANCIERO GALICIA S.A | — | — | — | — | 538K | 657K | $31M |
| RBLXROBLOX CORP | 765K | 642K | 487K | 461K | 195K | 390K | $22M |
| KSPIKASPI KZ JSC | — | — | — | — | 170K | 242K | $18M |
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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