CIK 1670104
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 | 34.15% | 4 |
| Hotels, Restaurants & Leisure | 18.88% | 1 |
| Electrical Equipment & Components | 11.51% | 1 |
| Specialty Retail | 10.08% | 1 |
| Software & IT Services | 8.15% | 1 |
| Pharmaceuticals & Biotechnology | 7.87% | 1 |
| Insurance | 4.77% | 1 |
| Software | 4.58% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | YUMC | Yum China Holdings, Inc. | Consumer Discretionary | 18.88% |
| 2 | SPGI | S&P Global Inc. | Industrials | 12.75% |
| 3 | OTIS | Otis Worldwide Corp | Information Technology | 11.51% |
| 4 | AZO | AUTOZONE INC | Consumer Discretionary | 10.08% |
| 5 | ADP | AUTOMATIC DATA PROCESSING INC | Information Technology | 8.15% |
| 6 | ZTS | Zoetis Inc. | Health Care | 7.87% |
| 7 | MCO | MOODYS CORP /DE/ | Industrials | 7.70% |
| 8 | MA | Mastercard Inc | Financials | 7.63% |
| 9 | V | VISA INC. | Financials | 6.07% |
| 10 | AJG | Arthur J. Gallagher & Co. | Financials | 4.77% |
11/11 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of book weight (11/11 names). 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 | YUMCYUM CHINA HLDGS INC | 11,371,593 | $555M | 18.9% | TRIM −8% |
| 2 | SPGIS&P GLOBAL INC | 880,640 | $375M | 12.8% | ADD 164% |
| 3 | OTISOTIS WORLDWIDE CORP | 4,388,045 | $338M | 11.5% | TRIM −6% |
| 4 | AZOAUTOZONE INC | 87,655 | $296M | 10.1% | ADD 19% |
| 5 | ADPAUTOMATIC DATA PROCESSING IN | 1,178,347 | $239M | 8.2% | ADD 6% |
| 6 | ZTSZOETIS INC | 1,955,688 | $231M | 7.9% | HOLD |
| 7 | MCOMOODYS CORP | 518,183 | $226M | 7.7% | ADD 92% |
| 8 | MAMASTERCARD INCORPORATED | 448,662 | $224M | 7.6% | ADD 8% |
| 9 | VVISA INC | 590,202 | $178M | 6.1% | ADD 29% |
| 10 | AJGGALLAGHER ARTHUR J & CO | 647,008 | $140M | 4.8% | NEW |
| 11 | CRMSALESFORCE INC | 720,685 | $135M | 4.6% | ADD 34% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| YUMCYUM CHINA HLDGS INC | 13.1M | 12.9M | 14.3M | 13.2M | 12.4M | 11.4M | $555M |
| SPGIS&P GLOBAL INC | 442K | 358K | 350K | 330K | 334K | 881K | $375M |
| OTISOTIS WORLDWIDE CORP | 4.2M | 3.9M | 3.7M | 4.5M | 4.7M | 4.4M | $338M |
| AZOAUTOZONE INC | 89K | 87K | 70K | 57K | 73K | 88K | $296M |
| ADPAUTOMATIC DATA PROCESSING IN | 1.5M | 1.2M | 1.2M | 1.1M | 1.1M | 1.2M | $239M |
| ZTSZOETIS INC | — | 1.0M | 1.3M | 1.5M | 2.0M | 2.0M | $231M |
| MCOMOODYS CORP | 403K | 306K | 378K | 291K | 270K | 518K | $226M |
| MAMASTERCARD INCORPORATED | 506K | 487K | 477K | 452K | 417K | 449K | $224M |
| VVISA INC | 761K | 444K | 435K | 410K | 459K | 590K | $178M |
| AJGGALLAGHER ARTHUR J & CO | — | — | — | — | — | 647K | $140M |
| CRMSALESFORCE INC | — | — | — | — | 538K | 721K | $135M |
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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