CIK 1691908
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 | 53.14% | 7 |
| Unclassified | 20.64% | 2 |
| Capital Markets | 12.93% | 1 |
| Hotels, Restaurants & Leisure | 7.89% | 1 |
| Real Estate Management & Development | 3.37% | 1 |
| Road & Rail | 2.03% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IBKR | Interactive Brokers Group, Inc. | Financials | 12.93% |
| 2 | APG | APi Group Corp | Industrials | 11.57% |
| 3 | HEI.A | HEICO CORP NEW | Unclassified | 11.22% |
| 4 | TRU | TransUnion | Industrials | 9.56% |
| 5 | RACE | Ferrari N.V. | Consumer Discretionary | 9.43% |
| 6 | SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | 8.46% |
| 7 | MCO | MOODYS CORP /DE/ | Industrials | 8.02% |
| 8 | HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | 7.89% |
| 9 | BGSI | Boyd Group Services Inc. | Industrials | 6.73% |
| 10 | CLH | CLEAN HARBORS INC | Industrials | 4.48% |
13/14 names classified · sector 88.8% of weight · industry 79.4% · mkt cap 79.4%; 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: 88.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 49% of book weight classified — the grid is NOT representative of the whole book.
Classified: 49.2% of book weight (8/14 names) · unclassified 50.8%: APG, HEI.A, RACE, SUNB, BGSI, COMP. 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 | 290,185 | $19M | 12.9% | TRIM −3% |
| 2 | APGAPI GROUP CORP | 429,870 | $17M | 11.6% | TRIM −21% |
| 3 | HEI.AHEICO CORP NEW | 80,005 | $17M | 11.2% | HOLD |
| 4 | TRUTRANSUNION | 207,993 | $14M | 9.6% | TRIM −5% |
| 5 | RACEFERRARI N V | 41,939 | $14M | 9.4% | TRIM −5% |
| 6 | SUNBSUNBELT RENTALS HOLDINGS INC | 195,712 | $13M | 8.5% | NEW |
| 7 | MCOMOODYS CORP | 27,679 | $12M | 8.0% | ADD 3% |
| 8 | HLTHILTON WORLDWIDE HLDGS INC | 39,085 | $12M | 7.9% | ADD 23% |
| 9 | BGSIBOYD GROUP SERVICES INC | 79,460 | $10M | 6.7% | HOLD |
| 10 | CLHCLEAN HARBORS INC | 23,513 | $7M | 4.5% | ADD 119% |
| 11 | WCNWASTE CONNECTIONS INC | 40,230 | $7M | 4.3% | ADD 166% |
| 12 | COMPCOMPASS INC | 693,600 | $5M | 3.4% | ADD 37% |
| 13 | JBHTHUNT J B TRANS SVCS INC | 7,200 | $2M | 1.0% | NEW |
| 14 | ODFLOLD DOMINION FREIGHT LINE IN | 7,800 | $2M | 1.0% | TRIM −30% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IBKRINTERACTIVE BROKERS GROUP IN | 107K | 100K | 400K | 338K | 299K | 290K | $19M |
| APGAPI GROUP CORP | 471K | 461K | 453K | 586K | 547K | 430K | $17M |
| HEI/AHEICO CORP NEW | 84K | 84K | 83K | 81K | 81K | 80K | $17M |
| TRUTRANSUNION | 182K | 179K | 200K | 207K | 220K | 208K | $14M |
| RACEFERRARI N V | 62K | 62K | 62K | 56K | 44K | 42K | $14M |
| SUNBSUNBELT RENTALS HOLDINGS INC | — | — | — | — | — | 196K | $13M |
| MCOMOODYS CORP | — | 11K | 18K | 23K | 27K | 28K | $12M |
| HLTHILTON WORLDWIDE HLDGS INC | — | — | — | — | 32K | 39K | $12M |
| BGSIBOYD GROUP SERVICES INC | — | — | — | — | 81K | 79K | $10M |
| CLHCLEAN HARBORS INC | — | — | — | — | 11K | 24K | $7M |
| WCNWASTE CONNECTIONS INC | — | — | — | — | 15K | 40K | $7M |
| COMPCOMPASS INC | — | — | — | 208K | 507K | 694K | $5M |
| JBHTHUNT J B TRANS SVCS INC | — | — | — | — | — | 7K | $2M |
| ODFLOLD DOMINION FREIGHT LINE IN | — | — | — | — | 11K | 8K | $2M |
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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