CIK 1695426
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 |
|---|---|---|
| Insurance | 29.90% | 2 |
| Specialty Retail | 22.60% | 2 |
| Banks | 20.31% | 1 |
| Capital Markets | 16.84% | 1 |
| Commercial Services & Supplies | 10.35% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PGR | PROGRESSIVE CORP/OH/ | Financials | 22.49% |
| 2 | JPM | JPMORGAN CHASE & CO | Financials | 20.31% |
| 3 | SCHW | SCHWAB CHARLES CORP | Financials | 16.84% |
| 4 | LOW | LOWES COMPANIES INC | Consumer Discretionary | 11.54% |
| 5 | ULTA | Ulta Beauty, Inc. | Consumer Discretionary | 11.06% |
| 6 | FISV | FISERV INC | Industrials | 10.35% |
| 7 | BRO | BROWN & BROWN, INC. | Financials | 7.41% |
7/7 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 (7/7 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 | PGRPROGRESSIVE CORP | 116,170 | $23M | 22.5% | HOLD |
| 2 | JPMJPMORGAN CHASE & CO | 70,697 | $21M | 20.3% | TRIM −16% |
| 3 | SCHWSCHWAB CHARLES CORP | 183,499 | $17M | 16.8% | HOLD |
| 4 | LOWLOWES COS INC | 50,000 | $12M | 11.5% | HOLD |
| 5 | ULTAULTA BEAUTY INC | 21,673 | $11M | 11.1% | TRIM −6% |
| 6 | FISVFISERV INC | 190,000 | $11M | 10.4% | HOLD |
| 7 | BROBROWN & BROWN INC | 116,397 | $8M | 7.4% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PGRPROGRESSIVE CORP | 116K | 116K | 116K | 116K | 116K | 116K | $23M |
| JPMJPMORGAN CHASE & CO | 95K | 95K | 95K | 95K | 84K | 71K | $21M |
| SCHWSCHWAB CHARLES CORP | 198K | 198K | 198K | 198K | 183K | 183K | $17M |
| LOWLOWES COS INC | 50K | 50K | 50K | 50K | 50K | 50K | $12M |
| ULTAULTA BEAUTY INC | 26K | 26K | 26K | 26K | 23K | 22K | $11M |
| FISVFISERV INC | — | — | — | 85K | 190K | 190K | $11M |
| BROBROWN & BROWN INC | — | — | — | — | — | 116K | $8M |
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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