CIK 1705712
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 |
|---|---|---|
| Diversified Telecommunication Services | 54.85% | 1 |
| Unclassified | 16.17% | 1 |
| Specialty Retail | 14.66% | 1 |
| Software | 14.31% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | IRDM | Iridium Communications Inc. | Communication Services | 54.85% |
| 2 | HEI.A | HEICO CORP NEW | Unclassified | 16.17% |
| 3 | KMX | CARMAX INC | Consumer Discretionary | 14.66% |
| 4 | ADBE | ADOBE INC. | Information Technology | 14.31% |
3/4 names classified · sector 83.8% of weight · industry 83.8% · mkt cap 83.8%; 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: 83.8% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 83.8% of book weight (3/4 names) · unclassified 16.2%: HEI.A. 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 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| IRDMIRIDIUM COMMUNICATIONS INC | 3.7M | 3.7M | 4.2M | 5.2M | 5.3M | 5.1M | $143M |
| HEI/AHEICO CORP NEW | 316K | 314K | 315K | 310K | 306K | 199K | $42M |
| KMXCARMAX INC | 566K | 558K | 664K | 926K | 931K | 918K | $38M |
| ADBEADOBE INC | — | — | — | — | 98K | 153K | $37M |
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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