CIK 1713506
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 |
|---|---|---|
| Unclassified | 67.57% | 20 |
| Commercial Services & Supplies | 19.53% | 6 |
| Construction Materials | 2.57% | 1 |
| Insurance | 2.09% | 2 |
| Distributors | 1.66% | 2 |
| Road & Rail | 1.26% | 1 |
| Banks | 1.05% | 3 |
| Construction & Engineering | 1.03% | 1 |
| Chemicals | 0.75% | 3 |
| Aerospace & Defense | 0.55% | 1 |
| Software & IT Services | 0.44% | 1 |
| Automobiles & Components | 0.42% | 1 |
| Software | 0.33% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 0.30% | 2 |
| Machinery | 0.28% | 2 |
| Specialty Retail | 0.08% | 1 |
| Technology Hardware & Equipment | 0.05% | 1 |
| Media & Publishing | 0.03% | 1 |
| Health Care Equipment & Supplies | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ISHARES TR | Unclassified | 35.95% | |
| 2 | SPDR S&P 500 ETF TR | Unclassified | 23.71% | |
| 3 | FTAI | FTAI Aviation Ltd. | Industrials | 13.10% |
| 4 | APG | APi Group Corp | Industrials | 3.79% |
| 5 | CRH | CRH PUBLIC LTD CO | Materials | 2.57% |
| 6 | GFL | GFL Environmental Inc. | Industrials | 1.92% |
| 7 | NBIS | NEBIUS GROUP N.V. | Unclassified | 1.91% |
| 8 | ASHLAND INC - CALL | Unclassified | 1.89% | |
| 9 | KINS | KINGSTONE COMPANIES, INC. | Financials | 1.89% |
| 10 | GLD | SPDR GOLD TR | Unclassified | 1.71% |
32/52 names classified · sector 32.4% of weight · industry 32.4% · mkt cap 32.2%; 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: 32.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 24% of book weight classified — the grid is NOT representative of the whole book.
Classified: 23.8% of book weight (18/48 names) · unclassified 76.2%: , APG, GFL, NBIS, GLD, AVD, NN, SRUUF, TIC, GDOT +20 more. 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 | ISHARES TR | 4,000 | $93M | 36.0% | NEW |
| 2 | SPDR S&P 500 ETF TR | 1,000 | $61M | 23.7% | HOLD |
| 3 | FTAIFTAI AVIATION LTD | 122,676 | $34M | 13.1% | TRIM −28% |
| 4 | APGAPI GROUP CORP | 240,726 | $10M | 3.8% | HOLD |
| 5 | CRHCRH PLC | 62,791 | $7M | 2.6% | HOLD |
| 6 | GFLGFL ENVIRONMENTAL INC | 118,767 | $5M | 1.9% | HOLD |
| 7 | NBISNEBIUS GROUP N.V. | 47,357 | $5M | 1.9% | TRIM −10% |
| 8 | ASHLAND INC - CALL | 750 | $5M | 1.9% | TRIM −50% |
| 9 | KINSKINGSTONE COS INC | 333,711 | $5M | 1.9% | TRIM −3% |
| 10 | GLDSPDR GOLD TR | 10,228 | $4M | 1.7% | NEW |
| 11 | ASHASHLAND INC | 66,784 | $4M | 1.4% | ADD 124% |
| 12 | FIPFTAI INFRASTRUCTURE INC | 654,423 | $3M | 1.3% | ADD 11% |
| 13 | ORNORION GROUP HLDGS INC | 244,104 | $3M | 1.0% | HOLD |
| 14 | SUNOPTA INC | 335,296 | $2M | 0.8% | NEW |
| 15 | AGMFEDERAL AGRIC MTG CORP | 10,981 | $2M | 0.6% | ADD 19% |
| 16 | AVDAMERICAN VANGUARD CORP | 571,781 | $1M | 0.6% | HOLD |
| 17 | NNNEXTNAV INC | 88,854 | $1M | 0.6% | HOLD |
| 18 | SRUUFSPROTT PHYSICAL URANIUM TRUST | 67,100 | $1M | 0.5% | HOLD |
| 19 | TICTIC SOLUTIONS INC | 172,708 | $1M | 0.4% | TRIM −25% |
| 20 | KDKYNDRYL HLDGS INC | 86,030 | $1M | 0.4% | NEW |
| 21 | MODMODINE MFG CO | 5,000 | $1M | 0.4% | HOLD |
| 22 | KINGSTONE COS INC CALL | 500 | $875,000 | 0.3% | NEW |
| 23 | GDOTGREEN DOT CORP | 73,500 | $824,670 | 0.3% | HOLD |
| 24 | DUOTDUOS TECHNOLOGIES GROUP INC | 94,852 | $650,685 | 0.3% | ADD 533% |
| 25 | GECCGREAT ELM CAP CORP | 127,470 | $638,625 | 0.2% | TRIM −3% |
| 26 | NVRIENVIRI CORP | 32,257 | $632,882 | 0.2% | TRIM −40% |
| 27 | URNMSPROTT FDS TR | 10,000 | $631,500 | 0.2% | HOLD |
| 28 | QXOQXO INC | 10,000 | $549,900 | 0.2% | HOLD |
| 29 | COLDAMERICOLD REALTY TRUST INC | 46,922 | $537,726 | 0.2% | TRIM −32% |
| 30 | OSGOCTAVE SPECIALTY GROUP INC | 108,798 | $505,910 | 0.2% | HOLD |
| 31 | BPREBLUEROCK PVT REAL ESTATE FD | 27,900 | $463,419 | 0.2% | NEW |
| 32 | GTLSCHART INDS INC | 2,200 | $454,850 | 0.2% | HOLD |
| 33 | LODECOMSTOCK INC | 95,776 | $292,117 | 0.1% | ADD 89% |
| 34 | CECOCECO ENVIRONMENTAL CORP | 4,431 | $263,999 | 0.1% | HOLD |
| 35 | GPGIGPGI INC | 13,876 | $237,280 | 0.1% | HOLD |
| 36 | ACRACRES COMMERCIAL REALTY CORP | 11,742 | $226,855 | 0.1% | HOLD |
| 37 | CECELANESE CORP DEL | 4,807 | $221,316 | 0.1% | NEW |
| 38 | BODITHE BEACHBODY COMPANY INC | 19,830 | $215,354 | 0.1% | HOLD |
| 39 | SKILSKILLSOFT CORP | 44,794 | $192,166 | 0.1% | TRIM −22% |
| 40 | INVEIDENTIV INC | 31,778 | $117,579 | 0.0% | HOLD |
| 41 | TDAYUSA TODAY CO INC | 11,075 | $78,079 | 0.0% | HOLD |
| 42 | STIMNEURONETICS INC | 48,900 | $70,905 | 0.0% | HOLD |
| 43 | ALITALIGHT INC | 95,851 | $55,852 | 0.0% | TRIM −71% |
| 44 | PHYWFWTS PYROPHYTE ACQUISITION | 37,500 | $11,813 | 0.0% | HOLD |
| 45 | RSVRWRESERVOIR MEDIA INC | 30,503 | $6,101 | 0.0% | HOLD |
| 46 | SCLXWSCILEX HOLDING CO | 49,999 | $5,505 | 0.0% | HOLD |
| 47 | AEAEWAltEnergy Acquisition Corp | 20,000 | $3,632 | 0.0% | HOLD |
| 48 | BDMDWBAIRD MED INVT HLDGS LTD | 25,000 | $2,439 | 0.0% | HOLD |
| 49 | MSAIWMULTISENSOR AI HOLDINGS INC | 37,500 | $1,466 | 0.0% | HOLD |
| 50 | ICUCWSEASTAR MEDICAL HOLDING CORP | 32,473 | $935 | 0.0% | HOLD |
| 51 | BENFWBENEFICIENT | 48,750 | $683 | 0.0% | HOLD |
| 52 | SQLLWSEQLL INC | 70,000 | $222 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ISHARES TR | — | — | — | — | — | 4K | $93M |
| SPDR S&P 500 ETF TR | 100K | — | — | — | 1K | 1K | $61M |
| FTAIFTAI AVIATION LTD | 222K | 198K | 189K | 187K | 170K | 123K | $34M |
| APGAPI GROUP CORP | 167K | 167K | 167K | 251K | 240K | 241K | $10M |
| CRHCRH PLC | 83K | 83K | 73K | 63K | 63K | 63K | $7M |
| GFLGFL ENVIRONMENTAL INC | 110K | 38K | 114K | 118K | 118K | 119K | $5M |
| NBISNEBIUS GROUP N.V. | — | 39K | 42K | 42K | 53K | 47K | $5M |
| ASHLAND INC - CALL | — | — | — | — | 2K | 750 | $5M |
| KINSKINGSTONE COS INC | 45K | 111K | 233K | 344K | 344K | 334K | $5M |
| GLDSPDR GOLD TR | — | — | — | — | — | 10K | $4M |
| ASHASHLAND INC | 61K | — | — | 20K | 30K | 67K | $4M |
| FIPFTAI INFRASTRUCTURE INC | 379K | 407K | 482K | 528K | 588K | 654K | $3M |
| ORNORION GROUP HLDGS INC | 232K | 260K | 234K | 244K | 244K | 244K | $3M |
| SUNOPTA INC | — | — | — | — | — | 335K | $2M |
| AGMFEDERAL AGRIC MTG CORP | 8K | 8K | 8K | 9K | 9K | 11K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
