CIK 1719387
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 |
|---|---|---|
| Software | 29.53% | 3 |
| Distributors | 13.84% | 1 |
| Construction Materials | 13.51% | 1 |
| Real Estate Management & Development | 11.66% | 1 |
| Road & Rail | 9.51% | 1 |
| Construction & Engineering | 7.89% | 1 |
| Commercial Services & Supplies | 5.93% | 1 |
| Diversified Telecommunication Services | 5.25% | 1 |
| Software & IT Services | 2.89% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CNM | Core & Main, Inc. | Consumer Discretionary | 13.84% |
| 2 | CRH | CRH PUBLIC LTD CO | Materials | 13.51% |
| 3 | CIGI | Colliers International Group Inc. | Real Estate | 11.66% |
| 4 | VEEV | VEEVA SYSTEMS INC | Information Technology | 10.33% |
| 5 | NOW | ServiceNow, Inc. | Information Technology | 10.06% |
| 6 | TFII | TFI INTERNATIONAL INC | Industrials | 9.51% |
| 7 | QLYS | QUALYS, INC. | Information Technology | 9.14% |
| 8 | LGIH | LGI Homes, Inc. | Industrials | 7.89% |
| 9 | EFX | EQUIFAX INC | Industrials | 5.93% |
| 10 | ZD | ZIFF DAVIS, INC. | Communication Services | 5.25% |
11/11 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 87.6%; 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: 87.6% of book weight (9/11 names) · unclassified 12.4%: TFII, DAVA. 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 | CNMCORE & MAIN INC | 1,263,247 | $62M | 13.8% | HOLD |
| 2 | CRHCRH PLC | 579,495 | $61M | 13.5% | ADD 6% |
| 3 | CIGICOLLIERS INTL GROUP INC | 492,024 | $53M | 11.7% | ADD 17% |
| 4 | VEEVVEEVA SYS INC | 265,254 | $47M | 10.3% | ADD 14% |
| 5 | NOWSERVICENOW INC | 433,759 | $45M | 10.1% | ADD 50% |
| 6 | TFIITFI INTL INC | 394,559 | $43M | 9.5% | HOLD |
| 7 | QLYSQUALYS INC | 469,001 | $41M | 9.1% | ADD 21% |
| 8 | LGIHLGI HOMES INC | 900,231 | $36M | 7.9% | ADD 21% |
| 9 | EFXEQUIFAX INC | 148,470 | $27M | 5.9% | NEW |
| 10 | ZDZIFF DAVIS INC | 563,667 | $24M | 5.2% | TRIM −58% |
| 11 | DAVAENDAVA PLC | 2,949,572 | $13M | 2.9% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CNMCORE & MAIN INC | 1.4M | 1.4M | 1.4M | 1.2M | 1.3M | 1.3M | $62M |
| CRHCRH PLC | — | 617K | 621K | 546K | 546K | 579K | $61M |
| CIGICOLLIERS INTL GROUP INC | 613K | 612K | 591K | 418K | 422K | 492K | $53M |
| VEEVVEEVA SYS INC | — | 255K | 245K | 228K | 233K | 265K | $47M |
| NOWSERVICENOW INC | 60K | 50K | 41K | 37K | 290K | 434K | $45M |
| TFIITFI INTL INC | 381K | 425K | 400K | 389K | 402K | 395K | $43M |
| QLYSQUALYS INC | 612K | 612K | 400K | 354K | 387K | 469K | $41M |
| LGIHLGI HOMES INC | 734K | 766K | 713K | 644K | 743K | 900K | $36M |
| EFXEQUIFAX INC | — | — | — | — | — | 148K | $27M |
| ZDZIFF DAVIS INC | 1.5M | 1.5M | 1.4M | 1.3M | 1.4M | 564K | $24M |
| DAVAENDAVA PLC | 2.3M | 2.3M | 2.2M | 2.3M | 3.0M | 2.9M | $13M |
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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