CIK 1724140
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 32.91% | 6 |
| Metals & Mining | 26.02% | 5 |
| Banks | 13.13% | 6 |
| Specialty Retail | 6.35% | 1 |
| Commercial Services & Supplies | 5.95% | 2 |
| Unclassified | 5.41% | 4 |
| Software & IT Services | 3.96% | 1 |
| Construction Materials | 2.27% | 1 |
| Semiconductors & Semiconductor Equipment | 2.02% | 1 |
| Software | 1.98% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EQX | EQUINOX GOLD CORP | Materials | 12.62% |
| 2 | GPOR | GULFPORT ENERGY CORP | Energy | 11.33% |
| 3 | AMZN | AMAZON COM INC | Consumer Discretionary | 6.35% |
| 4 | B | BARRICK MINING CORP | Materials | 5.86% |
| 5 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 5.33% |
| 6 | EXE | EXPAND ENERGY Corp | Energy | 5.07% |
| 7 | EQT | EQT Corp | Energy | 4.94% |
| 8 | AR | ANTERO RESOURCES Corp | Energy | 4.44% |
| 9 | NEM | NEWMONT Corp /DE/ | Materials | 4.26% |
| 10 | KSPI | Joint Stock Co Kaspi.kz | Industrials | 3.97% |
24/28 names classified · sector 94.6% of weight · industry 94.6% · mkt cap 53.5%; 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: 94.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 50.1% of book weight (12/28 names) · unclassified 49.9%: EQX, B, VIST, KSPI, UBS, GGAL, TECK, DB, VALE, ITUB +6 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 | EQXEQUINOX GOLD CORP | 8,282,105 | $120M | 12.6% | ADD 59% |
| 2 | GPORGULFPORT ENERGY CORP | 508,217 | $108M | 11.3% | ADD 51% |
| 3 | AMZNAMAZON COM INC | 289,300 | $60M | 6.4% | ADD 32% |
| 4 | BBARRICK MNG CORP | 1,363,284 | $56M | 5.9% | ADD 18% |
| 5 | VISTVISTA ENERGY S.A.B. DE C.V. | 670,275 | $51M | 5.3% | ADD 9% |
| 6 | EXEEXPAND ENERGY CORPORATION | 437,900 | $48M | 5.1% | ADD 9% |
| 7 | EQTEQT CORP | 735,967 | $47M | 4.9% | ADD 9% |
| 8 | ARANTERO RESOURCES CORP | 992,354 | $42M | 4.4% | ADD 4% |
| 9 | NEMNEWMONT CORP | 373,315 | $40M | 4.3% | ADD 20% |
| 10 | KSPIKASPI KZ JSC | 509,147 | $38M | 4.0% | ADD 170% |
| 11 | GOOGALPHABET INC | 131,020 | $38M | 4.0% | NEW |
| 12 | UBSUBS GROUP AG | 630,741 | $24M | 2.6% | NEW |
| 13 | GGALGRUPO FINANCIERO GALICIA S.A | 473,448 | $22M | 2.3% | NEW |
| 14 | TECKTECK RESOURCES LTD | 416,670 | $22M | 2.3% | ADD 52% |
| 15 | DBDEUTSCHE BK AG | 711,800 | $21M | 2.2% | NEW |
| 16 | VALEVALE S A | 1,273,217 | $20M | 2.1% | NEW |
| 17 | ITUBITAU UNIBANCO HLDG S A | 2,408,113 | $20M | 2.1% | ADD 6% |
| 18 | NVDANVIDIA CORPORATION | 110,000 | $19M | 2.0% | NEW |
| 19 | CRMSALESFORCE INC | 100,500 | $19M | 2.0% | NEW |
| 20 | NUNU HLDGS LTD | 1,303,621 | $19M | 2.0% | NEW |
| 21 | GDXVANECK ETF TRUST GOLD MINERS ETF | 204,100 | $19M | 2.0% | NEW |
| 22 | MELIMERCADOLIBRE INC | 10,830 | $19M | 2.0% | ADD 27% |
| 23 | JPMJPMORGAN CHASE & CO | 63,400 | $19M | 2.0% | ADD 17% |
| 24 | COPXGLOBAL X FDS | 241,200 | $18M | 1.9% | NEW |
| 25 | CRKCOMSTOCK RES INC | 813,937 | $17M | 1.8% | HOLD |
| 26 | SLVISHARES SILVER TR | 200,000 | $14M | 1.4% | NEW |
| 27 | EGOELDORADO GOLD CORP NEW | 315,138 | $11M | 1.1% | NEW |
| 28 | TURISHARES INC | 13,300 | $514,045 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EQXEQUINOX GOLD CORP | 2.6M | 4.2M | 5.3M | 5.4M | 5.2M | 8.3M | $120M |
| GPORGULFPORT ENERGY CORP | — | 47K | 78K | 188K | 337K | 508K | $108M |
| AMZNAMAZON COM INC | 124K | 73K | — | — | 219K | 289K | $60M |
| BBARRICK MNG CORP | — | — | 1.1M | 1.1M | 1.2M | 1.4M | $56M |
| VISTVISTA ENERGY S.A.B. DE C.V. | 202K | 278K | 246K | 310K | 613K | 670K | $51M |
| EXEEXPAND ENERGY CORPORATION | — | — | — | 229K | 401K | 438K | $48M |
| EQTEQT CORP | — | 174K | 311K | 673K | 678K | 736K | $47M |
| ARANTERO RESOURCES CORP | — | 232K | 473K | 708K | 950K | 992K | $42M |
| NEMNEWMONT CORP | 294K | 292K | 402K | 422K | 310K | 373K | $40M |
| KSPIKASPI KZ JSC | 132K | 410K | 327K | 187K | 188K | 509K | $38M |
| GOOGALPHABET INC | 153K | 86K | — | — | — | 131K | $38M |
| UBSUBS GROUP AG | — | — | — | — | — | 631K | $24M |
| GGALGRUPO FINANCIERO GALICIA S.A | 227K | 334K | 337K | — | — | 473K | $22M |
| TECKTECK RESOURCES LTD | 473K | 472K | 349K | 285K | 274K | 417K | $22M |
| DBDEUTSCHE BK AG | 909K | 470K | 1.0M | 490K | — | 712K | $21M |
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.
