CIK 1724517
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 | 67.87% | 23 |
| Airlines | 10.56% | 1 |
| Semiconductors & Semiconductor Equipment | 10.42% | 2 |
| Banks | 6.62% | 1 |
| Commercial Services & Supplies | 1.36% | 2 |
| Textiles, Apparel & Luxury Goods | 1.16% | 1 |
| Oil, Gas & Consumable Fuels | 0.45% | 1 |
| Machinery | 0.41% | 1 |
| Software & IT Services | 0.39% | 1 |
| Media & Entertainment | 0.37% | 1 |
| Capital Markets | 0.22% | 1 |
| Automobiles & Components | 0.12% | 2 |
| Household Durables | 0.06% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | JAZZ INVESTMENTS I LTD | Unclassified | 11.60% | |
| 2 | RYAAY | Ryanair Holdings PLC | Industrials | 10.56% |
| 3 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 9.80% |
| 4 | PPL CAP FDG INC | Unclassified | 8.19% | |
| 5 | HDB | HDFC Bank Ltd | Financials | 6.62% |
| 6 | IBIT | ISHARES BITCOIN TRUST ETF | Unclassified | 6.14% |
| 7 | ALIBABA GROUP HLDG LTD | Unclassified | 5.04% | |
| 8 | WEC ENERGY GROUP INC | Unclassified | 4.62% | |
| 9 | COINBASE GLOBAL INC | Unclassified | 4.57% | |
| 10 | PINNACLE WEST CAP CORP | Unclassified | 3.61% |
15/38 names classified · sector 32.1% of weight · industry 32.1% · mkt cap 2.6%; 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: 32.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.6% of book weight (2/19 names) · unclassified 99.4%: , RYAAY, TSM, HDB, IBIT, FBTC, BTC, UAA, TCOM, ASX +7 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 | JAZZ INVESTMENTS I LTD | 68,136,000 | $83M | 11.6% | ADD 176% |
| 2 | RYAAYRYANAIR HOLDINGS PLC | 1,320,926 | $76M | 10.6% | ADD 35% |
| 3 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 218,101 | $70M | 9.8% | HOLD |
| 4 | PPL CAP FDG INC | 50,000,000 | $59M | 8.2% | NEW |
| 5 | HDBHDFC BANK LTD | 1,986,361 | $47M | 6.6% | ADD 616% |
| 6 | IBITISHARES BITCOIN TRUST ETF | 1,142,805 | $44M | 6.1% | HOLD |
| 7 | ALIBABA GROUP HLDG LTD | 26,000,000 | $36M | 5.0% | TRIM −16% |
| 8 | WEC ENERGY GROUP INC | 27,409,000 | $33M | 4.6% | ADD 103% |
| 9 | COINBASE GLOBAL INC | 32,944,000 | $33M | 4.6% | ADD 46% |
| 10 | PINNACLE WEST CAP CORP | 22,500,000 | $26M | 3.6% | TRIM −20% |
| 11 | SOUTHERN CO | 19,500,000 | $22M | 3.0% | ADD 95% |
| 12 | FBTCFIDELITY WISE ORIGIN BITCOIN | 295,558 | $17M | 2.4% | HOLD |
| 13 | BTCGRAYSCALE BITCOIN MINI TR ET | 567,872 | $17M | 2.4% | NEW |
| 14 | CENTERPOINT ENERGY INC | 14,000,000 | $17M | 2.3% | NEW |
| 15 | MKS INC. | 10,000,000 | $17M | 2.3% | NEW |
| 16 | STARWOOD PPTY TR INC | 15,500,000 | $16M | 2.2% | ADD 343% |
| 17 | NEXTERA ENERGY INC | 250,000 | $13M | 1.8% | NEW |
| 18 | WHIRLPOOL CORP | 300,000 | $12M | 1.7% | NEW |
| 19 | ORMAT TECHNOLOGIES INC | 7,500,000 | $10M | 1.4% | NEW |
| 20 | UAAUNDER ARMOUR INC | 1,398,745 | $8M | 1.2% | HOLD |
| 21 | H WORLD GROUP LTD | 6,000,000 | $8M | 1.1% | HOLD |
| 22 | NIO INC | 7,500,000 | $7M | 1.0% | TRIM −12% |
| 23 | LI AUTO INC | 6,000,000 | $6M | 0.8% | NEW |
| 24 | TCOMTRIP COM GROUP LTD | 115,045 | $6M | 0.8% | ADD 3% |
| 25 | ASXASE TECHNOLOGY HLDG CO LTD | 214,320 | $4M | 0.6% | TRIM −39% |
| 26 | BABAALIBABA GROUP HLDG LTD | 32,807 | $4M | 0.6% | TRIM −68% |
| 27 | CALLAWAY GOLF CO 2.75 05/01/2026 | 4,000,000 | $4M | 0.6% | NEW |
| 28 | IQIYI INC | 4,000,000 | $4M | 0.5% | NEW |
| 29 | SUNCSUNOCOCORP LLC | 52,200 | $3M | 0.4% | HOLD |
| 30 | FLOCFLOWCO HLDGS INC | 144,000 | $3M | 0.4% | NEW |
| 31 | SEALED AIR CORP NEW | 70,449 | $3M | 0.4% | ADD 209% |
| 32 | BIDUBAIDU INC | 25,700 | $3M | 0.4% | ADD 414% |
| 33 | WBDWARNER BROS DISCOVERY INC | 96,954 | $3M | 0.4% | ADD 721% |
| 34 | DBRGDIGITALBRIDGE GROUP INC | 101,560 | $2M | 0.2% | HOLD |
| 35 | LILI AUTO INC | 29,000 | $500,874 | 0.1% | HOLD |
| 36 | SONYSONY GROUP CORP | 20,000 | $401,979 | 0.1% | HOLD |
| 37 | HMCHONDA MOTOR LTD | 14,062 | $332,262 | 0.0% | HOLD |
| 38 | Beyond Meat Inc | 405,000 | $273,424 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| JAZZ INVESTMENTS I LTD | — | — | — | — | 24.7M | 68.1M | $83M |
| RYAAYRYANAIR HOLDINGS PLC | — | — | 428K | 271K | 981K | 1.3M | $76M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | 199K | 218K | 218K | 218K | 218K | $70M |
| PPL CAP FDG INC | — | — | — | — | — | 50.0M | $59M |
| HDBHDFC BANK LTD | 690K | 818K | 380K | — | 277K | 2.0M | $47M |
| IBITISHARES BITCOIN TRUST ETF | 421K | 761K | 1.1M | 1.1M | 1.1M | 1.1M | $44M |
| ALIBABA GROUP HLDG LTD | — | — | 42.0M | 31.0M | 31.0M | 26.0M | $36M |
| WEC ENERGY GROUP INC | — | — | — | — | 13.5M | 27.4M | $33M |
| COINBASE GLOBAL INC | — | — | — | 14.6M | 22.5M | 32.9M | $33M |
| PINNACLE WEST CAP CORP | — | — | — | — | 28.0M | 22.5M | $26M |
| SOUTHERN CO | — | — | — | — | 10.0M | 19.5M | $22M |
| FBTCFIDELITY WISE ORIGIN BITCOIN | 337K | — | 296K | 296K | 296K | 296K | $17M |
| BTCGRAYSCALE BITCOIN MINI TR ET | 60K | — | 568K | — | — | 568K | $17M |
| CENTERPOINT ENERGY INC | — | — | — | — | — | 14.0M | $17M |
| MKS INC. | — | — | — | — | — | 10.0M | $17M |
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.
