CIK 1728825
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 |
|---|---|---|
| Aerospace & Defense | 40.57% | 1 |
| Utilities | 29.06% | 1 |
| Unclassified | 17.06% | 3 |
| Media & Entertainment | 11.48% | 1 |
| Oil, Gas & Consumable Fuels | 1.83% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NN | NEXTNAV INC. | Industrials | 40.57% |
| 2 | PCG | PG&E Corp | Utilities | 29.06% |
| 3 | SRL | SCULLY ROYALTY LTD | Unclassified | 15.64% |
| 4 | OPTU | Optimum Communications, Inc. | Communication Services | 11.48% |
| 5 | SDRL | SEADRILL Ltd | Energy | 1.83% |
| 6 | NEXTNAV INC | Unclassified | 1.42% | |
| 7 | BSL | BLACKSTONE SENI FLTN RAT 202 | Unclassified | 0.00% |
4/7 names classified · sector 82.9% of weight · industry 82.9% · mkt cap 82.9%; unclassified names shown, never dropped.
Only 29% of book weight classified — the grid is NOT representative of the whole book.
Classified: 29.1% of book weight (1/7 names) · unclassified 70.9%: NN, SRL, OPTU, SDRL, , BSL. 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 | NNNEXTNAV INC | 2,515,213 | $40M | 40.6% | NEW |
| 2 | PCGPG&E CORP | 1,642,941 | $29M | 29.1% | NEW |
| 3 | SRLSCULLY ROYALTY LTD | 1,985,952 | $16M | 15.6% | NEW |
| 4 | OPTUOPTIMUM COMMUNICATIONS INC | 8,770,000 | $11M | 11.5% | NEW |
| 5 | SDRLSEADRILL LTD | 40,000 | $2M | 1.8% | NEW |
| 6 | NEXTNAV INC | 250,000 | $1M | 1.4% | NEW |
| 7 | BSLBLACKSTONE SENI FLTN RAT 202 | 2 | $26 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NNNEXTNAV INC | — | — | — | — | — | 2.5M | $40M |
| PCGPG&E CORP | — | — | — | — | — | 1.6M | $29M |
| SRLSCULLY ROYALTY LTD | — | — | — | — | — | 2.0M | $16M |
| OPTUOPTIMUM COMMUNICATIONS INC | — | — | — | — | — | 8.8M | $11M |
| SDRLSEADRILL LTD | — | — | — | — | — | 40K | $2M |
| NEXTNAV INC | — | — | — | — | — | 250K | $1M |
| BSLBLACKSTONE SENI FLTN RAT 202 | — | — | — | — | — | 2 | $26 |
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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