CIK 1730532
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 |
|---|---|---|
| Metals & Mining | 68.17% | 9 |
| Chemicals | 6.72% | 1 |
| Marine | 5.88% | 1 |
| Aerospace & Defense | 5.23% | 1 |
| Construction & Engineering | 4.54% | 1 |
| Specialty Retail | 4.02% | 1 |
| Machinery | 3.78% | 1 |
| Airlines | 1.67% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CENX | CENTURY ALUMINUM CO | Materials | 17.02% |
| 2 | CSTM | CONSTELLIUM SE | Materials | 8.04% |
| 3 | AA | Alcoa Corp | Materials | 7.70% |
| 4 | HBM | Hudbay Minerals Inc. | Materials | 7.33% |
| 5 | FCX | FREEPORT-MCMORAN INC | Materials | 7.04% |
| 6 | CRS | CARPENTER TECHNOLOGY CORP | Materials | 7.03% |
| 7 | SXT | SENSIENT TECHNOLOGIES CORP | Materials | 6.72% |
| 8 | ATI | ATI INC | Materials | 6.63% |
| 9 | KEX | KIRBY CORP | Industrials | 5.88% |
| 10 | SARO | StandardAero, Inc. | Industrials | 5.23% |
16/16 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 88.8%; 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: 81.5% of book weight (12/16 names) · unclassified 18.5%: HBM, HMY, AMBP, CCJ. 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 | CENXCENTURY ALUM CO | 583,997 | $34M | 17.0% | TRIM −4% |
| 2 | CSTMCONSTELLIUM SE | 658,490 | $16M | 8.0% | TRIM −3% |
| 3 | AAAlcoa Upstream Corp. | 233,687 | $16M | 7.7% | TRIM −3% |
| 4 | HBMHUDBAY MINERALS INC | 706,040 | $15M | 7.3% | TRIM −10% |
| 5 | FCXFREEPORT MCMORAN INC | 240,973 | $14M | 7.0% | TRIM −10% |
| 6 | CRSCARPENTER TECHNOLOGY CORP | 35,929 | $14M | 7.0% | TRIM −2% |
| 7 | SXTSENSIENT TECHNOLOGIES CORP | 156,584 | $14M | 6.7% | ADD 34% |
| 8 | ATIALLEGHENY TECHNOLOGIES INC | 91,784 | $13M | 6.6% | TRIM −29% |
| 9 | KEXKIRBY CORP | 89,017 | $12M | 5.9% | HOLD |
| 10 | SAROSTANDARDAERO INC | 407,435 | $11M | 5.2% | ADD 11% |
| 11 | HMYHARMONY GOLD MINING CO LTD | 666,735 | $10M | 5.1% | NEW |
| 12 | DHID R HORTON INC | 66,541 | $9M | 4.5% | ADD 2% |
| 13 | BLDRBUILDERS FIRSTSOURCE INC | 98,203 | $8M | 4.0% | ADD 4% |
| 14 | AMBPARDAGH METAL PACKAGING S A | 1,878,082 | $8M | 3.8% | ADD 28% |
| 15 | CCJCAMECO CORP | 42,424 | $5M | 2.3% | HOLD |
| 16 | ULCCFRONTIER GROUP HLDGS INC | 953,375 | $3M | 1.7% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CENXCENTURY ALUM CO | 648K | 639K | 705K | 661K | 608K | 584K | $34M |
| CSTMCONSTELLIUM SE | 887K | 542K | 846K | 834K | 681K | 658K | $16M |
| AAAlcoa Upstream Corp. | 258K | 266K | 305K | 297K | 242K | 234K | $16M |
| HBMHUDBAY MINERALS INC | 1.1M | 1.2M | 1.1M | 955K | 787K | 706K | $15M |
| FCXFREEPORT MCMORAN INC | 247K | 251K | 253K | 294K | 266K | 241K | $14M |
| CRSCARPENTER TECHNOLOGY CORP | — | — | 40K | 41K | 37K | 36K | $14M |
| SXTSENSIENT TECHNOLOGIES CORP | — | — | — | — | 117K | 157K | $14M |
| ATIALLEGHENY TECHNOLOGIES INC | 183K | 181K | 123K | 144K | 129K | 92K | $13M |
| KEXKIRBY CORP | — | — | 65K | 65K | 87K | 89K | $12M |
| SAROSTANDARDAERO INC | — | — | 291K | 291K | 367K | 407K | $11M |
| HMYHARMONY GOLD MINING CO LTD | — | — | — | — | — | 667K | $10M |
| DHID R HORTON INC | 51K | 54K | — | 28K | 65K | 67K | $9M |
| BLDRBUILDERS FIRSTSOURCE INC | 56K | 58K | 62K | 61K | 94K | 98K | $8M |
| AMBPARDAGH METAL PACKAGING S A | 1.1M | 1.1M | 1.5M | 1.5M | 1.5M | 1.9M | $8M |
| CCJCAMECO CORP | — | — | — | — | 42K | 42K | $5M |
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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