CIK 1731530
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 |
|---|---|---|
| Specialty Retail | 19.95% | 3 |
| Tobacco | 17.78% | 2 |
| Diversified Consumer Services | 11.33% | 3 |
| Oil, Gas & Consumable Fuels | 9.53% | 4 |
| Paper & Forest Products | 6.54% | 1 |
| Semiconductors & Semiconductor Equipment | 6.42% | 2 |
| Construction & Engineering | 4.48% | 2 |
| Unclassified | 4.30% | 1 |
| Coal & Consumable Fuels | 3.37% | 1 |
| Commercial Services & Supplies | 3.26% | 1 |
| Banks | 3.01% | 2 |
| Chemicals | 2.64% | 1 |
| Hotels, Restaurants & Leisure | 2.28% | 1 |
| Media & Entertainment | 2.27% | 1 |
| Food & Staples Retailing | 2.05% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.80% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TPB | Turning Point Brands, Inc. | Consumer Staples | 14.19% |
| 2 | FCFS | FirstCash Holdings, Inc. | Consumer Discretionary | 13.61% |
| 3 | CVCO | CAVCO INDUSTRIES, INC. | Materials | 6.54% |
| 4 | AMRZ | AMRIZE LTD | Unclassified | 4.30% |
| 5 | LOPE | Grand Canyon Education, Inc. | Consumer Discretionary | 4.03% |
| 6 | CVSA | Covista Inc. | Consumer Discretionary | 3.77% |
| 7 | EGY | VAALCO ENERGY INC /DE/ | Energy | 3.63% |
| 8 | BTI | British American Tobacco p.l.c. | Consumer Staples | 3.59% |
| 9 | LAUR | LAUREATE EDUCATION, INC. | Consumer Discretionary | 3.53% |
| 10 | MTDR | Matador Resources Co | Energy | 3.49% |
26/27 names classified · sector 95.7% of weight · industry 95.7% · mkt cap 89.8%; 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: 95.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 77.2% of book weight (19/27 names) · unclassified 22.8%: AMRZ, EGY, BTI, ICHR, UCTT, TH, VSNT, GBFH. 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 | TPBTURNING PT BRANDS INC | 400,000 | $35M | 14.2% | HOLD |
| 2 | FCFSFIRSTCASH HOLDINGS INC | 177,147 | $33M | 13.6% | TRIM −9% |
| 3 | CVCOCAVCO INDS INC DEL | 33,040 | $16M | 6.5% | ADD 22% |
| 4 | AMRZAMRIZE LTD | 188,000 | $11M | 4.3% | TRIM −6% |
| 5 | LOPEGRAND CANYON ED INC | 58,000 | $10M | 4.0% | ADD 16% |
| 6 | CVSAADTALEM GLOBAL ED INC | 80,000 | $9M | 3.8% | TRIM −41% |
| 7 | EGYVAALCO ENERGY INC | 1,400,000 | $9M | 3.6% | TRIM −7% |
| 8 | BTIBRITISH AMERN TOB PLC | 150,000 | $9M | 3.6% | HOLD |
| 9 | LAURLAUREATE EDUCATION INC | 248,000 | $9M | 3.5% | TRIM −50% |
| 10 | MTDRMATADOR RES CO | 135,000 | $9M | 3.5% | NEW |
| 11 | AZOAUTOZONE INC | 2,500 | $8M | 3.5% | TRIM −17% |
| 12 | BTUPEABODY ENERGY CORP | 250,000 | $8M | 3.4% | ADD 150% |
| 13 | STRLSTERLING INFRASTRUCTURE INC | 20,000 | $8M | 3.3% | TRIM −33% |
| 14 | NPKINPK INTERNATIONAL INC | 550,000 | $8M | 3.3% | TRIM −15% |
| 15 | ICHRICHOR HOLDINGS | 170,000 | $8M | 3.2% | NEW |
| 16 | UCTTULTRA CLEAN HLDGS INC | 125,000 | $8M | 3.2% | NEW |
| 17 | BBWBUILD-A-BEAR WORKSHOP INC | 188,251 | $7M | 2.9% | NEW |
| 18 | TFINTRIUMPH FINANCIAL INC | 110,659 | $7M | 2.7% | ADD 23% |
| 19 | ENTGENTEGRIS INC | 55,000 | $6M | 2.6% | NEW |
| 20 | THTARGET HOSPITALITY CORP | 601,777 | $6M | 2.3% | ADD 301% |
| 21 | VSNTVERSANT MEDIA GROUP INC | 150,000 | $6M | 2.3% | NEW |
| 22 | SFMSPROUTS FMRS MKT INC | 65,000 | $5M | 2.0% | NEW |
| 23 | PARRPAR PAC HOLDINGS INC | 50,000 | $3M | 1.3% | NEW |
| 24 | BLDTOPBUILD COR | 8,000 | $3M | 1.1% | HOLD |
| 25 | KOSKOSMOS ENERGY LTD | 1,000,000 | $3M | 1.1% | NEW |
| 26 | COLDAMERICOLD REALTY TRUST INC | 171,774 | $2M | 0.8% | NEW |
| 27 | GBFHGBANK FINL HLDGS INC | 28,302 | $757,362 | 0.3% | TRIM −74% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TPBTURNING PT BRANDS INC | 280K | 377K | 400K | 400K | 400K | 400K | $35M |
| FCFSFIRSTCASH HOLDINGS INC | 139K | 165K | 200K | 200K | 195K | 177K | $33M |
| CVCOCAVCO INDS INC DEL | 13K | 15K | 30K | 35K | 27K | 33K | $16M |
| AMRZAMRIZE LTD | — | — | 100K | 270K | 200K | 188K | $11M |
| LOPEGRAND CANYON ED INC | 75K | 60K | 40K | 30K | 50K | 58K | $10M |
| CVSAADTALEM GLOBAL ED INC | — | — | — | — | 135K | 80K | $9M |
| EGYVAALCO ENERGY INC | 1.9M | 2.0M | 2.0M | 1.9M | 1.5M | 1.4M | $9M |
| BTIBRITISH AMERN TOB PLC | — | 185K | 350K | 310K | 150K | 150K | $9M |
| LAURLAUREATE EDUCATION INC | 1.1M | 915K | 900K | 800K | 500K | 248K | $9M |
| MTDRMATADOR RES CO | — | — | — | — | — | 135K | $9M |
| AZOAUTOZONE INC | 2K | 2K | 2K | 2K | 3K | 3K | $8M |
| BTUPEABODY ENERGY CORP | — | — | — | — | 100K | 250K | $8M |
| STRLSTERLING INFRASTRUCTURE INC | 70K | 73K | 50K | 42K | 30K | 20K | $8M |
| NPKINPK INTERNATIONAL INC | — | — | — | — | 650K | 550K | $8M |
| ICHRICHOR HOLDINGS | — | — | — | — | — | 170K | $8M |
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.
