CIK 1740837
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 |
|---|---|---|
| Capital Markets | 14.26% | 2 |
| Construction & Engineering | 14.02% | 3 |
| Professional Services | 13.52% | 2 |
| Banks | 9.72% | 2 |
| Distributors | 7.68% | 2 |
| Specialty Retail | 5.96% | 1 |
| Machinery | 4.62% | 1 |
| Software & IT Services | 4.06% | 2 |
| Unclassified | 3.71% | 2 |
| Hotels, Restaurants & Leisure | 3.36% | 1 |
| Insurance | 3.30% | 1 |
| Health Care Equipment & Supplies | 2.57% | 1 |
| Technology Hardware & Equipment | 2.33% | 1 |
| Software | 2.25% | 1 |
| Media & Publishing | 2.10% | 1 |
| Utilities | 2.03% | 1 |
| Leisure Products | 1.87% | 1 |
| Real Estate Management & Development | 1.51% | 1 |
| Pharmaceuticals & Biotechnology | 1.12% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SNEX | StoneX Group Inc. | Financials | 11.32% |
| 2 | VSEC | VSE CORP | Industrials | 8.34% |
| 3 | TFIN | Triumph Financial, Inc. | Financials | 7.36% |
| 4 | PLUS | EPLUS INC | Consumer Discretionary | 6.01% |
| 5 | WINA | WINMARK CORP | Consumer Discretionary | 5.96% |
| 6 | IESC | IES Holdings, Inc. | Industrials | 5.33% |
| 7 | AGX | ARGAN INC | Industrials | 5.24% |
| 8 | ULS | UL Solutions Inc. | Industrials | 5.18% |
| 9 | BKR | Baker Hughes Co | Industrials | 4.62% |
| 10 | NVR | NVR INC | Industrials | 3.45% |
25/27 names classified · sector 96.3% of weight · industry 96.3% · mkt cap 96.3%; 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: 96.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 96.3% of book weight (25/27 names) · unclassified 3.7%: NYAX, NOMD. 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 | SNEXSTONEX GROUP INC | 1,628,997 | $131M | 11.3% | ADD 24% |
| 2 | VSECVSE CORP | 524,797 | $97M | 8.3% | TRIM −18% |
| 3 | TFINTRIUMPH FINANCIAL INC | 1,431,717 | $85M | 7.4% | TRIM −6% |
| 4 | PLUSEPLUS INC | 926,653 | $70M | 6.0% | TRIM −7% |
| 5 | WINAWINMARK CORP | 161,863 | $69M | 6.0% | TRIM −7% |
| 6 | IESCIES HLDGS INC | 129,767 | $62M | 5.3% | TRIM −9% |
| 7 | AGXARGAN INC | 111,802 | $61M | 5.2% | TRIM −22% |
| 8 | ULSUL SOLUTIONS INC | 702,316 | $60M | 5.2% | TRIM −15% |
| 9 | BKRBAKER HUGHES COMPANY | 879,140 | $54M | 4.6% | TRIM −13% |
| 10 | NVRNVR INC | 6,070 | $40M | 3.4% | ADD 13% |
| 11 | MARMARRIOTT INTL INC NEW | 119,280 | $39M | 3.4% | TRIM −12% |
| 12 | UNHUNITEDHEALTH GROUP INC | 141,720 | $38M | 3.3% | ADD 81% |
| 13 | BGCBGC GROUP INC | 3,493,890 | $34M | 2.9% | TRIM −64% |
| 14 | NYAXNAYAX LTD | 549,574 | $31M | 2.7% | ADD 139% |
| 15 | UFPTUFP TECHNOLOGIES INC | 154,066 | $30M | 2.6% | HOLD |
| 16 | AGYSAGILYSYS INC | 405,967 | $29M | 2.5% | ADD 16% |
| 17 | NBBKNB BANCORP INC | 1,304,080 | $27M | 2.4% | ADD 88% |
| 18 | LYTSLSI INDS INC OHIO | 1,453,863 | $27M | 2.3% | HOLD |
| 19 | IIIVI3 VERTICALS INC | 1,170,146 | $26M | 2.3% | HOLD |
| 20 | DJCODAILY JOURNAL CORP | 50,486 | $24M | 2.1% | TRIM −24% |
| 21 | CWCOCONSOLIDATED WATER CO INC | 711,070 | $24M | 2.0% | HOLD |
| 22 | ODCOIL DRI CORP AMER | 333,070 | $22M | 1.9% | NEW |
| 23 | CLMBCLIMB GLOBAL SOLUTIONS INC | 981,924 | $19M | 1.7% | ADD 417% |
| 24 | TRIPTRIPADVISOR INC | 1,717,020 | $18M | 1.6% | HOLD |
| 25 | FSVFIRSTSERVICE CORP NEW | 126,255 | $18M | 1.5% | HOLD |
| 26 | SIGASIGA TECHNOLOGIES INC | 2,432,024 | $13M | 1.1% | HOLD |
| 27 | NOMDNOMAD FOODS LTD | 1,284,653 | $12M | 1.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SNEXSTONEX GROUP INC | 910K | 1.3M | 1.3M | 1.3M | 1.3M | 1.6M | $131M |
| VSECVSE CORP | 618K | 629K | 637K | 642K | 641K | 525K | $97M |
| TFINTRIUMPH FINANCIAL INC | 870K | 923K | 1.2M | 1.2M | 1.5M | 1.4M | $85M |
| PLUSEPLUS INC | 952K | 984K | 995K | 1.0M | 1.0M | 927K | $70M |
| WINAWINMARK CORP | 175K | 171K | 173K | 174K | 174K | 162K | $69M |
| IESCIES HLDGS INC | 200K | 158K | 163K | 166K | 143K | 130K | $62M |
| AGXARGAN INC | 330K | 300K | 243K | 248K | 143K | 112K | $61M |
| ULSUL SOLUTIONS INC | 831K | 831K | 831K | 831K | 831K | 702K | $60M |
| BKRBAKER HUGHES COMPANY | 1000K | 1.0M | 1.0M | 1.0M | 1.0M | 879K | $54M |
| NVRNVR INC | 5K | 5K | 5K | 5K | 5K | 6K | $40M |
| MARMARRIOTT INTL INC NEW | 135K | 135K | 135K | 135K | 135K | 119K | $39M |
| UNHUNITEDHEALTH GROUP INC | 64K | 78K | 78K | 76K | 78K | 142K | $38M |
| BGCBGC GROUP INC | 10.0M | 9.6M | 9.7M | 9.8M | 9.8M | 3.5M | $34M |
| NYAXNAYAX LTD | — | — | — | — | 230K | 550K | $31M |
| UFPTUFP TECHNOLOGIES INC | 161K | 146K | 151K | 154K | 153K | 154K | $30M |
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.
