CIK 1745214
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 |
|---|---|---|
| Commercial Services & Supplies | 69.92% | 5 |
| Media & Entertainment | 13.73% | 1 |
| Household Durables | 12.87% | 1 |
| Technology Hardware & Equipment | 3.48% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | APG | APi Group Corp | Industrials | 26.22% |
| 2 | DRVN | Driven Brands Holdings Inc. | Industrials | 22.02% |
| 3 | GFL | GFL Environmental Inc. | Industrials | 18.40% |
| 4 | STGW | Stagwell Inc | Communication Services | 13.73% |
| 5 | CODI | Compass Diversified Holdings | Consumer Discretionary | 12.87% |
| 6 | PAR | PAR TECHNOLOGY CORP | Information Technology | 3.48% |
| 7 | TIC | TIC Solutions, Inc. | Industrials | 3.17% |
| 8 | KELYA | KELLY SERVICES INC | Industrials | 0.12% |
8/8 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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).
Only 22% of book weight classified — the grid is NOT representative of the whole book.
Classified: 22.1% of book weight (2/8 names) · unclassified 77.9%: APG, GFL, STGW, CODI, PAR, TIC. 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 | APGAPI GROUP CORP | 1,482,110 | $60M | 26.2% | HOLD |
| 2 | DRVNDRIVEN BRANDS HLDGS INC | 4,000,000 | $50M | 22.0% | NEW |
| 3 | GFLGFL ENVIRONMENTAL INC | 1,010,000 | $42M | 18.4% | HOLD |
| 4 | STGWSTAGWELL INC | 5,000,000 | $31M | 13.7% | NEW |
| 5 | CODICOMPASS DIVERSIFIED | 3,750,000 | $29M | 12.9% | NEW |
| 6 | PARPAR TECHNOLOGY CORP | 597,229 | $8M | 3.5% | HOLD |
| 7 | TICTIC SOLUTIONS INC | 1,103,800 | $7M | 3.2% | HOLD |
| 8 | KELYAKELLY SVCS INC | 30,000 | $265,500 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| APGAPI GROUP CORP | 1.1M | 1.1M | 1.1M | 1.0M | 1.5M | 1.5M | $60M |
| DRVNDRIVEN BRANDS HLDGS INC | — | — | — | — | — | 4.0M | $50M |
| GFLGFL ENVIRONMENTAL INC | 990K | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | $42M |
| STGWSTAGWELL INC | — | — | — | — | — | 5.0M | $31M |
| CODICOMPASS DIVERSIFIED | — | — | — | — | — | 3.8M | $29M |
| PARPAR TECHNOLOGY CORP | 2.6M | 2.6M | 2.6M | 597K | 597K | 597K | $8M |
| TICTIC SOLUTIONS INC | — | 2.0M | 2.6M | 1.1M | 1.1M | 1.1M | $7M |
| KELYAKELLY SVCS INC | — | — | — | — | — | 30K | $265,500 |
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.
