CIK 1745907
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 |
|---|---|---|
| Communications Equipment | 19.64% | 3 |
| Technology Hardware & Equipment | 14.49% | 3 |
| Automobiles & Components | 13.50% | 2 |
| Banks | 12.80% | 2 |
| Software & IT Services | 9.24% | 5 |
| Software | 8.60% | 3 |
| Semiconductors & Semiconductor Equipment | 8.31% | 8 |
| Construction & Engineering | 4.90% | 2 |
| Unclassified | 2.92% | 1 |
| Aerospace & Defense | 2.62% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.43% | 1 |
| Metals & Mining | 0.70% | 1 |
| Construction Materials | 0.52% | 1 |
| Machinery | 0.10% | 1 |
| Health Care Equipment & Supplies | 0.10% | 1 |
| Commercial Services & Supplies | 0.08% | 1 |
| Utilities | 0.06% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LITE | Lumentum Holdings Inc. | Information Technology | 15.33% |
| 2 | CRCL | Circle Internet Group, Inc. | Financials | 12.65% |
| 3 | MOD | MODINE MANUFACTURING CO | Consumer Discretionary | 10.18% |
| 4 | COHR | COHERENT CORP. | Information Technology | 7.38% |
| 5 | MSFT | MICROSOFT CORP | Information Technology | 7.20% |
| 6 | GOOGL | Alphabet Inc. | Communication Services | 5.52% |
| 7 | SNDK | Sandisk Corp | Information Technology | 4.93% |
| 8 | CIEN | CIENA CORP | Information Technology | 3.76% |
| 9 | TSLA | Tesla, Inc. | Consumer Discretionary | 3.32% |
| 10 | META | Meta Platforms, Inc. | Communication Services | 3.31% |
36/37 names classified · sector 97.1% of weight · industry 97.1% · mkt cap 96.8%; 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: 97.1% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 62.3% of book weight (21/37 names) · unclassified 37.7%: CRCL, COHR, SNDK, VCX, RKLB, AXTI, MTSI, AAOI, SATL, API +6 more. 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 | LITELUMENTUM HLDGS INC | 198,356 | $139M | 15.3% | HOLD |
| 2 | CRCLCIRCLE INTERNET GROUP INC | 1,205,610 | $115M | 12.6% | ADD 75% |
| 3 | MODMODINE MFG CO | 427,256 | $93M | 10.2% | NEW |
| 4 | COHRCOHERENT CORP | 281,910 | $67M | 7.4% | NEW |
| 5 | MSFTMICROSOFT CORP | 176,910 | $65M | 7.2% | NEW |
| 6 | GOOGLALPHABET INC | 174,710 | $50M | 5.5% | TRIM −41% |
| 7 | SNDKSANDISK CORP | 70,570 | $45M | 4.9% | TRIM −75% |
| 8 | CIENCIENA CORP | 88,110 | $34M | 3.8% | TRIM −29% |
| 9 | TSLATESLA INC | 81,110 | $30M | 3.3% | TRIM −77% |
| 10 | METAMETA PLATFORMS INC | 52,610 | $30M | 3.3% | ADD 76% |
| 11 | VCXFUNDRISE INNOVATION FD LLC | 203,104 | $27M | 2.9% | NEW |
| 12 | PWRQUANTA SVCS INC | 47,600 | $26M | 2.9% | NEW |
| 13 | RKLBROCKET LAB CORP | 371,400 | $24M | 2.6% | ADD 54% |
| 14 | TERTERADYNE INC | 66,662 | $20M | 2.2% | NEW |
| 15 | AXTIAXT INC | 334,402 | $19M | 2.1% | TRIM −76% |
| 16 | MTZMASTEC INC | 57,400 | $18M | 2.0% | NEW |
| 17 | MTSIMACOM TECH SOLUTIONS HLDGS I | 77,214 | $17M | 1.9% | NEW |
| 18 | AAOIAPPLIED OPTOELECTRONICS INC | 177,410 | $15M | 1.7% | NEW |
| 19 | MRVLMARVELL TECHNOLOGY INC | 139,292 | $14M | 1.5% | NEW |
| 20 | EQIXEQUINIX INC | 13,300 | $13M | 1.4% | NEW |
| 21 | OKTAOKTA INC | 133,000 | $10M | 1.2% | NEW |
| 22 | TTMITTM TECHNOLOGIES INC | 92,475 | $9M | 1.0% | TRIM −50% |
| 23 | GLWCORNING INC | 46,500 | $6M | 0.7% | NEW |
| 24 | SATLSATELLOGIC INC | 920,000 | $5M | 0.6% | NEW |
| 25 | LEUCENTRUS ENERGY CORP | 27,136 | $5M | 0.5% | TRIM −84% |
| 26 | APIAGORA INC | 645,700 | $2M | 0.3% | HOLD |
| 27 | IONQIONQ INC | 54,102 | $2M | 0.2% | HOLD |
| 28 | AEISADVANCED ENERGY INDS | 4,783 | $2M | 0.2% | NEW |
| 29 | CIFRCIPHER MINING INC | 107,000 | $1M | 0.2% | HOLD |
| 30 | RGTIRIGETTI COMPUTING INC | 81,000 | $1M | 0.1% | HOLD |
| 31 | QBTSD-WAVE QUANTUM INC | 67,300 | $971,139 | 0.1% | HOLD |
| 32 | SMRNUSCALE PWR CORP | 84,036 | $910,950 | 0.1% | ADD 97% |
| 33 | BFLYBUTTERFLY NETWORK INC | 218,000 | $880,720 | 0.1% | NEW |
| 34 | DASHDOORDASH INC | 4,700 | $705,705 | 0.1% | NEW |
| 35 | NRGNRG ENERGY INC | 4,000 | $584,560 | 0.1% | HOLD |
| 36 | MUMICRON TECHNOLOGY INC | 10 | $3,378 | 0.0% | TRIM −100% |
| 37 | ALABASTERA LABS INC | 10 | $1,096 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LITELUMENTUM HLDGS INC | 68K | — | 178K | 134K | 198K | 198K | $139M |
| CRCLCIRCLE INTERNET GROUP INC | — | — | 101K | 284K | 690K | 1.2M | $115M |
| MODMODINE MFG CO | — | — | — | — | — | 427K | $93M |
| COHRCOHERENT CORP | — | — | — | 225K | — | 282K | $67M |
| MSFTMICROSOFT CORP | 56K | — | — | — | — | 177K | $65M |
| GOOGLALPHABET INC | — | — | 711K | 440K | 295K | 175K | $50M |
| SNDKSANDISK CORP | — | 114K | — | 214K | 286K | 71K | $45M |
| CIENCIENA CORP | 162K | — | — | 143K | 125K | 88K | $34M |
| TSLATESLA INC | 10 | 119K | — | 378K | 354K | 81K | $30M |
| METAMETA PLATFORMS INC | — | 108K | 9K | — | 30K | 53K | $30M |
| VCXFUNDRISE INNOVATION FD LLC | — | — | — | — | — | 203K | $27M |
| PWRQUANTA SVCS INC | — | — | — | — | — | 48K | $26M |
| RKLBROCKET LAB CORP | — | — | 113K | — | 241K | 371K | $24M |
| TERTERADYNE INC | — | — | — | — | — | 67K | $20M |
| AXTIAXT INC | — | — | — | — | 1.4M | 334K | $19M |
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.
