CIK 1769704
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 |
|---|---|---|
| Software & IT Services | 23.20% | 3 |
| Insurance | 21.60% | 1 |
| Unclassified | 17.69% | 2 |
| Distributors | 16.26% | 1 |
| Hotels, Restaurants & Leisure | 11.56% | 1 |
| Entertainment | 6.10% | 1 |
| Banks | 2.69% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 0.89% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FAF | First American Financial Corp | Financials | 21.60% |
| 2 | ICLR | ICON PLC | Unclassified | 16.89% |
| 3 | PFGC | Performance Food Group Co | Consumer Discretionary | 16.26% |
| 4 | GRND | Grindr Inc. | Information Technology | 13.40% |
| 5 | PK | Park Hotels & Resorts Inc. | Consumer Discretionary | 11.56% |
| 6 | MTN | VAIL RESORTS INC | Communication Services | 6.10% |
| 7 | GDDY | GoDaddy Inc. | Information Technology | 5.15% |
| 8 | GOOGL | Alphabet Inc. | Communication Services | 4.64% |
| 9 | AMTB | Amerant Bancorp Inc. | Financials | 2.69% |
| 10 | PCAPU | PROCAP ACQUISITION CORP | Unclassified | 0.80% |
10/12 names classified · sector 82.3% of weight · industry 82.3% · mkt cap 82.3%; 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: 82.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 81.7% of book weight (9/12 names) · unclassified 18.3%: ICLR, PCAPU, PEB. 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 | FAFFIRST AMERN FINL CORP | 574,914 | $35M | 21.6% | TRIM −43% |
| 2 | ICLRICON PLC | 245,000 | $27M | 16.9% | ADD 158% |
| 3 | PFGCPERFORMANCE FOOD GROUP CO | 304,697 | $26M | 16.3% | HOLD |
| 4 | GRNDGRINDR INC | 1,779,134 | $22M | 13.4% | ADD 314% |
| 5 | PKPARK HOTELS & RESORTS INC | 1,762,082 | $19M | 11.6% | HOLD |
| 6 | MTNVAIL RESORTS INC | 76,246 | $10M | 6.1% | HOLD |
| 7 | GDDYGODADDY INC | 100,000 | $8M | 5.2% | NEW |
| 8 | GOOGLALPHABET INC | 25,918 | $7M | 4.6% | HOLD |
| 9 | AMTBAMERANT BANCORP INC | 196,140 | $4M | 2.7% | HOLD |
| 10 | PCAPUPROCAP ACQUISITION CORP | 125,000 | $1M | 0.8% | HOLD |
| 11 | PEBPEBBLEBROOK HOTEL TR | 73,120 | $923,506 | 0.6% | HOLD |
| 12 | CLDTCHATHAM LODGING TR | 65,011 | $511,637 | 0.3% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FAFFIRST AMERN FINL CORP | 1.0M | 1.0M | 1.0M | 1.0M | 1.0M | 575K | $35M |
| ICLRICON PLC | — | — | — | 95K | 95K | 245K | $27M |
| PFGCPERFORMANCE FOOD GROUP CO | 505K | 505K | 505K | 305K | 305K | 305K | $26M |
| GRNDGRINDR INC | — | — | — | — | 430K | 1.8M | $22M |
| PKPARK HOTELS & RESORTS INC | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | 1.8M | $19M |
| MTNVAIL RESORTS INC | — | — | 76K | 76K | 76K | 76K | $10M |
| GDDYGODADDY INC | — | — | — | — | — | 100K | $8M |
| GOOGLALPHABET INC | 52K | 52K | 52K | 52K | 26K | 26K | $7M |
| AMTBAMERANT BANCORP INC | 196K | 196K | 196K | 196K | 196K | 196K | $4M |
| PCAPUPROCAP ACQUISITION CORP | — | — | 125K | 125K | 125K | 125K | $1M |
| PEBPEBBLEBROOK HOTEL TR | 73K | 73K | 73K | 73K | 73K | 73K | $923,506 |
| CLDTCHATHAM LODGING TR | 65K | 65K | 65K | 65K | 65K | 65K | $511,637 |
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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