CIK 1771377
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2022-Q2. 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 |
|---|---|---|
| Unclassified | 25.41% | 9 |
| Insurance | 16.73% | 4 |
| Pharmaceuticals & Biotechnology | 16.71% | 2 |
| Metals & Mining | 6.60% | 2 |
| Banks | 5.68% | 1 |
| Specialty Retail | 5.12% | 1 |
| Entertainment | 4.64% | 1 |
| Airlines | 3.80% | 1 |
| Distributors | 3.59% | 1 |
| Utilities | 3.23% | 1 |
| Capital Markets | 2.82% | 1 |
| Software | 1.96% | 1 |
| Oil, Gas & Consumable Fuels | 1.94% | 1 |
| Chemicals | 1.77% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FENC | FENNEC PHARMACEUTICALS INC. | Health Care | 13.24% |
| 2 | SPIRIT AIRLS INC | Unclassified | 7.67% | |
| 3 | BHF | Brighthouse Financial, Inc. | Financials | 5.90% |
| 4 | C | CITIGROUP INC | Financials | 5.68% |
| 5 | GNW | GENWORTH FINANCIAL INC | Financials | 5.55% |
| 6 | ASTL | Algoma Steel Group Inc. | Materials | 5.25% |
| 7 | KSS | KOHLS Corp | Consumer Discretionary | 5.12% |
| 8 | PRKS | United Parks & Resorts Inc. | Communication Services | 4.64% |
| 9 | Adverum Biotechnologies, Inc. | Unclassified | 4.23% | |
| 10 | CEDAR FAIR L P | Unclassified | 4.19% |
18/27 names classified · sector 74.6% of weight · industry 74.6% · mkt cap 71.3%; 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: 74.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 44% of book weight classified — the grid is NOT representative of the whole book.
Classified: 44.1% of book weight (11/23 names) · unclassified 55.9%: , FENC, ASTL, RGNX, EPD, AUID, BP, REEAF, MT, QURE +2 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 | FENCFENNEC PHARMACEUTICALS INC | 2,407,357 | $20M | 13.2% | HOLD |
| 2 | SPIRIT AIRLS INC | 600,000 | $11M | 7.7% | HOLD |
| 3 | BHFBRIGHTHOUSE FINL INC | 200,000 | $9M | 5.9% | HOLD |
| 4 | CCITIGROUP INC | 200,740 | $8M | 5.7% | HOLD |
| 5 | GNWGENWORTH FINL INC | 2,333,830 | $8M | 5.5% | TRIM −30% |
| 6 | ASTLALGOMA STL GROUP INC | 1,200,000 | $8M | 5.2% | TRIM −37% |
| 7 | KSSKOHLS CORP | 300,000 | $8M | 5.1% | ADD 20% |
| 8 | PRKSUNITED PARKS & RESORTS INC | 150,000 | $7M | 4.6% | HOLD |
| 9 | Adverum Biotechnologies, Inc. | 6,552,068 | $6M | 4.2% | HOLD |
| 10 | CEDAR FAIR L P | 150,000 | $6M | 4.2% | HOLD |
| 11 | RDNRADIAN GROUP INC | 300,000 | $6M | 3.9% | HOLD |
| 12 | UALUNITED AIRLS HLDGS INC | 171,785 | $6M | 3.8% | HOLD |
| 13 | UNITED STATES STL CORP NEW | 300,000 | $5M | 3.7% | HOLD |
| 14 | USFDUS FOODS HLDG CORP | 200,000 | $5M | 3.6% | HOLD |
| 15 | RGNXREGENXBIO INC | 193,079 | $5M | 3.5% | HOLD |
| 16 | EPDENTERPRISE PRODS PARTNERS L | 200,000 | $5M | 3.2% | HOLD |
| 17 | VIRTVIRTU FINL INC | 200,000 | $4M | 2.8% | HOLD |
| 18 | HAWAIIAN HOLDINGS INC | 300,000 | $4M | 2.7% | HOLD |
| 19 | AUIDAUTHID INC | 1,000,000 | $3M | 2.0% | HOLD |
| 20 | BPBP PLC | 100,000 | $3M | 1.9% | HOLD |
| 21 | TROXTRONOX HOLDINGS PLC | 213,055 | $3M | 1.8% | HOLD |
| 22 | REEAFREE AUTOMOTIVE LTD | 3,602,395 | $2M | 1.7% | ADD 58% |
| 23 | MTARCELORMITTAL SA LUXEMBOURG | 100,000 | $2M | 1.4% | HOLD |
| 24 | SPNTSIRIUSPOINT LTD | 402,185 | $2M | 1.4% | HOLD |
| 25 | QUREUNIQURE NV | 50,000 | $938,000 | 0.6% | HOLD |
| 26 | ZEUSOLYMPIC STEEL INC | 30,000 | $684,000 | 0.5% | HOLD |
| 27 | ASTLWALGOMA STL GROUP INC | 279,995 | $269,000 | 0.2% | HOLD |
Where this firm's principals came from and which firms its alumni went on to found.
