CIK 1781566
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 |
|---|---|---|
| Unclassified | 86.29% | 6 |
| Semiconductors & Semiconductor Equipment | 12.29% | 1 |
| Commercial Services & Supplies | 1.42% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | INDA | ISHARES TR | Unclassified | 38.96% |
| 2 | MCHI | ISHARES TR MSCI CHINA ETF | Unclassified | 23.29% |
| 3 | FXI | ISHARES TR | Unclassified | 21.38% |
| 4 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 12.29% |
| 5 | VWO | VANGUARD INTL EQUITY INDEX F | Unclassified | 2.47% |
| 6 | PDD | PDD Holdings Inc. | Industrials | 1.42% |
| 7 | TEN | TSAKOS ENERGY NAVIGATION LTD | Unclassified | 0.14% |
| 8 | GASS | STEALTHGAS INC | Unclassified | 0.05% |
2/8 names classified · sector 13.7% of weight · industry 13.7% · mkt cap 0.0%; 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: 13.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/8 names) · unclassified 100.0%: INDA, MCHI, FXI, TSM, VWO, PDD, TEN, GASS. 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 | INDAISHARES TR | 1,680,955 | $79M | 39.0% | HOLD |
| 2 | MCHIISHARES TR MSCI CHINA ETF | 837,800 | $47M | 23.3% | HOLD |
| 3 | FXIISHARES TR | 1,203,650 | $43M | 21.4% | HOLD |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 73,520 | $25M | 12.3% | HOLD |
| 5 | VWOVANGUARD INTL EQUITY INDEX F | 92,200 | $5M | 2.5% | HOLD |
| 6 | PDDPDD HOLDINGS INC | 28,000 | $3M | 1.4% | HOLD |
| 7 | TENTSAKOS ENERGY NAVIGATION LTD | 7,400 | $292,004 | 0.1% | TRIM −30% |
| 8 | GASSSTEALTHGAS INC | 11,455 | $105,157 | 0.1% | TRIM −43% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| INDAISHARES TR | 1.6M | 1.7M | 1.8M | 1.6M | 1.7M | 1.7M | $79M |
| MCHIISHARES TR MSCI CHINA ETF | 738K | 718K | 747K | 722K | 838K | 838K | $47M |
| FXIISHARES TR | 499K | 499K | 544K | 538K | 1.2M | 1.2M | $43M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | 9K | 9K | 9K | 9K | 73K | 74K | $25M |
| VWOVANGUARD INTL EQUITY INDEX F | 110K | 110K | 110K | — | 92K | 92K | $5M |
| PDDPDD HOLDINGS INC | 16K | 41K | 26K | 17K | 28K | 28K | $3M |
| TENTSAKOS ENERGY NAVIGATION LTD | — | — | — | — | 11K | 7K | $292,004 |
| GASSSTEALTHGAS INC | — | — | 14K | — | 20K | 11K | $105,157 |
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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