CIK 1783139
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 | 67.46% | 7 |
| Hotels, Restaurants & Leisure | 5.87% | 7 |
| Specialty Retail | 3.10% | 3 |
| Commercial Services & Supplies | 3.06% | 5 |
| Software & IT Services | 2.64% | 3 |
| Communications Equipment | 2.53% | 1 |
| Textiles, Apparel & Luxury Goods | 1.95% | 2 |
| Diversified Telecommunication Services | 1.81% | 2 |
| Technology Hardware & Equipment | 1.58% | 2 |
| Construction Materials | 1.57% | 1 |
| Media & Entertainment | 1.52% | 2 |
| Professional Services | 1.25% | 1 |
| Transportation Infrastructure | 1.24% | 1 |
| Marine | 1.09% | 2 |
| Entertainment | 1.00% | 2 |
| Leisure Products | 0.86% | 1 |
| Paper & Forest Products | 0.76% | 1 |
| Food & Staples Retailing | 0.55% | 1 |
| Software | 0.14% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 59.63% |
| 2 | EMB | ISHARES TR | Unclassified | 4.04% |
| 3 | VISN | Vistance Networks, Inc. | Information Technology | 2.53% |
| 4 | EEM | ISHARES TR | Unclassified | 2.21% |
| 5 | CRH | CRH PUBLIC LTD CO | Materials | 1.57% |
| 6 | H | Hyatt Hotels Corp | Consumer Discretionary | 1.55% |
| 7 | URBN | URBAN OUTFITTERS INC | Consumer Discretionary | 1.42% |
| 8 | TMUS | T-Mobile US, Inc. | Communication Services | 1.30% |
| 9 | RTO | RENTOKIL INITIAL PLC /FI | Industrials | 1.25% |
| 10 | BKNG | Booking Holdings Inc. | Industrials | 1.24% |
38/45 names classified · sector 32.5% of weight · industry 32.5% · mkt cap 30.8%; 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: 32.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 27% of book weight classified — the grid is NOT representative of the whole book.
Classified: 27.2% of book weight (29/45 names) · unclassified 72.8%: SPY, EMB, EEM, RTO, , FLUT, PPLI, PENN, CZR, ECHO +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 | SPYSTATE STR SPDR S&P 500 ETF T | 223,875 | $146M | 59.6% | TRIM −49% |
| 2 | EMBISHARES TR | 105,000 | $10M | 4.0% | NEW |
| 3 | VISNCOMMSCOPE HLDG CO INC | 338,825 | $6M | 2.5% | ADD 21% |
| 4 | EEMISHARES TR | 95,000 | $5M | 2.2% | NEW |
| 5 | CRHCRH PLC | 36,488 | $4M | 1.6% | NEW |
| 6 | HHYATT HOTELS CORP | 26,386 | $4M | 1.6% | TRIM −22% |
| 7 | URBNURBAN OUTFITTERS INC | 54,837 | $3M | 1.4% | TRIM −3% |
| 8 | TMUST-MOBILE US INC | 15,088 | $3M | 1.3% | TRIM −25% |
| 9 | RTORENTOKIL INITIAL PLC | 97,159 | $3M | 1.3% | TRIM −48% |
| 10 | BKNGBOOKING HOLDINGS INC | 722 | $3M | 1.2% | TRIM −10% |
| 11 | WYNNWYNN RESORTS LTD | 28,052 | $3M | 1.2% | NEW |
| 12 | CHTRCHARTER COMMUNICATIONS INC | 12,045 | $3M | 1.1% | ADD 34% |
| 13 | MHKMOHAWK INDS INC | 25,949 | $3M | 1.0% | TRIM −38% |
| 14 | NEXTERA ENERGY INC | 50,000 | $3M | 1.0% | NEW |
| 15 | BURLBURLINGTON STORES INC | 7,500 | $2M | 1.0% | NEW |
| 16 | RRRRED ROCK RESORTS INC | 43,442 | $2M | 0.9% | NEW |
| 17 | METAMETA PLATFORMS INC | 3,993 | $2M | 0.9% | ADD 14% |
| 18 | UBERUBER TECHNOLOGIES INC | 31,154 | $2M | 0.9% | TRIM −37% |
| 19 | RLRALPH LAUREN CORP | 6,406 | $2M | 0.9% | TRIM −30% |
| 20 | FLUTFLUTTER ENTMT PLC | 21,597 | $2M | 0.9% | ADD 116% |
| 21 | WDCWESTERN DIGITAL CORP | 7,979 | $2M | 0.9% | TRIM −57% |
| 22 | MATMATTEL INC | 144,519 | $2M | 0.9% | TRIM −31% |
| 23 | HRIHERC HLDGS INC | 20,360 | $2M | 0.8% | NEW |
| 24 | ETSYETSY INC | 40,000 | $2M | 0.8% | ADD 100% |
| 25 | PPLIIAC INC | 48,976 | $2M | 0.8% | NEW |
| 26 | CCLCARNIVAL CORP | 72,904 | $2M | 0.8% | NEW |
| 27 | KMBKIMBERLY-CLARK CORP | 19,316 | $2M | 0.8% | TRIM −26% |
| 28 | PBIPITNEY BOWES INC | 154,442 | $2M | 0.7% | TRIM −45% |
| 29 | DLTRDOLLAR TREE INC | 15,102 | $2M | 0.7% | NEW |
| 30 | BYDBOYD GAMING CORP | 19,442 | $2M | 0.7% | TRIM −60% |
| 31 | PENNPENN ENTERTAINMENT INC | 101,046 | $2M | 0.6% | ADD 405% |
| 32 | PRKSUNITED PARKS & RESORTS INC | 45,000 | $1M | 0.6% | NEW |
| 33 | ACIALBERTSONS COS INC | 79,085 | $1M | 0.6% | TRIM −63% |
| 34 | CZRCAESARS ENTERTAINMENT INC NE | 49,210 | $1M | 0.5% | NEW |
| 35 | ECHOECHOSTAR CORP | 10,682 | $1M | 0.5% | TRIM −57% |
| 36 | VSNTVERSANT MEDIA GROUP INC | 29,856 | $1M | 0.5% | NEW |
| 37 | LTHLIFE TIME GROUP HOLDINGS INC | 36,000 | $969,840 | 0.4% | NEW |
| 38 | WHWYNDHAM HOTELS & RESORTS INC | 11,874 | $964,525 | 0.4% | TRIM −64% |
| 39 | DRVNDRIVEN BRANDS HLDGS INC | 74,765 | $942,786 | 0.4% | TRIM −77% |
| 40 | XLVSELECT SECTOR SPDR TR | 6,000 | $879,660 | 0.4% | NEW |
| 41 | NCLHNORWEGIAN CRUISE LINE HLDGS | 41,549 | $776,966 | 0.3% | TRIM −70% |
| 42 | GLDSPDR GOLD TR | 1,066 | $458,689 | 0.2% | TRIM −48% |
| 43 | TTWOTAKE-TWO INTERACTIVE SOFTWAR | 1,743 | $344,242 | 0.1% | NEW |
| 44 | CARAVIS BUDGET GROUP | 1,873 | $273,177 | 0.1% | TRIM −81% |
| 45 | XLUSELECT SECTOR SPDR TR | 380 | $17,438 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 220K | — | 329K | 416K | 439K | 224K | $146M |
| EMBISHARES TR | — | — | — | — | — | 105K | $10M |
| VISNCOMMSCOPE HLDG CO INC | — | — | — | — | 280K | 339K | $6M |
| EEMISHARES TR | — | — | — | — | — | 95K | $5M |
| CRHCRH PLC | 57K | 27K | 56K | 34K | — | 36K | $4M |
| HHYATT HOTELS CORP | 28K | 18K | 35K | 36K | 34K | 26K | $4M |
| URBNURBAN OUTFITTERS INC | — | 40K | 55K | 57K | 57K | 55K | $3M |
| TMUST-MOBILE US INC | — | — | — | — | 20K | 15K | $3M |
| RTORENTOKIL INITIAL PLC | 192K | 157K | 112K | 160K | 185K | 97K | $3M |
| BKNGBOOKING HOLDINGS INC | — | 100 | — | — | 800 | 722 | $3M |
| WYNNWYNN RESORTS LTD | 55K | 30K | 25K | — | — | 28K | $3M |
| CHTRCHARTER COMMUNICATIONS INC | 12K | 14K | 9K | 12K | 9K | 12K | $3M |
| MHKMOHAWK INDS INC | — | — | 15K | 30K | 42K | 26K | $3M |
| NEXTERA ENERGY INC | — | — | — | — | — | 50K | $3M |
| BURLBURLINGTON STORES INC | — | — | — | — | — | 8K | $2M |
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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