CIK 1800641
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 |
|---|---|---|
| Metals & Mining | 37.23% | 7 |
| Utilities | 24.37% | 3 |
| Semiconductors & Semiconductor Equipment | 11.74% | 1 |
| Construction & Engineering | 11.53% | 2 |
| Oil, Gas & Consumable Fuels | 7.42% | 1 |
| Software & IT Services | 5.77% | 1 |
| Media & Entertainment | 1.63% | 1 |
| Electrical Equipment & Components | 0.31% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 11.74% |
| 2 | TLN | Talen Energy Corp | Utilities | 11.21% |
| 3 | STLD | STEEL DYNAMICS INC | Materials | 10.59% |
| 4 | CTRI | Centuri Holdings, Inc. | Utilities | 10.36% |
| 5 | CRS | CARPENTER TECHNOLOGY CORP | Materials | 8.83% |
| 6 | AR | ANTERO RESOURCES Corp | Energy | 7.42% |
| 7 | SKE | Skeena Resources Ltd | Materials | 6.57% |
| 8 | DY | DYCOM INDUSTRIES INC | Industrials | 5.99% |
| 9 | META | Meta Platforms, Inc. | Communication Services | 5.77% |
| 10 | PWR | QUANTA SERVICES, INC. | Industrials | 5.54% |
17/17 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 88.3%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 66.9% of book weight (11/17 names) · unclassified 33.1%: TSM, TLN, SKE, DC, SPOT, NAK. 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 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 206,600 | $70M | 11.7% | HOLD |
| 2 | TLNTALEN ENERGY CORP | 208,800 | $67M | 11.2% | HOLD |
| 3 | STLDSTEEL DYNAMICS INC | 350,000 | $63M | 10.6% | NEW |
| 4 | CTRICENTURI HOLDINGS INC | 2,109,000 | $62M | 10.4% | NEW |
| 5 | CRSCARPENTER TECHNOLOGY CORP | 133,200 | $53M | 8.8% | TRIM −36% |
| 6 | ARANTERO RESOURCES CORP | 1,040,000 | $44M | 7.4% | NEW |
| 7 | SKESKEENA RES LTD NEW | 1,313,000 | $39M | 6.6% | ADD 151% |
| 8 | DYDYCOM INDS INC | 105,200 | $36M | 6.0% | NEW |
| 9 | METAMETA PLATFORMS INC | 60,000 | $34M | 5.8% | NEW |
| 10 | PWRQUANTA SVCS INC | 60,000 | $33M | 5.5% | TRIM −61% |
| 11 | CENXCENTURY ALUM CO | 542,000 | $32M | 5.3% | ADD 117% |
| 12 | FCXFREEPORT MCMORAN INC | 400,000 | $24M | 4.0% | TRIM −20% |
| 13 | LNGCheniere Energy, Inc | 58,900 | $17M | 2.8% | TRIM −84% |
| 14 | DCDAKOTA GOLD CORP | 2,000,000 | $10M | 1.7% | NEW |
| 15 | SPOTSPOTIFY TECHNOLOGY S A | 20,000 | $10M | 1.6% | HOLD |
| 16 | GEGE AEROSPACE | 6,400 | $2M | 0.3% | TRIM −97% |
| 17 | NAKNORTHERN DYNASTY MINERALS LT | 1,000,000 | $1M | 0.2% | TRIM −81% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | — | — | 100K | 207K | 207K | $70M |
| TLNTALEN ENERGY CORP | 210K | 205K | 154K | 156K | 206K | 209K | $67M |
| STLDSTEEL DYNAMICS INC | 350K | — | 100K | — | — | 350K | $63M |
| CTRICENTURI HOLDINGS INC | — | — | — | — | — | 2.1M | $62M |
| CRSCARPENTER TECHNOLOGY CORP | — | — | 150K | 259K | 208K | 133K | $53M |
| ARANTERO RESOURCES CORP | — | — | — | — | — | 1.0M | $44M |
| SKESKEENA RES LTD NEW | — | 957K | — | — | 523K | 1.3M | $39M |
| DYDYCOM INDS INC | — | — | — | 150K | — | 105K | $36M |
| METAMETA PLATFORMS INC | 30K | 35K | 50K | 40K | — | 60K | $34M |
| PWRQUANTA SVCS INC | 57K | 69K | 103K | 156K | 156K | 60K | $33M |
| CENXCENTURY ALUM CO | — | — | — | — | 250K | 542K | $32M |
| FCXFREEPORT MCMORAN INC | — | — | 825K | — | 500K | 400K | $24M |
| LNGCheniere Energy, Inc | — | 129K | 129K | 109K | 359K | 59K | $17M |
| DCDAKOTA GOLD CORP | — | — | — | — | — | 2.0M | $10M |
| SPOTSPOTIFY TECHNOLOGY S A | — | — | — | 25K | 20K | 20K | $10M |
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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