CIK 1803088
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 |
|---|---|---|
| Chemicals | 46.82% | 20 |
| Food Products | 32.38% | 5 |
| Unclassified | 5.80% | 2 |
| Distributors | 5.73% | 1 |
| Agricultural Products | 4.07% | 2 |
| Metals & Mining | 2.20% | 1 |
| Specialty Retail | 2.13% | 2 |
| Paper & Forest Products | 0.76% | 1 |
| Machinery | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | DAR | DARLING INGREDIENTS INC. | Consumer Staples | 16.56% |
| 2 | MEOH | METHANEX CORP | Materials | 11.81% |
| 3 | BG | Bunge Global SA | Consumer Staples | 10.75% |
| 4 | ANDE | Andersons, Inc. | Consumer Discretionary | 5.73% |
| 5 | CE | Celanese Corp | Materials | 5.26% |
| 6 | APD | Air Products & Chemicals, Inc. | Materials | 4.47% |
| 7 | CTVA | Corteva, Inc. | Consumer Staples | 3.82% |
| 8 | REX | REX AMERICAN RESOURCES Corp | Materials | 3.70% |
| 9 | AGRO | ADECOAGRO S A | Unclassified | 3.40% |
| 10 | PPC | PILGRIMS PRIDE CORP | Consumer Staples | 2.80% |
33/35 names classified · sector 94.2% of weight · industry 94.2% · mkt cap 94.2%; 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: 94.2% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 79.0% of book weight (30/35 names) · unclassified 21.0%: MEOH, AGRO, STKL, MP, TITN. 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 | DARDARLING INGREDIENTS INC | 234,533 | $15M | 16.6% | TRIM −45% |
| 2 | MEOHMETHANEX CORP | 173,725 | $10M | 11.8% | TRIM −57% |
| 3 | BGBUNGE GLOBAL SA | 74,045 | $9M | 10.8% | TRIM −54% |
| 4 | ANDEANDERSONS INC | 69,968 | $5M | 5.7% | TRIM −80% |
| 5 | CECELANESE CORP DEL | 70,000 | $5M | 5.3% | ADD 833% |
| 6 | APDAIR PRODS & CHEMS INC | 13,495 | $4M | 4.5% | ADD 59% |
| 7 | CTVACORTEVA INC | 40,000 | $3M | 3.8% | HOLD |
| 8 | REXREX AMERICAN RES CORP | 71,172 | $3M | 3.7% | HOLD |
| 9 | AGROADECOAGRO S A | 198,317 | $3M | 3.4% | HOLD |
| 10 | PPCPILGRIMS PRIDE CORP | 65,000 | $2M | 2.8% | HOLD |
| 11 | ASIXADVANSIX INC | 100,000 | $2M | 2.8% | NEW |
| 12 | EMNEASTMAN CHEM CO | 30,000 | $2M | 2.6% | TRIM −43% |
| 13 | STKLSUNOPTA INC | 325,000 | $2M | 2.4% | HOLD |
| 14 | ECLECOLAB INC | 7,523 | $2M | 2.3% | HOLD |
| 15 | MPMP MATERIALS CORP | 40,000 | $2M | 2.2% | HOLD |
| 16 | TROXTRONOX HOLDINGS PLC | 180,000 | $2M | 2.0% | HOLD |
| 17 | GPREGREEN PLAINS INC | 89,731 | $1M | 1.7% | NEW |
| 18 | SFDSMITHFIELD FOODS INC | 50,915 | $1M | 1.6% | TRIM −87% |
| 19 | DDDUPONT DE NEMOURS INC | 30,000 | $1M | 1.6% | HOLD |
| 20 | CFCF INDS HLDGS INC | 10,000 | $1M | 1.5% | HOLD |
| 21 | OLNOLIN CORP | 40,000 | $1M | 1.4% | TRIM −49% |
| 22 | WLKWESTLAKE CORPORATION | 10,000 | $1M | 1.3% | TRIM −12% |
| 23 | HUNHUNTSMAN CORP | 85,000 | $1M | 1.3% | HOLD |
| 24 | TITNTITAN MACHY INC | 64,674 | $1M | 1.2% | NEW |
| 25 | PPGPPG INDS INC | 7,504 | $802,028 | 0.9% | TRIM −50% |
| 26 | SHWSHERWIN WILLIAMS CO | 2,447 | $784,386 | 0.9% | NEW |
| 27 | RYAMRAYONIER ADVANCED MATLS INC | 60,526 | $670,023 | 0.8% | NEW |
| 28 | INGRINGREDION INC | 5,000 | $563,300 | 0.6% | HOLD |
| 29 | AXTAAXALTA COATING SYS LTD | 17,500 | $484,750 | 0.6% | HOLD |
| 30 | IFFINTERNATIONAL FLAVORS&FRAGRA | 6,614 | $479,846 | 0.5% | HOLD |
| 31 | DOWDOW HLDGS INC | 10,000 | $416,500 | 0.5% | NEW |
| 32 | ESIELEMENT SOLUTIONS INC | 10,000 | $341,400 | 0.4% | TRIM −23% |
| 33 | MOSMOSAIC CO NEW | 10,000 | $255,000 | 0.3% | NEW |
| 34 | AVOMISSION PRODUCE INC | 15,934 | $219,252 | 0.3% | TRIM −98% |
| 35 | CNHCNH INDL N V | 80,000 | $80,000 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| DARDARLING INGREDIENTS INC | 100K | 131K | 193K | 381K | 423K | 235K | $15M |
| MEOHMETHANEX CORP | 631K | 350K | 292K | 397K | 403K | 174K | $10M |
| BGBUNGE GLOBAL SA | 25K | 25K | 170K | 159K | 161K | 74K | $9M |
| ANDEANDERSONS INC | — | — | 190K | 575K | 349K | 70K | $5M |
| CECELANESE CORP DEL | 8K | 8K | 8K | 8K | 8K | 70K | $5M |
| APDAIR PRODS & CHEMS INC | 28K | 8K | 8K | 8K | 8K | 13K | $4M |
| CTVACORTEVA INC | 40K | 40K | 40K | 40K | 40K | 40K | $3M |
| REXREX AMERICAN RES CORP | 36K | 36K | 36K | 71K | 71K | 71K | $3M |
| AGROADECOAGRO S A | 198K | 198K | 198K | 198K | 198K | 198K | $3M |
| PPCPILGRIMS PRIDE CORP | 65K | 75K | 65K | 65K | 65K | 65K | $2M |
| ASIXADVANSIX INC | — | — | — | — | — | 100K | $2M |
| EMNEASTMAN CHEM CO | 161K | 93K | 91K | 80K | 53K | 30K | $2M |
| STKLSUNOPTA INC | 325K | 325K | 325K | 325K | 325K | 325K | $2M |
| ECLECOLAB INC | 8K | 8K | 8K | 8K | 8K | 8K | $2M |
| MPMP MATERIALS CORP | 95K | 40K | 40K | 40K | 40K | 40K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
