CIK 1803089
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2023-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 | 99.05% | 8 |
| Marine | 0.95% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BHYB | DBX ETF TR | Unclassified | 54.36% |
| 2 | HYDW | DBX ETF TR | Unclassified | 14.05% |
| 3 | VCSH | VANGUARD SCOTTSDALE FDS | Unclassified | 10.23% |
| 4 | VCIT | VANGUARD SCOTTSDALE FDS | Unclassified | 6.76% |
| 5 | IWP | ISHARES TR | Unclassified | 6.49% |
| 6 | IGIB | ISHARES TR | Unclassified | 3.33% |
| 7 | IGSB | ISHARES TR | Unclassified | 2.95% |
| 8 | TDW | TIDEWATER INC | Industrials | 0.95% |
| 9 | HYLB | DBX ETF TR | Unclassified | 0.87% |
1/9 names classified · sector 0.9% of weight · industry 0.9% · mkt cap 0.9%; 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: 0.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 1% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.9% of book weight (1/9 names) · unclassified 99.1%: BHYB, HYDW, VCSH, VCIT, IWP, IGIB, IGSB, HYLB. 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 | BHYBDBX ETF TR | 11,707,000 | $633M | 54.4% | HOLD |
| 2 | HYDWDBX ETF TR | 3,544,000 | $164M | 14.1% | HOLD |
| 3 | VCSHVANGUARD SCOTTSDALE FDS | 1,540,000 | $119M | 10.2% | TRIM −63% |
| 4 | VCITVANGUARD SCOTTSDALE FDS | 977,000 | $79M | 6.8% | TRIM −8% |
| 5 | IWPISHARES TR | 661,459 | $75M | 6.5% | TRIM −12% |
| 6 | IGIBISHARES TR | 751,159 | $39M | 3.3% | HOLD |
| 7 | IGSBISHARES TR | 670,543 | $34M | 3.0% | HOLD |
| 8 | TDWTIDEWATER INC NEW | 119,817 | $11M | 0.9% | HOLD |
| 9 | HYLBDBX ETF TR | 284,808 | $10M | 0.9% | HOLD |
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