CIK 1805589
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 |
|---|---|---|
| Utilities | 28.36% | 4 |
| Distributors | 16.70% | 3 |
| Unclassified | 12.78% | 1 |
| Media & Publishing | 10.56% | 2 |
| Marine | 7.18% | 1 |
| Paper & Forest Products | 7.08% | 1 |
| Oil, Gas & Consumable Fuels | 6.31% | 1 |
| Entertainment | 6.18% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 3.40% | 2 |
| Insurance | 1.45% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AER | AERCAP HOLDINGS NV | Unclassified | 12.78% |
| 2 | KMI | KINDER MORGAN, INC. | Utilities | 10.56% |
| 3 | DTM | DT Midstream, Inc. | Utilities | 10.53% |
| 4 | FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | 9.93% |
| 5 | NWSA | NEWS CORP | Communication Services | 9.26% |
| 6 | CCL | Carnival Corp Ltd. | Industrials | 7.18% |
| 7 | LPX | LOUISIANA-PACIFIC CORP | Materials | 7.08% |
| 8 | CEG | Constellation Energy Corp | Utilities | 6.77% |
| 9 | CVX | CHEVRON CORP | Energy | 6.31% |
| 10 | DIS | Walt Disney Co | Communication Services | 6.18% |
16/17 names classified · sector 87.2% of weight · industry 87.2% · mkt cap 87.2%; 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: 87.2% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 87.2% of book weight (16/17 names) · unclassified 12.8%: AER. 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 | AERAERCAP HOLDINGS NV | 3,123,399 | $428M | 12.8% | TRIM −6% |
| 2 | KMIKINDER MORGAN INC DEL | 10,563,400 | $354M | 10.6% | TRIM −7% |
| 3 | DTMDT MIDSTREAM INC | 2,621,909 | $353M | 10.5% | TRIM −14% |
| 4 | FERGFERGUSON ENTERPRISES INC | 1,427,341 | $333M | 9.9% | ADD 14% |
| 5 | NWSANEWS CORP NEW | 12,450,718 | $310M | 9.3% | TRIM −4% |
| 6 | CCLCARNIVAL CORP | 9,305,802 | $241M | 7.2% | ADD 23% |
| 7 | LPXLOUISIANA PAC CORP | 3,263,810 | $237M | 7.1% | TRIM −8% |
| 8 | CEGCONSTELLATION ENERGY CORP | 813,117 | $227M | 6.8% | ADD 39% |
| 9 | CVXCHEVRON CORP NEW | 1,022,484 | $212M | 6.3% | NEW |
| 10 | DISDISNEY WALT CO | 2,151,112 | $207M | 6.2% | NEW |
| 11 | SITESITEONE LANDSCAPE SUPPLY INC | 1,049,440 | $140M | 4.2% | TRIM −28% |
| 12 | WYWEYERHAEUSER CO | 3,669,100 | $90M | 2.7% | NEW |
| 13 | GPCGENUINE PARTS CO | 823,533 | $87M | 2.6% | NEW |
| 14 | LLOEWS CORP | 456,600 | $49M | 1.5% | NEW |
| 15 | NWSNEWS CORP NEW | 1,528,190 | $44M | 1.3% | TRIM −28% |
| 16 | LAMRLAMAR ADVERTISING CO | 191,359 | $24M | 0.7% | TRIM −68% |
| 17 | NFGNATIONAL FUEL GAS CO | 174,091 | $16M | 0.5% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AERAERCAP HOLDINGS NV | 3.7M | 5.2M | 4.3M | 3.9M | 3.3M | 3.1M | $428M |
| KMIKINDER MORGAN INC DEL | — | 6.9M | 10.6M | 11.4M | 11.4M | 10.6M | $354M |
| DTMDT MIDSTREAM INC | — | — | 2.1M | 3.1M | 3.1M | 2.6M | $353M |
| FERGFERGUSON ENTERPRISES INC | 824K | 724K | 585K | 1.3M | 1.3M | 1.4M | $333M |
| NWSANEWS CORP NEW | 9.0M | 11.1M | 12.7M | 14.0M | 13.0M | 12.5M | $310M |
| CCLCARNIVAL CORP | — | 3.5M | 7.7M | 8.1M | 7.6M | 9.3M | $241M |
| LPXLOUISIANA PAC CORP | 2.0M | 2.6M | 2.8M | 2.8M | 3.5M | 3.3M | $237M |
| CEGCONSTELLATION ENERGY CORP | 864K | 664K | 691K | 466K | 584K | 813K | $227M |
| CVXCHEVRON CORP NEW | — | — | — | — | — | 1.0M | $212M |
| DISDISNEY WALT CO | — | — | — | — | — | 2.2M | $207M |
| SITESITEONE LANDSCAPE SUPPLY INC | — | — | — | 1.7M | 1.5M | 1.0M | $140M |
| WYWEYERHAEUSER CO | — | — | — | — | — | 3.7M | $90M |
| GPCGENUINE PARTS CO | — | — | — | — | — | 824K | $87M |
| LLOEWS CORP | — | — | — | — | — | 457K | $49M |
| NWSNEWS CORP NEW | 4.3M | 3.8M | 3.5M | 2.1M | 2.1M | 1.5M | $44M |
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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