CIK 1814465
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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 43.98% | 3 |
| Health Care Equipment & Supplies | 16.68% | 1 |
| Banks | 12.45% | 2 |
| Insurance | 4.95% | 2 |
| Entertainment | 4.77% | 1 |
| Oil, Gas & Consumable Fuels | 4.43% | 2 |
| Construction & Engineering | 4.33% | 1 |
| Health Care Providers & Services | 2.62% | 1 |
| Tobacco | 2.43% | 1 |
| Beverages | 2.09% | 1 |
| Software & IT Services | 1.19% | 1 |
| Coal & Consumable Fuels | 0.08% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LQDA | Liquidia Corp | Health Care | 38.93% |
| 2 | ESTA | ESTABLISHMENT LABS HOLDINGS INC. | Health Care | 16.68% |
| 3 | DAVE | Dave Inc./DE | Financials | 8.72% |
| 4 | ROOT | Root, Inc. | Financials | 4.88% |
| 5 | SGHC | Super Group (SGHC) Ltd | Communication Services | 4.77% |
| 6 | GEO | GEO GROUP INC | Industrials | 4.33% |
| 7 | OPRT | Oportun Financial Corp | Financials | 3.73% |
| 8 | ABVX | Abivax S.A. | Health Care | 3.44% |
| 9 | CVE | CENOVUS ENERGY | Energy | 2.93% |
| 10 | ACHC | Acadia Healthcare Company, Inc. | Health Care | 2.62% |
17/17 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 93.6%; 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).
Only 26% of book weight classified — the grid is NOT representative of the whole book.
Classified: 26.3% of book weight (7/17 names) · unclassified 73.7%: LQDA, ESTA, SGHC, ABVX, CVE, ACHC, MLYS, VET, APLD, EHTH. 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 | LQDALIQUIDIA CORPORATION | 3,502,112 | $132M | 38.9% | ADD 23% |
| 2 | ESTAESTABLISHMENT LABS HLDGS INC | 997,747 | $57M | 16.7% | TRIM −12% |
| 3 | DAVEDAVE INC | 170,000 | $30M | 8.7% | ADD 143% |
| 4 | ROOTROOT INC | 375,000 | $17M | 4.9% | ADD 60% |
| 5 | SGHCSUPER GROUP SGHC LIMITED | 1,500,000 | $16M | 4.8% | ADD 60% |
| 6 | GEOGEO GROUP INC NEW | 875,000 | $15M | 4.3% | ADD 35% |
| 7 | OPRTOPORTUN FINL CORP | 2,748,300 | $13M | 3.7% | ADD 7% |
| 8 | ABVXABIVAX SA | 105,000 | $12M | 3.4% | ADD 119% |
| 9 | CVECENOVUS ENERGY INC | 375,000 | $10M | 2.9% | NEW |
| 10 | ACHCACADIA HEALTHCARE COMPANY IN | 380,000 | $9M | 2.6% | NEW |
| 11 | TPBTURNING PT BRANDS INC | 95,000 | $8M | 2.4% | TRIM −25% |
| 12 | CELHCELSIUS HLDGS INC | 200,000 | $7M | 2.1% | TRIM −5% |
| 13 | MLYSMINERALYS THERAPEUTICS INC | 202,000 | $5M | 1.6% | ADD 304% |
| 14 | VETVERMILION ENERGY INC | 370,000 | $5M | 1.5% | NEW |
| 15 | APLDAPPLIED DIGITAL CORP | 170,000 | $4M | 1.2% | NEW |
| 16 | BTUPEABODY ENERGY CORP | 8,381 | $276,154 | 0.1% | NEW |
| 17 | EHTHEHEALTH INC | 179,027 | $230,945 | 0.1% | TRIM −87% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LQDALIQUIDIA CORPORATION | 3.1M | 2.9M | 3.0M | 2.8M | 2.9M | 3.5M | $132M |
| ESTAESTABLISHMENT LABS HLDGS INC | 1.3M | 1.4M | 1.4M | 1.3M | 1.1M | 998K | $57M |
| DAVEDAVE INC | — | — | — | 38K | 70K | 170K | $30M |
| ROOTROOT INC | — | — | 88K | 60K | 235K | 375K | $17M |
| SGHCSUPER GROUP SGHC LIMITED | — | — | — | 670K | 940K | 1.5M | $16M |
| GEOGEO GROUP INC NEW | 515K | 750K | 580K | 560K | 650K | 875K | $15M |
| OPRTOPORTUN FINL CORP | 3.5M | 3.4M | 2.8M | 2.6M | 2.6M | 2.7M | $13M |
| ABVXABIVAX SA | — | — | — | 40K | 48K | 105K | $12M |
| CVECENOVUS ENERGY INC | — | — | — | — | — | 375K | $10M |
| ACHCACADIA HEALTHCARE COMPANY IN | — | — | — | — | — | 380K | $9M |
| TPBTURNING PT BRANDS INC | — | — | — | 90K | 127K | 95K | $8M |
| CELHCELSIUS HLDGS INC | 250K | — | — | — | 210K | 200K | $7M |
| MLYSMINERALYS THERAPEUTICS INC | — | 400K | — | 250K | 50K | 202K | $5M |
| VETVERMILION ENERGY INC | — | — | — | — | — | 370K | $5M |
| APLDAPPLIED DIGITAL CORP | — | — | — | — | — | 170K | $4M |
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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