CIK 1821219
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 |
|---|---|---|
| Banks | 37.45% | 7 |
| Software & IT Services | 21.49% | 1 |
| Commercial Services & Supplies | 15.20% | 5 |
| Insurance | 13.67% | 4 |
| Capital Markets | 6.17% | 2 |
| Unclassified | 6.02% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | INFQ | Infleqtion, Inc. | Information Technology | 21.49% |
| 2 | JPM | JPMORGAN CHASE & CO | Financials | 15.79% |
| 3 | AXP | AMERICAN EXPRESS CO | Financials | 12.06% |
| 4 | ACN | Accenture plc | Industrials | 7.29% |
| 5 | PGR | PROGRESSIVE CORP/OH/ | Financials | 6.17% |
| 6 | MA | Mastercard Inc | Financials | 5.81% |
| 7 | BRK.A | BERKSHIRE HATHAWAY INC DEL | Unclassified | 5.40% |
| 8 | USB | US BANCORP \DE\ | Financials | 4.96% |
| 9 | KKR | KKR & Co. Inc. | Financials | 4.29% |
| 10 | WAL | WESTERN ALLIANCE BANCORPORATION | Financials | 3.45% |
20/21 names classified · sector 94.6% of weight · industry 94.0% · mkt cap 93.5%; 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: 94.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 67.1% of book weight (16/21 names) · unclassified 32.9%: INFQ, BRK.A, KKR, BABA, BRK.B. 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 | INFQINFLEQTION INC | 25,622,170 | $251M | 21.5% | NEW |
| 2 | JPMJPMORGAN CHASE & CO | 628,000 | $185M | 15.8% | ADD 100% |
| 3 | AXPAMERICAN EXPRESS CO | 466,430 | $141M | 12.1% | ADD 100% |
| 4 | ACNACCENTURE PLC IRELAND | 430,000 | $85M | 7.3% | ADD 100% |
| 5 | PGRPROGRESSIVE CORP | 364,000 | $72M | 6.2% | ADD 100% |
| 6 | MAMASTERCARD INCORPORATED | 136,000 | $68M | 5.8% | ADD 100% |
| 7 | BRK.ABERKSHIRE HATHAWAY INC DEL | 88 | $63M | 5.4% | ADD 100% |
| 8 | USBUS BANCORP | 1,116,000 | $58M | 5.0% | ADD 100% |
| 9 | KKRKKR & CO INC | 542,000 | $50M | 4.3% | ADD 100% |
| 10 | WALWESTERN ALLIANCE BANCORP | 570,000 | $40M | 3.5% | ADD 100% |
| 11 | AONAON PLC | 98,000 | $32M | 2.7% | ADD 100% |
| 12 | ACGLARCH CAP GROUP LTD | 300,000 | $29M | 2.5% | ADD 100% |
| 13 | MKLMARKEL GROUP INC | 14,300 | $27M | 2.3% | NEW |
| 14 | GSGOLDMAN SACHS GROUP INC | 26,000 | $22M | 1.9% | ADD 100% |
| 15 | BABAALIBABA GROUP HLDG LTD | 100,000 | $13M | 1.1% | ADD 100% |
| 16 | GPNGLOBAL PMTS INC | 136,000 | $9M | 0.8% | ADD 100% |
| 17 | NTRSNORTHERN TR CORP | 60,000 | $8M | 0.7% | ADD 100% |
| 18 | BRK.BBERKSHIRE HATHAWAY INC DEL | 15,000 | $7M | 0.6% | NEW |
| 19 | AXAXOS FINANCIAL INC | 37,000 | $3M | 0.3% | NEW |
| 20 | VVISA INC | 9,706 | $3M | 0.3% | NEW |
| 21 | WBSWEBSTER FINL CORP CONN | 33,000 | $2M | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| INFQINFLEQTION INC | — | — | — | — | — | 25.6M | $251M |
| JPMJPMORGAN CHASE & CO | 379K | — | 379K | 429K | 314K | 628K | $185M |
| AXPAMERICAN EXPRESS CO | 197K | — | 197K | 247K | 233K | 466K | $141M |
| ACNACCENTURE PLC IRELAND | 15K | — | 15K | 115K | 215K | 430K | $85M |
| PGRPROGRESSIVE CORP | 182K | — | 182K | 182K | 182K | 364K | $72M |
| MAMASTERCARD INCORPORATED | 68K | — | 68K | 68K | 68K | 136K | $68M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | 44 | — | 44 | 44 | 44 | 88 | $63M |
| USBUS BANCORP | 558K | — | 558K | 558K | 558K | 1.1M | $58M |
| KKRKKR & CO INC | 91K | — | 91K | 271K | 271K | 542K | $50M |
| WALWESTERN ALLIANCE BANCORP | 285K | — | 285K | 285K | 285K | 570K | $40M |
| AONAON PLC | 49K | — | 49K | 49K | 49K | 98K | $32M |
| ACGLARCH CAP GROUP LTD | 150K | — | 150K | 150K | 150K | 300K | $29M |
| MKLMARKEL GROUP INC | — | — | — | — | — | 14K | $27M |
| GSGOLDMAN SACHS GROUP INC | 25K | — | 25K | 25K | 13K | 26K | $22M |
| BABAALIBABA GROUP HLDG LTD | 50K | — | 50K | 50K | 50K | 100K | $13M |
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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