CIK 1823823
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 23.91% | 3 |
| Utilities | 23.05% | 3 |
| Semiconductors & Semiconductor Equipment | 14.25% | 2 |
| Software & IT Services | 9.59% | 1 |
| Health Care Providers & Services | 9.23% | 1 |
| Construction & Engineering | 8.33% | 1 |
| Capital Markets | 6.48% | 1 |
| Distributors | 5.16% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | NRG | NRG ENERGY, INC. | Utilities | 13.29% |
| 2 | APP | AppLovin Corp | Information Technology | 9.59% |
| 3 | BKD | Brookdale Senior Living Inc. | Health Care | 9.23% |
| 4 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 9.00% |
| 5 | LGN | Legence Corp. | Industrials | 8.33% |
| 6 | AR | ANTERO RESOURCES Corp | Energy | 8.31% |
| 7 | EXE | EXPAND ENERGY Corp | Energy | 7.94% |
| 8 | EQT | EQT Corp | Energy | 7.67% |
| 9 | VST | Vistra Corp. | Utilities | 7.24% |
| 10 | SNEX | StoneX Group Inc. | Financials | 6.48% |
13/13 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 82.7%; 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).
Classified: 70.9% of book weight (9/13 names) · unclassified 29.1%: BKD, TSM, LGN, EE. 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 | NRGNRG ENERGY INC | 151,000 | $22M | 13.3% | ADD 68% |
| 2 | APPAPPLOVIN CORP | 40,000 | $16M | 9.6% | NEW |
| 3 | BKDBROOKDALE SR LIVING INC | 1,120,000 | $15M | 9.2% | NEW |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 44,200 | $15M | 9.0% | HOLD |
| 5 | LGNLEGENCE CORP | 245,000 | $14M | 8.3% | ADD 61% |
| 6 | ARANTERO RESOURCES CORP | 325,000 | $14M | 8.3% | NEW |
| 7 | EXEEXPAND ENERGY CORPORATION | 120,000 | $13M | 7.9% | NEW |
| 8 | EQTEQT CORP | 200,000 | $13M | 7.7% | NEW |
| 9 | VSTVISTRA CORP | 80,000 | $12M | 7.2% | NEW |
| 10 | SNEXSTONEX GROUP INC | 133,389 | $11M | 6.5% | ADD 50% |
| 11 | NVDANVIDIA CORPORATION | 50,000 | $9M | 5.3% | HOLD |
| 12 | SYYSYSCO CORP | 120,000 | $9M | 5.2% | NEW |
| 13 | EEEXCELERATE ENERGY INC | 125,000 | $4M | 2.5% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| NRGNRG ENERGY INC | 70K | 70K | 70K | 70K | 90K | 151K | $22M |
| APPAPPLOVIN CORP | 80K | 38K | 44K | — | — | 40K | $16M |
| BKDBROOKDALE SR LIVING INC | — | — | — | — | — | 1.1M | $15M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | 44K | 44K | 44K | 44K | 44K | $15M |
| LGNLEGENCE CORP | — | — | — | — | 153K | 245K | $14M |
| ARANTERO RESOURCES CORP | — | — | — | — | — | 325K | $14M |
| EXEEXPAND ENERGY CORPORATION | 53K | — | — | — | — | 120K | $13M |
| EQTEQT CORP | 114K | 70K | — | — | — | 200K | $13M |
| VSTVISTRA CORP | — | 25K | — | 65K | — | 80K | $12M |
| SNEXSTONEX GROUP INC | — | 45K | 49K | 89K | 89K | 133K | $11M |
| NVDANVIDIA CORPORATION | — | — | — | — | 50K | 50K | $9M |
| SYYSYSCO CORP | — | — | — | — | — | 120K | $9M |
| EEEXCELERATE ENERGY INC | — | — | — | — | — | 125K | $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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