CIK 1839497
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 |
|---|---|---|
| Metals & Mining | 33.86% | 4 |
| Unclassified | 33.14% | 4 |
| Software & IT Services | 10.86% | 2 |
| Pharmaceuticals & Biotechnology | 6.99% | 2 |
| Utilities | 4.58% | 2 |
| Hotels, Restaurants & Leisure | 4.02% | 1 |
| Entertainment | 3.84% | 1 |
| Real Estate Management & Development | 2.71% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SKE | Skeena Resources Ltd | Materials | 18.47% |
| 2 | AAUC | ALLIED GOLD CORP | Unclassified | 14.38% |
| 3 | CAAP | CORPORACION AMER ARPTS S A | Unclassified | 12.57% |
| 4 | CNL | Collective Mining Ltd. | Materials | 7.30% |
| 5 | SVM | SILVERCORP METALS INC | Materials | 6.53% |
| 6 | FLUT | Flutter Entertainment plc | Information Technology | 5.54% |
| 7 | PPLI | People Inc | Information Technology | 5.32% |
| 8 | SLSR | SOLARIS RES INC | Unclassified | 5.04% |
| 9 | ABVX | Abivax S.A. | Health Care | 4.26% |
| 10 | MGM | MGM Resorts International | Consumer Discretionary | 4.02% |
13/17 names classified · sector 66.9% of weight · industry 66.9% · mkt cap 55.3%; 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: 66.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 4% of book weight classified — the grid is NOT representative of the whole book.
Classified: 4.0% of book weight (1/17 names) · unclassified 96.0%: SKE, AAUC, CAAP, CNL, SVM, FLUT, PPLI, SLSR, ABVX, SGHC +6 more. 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 | SKESKEENA RES LTD NEW | 16,462,865 | $489M | 18.5% | ADD 4% |
| 2 | AAUCALLIED GOLD CORP | 12,272,202 | $381M | 14.4% | TRIM −26% |
| 3 | CAAPCORPORACION AMER ARPTS S A | 13,165,225 | $333M | 12.6% | TRIM −3% |
| 4 | CNLCOLLECTIVE MINING LTD | 10,979,312 | $193M | 7.3% | ADD 3% |
| 5 | SVMSILVERCORP METALS INC | 16,115,414 | $173M | 6.5% | NEW |
| 6 | FLUTFLUTTER ENTMT PLC | 1,439,750 | $147M | 5.5% | NEW |
| 7 | PPLIIAC INC | 3,518,414 | $141M | 5.3% | ADD 89% |
| 8 | SLSRSOLARIS RES INC | 15,545,845 | $133M | 5.0% | ADD 72% |
| 9 | ABVXABIVAX SA | 1,013,324 | $113M | 4.3% | NEW |
| 10 | MGMMGM RESORTS INTERNATIONAL | 2,875,004 | $106M | 4.0% | TRIM −4% |
| 11 | SGHCSUPER GROUP SGHC LIMITED | 9,424,702 | $102M | 3.8% | NEW |
| 12 | TGSTRANSPORTADORA DE GAS SUR | 2,347,333 | $81M | 3.1% | TRIM −29% |
| 13 | QGENQIAGEN NV | 1,807,989 | $72M | 2.7% | NEW |
| 14 | IRSIRSA INVERSIONES Y REP S A | 4,428,706 | $72M | 2.7% | ADD 7% |
| 15 | NEWPNEW PAC METALS CORP | 9,936,183 | $41M | 1.6% | ADD 333% |
| 16 | EDNEMPRESA DIST Y COMERCIAL NOR | 1,331,614 | $40M | 1.5% | TRIM −17% |
| 17 | HSLVHIGHLANDER SILVER CORP | 5,171,822 | $30M | 1.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SKESKEENA RES LTD NEW | 8.9M | 11.9M | 14.0M | 16.9M | 15.8M | 16.5M | $489M |
| AAUCALLIED GOLD CORP | — | — | 11.8M | 14.7M | 16.5M | 12.3M | $381M |
| CAAPCORPORACION AMER ARPTS S A | 7.1M | 13.6M | 13.3M | 13.4M | 13.6M | 13.2M | $333M |
| CNLCOLLECTIVE MINING LTD | 6.8M | 9.9M | 9.9M | 10.5M | 10.7M | 11.0M | $193M |
| SVMSILVERCORP METALS INC | — | — | — | — | — | 16.1M | $173M |
| FLUTFLUTTER ENTMT PLC | — | — | — | — | — | 1.4M | $147M |
| PPLIIAC INC | — | — | 2.0M | 1.3M | 1.9M | 3.5M | $141M |
| SLSRSOLARIS RES INC | — | 869K | 4.8M | 6.8M | 9.0M | 15.5M | $133M |
| ABVXABIVAX SA | — | — | — | — | — | 1.0M | $113M |
| MGMMGM RESORTS INTERNATIONAL | — | 1.8M | 8.8M | 3.5M | 3.0M | 2.9M | $106M |
| SGHCSUPER GROUP SGHC LIMITED | 3.2M | — | — | — | — | 9.4M | $102M |
| TGSTRANSPORTADORA DE GAS SUR | — | — | — | 2.9M | 3.3M | 2.3M | $81M |
| QGENQIAGEN NV | — | — | — | — | — | 1.8M | $72M |
| IRSIRSA INVERSIONES Y REP S A | 1.2M | 1.4M | 2.4M | 3.4M | 4.1M | 4.4M | $72M |
| NEWPNEW PAC METALS CORP | — | — | — | — | 2.3M | 9.9M | $41M |
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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