CIK 1840750
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 |
|---|---|---|
| Unclassified | 73.36% | 7 |
| Semiconductors & Semiconductor Equipment | 6.56% | 2 |
| Aerospace & Defense | 5.30% | 2 |
| Specialty Retail | 3.87% | 1 |
| Road & Rail | 3.69% | 1 |
| Utilities | 3.33% | 1 |
| Banks | 1.54% | 1 |
| Metals & Mining | 1.39% | 1 |
| Entertainment | 0.52% | 1 |
| Construction Materials | 0.43% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | Unclassified | 67.93% |
| 2 | HON | HONEYWELL INTERNATIONAL INC | Industrials | 4.11% |
| 3 | AMZN | AMAZON COM INC | Consumer Discretionary | 3.87% |
| 4 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 3.70% |
| 5 | UNP | UNION PACIFIC CORP | Industrials | 3.69% |
| 6 | TLN | Talen Energy Corp | Utilities | 3.33% |
| 7 | AER | AERCAP HOLDINGS NV | Unclassified | 2.99% |
| 8 | NVDA | NVIDIA CORP | Information Technology | 2.86% |
| 9 | HUT | Hut 8 Corp. | Financials | 1.54% |
| 10 | NAK | NORTHERN DYNASTY MINERALS LTD | Materials | 1.39% |
12/18 names classified · sector 27.1% of weight · industry 26.6% · mkt cap 23.4%; 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: 27.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 15% of book weight classified — the grid is NOT representative of the whole book.
Classified: 15.5% of book weight (6/18 names) · unclassified 84.5%: GLD, TSM, TLN, AER, HUT, NAK, YSS, SLV, IHAK, BRK.B +2 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 | GLDSPDR GOLD TR | 325,001 | $140M | 67.9% | TRIM −5% |
| 2 | HONHONEYWELL INTL INC | 37,441 | $8M | 4.1% | HOLD |
| 3 | AMZNAMAZON COM INC | 38,280 | $8M | 3.9% | TRIM −4% |
| 4 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 22,538 | $8M | 3.7% | ADD 128% |
| 5 | UNPUNION PAC CORP | 31,338 | $8M | 3.7% | TRIM −7% |
| 6 | TLNTALEN ENERGY CORP | 21,500 | $7M | 3.3% | HOLD |
| 7 | AERAERCAP HOLDINGS NV | 44,900 | $6M | 3.0% | HOLD |
| 8 | NVDANVIDIA CORPORATION | 33,810 | $6M | 2.9% | TRIM −45% |
| 9 | HUTHUT 8 CORP | 67,550 | $3M | 1.5% | NEW |
| 10 | NAKNORTHERN DYNASTY MINERALS LT | 2,046,000 | $3M | 1.4% | NEW |
| 11 | YSSYORK SPACE SYSTEMS INC | 110,651 | $2M | 1.2% | NEW |
| 12 | SLVISHARES SILVER TR | 27,700 | $2M | 0.9% | HOLD |
| 13 | TKOTKO GROUP HOLDINGS INC | 5,300 | $1M | 0.5% | HOLD |
| 14 | IHAKISHARES TR | 23,559 | $1M | 0.5% | ADD 16% |
| 15 | BRK.BBERKSHIRE HATHAWAY INC DEL | 1,867 | $894,666 | 0.4% | HOLD |
| 16 | CRHCRH PLC | 8,400 | $883,008 | 0.4% | HOLD |
| 17 | CEFSPROTT ASSET MANAGEMENT LP | 15,000 | $715,800 | 0.3% | TRIM −40% |
| 18 | PHOINVESCO EXCHANGE TRADED FD T | 7,400 | $494,764 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GLDSPDR GOLD TR | — | 349K | 348K | 348K | 342K | 325K | $140M |
| HONHONEYWELL INTL INC | — | — | — | — | 37K | 37K | $8M |
| AMZNAMAZON COM INC | — | 67K | 31K | 40K | 40K | 38K | $8M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | 59K | 43K | 8K | 10K | 23K | $8M |
| UNPUNION PAC CORP | — | 23K | 19K | 32K | 34K | 31K | $8M |
| TLNTALEN ENERGY CORP | — | 21K | — | — | 22K | 22K | $7M |
| AERAERCAP HOLDINGS NV | — | — | 60K | 60K | 45K | 45K | $6M |
| NVDANVIDIA CORPORATION | — | 29K | — | — | 62K | 34K | $6M |
| HUTHUT 8 CORP | — | — | — | — | — | 68K | $3M |
| NAKNORTHERN DYNASTY MINERALS LT | — | — | — | — | — | 2.0M | $3M |
| YSSYORK SPACE SYSTEMS INC | — | — | — | — | — | 111K | $2M |
| SLVISHARES SILVER TR | — | 30K | 30K | 30K | 28K | 28K | $2M |
| TKOTKO GROUP HOLDINGS INC | — | 51K | 40K | 40K | 5K | 5K | $1M |
| IHAKISHARES TR | — | — | — | 17K | 20K | 24K | $1M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | — | — | — | 2K | 2K | 2K | $894,666 |
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.
Where this firm's principals came from and which firms its alumni went on to found.
