CIK 1841126
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2024-Q3. 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 |
|---|---|---|
| Insurance | 24.58% | 5 |
| Capital Markets | 21.60% | 7 |
| Banks | 21.02% | 4 |
| Construction & Engineering | 10.47% | 3 |
| Unclassified | 8.34% | 3 |
| Distributors | 5.83% | 1 |
| Commercial Services & Supplies | 4.83% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 2.08% | 1 |
| Software | 1.24% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ECPG | ENCORE CAPITAL GROUP INC | Financials | 12.05% |
| 2 | MCY | MERCURY GENERAL CORP | Financials | 7.13% |
| 3 | KMPR | KEMPER Corp | Financials | 6.01% |
| 4 | WLFC | WILLIS LEASE FINANCE CORP | Consumer Discretionary | 5.83% |
| 5 | HCI | HCI Group, Inc. | Financials | 5.36% |
| 6 | DESPEGAR COM CORP | Unclassified | 5.20% | |
| 7 | DFIN | Donnelley Financial Solutions, Inc. | Industrials | 4.83% |
| 8 | WT | WisdomTree, Inc. | Financials | 4.66% |
| 9 | CCS | Century Communities, Inc. | Industrials | 4.59% |
| 10 | RPC | Ridgepost Capital, Inc. | Financials | 4.33% |
23/26 names classified · sector 91.7% of weight · industry 91.7% · mkt cap 91.7%; 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: 91.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 86.5% of book weight (20/25 names) · unclassified 13.5%: , AB, RKT, MQ, GCMGW. 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 | ECPGENCORE CAP GROUP INC | 336,193 | $16M | 12.1% | ADD 39% |
| 2 | MCYMERCURY GENL CORP NEW | 142,899 | $9M | 7.1% | TRIM −48% |
| 3 | KMPRKEMPER CORP | 120,441 | $8M | 6.0% | TRIM −39% |
| 4 | WLFCWILLIS LEASE FIN CORP | 37,455 | $8M | 5.8% | TRIM −29% |
| 5 | HCIHCI GROUP INC | 61,265 | $7M | 5.4% | ADD 44% |
| 6 | DESPEGAR COM CORP | 359,765 | $7M | 5.2% | NEW |
| 7 | DFINDONNELLEY FINL SOLUTIONS INC | 102,586 | $6M | 4.8% | NEW |
| 8 | WTWISDOMTREE INC | 591,129 | $6M | 4.7% | TRIM −7% |
| 9 | CCSCENTURY CMNTYS INC | 83,282 | $6M | 4.6% | NEW |
| 10 | RPCP10 INC | 457,585 | $6M | 4.3% | TRIM −35% |
| 11 | MTHMERITAGE HOMES CORP | 35,436 | $5M | 4.1% | ADD 6% |
| 12 | MCHBMECHANICS BANCORP | 432,514 | $5M | 3.7% | NEW |
| 13 | SKWDSKYWARD SPECIALTY INS GROUP | 95,500 | $5M | 3.6% | TRIM −32% |
| 14 | WALWESTERN ALLIANCE BANCORP | 55,258 | $5M | 3.5% | ADD 5% |
| 15 | FHIFEDERATED HERMES INC | 109,981 | $5M | 3.4% | NEW |
| 16 | DISCOVER FINL SVCS | 22,285 | $4M | 2.9% | TRIM −51% |
| 17 | BOWBOWHEAD SPECIALTY HLDGS INC | 92,294 | $3M | 2.5% | TRIM −32% |
| 18 | CGCARLYLE GROUP INC/THE | 63,887 | $3M | 2.4% | TRIM −63% |
| 19 | SEICSEI INVTS CO | 38,418 | $3M | 2.4% | NEW |
| 20 | BLKBLACKROCK INC | 2,996 | $3M | 2.3% | NEW |
| 21 | ABALLIANCEBERNSTEIN HLDG L P | 75,743 | $3M | 2.1% | ADD 24% |
| 22 | HHHHOWARD HUGHES HOLDINGS INC | 36,069 | $3M | 2.1% | TRIM −38% |
| 23 | HOVHOVNANIAN ENTERPRISES INC | 17,897 | $2M | 1.8% | NEW |
| 24 | RKTROCKET COS INC | 211,880 | $2M | 1.8% | NEW |
| 25 | MQMARQETA INC | 436,793 | $2M | 1.2% | NEW |
| 26 | GCMGWGCM GROSVENOR INC | 261,072 | $328,951 | 0.2% | NEW |
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