CIK 1845250
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 | 86.72% | 26 |
| Metals & Mining | 6.14% | 12 |
| Oil, Gas & Consumable Fuels | 2.83% | 6 |
| Chemicals | 1.68% | 4 |
| Capital Markets | 0.64% | 1 |
| Software & IT Services | 0.50% | 1 |
| Agricultural Products | 0.35% | 1 |
| Semiconductors & Semiconductor Equipment | 0.33% | 1 |
| Technology Hardware & Equipment | 0.22% | 1 |
| Health Care Equipment & Supplies | 0.15% | 1 |
| Specialty Retail | 0.12% | 1 |
| Food & Staples Retailing | 0.11% | 1 |
| Utilities | 0.10% | 1 |
| Automobiles & Components | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TLT | ISHARES TR | Unclassified | 19.96% |
| 2 | XOP | SPDR SERIES TRUST | Unclassified | 15.70% |
| 3 | EDV | VANGUARD WORLD FD | Unclassified | 10.39% |
| 4 | SLV | ISHARES SILVER TR | Unclassified | 8.88% |
| 5 | GLD | SPDR GOLD TR | Unclassified | 6.72% |
| 6 | IEF | ISHARES TR | Unclassified | 4.76% |
| 7 | XLE | SELECT SECTOR SPDR TR | Unclassified | 4.36% |
| 8 | CEF | SPROTT ASSET MANAGEMENT LP | Unclassified | 4.26% |
| 9 | SCHV | SCHWAB STRATEGIC TR | Unclassified | 2.87% |
| 10 | GNR | SPDR INDEX SHS FDS | Unclassified | 2.81% |
32/58 names classified · sector 13.3% of weight · industry 13.3% · mkt cap 7.3%; 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: 13.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 7% of book weight classified — the grid is NOT representative of the whole book.
Classified: 6.8% of book weight (19/58 names) · unclassified 93.2%: TLT, XOP, EDV, SLV, GLD, IEF, XLE, CEF, SCHV, GNR +29 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 | TLTISHARES TR | 551,775 | $48M | 20.0% | TRIM −4% |
| 2 | XOPSPDR SERIES TRUST | 206,991 | $38M | 15.7% | TRIM −12% |
| 3 | EDVVANGUARD WORLD FD | 383,603 | $25M | 10.4% | ADD 81% |
| 4 | SLVISHARES SILVER TR | 312,524 | $21M | 8.9% | HOLD |
| 5 | GLDSPDR GOLD TR | 37,424 | $16M | 6.7% | HOLD |
| 6 | IEFISHARES TR | 119,624 | $11M | 4.8% | ADD 44% |
| 7 | XLESELECT SECTOR SPDR TR | 170,793 | $10M | 4.4% | HOLD |
| 8 | CEFSPROTT ASSET MANAGEMENT LP | 214,094 | $10M | 4.3% | TRIM −9% |
| 9 | SCHVSCHWAB STRATEGIC TR | 225,363 | $7M | 2.9% | HOLD |
| 10 | GNRSPDR INDEX SHS FDS | 90,132 | $7M | 2.8% | HOLD |
| 11 | VEUVANGUARD INTL EQUITY INDEX F | 66,097 | $5M | 2.1% | HOLD |
| 12 | VWOVANGUARD INTL EQUITY INDEX F | 66,422 | $4M | 1.5% | ADD 4% |
| 13 | DINOHF SINCLAIR CORP | 26,274 | $2M | 0.7% | ADD 38% |
| 14 | SSRMSSR MINING IN | 52,178 | $2M | 0.6% | ADD 23% |
| 15 | RIORIO TINTO PLC | 16,159 | $2M | 0.6% | ADD 7% |
| 16 | HPHelmerich & Payne Inc. | 40,589 | $1M | 0.6% | ADD 3% |
| 17 | NEMNEWMONT CORP | 13,032 | $1M | 0.6% | TRIM −6% |
| 18 | TSTENARIS S A | 23,710 | $1M | 0.6% | ADD 8% |
| 19 | BTGB2GOLD CORP | 300,199 | $1M | 0.6% | ADD 32% |
| 20 | PAASPAN AMERN SILVER CORP | 24,852 | $1M | 0.6% | TRIM −14% |
| 21 | AEMAGNICO EAGLE MINES LTD | 6,631 | $1M | 0.6% | TRIM −6% |
| 22 | BBARRICK MNG CORP | 32,268 | $1M | 0.5% | TRIM −4% |
| 23 | MOSMOSAIC CO NEW | 50,414 | $1M | 0.5% | ADD 43% |
| 24 | KGCKINROSS GOLD CORP | 41,889 | $1M | 0.5% | ADD 2% |
| 25 | NTRNUTRIEN LTD | 16,926 | $1M | 0.5% | ADD 10% |
| 26 | BHPBHP BILLITON LIMITED | 17,389 | $1M | 0.5% | ADD 8% |
| 27 | METAMETA PLATFORMS INC | 2,107 | $1M | 0.5% | HOLD |
| 28 | SBSWSIBANYE STILLWATER LTD | 91,080 | $1M | 0.5% | TRIM −10% |
| 29 | CNQCANADIAN NAT RES LTD | 22,067 | $1M | 0.4% | ADD 9% |
| 30 | CTRACOTERRA ENERGY INC | 30,003 | $1M | 0.4% | ADD 6% |
| 31 | MTDRMATADOR RES CO | 15,527 | $980,996 | 0.4% | NEW |
| 32 | ALBALBEMARLE CORP | 4,982 | $894,459 | 0.4% | HOLD |
| 33 | FANGDIAMONDBACK ENERGY INC | 4,356 | $861,592 | 0.4% | ADD 19% |
| 34 | CALMCal-Maine Foods, Inc. | 10,686 | $845,797 | 0.4% | ADD 189% |
| 35 | ITOTISHARES TR | 5,722 | $815,048 | 0.3% | ADD 4% |
| 36 | NVDANVIDIA CORPORATION | 4,520 | $788,339 | 0.3% | HOLD |
| 37 | EOGEOG RES INC | 5,358 | $774,606 | 0.3% | ADD 9% |
| 38 | VALEVALE S A | 46,432 | $738,733 | 0.3% | ADD 6% |
| 39 | JMTGJ P MORGAN EXCHANGE TRADED F | 13,945 | $711,197 | 0.3% | TRIM −23% |
| 40 | SCCOSOUTHERN COPPER CORP | 3,702 | $636,966 | 0.3% | ADD 4% |
| 41 | ICLICL GROUP LTD | 110,559 | $569,865 | 0.2% | ADD 16% |
| 42 | AAPLAPPLE INC | 2,055 | $521,491 | 0.2% | HOLD |
| 43 | XLKSELECT SECTOR SPDR TR | 3,341 | $444,065 | 0.2% | ADD 4% |
| 44 | VOOVANGUARD INDEX FDS | 691 | $413,084 | 0.2% | TRIM −3% |
| 45 | SCHXSCHWAB U.S. LARGE-CAP ETF | 14,652 | $375,672 | 0.2% | HOLD |
| 46 | BSXBOSTON SCIENTIFIC CORP | 5,890 | $369,598 | 0.2% | HOLD |
| 47 | VTIVANGUARD INDEX FDS | 1,029 | $329,977 | 0.1% | TRIM −10% |
| 48 | JHMBJOHN HANCOCK EXCHANGE TRADED | 14,529 | $319,830 | 0.1% | ADD 15% |
| 49 | AMZNAMAZON COM INC | 1,438 | $299,588 | 0.1% | ADD 6% |
| 50 | EEMISHARES TR | 5,055 | $287,054 | 0.1% | TRIM −30% |
| 51 | VOEVANGUARD INDEX FDS | 1,551 | $285,892 | 0.1% | TRIM −14% |
| 52 | DBOINVESCO DB MULTI-SECTOR COMM | 14,320 | $281,680 | 0.1% | NEW |
| 53 | CVSCVS HEALTH CORP | 3,599 | $258,480 | 0.1% | HOLD |
| 54 | ESEVERSOURCE ENERGY | 3,540 | $245,219 | 0.1% | HOLD |
| 55 | VEAVANGUARD TAX-MANAGED FDS | 3,442 | $220,563 | 0.1% | TRIM −17% |
| 56 | TSLATESLA INC | 580 | $215,548 | 0.1% | ADD 5% |
| 57 | SCHFSCHWAB STRATEGIC TR | 8,484 | $209,979 | 0.1% | HOLD |
| 58 | FSCOFS CREDIT OPPORTUNITIES CORP | 18,745 | $95,599 | 0.0% | ADD 4% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TLTISHARES TR | 419K | 429K | 478K | 498K | 575K | 552K | $48M |
| XOPSPDR SERIES TRUST | 24K | 25K | 26K | 142K | 236K | 207K | $38M |
| EDVVANGUARD WORLD FD | — | — | — | 45K | 212K | 384K | $25M |
| SLVISHARES SILVER TR | 623K | 709K | 724K | 566K | 316K | 313K | $21M |
| GLDSPDR GOLD TR | 54K | 36K | 37K | 37K | 37K | 37K | $16M |
| IEFISHARES TR | 68K | 119K | 123K | 147K | 83K | 120K | $11M |
| XLESELECT SECTOR SPDR TR | 77K | 78K | 83K | 87K | 169K | 171K | $10M |
| CEFSPROTT ASSET MANAGEMENT LP | 284K | 274K | 269K | 266K | 235K | 214K | $10M |
| SCHVSCHWAB STRATEGIC TR | 125K | 161K | 190K | 208K | 221K | 225K | $7M |
| GNRSPDR INDEX SHS FDS | 47K | 66K | 81K | 84K | 89K | 90K | $7M |
| VEUVANGUARD INTL EQUITY INDEX F | 70K | 68K | 69K | 70K | 66K | 66K | $5M |
| VWOVANGUARD INTL EQUITY INDEX F | 42K | 54K | 63K | 64K | 64K | 66K | $4M |
| DINOHF SINCLAIR CORP | 12K | 17K | 19K | 19K | 19K | 26K | $2M |
| SSRMSSR MINING IN | 49K | 50K | 53K | 44K | 43K | 52K | $2M |
| RIORIO TINTO PLC | 12K | 13K | 14K | 15K | 15K | 16K | $2M |
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.
