CIK 1845680
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 | 98.86% | 9 |
| Aerospace & Defense | 0.84% | 1 |
| Banks | 0.30% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | Unclassified | 87.01% |
| 2 | TIP | ISHARES TR | Unclassified | 2.54% |
| 3 | TLT | ISHARES TR | Unclassified | 2.45% |
| 4 | IAU | ISHARES GOLD TR | Unclassified | 2.32% |
| 5 | VEA | VANGUARD TAX-MANAGED FDS | Unclassified | 1.28% |
| 6 | VOO | VANGUARD INDEX FDS | Unclassified | 1.15% |
| 7 | VWO | VANGUARD INTL EQUITY INDEX F | Unclassified | 0.96% |
| 8 | BETA | BETA Technologies, Inc. | Industrials | 0.84% |
| 9 | DBC | INVESCO DB COMMDY INDX TRCK | Unclassified | 0.83% |
| 10 | GSG | ISHARES S&P GSCI COMMODITY- | Unclassified | 0.31% |
2/11 names classified · sector 1.1% of weight · industry 1.1% · mkt cap 0.8%; 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: 1.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/11 names) · unclassified 100.0%: GLD, TIP, TLT, IAU, VEA, VOO, VWO, BETA, DBC, GSG +1 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 | 1,106,395 | $476M | 87.0% | HOLD |
| 2 | TIPISHARES TR | 126,194 | $14M | 2.5% | HOLD |
| 3 | TLTISHARES TR | 154,653 | $13M | 2.5% | HOLD |
| 4 | IAUISHARES GOLD TR | 149,479 | $13M | 2.3% | HOLD |
| 5 | VEAVANGUARD TAX-MANAGED FDS | 113,061 | $7M | 1.3% | HOLD |
| 6 | VOOVANGUARD INDEX FDS | 10,836 | $6M | 1.2% | HOLD |
| 7 | VWOVANGUARD INTL EQUITY INDEX F | 100,287 | $5M | 1.0% | HOLD |
| 8 | BETABETA TECHNOLOGIES INC | 313,992 | $5M | 0.8% | NEW |
| 9 | DBCINVESCO DB COMMDY INDX TRCK | 155,962 | $5M | 0.8% | HOLD |
| 10 | GSGISHARES S&P GSCI COMMODITY- | 52,091 | $2M | 0.3% | HOLD |
| 11 | DJPBARCLAYS BANK PLC | 33,691 | $2M | 0.3% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GLDSPDR GOLD TR | — | — | — | — | 1.1M | 1.1M | $476M |
| TIPISHARES TR | — | — | — | — | 126K | 126K | $14M |
| TLTISHARES TR | — | — | — | — | 155K | 155K | $13M |
| IAUISHARES GOLD TR | — | — | — | — | 149K | 149K | $13M |
| VEAVANGUARD TAX-MANAGED FDS | — | — | — | — | 113K | 113K | $7M |
| VOOVANGUARD INDEX FDS | — | — | — | — | 11K | 11K | $6M |
| VWOVANGUARD INTL EQUITY INDEX F | — | — | — | — | 100K | 100K | $5M |
| BETABETA TECHNOLOGIES INC | — | — | — | — | — | 314K | $5M |
| DBCINVESCO DB COMMDY INDX TRCK | — | — | — | — | 156K | 156K | $5M |
| GSGISHARES S&P GSCI COMMODITY- | — | — | — | — | 52K | 52K | $2M |
| DJPBARCLAYS BANK PLC | — | — | — | — | 34K | 34K | $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.
