CIK 1845806
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 |
|---|---|---|
| Chemicals | 27.98% | 3 |
| Banks | 20.58% | 1 |
| Health Care Providers & Services | 15.88% | 1 |
| Machinery | 13.24% | 1 |
| Construction Materials | 12.64% | 1 |
| Insurance | 7.68% | 3 |
| Metals & Mining | 1.70% | 1 |
| Capital Markets | 0.29% | 1 |
| Health Care Equipment & Supplies | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TBBK | Bancorp, Inc. | Financials | 20.58% |
| 2 | ENSG | ENSIGN GROUP, INC | Health Care | 15.88% |
| 3 | TKR | TIMKEN CO | Industrials | 13.24% |
| 4 | WMS | ADVANCED DRAINAGE SYSTEMS, INC. | Materials | 12.68% |
| 5 | TGLS | Tecnoglass Inc. | Materials | 12.64% |
| 6 | SXT | SENSIENT TECHNOLOGIES CORP | Materials | 9.11% |
| 7 | CRVL | CORVEL CORP | Financials | 6.66% |
| 8 | ECVT | Ecovyst Inc. | Materials | 6.19% |
| 9 | IIIN | INSTEEL INDUSTRIES INC | Materials | 1.70% |
| 10 | ARX | Accelerant Holdings | Financials | 0.98% |
13/13 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 99.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 99.0% of book weight (11/13 names) · unclassified 1.0%: ARX, BEAT. 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 | TBBKBANCORP INC DEL | 1,094,455 | $59M | 20.6% | ADD 12% |
| 2 | ENSGENSIGN GROUP INC | 225,228 | $45M | 15.9% | TRIM −25% |
| 3 | TKRTimken Co. | 376,117 | $38M | 13.2% | NEW |
| 4 | WMSADVANCED DRAIN SYS INC DEL | 264,101 | $36M | 12.7% | ADD 47% |
| 5 | TGLSTECNOGLASS INC | 810,378 | $36M | 12.6% | TRIM −4% |
| 6 | SXTSENSIENT TECHNOLOGIES CORP | 301,241 | $26M | 9.1% | ADD 47% |
| 7 | CRVLCORVEL CORP | 348,329 | $19M | 6.7% | NEW |
| 8 | ECVTECOVYST INC | 1,374,674 | $18M | 6.2% | TRIM −25% |
| 9 | IIININSTEEL INDS INC | 144,544 | $5M | 1.7% | NEW |
| 10 | ARXACCELERANT HOLDINGS | 209,707 | $3M | 1.0% | NEW |
| 11 | IBKRINTERACTIVE BROKERS GROUP IN | 12,500 | $838,375 | 0.3% | TRIM −43% |
| 12 | GSHDGOOSEHEAD INS INC | 2,266 | $96,668 | 0.0% | ADD 2166% |
| 13 | BEATHEARTBEAM INC | 25,046 | $30,556 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TBBKBANCORP INC DEL | 932K | 1.2M | 1.3M | 1.2M | 974K | 1.1M | $59M |
| ENSGENSIGN GROUP INC | 377K | 425K | 405K | 406K | 300K | 225K | $45M |
| TKRTimken Co. | — | — | — | — | — | 376K | $38M |
| WMSADVANCED DRAIN SYS INC DEL | 192K | 369K | 338K | 304K | 179K | 264K | $36M |
| TGLSTECNOGLASS INC | 720K | 616K | 513K | 910K | 846K | 810K | $36M |
| SXTSENSIENT TECHNOLOGIES CORP | — | — | — | — | 205K | 301K | $26M |
| CRVLCORVEL CORP | — | — | — | — | — | 348K | $19M |
| ECVTECOVYST INC | — | 264K | 522K | 1.7M | 1.8M | 1.4M | $18M |
| IIININSTEEL INDS INC | 8K | 66K | 5K | — | — | 145K | $5M |
| ARXACCELERANT HOLDINGS | — | — | — | — | — | 210K | $3M |
| IBKRINTERACTIVE BROKERS GROUP IN | 6K | 6K | 22K | 22K | 22K | 13K | $838,375 |
| GSHDGOOSEHEAD INS INC | 501K | 485K | 493K | 100 | 100 | 2K | $96,668 |
| BEATHEARTBEAM INC | — | — | — | — | — | 25K | $30,556 |
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.
