CIK 1849457
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-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 | 71.37% | 5 |
| Health Care Providers & Services | 15.24% | 4 |
| Unclassified | 5.40% | 1 |
| Food & Staples Retailing | 4.71% | 1 |
| Distributors | 3.29% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MOH | MOLINA HEALTHCARE, INC. | Financials | 22.92% |
| 2 | CNC | CENTENE CORP | Financials | 22.31% |
| 3 | ELV | Elevance Health, Inc. | Financials | 20.66% |
| 4 | BTSG | BrightSpring Health Services, Inc. | Health Care | 9.00% |
| 5 | ENHABIT INC | Unclassified | 5.40% | |
| 6 | CVS | CVS HEALTH Corp | Consumer Staples | 4.71% |
| 7 | ALHC | Alignment Healthcare, Inc. | Financials | 4.25% |
| 8 | HCSG | HEALTHCARE SERVICES GROUP INC | Health Care | 3.51% |
| 9 | CAH | CARDINAL HEALTH INC | Consumer Discretionary | 3.29% |
| 10 | PACS | PACS Group, Inc. | Health Care | 2.70% |
11/12 names classified · sector 94.6% of weight · industry 94.6% · mkt cap 94.6%; 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: 94.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 66.8% of book weight (8/12 names) · unclassified 33.2%: CNC, , ALHC, EHTH. 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 | MOHMOLINA HEALTHCARE INC | 1,146,378 | $199M | 22.9% | NEW |
| 2 | CNCCENTENE CORP DEL | 4,706,250 | $194M | 22.3% | TRIM −10% |
| 3 | ELVELEVANCE HEALTH INC FORMERLY | 511,585 | $179M | 20.7% | ADD 187% |
| 4 | BTSGBRIGHTSPRING HEALTH SVCS INC | 2,087,076 | $78M | 9.0% | ADD 20% |
| 5 | ENHABIT INC | 5,084,714 | $47M | 5.4% | ADD 21% |
| 6 | CVSCVS HEALTH CORP | 514,834 | $41M | 4.7% | TRIM −56% |
| 7 | ALHCALIGNMENT HEALTHCARE INC | 1,868,367 | $37M | 4.3% | TRIM −35% |
| 8 | HCSGHEALTHCARE SVCS GROUP INC | 1,592,565 | $30M | 3.5% | TRIM −53% |
| 9 | CAHCARDINAL HEALTH INC | 138,795 | $29M | 3.3% | NEW |
| 10 | PACSPACS GROUP INC | 610,070 | $23M | 2.7% | NEW |
| 11 | EHTHEHEALTH INC | 2,332,017 | $11M | 1.2% | HOLD |
| 12 | PNTGPENNANT GROUP INC | 8,705 | $245,046 | 0.0% | TRIM −100% |
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