CIK 1852314
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 | 22.65% | 13 |
| Banks | 15.15% | 6 |
| Equity Real Estate Investment Trusts (REITs) | 14.33% | 5 |
| Marine | 14.04% | 9 |
| Coal & Consumable Fuels | 10.56% | 5 |
| Specialty Retail | 3.07% | 2 |
| Utilities | 2.81% | 1 |
| Oil, Gas & Consumable Fuels | 2.61% | 2 |
| Metals & Mining | 2.44% | 3 |
| Construction Materials | 2.35% | 3 |
| Automobiles & Components | 2.20% | 1 |
| Real Estate Management & Development | 1.79% | 2 |
| Paper & Forest Products | 1.45% | 2 |
| Construction & Engineering | 1.10% | 1 |
| Chemicals | 1.02% | 3 |
| Capital Markets | 0.63% | 1 |
| Distributors | 0.50% | 1 |
| Hotels, Restaurants & Leisure | 0.47% | 2 |
| Entertainment | 0.46% | 1 |
| Diversified Telecommunication Services | 0.38% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | WULF | TERAWULF INC. | Financials | 6.59% |
| 2 | SBLK | STAR BULK CARRIERS CORP. | Unclassified | 6.57% |
| 3 | CNR | Core Natural Resources, Inc. | Energy | 5.15% |
| 4 | TRMD | TORM PLC | Unclassified | 4.60% |
| 5 | JBGS | JBG SMITH Properties | Real Estate | 4.39% |
| 6 | HCC | WARRIOR MET COAL, INC. | Energy | 3.46% |
| 7 | FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | Financials | 3.13% |
| 8 | TDW | TIDEWATER INC | Industrials | 3.06% |
| 9 | ASC | Ardmore Shipping Corp | Industrials | 3.03% |
| 10 | TLN | Talen Energy Corp | Utilities | 2.81% |
52/64 names classified · sector 77.6% of weight · industry 77.4% · mkt cap 72.6%; 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: 77.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 42% of book weight classified — the grid is NOT representative of the whole book.
Classified: 41.5% of book weight (27/64 names) · unclassified 58.5%: WULF, SBLK, TRMD, JBGS, ASC, TLN, NMM, NXRT, ECO, CIFR +27 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 | WULFTERAWULF INC | 686,762 | $10M | 6.6% | ADD 21% |
| 2 | SBLKSTAR BULK CARRIERS CORP. | 430,282 | $10M | 6.6% | ADD 19% |
| 3 | CNRCORE NATURAL RESOURCES INC | 73,984 | $8M | 5.2% | ADD 9% |
| 4 | TRMDTORM PLC | 247,762 | $7M | 4.6% | HOLD |
| 5 | JBGSJBG SMITH PPTYS | 451,873 | $7M | 4.4% | ADD 17% |
| 6 | HCCWARRIOR MET COAL INC | 55,913 | $5M | 3.5% | TRIM −25% |
| 7 | FCNCAFIRST CTZNS BANCSHARES INC D | 2,499 | $5M | 3.1% | ADD 19% |
| 8 | TDWTIDEWATER INC NEW | 55,120 | $5M | 3.1% | TRIM −38% |
| 9 | ASCARDMORE SHIPPING CORP | 299,357 | $5M | 3.0% | TRIM −18% |
| 10 | TLNTALEN ENERGY CORP | 13,264 | $4M | 2.8% | ADD 130% |
| 11 | DEIDOUGLAS EMMETT INC | 436,290 | $4M | 2.7% | NEW |
| 12 | NMMNAVIOS MARITIME PARTNERS L P | 57,682 | $4M | 2.6% | TRIM −40% |
| 13 | ALXALEXANDERS INC | 15,841 | $4M | 2.5% | ADD 32% |
| 14 | VNOVORNADO RLTY TR | 142,592 | $4M | 2.5% | ADD 1041% |
| 15 | NXRTNEXPOINT RESIDENTIAL TR INC | 135,606 | $3M | 2.3% | TRIM −22% |
| 16 | GTXGARRETT MOTION INC | 181,863 | $3M | 2.2% | TRIM −20% |
| 17 | SHWSHERWIN WILLIAMS CO | 9,336 | $3M | 2.0% | ADD 5% |
| 18 | ECOOKEANIS ECO TANKERS COR | 53,253 | $3M | 1.8% | ADD 561% |
| 19 | CENXCENTURY ALUM CO | 45,298 | $3M | 1.8% | TRIM −58% |
| 20 | CIFRCIPHER MINING INC | 205,900 | $3M | 1.8% | NEW |
| 21 | CORZCORE SCIENTIFIC INC NEW | 170,476 | $3M | 1.7% | TRIM −23% |
| 22 | NBISNEBIUS GROUP N.V. | 23,358 | $2M | 1.6% | TRIM −47% |
| 23 | EXPEAGLE MATLS INC | 11,939 | $2M | 1.5% | ADD 32% |
| 24 | RIGTRANSOCEAN LTD | 339,253 | $2M | 1.5% | ADD 17% |
| 25 | HSHPHIMALAYA SHIPPING LTD | 164,032 | $2M | 1.5% | NEW |
| 26 | CLSKCLEANSPARK INC | 254,376 | $2M | 1.4% | NEW |
| 27 | FROFrontline, LTD. | 59,287 | $2M | 1.4% | TRIM −46% |
| 28 | COMPCOMPASS INC | 271,779 | $2M | 1.3% | NEW |
| 29 | STNGSCORPIO TANKERS INC | 26,333 | $2M | 1.3% | TRIM −6% |
| 30 | GNKGENCO SHIPPING & TRADING LTD | 86,023 | $2M | 1.3% | TRIM −69% |
| 31 | FBINFORTUNE BRANDS INNOVATIONS I | 48,100 | $2M | 1.2% | NEW |
| 32 | METCRAMACO RES INC | 117,665 | $2M | 1.2% | NEW |
| 33 | INSWINTERNATIONAL SEAWAYS INC | 24,597 | $2M | 1.2% | TRIM −80% |
| 34 | CMBTCMB.TECH NV | 140,594 | $2M | 1.2% | TRIM −24% |
| 35 | GLDSPDR GOLD TR | 4,121 | $2M | 1.2% | TRIM −38% |
| 36 | TNKTEEKAY TANKERS LTD | 23,567 | $2M | 1.1% | ADD 2% |
| 37 | VALVALARIS LTD | 17,075 | $2M | 1.1% | TRIM −8% |
| 38 | LENLENNAR CORP | 19,000 | $2M | 1.1% | NEW |
| 39 | BLDRBUILDERS FIRSTSOURCE INC | 19,772 | $2M | 1.1% | NEW |
| 40 | DHTDHT HOLDINGS INC | 75,434 | $1M | 0.9% | TRIM −49% |
| 41 | HAFNHAFNIA LTD | 165,245 | $1M | 0.8% | TRIM −59% |
| 42 | NVGSNAVIGATOR HLDGS LTD | 50,000 | $966,500 | 0.6% | NEW |
| 43 | KKRKKR & CO INC | 10,219 | $945,258 | 0.6% | ADD 12% |
| 44 | MLMMARTIN MARIETTA MATLS INC | 1,491 | $877,722 | 0.6% | ADD 15% |
| 45 | HUTHUT 8 CORP | 17,143 | $804,178 | 0.5% | TRIM −77% |
| 46 | QXOQXO INC | 38,700 | $751,554 | 0.5% | NEW |
| 47 | HPPHUDSON PAC PPTYS INC | 118,925 | $702,847 | 0.5% | NEW |
| 48 | SEGSEAPORT ENTMT GROUP INC | 32,300 | $693,804 | 0.5% | HOLD |
| 49 | MTARCELORMITTAL SA LUXEMBOURG | 12,888 | $669,918 | 0.4% | TRIM −13% |
| 50 | AMRALPHA METALLURGICAL RESOUR I | 3,077 | $631,616 | 0.4% | TRIM −45% |
| 51 | CECELANESE CORP DEL | 9,300 | $611,661 | 0.4% | NEW |
| 52 | ECHOECHOSTAR CORP | 4,946 | $579,028 | 0.4% | TRIM −42% |
| 53 | SHIPSEANERGY MARITIME HLDGS CORP | 39,559 | $510,707 | 0.3% | NEW |
| 54 | OLNOLIN CORP | 16,309 | $484,867 | 0.3% | TRIM −64% |
| 55 | BTUPEABODY ENERGY CORP | 14,312 | $471,580 | 0.3% | TRIM −37% |
| 56 | WLKWESTLAKE CORPORATION | 3,802 | $444,150 | 0.3% | TRIM −68% |
| 57 | OCOWENS CORNING NEW | 3,590 | $388,510 | 0.3% | NEW |
| 58 | WHWYNDHAM HOTELS & RESORTS INC | 4,647 | $377,476 | 0.3% | ADD 15% |
| 59 | BRK.BBERKSHIRE HATHAWAY INC DEL | 710 | $340,232 | 0.2% | TRIM −10% |
| 60 | CLFCLEVELAND-CLIFFS INC NEW | 39,613 | $334,730 | 0.2% | ADD 39% |
| 61 | CZRCAESARS ENTERTAINMENT INC NE | 12,653 | $334,419 | 0.2% | TRIM −42% |
| 62 | LEN.BLENNAR CORP | 3,717 | $312,674 | 0.2% | ADD 16% |
| 63 | WFGWEST FRASER TIMBER CO LTD | 4,676 | $305,296 | 0.2% | TRIM −41% |
| 64 | TENTSAKOS ENERGY NAVIGATION LTD | 5,691 | $224,567 | 0.1% | TRIM −83% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WULFTERAWULF INC | — | — | — | — | 566K | 687K | $10M |
| SBLKSTAR BULK CARRIERS CORP. | — | — | — | — | 361K | 430K | $10M |
| CNRCORE NATURAL RESOURCES INC | — | — | — | — | 68K | 74K | $8M |
| TRMDTORM PLC | — | — | — | — | 246K | 248K | $7M |
| JBGSJBG SMITH PPTYS | — | — | — | — | 385K | 452K | $7M |
| HCCWARRIOR MET COAL INC | — | — | — | — | 74K | 56K | $5M |
| FCNCAFIRST CTZNS BANCSHARES INC D | — | — | — | — | 2K | 2K | $5M |
| TDWTIDEWATER INC NEW | — | — | — | — | 90K | 55K | $5M |
| ASCARDMORE SHIPPING CORP | — | — | — | — | 366K | 299K | $5M |
| TLNTALEN ENERGY CORP | — | — | — | — | 6K | 13K | $4M |
| DEIDOUGLAS EMMETT INC | — | — | — | — | — | 436K | $4M |
| NMMNAVIOS MARITIME PARTNERS L P | — | — | — | — | 96K | 58K | $4M |
| ALXALEXANDERS INC | — | — | — | — | 12K | 16K | $4M |
| VNOVORNADO RLTY TR | — | — | — | — | 13K | 143K | $4M |
| NXRTNEXPOINT RESIDENTIAL TR INC | — | — | — | — | 173K | 136K | $3M |
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.
