CIK 1888610
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 |
|---|---|---|
| Commercial Services & Supplies | 51.43% | 6 |
| Road & Rail | 10.70% | 1 |
| Software & IT Services | 9.00% | 2 |
| Unclassified | 7.97% | 1 |
| Distributors | 6.28% | 1 |
| Real Estate Management & Development | 5.84% | 1 |
| Utilities | 4.86% | 1 |
| Transportation Infrastructure | 3.67% | 1 |
| Construction Materials | 0.24% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GFL | GFL Environmental Inc. | Industrials | 13.10% |
| 2 | DRVN | Driven Brands Holdings Inc. | Industrials | 12.21% |
| 3 | APG | APi Group Corp | Industrials | 10.98% |
| 4 | TFII | TFI INTERNATIONAL INC | Industrials | 10.70% |
| 5 | AMRZ | AMRIZE LTD | Unclassified | 7.97% |
| 6 | FLYW | Flywire Corp | Industrials | 6.95% |
| 7 | DSGR | Distribution Solutions Group, Inc. | Consumer Discretionary | 6.28% |
| 8 | FSV | FirstService Corp | Real Estate | 5.84% |
| 9 | MGNI | MAGNITE, INC. | Information Technology | 5.21% |
| 10 | CTRI | Centuri Holdings, Inc. | Utilities | 4.86% |
14/15 names classified · sector 92.0% of weight · industry 92.0% · mkt cap 76.9%; 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: 92.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 52.9% of book weight (9/15 names) · unclassified 47.1%: GFL, APG, TFII, AMRZ, KSPI, TTAM. 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 | GFLGFL ENVIRONMENTAL INC | 204,000 | $9M | 13.1% | TRIM −32% |
| 2 | DRVNDRIVEN BRANDS HLDGS INC | 629,000 | $8M | 12.2% | ADD 10% |
| 3 | APGAPI GROUP CORP | 176,000 | $7M | 11.0% | TRIM −61% |
| 4 | TFIITFI INTL INC | 64,000 | $7M | 10.7% | ADD 100% |
| 5 | AMRZAMRIZE LTD | 92,438 | $5M | 8.0% | ADD 25% |
| 6 | FLYWFLYWIRE CORPORATION | 388,000 | $5M | 7.0% | TRIM −34% |
| 7 | DSGRDISTRIBUTION SOLUTIONS GRP I | 155,488 | $4M | 6.3% | ADD 29% |
| 8 | FSVFIRSTSERVICE CORP NEW | 27,319 | $4M | 5.8% | TRIM −32% |
| 9 | MGNIMAGNITE INC | 285,000 | $3M | 5.2% | TRIM −14% |
| 10 | CTRICENTURI HOLDINGS INC | 108,000 | $3M | 4.9% | NEW |
| 11 | KSPIKASPI KZ JSC | 36,416 | $3M | 4.2% | TRIM −24% |
| 12 | PRTHPRIORITY TECHNOLOGY HLDGS IN | 556,016 | $3M | 4.0% | TRIM −12% |
| 13 | DSPVIANT TECHNOLOGY INC | 220,000 | $2M | 3.8% | ADD 123% |
| 14 | VRRMVERRA MOBILITY CORP | 167,000 | $2M | 3.7% | NEW |
| 15 | TTAMTITAN AMER SA | 10,223 | $153,141 | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GFLGFL ENVIRONMENTAL INC | — | 220K | 312K | 265K | 298K | 204K | $9M |
| DRVNDRIVEN BRANDS HLDGS INC | — | 927K | 778K | 239K | 570K | 629K | $8M |
| APGAPI GROUP CORP | 688K | 433K | 371K | 556K | 446K | 176K | $7M |
| TFIITFI INTL INC | 81K | 72K | 36K | 32K | 32K | 64K | $7M |
| AMRZAMRIZE LTD | — | — | — | 78K | 74K | 92K | $5M |
| FLYWFLYWIRE CORPORATION | 435K | 446K | 580K | 861K | 588K | 388K | $5M |
| DSGRDISTRIBUTION SOLUTIONS GRP I | 674K | 311K | 141K | 121K | 121K | 155K | $4M |
| FSVFIRSTSERVICE CORP NEW | — | 13K | 29K | 20K | 40K | 27K | $4M |
| MGNIMAGNITE INC | — | — | 462K | 430K | 330K | 285K | $3M |
| CTRICENTURI HOLDINGS INC | — | — | — | — | — | 108K | $3M |
| KSPIKASPI KZ JSC | — | — | 95K | 105K | 48K | 36K | $3M |
| PRTHPRIORITY TECHNOLOGY HLDGS IN | — | — | — | — | 630K | 556K | $3M |
| DSPVIANT TECHNOLOGY INC | — | 232K | — | — | 99K | 220K | $2M |
| VRRMVERRA MOBILITY CORP | — | — | — | — | — | 167K | $2M |
| TTAMTITAN AMER SA | — | — | — | — | — | 10K | $153,141 |
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.
