CIK 1892378
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 | 22.91% | 2 |
| Insurance | 21.14% | 1 |
| Specialty Retail | 17.01% | 2 |
| Distributors | 14.74% | 1 |
| Health Care Equipment & Supplies | 13.01% | 1 |
| Oil, Gas & Consumable Fuels | 3.62% | 1 |
| Software & IT Services | 3.10% | 1 |
| Construction Materials | 2.00% | 1 |
| Food Products | 1.18% | 1 |
| Pharmaceuticals & Biotechnology | 0.63% | 1 |
| Semiconductors & Semiconductor Equipment | 0.37% | 1 |
| Health Care Providers & Services | 0.05% | 2 |
| Automobiles & Components | 0.03% | 1 |
| Machinery | 0.03% | 2 |
| Construction & Engineering | 0.03% | 1 |
| Chemicals | 0.03% | 1 |
| Capital Markets | 0.03% | 1 |
| Commercial Services & Supplies | 0.03% | 1 |
| Road & Rail | 0.03% | 1 |
| Diversified Consumer Services | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PGR | PROGRESSIVE CORP/OH/ | Financials | 21.14% |
| 2 | AER | AERCAP HOLDINGS NV | Unclassified | 18.61% |
| 3 | AMZN | AMAZON COM INC | Consumer Discretionary | 16.99% |
| 4 | FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | 14.74% |
| 5 | MDLN | Medline Inc. | Health Care | 13.01% |
| 6 | VTEB | VANGUARD MUN BD FDS | Unclassified | 4.29% |
| 7 | EQT | EQT Corp | Energy | 3.62% |
| 8 | GOOGL | Alphabet Inc. | Communication Services | 3.10% |
| 9 | TECK | TECK RESOURCES LTD | Materials | 2.00% |
| 10 | BG | Bunge Global SA | Consumer Staples | 1.18% |
22/24 names classified · sector 77.1% of weight · industry 77.1% · mkt cap 77.1%; 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: 77.1% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 61.4% of book weight (18/24 names) · unclassified 38.6%: AER, MDLN, VTEB, TECK, KYTX, AHCO. 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 | PGRPROGRESSIVE CORP | 890,558 | $177M | 21.1% | ADD 3% |
| 2 | AERAERCAP HOLDINGS NV | 1,133,357 | $155M | 18.6% | HOLD |
| 3 | AMZNAMAZON COM INC | 681,280 | $142M | 17.0% | ADD 7% |
| 4 | FERGFERGUSON ENTERPRISES INC | 527,772 | $123M | 14.7% | ADD 13% |
| 5 | MDLNMEDLINE INC | 2,441,379 | $109M | 13.0% | HOLD |
| 6 | VTEBVANGUARD MUN BD FDS | 718,533 | $36M | 4.3% | ADD 29% |
| 7 | EQTEQT CORP | 475,000 | $30M | 3.6% | TRIM −23% |
| 8 | GOOGLALPHABET INC | 90,000 | $26M | 3.1% | TRIM −43% |
| 9 | TECKTECK RESOURCES LTD | 323,228 | $17M | 2.0% | TRIM −43% |
| 10 | BGBUNGE GLOBAL SA | 77,400 | $10M | 1.2% | TRIM −23% |
| 11 | KYTXKYVERNA THERAPEUTICS INC | 614,477 | $5M | 0.6% | HOLD |
| 12 | AVGOBROADCOM INC | 10,000 | $3M | 0.4% | TRIM −85% |
| 13 | GTXGARRETT MOTION INC | 15,768 | $286,505 | 0.0% | HOLD |
| 14 | IBPINSTALLED BLDG PRODS INC | 1,000 | $265,150 | 0.0% | HOLD |
| 15 | ESIELEMENT SOLUTIONS INC | 7,444 | $254,138 | 0.0% | NEW |
| 16 | AMGAFFILIATED MANAGERS GROUP | 894 | $247,370 | 0.0% | HOLD |
| 17 | IMXIINTERNATIONAL MONEY EXPRESS | 14,179 | $224,028 | 0.0% | HOLD |
| 18 | SAIASAIA INC | 618 | $217,091 | 0.0% | HOLD |
| 19 | AHCOADAPTHEALTH CORP | 18,132 | $215,771 | 0.0% | HOLD |
| 20 | VMDVIEMED HEALTHCARE INC | 23,384 | $215,367 | 0.0% | HOLD |
| 21 | UNFUNIFIRST CORP MASS | 854 | $214,858 | 0.0% | NEW |
| 22 | RUSHARUSH ENTERPRISES INC | 3,199 | $211,486 | 0.0% | NEW |
| 23 | HLMNHILLMAN SOLUTIONS CORP | 21,650 | $180,128 | 0.0% | HOLD |
| 24 | JBIJANUS INTERNATIONAL GROUP IN | 19,808 | $102,011 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PGRPROGRESSIVE CORP | 241K | 350K | 590K | 746K | 866K | 891K | $177M |
| AERAERCAP HOLDINGS NV | — | 517K | 841K | 1.1M | 1.1M | 1.1M | $155M |
| AMZNAMAZON COM INC | 105K | 189K | 189K | 439K | 636K | 681K | $142M |
| FERGFERGUSON ENTERPRISES INC | — | — | 268K | 293K | 468K | 528K | $123M |
| MDLNMEDLINE INC | — | — | — | — | 2.4M | 2.4M | $109M |
| VTEBVANGUARD MUN BD FDS | — | — | — | — | 558K | 719K | $36M |
| EQTEQT CORP | 796K | 668K | 617K | 617K | 617K | 475K | $30M |
| GOOGLALPHABET INC | 112K | 158K | 158K | 158K | 158K | 90K | $26M |
| TECKTECK RESOURCES LTD | 1.8M | 741K | 563K | 563K | 563K | 323K | $17M |
| BGBUNGE GLOBAL SA | 479K | 432K | 381K | 381K | 101K | 77K | $10M |
| KYTXKYVERNA THERAPEUTICS INC | 614K | 614K | 614K | 614K | 614K | 614K | $5M |
| AVGOBROADCOM INC | 98K | 100K | 100K | 75K | 65K | 10K | $3M |
| GTXGARRETT MOTION INC | 15K | 15K | 16K | 16K | 16K | 16K | $286,505 |
| IBPINSTALLED BLDG PRODS INC | — | — | — | 1K | 1K | 1K | $265,150 |
| ESIELEMENT SOLUTIONS INC | — | — | — | — | — | 7K | $254,138 |
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.
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