CIK 1897652
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 |
|---|---|---|
| Diversified Telecommunication Services | 27.42% | 2 |
| Communications Equipment | 27.18% | 1 |
| Unclassified | 11.52% | 4 |
| Media & Publishing | 7.99% | 1 |
| Commercial Services & Supplies | 6.45% | 1 |
| Coal & Consumable Fuels | 6.17% | 1 |
| Software & IT Services | 5.41% | 1 |
| Media & Entertainment | 4.56% | 2 |
| Real Estate Management & Development | 3.29% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VISN | Vistance Networks, Inc. | Information Technology | 27.18% |
| 2 | TDS | TELEPHONE & DATA SYSTEMS INC /DE/ | Communication Services | 19.48% |
| 3 | HOLX | HOLOGIC INC | Unclassified | 11.51% |
| 4 | TDAY | USA TODAY Co., Inc. | Communication Services | 7.99% |
| 5 | ECHO | EchoStar CORP | Communication Services | 7.94% |
| 6 | CAR | AVIS BUDGET GROUP, INC. | Industrials | 6.45% |
| 7 | METC | Ramaco Resources, Inc. | Energy | 6.17% |
| 8 | PPLI | People Inc | Information Technology | 5.41% |
| 9 | IHRT | iHeartMedia, Inc. | Communication Services | 3.72% |
| 10 | STHO | Star Holdings | Real Estate | 3.29% |
10/14 names classified · sector 88.5% of weight · industry 88.5% · mkt cap 88.5%; 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: 88.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 41% of book weight classified — the grid is NOT representative of the whole book.
Classified: 41.3% of book weight (3/14 names) · unclassified 58.7%: TDS, HOLX, ECHO, CAR, PPLI, IHRT, STHO, OPTU, MDAIW, BAERW +1 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 | VISNCOMMSCOPE HLDG CO INC | 3,037,598 | $55M | 27.2% | ADD 53% |
| 2 | TDSTELEPHONE & DATA SYS INC | 940,927 | $40M | 19.5% | TRIM −22% |
| 3 | HOLXHOLOGIC INC | 309,800 | $23M | 11.5% | NEW |
| 4 | TDAYUSA TODAY CO INC | 2,306,441 | $16M | 8.0% | HOLD |
| 5 | ECHOECHOSTAR CORP | 138,001 | $16M | 7.9% | TRIM −75% |
| 6 | CARAVIS BUDGET GROUP | 90,000 | $13M | 6.5% | NEW |
| 7 | METCRAMACO RES INC | 811,760 | $13M | 6.2% | ADD 154% |
| 8 | PPLIIAC INC | 274,650 | $11M | 5.4% | NEW |
| 9 | IHRTIHEARTMEDIA INC | 2,594,105 | $8M | 3.7% | HOLD |
| 10 | STHOSTAR HLDGS | 883,897 | $7M | 3.3% | HOLD |
| 11 | OPTUOPTIMUM COMMUNICATIONS INC | 1,310,063 | $2M | 0.8% | TRIM −72% |
| 12 | MDAIWSPECTRAL AI INC | 11,666 | $6,532 | 0.0% | HOLD |
| 13 | BAERWBRIDGER AEROSPACE GRP HLDGS | 10,000 | $3,900 | 0.0% | HOLD |
| 14 | SDAWWSUNCAR TECHNOLOGY GROUP INC | 10,000 | $2,500 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VISNCOMMSCOPE HLDG CO INC | 5.9M | 7.1M | 4.1M | 2.8M | 2.0M | 3.0M | $55M |
| TDSTELEPHONE & DATA SYS INC | 1.4M | 1.4M | 1.6M | 1.4M | 1.2M | 941K | $40M |
| HOLXHOLOGIC INC | — | — | — | — | — | 310K | $23M |
| TDAYUSA TODAY CO INC | — | — | — | — | 2.3M | 2.3M | $16M |
| ECHOECHOSTAR CORP | — | — | — | 598K | 554K | 138K | $16M |
| CARAVIS BUDGET GROUP | — | — | — | — | — | 90K | $13M |
| METCRAMACO RES INC | — | — | — | — | 319K | 812K | $13M |
| PPLIIAC INC | — | — | — | — | — | 275K | $11M |
| IHRTIHEARTMEDIA INC | — | 1.9M | 1.9M | 2.4M | 2.6M | 2.6M | $8M |
| STHOSTAR HLDGS | 946K | 884K | 884K | 884K | 884K | 884K | $7M |
| OPTUOPTIMUM COMMUNICATIONS INC | 976K | 1.5M | 3.6M | 4.1M | 4.6M | 1.3M | $2M |
| MDAIWSPECTRAL AI INC | 12K | 12K | 12K | 12K | 12K | 12K | $6,532 |
| BAERWBRIDGER AEROSPACE GRP HLDGS | 10K | — | 10K | 10K | 10K | 10K | $3,900 |
| SDAWWSUNCAR TECHNOLOGY GROUP INC | 10K | 10K | 10K | 10K | 10K | 10K | $2,500 |
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.
