CIK 1907809
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 |
|---|---|---|
| Hotels, Restaurants & Leisure | 29.33% | 2 |
| Metals & Mining | 20.79% | 7 |
| Oil, Gas & Consumable Fuels | 12.02% | 4 |
| Health Care Equipment & Supplies | 8.86% | 1 |
| Coal & Consumable Fuels | 7.37% | 3 |
| Food Products | 7.37% | 2 |
| Software | 4.13% | 1 |
| Software & IT Services | 3.73% | 2 |
| Unclassified | 3.72% | 2 |
| Commercial Services & Supplies | 1.22% | 1 |
| Banks | 0.59% | 1 |
| Life Sciences Tools & Services | 0.48% | 1 |
| Chemicals | 0.41% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | HGV | Hilton Grand Vacations Inc. | Consumer Discretionary | 22.18% |
| 2 | IAG | IAMGOLD CORP | Materials | 9.12% |
| 3 | ESTA | ESTABLISHMENT LABS HOLDINGS INC. | Health Care | 8.86% |
| 4 | MGM | MGM Resorts International | Consumer Discretionary | 7.14% |
| 5 | DAR | DARLING INGREDIENTS INC. | Consumer Staples | 5.36% |
| 6 | CNQ | CANADIAN NATURAL RESOURCES LTD | Energy | 5.29% |
| 7 | ORLA | Orla Mining Ltd. | Materials | 4.34% |
| 8 | APPN | APPIAN CORP | Information Technology | 4.13% |
| 9 | AGI | ALAMOS GOLD INC CLASS A | Materials | 4.07% |
| 10 | HCC | WARRIOR MET COAL, INC. | Energy | 3.31% |
26/28 names classified · sector 96.3% of weight · industry 96.3% · mkt cap 81.8%; 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: 96.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 53.9% of book weight (12/28 names) · unclassified 46.1%: IAG, ESTA, CNQ, ORLA, AGI, , FLUT, BSM, SSL, HBM +6 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 | HGVHILTON GRAND VACATIONS INC | 2,778,706 | $109M | 22.2% | ADD 7% |
| 2 | IAGIAMGOLD CORP | 2,375,300 | $45M | 9.1% | HOLD |
| 3 | ESTAESTABLISHMENT LABS HLDGS INC | 764,563 | $43M | 8.9% | ADD 9% |
| 4 | MGMMGM RESORTS INTERNATIONAL | 945,938 | $35M | 7.1% | ADD 10% |
| 5 | DARDARLING INGREDIENTS INC | 424,841 | $26M | 5.4% | ADD 92% |
| 6 | CNQCANADIAN NAT RES LTD | 532,366 | $26M | 5.3% | TRIM −16% |
| 7 | ORLAORLA MNG LTD NEW | 1,317,600 | $21M | 4.3% | TRIM −8% |
| 8 | APPNAPPIAN CORP | 839,400 | $20M | 4.1% | NEW |
| 9 | AGIALAMOS GOLD INC NEW | 449,204 | $20M | 4.1% | ADD 42% |
| 10 | HCCWARRIOR MET COAL INC | 174,000 | $16M | 3.3% | TRIM −68% |
| 11 | CNRCORE NATURAL RESOURCES INC | 144,400 | $15M | 3.1% | NEW |
| 12 | EXEEXPAND ENERGY CORPORATION | 123,700 | $14M | 2.8% | ADD 7% |
| 13 | TASEKO MINES LTD | 2,053,209 | $13M | 2.7% | TRIM −53% |
| 14 | FLUTFLUTTER ENTMT PLC | 116,976 | $12M | 2.4% | ADD 226% |
| 15 | BSMBLACK STONE MINERALS L P | 760,877 | $12M | 2.3% | HOLD |
| 16 | BGBUNGE GLOBAL SA | 77,200 | $10M | 2.0% | NEW |
| 17 | SSLSASOL LTD | 607,325 | $8M | 1.6% | NEW |
| 18 | HBMHUDBAY MINERALS INC | 317,389 | $7M | 1.4% | TRIM −66% |
| 19 | ZMZOOM COMMUNICATIONS INC | 78,800 | $6M | 1.3% | NEW |
| 20 | SPGIS&P GLOBAL INC | 14,000 | $6M | 1.2% | NEW |
| 21 | KGCKINROSS GOLD CORP | 174,335 | $5M | 1.1% | HOLD |
| 22 | AAUCALLIED GOLD CORP | 160,234 | $5M | 1.0% | TRIM −67% |
| 23 | NCNACCO INDS INC | 92,520 | $5M | 1.0% | HOLD |
| 24 | ODVOSISKO DEVELOPMENT CORP | 1,100,000 | $4M | 0.7% | NEW |
| 25 | VBNKVERSABANK NEW | 202,925 | $3M | 0.6% | ADD 108% |
| 26 | MXCTMAXCYTE INC | 3,370,689 | $2M | 0.5% | HOLD |
| 27 | ASIXADVANSIX INC | 82,807 | $2M | 0.4% | NEW |
| 28 | BBARRICK MNG CORP | 11,200 | $456,848 | 0.1% | TRIM −93% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| HGVHILTON GRAND VACATIONS INC | 961K | 1.1M | 2.1M | 2.3M | 2.6M | 2.8M | $109M |
| IAGIAMGOLD CORP | 1.5M | 2.1M | 2.7M | 2.7M | 2.4M | 2.4M | $45M |
| ESTAESTABLISHMENT LABS HLDGS INC | 415K | 479K | 601K | 687K | 700K | 765K | $43M |
| MGMMGM RESORTS INTERNATIONAL | — | — | 304K | 628K | 861K | 946K | $35M |
| DARDARLING INGREDIENTS INC | — | — | 112K | 112K | 221K | 425K | $26M |
| CNQCANADIAN NAT RES LTD | 569K | 637K | 637K | 637K | 637K | 532K | $26M |
| ORLAORLA MNG LTD NEW | — | — | — | 1.4M | 1.4M | 1.3M | $21M |
| APPNAPPIAN CORP | — | — | — | — | — | 839K | $20M |
| AGIALAMOS GOLD INC NEW | 497K | 497K | 478K | 287K | 316K | 449K | $20M |
| HCCWARRIOR MET COAL INC | 394K | 417K | 559K | 563K | 536K | 174K | $16M |
| CNRCORE NATURAL RESOURCES INC | — | — | — | — | — | 144K | $15M |
| EXEEXPAND ENERGY CORPORATION | — | 83K | 110K | 115K | 115K | 124K | $14M |
| TASEKO MINES LTD | — | — | 1.6M | 2.8M | 4.4M | 2.1M | $13M |
| FLUTFLUTTER ENTMT PLC | 19K | 35K | 37K | 39K | 36K | 117K | $12M |
| BSMBLACK STONE MINERALS L P | 761K | 761K | 761K | 761K | 761K | 761K | $12M |
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.
