CIK 1939480
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 |
|---|---|---|
| Aerospace & Defense | 29.49% | 1 |
| Utilities | 27.21% | 1 |
| Commercial Services & Supplies | 19.60% | 3 |
| Diversified Telecommunication Services | 7.04% | 1 |
| Unclassified | 4.55% | 3 |
| Specialty Retail | 3.63% | 2 |
| Marine | 1.29% | 1 |
| Banks | 1.19% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 1.10% | 1 |
| Semiconductors & Semiconductor Equipment | 1.08% | 1 |
| Capital Markets | 1.06% | 1 |
| Health Care Providers & Services | 0.81% | 1 |
| Distributors | 0.76% | 1 |
| Insurance | 0.55% | 1 |
| Paper & Forest Products | 0.37% | 1 |
| Entertainment | 0.27% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | KRMN | Karman Holdings Inc. | Industrials | 29.49% |
| 2 | CEG | Constellation Energy Corp | Utilities | 27.21% |
| 3 | CART | Maplebear Inc. | Industrials | 17.21% |
| 4 | SHEN | SHENANDOAH TELECOMMUNICATIONS CO/VA/ | Communication Services | 7.04% |
| 5 | AMZN | AMAZON COM INC | Consumer Discretionary | 2.96% |
| 6 | FSSL | FS SPECIALTY LENDING FD | Unclassified | 2.01% |
| 7 | OTF | BLUE OWL TECHNOLOGY FINANCE | Unclassified | 1.94% |
| 8 | CLH | CLEAN HARBORS INC | Industrials | 1.71% |
| 9 | VIK | Viking Holdings Ltd | Industrials | 1.29% |
| 10 | LINE | Lineage, Inc. | Real Estate | 1.10% |
19/22 names classified · sector 95.5% of weight · industry 95.5% · mkt cap 93.2%; 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: 95.5% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 90.8% of book weight (13/22 names) · unclassified 9.2%: FSSL, OTF, VIK, TSM, NTRA, NU, AER, HDB, BRSL. 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 | KRMNKARMAN HLDGS INC | 3,319,366 | $266M | 29.5% | HOLD |
| 2 | CEGCONSTELLATION ENERGY CORP | 878,015 | $245M | 27.2% | NEW |
| 3 | CARTMAPLEBEAR INC | 4,140,924 | $155M | 17.2% | HOLD |
| 4 | SHENSHENANDOAH TELECOMMUNICATION | 4,116,050 | $63M | 7.0% | HOLD |
| 5 | AMZNAMAZON COM INC | 127,937 | $27M | 3.0% | TRIM −27% |
| 6 | FSSLFS SPECIALTY LENDING FD | 1,448,654 | $18M | 2.0% | ADD 6% |
| 7 | OTFBLUE OWL TECHNOLOGY FINANCE | 1,411,067 | $17M | 1.9% | ADD 228% |
| 8 | CLHCLEAN HARBORS INC | 53,804 | $15M | 1.7% | TRIM −27% |
| 9 | VIKVIKING HOLDINGS LTD | 158,427 | $12M | 1.3% | TRIM −27% |
| 10 | LINELINEAGE INC | 302,079 | $10M | 1.1% | HOLD |
| 11 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 28,796 | $10M | 1.1% | TRIM −27% |
| 12 | SCHWSCHWAB CHARLES CORP | 101,819 | $10M | 1.1% | TRIM −27% |
| 13 | NTRANATERA INC | 36,292 | $7M | 0.8% | TRIM −27% |
| 14 | CNMCORE & MAIN INC | 139,440 | $7M | 0.8% | TRIM −27% |
| 15 | ABGASBURY AUTOMOTIVE GROUP INC | 31,038 | $6M | 0.7% | TRIM −27% |
| 16 | TRUTRANSUNION | 87,485 | $6M | 0.7% | TRIM −27% |
| 17 | NUNU HLDGS LTD | 403,416 | $6M | 0.6% | TRIM −27% |
| 18 | AERAERCAP HOLDINGS NV | 39,242 | $5M | 0.6% | TRIM −27% |
| 19 | ELVELEVANCE HEALTH INC FORMERLY | 16,983 | $5M | 0.6% | TRIM −27% |
| 20 | HDBHDFC BANK LTD | 199,379 | $5M | 0.6% | TRIM −27% |
| 21 | LPXLOUISIANA PAC CORP | 46,008 | $3M | 0.4% | TRIM −27% |
| 22 | BRSLBRIGHTSTAR LOTTERY PLC | 189,948 | $2M | 0.3% | TRIM −27% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| KRMNKARMAN HLDGS INC | — | — | — | 3.3M | 3.3M | 3.3M | $266M |
| CEGCONSTELLATION ENERGY CORP | — | — | — | — | — | 878K | $245M |
| CARTMAPLEBEAR INC | 9.0M | 9.0M | 9.0M | 4.1M | 4.1M | 4.1M | $155M |
| SHENSHENANDOAH TELECOMMUNICATION | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | $63M |
| AMZNAMAZON COM INC | 301K | 265K | 242K | 180K | 175K | 128K | $27M |
| FSSLFS SPECIALTY LENDING FD | — | — | — | — | 1.4M | 1.4M | $18M |
| OTFBLUE OWL TECHNOLOGY FINANCE | — | — | — | — | 430K | 1.4M | $17M |
| CLHCLEAN HARBORS INC | — | — | — | 76K | 74K | 54K | $15M |
| VIKVIKING HOLDINGS LTD | 317K | 328K | 300K | 223K | 217K | 158K | $12M |
| LINELINEAGE INC | — | — | 302K | 302K | 302K | 302K | $10M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | — | — | 41K | 39K | 29K | $10M |
| SCHWSCHWAB CHARLES CORP | — | 211K | 193K | 143K | 139K | 102K | $10M |
| NTRANATERA INC | 85K | 75K | 69K | 51K | 50K | 36K | $7M |
| CNMCORE & MAIN INC | 165K | 145K | 133K | 196K | 191K | 139K | $7M |
| ABGASBURY AUTOMOTIVE GROUP INC | 73K | 64K | 59K | 44K | 42K | 31K | $6M |
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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