CIK 1944889
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 |
|---|---|---|
| Utilities | 19.81% | 4 |
| Construction & Engineering | 13.39% | 3 |
| Marine | 11.80% | 2 |
| Distributors | 11.32% | 2 |
| Oil, Gas & Consumable Fuels | 9.48% | 3 |
| Metals & Mining | 9.34% | 1 |
| Household Durables | 7.04% | 2 |
| Coal & Consumable Fuels | 6.12% | 3 |
| Electrical Equipment & Components | 5.03% | 1 |
| Machinery | 2.83% | 1 |
| Aerospace & Defense | 1.99% | 1 |
| Banks | 1.80% | 1 |
| Technology Hardware & Equipment | 0.05% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VST | Vistra Corp. | Utilities | 12.33% |
| 2 | VIK | Viking Holdings Ltd | Industrials | 9.46% |
| 3 | CRS | CARPENTER TECHNOLOGY CORP | Materials | 9.34% |
| 4 | QXO | QXO, Inc. | Consumer Discretionary | 5.68% |
| 5 | CNM | Core & Main, Inc. | Consumer Discretionary | 5.65% |
| 6 | PARR | PAR PACIFIC HOLDINGS, INC. | Energy | 5.61% |
| 7 | MTZ | MASTEC INC | Industrials | 5.49% |
| 8 | ECG | Everus Construction Group, Inc. | Industrials | 5.34% |
| 9 | WWD | Woodward, Inc. | Information Technology | 5.03% |
| 10 | SGI | SOMNIGROUP INTERNATIONAL INC. | Consumer Discretionary | 4.73% |
25/25 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 99.9%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 86.7% of book weight (21/25 names) · unclassified 13.3%: VIK, VG, WULF, NVX. 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 | VSTVISTRA CORP | 1,297,325 | $195M | 12.3% | ADD 16% |
| 2 | VIKVIKING HOLDINGS LTD | 2,037,215 | $150M | 9.5% | TRIM −29% |
| 3 | CRSCARPENTER TECHNOLOGY CORP | 375,012 | $148M | 9.3% | TRIM −40% |
| 4 | QXOQXO INC | 4,622,783 | $90M | 5.7% | ADD 24% |
| 5 | CNMCORE & MAIN INC | 1,808,055 | $89M | 5.6% | TRIM −4% |
| 6 | PARRPAR PAC HOLDINGS INC | 1,417,079 | $89M | 5.6% | ADD 79% |
| 7 | MTZMASTEC INC | 269,851 | $87M | 5.5% | TRIM −45% |
| 8 | ECGEVERUS CONSTR GROUP | 715,285 | $84M | 5.3% | NEW |
| 9 | WWDWOODWARD INC | 222,073 | $79M | 5.0% | TRIM −36% |
| 10 | SGISOMNIGROUP INTERNATIONAL INC | 1,012,181 | $75M | 4.7% | ADD 46% |
| 11 | BTUPEABODY ENERGY CORP | 1,646,362 | $54M | 3.4% | ADD 40% |
| 12 | LNGCheniere Energy, Inc | 172,200 | $49M | 3.1% | NEW |
| 13 | RRXREGAL REXNORD CORPORATION | 239,217 | $45M | 2.8% | NEW |
| 14 | AGXARGAN INC | 74,456 | $41M | 2.6% | TRIM −60% |
| 15 | CEGCONSTELLATION ENERGY CORP | 133,666 | $37M | 2.4% | NEW |
| 16 | NCLHNORWEGIAN CRUISE LINE HLDGS | 1,973,232 | $37M | 2.3% | NEW |
| 17 | LEGLEGGETT & PLATT INC | 3,702,389 | $37M | 2.3% | ADD 200% |
| 18 | VGVENTURE GLOBAL INC | 2,034,886 | $32M | 2.0% | NEW |
| 19 | ARANTERO RESOURCES CORP | 748,300 | $32M | 2.0% | NEW |
| 20 | HIIHUNTINGTON INGALLS INDS INC | 82,809 | $31M | 2.0% | NEW |
| 21 | DKDELEK US HLDGS INC NEW | 653,830 | $29M | 1.9% | NEW |
| 22 | WULFTERAWULF INC | 1,970,984 | $28M | 1.8% | NEW |
| 23 | HCCWARRIOR MET COAL INC | 285,838 | $27M | 1.7% | TRIM −30% |
| 24 | CNRCORE NATURAL RESOURCES INC | 151,500 | $16M | 1.0% | NEW |
| 25 | NVXNOVONIX LIMITED | 1,199,398 | $827,585 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VSTVISTRA CORP | 528K | 593K | 736K | 695K | 1.1M | 1.3M | $195M |
| VIKVIKING HOLDINGS LTD | 1.9M | 1.4M | 3.8M | 3.5M | 2.9M | 2.0M | $150M |
| CRSCARPENTER TECHNOLOGY CORP | 301K | 548K | 479K | 631K | 630K | 375K | $148M |
| QXOQXO INC | — | — | 3.8M | 3.7M | 3.7M | 4.6M | $90M |
| CNMCORE & MAIN INC | 1.2M | 1.4M | 1.5M | 1.2M | 1.9M | 1.8M | $89M |
| PARRPAR PAC HOLDINGS INC | — | — | — | 917K | 792K | 1.4M | $89M |
| MTZMASTEC INC | — | — | — | 422K | 494K | 270K | $87M |
| ECGEVERUS CONSTR GROUP | — | — | — | — | — | 715K | $84M |
| WWDWOODWARD INC | — | — | 100K | 251K | 345K | 222K | $79M |
| SGISOMNIGROUP INTERNATIONAL INC | — | 761K | 1.2M | 696K | 696K | 1.0M | $75M |
| BTUPEABODY ENERGY CORP | — | — | — | 718K | 1.2M | 1.6M | $54M |
| LNGCheniere Energy, Inc | — | — | — | — | — | 172K | $49M |
| RRXREGAL REXNORD CORPORATION | 81K | — | — | — | — | 239K | $45M |
| AGXARGAN INC | — | — | — | 148K | 185K | 74K | $41M |
| CEGCONSTELLATION ENERGY CORP | 435K | 402K | 251K | 100K | — | 134K | $37M |
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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