CIK 1949877
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 |
|---|---|---|
| Banks | 29.63% | 2 |
| Diversified Consumer Services | 21.64% | 3 |
| Capital Markets | 17.28% | 3 |
| Real Estate Management & Development | 15.42% | 1 |
| Oil, Gas & Consumable Fuels | 13.83% | 2 |
| Health Care Equipment & Supplies | 2.20% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SII | SPROTT INC. | Financials | 28.59% |
| 2 | JOE | ST JOE Co | Real Estate | 15.42% |
| 3 | UTI | UNIVERSAL TECHNICAL INSTITUTE INC | Consumer Discretionary | 13.13% |
| 4 | MPC | Marathon Petroleum Corp | Energy | 8.44% |
| 5 | MRX | Marex Group plc | Financials | 8.11% |
| 6 | XP | XP CLASS A INC | Financials | 6.93% |
| 7 | LRN | Stride, Inc. | Consumer Discretionary | 6.42% |
| 8 | VLO | VALERO ENERGY CORP/TX | Energy | 5.39% |
| 9 | FUTU | Futu Holdings Ltd | Financials | 2.24% |
| 10 | SNWV | SANUWAVE Health, Inc. | Health Care | 2.20% |
12/12 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 82.7%; 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: 53.1% of book weight (7/12 names) · unclassified 46.9%: SII, MRX, XP, FUTU, RKT. 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 | SIISPROTT INC | 550,000 | $79M | 28.6% | HOLD |
| 2 | JOEST JOE CO | 675,000 | $42M | 15.4% | ADD 2% |
| 3 | UTIUNIVERSAL TECHNICAL INST INC | 1,000,000 | $36M | 13.1% | NEW |
| 4 | MPCMARATHON PETE CORP | 95,000 | $23M | 8.4% | ADD 12% |
| 5 | MRXMAREX GROUP PLC | 500,000 | $22M | 8.1% | HOLD |
| 6 | XPXP INC | 1,000,000 | $19M | 6.9% | HOLD |
| 7 | LRNSTRIDE INC | 200,000 | $18M | 6.4% | ADD 54% |
| 8 | VLOVALERO ENERGY CORP | 60,000 | $15M | 5.4% | TRIM −8% |
| 9 | FUTUFUTU HLDGS LTD | 45,000 | $6M | 2.2% | NEW |
| 10 | SNWVSANUWAVE HEALTH INC | 350,000 | $6M | 2.2% | ADD 32% |
| 11 | LINCLINCOLN EDL SVCS CORP | 141,000 | $6M | 2.1% | NEW |
| 12 | RKTROCKET COS INC | 200,000 | $3M | 1.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SIISPROTT INC | 550K | 550K | 550K | 550K | 550K | 550K | $79M |
| JOEST JOE CO | 830K | 835K | 660K | 660K | 660K | 675K | $42M |
| UTIUNIVERSAL TECHNICAL INST INC | — | — | — | — | — | 1.0M | $36M |
| MPCMARATHON PETE CORP | — | — | — | 70K | 85K | 95K | $23M |
| MRXMAREX GROUP PLC | — | — | — | 400K | 500K | 500K | $22M |
| XPXP INC | 1.0M | 1.2M | 1.0M | 1.0M | 1.0M | 1.0M | $19M |
| LRNSTRIDE INC | — | — | — | — | 130K | 200K | $18M |
| VLOVALERO ENERGY CORP | — | — | — | 65K | 65K | 60K | $15M |
| FUTUFUTU HLDGS LTD | — | — | — | — | — | 45K | $6M |
| SNWVSANUWAVE HEALTH INC | — | — | — | 17K | 265K | 350K | $6M |
| LINCLINCOLN EDL SVCS CORP | — | — | — | — | — | 141K | $6M |
| RKTROCKET COS INC | — | — | — | — | — | 200K | $3M |
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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