CIK 1964290
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2024-Q3. 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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 40.41% | 2 |
| Airlines | 11.08% | 1 |
| Insurance | 10.59% | 1 |
| Entertainment | 10.21% | 2 |
| Unclassified | 9.83% | 5 |
| Metals & Mining | 8.62% | 1 |
| Banks | 6.32% | 1 |
| Software | 1.53% | 1 |
| Chemicals | 1.40% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FENC | FENNEC PHARMACEUTICALS INC. | Health Care | 33.54% |
| 2 | UAL | United Airlines Holdings, Inc. | Industrials | 11.08% |
| 3 | BHF | Brighthouse Financial, Inc. | Financials | 10.59% |
| 4 | ASTL | Algoma Steel Group Inc. | Materials | 8.62% |
| 5 | RGNX | REGENXBIO Inc. | Health Care | 6.87% |
| 6 | C | CITIGROUP INC | Financials | 6.32% |
| 7 | FUN | Six Flags Entertainment Corporation/NEW | Communication Services | 5.31% |
| 8 | PRKS | United Parks & Resorts Inc. | Communication Services | 4.90% |
| 9 | VIACOMCBS INC | Unclassified | 4.61% | |
| 10 | QURE | UNIQURE NV | Unclassified | 1.95% |
10/15 names classified · sector 90.2% of weight · industry 90.2% · mkt cap 90.2%; 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: 90.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 34% of book weight classified — the grid is NOT representative of the whole book.
Classified: 34.3% of book weight (5/14 names) · unclassified 65.7%: FENC, ASTL, RGNX, , FUN, QURE, AUID, REE, ASTLW. 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 | FENCFENNEC PHARMACEUTICALS INC | 2,407,357 | $15M | 33.5% | HOLD |
| 2 | UALUNITED AIRLS HLDGS INC | 51,785 | $5M | 11.1% | TRIM −54% |
| 3 | BHFBRIGHTHOUSE FINL INC | 100,000 | $5M | 10.6% | HOLD |
| 4 | ASTLALGOMA STL GROUP INC | 400,000 | $4M | 8.6% | HOLD |
| 5 | RGNXREGENXBIO INC | 403,079 | $3M | 6.9% | HOLD |
| 6 | CCITIGROUP INC | 40,740 | $3M | 6.3% | HOLD |
| 7 | FUNSIX FLAGS ENTERTAINMENT CORP | 50,000 | $2M | 5.3% | HOLD |
| 8 | PRKSUNITED PARKS & RESORTS INC | 39,579 | $2M | 4.9% | HOLD |
| 9 | VIACOMCBS INC | 200,000 | $2M | 4.6% | HOLD |
| 10 | QUREUNIQURE NV | 50,000 | $883,000 | 1.9% | HOLD |
| 11 | AUIDAUTHID INC | 115,000 | $692,300 | 1.5% | HOLD |
| 12 | TROXTRONOX HOLDINGS PLC | 63,055 | $634,964 | 1.4% | HOLD |
| 13 | MURAL ONCOLOGY PUB LTD CO | 166,984 | $537,688 | 1.2% | HOLD |
| 14 | REEREE AUTOMOTIVE LTD | 59,576 | $526,056 | 1.2% | TRIM −54% |
| 15 | ASTLWALGOMA STL GROUP INC | 279,995 | $419,993 | 0.9% | HOLD |
Where this firm's principals came from and which firms its alumni went on to found.
