CIK 1979969
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 |
|---|---|---|
| Chemicals | 55.02% | 3 |
| Electrical Equipment & Components | 15.15% | 1 |
| Machinery | 11.21% | 1 |
| Oil, Gas & Consumable Fuels | 8.45% | 1 |
| Hotels, Restaurants & Leisure | 4.14% | 1 |
| Distributors | 3.40% | 1 |
| Commercial Services & Supplies | 2.63% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | HXL | HEXCEL CORP /DE/ | Materials | 22.79% |
| 2 | CC | Chemours Co | Materials | 16.33% |
| 3 | NGVT | Ingevity Corp | Materials | 15.90% |
| 4 | POWL | POWELL INDUSTRIES INC | Information Technology | 15.15% |
| 5 | TNC | TENNANT CO | Industrials | 11.21% |
| 6 | VVV | VALVOLINE INC | Energy | 8.45% |
| 7 | CZR | Caesars Entertainment, Inc. | Consumer Discretionary | 4.14% |
| 8 | VSTS | Vestis Corp | Consumer Discretionary | 3.40% |
| 9 | MGRC | MCGRATH RENTCORP | Industrials | 2.63% |
9/9 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 80.0% of book weight (7/9 names) · unclassified 20.0%: NGVT, CZR. 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 | HXLHEXCEL CORP NEW | 653,309 | $53M | 22.8% | ADD 20% |
| 2 | CCCHEMOURS CO | 1,720,189 | $38M | 16.3% | HOLD |
| 3 | NGVTINGEVITY CORP | 518,101 | $37M | 15.9% | ADD 13% |
| 4 | POWLPOWELL INDS INC | 64,983 | $35M | 15.2% | ADD 6% |
| 5 | TNCTENNANT CO | 391,593 | $26M | 11.2% | ADD 14% |
| 6 | VVVVALVOLINE INC | 582,176 | $20M | 8.5% | ADD 48% |
| 7 | CZRCAESARS ENTERTAINMENT INC NE | 363,358 | $10M | 4.1% | HOLD |
| 8 | VSTSVESTIS CORPORATION | 1,004,018 | $8M | 3.4% | TRIM −46% |
| 9 | MGRCMCGRATH RENTCORP | 55,359 | $6M | 2.6% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| HXLHEXCEL CORP NEW | — | — | — | 439K | 546K | 653K | $53M |
| CCCHEMOURS CO | 1.6M | 1.6M | 1.7M | 1.7M | 1.7M | 1.7M | $38M |
| NGVTINGEVITY CORP | 411K | 417K | 454K | 458K | 458K | 518K | $37M |
| POWLPOWELL INDS INC | — | — | — | 24K | 61K | 65K | $35M |
| TNCTENNANT CO | 114K | 145K | 179K | 292K | 345K | 392K | $26M |
| VVVVALVOLINE INC | — | — | — | — | 393K | 582K | $20M |
| CZRCAESARS ENTERTAINMENT INC NE | 663K | 663K | 663K | 663K | 363K | 363K | $10M |
| VSTSVESTIS CORPORATION | 2.1M | 3.3M | 3.6M | 2.3M | 1.8M | 1.0M | $8M |
| MGRCMCGRATH RENTCORP | — | — | 2K | 23K | 55K | 55K | $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.
Where this firm's principals came from and which firms its alumni went on to found.
