CIK 1995612
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 | 61.11% | 5 |
| Equity Real Estate Investment Trusts (REITs) | 18.05% | 1 |
| Diversified Telecommunication Services | 13.54% | 1 |
| Marine | 3.67% | 1 |
| Real Estate Management & Development | 1.84% | 1 |
| Media & Entertainment | 1.41% | 1 |
| Health Care Providers & Services | 0.38% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CORZ | Core Scientific, Inc./tx | Financials | 42.10% |
| 2 | GNL | Global Net Lease, Inc. | Real Estate | 18.05% |
| 3 | ECHO | EchoStar CORP | Communication Services | 13.54% |
| 4 | COF | CAPITAL ONE FINANCIAL CORP | Financials | 8.97% |
| 5 | PFSI | PennyMac Financial Services, Inc. | Financials | 4.41% |
| 6 | RCL | ROYAL CARIBBEAN CRUISES LTD | Industrials | 3.67% |
| 7 | SYF | Synchrony Financial | Financials | 3.34% |
| 8 | CIFR | Cipher Digital Inc. | Financials | 2.29% |
| 9 | PDM | Piedmont Realty Trust, Inc. | Real Estate | 1.84% |
| 10 | OPTU | Optimum Communications, Inc. | Communication Services | 1.41% |
11/11 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).
Only 21% of book weight classified — the grid is NOT representative of the whole book.
Classified: 20.8% of book weight (5/11 names) · unclassified 79.2%: CORZ, GNL, ECHO, CIFR, PDM, OPTU. 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 | CORZCORE SCIENTIFIC INC NEW | 4,411,000 | $66M | 42.1% | TRIM −21% |
| 2 | GNLGLOBAL NET LEASE INC | 3,021,832 | $28M | 18.0% | TRIM −16% |
| 3 | ECHOECHOSTAR CORP | 181,320 | $21M | 13.5% | TRIM −24% |
| 4 | COFCAPITAL ONE FINL CORP | 77,100 | $14M | 9.0% | ADD 601% |
| 5 | PFSIPENNYMAC FINL SVCS INC NEW | 79,000 | $7M | 4.4% | NEW |
| 6 | RCLROYAL CARIBBEAN GROUP | 20,900 | $6M | 3.7% | NEW |
| 7 | SYFSYNCHRONY FINANCIAL | 77,000 | $5M | 3.3% | ADD 75% |
| 8 | CIFRCIPHER MINING INC | 279,200 | $4M | 2.3% | NEW |
| 9 | PDMPIEDMONT REALTY TRUST INC | 439,787 | $3M | 1.8% | TRIM −30% |
| 10 | OPTUOPTIMUM COMMUNICATIONS INC | 1,700,000 | $2M | 1.4% | ADD 36% |
| 11 | CYHCOMMUNITY HEALTH SYS INC NEW | 200,000 | $588,000 | 0.4% | TRIM −46% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CORZCORE SCIENTIFIC INC NEW | 6.2M | 6.0M | 6.0M | 5.3M | 5.6M | 4.4M | $66M |
| GNLGLOBAL NET LEASE INC | 3.4M | 3.3M | 3.3M | 3.5M | 3.6M | 3.0M | $28M |
| ECHOECHOSTAR CORP | 360K | 428K | 390K | 350K | 240K | 181K | $21M |
| COFCAPITAL ONE FINL CORP | — | — | — | — | 11K | 77K | $14M |
| PFSIPENNYMAC FINL SVCS INC NEW | — | — | — | — | — | 79K | $7M |
| RCLROYAL CARIBBEAN GROUP | — | — | — | — | — | 21K | $6M |
| SYFSYNCHRONY FINANCIAL | — | — | — | — | 44K | 77K | $5M |
| CIFRCIPHER MINING INC | 2.2M | 4.4M | 4.4M | — | — | 279K | $4M |
| PDMPIEDMONT REALTY TRUST INC | 700K | 800K | 625K | 625K | 625K | 440K | $3M |
| OPTUOPTIMUM COMMUNICATIONS INC | — | — | — | — | 1.3M | 1.7M | $2M |
| CYHCOMMUNITY HEALTH SYS INC NEW | 1.6M | 1.6M | 2.0M | 2.0M | 373K | 200K | $588,000 |
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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