CIK 1996109
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 |
|---|---|---|
| Diversified Telecommunication Services | 35.26% | 1 |
| Pharmaceuticals & Biotechnology | 23.58% | 4 |
| Unclassified | 15.88% | 3 |
| Beverages | 8.03% | 2 |
| Communications Equipment | 6.70% | 2 |
| Tobacco | 3.43% | 1 |
| Semiconductors & Semiconductor Equipment | 2.67% | 1 |
| Oil, Gas & Consumable Fuels | 1.63% | 4 |
| Software | 0.70% | 1 |
| Metals & Mining | 0.63% | 1 |
| Machinery | 0.59% | 1 |
| Technology Hardware & Equipment | 0.55% | 1 |
| Capital Markets | 0.36% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VOD | VODAFONE GROUP PUBLIC LTD CO | Communication Services | 35.26% |
| 2 | RACE | Ferrari N.V. | Consumer Discretionary | 13.88% |
| 3 | AZN | Astrazeneca PLC | Health Care | 11.30% |
| 4 | BUD | Anheuser-Busch Inbev SA/NV | Consumer Staples | 6.57% |
| 5 | NVS | Novartis AG | Health Care | 6.27% |
| 6 | NVO | NOVO NORDISK A S | Health Care | 5.78% |
| 7 | NOK | Nokia Corp | Information Technology | 5.31% |
| 8 | BTI | British American Tobacco p.l.c. | Consumer Staples | 3.43% |
| 9 | STM | STMicroelectronics NV | Information Technology | 2.67% |
| 10 | DEO | Diageo PLC | Consumer Staples | 1.46% |
22/23 names classified · sector 98.7% of weight · industry 84.1% · mkt cap 0.4%; 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: 98.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/23 names) · unclassified 100.0%: VOD, RACE, AZN, BUD, NVS, NVO, NOK, BTI, STM, DEO +13 more. 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 | VODVODAFONE GROUP PLC | 3,821,000 | $57M | 35.3% | HOLD |
| 2 | RACEFERRARI N V | 66,772 | $23M | 13.9% | HOLD |
| 3 | AZNASTRAZENECA PLC | 93,250 | $18M | 11.3% | NEW |
| 4 | BUDANHEUSER BUSCH INBEV SA/NV | 154,173 | $11M | 6.6% | ADD 35% |
| 5 | NVSNOVARTIS AG | 66,844 | $10M | 6.3% | NEW |
| 6 | NVONOVO-NORDISK A S | 256,134 | $9M | 5.8% | NEW |
| 7 | NOKNOKIA CORP | 1,075,200 | $9M | 5.3% | HOLD |
| 8 | BTIBRITISH AMERN TOB PLC | 95,589 | $6M | 3.4% | HOLD |
| 9 | STMSTMICROELECTRONICS N V | 125,900 | $4M | 2.7% | ADD 66% |
| 10 | DEODIAGEO PLC | 31,855 | $2M | 1.5% | HOLD |
| 11 | ERICERICSSON | 200,000 | $2M | 1.4% | HOLD |
| 12 | FROFrontline, LTD. | 62,700 | $2M | 1.3% | ADD 313% |
| 13 | SAPSAP SE | 6,632 | $1M | 0.7% | ADD 6% |
| 14 | STLASTELLANTIS N.V | 150,493 | $1M | 0.7% | HOLD |
| 15 | MTARCELORMITTAL SA LUXEMBOURG | 19,700 | $1M | 0.6% | HOLD |
| 16 | ASMLASML HOLDING N V | 728 | $961,564 | 0.6% | NEW |
| 17 | EQNREQUINOR ASA | 22,000 | $928,400 | 0.6% | HOLD |
| 18 | SHELSHELL PLC | 9,938 | $924,234 | 0.6% | HOLD |
| 19 | LOGILOGITECH INTL S A | 9,763 | $889,605 | 0.5% | HOLD |
| 20 | MIAXMIAMI INTL HLDGS INC | 15,173 | $590,533 | 0.4% | HOLD |
| 21 | WDSWOODSIDE ENERGY GROUP LTD | 23,908 | $570,923 | 0.4% | HOLD |
| 22 | ARGXARGENX SE | 500 | $365,125 | 0.2% | HOLD |
| 23 | BPBP PLC | 4,800 | $225,600 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VODVODAFONE GROUP PLC | 115K | 115K | 3.6M | 3.8M | 3.8M | 3.8M | $57M |
| RACEFERRARI N V | — | 30K | 43K | 43K | 67K | 67K | $23M |
| AZNASTRAZENECA PLC | — | — | — | — | — | 93K | $18M |
| BUDANHEUSER BUSCH INBEV SA/NV | — | — | — | 63K | 114K | 154K | $11M |
| NVSNOVARTIS AG | — | — | — | — | — | 67K | $10M |
| NVONOVO-NORDISK A S | 30K | 40K | 25K | — | — | 256K | $9M |
| NOKNOKIA CORP | — | — | — | — | 1.1M | 1.1M | $9M |
| BTIBRITISH AMERN TOB PLC | 9K | 9K | — | — | 96K | 96K | $6M |
| STMSTMICROELECTRONICS N V | — | — | 76K | 76K | 76K | 126K | $4M |
| DEODIAGEO PLC | — | — | — | 32K | 32K | 32K | $2M |
| ERICERICSSON | — | — | — | — | 200K | 200K | $2M |
| FROFrontline, LTD. | 24K | 24K | — | 15K | 15K | 63K | $2M |
| SAPSAP SE | — | — | — | — | 6K | 7K | $1M |
| STLASTELLANTIS N.V | — | — | — | — | 150K | 150K | $1M |
| MTARCELORMITTAL SA LUXEMBOURG | 20K | 20K | 20K | 20K | 20K | 20K | $1M |
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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