CIK 1998597
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 |
|---|---|---|
| Semiconductors & Semiconductor Equipment | 18.65% | 1 |
| Health Care Equipment & Supplies | 15.87% | 1 |
| Unclassified | 15.75% | 2 |
| Commercial Services & Supplies | 15.41% | 1 |
| Food Products | 13.18% | 1 |
| Insurance | 8.98% | 1 |
| Software | 7.61% | 2 |
| Entertainment | 4.55% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MRCY | MERCURY SYSTEMS INC | Information Technology | 18.65% |
| 2 | COO | COOPER COMPANIES, INC. | Health Care | 15.87% |
| 3 | FISV | FISERV INC | Industrials | 15.41% |
| 4 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 13.92% |
| 5 | LW | Lamb Weston Holdings, Inc. | Consumer Staples | 13.18% |
| 6 | MKL | MARKEL GROUP INC. | Financials | 8.98% |
| 7 | ALKT | ALKAMI TECHNOLOGY, INC. | Information Technology | 5.30% |
| 8 | FUN | Six Flags Entertainment Corporation/NEW | Communication Services | 4.55% |
| 9 | RPD | Rapid7, Inc. | Information Technology | 2.31% |
| 10 | ENHABIT INC | Unclassified | 1.83% |
8/10 names classified · sector 84.2% of weight · industry 84.2% · mkt cap 84.2%; 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: 84.2% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 61.1% of book weight (6/10 names) · unclassified 38.9%: MRCY, SPY, FUN, . 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 | MRCYMERCURY SYS INC | 4,107,424 | $299M | 18.6% | TRIM −17% |
| 2 | COOCOOPER COS INC | 3,565,158 | $255M | 15.9% | HOLD |
| 3 | FISVFISERV INC | 4,435,605 | $248M | 15.4% | ADD 98% |
| 4 | SPYSTATE STR SPDR S&P 500 ETF T | 343,665 | $223M | 13.9% | TRIM −12% |
| 5 | LWLAMB WESTON HLDGS INC | 5,008,635 | $212M | 13.2% | HOLD |
| 6 | MKLMARKEL GROUP INC | 75,307 | $144M | 9.0% | TRIM −7% |
| 7 | ALKTALKAMI TECHNOLOGY INC | 5,431,388 | $85M | 5.3% | ADD 11% |
| 8 | FUNSIX FLAGS ENTERTAINMENT CORP | 4,116,099 | $73M | 4.5% | HOLD |
| 9 | RPDRAPID7 INC | 6,743,653 | $37M | 2.3% | HOLD |
| 10 | ENHABIT INC | 2,090,412 | $29M | 1.8% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MRCYMERCURY SYS INC | 6.9M | 6.9M | 6.8M | 6.0M | 5.0M | 4.1M | $299M |
| COOCOOPER COS INC | — | — | — | 2.4M | 3.5M | 3.6M | $255M |
| FISVFISERV INC | — | — | — | — | 2.2M | 4.4M | $248M |
| SPYSTATE STR SPDR S&P 500 ETF T | 429K | 540K | 513K | 387K | 391K | 344K | $223M |
| LWLAMB WESTON HLDGS INC | 7.1M | 8.0M | 7.2M | 5.0M | 5.0M | 5.0M | $212M |
| MKLMARKEL GROUP INC | 109K | 156K | 151K | 147K | 81K | 75K | $144M |
| ALKTALKAMI TECHNOLOGY INC | — | — | — | 1.9M | 4.9M | 5.4M | $85M |
| FUNSIX FLAGS ENTERTAINMENT CORP | — | — | — | 4.0M | 4.1M | 4.1M | $73M |
| RPDRAPID7 INC | 3.7M | 4.1M | 5.7M | 6.5M | 6.7M | 6.7M | $37M |
| ENHABIT INC | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M | $29M |
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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