CIK 2009914
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 |
|---|---|---|
| Commercial Services & Supplies | 16.72% | 2 |
| Diversified Consumer Services | 15.94% | 1 |
| Entertainment | 12.16% | 1 |
| Hotels, Restaurants & Leisure | 11.94% | 1 |
| Leisure Products | 9.39% | 1 |
| Software & IT Services | 8.99% | 2 |
| Technology Hardware & Equipment | 7.76% | 1 |
| Unclassified | 6.76% | 1 |
| Banks | 6.65% | 1 |
| Communications Equipment | 3.70% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LRN | Stride, Inc. | Consumer Discretionary | 15.94% |
| 2 | BATRK | Atlanta Braves Holdings, Inc. | Communication Services | 12.16% |
| 3 | HGV | Hilton Grand Vacations Inc. | Consumer Discretionary | 11.94% |
| 4 | PRG | PROG Holdings, Inc. | Industrials | 9.49% |
| 5 | DAKT | DAKTRONICS INC /SD/ | Consumer Discretionary | 9.39% |
| 6 | NATL | NCR Atleos Corp | Information Technology | 7.76% |
| 7 | FTDR | Frontdoor, Inc. | Industrials | 7.23% |
| 8 | MANU | MANCHESTER UTD PLC NEW | Unclassified | 6.76% |
| 9 | BUR | Burford Capital Ltd | Financials | 6.65% |
| 10 | CARS | Cars.com Inc. | Information Technology | 5.66% |
11/12 names classified · sector 93.2% of weight · industry 93.2% · mkt cap 93.2%; 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: 93.2% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 81.1% of book weight (10/12 names) · unclassified 18.9%: BATRK, MANU. 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 | LRNSTRIDE INC | 550,511 | $49M | 15.9% | ADD 123% |
| 2 | BATRKATLANTA BRAVES HLDGS INC | 867,265 | $37M | 12.2% | ADD 13% |
| 3 | HGVHILTON GRAND VACATIONS INC | 929,288 | $36M | 11.9% | ADD 10% |
| 4 | PRGPROG HOLDINGS INC | 1,007,160 | $29M | 9.5% | ADD 32% |
| 5 | DAKTDAKTRONICS INC | 1,462,675 | $29M | 9.4% | ADD 15% |
| 6 | NATLNCR ATLEOS CORPORATION | 542,663 | $24M | 7.8% | ADD 48% |
| 7 | FTDRFRONTDOOR INC | 416,792 | $22M | 7.2% | ADD 145% |
| 8 | MANUMANCHESTER UTD PLC NEW | 1,223,216 | $21M | 6.8% | HOLD |
| 9 | BURBURFORD CAP LTD | 4,481,659 | $20M | 6.7% | ADD 130% |
| 10 | CARSCARS COM INC | 2,124,184 | $17M | 5.7% | ADD 191% |
| 11 | BKTIBK TECHNOLOGIES CORPORATION | 151,061 | $11M | 3.7% | ADD 711% |
| 12 | CARGCARGURUS INC | 297,184 | $10M | 3.3% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LRNSTRIDE INC | 87K | 72K | — | 226K | 247K | 551K | $49M |
| BATRKATLANTA BRAVES HLDGS INC | 519K | 556K | 653K | 686K | 766K | 867K | $37M |
| HGVHILTON GRAND VACATIONS INC | 411K | 647K | 778K | 782K | 845K | 929K | $36M |
| PRGPROG HOLDINGS INC | 292K | 704K | 789K | 623K | 763K | 1.0M | $29M |
| DAKTDAKTRONICS INC | 907K | 1.7M | 1.6M | 958K | 1.3M | 1.5M | $29M |
| NATLNCR ATLEOS CORPORATION | — | — | — | 273K | 367K | 543K | $24M |
| FTDRFRONTDOOR INC | — | — | — | — | 170K | 417K | $22M |
| MANUMANCHESTER UTD PLC NEW | 665K | 855K | 1.1M | 1.2M | 1.2M | 1.2M | $21M |
| BURBURFORD CAP LTD | 953K | 1.4M | 2.0M | 2.1M | 2.0M | 4.5M | $20M |
| CARSCARS COM INC | — | — | — | — | 729K | 2.1M | $17M |
| BKTIBK TECHNOLOGIES CORPORATION | — | — | — | — | 19K | 151K | $11M |
| CARGCARGURUS INC | — | — | — | — | — | 297K | $10M |
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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