CIK 2013462
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 |
|---|---|---|
| Utilities | 38.74% | 6 |
| Banks | 21.72% | 5 |
| Construction & Engineering | 21.46% | 2 |
| Oil, Gas & Consumable Fuels | 6.78% | 1 |
| Capital Markets | 4.25% | 1 |
| Machinery | 3.49% | 1 |
| Semiconductors & Semiconductor Equipment | 2.12% | 1 |
| Unclassified | 1.44% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FER | Ferrovial SE | Industrials | 13.18% |
| 2 | HTO | H2O AMERICA | Utilities | 9.62% |
| 3 | TGS | GAS TRANSPORTER OF THE SOUTH INC | Utilities | 9.58% |
| 4 | PAM | Pampa Energy Inc. | Utilities | 9.48% |
| 5 | MWH | SOLV Energy, Inc. | Industrials | 8.28% |
| 6 | BKV | BKV Corp | Energy | 6.78% |
| 7 | DGXX | Digi Power X Inc. | Financials | 5.99% |
| 8 | CLSK | CLEANSPARK, INC. | Financials | 5.55% |
| 9 | ETR | ENTERGY CORP /DE/ | Utilities | 5.11% |
| 10 | GLXY | Galaxy Digital Inc. | Financials | 4.25% |
17/18 names classified · sector 98.6% of weight · industry 98.6% · mkt cap 54.9%; 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: 98.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 29% of book weight classified — the grid is NOT representative of the whole book.
Classified: 28.6% of book weight (6/18 names) · unclassified 71.4%: FER, TGS, PAM, MWH, DGXX, CLSK, GLXY, WULF, IMSR, HUT +2 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 | FERFERROVIAL SE | 200,455 | $13M | 13.2% | ADD 73% |
| 2 | HTOH2O AMERICA | 162,217 | $10M | 9.6% | NEW |
| 3 | TGSTRANSPORTADORA DE GAS SUR | 274,049 | $9M | 9.6% | NEW |
| 4 | PAMPAMPA ENERGIA S A | 105,963 | $9M | 9.5% | NEW |
| 5 | MWHSOLV ENERGY INC | 272,818 | $8M | 8.3% | NEW |
| 6 | BKVBKV CORP | 235,363 | $7M | 6.8% | NEW |
| 7 | DGXXDIGI PWR X INC | 2,919,404 | $6M | 6.0% | ADD 67% |
| 8 | CLSKCLEANSPARK INC | 644,865 | $5M | 5.5% | NEW |
| 9 | ETRENTERGY CORP NEW | 45,000 | $5M | 5.1% | ADD 44% |
| 10 | GLXYGALAXY DIGITAL INC. | 227,889 | $4M | 4.2% | ADD 153% |
| 11 | WULFTERAWULF INC | 258,133 | $4M | 3.8% | TRIM −38% |
| 12 | IMSRTERRESTRIAL ENERGY INC | 575,499 | $3M | 3.5% | NEW |
| 13 | HUTHUT 8 CORP | 69,001 | $3M | 3.3% | NEW |
| 14 | BTDRBITDEER TECHNOLOGIES GROUP | 360,442 | $3M | 3.2% | ADD 292% |
| 15 | ESEVERSOURCE ENERGY | 40,500 | $3M | 2.8% | NEW |
| 16 | ENPHENPHASE ENERGY INC | 55,448 | $2M | 2.1% | NEW |
| 17 | PCGPG&E CORP | 119,300 | $2M | 2.1% | NEW |
| 18 | NKLRTERRA INNOVATUM GLOBAL NV | 306,833 | $1M | 1.4% | TRIM −51% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FERFERROVIAL SE | — | — | — | — | 116K | 200K | $13M |
| HTOH2O AMERICA | — | — | 94K | — | — | 162K | $10M |
| TGSTRANSPORTADORA DE GAS SUR | — | — | — | — | — | 274K | $9M |
| PAMPAMPA ENERGIA S A | — | — | — | — | — | 106K | $9M |
| MWHSOLV ENERGY INC | — | — | — | — | — | 273K | $8M |
| BKVBKV CORP | — | — | — | — | — | 235K | $7M |
| DGXXDIGI PWR X INC | — | — | — | — | 1.8M | 2.9M | $6M |
| CLSKCLEANSPARK INC | — | — | — | — | — | 645K | $5M |
| ETRENTERGY CORP NEW | 148K | — | — | — | 31K | 45K | $5M |
| GLXYGALAXY DIGITAL INC. | — | — | 390K | 85K | 90K | 228K | $4M |
| WULFTERAWULF INC | 352K | 1.5M | — | 175K | 419K | 258K | $4M |
| IMSRTERRESTRIAL ENERGY INC | — | — | — | — | — | 575K | $3M |
| HUTHUT 8 CORP | 118K | 442K | 465K | 58K | — | 69K | $3M |
| BTDRBITDEER TECHNOLOGIES GROUP | — | — | — | — | 92K | 360K | $3M |
| ESEVERSOURCE ENERGY | 88K | — | — | 15K | — | 41K | $3M |
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.
