CIK 2018963
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 |
|---|---|---|
| Unclassified | 78.89% | 17 |
| Capital Markets | 7.85% | 1 |
| Technology Hardware & Equipment | 3.62% | 3 |
| Banks | 2.36% | 2 |
| Specialty Retail | 1.78% | 2 |
| Construction & Engineering | 1.27% | 1 |
| Industrial Conglomerates | 1.00% | 1 |
| Oil, Gas & Consumable Fuels | 0.90% | 1 |
| Semiconductors & Semiconductor Equipment | 0.64% | 2 |
| Machinery | 0.47% | 1 |
| Software | 0.44% | 1 |
| Diversified Telecommunication Services | 0.42% | 1 |
| Health Care Equipment & Supplies | 0.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SPY | STATE STR SPDR S&P 500 ETF T | Unclassified | 57.08% |
| 2 | TPL | Texas Pacific Land Corp | Financials | 7.85% |
| 3 | QQQ | INVESCO QQQ TR | Unclassified | 5.63% |
| 4 | IYG | ISHARES TR | Unclassified | 4.41% |
| 5 | IGM | ISHARES TR | Unclassified | 3.95% |
| 6 | IYW | ISHARES TR | Unclassified | 3.86% |
| 7 | AAPL | Apple Inc. | Information Technology | 1.55% |
| 8 | MSTR | Strategy Inc | Financials | 1.44% |
| 9 | PWR | QUANTA SERVICES, INC. | Industrials | 1.27% |
| 10 | GLD | SPDR GOLD TR | Unclassified | 1.22% |
17/34 names classified · sector 21.1% of weight · industry 21.1% · mkt cap 20.8%; 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: 21.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 19% of book weight classified — the grid is NOT representative of the whole book.
Classified: 19.3% of book weight (15/34 names) · unclassified 80.7%: SPY, QQQ, IYG, IGM, IYW, MSTR, GLD, EFA, PDBC, TLT +9 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 | SPYSTATE STR SPDR S&P 500 ETF T | 63,699 | $41M | 57.1% | TRIM −9% |
| 2 | TPLTEXAS PACIFIC LAND CORPORATI | 12,010 | $6M | 7.9% | HOLD |
| 3 | QQQINVESCO QQQ TR | 7,082 | $4M | 5.6% | TRIM −91% |
| 4 | IYGISHARES TR | 38,609 | $3M | 4.4% | NEW |
| 5 | IGMISHARES TR | 24,187 | $3M | 3.9% | ADD 68% |
| 6 | IYWISHARES TR | 15,460 | $3M | 3.9% | ADD 69% |
| 7 | AAPLAPPLE INC | 4,422 | $1M | 1.5% | TRIM −43% |
| 8 | MSTRSTRATEGY INC | 8,400 | $1M | 1.4% | HOLD |
| 9 | PWRQUANTA SVCS INC | 1,684 | $924,550 | 1.3% | ADD 170% |
| 10 | GLDSPDR GOLD TR | 2,057 | $885,107 | 1.2% | ADD 102% |
| 11 | KLACKLA CORP | 562 | $827,494 | 1.1% | ADD 137% |
| 12 | EFAISHARES TR | 8,064 | $783,256 | 1.1% | ADD 21121% |
| 13 | MMM3M CO | 5,006 | $727,021 | 1.0% | ADD 152% |
| 14 | ROKROCKWELL AUTOMATION INC | 1,898 | $681,154 | 0.9% | ADD 162% |
| 15 | AMZNAMAZON COM INC | 3,229 | $672,504 | 0.9% | TRIM −54% |
| 16 | HOMBHOME BANCSHARES INC | 24,705 | $665,306 | 0.9% | HOLD |
| 17 | XOMEXXON MOBIL CORP | 3,837 | $650,985 | 0.9% | HOLD |
| 18 | COSTCOSTCO WHSL CORP NEW | 621 | $618,783 | 0.9% | HOLD |
| 19 | PDBCINVESCO ACTVELY MNGD ETC FD | 25,347 | $439,010 | 0.6% | ADD 91% |
| 20 | TLTISHARES TR | 4,479 | $388,285 | 0.5% | ADD 120% |
| 21 | LRCXLAM RESEARCH CORP | 1,611 | $344,206 | 0.5% | TRIM −75% |
| 22 | MSFTMICROSOFT CORP | 872 | $322,788 | 0.4% | TRIM −79% |
| 23 | TMUST-MOBILE US INC | 1,444 | $303,283 | 0.4% | HOLD |
| 24 | ISRGINTUITIVE SURGICAL INC | 542 | $249,857 | 0.3% | HOLD |
| 25 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 693 | $234,199 | 0.3% | HOLD |
| 26 | TXNTEXAS INSTRS INC | 1,190 | $231,027 | 0.3% | HOLD |
| 27 | VOOVANGUARD INDEX FDS | 230 | $137,437 | 0.2% | HOLD |
| 28 | VTIVANGUARD INDEX FDS | 384 | $123,191 | 0.2% | HOLD |
| 29 | VTVVANGUARD INDEX FDS | 365 | $71,613 | 0.1% | ADD 2333% |
| 30 | VXFVANGUARD INDEX FDS | 100 | $20,580 | 0.0% | HOLD |
| 31 | VOVANGUARD INDEX FDS | 32 | $9,190 | 0.0% | HOLD |
| 32 | VUGVANGUARD INDEX FDS | 13 | $5,678 | 0.0% | HOLD |
| 33 | IWRISHARES TR | 58 | $5,639 | 0.0% | HOLD |
| 34 | IWPISHARES TR | 40 | $5,125 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 94K | 683 | 67K | 69K | 70K | 64K | $41M |
| TPLTEXAS PACIFIC LAND CORPORATI | 4K | 4K | 4K | 4K | 12K | 12K | $6M |
| QQQINVESCO QQQ TR | 110K | 1K | 76K | 78K | 78K | 7K | $4M |
| IYGISHARES TR | — | — | — | 3K | — | 39K | $3M |
| IGMISHARES TR | — | — | — | 3K | 14K | 24K | $3M |
| IYWISHARES TR | — | — | — | 2K | 9K | 15K | $3M |
| AAPLAPPLE INC | 3K | 9K | 1K | 3K | 8K | 4K | $1M |
| MSTRSTRATEGY INC | 5K | 6K | 11K | 8K | 8K | 8K | $1M |
| PWRQUANTA SVCS INC | — | — | — | — | 623 | 2K | $924,550 |
| GLDSPDR GOLD TR | — | — | — | — | 1K | 2K | $885,107 |
| KLACKLA CORP | — | — | — | — | 237 | 562 | $827,494 |
| EFAISHARES TR | — | — | — | 38 | 38 | 8K | $783,256 |
| MMM3M CO | — | — | — | — | 2K | 5K | $727,021 |
| ROKROCKWELL AUTOMATION INC | — | — | — | — | 725 | 2K | $681,154 |
| AMZNAMAZON COM INC | 5K | 3K | 3K | 6K | 7K | 3K | $672,504 |
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.
