CIK 2020582
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 | 37.61% | 10 |
| Metals & Mining | 17.50% | 6 |
| Oil, Gas & Consumable Fuels | 8.64% | 4 |
| Aerospace & Defense | 6.96% | 6 |
| Tobacco | 6.80% | 2 |
| Machinery | 3.81% | 2 |
| Utilities | 2.87% | 6 |
| Food Products | 2.22% | 3 |
| Beverages | 2.06% | 1 |
| Commercial Services & Supplies | 2.06% | 1 |
| Technology Hardware & Equipment | 2.02% | 2 |
| Paper & Forest Products | 1.96% | 1 |
| Pharmaceuticals & Biotechnology | 1.91% | 3 |
| Capital Markets | 1.26% | 2 |
| Banks | 1.13% | 1 |
| Chemicals | 1.00% | 2 |
| Diversified Telecommunication Services | 0.17% | 1 |
| Specialty Retail | 0.01% | 1 |
| Insurance | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VGSH | VANGUARD SHORT-TERM TREASURY ETF | Unclassified | 11.85% |
| 2 | SGOV | ISHARES TR | Unclassified | 10.06% |
| 3 | GLD | SPDR GOLD TR | Unclassified | 5.41% |
| 4 | SLV | ISHARES SILVER TR | Unclassified | 4.43% |
| 5 | PM | Philip Morris International Inc. | Consumer Staples | 3.78% |
| 6 | AG | FIRST MAJESTIC SILVER CORP | Materials | 3.45% |
| 7 | SUB | ISHARES TR | Unclassified | 3.44% |
| 8 | PAAS | PAN AMERICAN SILVER CORP | Materials | 3.42% |
| 9 | WPM | WHEATON PRECIOUS METALS CORP | Materials | 3.35% |
| 10 | NEM | NEWMONT Corp /DE/ | Materials | 3.35% |
45/55 names classified · sector 62.4% of weight · industry 62.4% · mkt cap 51.5%; 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: 62.4% of the book is sector-classified (unclassified names shown, never dropped).
Only 48% of book weight classified — the grid is NOT representative of the whole book.
Classified: 48.0% of book weight (38/55 names) · unclassified 52.0%: VGSH, SGOV, GLD, SLV, AG, SUB, PAAS, WPM, CCJ, AEM +7 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 | VGSHVANGUARD SHORT-TERM TREASURY ETF | 251,145 | $15M | 11.8% | ADD 210% |
| 2 | SGOVISHARES TR | 124,031 | $12M | 10.1% | NEW |
| 3 | GLDSPDR GOLD TR | 15,615 | $7M | 5.4% | TRIM −2% |
| 4 | SLVISHARES SILVER TR | 80,759 | $6M | 4.4% | TRIM −42% |
| 5 | PMPHILIP MORRIS INTL INC | 28,347 | $5M | 3.8% | TRIM −10% |
| 6 | AGFIRST MAJESTIC SILVER CORP | 199,467 | $4M | 3.5% | TRIM −35% |
| 7 | SUBISHARES TR | 40,132 | $4M | 3.4% | ADD 426% |
| 8 | PAASPAN AMERN SILVER CORP | 77,799 | $4M | 3.4% | TRIM −17% |
| 9 | WPMWHEATON PRECIOUS METALS CORP | 31,690 | $4M | 3.3% | HOLD |
| 10 | NEMNEWMONT CORP | 38,352 | $4M | 3.3% | TRIM −15% |
| 11 | MPCMARATHON PETE CORP | 16,757 | $4M | 3.3% | TRIM −3% |
| 12 | XOMEXXON MOBIL CORP | 23,946 | $4M | 3.3% | TRIM −11% |
| 13 | MOALTRIA GROUP INC | 56,947 | $4M | 3.0% | TRIM −11% |
| 14 | CCJCAMECO CORP | 34,326 | $4M | 3.0% | TRIM −3% |
| 15 | WMBWILLIAMS COS INC | 37,694 | $3M | 2.2% | ADD 5% |
| 16 | CATCATERPILLAR INC | 3,783 | $3M | 2.2% | TRIM −19% |
| 17 | KOCOCA COLA CO | 33,578 | $3M | 2.1% | ADD 16% |
| 18 | WMWASTE MGMT INC DEL | 11,107 | $3M | 2.1% | ADD 25% |
| 19 | LMTLOCKHEED MARTIN CORP | 4,151 | $3M | 2.0% | TRIM −4% |
| 20 | RTXRTX CORPORATION | 12,954 | $2M | 2.0% | HOLD |
| 21 | CVXCHEVRON CORP NEW | 12,070 | $2M | 2.0% | NEW |
| 22 | HSYHERSHEY CO | 11,727 | $2M | 2.0% | ADD 4% |
| 23 | KMBKIMBERLY-CLARK CORP | 25,242 | $2M | 2.0% | ADD 154% |
| 24 | GILDGILEAD SCIENCES INC | 15,198 | $2M | 1.7% | NEW |
| 25 | BWXTBWX TECHNOLOGIES INC | 10,023 | $2M | 1.7% | ADD 74% |
| 26 | GSGOLDMAN SACHS GROUP INC | 1,755 | $1M | 1.2% | TRIM −41% |
| 27 | JPMJPMORGAN CHASE & CO | 4,767 | $1M | 1.1% | TRIM −33% |
| 28 | NOCNORTHROP GRUMMAN CORP | 1,944 | $1M | 1.1% | NEW |
| 29 | AAPLAPPLE INC | 5,092 | $1M | 1.0% | TRIM −4% |
| 30 | GDGENERAL DYNAMICS CORP | 3,676 | $1M | 1.0% | NEW |
| 31 | CLXCLOROX CO DEL | 11,719 | $1M | 1.0% | NEW |
| 32 | IBMINTERNATIONAL BUSINESS MACHS | 5,002 | $1M | 1.0% | ADD 9% |
| 33 | AEMAGNICO EAGLE MINES LTD | 5,692 | $1M | 0.9% | NEW |
| 34 | IBMOISHARES TR | 43,969 | $1M | 0.9% | NEW |
| 35 | IBMPISHARES TR | 44,261 | $1M | 0.9% | NEW |
| 36 | HIIHUNTINGTON INGALLS INDS INC | 2,705 | $1M | 0.8% | NEW |
| 37 | IBMQISHARES TR | 26,156 | $667,763 | 0.5% | NEW |
| 38 | MDLZMONDELEZ INTL INC | 5,000 | $288,200 | 0.2% | HOLD |
| 39 | GSKGSK PLC | 4,162 | $229,702 | 0.2% | TRIM −86% |
| 40 | DUKDUKE ENERGY CORP NEW | 1,691 | $221,420 | 0.2% | ADD 4350% |
| 41 | WECWEC ENERGY GROUP INC | 1,912 | $221,354 | 0.2% | NEW |
| 42 | VZVERIZON COMMUNICATIONS INC | 4,280 | $214,857 | 0.2% | TRIM −92% |
| 43 | BKHBLACK HILLS CORP | 3,065 | $212,744 | 0.2% | NEW |
| 44 | OKEONEOK INC NEW | 1,373 | $124,105 | 0.1% | NEW |
| 45 | TPLTEXAS PACIFIC LAND CORPORATI | 169 | $80,201 | 0.1% | TRIM −11% |
| 46 | PAGPPLAINS GP HLDGS L P | 2,700 | $65,556 | 0.1% | NEW |
| 47 | RSPINVESCO EXCHANGE TRADED FD T | 305 | $58,536 | 0.0% | NEW |
| 48 | AEPAMERICAN ELEC PWR CO INC | 273 | $35,785 | 0.0% | HOLD |
| 49 | KHCKRAFT HEINZ CO | 1,425 | $32,048 | 0.0% | HOLD |
| 50 | PGPROCTER AND GAMBLE CO | 200 | $28,888 | 0.0% | TRIM −4% |
| 51 | AMGNAMGEN INC | 64 | $22,518 | 0.0% | HOLD |
| 52 | HONHONEYWELL INTL INC | 58 | $13,110 | 0.0% | HOLD |
| 53 | DGROISHARES CORE DIVIDEND GROWTH ETF | 179 | $12,563 | 0.0% | NEW |
| 54 | TSCOTRACTOR SUPPLY CO | 252 | $11,416 | 0.0% | HOLD |
| 55 | PRUPRUDENTIAL FINL INC | 82 | $8,011 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VGSHVANGUARD SHORT-TERM TREASURY ETF | — | — | — | — | 81K | 251K | $15M |
| SGOVISHARES TR | — | — | — | — | — | 124K | $12M |
| GLDSPDR GOLD TR | — | — | — | — | 16K | 16K | $7M |
| SLVISHARES SILVER TR | — | — | — | — | 139K | 81K | $6M |
| PMPHILIP MORRIS INTL INC | — | — | — | — | 31K | 28K | $5M |
| AGFIRST MAJESTIC SILVER CORP | — | — | — | — | 308K | 199K | $4M |
| SUBISHARES TR | — | — | — | — | 8K | 40K | $4M |
| PAASPAN AMERN SILVER CORP | — | — | — | — | 94K | 78K | $4M |
| WPMWHEATON PRECIOUS METALS CORP | — | — | — | — | 32K | 32K | $4M |
| NEMNEWMONT CORP | — | — | — | — | 45K | 38K | $4M |
| MPCMARATHON PETE CORP | — | — | — | — | 17K | 17K | $4M |
| XOMEXXON MOBIL CORP | — | — | — | — | 27K | 24K | $4M |
| MOALTRIA GROUP INC | — | — | — | — | 64K | 57K | $4M |
| CCJCAMECO CORP | — | — | — | — | 35K | 34K | $4M |
| WMBWILLIAMS COS INC | — | — | — | — | 36K | 38K | $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.
