CIK 2032385
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 | 19.11% | 13 |
| Utilities | 18.27% | 3 |
| Semiconductors & Semiconductor Equipment | 11.42% | 3 |
| Media & Entertainment | 8.92% | 2 |
| Chemicals | 7.92% | 2 |
| Banks | 6.31% | 3 |
| Technology Hardware & Equipment | 4.16% | 1 |
| Commercial Services & Supplies | 4.08% | 2 |
| Road & Rail | 3.75% | 1 |
| Oil, Gas & Consumable Fuels | 3.31% | 1 |
| Software | 3.10% | 1 |
| Insurance | 1.79% | 2 |
| Capital Markets | 1.67% | 1 |
| Aerospace & Defense | 1.63% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 1.46% | 1 |
| Health Care Equipment & Supplies | 0.81% | 2 |
| Food Products | 0.63% | 1 |
| Entertainment | 0.59% | 1 |
| Pharmaceuticals & Biotechnology | 0.59% | 1 |
| Airlines | 0.35% | 1 |
| Machinery | 0.12% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | WTRG | Essential Utilities, Inc. | Utilities | 8.90% |
| 2 | QRVO | Qorvo, Inc. | Information Technology | 7.85% |
| 3 | NWE | NorthWestern Energy Group, Inc. | Utilities | 6.90% |
| 4 | KVUE | Kenvue Inc. | Materials | 6.49% |
| 5 | LBRDK | Liberty Broadband Corp | Communication Services | 6.08% |
| 6 | NATL | NCR Atleos Corp | Information Technology | 4.16% |
| 7 | WBS | WEBSTER FINANCIAL CORP | Financials | 4.05% |
| 8 | NSC | NORFOLK SOUTHERN CORP | Industrials | 3.75% |
| 9 | AES | AES CORP | Industrials | 3.40% |
| 10 | VAL | Valaris Ltd | Energy | 3.31% |
31/44 names classified · sector 80.9% of weight · industry 80.9% · mkt cap 80.9%; 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: 80.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 68.0% of book weight (25/37 names) · unclassified 32.0%: , LBRDK, AAUC, CTRA, SLAB, HOLX, RIOT, SNCY, Q, ZIM +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 | WTRGESSENTIAL UTILS INC | 359,033 | $14M | 8.9% | TRIM −5% |
| 2 | QRVOQORVO INC | 164,835 | $13M | 7.9% | ADD 33% |
| 3 | NWENORTHWESTERN ENERGY GROUP IN | 170,055 | $11M | 6.9% | ADD 31% |
| 4 | KVUEKENVUE INC | 611,377 | $11M | 6.5% | ADD 73% |
| 5 | LBRDKLIBERTY BROADBAND CORP | 196,486 | $10M | 6.1% | ADD 17% |
| 6 | NATLNCR ATLEOS CORPORATION | 155,226 | $7M | 4.2% | NEW |
| 7 | WBSWEBSTER FINL CORP CONN | 94,769 | $7M | 4.0% | NEW |
| 8 | NSCNORFOLK SOUTHN CORP | 21,261 | $6M | 3.8% | TRIM −42% |
| 9 | AESAES Corp. | 392,577 | $6M | 3.4% | NEW |
| 10 | VALVALARIS LTD | 54,836 | $5M | 3.3% | NEW |
| 11 | EAELECTRONIC ARTS INC | 24,700 | $5M | 3.1% | ADD 25% |
| 12 | AAUCALLIED GOLD CORP | 158,261 | $5M | 3.0% | NEW |
| 13 | WBDWARNER BROS DISCOVERY INC | 167,975 | $5M | 2.8% | ADD 22% |
| 14 | CTRACOTERRA ENERGY INC | 126,422 | $4M | 2.7% | NEW |
| 15 | SLABSILICON LABORATORIES INC | 19,693 | $4M | 2.5% | NEW |
| 16 | TXNMPNM RES INC | 68,602 | $4M | 2.5% | ADD 28% |
| 17 | HOLXHOLOGIC INC | 52,847 | $4M | 2.5% | ADD 205% |
| 18 | RIOTRIOT PLATFORMS INC | 274,914 | $3M | 2.1% | TRIM −18% |
| 19 | DBRGDIGITALBRIDGE GROUP INC | 175,627 | $3M | 1.7% | NEW |
| 20 | HONHONEYWELL INTL INC | 11,730 | $3M | 1.6% | TRIM −50% |
| 21 | AIR LEASE CORP | 38,947 | $3M | 1.6% | TRIM −17% |
| 22 | NSANATIONAL STORAGE AFFILIATES | 62,767 | $2M | 1.5% | NEW |
| 23 | DDDUPONT DE NEMOURS INC | 50,997 | $2M | 1.4% | TRIM −17% |
| 24 | CLEARWATER ANALYTICS HLDGS I | 96,339 | $2M | 1.4% | NEW |
| 25 | THERMON GROUP HLDGS INC | 44,382 | $2M | 1.4% | NEW |
| 26 | CANTALOUPE INC | 193,377 | $2M | 1.3% | ADD 28% |
| 27 | ARCELLX INC | 17,468 | $2M | 1.2% | NEW |
| 28 | SNCYSUN CTRY AIRLS HLDGS INC | 107,015 | $2M | 1.1% | NEW |
| 29 | QQNITY ELECTRONICS INC | 14,755 | $2M | 1.0% | TRIM −25% |
| 30 | ZIMZIM INTEGRATED SHIPPING SERV | 57,088 | $2M | 0.9% | NEW |
| 31 | TERNS PHARMACEUTICALS INC | 28,500 | $2M | 0.9% | NEW |
| 32 | BHFBRIGHTHOUSE FINL INC | 25,064 | $2M | 0.9% | TRIM −41% |
| 33 | PRAPROASSURANCE CORP | 56,855 | $1M | 0.9% | ADD 24% |
| 34 | CARTMAPLEBEAR INC | 29,335 | $1M | 0.7% | TRIM −60% |
| 35 | LWLAMB WESTON HLDGS INC | 24,331 | $1M | 0.6% | TRIM −42% |
| 36 | ONESTREAM INC | 42,508 | $1M | 0.6% | NEW |
| 37 | LYVLIVE NATION ENTERTAINMENT IN | 6,256 | $954,103 | 0.6% | TRIM −77% |
| 38 | VKTXVIKING THERAPEUTICS INC | 29,273 | $952,543 | 0.6% | TRIM −66% |
| 39 | PENPENUMBRA INC | 2,843 | $933,556 | 0.6% | NEW |
| 40 | AMERICAN WOODMARK CORPORATIO | 19,589 | $780,229 | 0.5% | TRIM −52% |
| 41 | FDXFEDEX CORP | 1,610 | $573,450 | 0.4% | NEW |
| 42 | BDXBECTON DICKINSON & CO | 2,421 | $380,654 | 0.2% | NEW |
| 43 | STELSTELLAR BANCORP INC | 7,756 | $283,948 | 0.2% | NEW |
| 44 | VECOVEECO INSTRS INC DEL | 5,994 | $202,957 | 0.1% | TRIM −93% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WTRGESSENTIAL UTILS INC | — | — | — | — | 376K | 359K | $14M |
| QRVOQORVO INC | — | — | — | — | 124K | 165K | $13M |
| NWENORTHWESTERN ENERGY GROUP IN | — | — | — | 130K | 130K | 170K | $11M |
| KVUEKENVUE INC | — | — | 212K | — | 353K | 611K | $11M |
| LBRDKLIBERTY BROADBAND CORP | 56K | 103K | 160K | 181K | 167K | 196K | $10M |
| NATLNCR ATLEOS CORPORATION | — | — | — | — | — | 155K | $7M |
| WBSWEBSTER FINL CORP CONN | — | — | — | — | — | 95K | $7M |
| NSCNORFOLK SOUTHN CORP | — | — | — | 38K | 37K | 21K | $6M |
| AESAES Corp. | — | — | — | — | — | 393K | $6M |
| VALVALARIS LTD | — | — | — | — | — | 55K | $5M |
| EAELECTRONIC ARTS INC | — | — | — | — | 20K | 25K | $5M |
| AAUCALLIED GOLD CORP | — | — | — | — | — | 158K | $5M |
| WBDWARNER BROS DISCOVERY INC | — | — | — | — | 137K | 168K | $5M |
| CTRACOTERRA ENERGY INC | — | — | — | — | — | 126K | $4M |
| SLABSILICON LABORATORIES INC | — | — | — | — | — | 20K | $4M |
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.
