CIK 2040608
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 | 23.47% | 2 |
| Hotels, Restaurants & Leisure | 21.21% | 2 |
| Distributors | 14.66% | 1 |
| Semiconductors & Semiconductor Equipment | 11.46% | 1 |
| Construction Materials | 10.53% | 1 |
| Transportation Infrastructure | 8.34% | 1 |
| Technology Hardware & Equipment | 5.49% | 1 |
| Software & IT Services | 4.83% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CNM | Core & Main, Inc. | Consumer Discretionary | 14.66% |
| 2 | HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | 12.05% |
| 3 | SPGI | S&P Global Inc. | Industrials | 11.74% |
| 4 | MA | Mastercard Inc | Financials | 11.73% |
| 5 | TXN | TEXAS INSTRUMENTS INC | Information Technology | 11.46% |
| 6 | MLM | MARTIN MARIETTA MATERIALS INC | Materials | 10.53% |
| 7 | YUM | YUM BRANDS INC | Consumer Discretionary | 9.16% |
| 8 | EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | Industrials | 8.34% |
| 9 | ROP | ROPER TECHNOLOGIES INC | Information Technology | 5.49% |
| 10 | ADP | AUTOMATIC DATA PROCESSING INC | Information Technology | 4.83% |
10/10 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 100.0% of book weight (10/10 names). 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 | CNMCORE & MAIN INC | 2,267,608 | $112M | 14.7% | ADD 31% |
| 2 | HLTHILTON WORLDWIDE HLDGS INC | 302,924 | $92M | 12.1% | ADD 36% |
| 3 | SPGIS&P GLOBAL INC | 210,885 | $90M | 11.7% | ADD 79% |
| 4 | MAMASTERCARD INCORPORATED | 179,476 | $90M | 11.7% | ADD 95% |
| 5 | TXNTEXAS INSTRS INC | 451,165 | $88M | 11.5% | ADD 33% |
| 6 | MLMMARTIN MARIETTA MATLS INC | 136,719 | $80M | 10.5% | ADD 20% |
| 7 | YUMYUM BRANDS INC | 450,260 | $70M | 9.2% | ADD 30% |
| 8 | EXPDEXPEDITORS INTL WASH INC | 444,976 | $64M | 8.3% | ADD 13% |
| 9 | ROPROPER TECHNOLOGIES INC | 118,606 | $42M | 5.5% | ADD 5% |
| 10 | ADPAUTOMATIC DATA PROCESSING IN | 181,639 | $37M | 4.8% | ADD 6% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CNMCORE & MAIN INC | 238K | 718K | 960K | 1.2M | 1.7M | 2.3M | $112M |
| HLTHILTON WORLDWIDE HLDGS INC | 44K | 133K | 178K | 198K | 223K | 303K | $92M |
| SPGIS&P GLOBAL INC | 18K | 53K | 71K | 79K | 118K | 211K | $90M |
| MAMASTERCARD INCORPORATED | — | — | — | — | 92K | 179K | $90M |
| TXNTEXAS INSTRS INC | 44K | 131K | 203K | 225K | 340K | 451K | $88M |
| MLMMARTIN MARIETTA MATLS INC | 19K | 64K | 86K | 96K | 114K | 137K | $80M |
| YUMYUM BRANDS INC | 83K | 231K | 308K | 292K | 347K | 450K | $70M |
| EXPDEXPEDITORS INTL WASH INC | 83K | 244K | 327K | 348K | 392K | 445K | $64M |
| ROPROPER TECHNOLOGIES INC | 19K | 61K | 81K | 90K | 113K | 119K | $42M |
| ADPAUTOMATIC DATA PROCESSING IN | 37K | 102K | 124K | 137K | 171K | 182K | $37M |
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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