CIK 2043653
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 |
|---|---|---|
| Automobiles & Components | 32.54% | 1 |
| Media & Entertainment | 21.16% | 1 |
| Software & IT Services | 17.64% | 1 |
| Oil, Gas & Consumable Fuels | 15.17% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 6.76% | 1 |
| Construction Materials | 3.64% | 1 |
| Chemicals | 3.01% | 1 |
| Unclassified | 0.07% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | DCH | Dauch Corp | Consumer Discretionary | 32.54% |
| 2 | SBGI | Sinclair, Inc. | Communication Services | 21.16% |
| 3 | TRIP | TripAdvisor, Inc. | Information Technology | 17.64% |
| 4 | DK | Delek US Holdings, Inc. | Energy | 15.17% |
| 5 | FSP | FRANKLIN STREET PROPERTIES CORP /MA/ | Real Estate | 6.76% |
| 6 | OI | O-I Glass, Inc. /DE/ | Materials | 3.64% |
| 7 | TROX | Tronox Holdings plc | Materials | 3.01% |
| 8 | XRXDW | XEROX HOLDINGS CORP | Unclassified | 0.07% |
7/8 names classified · sector 99.9% of weight · industry 99.9% · mkt cap 99.9%; 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: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 63.7% of book weight (5/8 names) · unclassified 36.3%: DCH, OI, XRXDW. 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 | DCHAMERICAN AXLE & MFG HLDGS IN | 3,565,044 | $21M | 32.5% | ADD 40% |
| 2 | SBGISINCLAIR INC | 1,062,452 | $14M | 21.2% | ADD 16% |
| 3 | TRIPTRIPADVISOR INC | 1,075,000 | $11M | 17.6% | NEW |
| 4 | DKDELEK US HLDGS INC NEW | 218,658 | $10M | 15.2% | NEW |
| 5 | FSPFRANKLIN STR PPTYS CORP | 6,608,478 | $4M | 6.8% | HOLD |
| 6 | OIO-I GLASS INC | 225,000 | $2M | 3.6% | NEW |
| 7 | TROXTRONOX HOLDINGS PLC | 200,000 | $2M | 3.0% | ADD 33% |
| 8 | XRXDWXEROX HOLDINGS CORP | 511,097 | $46,254 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| DCHAMERICAN AXLE & MFG HLDGS IN | — | — | — | — | 2.5M | 3.6M | $21M |
| SBGISINCLAIR INC | — | — | — | — | 918K | 1.1M | $14M |
| TRIPTRIPADVISOR INC | — | — | — | — | — | 1.1M | $11M |
| DKDELEK US HLDGS INC NEW | — | — | — | — | — | 219K | $10M |
| FSPFRANKLIN STR PPTYS CORP | — | — | — | — | 6.6M | 6.6M | $4M |
| OIO-I GLASS INC | — | — | — | — | — | 225K | $2M |
| TROXTRONOX HOLDINGS PLC | — | — | — | — | 150K | 200K | $2M |
| XRXDWXEROX HOLDINGS CORP | — | — | — | — | — | 511K | $46,254 |
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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