CIK 2054679
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 | 32.77% | 9 |
| Oil, Gas & Consumable Fuels | 25.33% | 6 |
| Communications Equipment | 9.96% | 3 |
| Metals & Mining | 8.46% | 2 |
| Automobiles & Components | 4.98% | 1 |
| Diversified Telecommunication Services | 4.41% | 1 |
| Machinery | 3.34% | 3 |
| Technology Hardware & Equipment | 2.25% | 4 |
| Semiconductors & Semiconductor Equipment | 1.86% | 2 |
| Software | 1.50% | 1 |
| Banks | 0.89% | 2 |
| Electrical Equipment & Components | 0.75% | 2 |
| Pharmaceuticals & Biotechnology | 0.64% | 3 |
| Distributors | 0.63% | 1 |
| Chemicals | 0.60% | 1 |
| Road & Rail | 0.51% | 1 |
| Beverages | 0.50% | 2 |
| Tobacco | 0.36% | 1 |
| Construction & Engineering | 0.27% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VGSH | VANGUARD SHORT-TERM TREASURY ETF | Unclassified | 13.72% |
| 2 | NEM | NEWMONT Corp /DE/ | Materials | 8.00% |
| 3 | ERIC | ERICSSON LM TELEPHONE CO | Information Technology | 6.90% |
| 4 | EQNR | Equinor ASA | Energy | 6.81% |
| 5 | PFIX | SIMPLIFY EXCHANGE TRADED FUN | Unclassified | 6.10% |
| 6 | GDX | VANECK ETF TRUST GOLD MINERS ETF | Unclassified | 5.46% |
| 7 | SHEL | SHELL PLC | Energy | 4.99% |
| 8 | BWA | BORGWARNER INC | Consumer Discretionary | 4.98% |
| 9 | VET | VERMILION ENERGY INC. | Energy | 4.68% |
| 10 | VZ | VERIZON COMMUNICATIONS INC | Communication Services | 4.41% |
38/46 names classified · sector 70.6% of weight · industry 67.2% · mkt cap 45.8%; 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: 70.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 37% of book weight classified — the grid is NOT representative of the whole book.
Classified: 36.5% of book weight (30/46 names) · unclassified 63.5%: VGSH, ERIC, EQNR, PFIX, GDX, SHEL, VET, TTE, BRK.B, +6 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 | 255,127 | $15M | 13.7% | ADD 8% |
| 2 | NEMNEWMONT CORP | 80,460 | $9M | 8.0% | ADD 3% |
| 3 | ERICERICSSON | 666,951 | $8M | 6.9% | HOLD |
| 4 | EQNREQUINOR ASA | 175,593 | $7M | 6.8% | ADD 4% |
| 5 | PFIXSIMPLIFY EXCHANGE TRADED FUN | 143,638 | $7M | 6.1% | ADD 26% |
| 6 | GDXVANECK ETF TRUST GOLD MINERS ETF | 64,748 | $6M | 5.5% | ADD 12% |
| 7 | SHELSHELL PLC | 58,378 | $5M | 5.0% | HOLD |
| 8 | BWABORGWARNER INC | 99,964 | $5M | 5.0% | HOLD |
| 9 | VETVERMILION ENERGY INC | 369,711 | $5M | 4.7% | ADD 41% |
| 10 | VZVERIZON COMMUNICATIONS INC | 95,680 | $5M | 4.4% | TRIM −5% |
| 11 | TTETotalEnergies SE | 42,628 | $4M | 3.6% | TRIM −30% |
| 12 | BRK.BBERKSHIRE HATHAWAY INC DEL | 7,676 | $4M | 3.4% | HOLD |
| 13 | XOMEXXON MOBIL CORP | 17,796 | $3M | 2.8% | ADD 63% |
| 14 | ALBEMARLE CORP | 41,705 | $3M | 2.8% | HOLD |
| 15 | TEXTerex Corp. | 48,666 | $3M | 2.6% | HOLD |
| 16 | PBRPETROLEO BRASILEIRO S A | 132,360 | $3M | 2.5% | HOLD |
| 17 | QCOMQUALCOMM INC | 15,346 | $2M | 1.8% | ADD 2% |
| 18 | NXPINXP SEMICONDUCTORS N V | 9,096 | $2M | 1.6% | HOLD |
| 19 | MSFTMICROSOFT CORP | 4,405 | $2M | 1.5% | HOLD |
| 20 | CLFDCLEARFIELD INC | 51,276 | $1M | 1.2% | ADD 3% |
| 21 | IBMINTERNATIONAL BUSINESS MACHS | 4,168 | $1M | 0.9% | HOLD |
| 22 | AAPLAPPLE INC | 3,455 | $876,845 | 0.8% | HOLD |
| 23 | JPMJPMORGAN CHASE & CO | 2,351 | $691,571 | 0.6% | HOLD |
| 24 | GWWWW GRAINGER INC | 625 | $681,757 | 0.6% | HOLD |
| 25 | ALBALBEMARLE CORP | 3,655 | $656,183 | 0.6% | TRIM −7% |
| 26 | IEUSISHARES TR | 9,097 | $603,405 | 0.6% | TRIM −26% |
| 27 | UNPUNION PAC CORP | 2,305 | $559,240 | 0.5% | TRIM −22% |
| 28 | CATCATERPILLAR INC | 755 | $534,888 | 0.5% | HOLD |
| 29 | GLWCORNING INC | 3,667 | $498,602 | 0.5% | HOLD |
| 30 | GEGE AEROSPACE | 1,718 | $487,517 | 0.4% | HOLD |
| 31 | PMPHILIP MORRIS INTL INC | 2,344 | $387,557 | 0.4% | HOLD |
| 32 | IJHISHARES TR | 5,375 | $362,974 | 0.3% | HOLD |
| 33 | GEVGE VERNOVA INC | 377 | $329,084 | 0.3% | HOLD |
| 34 | TMOTHERMO FISHER SCIENTIFIC INC | 650 | $319,495 | 0.3% | HOLD |
| 35 | PEPPEPSICO INC | 2,010 | $312,133 | 0.3% | HOLD |
| 36 | IJRISHARES TR | 2,465 | $306,425 | 0.3% | HOLD |
| 37 | STRLSTERLING INFRASTRUCTURE INC | 723 | $294,457 | 0.3% | TRIM −28% |
| 38 | CBUCOMMUNITY FINANCIAL SYSTEM I | 4,718 | $276,711 | 0.3% | HOLD |
| 39 | ABBVABBVIE INC | 1,127 | $245,112 | 0.2% | HOLD |
| 40 | CSCOCISCO SYS INC | 3,106 | $240,995 | 0.2% | HOLD |
| 41 | KOCOCA COLA CO | 3,070 | $233,474 | 0.2% | HOLD |
| 42 | TXNTEXAS INSTRS INC | 1,200 | $232,968 | 0.2% | HOLD |
| 43 | REGNREGENERON PHARMACEUTICALS | 300 | $231,792 | 0.2% | HOLD |
| 44 | SPXCSPX TECHNOLOGIES INC | 1,120 | $223,933 | 0.2% | HOLD |
| 45 | SPYSTATE STR SPDR S&P 500 ETF T | 334 | $217,214 | 0.2% | HOLD |
| 46 | JNJJOHNSON & JOHNSON | 878 | $214,619 | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VGSHVANGUARD SHORT-TERM TREASURY ETF | 227K | 225K | 230K | 231K | 235K | 255K | $15M |
| NEMNEWMONT CORP | 53K | 81K | 80K | 80K | 78K | 80K | $9M |
| ERICERICSSON | 716K | 725K | 713K | 714K | 678K | 667K | $8M |
| EQNREQUINOR ASA | 170K | 176K | 175K | 175K | 170K | 176K | $7M |
| PFIXSIMPLIFY EXCHANGE TRADED FUN | 110K | 110K | 110K | 112K | 114K | 144K | $7M |
| GDXVANECK ETF TRUST GOLD MINERS ETF | 58K | 58K | 58K | 58K | 58K | 65K | $6M |
| SHELSHELL PLC | 59K | 59K | 58K | 59K | 59K | 58K | $5M |
| BWABORGWARNER INC | 124K | 124K | 122K | 122K | 102K | 100K | $5M |
| VETVERMILION ENERGY INC | 134K | 310K | 308K | 310K | 262K | 370K | $5M |
| VZVERIZON COMMUNICATIONS INC | 107K | 106K | 105K | 104K | 100K | 96K | $5M |
| TTETotalEnergies SE | — | — | — | — | 61K | 43K | $4M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 8K | 8K | 8K | 8K | 8K | 8K | $4M |
| XOMEXXON MOBIL CORP | 11K | 11K | 11K | 11K | 11K | 18K | $3M |
| ALBEMARLE CORP | 27K | 46K | 46K | 46K | 42K | 42K | $3M |
| TEXTerex Corp. | 48K | 48K | 48K | 48K | 48K | 49K | $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.
