CIK 2056338
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 | 59.99% | 27 |
| Equity Real Estate Investment Trusts (REITs) | 20.24% | 11 |
| Capital Markets | 2.42% | 2 |
| Software & IT Services | 2.25% | 3 |
| Diversified Telecommunication Services | 1.93% | 2 |
| Oil, Gas & Consumable Fuels | 1.87% | 4 |
| Utilities | 1.71% | 3 |
| Specialty Retail | 1.51% | 1 |
| Chemicals | 1.20% | 2 |
| Real Estate Management & Development | 1.18% | 2 |
| Banks | 0.92% | 2 |
| Food Products | 0.88% | 3 |
| Hotels, Restaurants & Leisure | 0.67% | 1 |
| Pharmaceuticals & Biotechnology | 0.67% | 2 |
| Software | 0.66% | 2 |
| Entertainment | 0.40% | 1 |
| Media & Entertainment | 0.39% | 1 |
| Beverages | 0.36% | 1 |
| Insurance | 0.34% | 1 |
| Aerospace & Defense | 0.22% | 1 |
| Commercial Services & Supplies | 0.19% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | JAAA | JANUS DETROIT STR TR | Unclassified | 19.41% |
| 2 | JBBB | JANUS DETROIT STR TR | Unclassified | 10.84% |
| 3 | SGOV | ISHARES TR | Unclassified | 5.85% |
| 4 | VICI | VICI PROPERTIES INC. | Real Estate | 5.45% |
| 5 | MSDL | MORGAN STANLEY DIRECT LENDIN | Unclassified | 3.83% |
| 6 | ARE | ALEXANDRIA REAL ESTATE EQUITIES, INC. | Real Estate | 3.69% |
| 7 | AMLP | ALPS ETF TR | Unclassified | 3.02% |
| 8 | OBDC | BLUE OWL CAPITAL CORPORATION | Unclassified | 2.98% |
| 9 | CCI | CROWN CASTLE INC. | Real Estate | 2.28% |
| 10 | LQD | ISHARES TR | Unclassified | 2.19% |
48/73 names classified · sector 40.5% of weight · industry 40.0% · mkt cap 39.1%; 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: 40.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 31% of book weight classified — the grid is NOT representative of the whole book.
Classified: 30.8% of book weight (34/73 names) · unclassified 69.2%: JAAA, JBBB, SGOV, MSDL, ARE, AMLP, OBDC, LQD, BKLN, WPC +29 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 | JAAAJANUS DETROIT STR TR | 467,405 | $24M | 19.4% | TRIM −9% |
| 2 | JBBBJANUS DETROIT STR TR | 282,161 | $13M | 10.8% | HOLD |
| 3 | SGOVISHARES TR | 70,522 | $7M | 5.9% | TRIM −19% |
| 4 | VICIVICI PPTYS INC | 242,009 | $7M | 5.5% | ADD 6% |
| 5 | MSDLMORGAN STANLEY DIRECT LENDIN | 332,467 | $5M | 3.8% | ADD 10% |
| 6 | AREALEXANDRIA REAL ESTATE EQ IN | 96,493 | $4M | 3.7% | ADD 18% |
| 7 | AMLPALPS ETF TR | 69,545 | $4M | 3.0% | HOLD |
| 8 | OBDCBLUE OWL CAPITAL CORPORATION | 326,772 | $4M | 3.0% | ADD 6% |
| 9 | CCICROWN CASTLE INC | 33,986 | $3M | 2.3% | HOLD |
| 10 | LQDISHARES TR | 24,375 | $3M | 2.2% | TRIM −8% |
| 11 | MAAMID-AMER APT CMNTYS INC | 21,405 | $3M | 2.2% | ADD 34% |
| 12 | OWLBLUE OWL CAPITAL INC | 265,870 | $2M | 2.0% | ADD 752% |
| 13 | BKLNINVESCO EXCH TRADED FD TR II | 114,780 | $2M | 1.9% | TRIM −4% |
| 14 | NNNNNN REIT INC | 54,025 | $2M | 1.9% | TRIM −7% |
| 15 | GOOGALPHABET INC | 7,555 | $2M | 1.8% | TRIM −5% |
| 16 | VZVERIZON COMMUNICATIONS INC | 41,931 | $2M | 1.7% | TRIM −5% |
| 17 | AMZNAMAZON COM INC | 8,778 | $2M | 1.5% | ADD 134% |
| 18 | WPCW. P. Carey Inc. | 26,594 | $2M | 1.5% | TRIM −45% |
| 19 | XFRAXBLACKROCK FLOATING RATE INCO | 161,071 | $2M | 1.5% | TRIM −4% |
| 20 | PFFAETFIS SER TR I | 82,550 | $2M | 1.4% | HOLD |
| 21 | CPTCAMDEN PPTY TR | 15,126 | $1M | 1.2% | ADD 17% |
| 22 | DEAEASTERLY GOVT PPTYS INC | 62,841 | $1M | 1.1% | TRIM −4% |
| 23 | OXYOCCIDENTAL PETE CORP | 18,390 | $1M | 1.0% | ADD 8% |
| 24 | OCSLOAKTREE SPECIALTY LENDING CO | 89,746 | $1M | 0.8% | TRIM −6% |
| 25 | FSKFS KKR CAP CORP | 99,500 | $1M | 0.8% | ADD 13% |
| 26 | HYGISHARES TR | 11,696 | $930,497 | 0.8% | TRIM −7% |
| 27 | MLPAGLOBAL X FDS | 16,400 | $883,468 | 0.7% | TRIM −2% |
| 28 | ALLYALLY FINL INC | 22,042 | $864,697 | 0.7% | TRIM −64% |
| 29 | BXSLBLACKSTONE SECD LENDING FD | 35,750 | $846,918 | 0.7% | ADD 28% |
| 30 | CZRCAESARS ENTERTAINMENT INC NE | 30,900 | $816,687 | 0.7% | NEW |
| 31 | PFEPFIZER INC | 28,355 | $796,208 | 0.7% | TRIM −4% |
| 32 | OKEONEOK INC NEW | 8,690 | $785,489 | 0.6% | TRIM −32% |
| 33 | AHRTARMADA HOFFLER PPTYS INC | 140,475 | $772,613 | 0.6% | TRIM −5% |
| 34 | DOWDOW HLDGS INC | 18,500 | $770,525 | 0.6% | TRIM −2% |
| 35 | EPDENTERPRISE PRODS PARTNERS L | 20,336 | $769,528 | 0.6% | HOLD |
| 36 | ABRARBOR REALTY TRUST INC | 92,904 | $716,290 | 0.6% | NEW |
| 37 | LYBLYONDELLBASELL INDUSTRIES N | 8,485 | $683,552 | 0.6% | TRIM −3% |
| 38 | BNBROOKFIELD CORP | 16,200 | $655,615 | 0.5% | HOLD |
| 39 | OTFBLUE OWL TECHNOLOGY FINANCE | 49,600 | $614,544 | 0.5% | NEW |
| 40 | GSBDGOLDMAN SACHS BDC INC | 68,550 | $608,724 | 0.5% | ADD 71% |
| 41 | ETENERGY TRANSFER L P | 26,900 | $519,170 | 0.4% | ADD 54% |
| 42 | KENNEDY-WILSON HOLDINGS INC | 47,019 | $508,744 | 0.4% | TRIM −7% |
| 43 | TPLTEXAS PACIFIC LAND CORPORATI | 1,071 | $508,304 | 0.4% | HOLD |
| 44 | BRK.BBERKSHIRE HATHAWAY INC DEL | 1,051 | $503,751 | 0.4% | NEW |
| 45 | CPBTHE CAMPBELLS COMPANY | 21,700 | $483,259 | 0.4% | NEW |
| 46 | DISDISNEY WALT CO | 5,006 | $482,473 | 0.4% | HOLD |
| 47 | CMCSACOMCAST CORP NEW | 16,587 | $476,199 | 0.4% | NEW |
| 48 | ADBEADOBE INC | 1,851 | $449,941 | 0.4% | NEW |
| 49 | DEODIAGEO PLC | 5,833 | $434,268 | 0.4% | ADD 17% |
| 50 | KHCKRAFT HEINZ CO | 19,037 | $428,139 | 0.4% | ADD 28% |
| 51 | XOMEXXON MOBIL CORP | 2,501 | $424,320 | 0.3% | HOLD |
| 52 | APAAPA CORPORATION | 9,708 | $412,008 | 0.3% | TRIM −3% |
| 53 | CNCCENTENE CORP DEL | 12,425 | $406,795 | 0.3% | TRIM −20% |
| 54 | SCYBSCHWAB STRATEGIC TR | 15,200 | $395,200 | 0.3% | TRIM −3% |
| 55 | METAMETA PLATFORMS INC | 615 | $351,859 | 0.3% | NEW |
| 56 | MSFTMICROSOFT CORP | 941 | $348,330 | 0.3% | TRIM −22% |
| 57 | CCAPCRESCENT CAP BDC INC | 25,480 | $309,583 | 0.3% | TRIM −3% |
| 58 | KBDCKAYNE ANDERSON BDC INC | 21,100 | $289,492 | 0.2% | HOLD |
| 59 | LMTLOCKHEED MARTIN CORP | 435 | $262,910 | 0.2% | HOLD |
| 60 | CCITIGROUP INC | 2,225 | $252,387 | 0.2% | TRIM −41% |
| 61 | RMMZRIVERNORTH MANAGED DUR MUN I | 17,100 | $251,199 | 0.2% | HOLD |
| 62 | VVISA INC | 782 | $236,352 | 0.2% | NEW |
| 63 | VODVODAFONE GROUP PLC | 15,642 | $234,941 | 0.2% | TRIM −9% |
| 64 | BPBP PLC | 4,966 | $233,408 | 0.2% | TRIM −82% |
| 65 | UDRUDR INC | 6,900 | $233,082 | 0.2% | HOLD |
| 66 | BXMTBLACKSTONE MTG TR INC | 11,800 | $225,970 | 0.2% | ADD 5% |
| 67 | GOOGLALPHABET INC | 726 | $208,768 | 0.2% | HOLD |
| 68 | CIONCION INVT CORP | 25,832 | $176,690 | 0.1% | TRIM −5% |
| 69 | CAGCONAGRA BRANDS INC | 10,211 | $160,517 | 0.1% | NEW |
| 70 | GBDCGOLUB CAP BDC INC | 10,003 | $126,638 | 0.1% | HOLD |
| 71 | STLASTELLANTIS N.V | 10,600 | $75,154 | 0.1% | NEW |
| 72 | ECCEAGLE POINT CREDIT COMPANY I | 12,007 | $45,148 | 0.0% | TRIM −4% |
| 73 | HURATUHURA BIOSCIENCES INC | 10,000 | $17,900 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| JAAAJANUS DETROIT STR TR | 417K | 526K | 542K | 532K | 516K | 467K | $24M |
| JBBBJANUS DETROIT STR TR | 114K | 223K | 245K | 287K | 288K | 282K | $13M |
| SGOVISHARES TR | 172K | 161K | 143K | 133K | 87K | 71K | $7M |
| VICIVICI PPTYS INC | 123K | 150K | 157K | 148K | 228K | 242K | $7M |
| MSDLMORGAN STANLEY DIRECT LENDIN | 46K | 199K | 238K | 298K | 303K | 332K | $5M |
| AREALEXANDRIA REAL ESTATE EQ IN | 3K | 45K | 61K | 69K | 82K | 96K | $4M |
| AMLPALPS ETF TR | — | — | 20K | 72K | 70K | 70K | $4M |
| OBDCBLUE OWL CAPITAL CORPORATION | 164K | 251K | 274K | 293K | 308K | 327K | $4M |
| CCICROWN CASTLE INC | 32K | 35K | 36K | 36K | 34K | 34K | $3M |
| LQDISHARES TR | 23K | 29K | 29K | 28K | 27K | 24K | $3M |
| MAAMID-AMER APT CMNTYS INC | 4K | 4K | 4K | 9K | 16K | 21K | $3M |
| OWLBLUE OWL CAPITAL INC | — | — | — | — | 31K | 266K | $2M |
| BKLNINVESCO EXCH TRADED FD TR II | 85K | 77K | 114K | 132K | 120K | 115K | $2M |
| NNNNNN REIT INC | 22K | 32K | 47K | 37K | 58K | 54K | $2M |
| GOOGALPHABET INC | 7K | 8K | 8K | 8K | 8K | 8K | $2M |
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.
