CIK 2056819
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 |
|---|---|---|
| Diversified Telecommunication Services | 63.75% | 1 |
| Hotels, Restaurants & Leisure | 16.11% | 1 |
| Software & IT Services | 9.00% | 2 |
| Machinery | 7.19% | 1 |
| Commercial Services & Supplies | 3.96% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ECHO | EchoStar CORP | Communication Services | 63.75% |
| 2 | CZR | Caesars Entertainment, Inc. | Consumer Discretionary | 16.11% |
| 3 | SABR | Sabre Corp | Information Technology | 8.38% |
| 4 | AMBP | Ardagh Metal Packaging S.A. | Industrials | 7.19% |
| 5 | CTEV | Claritev Corp | Industrials | 3.96% |
| 6 | KD | Kyndryl Holdings, Inc. | Information Technology | 0.62% |
6/6 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 92.8%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 9.0% of book weight (2/6 names) · unclassified 91.0%: ECHO, CZR, AMBP, CTEV. 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 | ECHOECHOSTAR CORP | 3,451,345 | $404M | 63.7% | NEW |
| 2 | CZRCAESARS ENTERTAINMENT INC NE | 3,863,564 | $102M | 16.1% | ADD 255% |
| 3 | SABRSABRE CORP | 36,608,248 | $53M | 8.4% | NEW |
| 4 | AMBPARDAGH METAL PACKAGING S A | 11,246,170 | $46M | 7.2% | HOLD |
| 5 | CTEVCLARITEV CORPORATION | 1,534,687 | $25M | 4.0% | ADD 2% |
| 6 | KDKYNDRYL HLDGS INC | 300,000 | $4M | 0.6% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ECHOECHOSTAR CORP | — | — | — | — | — | 3.5M | $404M |
| CZRCAESARS ENTERTAINMENT INC NE | — | — | — | — | 1.1M | 3.9M | $102M |
| SABRSABRE CORP | — | — | — | — | — | 36.6M | $53M |
| AMBPARDAGH METAL PACKAGING S A | — | — | — | — | 11.2M | 11.2M | $46M |
| CTEVCLARITEV CORPORATION | — | — | — | — | 1.5M | 1.5M | $25M |
| KDKYNDRYL HLDGS INC | — | — | — | — | — | 300K | $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.
