CIK 2058849
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 |
|---|---|---|
| Banks | 44.70% | 9 |
| Capital Markets | 24.92% | 7 |
| Commercial Services & Supplies | 17.02% | 3 |
| Insurance | 11.00% | 2 |
| Construction & Engineering | 2.36% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ECPG | ENCORE CAPITAL GROUP INC | Financials | 10.81% |
| 2 | FLYW | Flywire Corp | Industrials | 8.10% |
| 3 | SKWD | Skyward Specialty Insurance Group, Inc. | Financials | 7.64% |
| 4 | COF | CAPITAL ONE FINANCIAL CORP | Financials | 7.02% |
| 5 | SPGI | S&P Global Inc. | Industrials | 5.31% |
| 6 | UWMC | UWM Holdings Corp | Financials | 5.05% |
| 7 | UMBF | UMB FINANCIAL CORP | Financials | 4.87% |
| 8 | FUTU | Futu Holdings Ltd | Financials | 4.54% |
| 9 | AFRM | Affirm Holdings, Inc. | Financials | 4.45% |
| 10 | SEIC | SEI INVESTMENTS CO | Financials | 3.92% |
22/22 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 93.1%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 86.3% of book weight (18/22 names) · unclassified 13.7%: FUTU, RKT, AAMI, UBS. 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 | ECPGENCORE CAP GROUP INC | 222,611 | $16M | 10.8% | TRIM −17% |
| 2 | FLYWFLYWIRE CORPORATION | 1,004,580 | $12M | 8.1% | ADD 37% |
| 3 | SKWDSKYWARD SPECIALTY INS GROUP | 252,415 | $11M | 7.6% | ADD 10% |
| 4 | COFCAPITAL ONE FINL CORP | 55,548 | $10M | 7.0% | ADD 106% |
| 5 | SPGIS&P GLOBAL INC | 18,005 | $8M | 5.3% | ADD 110% |
| 6 | UWMCUWM HOLDINGS CORPORATION | 2,012,105 | $7M | 5.0% | ADD 402% |
| 7 | UMBFUMB FINL CORP | 62,314 | $7M | 4.9% | ADD 20% |
| 8 | FUTUFUTU HLDGS LTD | 47,947 | $7M | 4.5% | NEW |
| 9 | AFRMAFFIRM HLDGS INC | 140,290 | $6M | 4.5% | NEW |
| 10 | SEICSEI INVTS CO | 72,140 | $6M | 3.9% | ADD 67% |
| 11 | LPLALPL FINL HLDGS INC | 17,994 | $5M | 3.7% | NEW |
| 12 | VVISA INC | 17,286 | $5M | 3.6% | ADD 6% |
| 13 | ICEINTERCONTINENTAL EXCHANGE IN | 31,523 | $5M | 3.4% | NEW |
| 14 | VLYVALLEY NATL BANCORP | 403,720 | $5M | 3.4% | NEW |
| 15 | RKTROCKET COS INC | 344,556 | $5M | 3.4% | NEW |
| 16 | AAMIACADIAN ASSET MANAGEMENT INC | 90,048 | $5M | 3.4% | NEW |
| 17 | PGRPROGRESSIVE CORP | 24,451 | $5M | 3.4% | TRIM −19% |
| 18 | RPCP10 INC | 651,082 | $5M | 3.3% | HOLD |
| 19 | ENVAENOVA INTL INC | 34,641 | $5M | 3.3% | NEW |
| 20 | BGCBGC GROUP INC | 383,974 | $4M | 2.6% | NEW |
| 21 | UBSUBS GROUP AG | 88,866 | $3M | 2.4% | NEW |
| 22 | CCSCENTURY CMNTYS INC | 59,355 | $3M | 2.4% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ECPGENCORE CAP GROUP INC | — | — | — | — | 268K | 223K | $16M |
| FLYWFLYWIRE CORPORATION | — | — | — | — | 731K | 1.0M | $12M |
| SKWDSKYWARD SPECIALTY INS GROUP | — | — | — | — | 230K | 252K | $11M |
| COFCAPITAL ONE FINL CORP | — | — | — | — | 27K | 56K | $10M |
| SPGIS&P GLOBAL INC | — | — | — | — | 9K | 18K | $8M |
| UWMCUWM HOLDINGS CORPORATION | — | — | — | — | 401K | 2.0M | $7M |
| UMBFUMB FINL CORP | — | — | — | — | 52K | 62K | $7M |
| FUTUFUTU HLDGS LTD | — | — | — | — | — | 48K | $7M |
| AFRMAFFIRM HLDGS INC | — | — | — | — | — | 140K | $6M |
| SEICSEI INVTS CO | — | — | — | — | 43K | 72K | $6M |
| LPLALPL FINL HLDGS INC | — | — | — | — | — | 18K | $5M |
| VVISA INC | — | — | — | — | 16K | 17K | $5M |
| ICEINTERCONTINENTAL EXCHANGE IN | — | — | — | — | — | 32K | $5M |
| VLYVALLEY NATL BANCORP | — | — | — | — | — | 404K | $5M |
| RKTROCKET COS INC | — | — | — | — | — | 345K | $5M |
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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