CIK 2082932
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 |
|---|---|---|
| Utilities | 32.46% | 8 |
| Metals & Mining | 14.77% | 2 |
| Marine | 10.72% | 1 |
| Commercial Services & Supplies | 10.10% | 2 |
| Unclassified | 7.73% | 9 |
| Paper & Forest Products | 7.02% | 1 |
| Semiconductors & Semiconductor Equipment | 7.01% | 1 |
| Machinery | 6.43% | 1 |
| Aerospace & Defense | 3.76% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GLNG | GOLAR LNG LTD | Industrials | 10.72% |
| 2 | CTRI | Centuri Holdings, Inc. | Utilities | 8.47% |
| 3 | GFL | GFL Environmental Inc. | Industrials | 8.27% |
| 4 | OR | OR Royalties Inc. | Materials | 8.06% |
| 5 | SW | Smurfit Westrock plc | Materials | 7.02% |
| 6 | JBL | JABIL INC | Information Technology | 7.01% |
| 7 | AGI | ALAMOS GOLD INC CLASS A | Materials | 6.71% |
| 8 | DNOW | DNOW Inc. | Industrials | 6.43% |
| 9 | AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | 6.41% |
| 10 | ETR | ENTERGY CORP /DE/ | Utilities | 4.67% |
17/26 names classified · sector 92.3% of weight · industry 92.3% · mkt cap 85.6%; 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: 92.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 52.1% of book weight (12/26 names) · unclassified 47.9%: GLNG, GFL, OR, AGI, DNOW, HVII, TACO, MTAL.U, IEAG, EGHA +4 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 | GLNGGOLAR LNG LTD BERMUDA | 1,210,402 | $65M | 10.7% | ADD 17% |
| 2 | CTRICENTURI HOLDINGS INC | 1,771,457 | $52M | 8.5% | ADD 31% |
| 3 | GFLGFL ENVIRONMENTAL INC | 1,211,100 | $51M | 8.3% | ADD 45% |
| 4 | OROR ROYALTIES INC. | 1,294,900 | $49M | 8.1% | ADD 85% |
| 5 | SWSMURFIT WESTROCK PLC | 1,076,500 | $43M | 7.0% | ADD 67% |
| 6 | JBLJabil Circuit, Inc. | 161,200 | $43M | 7.0% | ADD 2% |
| 7 | AGIALAMOS GOLD INC NEW | 923,200 | $41M | 6.7% | ADD 45% |
| 8 | DNOWDNOW INC | 3,297,904 | $39M | 6.4% | TRIM −10% |
| 9 | AEPAMERICAN ELEC PWR CO INC | 298,823 | $39M | 6.4% | ADD 29% |
| 10 | ETRENTERGY CORP NEW | 254,000 | $29M | 4.7% | ADD 2% |
| 11 | PPLPPL CORP | 740,500 | $28M | 4.6% | TRIM −3% |
| 12 | SAROSTANDARDAERO INC | 889,600 | $23M | 3.8% | ADD 379% |
| 13 | CMSCMS ENERGY CORP | 219,500 | $17M | 2.8% | TRIM −23% |
| 14 | SWXSOUTHWEST GAS HLDGS INC | 166,246 | $14M | 2.4% | ADD 38% |
| 15 | HVIIHENNESSY CAP INVT CORP VII | 1,222,740 | $13M | 2.1% | HOLD |
| 16 | EVRGEVERGY INC | 149,300 | $12M | 2.0% | TRIM −60% |
| 17 | FISFIDELITY NATL INFORMATION SV | 237,925 | $11M | 1.8% | TRIM −62% |
| 18 | TACOBERTO ACQUISITION CORP | 897,745 | $9M | 1.5% | HOLD |
| 19 | MTAL.UMETALS ACQUISITION CORP II | 900,000 | $9M | 1.5% | NEW |
| 20 | KGSKODIAK GAS SVCS INC | 117,400 | $7M | 1.1% | NEW |
| 21 | IEAGINFINITE EAGLE ACQUISITION C | 600,000 | $6M | 1.0% | NEW |
| 22 | EGHAEGH ACQUISITION CORP. | 487,810 | $5M | 0.8% | NEW |
| 23 | CCIXCHURCHILL CAPITAL CORP IX | 280,938 | $3M | 0.5% | HOLD |
| 24 | SACSAFEGUARD ACQUISITION CORP | 100,000 | $1M | 0.2% | NEW |
| 25 | GPACGENERAL PURP ACQUISITION COR | 100,000 | $1M | 0.2% | NEW |
| 26 | CCXICHURCHILL CAP CORP XI | 22,500 | $230,625 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GLNGGOLAR LNG LTD BERMUDA | — | — | — | — | 1.0M | 1.2M | $65M |
| CTRICENTURI HOLDINGS INC | — | — | — | — | 1.3M | 1.8M | $52M |
| GFLGFL ENVIRONMENTAL INC | — | — | — | — | 837K | 1.2M | $51M |
| OROR ROYALTIES INC. | — | — | — | — | 699K | 1.3M | $49M |
| SWSMURFIT WESTROCK PLC | — | — | — | — | 645K | 1.1M | $43M |
| JBLJabil Circuit, Inc. | — | — | — | — | 158K | 161K | $43M |
| AGIALAMOS GOLD INC NEW | — | — | — | — | 638K | 923K | $41M |
| DNOWDNOW INC | — | — | — | — | 3.7M | 3.3M | $39M |
| AEPAMERICAN ELEC PWR CO INC | — | — | — | — | 232K | 299K | $39M |
| ETRENTERGY CORP NEW | — | — | — | — | 249K | 254K | $29M |
| PPLPPL CORP | — | — | — | — | 766K | 741K | $28M |
| SAROSTANDARDAERO INC | — | — | — | — | 186K | 890K | $23M |
| CMSCMS ENERGY CORP | — | — | — | — | 286K | 220K | $17M |
| SWXSOUTHWEST GAS HLDGS INC | — | — | — | — | 120K | 166K | $14M |
| HVIIHENNESSY CAP INVT CORP VII | — | — | — | — | 1.2M | 1.2M | $13M |
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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