CIK 2084285
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 | 46.15% | 2 |
| Banks | 29.19% | 1 |
| Hotels, Restaurants & Leisure | 12.68% | 2 |
| Entertainment | 9.86% | 1 |
| Unclassified | 2.12% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CPSS | CONSUMER PORTFOLIO SERVICES, INC. | Financials | 29.19% |
| 2 | KVHI | KVH INDUSTRIES INC \DE\ | Communication Services | 23.11% |
| 3 | VZ | VERIZON COMMUNICATIONS INC | Communication Services | 23.04% |
| 4 | CPHC | Canterbury Park Holding Corp | Communication Services | 9.86% |
| 5 | WYNN | WYNN RESORTS LTD | Consumer Discretionary | 7.72% |
| 6 | BYD | BOYD GAMING CORP | Consumer Discretionary | 4.96% |
| 7 | BRK.A | BERKSHIRE HATHAWAY INC DEL | Unclassified | 2.12% |
| 8 | NOTVQ | INOTIV INC | Unclassified | 0.00% |
6/8 names classified · sector 97.9% of weight · industry 97.9% · mkt cap 97.9%; 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: 97.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 64.9% of book weight (4/8 names) · unclassified 35.1%: KVHI, CPHC, BRK.A, NOTVQ. 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 | CPSSCONSUMER PORTFOLIO SVCS INC | 5,127,165 | $40M | 29.2% | HOLD |
| 2 | KVHIKVH INDS INC | 3,502,005 | $31M | 23.1% | HOLD |
| 3 | VZVERIZON COMMUNICATIONS INC | 623,171 | $31M | 23.0% | HOLD |
| 4 | CPHCCANTERBURY PK HLDG CORP | 859,169 | $13M | 9.9% | HOLD |
| 5 | WYNNWYNN RESORTS LTD | 103,158 | $10M | 7.7% | HOLD |
| 6 | BYDBOYD GAMING CORP | 82,000 | $7M | 5.0% | HOLD |
| 7 | BRK.ABERKSHIRE HATHAWAY INC DEL | 4 | $3M | 2.1% | HOLD |
| 8 | NOTVQINOTIV INC | 19,756 | $5,384 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CPSSCONSUMER PORTFOLIO SVCS INC | — | — | — | 5.1M | 5.1M | 5.1M | $40M |
| KVHIKVH INDS INC | — | — | — | 3.4M | 3.5M | 3.5M | $31M |
| VZVERIZON COMMUNICATIONS INC | — | — | — | 623K | 623K | 623K | $31M |
| CPHCCANTERBURY PK HLDG CORP | — | — | — | 859K | 859K | 859K | $13M |
| WYNNWYNN RESORTS LTD | — | — | — | 103K | 103K | 103K | $10M |
| BYDBOYD GAMING CORP | — | — | — | 82K | 82K | 82K | $7M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | — | — | — | 4 | 4 | 4 | $3M |
| NOTVQINOTIV INC | — | — | — | 20K | 20K | 20K | $5,384 |
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.
