CIK 2094345
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 |
|---|---|---|
| Specialty Retail | 74.72% | 3 |
| Commercial Services & Supplies | 10.86% | 1 |
| Equity Real Estate Investment Trusts (REITs) | 9.58% | 1 |
| Automobiles & Components | 2.50% | 1 |
| Aerospace & Defense | 2.34% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | VSXY | Victoria's Secret & Co. | Consumer Discretionary | 56.77% |
| 2 | ANF | ABERCROMBIE & FITCH CO /DE/ | Consumer Discretionary | 17.72% |
| 3 | BABA | Alibaba Group Holding Ltd | Industrials | 10.86% |
| 4 | SPG | SIMON PROPERTY GROUP INC. | Real Estate | 9.58% |
| 5 | THO | THOR INDUSTRIES INC | Consumer Discretionary | 2.50% |
| 6 | BA | BOEING CO | Industrials | 2.34% |
| 7 | PLBY | Playboy, Inc. | Consumer Discretionary | 0.22% |
7/7 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 89.1%; 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: 88.9% of book weight (5/7 names) · unclassified 11.1%: BABA, PLBY. 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 | VSXYVICTORIAS SECRET AND CO | 10,310,531 | $478M | 56.8% | HOLD |
| 2 | ANFABERCROMBIE & FITCH CO | 1,632,944 | $149M | 17.7% | HOLD |
| 3 | BABAALIBABA GROUP HLDG LTD | 728,800 | $91M | 10.9% | HOLD |
| 4 | SPGSIMON PPTY GROUP INC NEW | 432,500 | $81M | 9.6% | HOLD |
| 5 | THOTHOR INDS INC | 263,716 | $21M | 2.5% | HOLD |
| 6 | BABOEING CO | 99,000 | $20M | 2.3% | HOLD |
| 7 | PLBYPLAYBOY INC | 1,221,901 | $2M | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| VSXYVICTORIAS SECRET AND CO | — | — | — | — | 10.3M | 10.3M | $478M |
| ANFABERCROMBIE & FITCH CO | — | — | — | — | 1.6M | 1.6M | $149M |
| BABAALIBABA GROUP HLDG LTD | — | — | — | — | 729K | 729K | $91M |
| SPGSIMON PPTY GROUP INC NEW | — | — | — | — | 433K | 433K | $81M |
| THOTHOR INDS INC | — | — | — | — | 264K | 264K | $21M |
| BABOEING CO | — | — | — | — | 99K | 99K | $20M |
| PLBYPLAYBOY INC | — | — | — | — | 1.2M | 1.2M | $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.
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