CIK 2096493
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 | 77.50% | 5 |
| Real Estate Management & Development | 7.36% | 1 |
| Unclassified | 6.96% | 1 |
| Pharmaceuticals & Biotechnology | 6.43% | 2 |
| Beverages | 1.15% | 2 |
| Road & Rail | 0.37% | 1 |
| Specialty Retail | 0.23% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | CIFR | Cipher Digital Inc. | Financials | 45.57% |
| 2 | IREN | IREN Ltd | Financials | 24.21% |
| 3 | OPEN | Opendoor Technologies Inc. | Real Estate | 7.36% |
| 4 | ETHA | ISHARES ETHEREUM TR | Unclassified | 6.96% |
| 5 | ASST | Strive, Inc. | Financials | 5.72% |
| 6 | NVO | NOVO NORDISK A S | Health Care | 5.71% |
| 7 | BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | Financials | 1.71% |
| 8 | PEP | PEPSICO INC | Consumer Staples | 0.73% |
| 9 | REGN | REGENERON PHARMACEUTICALS, INC. | Health Care | 0.73% |
| 10 | STZ | CONSTELLATION BRANDS, INC. | Consumer Staples | 0.42% |
12/13 names classified · sector 93.0% of weight · industry 93.0% · mkt cap 81.2%; 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: 93.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 3% of book weight classified — the grid is NOT representative of the whole book.
Classified: 3.4% of book weight (4/13 names) · unclassified 96.6%: CIFR, IREN, OPEN, ETHA, ASST, NVO, STZ, CP, BKKT. 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 | CIFRCIPHER MINING INC | 3,762,000 | $48M | 45.6% | TRIM −4% |
| 2 | IRENIREN LIMITED | 750,461 | $26M | 24.2% | HOLD |
| 3 | OPENOPENDOOR TECHNOLOGIES INC | 1,670,199 | $8M | 7.4% | ADD 6581% |
| 4 | ETHAISHARES ETHEREUM TR | 467,000 | $7M | 7.0% | ADD 229% |
| 5 | ASSTSTRIVE INC | 606,242 | $6M | 5.7% | NEW |
| 6 | NVONOVO-NORDISK A S | 165,000 | $6M | 5.7% | ADD 10% |
| 7 | BMNRBITMINE IMMERSION TECNOLOGIE | 92,000 | $2M | 1.7% | NEW |
| 8 | PEPPEPSICO INC | 5,000 | $776,450 | 0.7% | TRIM −84% |
| 9 | REGNREGENERON PHARMACEUTICALS | 1,000 | $772,640 | 0.7% | HOLD |
| 10 | STZCONSTELLATION BRANDS INC | 3,000 | $450,000 | 0.4% | TRIM −97% |
| 11 | CPCANADIAN PACIFIC KANSAS CITY | 5,000 | $393,300 | 0.4% | TRIM −96% |
| 12 | BKKTBAKKT HOLDINGS INC | 40,000 | $294,400 | 0.3% | HOLD |
| 13 | TGTTARGET CORP | 2,000 | $242,400 | 0.2% | TRIM −92% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| CIFRCIPHER MINING INC | — | — | — | 5.0M | 3.9M | 3.8M | $48M |
| IRENIREN LIMITED | — | — | — | 750K | 750K | 750K | $26M |
| OPENOPENDOOR TECHNOLOGIES INC | — | — | — | — | 25K | 1.7M | $8M |
| ETHAISHARES ETHEREUM TR | — | — | — | 70K | 142K | 467K | $7M |
| ASSTSTRIVE INC | — | — | — | — | — | 606K | $6M |
| NVONOVO-NORDISK A S | — | — | — | 61K | 150K | 165K | $6M |
| BMNRBITMINE IMMERSION TECNOLOGIE | — | — | — | — | — | 92K | $2M |
| PEPPEPSICO INC | — | — | — | — | 32K | 5K | $776,450 |
| REGNREGENERON PHARMACEUTICALS | — | — | — | 1K | 1K | 1K | $772,640 |
| STZCONSTELLATION BRANDS INC | — | — | — | 68K | 100K | 3K | $450,000 |
| CPCANADIAN PACIFIC KANSAS CITY | — | — | — | — | 120K | 5K | $393,300 |
| BKKTBAKKT HOLDINGS INC | — | — | — | 40K | 40K | 40K | $294,400 |
| TGTTARGET CORP | — | — | — | — | 25K | 2K | $242,400 |
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.
