CIK 2108192
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 |
|---|---|---|
| Commercial Services & Supplies | 43.57% | 1 |
| Banks | 12.14% | 7 |
| Semiconductors & Semiconductor Equipment | 11.12% | 2 |
| Specialty Retail | 9.10% | 2 |
| Automobiles & Components | 8.25% | 1 |
| Insurance | 6.02% | 1 |
| Software & IT Services | 3.56% | 2 |
| Electrical Equipment & Components | 3.22% | 1 |
| Software | 1.38% | 1 |
| Metals & Mining | 0.79% | 1 |
| Construction Materials | 0.66% | 1 |
| Unclassified | 0.14% | 1 |
| Machinery | 0.06% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PDD | PDD Holdings Inc. | Industrials | 43.57% |
| 2 | TSLA | Tesla, Inc. | Consumer Discretionary | 8.25% |
| 3 | NVDA | NVIDIA CORP | Information Technology | 7.39% |
| 4 | DDL | Dingdong (Cayman) Ltd | Consumer Discretionary | 6.76% |
| 5 | WDH | Waterdrop Inc. | Financials | 6.02% |
| 6 | BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | Financials | 4.40% |
| 7 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 3.73% |
| 8 | BE | Bloom Energy Corp | Information Technology | 3.22% |
| 9 | ZKH | ZKH Group Ltd | Consumer Discretionary | 2.34% |
| 10 | GOOGL | Alphabet Inc. | Communication Services | 2.32% |
21/22 names classified · sector 99.9% of weight · industry 99.9% · mkt cap 34.6%; 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: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 28% of book weight classified — the grid is NOT representative of the whole book.
Classified: 27.8% of book weight (7/22 names) · unclassified 72.2%: PDD, DDL, WDH, TSM, ZKH, CLSK, SBET, YMM, BZ, MSTR +5 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 | PDDPDD HOLDINGS INC | 1,294,753 | $132M | 43.6% | HOLD |
| 2 | TSLATESLA INC | 67,359 | $25M | 8.2% | ADD 49% |
| 3 | NVDANVIDIA CORPORATION | 128,675 | $22M | 7.4% | HOLD |
| 4 | DDLDINGDONG CAYMAN LTD | 7,989,001 | $21M | 6.8% | HOLD |
| 5 | WDHWATERDROP INC | 11,485,432 | $18M | 6.0% | HOLD |
| 6 | BMNRBITMINE IMMERSION TECNOLOGIE | 675,176 | $13M | 4.4% | ADD 8% |
| 7 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 33,480 | $11M | 3.7% | NEW |
| 8 | BEBLOOM ENERGY CORP | 72,128 | $10M | 3.2% | ADD 12% |
| 9 | ZKHZKH GROUP LTD | 2,397,979 | $7M | 2.3% | HOLD |
| 10 | GOOGLALPHABET INC | 24,500 | $7M | 2.3% | HOLD |
| 11 | CLSKCLEANSPARK INC | 734,587 | $6M | 2.1% | NEW |
| 12 | SBETSHARPLINK GAMING INC | 911,609 | $6M | 1.9% | HOLD |
| 13 | CCITIGROUP INC | 37,944 | $4M | 1.4% | NEW |
| 14 | YMMFULL TRUCK ALLIANCE CO LTD | 510,383 | $4M | 1.4% | HOLD |
| 15 | BZKANZHUN LIMITED | 281,563 | $4M | 1.2% | HOLD |
| 16 | MSTRSTRATEGY INC | 30,000 | $4M | 1.2% | HOLD |
| 17 | BACBANK AMERICA CORP | 52,636 | $3M | 0.8% | NEW |
| 18 | UECURANIUM ENERGY CORP | 178,500 | $2M | 0.8% | HOLD |
| 19 | UUUUENERGY FUELS INC | 109,769 | $2M | 0.7% | HOLD |
| 20 | BLSHBULLISH | 21,978 | $785,274 | 0.3% | TRIM −84% |
| 21 | SUPXSUPERX AI TECHNOLOGY LTD | 53,897 | $431,176 | 0.1% | HOLD |
| 22 | SMRNUSCALE PWR CORP | 17,605 | $190,838 | 0.1% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PDDPDD HOLDINGS INC | — | — | — | — | 1.3M | 1.3M | $132M |
| TSLATESLA INC | — | — | — | — | 45K | 67K | $25M |
| NVDANVIDIA CORPORATION | — | — | — | — | 129K | 129K | $22M |
| DDLDINGDONG CAYMAN LTD | — | — | — | — | 8.0M | 8.0M | $21M |
| WDHWATERDROP INC | — | — | — | — | 11.5M | 11.5M | $18M |
| BMNRBITMINE IMMERSION TECNOLOGIE | — | — | — | — | 623K | 675K | $13M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | — | — | — | — | — | 33K | $11M |
| BEBLOOM ENERGY CORP | — | — | — | — | 64K | 72K | $10M |
| ZKHZKH GROUP LTD | — | — | — | — | 2.4M | 2.4M | $7M |
| GOOGLALPHABET INC | — | — | — | — | 25K | 25K | $7M |
| CLSKCLEANSPARK INC | — | — | — | — | — | 735K | $6M |
| SBETSHARPLINK GAMING INC | — | — | — | — | 912K | 912K | $6M |
| CCITIGROUP INC | — | — | — | — | — | 38K | $4M |
| YMMFULL TRUCK ALLIANCE CO LTD | — | — | — | — | 510K | 510K | $4M |
| BZKANZHUN LIMITED | — | — | — | — | 282K | 282K | $4M |
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.
