CIK 2111148
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 |
|---|---|---|
| Insurance | 48.59% | 4 |
| Leisure Products | 16.30% | 1 |
| Chemicals | 15.46% | 1 |
| Banks | 11.29% | 1 |
| Software | 4.16% | 1 |
| Real Estate Management & Development | 4.16% | 1 |
| Machinery | 0.02% | 1 |
| Capital Markets | 0.01% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | GSHD | Goosehead Insurance, Inc. | Financials | 28.40% |
| 2 | YETI | YETI Holdings, Inc. | Consumer Discretionary | 16.30% |
| 3 | KNSL | Kinsale Capital Group, Inc. | Financials | 16.25% |
| 4 | CSW | CSW INDUSTRIALS, INC. | Materials | 15.46% |
| 5 | ESQ | Esquire Financial Holdings, Inc. | Financials | 11.29% |
| 6 | APPF | APPFOLIO INC | Information Technology | 4.16% |
| 7 | FSV | FirstService Corp | Real Estate | 4.16% |
| 8 | SKWD | Skyward Specialty Insurance Group, Inc. | Financials | 3.92% |
| 9 | BOW | Bowhead Specialty Holdings Inc. | Financials | 0.02% |
| 10 | XPEL | XPEL, Inc. | Industrials | 0.02% |
11/11 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of book weight (11/11 names). 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 | GSHDGOOSEHEAD INS INC | 889,500 | $38M | 28.4% | ADD 71% |
| 2 | YETIYETI HLDGS INC | 595,000 | $22M | 16.3% | HOLD |
| 3 | KNSLKINSALE CAP GROUP INC | 63,550 | $22M | 16.3% | TRIM −8% |
| 4 | CSWCSW INDUSTRIALS INC | 79,282 | $21M | 15.5% | TRIM −4% |
| 5 | ESQESQUIRE FINL HLDGS INC | 140,346 | $15M | 11.3% | ADD 7% |
| 6 | APPFAPPFOLIO INC | 35,250 | $6M | 4.2% | NEW |
| 7 | FSVFIRSTSERVICE CORP NEW | 40,000 | $6M | 4.2% | ADD 300% |
| 8 | SKWDSKYWARD SPECIALTY INS GROUP | 119,794 | $5M | 3.9% | TRIM −61% |
| 9 | BOWBOWHEAD SPECIALTY HLDGS INC | 1,034 | $23,193 | 0.0% | ADD 16% |
| 10 | XPELXPEL INC | 486 | $21,510 | 0.0% | HOLD |
| 11 | RPCP10 INC | 2,528 | $18,353 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GSHDGOOSEHEAD INS INC | — | — | — | — | 520K | 890K | $38M |
| YETIYETI HLDGS INC | — | — | — | — | 596K | 595K | $22M |
| KNSLKINSALE CAP GROUP INC | — | — | — | — | 69K | 64K | $22M |
| CSWCSW INDUSTRIALS INC | — | — | — | — | 82K | 79K | $21M |
| ESQESQUIRE FINL HLDGS INC | — | — | — | — | 131K | 140K | $15M |
| APPFAPPFOLIO INC | — | — | — | — | — | 35K | $6M |
| FSVFIRSTSERVICE CORP NEW | — | — | — | — | 10K | 40K | $6M |
| SKWDSKYWARD SPECIALTY INS GROUP | — | — | — | — | 303K | 120K | $5M |
| BOWBOWHEAD SPECIALTY HLDGS INC | — | — | — | — | 892 | 1K | $23,193 |
| XPELXPEL INC | — | — | — | — | 486 | 486 | $21,510 |
| RPCP10 INC | — | — | — | — | 3K | 3K | $18,353 |
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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