CIK 2111611
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 |
|---|---|---|
| Pharmaceuticals & Biotechnology | 23.95% | 2 |
| Health Care Providers & Services | 13.18% | 1 |
| Commercial Services & Supplies | 13.04% | 3 |
| Entertainment | 11.83% | 1 |
| Banks | 11.31% | 1 |
| Insurance | 6.53% | 1 |
| Distributors | 5.66% | 1 |
| Unclassified | 5.15% | 1 |
| Health Care Equipment & Supplies | 5.15% | 2 |
| Hotels, Restaurants & Leisure | 4.20% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LQDA | Liquidia Corp | Health Care | 19.97% |
| 2 | ACHC | Acadia Healthcare Company, Inc. | Health Care | 13.18% |
| 3 | SGHC | Super Group (SGHC) Ltd | Communication Services | 11.83% |
| 4 | DAVE | Dave Inc./DE | Financials | 11.31% |
| 5 | PRTH | Priority Technology Holdings, Inc. | Industrials | 8.54% |
| 6 | ROOT | Root, Inc. | Financials | 6.53% |
| 7 | WLFC | WILLIS LEASE FINANCE CORP | Consumer Discretionary | 5.66% |
| 8 | SOLENO THERAPEUTICS INC | Unclassified | 5.15% | |
| 9 | ESTA | ESTABLISHMENT LABS HOLDINGS INC. | Health Care | 4.52% |
| 10 | HGV | Hilton Grand Vacations Inc. | Consumer Discretionary | 4.20% |
13/14 names classified · sector 94.8% of weight · industry 94.8% · mkt cap 94.8%; 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: 94.8% of the book is sector-classified (unclassified names shown, never dropped).
Only 41% of book weight classified — the grid is NOT representative of the whole book.
Classified: 41.4% of book weight (8/14 names) · unclassified 58.6%: LQDA, ACHC, SGHC, , ESTA, MLYS. 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 | LQDALIQUIDIA CORPORATION | 624,844 | $24M | 20.0% | TRIM −4% |
| 2 | ACHCACADIA HEALTHCARE COMPANY IN | 665,100 | $16M | 13.2% | NEW |
| 3 | SGHCSUPER GROUP SGHC LIMITED | 1,293,274 | $14M | 11.8% | ADD 35% |
| 4 | DAVEDAVE INC | 76,690 | $13M | 11.3% | ADD 23% |
| 5 | PRTHPRIORITY TECHNOLOGY HLDGS IN | 2,136,213 | $10M | 8.5% | ADD 19% |
| 6 | ROOTROOT INC | 174,554 | $8M | 6.5% | ADD 58% |
| 7 | WLFCWILLIS LEASE FIN CORP | 39,236 | $7M | 5.7% | TRIM −55% |
| 8 | SOLENO THERAPEUTICS INC | 181,750 | $6M | 5.2% | ADD 22% |
| 9 | ESTAESTABLISHMENT LABS HLDGS INC | 94,000 | $5M | 4.5% | HOLD |
| 10 | HGVHILTON GRAND VACATIONS INC | 126,773 | $5M | 4.2% | ADD 2% |
| 11 | MLYSMINERALYS THERAPEUTICS INC | 173,100 | $5M | 4.0% | HOLD |
| 12 | SEZLSEZZLE INC | 62,400 | $4M | 3.3% | NEW |
| 13 | FLYWFLYWIRE CORPORATION | 117,200 | $1M | 1.2% | NEW |
| 14 | BVSBIOVENTUS INC | 81,798 | $746,816 | 0.6% | TRIM −80% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LQDALIQUIDIA CORPORATION | — | — | — | — | 649K | 625K | $24M |
| ACHCACADIA HEALTHCARE COMPANY IN | — | — | — | — | — | 665K | $16M |
| SGHCSUPER GROUP SGHC LIMITED | — | — | — | — | 957K | 1.3M | $14M |
| DAVEDAVE INC | — | — | — | — | 63K | 77K | $13M |
| PRTHPRIORITY TECHNOLOGY HLDGS IN | — | — | — | — | 1.8M | 2.1M | $10M |
| ROOTROOT INC | — | — | — | — | 110K | 175K | $8M |
| WLFCWILLIS LEASE FIN CORP | — | — | — | — | 87K | 39K | $7M |
| SOLENO THERAPEUTICS INC | — | — | — | — | 149K | 182K | $6M |
| ESTAESTABLISHMENT LABS HLDGS INC | — | — | — | — | 94K | 94K | $5M |
| HGVHILTON GRAND VACATIONS INC | — | — | — | — | 124K | 127K | $5M |
| MLYSMINERALYS THERAPEUTICS INC | — | — | — | — | 174K | 173K | $5M |
| SEZLSEZZLE INC | — | — | — | — | — | 62K | $4M |
| FLYWFLYWIRE CORPORATION | — | — | — | — | — | 117K | $1M |
| BVSBIOVENTUS INC | — | — | — | — | 405K | 82K | $746,816 |
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.
