CIK 2111915
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 | 12.73% | 3 |
| Diversified Consumer Services | 10.61% | 2 |
| Pharmaceuticals & Biotechnology | 8.88% | 2 |
| Health Care Providers & Services | 8.11% | 2 |
| Unclassified | 7.36% | 4 |
| Software | 7.08% | 2 |
| Tobacco | 6.69% | 1 |
| Specialty Retail | 5.60% | 1 |
| Real Estate Management & Development | 5.31% | 1 |
| Banks | 4.03% | 3 |
| Hotels, Restaurants & Leisure | 3.75% | 1 |
| Household Durables | 3.72% | 2 |
| Paper & Forest Products | 3.46% | 1 |
| Chemicals | 3.00% | 1 |
| Agricultural Products | 2.71% | 1 |
| Food Products | 2.42% | 1 |
| Construction & Engineering | 2.00% | 1 |
| Media & Entertainment | 1.73% | 1 |
| Technology Hardware & Equipment | 0.82% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LINC | LINCOLN EDUCATIONAL SERVICES CORP | Consumer Discretionary | 7.01% |
| 2 | TPB | Turning Point Brands, Inc. | Consumer Staples | 6.69% |
| 3 | BGSI | Boyd Group Services Inc. | Industrials | 5.68% |
| 4 | BBW | BUILD-A-BEAR WORKSHOP INC | Consumer Discretionary | 5.60% |
| 5 | COMP | Compass, Inc. | Real Estate | 5.31% |
| 6 | SRTA | Strata Critical Medical, Inc. | Health Care | 4.93% |
| 7 | CRON | Cronos Group Inc. | Health Care | 4.80% |
| 8 | LUXE | LUXEXPERIENCE BV | Unclassified | 4.26% |
| 9 | ETON | Eton Pharmaceuticals, Inc. | Health Care | 4.08% |
| 10 | FLYW | Flywire Corp | Industrials | 4.07% |
27/31 names classified · sector 92.6% of weight · industry 92.6% · mkt cap 92.6%; 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: 92.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 51.8% of book weight (15/31 names) · unclassified 48.2%: BGSI, COMP, CRON, LUXE, ETON, PDFS, KRUS, LMRI, BLZE, CROX +6 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 | LINCLINCOLN EDL SVCS CORP | 380,568 | $15M | 7.0% | TRIM −46% |
| 2 | TPBTURNING PT BRANDS INC | 170,058 | $15M | 6.7% | ADD 6% |
| 3 | BGSIBOYD GROUP SERVICES INC | 98,256 | $13M | 5.7% | ADD 23% |
| 4 | BBWBUILD-A-BEAR WORKSHOP INC | 330,102 | $12M | 5.6% | ADD 57% |
| 5 | COMPCOMPASS INC | 1,602,329 | $12M | 5.3% | ADD 20% |
| 6 | SRTASTRATA CRITICAL MEDICAL INC | 2,603,796 | $11M | 4.9% | ADD 32% |
| 7 | CRONCRONOS GROUP INC | 4,223,004 | $11M | 4.8% | ADD 130% |
| 8 | LUXELUXEXPERIENCE BV | 1,176,568 | $9M | 4.3% | TRIM −22% |
| 9 | ETONETON PHARMACEUTICALS INC | 364,954 | $9M | 4.1% | NEW |
| 10 | FLYWFLYWIRE CORPORATION | 771,376 | $9M | 4.1% | NEW |
| 11 | PDFSPDF SOLUTIONS INC | 270,668 | $9M | 4.0% | TRIM −28% |
| 12 | KRUSKURA SUSHI USA INC | 118,561 | $8M | 3.7% | TRIM −23% |
| 13 | UTIUNIVERSAL TECHNICAL INST INC | 219,902 | $8M | 3.6% | NEW |
| 14 | CVCOCAVCO INDS INC DEL | 15,774 | $8M | 3.5% | TRIM −38% |
| 15 | HNIHNI CORP | 221,201 | $7M | 3.3% | ADD 5% |
| 16 | LMRILUMEXA IMAGING HOLDINGS INC | 814,869 | $7M | 3.2% | NEW |
| 17 | BLZEBACKBLAZE INC | 1,961,283 | $7M | 3.1% | ADD 13% |
| 18 | CROXCROCS INC | 79,828 | $7M | 3.0% | NEW |
| 19 | CLHCLEAN HARBORS INC | 22,917 | $7M | 3.0% | HOLD |
| 20 | WLTHWEALTHFRONT CORP | 658,813 | $6M | 2.8% | NEW |
| 21 | BVBRIGHTVIEW HLDGS INC | 506,750 | $6M | 2.7% | ADD 3% |
| 22 | MAMAMAMAS CREATIONS INC | 348,588 | $5M | 2.4% | TRIM −29% |
| 23 | LMBLIMBACH HLDGS INC | 56,520 | $4M | 2.0% | NEW |
| 24 | INFLLISTED FDS TR | 129,975 | $4M | 1.9% | NEW |
| 25 | CRTOCRITEO S A | 213,261 | $4M | 1.7% | TRIM −54% |
| 26 | GPGIGPGI INC | 108,755 | $2M | 0.8% | TRIM −82% |
| 27 | INVEIDENTIV INC | 491,657 | $2M | 0.8% | TRIM −48% |
| 28 | XOPSPDR SERIES TRUST | 8,379 | $2M | 0.7% | NEW |
| 29 | NBISNEBIUS GROUP N.V. | 9,947 | $1M | 0.5% | NEW |
| 30 | CBNACHAIN BRIDGE BANCORP INC | 26,860 | $937,414 | 0.4% | ADD 47% |
| 31 | FLXSFLEXSTEEL INDS INC | 18,306 | $822,672 | 0.4% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LINCLINCOLN EDL SVCS CORP | — | — | — | — | 705K | 381K | $15M |
| TPBTURNING PT BRANDS INC | — | — | — | — | 160K | 170K | $15M |
| BGSIBOYD GROUP SERVICES INC | — | — | — | — | 80K | 98K | $13M |
| BBWBUILD-A-BEAR WORKSHOP INC | — | — | — | — | 210K | 330K | $12M |
| COMPCOMPASS INC | — | — | — | — | 1.3M | 1.6M | $12M |
| SRTASTRATA CRITICAL MEDICAL INC | — | — | — | — | 2.0M | 2.6M | $11M |
| CRONCRONOS GROUP INC | — | — | — | — | 1.8M | 4.2M | $11M |
| LUXELUXEXPERIENCE BV | — | — | — | — | 1.5M | 1.2M | $9M |
| ETONETON PHARMACEUTICALS INC | — | — | — | — | — | 365K | $9M |
| FLYWFLYWIRE CORPORATION | — | — | — | — | — | 771K | $9M |
| PDFSPDF SOLUTIONS INC | — | — | — | — | 376K | 271K | $9M |
| KRUSKURA SUSHI USA INC | — | — | — | — | 154K | 119K | $8M |
| UTIUNIVERSAL TECHNICAL INST INC | — | — | — | — | — | 220K | $8M |
| CVCOCAVCO INDS INC DEL | — | — | — | — | 26K | 16K | $8M |
| HNIHNI CORP | — | — | — | — | 211K | 221K | $7M |
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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