CIK 2112884
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 |
|---|---|---|
| Specialty Retail | 40.50% | 4 |
| Insurance | 17.69% | 2 |
| Household Durables | 7.63% | 1 |
| Unclassified | 7.49% | 2 |
| Semiconductors & Semiconductor Equipment | 7.17% | 1 |
| Software & IT Services | 7.02% | 1 |
| Software | 5.64% | 1 |
| Capital Markets | 4.29% | 1 |
| Construction & Engineering | 2.56% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MUSA | Murphy USA Inc. | Consumer Discretionary | 17.01% |
| 2 | PGR | PROGRESSIVE CORP/OH/ | Financials | 16.09% |
| 3 | ORLY | O REILLY AUTOMOTIVE INC | Consumer Discretionary | 11.88% |
| 4 | SGI | SOMNIGROUP INTERNATIONAL INC. | Consumer Discretionary | 7.63% |
| 5 | HEI.A | HEICO CORP NEW | Unclassified | 7.34% |
| 6 | NVDA | NVIDIA CORP | Information Technology | 7.17% |
| 7 | GOOGL | Alphabet Inc. | Communication Services | 7.02% |
| 8 | AMZN | AMAZON COM INC | Consumer Discretionary | 6.47% |
| 9 | MSFT | MICROSOFT CORP | Information Technology | 5.64% |
| 10 | BLDR | Builders FirstSource, Inc. | Consumer Discretionary | 5.15% |
12/14 names classified · sector 92.5% of weight · industry 92.5% · mkt cap 92.5%; 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: 92.5% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 90.9% of book weight (11/14 names) · unclassified 9.1%: HEI.A, OSG, SNBRQ. 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 | MUSAMURPHY USA INC | 54,746 | $27M | 17.0% | ADD 6% |
| 2 | PGRPROGRESSIVE CORP | 129,026 | $26M | 16.1% | ADD 6% |
| 3 | ORLYOREILLY AUTOMOTIVE INC | 204,552 | $19M | 11.9% | ADD 16% |
| 4 | SGISOMNIGROUP INTERNATIONAL INC | 164,099 | $12M | 7.6% | ADD 13% |
| 5 | HEI.AHEICO CORP NEW | 55,246 | $12M | 7.3% | ADD 4% |
| 6 | NVDANVIDIA CORPORATION | 65,334 | $11M | 7.2% | TRIM −7% |
| 7 | GOOGLALPHABET INC | 38,825 | $11M | 7.0% | ADD 20% |
| 8 | AMZNAMAZON COM INC | 49,371 | $10M | 6.5% | ADD 6% |
| 9 | MSFTMICROSOFT CORP | 24,240 | $9M | 5.6% | TRIM −39% |
| 10 | BLDRBUILDERS FIRSTSOURCE INC | 99,387 | $8M | 5.1% | ADD 16% |
| 11 | TPLTEXAS PACIFIC LAND CORPORATI | 14,369 | $7M | 4.3% | ADD 6% |
| 12 | IESCIES HLDGS INC | 8,540 | $4M | 2.6% | NEW |
| 13 | OSGOCTAVE SPECIALTY GROUP INC | 546,569 | $3M | 1.6% | NEW |
| 14 | SNBRQSLEEP NUMBER CORP | 138,389 | $248,408 | 0.2% | ADD 6% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MUSAMURPHY USA INC | — | — | — | — | 52K | 55K | $27M |
| PGRPROGRESSIVE CORP | — | — | — | — | 122K | 129K | $26M |
| ORLYOREILLY AUTOMOTIVE INC | — | — | — | — | 177K | 205K | $19M |
| SGISOMNIGROUP INTERNATIONAL INC | — | — | — | — | 145K | 164K | $12M |
| HEI/AHEICO CORP NEW | — | — | — | — | 53K | 55K | $12M |
| NVDANVIDIA CORPORATION | — | — | — | — | 70K | 65K | $11M |
| GOOGLALPHABET INC | — | — | — | — | 32K | 39K | $11M |
| AMZNAMAZON COM INC | — | — | — | — | 47K | 49K | $10M |
| MSFTMICROSOFT CORP | — | — | — | — | 40K | 24K | $9M |
| BLDRBUILDERS FIRSTSOURCE INC | — | — | — | — | 86K | 99K | $8M |
| TPLTEXAS PACIFIC LAND CORPORATI | — | — | — | — | 14K | 14K | $7M |
| IESCIES HLDGS INC | — | — | — | — | — | 9K | $4M |
| OSGOCTAVE SPECIALTY GROUP INC | — | — | — | — | — | 547K | $3M |
| SNBRQSLEEP NUMBER CORP | — | — | — | — | 131K | 138K | $248,408 |
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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