CIK 24046
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 32.65% | 1 |
| Semiconductors & Semiconductor Equipment | 20.38% | 1 |
| Coal & Consumable Fuels | 19.07% | 1 |
| Construction & Engineering | 13.84% | 1 |
| Media & Entertainment | 6.21% | 1 |
| Insurance | 4.14% | 2 |
| Unclassified | 3.45% | 3 |
| Software & IT Services | 0.25% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SOC | Sable Offshore Corp. | Energy | 32.65% |
| 2 | DQ | DAQO NEW ENERGY CORP. | Information Technology | 20.38% |
| 3 | AMR | Alpha Metallurgical Resources, Inc. | Energy | 19.07% |
| 4 | GEO | GEO GROUP INC | Industrials | 13.84% |
| 5 | GRPN | Groupon, Inc. | Communication Services | 6.21% |
| 6 | BBCQ | BLEICHROEDER ACQUISITI CORP | Unclassified | 2.89% |
| 7 | JRVR | James River Group Holdings, Inc. | Financials | 2.29% |
| 8 | CIA | CITIZENS, INC. | Financials | 1.85% |
| 9 | BITFARMS LTD | Unclassified | 0.46% | |
| 10 | MRLN | Merlin, Inc. | Information Technology | 0.25% |
8/11 names classified · sector 96.6% of weight · industry 96.6% · mkt cap 76.2%; 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: 96.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 35% of book weight classified — the grid is NOT representative of the whole book.
Classified: 35.2% of book weight (3/11 names) · unclassified 64.8%: SOC, DQ, GRPN, BBCQ, CIA, , MRLN, BBCQW. 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 | SOCSABLE OFFSHORE CORP | 13,705,110 | $226M | 32.7% | ADD 2041% |
| 2 | DQDAQO NEW ENERGY CORP | 6,644,786 | $141M | 20.4% | HOLD |
| 3 | AMRALPHA METALLURGICAL RESOUR I | 644,025 | $132M | 19.1% | HOLD |
| 4 | GEOGEO GROUP INC NEW | 5,709,302 | $96M | 13.8% | ADD 22% |
| 5 | GRPNGROUPON INC | 3,620,590 | $43M | 6.2% | ADD 24% |
| 6 | BBCQBLEICHROEDER ACQUISITI CORP | 2,000,000 | $20M | 2.9% | NEW |
| 7 | JRVRJAMES RIV GROUP HOLDINGS INC | 2,520,242 | $16M | 2.3% | NEW |
| 8 | CIACITIZENS INC | 2,551,649 | $13M | 1.9% | ADD 17% |
| 9 | BITFARMS LTD | 1,650,152 | $3M | 0.5% | NEW |
| 10 | MRLNMERLIN INC | 239,872 | $2M | 0.3% | NEW |
| 11 | BBCQWBLEICHROEDER ACQUISITI CORP | 666,666 | $634,066 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SOCSABLE OFFSHORE CORP | — | — | — | — | 640K | 13.7M | $226M |
| DQDAQO NEW ENERGY CORP | 5.9M | 6.0M | 6.0M | 6.6M | 6.6M | 6.6M | $141M |
| AMRALPHA METALLURGICAL RESOUR I | 605K | 605K | 605K | 605K | 644K | 644K | $132M |
| GEOGEO GROUP INC NEW | — | 383K | 3.9M | 4.3M | 4.7M | 5.7M | $96M |
| GRPNGROUPON INC | — | 2.3M | 2.9M | 2.9M | 2.9M | 3.6M | $43M |
| BBCQBLEICHROEDER ACQUISITI CORP | — | — | — | — | — | 2.0M | $20M |
| JRVRJAMES RIV GROUP HOLDINGS INC | — | — | — | — | — | 2.5M | $16M |
| CIACITIZENS INC | — | — | 431K | 1.6M | 2.2M | 2.6M | $13M |
| BITFARMS LTD | — | 2.7M | 2.7M | 2.7M | — | 1.7M | $3M |
| MRLNMERLIN INC | — | — | — | — | — | 240K | $2M |
| BBCQWBLEICHROEDER ACQUISITI CORP | — | — | — | — | — | 667K | $634,066 |
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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