CIK 903944
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 |
|---|---|---|
| Unclassified | 98.02% | 9 |
| Aerospace & Defense | 1.98% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PPL CORP | Unclassified | 22.41% | |
| 2 | BANK AMERICA CORP | Unclassified | 21.11% | |
| 3 | NEXTERA ENERGY INC | Unclassified | 18.62% | |
| 4 | EL PASO ENERGY CAP TR I | Unclassified | 15.01% | |
| 5 | ORACLE CORP | Unclassified | 9.19% | |
| 6 | SOUTHERN CO | Unclassified | 6.98% | |
| 7 | EPR PPTYS | Unclassified | 2.94% | |
| 8 | BA | BOEING CO | Industrials | 1.98% |
| 9 | EPR PPTYS | Unclassified | 1.47% | |
| 10 | WELLS FARGO CO NEW | Unclassified | 0.30% |
1/10 names classified · sector 2.0% of weight · industry 2.0% · mkt cap 2.0%; 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: 2.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 2% of book weight classified — the grid is NOT representative of the whole book.
Classified: 2.0% of book weight (1/2 names) · unclassified 98.0%: . 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 | PPL CORP | 1,780,000 | $91M | 22.4% | NEW |
| 2 | BANK AMERICA CORP | 71,862 | $86M | 21.1% | TRIM −48% |
| 3 | NEXTERA ENERGY INC | 1,505,000 | $75M | 18.6% | NEW |
| 4 | EL PASO ENERGY CAP TR I | 1,191,328 | $61M | 15.0% | HOLD |
| 5 | ORACLE CORP | 810,000 | $37M | 9.2% | NEW |
| 6 | SOUTHERN CO | 547,900 | $28M | 7.0% | TRIM −67% |
| 7 | EPR PPTYS | 526,931 | $12M | 2.9% | HOLD |
| 8 | BABOEING CO | 40,300 | $8M | 2.0% | NEW |
| 9 | EPR PPTYS | 197,382 | $6M | 1.5% | HOLD |
| 10 | WELLS FARGO CO NEW | 1,055 | $1M | 0.3% | TRIM −97% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PPL CORP | — | — | — | — | — | 1.8M | $91M |
| BANK AMERICA CORP | 68K | 76K | 119K | 128K | 138K | 72K | $86M |
| NEXTERA ENERGY INC | — | — | — | — | — | 1.5M | $75M |
| EL PASO ENERGY CAP TR I | 1.1M | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M | $61M |
| ORACLE CORP | — | — | — | — | — | 810K | $37M |
| SOUTHERN CO | — | — | — | — | 1.7M | 548K | $28M |
| EPR PPTYS | 547K | 547K | 547K | 576K | 526K | 527K | $12M |
| BABOEING CO | — | — | — | — | — | 40K | $8M |
| EPR PPTYS | 177K | 177K | 177K | 197K | 197K | 197K | $6M |
| WELLS FARGO CO NEW | 5K | 2K | 31K | 28K | 37K | 1K | $1M |
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.
