CIK 904793
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 | 49.16% | 6 |
| Commercial Services & Supplies | 32.20% | 2 |
| Semiconductors & Semiconductor Equipment | 7.47% | 1 |
| Aerospace & Defense | 5.28% | 1 |
| Chemicals | 4.83% | 1 |
| Capital Markets | 0.69% | 1 |
| Banks | 0.36% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TEXAS | Unclassified | 42.91% | |
| 2 | MA | Mastercard Inc | Financials | 28.50% |
| 3 | BELFB | BEL FUSE INC /NJ | Information Technology | 7.47% |
| 4 | GRMN | GARMIN LTD | Industrials | 5.28% |
| 5 | BCPC | BALCHEM CORP | Materials | 4.83% |
| 6 | BR | BROADRIDGE FINANCIAL SOLUTIONS, INC. | Industrials | 3.70% |
| 7 | BELFA | BEL FUSE INC | Unclassified | 2.36% |
| 8 | GBTC | Grayscale Bitcoin Trust ETF | Unclassified | 1.91% |
| 9 | BRK.A | BERKSHIRE HATHAWAY INC DEL | Unclassified | 1.60% |
| 10 | LB | LandBridge Co LLC | Financials | 0.69% |
7/13 names classified · sector 50.8% of weight · industry 50.8% · mkt cap 50.8%; 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: 50.8% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 50.1% of book weight (6/12 names) · unclassified 49.9%: , BELFA, GBTC, BRK.A, LB, BNT. 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 | TEXAS | 161,973 | $77M | 42.9% | HOLD |
| 2 | MAMASTERCARD INCORPORATED | 102,170 | $51M | 28.5% | HOLD |
| 3 | BELFBBEL FUSE INC | 67,634 | $13M | 7.5% | HOLD |
| 4 | GRMNGARMIN LTD | 40,755 | $9M | 5.3% | HOLD |
| 5 | BCPCBALCHEM CORP | 51,100 | $9M | 4.8% | TRIM −56% |
| 6 | BRBROADRIDGE FINL SOLUTIONS IN | 40,793 | $7M | 3.7% | HOLD |
| 7 | BELFABEL FUSE INC | 23,434 | $4M | 2.4% | HOLD |
| 8 | GBTCGrayscale Bitcoin Trust ETF | 64,932 | $3M | 1.9% | HOLD |
| 9 | BRK.ABERKSHIRE HATHAWAY INC DEL | 4 | $3M | 1.6% | HOLD |
| 10 | LBLANDBRIDGE COMPANY LLC | 18,000 | $1M | 0.7% | HOLD |
| 11 | MCBMETROPOLITAN BK HLDG CORP | 7,811 | $651,000 | 0.4% | HOLD |
| 12 | GRAYSCALE BITCOIN MINI TR BT | 12,986 | $389,000 | 0.2% | HOLD |
| 13 | BNTBROOKFIELD WEALTH SOL LTD | 6,904 | $287,000 | 0.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TEXAS | 54K | 54K | 54K | 54K | 162K | 162K | $77M |
| MAMASTERCARD INCORPORATED | 102K | 102K | 102K | 102K | 102K | 102K | $51M |
| BELFBBEL FUSE INC | 68K | 68K | 68K | 68K | 68K | 68K | $13M |
| GRMNGARMIN LTD | 41K | 41K | 41K | 41K | 41K | 41K | $9M |
| BCPCBALCHEM CORP | 199K | 120K | 120K | 120K | 117K | 51K | $9M |
| BRBROADRIDGE FINL SOLUTIONS IN | 41K | 41K | 41K | 41K | 41K | 41K | $7M |
| BELFABEL FUSE INC | 23K | 23K | 23K | 23K | 23K | 23K | $4M |
| GBTCGrayscale Bitcoin Trust ETF | 65K | 65K | 65K | 65K | 65K | 65K | $3M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | 4 | 4 | 4 | 4 | 4 | 4 | $3M |
| LBLANDBRIDGE COMPANY LLC | — | 14K | 14K | 28K | 18K | 18K | $1M |
| MCBMETROPOLITAN BK HLDG CORP | 8K | 8K | 8K | 8K | 8K | 8K | $651,000 |
| GRAYSCALE BITCOIN MINI TR BT | 13K | 13K | 13K | 13K | 13K | 13K | $389,000 |
| BNTBROOKFIELD WEALTH SOL LTD | 5K | 5K | 5K | 5K | 7K | 7K | $287,000 |
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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