CIK 915191
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 |
|---|---|---|
| Metals & Mining | 32.29% | 2 |
| Textiles, Apparel & Luxury Goods | 19.76% | 4 |
| Food & Staples Retailing | 10.03% | 1 |
| Unclassified | 7.46% | 2 |
| Food Products | 6.10% | 1 |
| Software | 5.83% | 1 |
| Machinery | 3.57% | 1 |
| Pharmaceuticals & Biotechnology | 3.43% | 3 |
| Beverages | 3.19% | 1 |
| Oil, Gas & Consumable Fuels | 2.18% | 1 |
| Semiconductors & Semiconductor Equipment | 1.65% | 2 |
| Automobiles & Components | 1.61% | 2 |
| Banks | 1.28% | 1 |
| Hotels, Restaurants & Leisure | 1.21% | 2 |
| Real Estate Management & Development | 0.13% | 1 |
| Road & Rail | 0.13% | 1 |
| Media & Entertainment | 0.08% | 1 |
| Entertainment | 0.05% | 1 |
| Commercial Services & Supplies | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ORLA | Orla Mining Ltd. | Materials | 25.82% |
| 2 | UAA | Under Armour, Inc. | Consumer Discretionary | 13.06% |
| 3 | CVS | CVS HEALTH Corp | Consumer Staples | 10.03% |
| 4 | KENNEDY-WILSON HOLDINGS INC | Unclassified | 7.43% | |
| 5 | UA | Under Armour, Inc. | Consumer Discretionary | 6.53% |
| 6 | CLF | CLEVELAND-CLIFFS INC. | Materials | 6.47% |
| 7 | KHC | Kraft Heinz Co | Consumer Staples | 6.10% |
| 8 | BB | BLACKBERRY Ltd | Information Technology | 5.83% |
| 9 | ATS | ATS Corp /ATS | Industrials | 3.57% |
| 10 | TAP | MOLSON COORS BEVERAGE CO | Consumer Staples | 3.19% |
27/29 names classified · sector 92.5% of weight · industry 92.5% · mkt cap 89.6%; 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: 92.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 34% of book weight classified — the grid is NOT representative of the whole book.
Classified: 33.9% of book weight (16/29 names) · unclassified 66.1%: ORLA, UAA, , UA, CLF, ATS, TSM, BNS, CNI, BRSL +3 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 | ORLAORLA MNG LTD NEW | 31,817,229 | $502M | 25.8% | HOLD |
| 2 | UAAUNDER ARMOUR INC | 43,000,872 | $254M | 13.1% | ADD 2% |
| 3 | CVSCVS HEALTH CORP | 2,712,000 | $195M | 10.0% | HOLD |
| 4 | KENNEDY-WILSON HOLDINGS INC | 13,322,009 | $144M | 7.4% | HOLD |
| 5 | UAUNDER ARMOUR INC | 21,999,128 | $127M | 6.5% | ADD 133% |
| 6 | CLFCLEVELAND-CLIFFS INC NEW | 14,899,273 | $126M | 6.5% | HOLD |
| 7 | KHCKRAFT HEINZ CO | 5,268,200 | $118M | 6.1% | ADD 3% |
| 8 | BBBLACKBERRY LTD | 34,980,220 | $113M | 5.8% | HOLD |
| 9 | ATSATS CORPORATION | 2,486,400 | $69M | 3.6% | HOLD |
| 10 | TAPMOLSON COORS BEVERAGE CO | 1,438,500 | $62M | 3.2% | ADD 7% |
| 11 | HPHelmerich & Payne Inc. | 1,174,105 | $42M | 2.2% | HOLD |
| 12 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 93,700 | $32M | 1.6% | HOLD |
| 13 | GMGENERAL MTRS CO | 375,965 | $28M | 1.4% | HOLD |
| 14 | PFEPFIZER INC | 990,900 | $28M | 1.4% | ADD 11% |
| 15 | BNSBANK NOVA SCOTIA B C | 359,100 | $25M | 1.3% | HOLD |
| 16 | WENWENDYS CO | 3,268,902 | $23M | 1.2% | NEW |
| 17 | MRKMERCK & CO INC | 172,900 | $21M | 1.1% | HOLD |
| 18 | JNJJOHNSON & JOHNSON | 73,400 | $18M | 0.9% | HOLD |
| 19 | GTXGARRETT MOTION INC | 184,460 | $3M | 0.2% | TRIM −29% |
| 20 | CIGICOLLIERS INTL GROUP INC | 25,000 | $3M | 0.1% | ADD 14% |
| 21 | CNICANADIAN NATL RY CO | 24,800 | $3M | 0.1% | ADD 25% |
| 22 | LULULULULEMON ATHLETICA INC | 12,500 | $2M | 0.1% | HOLD |
| 23 | WBDWARNER BROS DISCOVERY INC | 57,900 | $2M | 0.1% | NEW |
| 24 | CPRICAPRI HOLDINGS LIMITED | 78,100 | $1M | 0.1% | HOLD |
| 25 | BRSLBRIGHTSTAR LOTTERY PLC | 68,733 | $874,971 | 0.0% | ADD 88% |
| 26 | PENNPENN ENTERTAINMENT INC | 54,900 | $825,147 | 0.0% | HOLD |
| 27 | BRK.ABERKSHIRE HATHAWAY INC DEL | 1 | $718,176 | 0.0% | HOLD |
| 28 | MXMAGNACHIP SEMICONDUCTOR CORP | 125,000 | $348,750 | 0.0% | HOLD |
| 29 | PRTHPRIORITY TECHNOLOGY HLDGS IN | 70,500 | $332,760 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ORLAORLA MNG LTD NEW | 56.8M | 56.8M | 56.8M | 56.8M | 31.8M | 31.8M | $502M |
| UAAUNDER ARMOUR INC | 6.3M | 6.3M | 6.3M | 6.3M | 42.0M | 43.0M | $254M |
| CVSCVS HEALTH CORP | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | $195M |
| KENNEDY-WILSON HOLDINGS INC | 13.3M | 13.3M | 13.3M | 13.3M | 13.3M | 13.3M | $144M |
| UAUNDER ARMOUR INC | — | — | — | — | 9.5M | 22.0M | $127M |
| CLFCLEVELAND-CLIFFS INC NEW | 5.9M | 14.9M | 14.9M | 14.9M | 14.9M | 14.9M | $126M |
| KHCKRAFT HEINZ CO | 3.3M | 3.4M | 4.9M | 5.1M | 5.1M | 5.3M | $118M |
| BBBLACKBERRY LTD | 46.7M | 46.7M | 40.8M | 35.4M | 35.0M | 35.0M | $113M |
| ATSATS CORPORATION | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | 2.5M | $69M |
| TAPMOLSON COORS BEVERAGE CO | 1.2M | 1.2M | 1.2M | 1.3M | 1.3M | 1.4M | $62M |
| HPHelmerich & Payne Inc. | 774K | 774K | 974K | 1.2M | 1.2M | 1.2M | $42M |
| TSMTAIWAN SEMICONDUCTOR MFG LTD | 142K | 142K | 94K | 94K | 94K | 94K | $32M |
| GMGENERAL MTRS CO | 376K | 376K | 376K | 376K | 376K | 376K | $28M |
| PFEPFIZER INC | 651K | 651K | 651K | 891K | 891K | 991K | $28M |
| BNSBANK NOVA SCOTIA B C | 359K | 359K | 359K | 359K | 359K | 359K | $25M |
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.
