13F filer · reported 2026-Q1 · filed 2026-05-14 · Δ vs 2025-Q4 · US-listed long positions only 13F portfolio $83.9B · Positions 44 · Top 10 61.5% · Effective N 19.3 Filer13F 2026-Q1 | CIK1508097 | Reported quarter2026-Q1 | | Prior quarter2025-Q4 | Filed2026-05-14 | | Reported value$83.9B | Positions44 | | Regulatory AUM (ADV)$122.2B | Employees (ADV)26 | | Head office (ADV)WEST PALM BEACH, FL, United States | Structure (ADV)Limited Liability Company |
Authorized signatory: Eric Hansen · Deputy Chief Compliance Officer — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): SANDERS, LEWIS, ALAN (CEO, MANAGER, MEMBER) · MAHEDY, JOHN, PATRICK (CO-CHIEF INVESTMENT OFFICER, MEMBER, MANAGER) · SPENO, FRANK, DAVID (DIRECTOR OF MARKETING AND CLIENT SERVICE, MEMBER, MANAGER) · BORGIA, MICHAEL, THOMAS (CHIEF FINANCIAL OFFICER, MANAGER, MEMBER) · D'SIDOCKY, JAMES, CHRISTIAN (GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, MANAGER, MEMBER) · SHABSHIS, ALEX, (NMN) (DIRECTOR OF QUANTITATIVE RESEARCH, MEMBER, MANAGER) Reported 2026-Q1 · filed 2026-05-14 · ADV 2026-03-30ⓘ Implied return1.14y vs SPY | Cumulative+41.3% | CAGR+35.4% | | vs SPY+13.5pp | Vol (ann.)16.8% | | Sharpe1.90 | Max drawdown−12.5% | | Beta1.20 | Avg coverage100% | | Quarters replayed3 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 51 names | Ticker | Avg wt | Return | Contrib. |
|---|
| STX | 5.4% | +438.3% | +13.07pp | | TSM | 11.3% | +81.5% | +8.17pp | | GOOG | 10.2% | +65.8% | +5.81pp | | AMAT | 2.5% | +204.3% | +3.56pp | | META | 7.9% | −26.9% | −2.76pp | | AMZN | 5.4% | +13.0% | +1.48pp | | AAPL | 3.4% | +36.2% | +1.24pp | | RTX | 2.0% | +59.7% | +1.14pp | | ACN | 3.0% | −27.0% | −1.07pp | | DAL | 2.2% | +34.7% | +0.83pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book +34.7% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 44 · 66.6% of book | Holding | Weight | Value | Δ shares |
|---|
| TSM | 11.3% | $9.5B | −12.2% | | GOOG | 9.8% | $8.2B | −10.0% | | AMZN | 7.4% | $6.2B | +100.1% | | META | 7.2% | $6.0B | +5.2% | | STX | 6.0% | $5.1B | −24.9% | | MSFT | 5.5% | $4.6B | +2.0% | | HCA | 5.1% | $4.2B | −14.4% | | AAPL | 3.3% | $2.8B | −0.4% | | CI | 3.3% | $2.7B | +31.9% | | ACN | 2.6% | $2.2B | +2.1% | | BAC | 2.6% | $2.2B | −0.2% | | AMAT | 2.5% | $2.1B | −30.1% |
Weights as filed for 2026-Q1 · Δ vs 2025-Q4ⓘ Sector split9 sectors | Sector | N | Weight |
|---|
| Information Technology | 8 | 34.8% | | Communication Services | 2 | 17.0% | | Financials | 14 | 16.3% | | Industrials | 8 | 11.6% | | Consumer Discretionary | 3 | 8.6% | | Health Care | 4 | 7.0% | | Unclassified | 2 | 3.2% | | Consumer Staples | 2 | 1.5% | | Materials | 1 | 0.0% |
SIC-derived, not GICS · 97% of weight classifiedⓘ Sector history8 of 53 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Information Technology | 28.9% | 27.9% | 28.8% | 24.8% | 32.7% | 33.1% | 35.5% | 34.8% | | Communication Services | 18.1% | 17.7% | 19.7% | 18.1% | 18.5% | 18.7% | 19.2% | 17.0% | | Financials | 17.9% | 18.7% | 19.3% | 22.8% | 18.6% | 16.6% | 15.8% | 16.3% | | Industrials | 10.2% | 12.0% | 12.0% | 12.5% | 11.5% | 12.1% | 11.5% | 11.6% | | Consumer Discretionary | 5.0% | 4.8% | 6.3% | 6.6% | 6.9% | 6.8% | 6.7% | 8.6% | | Health Care | 9.3% | 9.1% | 6.9% | 8.0% | 7.4% | 7.3% | 7.4% | 7.0% | | Unclassified | 2.0% | 2.0% | 1.1% | 1.2% | 0.8% | 2.2% | 2.2% | 3.2% | | Consumer Staples | 3.2% | 3.1% | 2.9% | 3.0% | 2.4% | 2.1% | 1.8% | 1.5% | | Materials | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Energy | 5.4% | 4.8% | 2.9% | 3.1% | 1.3% | 1.1% | 0.0% | 0.0% | | Utilities | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 65.0% | 64.4% | 65.7% | 61.5% | 62.4% | 61.5% | 61.8% | 61.5% |
SIC-derived, not GICS · 97% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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