13F filer · reported 2026-Q1 · filed 2026-05-15 · Δ vs 2025-Q4 · US-listed long positions only 13F portfolio $837M · Positions 44 · Top 10 79.8% · Effective N 13.5 Filer13F 2026-Q1 | CIK1115373 | Reported quarter2026-Q1 | | Prior quarter2025-Q4 | Filed2026-05-15 | | Reported value$837M | Positions44 | | Regulatory AUM (ADV)$982M | Employees (ADV)9 | | Head office (ADV)HIGHLANDS RANCH, CO, United States | Structure (ADV)Limited Liability Company |
Authorized signatory: Chad S. Christensen · Vice President/Partner — 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): BLOOMSTRAN, CHRISTOPHER, PAUL (PRESIDENT AND CHIEF INVESTMENT OFFICER, MANAGING MEMBER) · CHRISTENSEN, CHAD, S (CHIEF COMPLIANCE OFFICER PARTNER/VICE PRESIDENT, MANAGING MEMBER) Reported 2026-Q1 · filed 2026-05-15 · ADV 2026-03-31ⓘ Implied return1.14y vs SPY | Cumulative+35.0% | CAGR+30.1% | | vs SPY+8.2pp | Vol (ann.)17.6% | | Sharpe1.59 | Max drawdown−11.4% | | Beta0.75 | Avg coverage89% | | Quarters replayed3 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 44 names | Ticker | Avg wt | Return | Contrib. |
|---|
| NEM | 7.5% | +87.9% | +5.45pp | | KGC | 7.4% | +67.8% | +4.87pp | | FIVE | 6.3% | +76.5% | +4.35pp | | VLO | 3.2% | +145.1% | +3.68pp | | DINO | 2.6% | +106.1% | +2.59pp | | OLN | 6.4% | −17.9% | −1.69pp | | EQNR | 1.5% | +77.0% | +1.52pp | | DG | 13.1% | +12.0% | +1.44pp | | DLTR | 7.5% | +16.0% | +1.30pp | | DECK | 7.3% | −16.0% | −1.27pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book +24.5% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 44 · 85.2% of book | Holding | Weight | Value | Δ shares |
|---|
| BRK.B | 14.5% | $121M | +1.5% | | BRK/A | 9.9% | $83M | +0.0% | | DG | 9.2% | $77M | −30.0% | | DECK | 7.9% | $66M | +3.3% | | ALK | 7.4% | $62M | +314.2% | | OLN | 7.2% | $60M | +4.4% | | DLTR | 6.7% | $56M | +0.2% | | NEM | 6.2% | $52M | −27.8% | | KGC | 5.5% | $46M | −28.6% | | FIVE | 5.3% | $44M | −27.4% | | SBUX | 2.7% | $23M | +4.1% | | DINO | 2.7% | $23M | +0.6% |
Weights as filed for 2026-Q1 · Δ vs 2025-Q4ⓘ Sector split10 sectors | Sector | N | Weight |
|---|
| Materials | 4 | 26.8% | | Consumer Staples | 5 | 16.5% | | Financials | 5 | 15.3% | | Industrials | 6 | 12.9% | | Unclassified | 5 | 10.5% | | Consumer Discretionary | 2 | 7.9% | | Energy | 7 | 6.3% | | Communication Services | 5 | 2.6% | | Health Care | 2 | 0.7% | | Information Technology | 3 | 0.5% |
SIC-derived, not GICS · 90% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Materials | 16.7% | 18.0% | 16.0% | 17.4% | 17.7% | 25.9% | 26.7% | 26.8% | | Consumer Staples | 13.2% | 19.0% | 19.7% | 19.7% | 22.6% | 18.4% | 21.9% | 16.5% | | Financials | 31.6% | 20.2% | 20.8% | 21.6% | 17.8% | 16.6% | 15.2% | 15.3% | | Industrials | 5.5% | 5.7% | 7.4% | 5.4% | 5.2% | 5.2% | 5.3% | 12.9% | | Unclassified | 17.2% | 18.1% | 17.0% | 18.5% | 15.3% | 11.3% | 10.5% | 10.5% | | Consumer Discretionary | 4.5% | 5.0% | 5.3% | 4.6% | 9.0% | 8.5% | 8.1% | 7.9% | | Energy | 6.6% | 10.2% | 9.5% | 9.1% | 8.7% | 9.4% | 8.3% | 6.3% | | Communication Services | 2.5% | 2.3% | 2.8% | 2.2% | 2.5% | 3.6% | 2.9% | 2.6% | | Health Care | 1.0% | 0.9% | 0.9% | 0.7% | 0.5% | 0.5% | 0.6% | 0.7% | | Information Technology | 1.2% | 0.7% | 0.7% | 0.6% | 0.6% | 0.5% | 0.5% | 0.5% | | Top-10 concentration | 80.1% | 79.8% | 80.2% | 82.2% | 78.9% | 80.6% | 82.1% | 79.8% |
SIC-derived, not GICS · 90% 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
|
