Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$835M in Q2 2013 → $2.2B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| FN Ferrari N V | 40.8% | Unchanged | 2,423,235 | $896M |
| Totalenergies Se | 22.8% | Trimmed 0.3% | 6,455,319 | $500M |
| SN Stellantis N.v | 9.7% | Unchanged | 37,430,307 | $212M |
| DE Dbx ETF Tr | 8.1% | Unchanged | 2,548,421 | $177M |
| FN Ferrovial Nv | 7.1% | Trimmed 15% | 2,268,908 | $155M |
| IT Ishares Tr | 5.4% | Unchanged | 887,779 | $118M |
| DE Dbx ETF Tr | 3.7% | Unchanged | 1,874,310 | $82.2M |
| SS SPDR Series Trust | 2.6% | Unchanged | 771,136 | $56.2M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed July 31, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FN Ferrovial Nv | Trimmed | −394,290 | −$26.9M | 7.1% |
| Totalenergies Se | Trimmed | −20,000 | −$1.55M | 22.8% |
quarter ended March 31, 2026 · filed April 23, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SN Stellantis N.v | Added | +1,475,000 | +$10.3M | 11.8% |
quarter ended December 31, 2025 · filed January 27, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Totalenergies Se | New | +6,475,319 | +$423M | 18.4% |
| QN Qiagen Nv | Exited | −799,599 | −$35.4M | — |
| Ferrovial Se | Added | +459,192 | +$29.9M | 7.5% |
| FN Ferrari N V | Trimmed | −39,536 | −$14.8M | 39.4% |
| SN Stellantis N.v | Trimmed | −675,000 | −$7.5M | 17.4% |
quarter ended September 30, 2025 · filed November 04, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ferrovial Se | New | +2,204,006 | +$126M | 6.1% |
| IT Ishares Tr | Trimmed | −765,406 | −$89.6M | 5.0% |
| NY New York Life Investments Et | Exited | −1,805,576 | −$89.5M | — |
| SN Stellantis N.v | Added | +3,800,000 | +$35.1M | 16.3% |
| FN Ferrari N V | Added | +55,500 | +$26.8M | 57.3% |
quarter ended June 30, 2025 · filed July 15, 2025
No position changes this quarter.
quarter ended March 31, 2025 · filed April 23, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| QN Qiagen Nv | Exited | −822,445 | −$36.8M | — |
| QN Qiagen Nv | New | +799,599 | +$31.7M | 1.7% |
| SN Stellantis N.v | Trimmed | −2,748,695 | −$30.5M | 19.2% |
| FN Ferrari N V | Added | +67,651 | +$28.7M | 53.9% |
quarter ended December 31, 2024 · filed January 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −1,548,347 | −$160M | 8.5% |
| DE Dbx ETF Tr | Trimmed | −2,950,756 | −$159M | 6.8% |
| FN Ferrari N V | Added | +63,675 | +$27.3M | 49.8% |
| SN Stellantis N.v | Trimmed | −1,400,000 | −$18.3M | 23.1% |
quarter ended September 30, 2024 · filed October 10, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CI Cnh Indl N V | Exited | −16,356,391 | −$165M | — |
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