Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (35 quarters reported)
$223M in Q4 2017 → $1.24B 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 |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T Put | 24.1% | Trimmed 20% | 400,000 | $299M |
| IG Ishares Gold Tr | 20.5% | New | 3,363,600 | $254M |
| Sharonai Holdings Inc | 10.2% | New | 108,500,000 | $127M |
| T& Telephone & Data Sys Inc | 5.0% | New | 1,675,955 | $62M |
| Masterbrand Inc | 4.0% | Added 209% | 4,779,445 | $49.2M |
| Uniti Group LLC | 3.7% | Trimmed 30% | 4,000,000 | $45.9M |
| SE Space Exploration Techn Corp | 3.4% | New | 250,000 | $42.7M |
| FB Fortune Brands Innovations I | 3.1% | Added 2.4% | 696,350 | $38.2M |
| Echostar Corp | 2.7% | Trimmed 78% | 326,754 | $33.2M |
| JH James Hardie Inds PLC | 2.5% | Added 2244% | 1,172,112 | $30.7M |
| Wolfspeed Inc | 2.4% | New | 11,970,000 | $29.7M |
| AM Ardagh Metal Packaging S A | 1.9% | Added 13% | 5,030,465 | $23.8M |
| Vistance Networks Inc | 1.8% | Added 119% | 1,750,000 | $22.4M |
| CN Comcast Corp New | 1.7% | New | 840,000 | $20.6M |
| Ovintiv Inc | 1.7% | New | 390,000 | $20.5M |
| Keel Infrastructure Corp | 1.2% | New | 12,500,000 | $14.6M |
| Magnera Corp | 1.1% | Unchanged | 1,205,793 | $14.2M |
| Sila Realty Trust Inc | 1.1% | Trimmed 58% | 437,473 | $13.3M |
| SE Solaris Energy Infras Inc | 1.0% | New | 150,000 | $12.1M |
| CM Columbus Mckinnon Corp N Y | 0.9% | Unchanged | 715,783 | $10.8M |
| Charter Communications Inc | 0.9% | New | 75,000 | $10.7M |
| Keel Infrastructure Corp | 0.7% | New | 8,000,000 | $8.9M |
| Cerebras Systems Inc | 0.6% | New | 35,000 | $7.74M |
| NC Nuveen Churchill Direct Lend | 0.6% | Trimmed 56% | 604,645 | $7.51M |
| Wingstop Inc | 0.6% | New | 40,000 | $6.94M |
| PF Pennantpark Floating Rate Ca | 0.5% | Trimmed 46% | 900,000 | $6.73M |
| CH Community Health Sys Inc New | 0.5% | New | 1,837,962 | $6.14M |
| Carlyle Secured Lending Inc | 0.4% | New | 508,387 | $5.35M |
| BI Brinker Intl Inc | 0.4% | New | 29,500 | $4.96M |
| Forward Air Corp | 0.4% | New | 350,000 | $4.73M |
| Solv Energy Inc | 0.2% | New | 80,000 | $2.72M |
| Innio Nv | 0.2% | New | 50,000 | $1.98M |
| Echostar Corp Call | 0.1% | Unchanged | 17,100 | $1.74M |
| Barings Bdc Inc | 0.1% | Trimmed 93% | 96,589 | $823K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IG Ishares Gold Tr | New | +3,363,600 | +$254M | 20.5% |
| Sharonai Holdings Inc | New | +108,500,000 | +$127M | 10.2% |
| Echostar Corp | Trimmed | −1,143,830 | −$116M | 2.7% |
| IT Ishares Tr | Exited | −400,000 | −$99.2M | — |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −100,000 | −$74.7M | 24.1% |
| T& Telephone & Data Sys Inc | New | +1,675,955 | +$62M | 5.0% |
| SE Space Exploration Techn Corp | New | +250,000 | +$42.7M | 3.4% |
| NG Nebius Group N.v. | Exited | −40,000,000 | −$38.5M | — |
| NG Nebius Group N.v. | Exited | −40,000,000 | −$37.2M | — |
| Masterbrand Inc | Added | +3,233,874 | +$33.3M | 4.0% |
Showing the 10 largest of 45 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | New | +500,000 | +$325M | 30.4% |
| Echostar Corp | Trimmed | −2,297,344 | −$269M | 16.1% |
| IT Ishares Tr | New | +400,000 | +$99.2M | 9.3% |
| T& Telephone & Data Sys Inc | Exited | −1,067,297 | −$43.8M | — |
| AG Alibaba Group Hldg Ltd | Exited | −40,000,000 | −$41.3M | — |
| Uniti Group LLC | Added | +4,181,528 | +$39.2M | 5.0% |
| NG Nebius Group N.v. | New | +40,000,000 | +$38.5M | 3.6% |
| NG Nebius Group N.v. | New | +40,000,000 | +$37.2M | 3.5% |
| Masterbrand Inc | Trimmed | −4,464,839 | −$37.1M | 1.2% |
| Hca Healthcare Inc | Trimmed | −73,000 | −$34.5M | 2.1% |
Showing the 10 largest of 52 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Exited | −642,000 | −$428M | — |
| Echostar Corp | Trimmed | −2,195,331 | −$239M | 37.4% |
| IT Ishares Tr | Exited | −285,000 | −$69M | — |
| Hca Healthcare Inc | New | +120,000 | +$56M | 5.1% |
| Warner Bros Discovery Inc | Exited | −2,250,000 | −$43.9M | — |
| AG Alibaba Group Hldg Ltd | New | +40,000,000 | +$41.3M | 3.8% |
| CE Caesars Entertainment Inc Ne | New | +1,500,000 | +$35.1M | 3.2% |
| FK Fs Kkr Cap Corp | New | +2,272,393 | +$33.7M | 3.1% |
| E Enviri Corp | Exited | −2,455,854 | −$31.2M | — |
| CN Cleveland-cliffs Inc New | Exited | −2,500,000 | −$30.5M | — |
Showing the 10 largest of 65 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | New | +642,000 | +$428M | 26.4% |
| IT Ishares Tr | Trimmed | −1,240,000 | −$300M | 4.3% |
| Echostar Corp | Added | +2,684,273 | +$205M | 28.1% |
| Echostar Corp | Exited | −3,700,000 | −$102M | — |
| Warner Bros Discovery Inc | Exited | −7,000,000 | −$80.2M | — |
| Masterbrand Inc | Added | +4,060,410 | +$53.5M | 4.1% |
| CH Commscope Hldg Co Inc | Exited | −4,841,158 | −$40.1M | — |
| CN Cleveland-cliffs Inc New | New | +2,500,000 | +$30.5M | 1.9% |
| Slm Corp | New | +1,000,000 | +$27.7M | 1.7% |
| Rh | Trimmed | −123,745 | −$25.1M | 0.3% |
Showing the 10 largest of 52 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IE Invesco Exch Traded Fd Tr Ii | Exited | −7,000,000 | −$145M | — |
| IT Ishares Tr | Added | +525,000 | +$113M | 37.6% |
| Echostar Corp | New | +3,700,000 | +$102M | 11.7% |
| Echostar Corp | Trimmed | −2,746,837 | −$76.1M | 10.4% |
| RG Realogy Grp Llc/realogy Co | Exited | −44,865,000 | −$42.1M | — |
| Rh | New | +143,745 | +$27.2M | 3.1% |
| NG Nebius Group N.v. | Exited | −1,190,476 | −$25.1M | — |
| MG Mercury Genl Corp New | Exited | −350,000 | −$19.6M | — |
| CH Commscope Hldg Co Inc | Added | +2,138,795 | +$17.7M | 4.6% |
| Warner Bros Discovery Inc | Added | +1,545,000 | +$17.7M | 4.4% |
Showing the 10 largest of 35 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +1,000,000 | +$199M | 23.3% |
| IE Invesco Exch Traded Fd Tr Ii | New | +7,000,000 | +$145M | 16.9% |
| Boeing Co | Exited | −1,000,000 | −$60.9M | — |
| Unitedhealth Group Inc | Exited | −120,000 | −$60.7M | — |
| Warner Bros Discovery Inc | Added | +5,000,000 | +$53.7M | 10.0% |
| Humana Inc | Exited | −132,500 | −$33.6M | — |
| CS Core Scientific Inc New | Exited | −2,265,000 | −$31.8M | — |
| Echostar Corp | Added | +999,000 | +$25.6M | 18.0% |
| Veon Ltd | Trimmed | −463,279 | −$20.2M | 0.8% |
| MG Mercury Genl Corp New | New | +350,000 | +$19.6M | 2.3% |
Showing the 10 largest of 33 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Exited | −1,000,000 | −$488M | — |
| IT Ishares Tr | Exited | −600,000 | −$133M | — |
| ES ETF Ser Solutions | Exited | −5,000,000 | −$104M | — |
| Dish Network Corporation | Exited | −116,818,000 | −$101M | — |
| Echostar Corp | Added | +4,220,853 | +$96.7M | 17.0% |
| Boeing Co | New | +1,000,000 | +$60.9M | 9.0% |
| Unitedhealth Group Inc | New | +120,000 | +$60.7M | 9.0% |
| Applied Digital Corp | Exited | −6,327,161 | −$52.2M | — |
| Humana Inc | New | +132,500 | +$33.6M | 5.0% |
| NG Nebius Group N.v. | New | +1,190,476 | +$33M | 4.9% |
Showing the 10 largest of 35 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | New | +1,000,000 | +$488M | 39.8% |
| IQ Invesco Qqq Tr | Exited | −500,000 | −$240M | — |
| IT Ishares Tr | New | +600,000 | +$133M | 10.8% |
| ES ETF Ser Solutions | New | +5,000,000 | +$104M | 8.4% |
| Boeing Co | Exited | −500,000 | −$91M | — |
| CS Core Scientific Inc New | Trimmed | −5,002,261 | −$59.3M | 3.4% |
| IT Ishares Tr | Exited | −500,000 | −$53.6M | — |
| Applied Digital Corp | New | +6,327,161 | +$52.2M | 4.3% |
| Viking Holdings Ltd | Exited | −1,500,000 | −$50.9M | — |
| Sila Realty Trust Inc | New | +1,899,130 | +$48M | 3.9% |
Showing the 10 largest of 36 changes.
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