Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (27 quarters reported)
$155M in Q4 2019 → $53.7M 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 |
|---|---|---|---|---|
| Darling Ingredients Inc | 16.6% | Trimmed 62% | 163,500 | $8.93M |
| Alphabet Inc | 16.4% | Trimmed 50% | 25,000 | $8.83M |
| EI Enova Intl Inc | 15.7% | Trimmed 79% | 35,000 | $8.43M |
| Amazon Com Inc | 15.5% | Trimmed 63% | 35,000 | $8.34M |
| CC Cogent Comm Holdings Inc | 15.5% | Trimmed 45% | 599,418 | $8.32M |
| Meta Platforms Inc | 15.2% | Trimmed 57% | 14,500 | $8.17M |
| 1stdibs Com Inc | 5.0% | Trimmed 15% | 550,000 | $2.7M |
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 |
|---|---|---|---|---|
| EI Enova Intl Inc | Trimmed | −135,000 | −$32.5M | 15.7% |
| Amazon Com Inc | Trimmed | −60,000 | −$14.3M | 15.5% |
| Darling Ingredients Inc | Trimmed | −261,500 | −$14.3M | 16.6% |
| NN News Corp New | Exited | −480,000 | −$12M | — |
| Rush Enterprises Inc | Exited | −180,000 | −$11.9M | — |
| TP Turning Pt Brands Inc | Exited | −126,808 | −$11M | — |
| Meta Platforms Inc | Trimmed | −19,000 | −$10.7M | 15.2% |
| LI Lendingclub Issuance Tr Ser | Exited | −700,000 | −$10M | — |
| I Iac Inc | Exited | −245,000 | −$9.81M | — |
| Alphabet Inc | Trimmed | −25,000 | −$8.83M | 16.4% |
Showing the 10 largest of 14 changes.
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Darling Ingredients Inc | Trimmed | −490,000 | −$30.3M | 13.8% |
| EI Enova Intl Inc | Trimmed | −55,500 | −$7.54M | 12.1% |
| Meta Platforms Inc | Trimmed | −11,000 | −$6.29M | 10.1% |
| Amazon Com Inc | Trimmed | −29,200 | −$6.08M | 10.4% |
| CC Cogent Comm Holdings Inc | Trimmed | −315,500 | −$5.94M | 10.8% |
| Alphabet Inc | Trimmed | −17,650 | −$5.06M | 7.5% |
| TP Turning Pt Brands Inc | Trimmed | −54,692 | −$4.75M | 5.8% |
| NN News Corp New | Trimmed | −121,500 | −$3.03M | 6.3% |
| Rush Enterprises Inc | Trimmed | −45,000 | −$2.97M | 6.3% |
| I Iac Inc | Trimmed | −70,000 | −$2.8M | 5.2% |
Showing the 10 largest of 14 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cogent Communications Holdings, Inc. | Added | +527,500 | +$11.4M | 11.2% |
| I Iac Inc. | Trimmed | −175,000 | −$6.84M | 4.6% |
| TH Thryv Hldgs Inc | Exited | −300,000 | −$3.62M | — |
| News Corporation | Trimmed | −20,000 | −$522K | 5.8% |
| 1stdibs.com, Inc. | Added | +50,000 | +$300K | 1.5% |
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enstar Group Limited | Exited | −62,000 | −$20.9M | — |
| Darling Ingredients Inc | Added | +80,000 | +$2.47M | 10.8% |
| Alphabet Inc | Trimmed | −5,000 | −$1.22M | 6.3% |
| ML Maravai Lifesciences Hldgs I | Exited | −500,000 | −$1.21M | — |
| CC Cogent Communications Hldgs | Added | +20,203 | +$775K | 12.8% |
| 1stdibs Com Inc | Added | +110,000 | +$285K | 0.6% |
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Darling Ingredients Inc | New | +835,000 | +$31.7M | 11.1% |
| TH Thryv Hldgs Inc | Trimmed | −407,500 | −$4.96M | 1.3% |
| Alphabet Inc | Trimmed | −25,000 | −$4.43M | 4.5% |
| L Lendingclub Corp | Trimmed | −150,000 | −$1.8M | 3.6% |
| CC Cogent Communications Hldgs | Trimmed | −30,000 | −$1.45M | 14.5% |
| ML Maravai Lifesciences Hldgs I | New | +500,000 | +$1.21M | 0.4% |
| Amazon Com Inc | Trimmed | −5,000 | −$1.1M | 9.6% |
| OS Orion S.a. | Exited | −45,187 | −$584K | — |
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berkshire Hathaway Inc. | Exited | −24,500 | −$11.1M | — |
| Cogent Communications Holdings, Inc. | Trimmed | −150,000 | −$9.2M | 20.7% |
| Enova International, Inc. | Trimmed | −76,860 | −$7.42M | 8.3% |
| Meta Platforms, Inc. | Trimmed | −9,000 | −$5.19M | 9.8% |
| Amazon.com, Inc. | Trimmed | −20,000 | −$3.81M | 9.4% |
| News Corporation | Trimmed | −135,000 | −$3.67M | 6.5% |
| Rush Enterprises, Inc. | Trimmed | −65,000 | −$3.47M | 4.6% |
| Alphabet Inc. | Trimmed | −20,000 | −$3.12M | 5.8% |
| U-haul Holding Company | Trimmed | −45,000 | −$2.66M | 4.2% |
| I Iac Inc. | Trimmed | −55,000 | −$2.53M | 8.6% |
Showing the 10 largest of 14 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enstar Group Limited | Trimmed | −92,000 | −$29.6M | 5.7% |
| Cogent Communications Holdings, Inc. | Trimmed | −141,703 | −$10.9M | 22.7% |
| Enova International, Inc. | Trimmed | −107,640 | −$10.3M | 8.2% |
| I Iac Inc. | Trimmed | −165,000 | −$7.12M | 6.7% |
| Amazon.com, Inc. | Trimmed | −25,000 | −$5.48M | 9.3% |
| OS Orion S.a. | Trimmed | −345,000 | −$5.45M | 1.0% |
| Walker & Dunlop, Inc. | Exited | −41,500 | −$4.71M | — |
| Meta Platforms, Inc. | Trimmed | −7,500 | −$4.39M | 8.9% |
| Thryv Holdings, Inc. | Added | +247,500 | +$3.66M | 3.7% |
| News Corporation | Trimmed | −65,000 | −$1.79M | 5.9% |
Showing the 10 largest of 14 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enstar Group Limited | Trimmed | −41,000 | −$13.2M | 11.8% |
| Meta Platforms, Inc. | Trimmed | −10,200 | −$5.84M | 8.3% |
| Berkshire Hathaway Inc. | Trimmed | −10,500 | −$4.83M | 2.7% |
| Thryv Holdings, Inc. | Added | +215,000 | +$3.7M | 2.6% |
| Amazon.com, Inc. | Trimmed | −15,000 | −$2.79M | 7.7% |
| Walker & Dunlop, Inc. | Trimmed | −23,500 | −$2.67M | 1.1% |
| U-haul Holding Company | Trimmed | −28,500 | −$2.05M | 4.4% |
| Enova International, Inc. | Trimmed | −20,000 | −$1.68M | 8.2% |
| Rush Enterprises, Inc. | Trimmed | −20,000 | −$1.06M | 3.9% |
| 1stdibs.com, Inc. | Added | +199,951 | +$882K | 0.5% |
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