Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (23 quarters reported)
$334M in Q4 2020 → $77.8M 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 |
|---|---|---|---|---|
| CA Credit Accep Corp Mich | 38.7% | Trimmed 17% | 47,274 | $30.1M |
| Charter Communications Inc | 26.1% | Added 13% | 142,834 | $20.3M |
| Hilton Grand Vacations Inc | 15.6% | Trimmed 11% | 232,204 | $12.2M |
| BA British Amern Tob PLC | 10.0% | Trimmed 11% | 126,000 | $7.78M |
| AH Aercap Holdings Nv | 9.5% | Unchanged | 50,730 | $7.4M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CA Credit Accep Corp Mich | Trimmed | −9,438 | −$6.01M | 38.7% |
| AC Americas Car-mart Inc | Exited | −218,282 | −$2.78M | — |
| Charter Communications Inc | Added | +16,000 | +$2.28M | 26.1% |
| Hilton Grand Vacations Inc | Trimmed | −30,000 | −$1.57M | 15.6% |
| BA British Amern Tob PLC | Trimmed | −15,000 | −$926K | 10.0% |
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Charter Communications Inc | Added | +39,500 | +$8.53M | 34.4% |
| CA Credit Accep Corp Mich | Trimmed | −11,475 | −$4.86M | 30.2% |
| AH Aercap Holdings Nv | Trimmed | −28,000 | −$3.84M | 8.7% |
| Hilton Grand Vacations Inc | Added | +44,256 | +$1.73M | 12.9% |
| AC Americas Car-mart Inc | Trimmed | −68,355 | −$870K | 3.5% |
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CC Charter Communications Inc N | Added | +21,500 | +$4.49M | 21.5% |
| DG Dollar Gen Corp New | Exited | −35,000 | −$3.62M | — |
| Hilton Grand Vacations Inc | Added | +40,000 | +$1.79M | 11.5% |
| BA British Amern Tob PLC | Trimmed | −24,000 | −$1.36M | 9.4% |
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DG Dollar Gen Corp New | Trimmed | −87,500 | −$9.04M | 4.1% |
| Hilton Grand Vacations Inc | New | +177,948 | +$7.44M | 8.5% |
| CC Charter Communications Inc N | Added | +12,500 | +$3.44M | 20.7% |
| CA Credit Accep Corp Mich | Trimmed | −7,246 | −$3.38M | 36.3% |
| AH Aercap Holdings Nv | Trimmed | −20,000 | −$2.42M | 10.9% |
| BA British Amern Tob PLC | Trimmed | −30,000 | −$1.59M | 10.0% |
| AC Americas Car-mart Inc | Trimmed | −3,075 | −$89.8K | 9.6% |
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BA British Amern Tob PLC | Trimmed | −225,000 | −$10.6M | 8.3% |
| DG Dollar Gen Corp New | Trimmed | −17,500 | −$2M | 12.6% |
| AH Aercap Holdings Nv | Added | +16,000 | +$1.87M | 10.4% |
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AH Aercap Holdings Nv | Trimmed | −59,348 | −$6.06M | 7.7% |
| CA Credit Accep Corp Mich | Trimmed | −8,800 | −$4.54M | 35.4% |
| AC Americas Car-mart Inc | Added | +74,240 | +$3.37M | 12.0% |
| BA British Amern Tob PLC | Trimmed | −45,000 | −$1.86M | 15.8% |
| T-mobile Us Inc | Exited | −5,691 | −$1.26M | — |
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AC Americas Car-mart Inc | New | +215,472 | +$11M | 9.9% |
| CA Credit Accep Corp Mich | Added | +16,156 | +$7.58M | 35.6% |
| DG Dollar Gen Corp New | Added | +56,000 | +$4.25M | 9.5% |
| BA British Amern Tob PLC | Added | +70,000 | +$2.54M | 15.2% |
| Bread Financial Holdings Inc | Exited | −48,182 | −$2.29M | — |
| T-mobile Us Inc | Trimmed | −8,500 | −$1.88M | 1.1% |
| CC Charter Communications Inc N | Added | +4,000 | +$1.37M | 16.4% |
| AH Aercap Holdings Nv | Added | +10,000 | +$957K | 12.2% |
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ryanair Holdings PLC | Exited | −112,167 | −$13.1M | — |
| CC Charter Communications Inc N | Trimmed | −22,300 | −$7.23M | 18.7% |
| CA Credit Accep Corp Mich | Added | +5,760 | +$2.55M | 35.3% |
| Bread Financial Holdings Inc | Trimmed | −40,000 | −$1.9M | 2.7% |
| BA British Amern Tob PLC | Added | +45,000 | +$1.65M | 16.9% |
| DG Dollar Gen Corp New | Added | +7,500 | +$634K | 8.3% |
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