Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (49 quarters reported)
$10.6B in Q2 2014 → $2.43B 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 |
|---|---|---|---|---|
| TS Taiwan Semiconductor Manufac | 29.0% | Added 10% | 1,475,803 | $705M |
| Arm Holdings PLC | 15.6% | Added 15% | 1,072,493 | $380M |
| Delta Air Lines Inc | 9.5% | Trimmed 0.6% | 2,471,261 | $231M |
| Analog Devices Inc | 9.4% | Trimmed 13% | 574,537 | $228M |
| UA United Airls Hldgs Inc | 8.7% | Added 1.2% | 1,549,179 | $211M |
| Baker Hughes Company | 5.7% | Added 6087% | 2,494,112 | $138M |
| Linde PLC | 5.1% | Trimmed 47% | 238,619 | $124M |
| SL Slb Limited | 4.9% | Trimmed 13% | 2,560,073 | $119M |
| AH Acushnet Hldgs Corp | 2.5% | Trimmed 1.8% | 513,572 | $60.9M |
| Ionq Inc | 2.1% | Added 21% | 966,433 | $51.5M |
| Amazon Com Inc | 1.3% | Added 71% | 132,969 | $31.7M |
| TI Texas Instrs Inc | 1.1% | Added 0.6% | 92,578 | $27.6M |
| Teck Resources Ltd | 0.8% | Trimmed 85% | 310,564 | $18.5M |
| Smurfit Westrock PLC | 0.7% | Trimmed 81% | 347,795 | $16.1M |
| BM Barrick Mng Corp | 0.6% | Added 20% | 411,335 | $15.1M |
| Ralliant Corp | 0.6% | Added 1.4% | 197,849 | $14.6M |
| Eaton Corp PLC | 0.6% | Trimmed 74% | 33,865 | $14.4M |
| NE Nvent Elec PLC | 0.5% | New | 71,122 | $12.1M |
| Agilent Technologies Inc | 0.5% | New | 88,569 | $11.8M |
| Medtronic PLC | 0.3% | Unchanged | 88,839 | $6.95M |
| ST Sensata Technologies Hldg Pl | 0.3% | New | 140,290 | $6.7M |
| Rockwell Automation Inc | 0.2% | Trimmed 35% | 9,146 | $4.53M |
| Agnico Eagle Mines Ltd | 0.0% | Unchanged | 4,647 | $721K |
| MI Marriott Intl Inc New | 0.0% | Trimmed 10% | 1,268 | $470K |
| Lamar Advertising Co | 0.0% | New | 1,828 | $285K |
| Outfront Media Inc | 0.0% | New | 8,581 | $281K |
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 |
|---|---|---|---|---|
| Baker Hughes Company | Added | +2,453,803 | +$136M | 5.7% |
| Linde PLC | Trimmed | −210,587 | −$109M | 5.1% |
| Teck Resources Ltd | Trimmed | −1,730,735 | −$103M | 0.8% |
| Smurfit Westrock PLC | Trimmed | −1,522,424 | −$70.4M | 0.7% |
| TS Taiwan Semiconductor Manufac | Added | +140,117 | +$66.9M | 29.0% |
| Arm Holdings PLC | Added | +136,990 | +$48.6M | 15.6% |
| Eaton Corp PLC | Trimmed | −95,760 | −$40.8M | 0.6% |
| Analog Devices Inc | Trimmed | −89,526 | −$35.6M | 9.4% |
| SL Slb Limited | Trimmed | −397,610 | −$18.5M | 4.9% |
| Amazon Com Inc | Added | +55,064 | +$13.1M | 1.3% |
Showing the 10 largest of 25 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SL Slb Limited | New | +2,957,683 | +$152M | 8.1% |
| Linde PLC | Added | +221,749 | +$110M | 11.9% |
| Arm Holdings PLC | Added | +463,427 | +$70.1M | 7.6% |
| Smurfit Westrock PLC | Added | +1,612,995 | +$64.3M | 4.0% |
| Crh PLC | Exited | −307,987 | −$38.4M | — |
| UA United Airls Hldgs Inc | Added | +300,912 | +$27.7M | 7.6% |
| Soho House & Co Inc | Exited | −2,567,413 | −$23M | — |
| Teck Resources Ltd | Added | +235,633 | +$12.2M | 5.7% |
| Analog Devices Inc | Added | +29,309 | +$9.32M | 11.3% |
| Eaton Corp PLC | Added | +19,670 | +$7.04M | 2.5% |
Showing the 10 largest of 26 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Analog Devices Inc | Added | +483,353 | +$131M | 12.6% |
| Linde PLC | Trimmed | −137,085 | −$58.5M | 7.1% |
| Ionq Inc | Trimmed | −1,294,238 | −$58.1M | 2.1% |
| Teck Resources Ltd | Added | +1,083,612 | +$51.9M | 6.3% |
| Arm Holdings PLC | Added | +412,101 | +$45M | 3.8% |
| Crh PLC | Trimmed | −340,142 | −$42.4M | 2.8% |
| Smurfit Westrock PLC | Trimmed | −1,028,887 | −$39.8M | 0.7% |
| Eaton Corp PLC | New | +109,955 | +$35M | 2.6% |
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −94,031 | −$28.6M | 29.5% |
| Amazon Com Inc | Trimmed | −119,557 | −$27.6M | 0.8% |
Showing the 10 largest of 19 changes.
quarter ended September 30, 2025 · filed November 19, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TS Taiwan Semiconductor Mfg Ltd | Added | +681,110 | +$190M | 33.4% |
| Freeport-mcmoran Inc | Exited | −1,438,082 | −$62.3M | — |
| DA Delta Air Lines Inc Del | Added | +730,368 | +$41.4M | 10.9% |
| Teck Resources Ltd | New | +722,054 | +$31.7M | 2.7% |
| Ionq Inc | Added | +1,435,394 | +$28.6M | 3.3% |
| Linde PLC | Added | +55,908 | +$26.6M | 14.6% |
| Amazon Com Inc | Added | +119,335 | +$26.2M | 3.1% |
| UA United Airls Hldgs Inc | Added | +244,037 | +$23.5M | 9.0% |
| Crh PLC | Added | +122,915 | +$14.7M | 6.6% |
| BM Barrick Mng Corp | New | +265,824 | +$8.71M | 0.7% |
Showing the 10 largest of 23 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| UA United Airls Hldgs Inc | New | +856,174 | +$68.2M | 8.9% |
| Linde PLC | Trimmed | −136,638 | −$64.1M | 18.8% |
| Crh PLC | Trimmed | −597,903 | −$54.9M | 6.3% |
| TS Taiwan Semiconductor Mfg Ltd | Added | +240,188 | +$54.4M | 21.7% |
| Freeport-mcmoran Inc | Added | +879,792 | +$38.1M | 8.1% |
| Smurfit Westrock PLC | Trimmed | −625,896 | −$27M | 7.3% |
| DA Delta Air Lines Inc Del | Trimmed | −471,110 | −$23.2M | 9.9% |
| Analog Devices Inc | Trimmed | −50,341 | −$12M | 4.5% |
| Amazon Com Inc | Added | +30,763 | +$6.75M | 1.4% |
| Rockwell Automation Inc | Added | +11,048 | +$3.67M | 1.2% |
Showing the 10 largest of 21 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −1,164,060 | −$193M | 11.7% |
| Smurfit Westrock PLC | Trimmed | −2,224,279 | −$100M | 12.3% |
| Crh PLC | Trimmed | −840,126 | −$73.9M | 14.0% |
| DA Delta Air Lines Inc Del | Trimmed | −1,420,448 | −$61.9M | 12.5% |
| Eaton Corp PLC | Exited | −82,454 | −$27.4M | — |
| Amazon Com Inc | Trimmed | −138,352 | −$26.3M | 0.5% |
| Analog Devices Inc | Trimmed | −83,631 | −$16.9M | 5.6% |
| Ryanair Holdings PLC | Exited | −291,053 | −$12.7M | — |
| Linde PLC | Added | +25,486 | +$11.9M | 29.4% |
| Ionq Inc | Trimmed | −507,728 | −$11.2M | 1.5% |
Showing the 10 largest of 26 changes.
quarter ended December 31, 2024 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DA Delta Air Lines Inc Del | Added | +1,387,201 | +$83.9M | 15.1% |
| Smurfit Westrock PLC | Trimmed | −938,326 | −$50.5M | 16.3% |
| Freeport-mcmoran Inc | Trimmed | −1,306,409 | −$49.7M | 0.8% |
| Amazon Com Inc | Added | +142,765 | +$31.3M | 2.5% |
| Linde PLC | Added | +61,486 | +$25.7M | 12.8% |
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −124,703 | −$24.6M | 23.8% |
| Analog Devices Inc | Added | +82,494 | +$17.5M | 4.3% |
| Ionq Inc | Trimmed | −313,605 | −$13.1M | 3.0% |
| EL Eli Lilly & Co | Exited | −14,647 | −$13M | — |
| Crh PLC | Trimmed | −75,334 | −$6.97M | 13.2% |
Showing the 10 largest of 25 changes.
quarter ended September 30, 2024 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Smurfit Westrock PLC | New | +5,092,557 | +$252M | 19.7% |
| Crh PLC | Trimmed | −969,240 | −$89.9M | 14.8% |
| Amazon Com Inc | Trimmed | −426,629 | −$79.5M | 0.2% |
| TS Taiwan Semiconductor Mfg Ltd | Trimmed | −395,425 | −$68.7M | 24.3% |
| DA Delta Air Lines Inc Del | Trimmed | −839,081 | −$42.6M | 8.2% |
| Freeport-mcmoran Inc | Added | +705,213 | +$35.2M | 6.2% |
| Analog Devices Inc | Added | +102,441 | +$23.6M | 3.6% |
| Linde PLC | Trimmed | −40,796 | −$19.3M | 13.3% |
| Ryanair Holdings PLC | Trimmed | −402,280 | −$18.2M | 0.8% |
| IT Ishares Tr | Exited | −495,329 | −$17M | — |
Showing the 10 largest of 29 changes.
Loading...
