Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (22 quarters reported)
$378M in Q1 2021 → $78.6M 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 |
|---|---|---|---|---|
| Magnera Corp | 28.2% | Trimmed 22% | 1,889,088 | $22.2M |
| Builders Firstsource Inc | 19.4% | Unchanged | 170,671 | $15.3M |
| LP Louisiana Pac Corp | 16.1% | Unchanged | 160,600 | $12.6M |
| Servicetitan Inc | 12.8% | Unchanged | 142,198 | $10.1M |
| AS Algoma Stl Group Inc | 7.8% | Trimmed 56% | 1,518,714 | $6.15M |
| OP Office Pptys Income Tr | 7.1% | New | 326,981 | $5.56M |
| A Alvotech | 6.2% | Unchanged | 1,318,534 | $4.87M |
| AH Aveanna Healthcare Hldgs Inc | 2.3% | Trimmed 90% | 215,505 | $1.85M |
| Forafric Global PLC Call | 0.0% | Trimmed 10% | 22,500 | $14.2K |
| Aeye Inc Call | 0.0% | Trimmed 11% | 14,912 | $258 |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −1,987,857 | −$17M | 2.3% |
| Forward Air Corp | Exited | −733,261 | −$12.3M | — |
| AS Algoma Stl Group Inc | Trimmed | −1,927,789 | −$7.81M | 7.8% |
| Magnera Corp | Trimmed | −536,730 | −$6.31M | 28.2% |
| OP Office Pptys Income Tr | New | +326,981 | +$5.56M | 7.1% |
| SG Seritage Growth Pptys | Exited | −885,208 | −$2.49M | — |
| FB Falcons Beyond Global Inc | Exited | −18,749 | −$38.2K | — |
| Spectral Ai Inc | Exited | −45,766 | −$25.6K | — |
| Satellogic Inc | Exited | −8,332 | −$10K | — |
| Suncar Technology Group Inc | Exited | −38,700 | −$9.39K | — |
Showing the 10 largest of 15 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Forward Air Corp | Trimmed | −1,693,098 | −$28.3M | 11.6% |
| LP Louisiana Pac Corp | New | +160,600 | +$11.7M | 11.1% |
| F& Floor & Decor Hldgs Inc | Exited | −130,000 | −$7.92M | — |
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −594,142 | −$3.83M | 13.4% |
| Servicetitan Inc | Trimmed | −42,646 | −$2.71M | 8.5% |
| Magnera Corp | Trimmed | −168,069 | −$1.6M | 21.8% |
| SG Seritage Growth Pptys | Trimmed | −45,914 | −$129K | 2.4% |
| BP Bolt Projs Hldgs Inc | Exited | −16,515 | −$272 | — |
| Allurion Technologies Inc | Exited | −3,827 | −$59 | — |
quarter ended December 31, 2025 · filed February 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −3,140,105 | −$25.7M | 11.9% |
| Servicetitan Inc | New | +184,844 | +$19.7M | 10.3% |
| Builders Firstsource Inc | Added | +103,671 | +$10.7M | 9.1% |
| Magnera Corp | Trimmed | −610,839 | −$9.25M | 20.5% |
| Forward Air Corp | Trimmed | −326,100 | −$8.15M | 31.6% |
| F& Floor & Decor Hldgs Inc | New | +130,000 | +$7.92M | 4.1% |
| Alight Inc | Exited | −1,475,859 | −$4.81M | — |
| AS Algoma Stl Group Inc | Added | +752,616 | +$3.09M | 7.4% |
| OP Office Pptys Income Tr | Exited | −230,897 | −$76K | — |
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −2,070,867 | −$18.4M | 26.6% |
| C& Cbl & Assoc Pptys Inc | Exited | −716,373 | −$18.2M | — |
| Builders Firstsource Inc | New | +67,000 | +$8.12M | 4.1% |
| A Asgn Inc | Exited | −114,959 | −$5.74M | — |
| Magnera Corp | Added | +400,742 | +$4.7M | 18.9% |
| Forward Air Corp | Trimmed | −169,421 | −$4.34M | 35.6% |
| AS Algoma Stl Group Inc | Added | +419,915 | +$1.49M | 4.8% |
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Forward Air Corp | New | +2,921,880 | +$71.7M | 34.1% |
| Forward Air Corp | Exited | −2,814,401 | −$56.5M | — |
| Magnera Corp | Added | +855,924 | +$10.3M | 16.1% |
| A Asgn Inc | Added | +78,559 | +$3.92M | 2.7% |
| AH Aveanna Healthcare Hldgs Inc | Added | +446,736 | +$2.34M | 19.9% |
| Emerald Holding Inc | Exited | −259,358 | −$1.02M | — |
| IT Ishares Tr | Exited | −200,000 | −$523K | — |
| AS Algoma Stl Group Inc | Added | +71,277 | +$491K | 7.4% |
| AS Algoma Stl Group Inc | Exited | −200,000 | −$10K | — |
| Satellogic Inc | Exited | −8,332 | −$4K | — |
Showing the 10 largest of 11 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Forward Air Corp | Added | +1,159,747 | +$23.3M | 29.4% |
| C& Cbl & Assoc Pptys Inc | Trimmed | −474,105 | −$12.6M | 9.9% |
| Magnera Corp | Added | +539,654 | +$9.8M | 18.4% |
| AS Algoma Stl Group Inc | Added | +722,138 | +$3.91M | 6.2% |
| A Asgn Inc | New | +36,400 | +$2.29M | 1.2% |
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −149,123 | −$808K | 21.3% |
| Alight Inc | Added | +25,000 | +$148K | 4.5% |
| AS Algoma Stl Group Inc | Trimmed | −300,000 | −$15K | — |
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Magnera Corp | New | +1,408,406 | +$25.6M | 12.9% |
| C& Cbl & Assoc Pptys Inc | Trimmed | −464,636 | −$13.7M | 17.7% |
| GC Glatfelter Corporation | Exited | −3,651,059 | −$6.57M | — |
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −402,257 | −$1.84M | 17.8% |
| AS Algoma Stl Group Inc | Added | +95,148 | +$931K | 7.3% |
| Emerald Holding Inc | Trimmed | −104,719 | −$505K | 0.6% |
| Forward Air Corp | Trimmed | −11,006 | −$355K | 26.9% |
| WI Ww Intl Inc | Exited | −232,500 | −$204K | — |
| OP Office Pptys Income Tr | Added | +140,000 | +$140K | 0.1% |
| NS Northern Star Invstmnt Corp | Exited | −8,000 | −$42 | — |
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tenet Healthcare Corp | Exited | −218,193 | −$29M | — |
| Forward Air Corp | Trimmed | −574,049 | −$20.3M | 29.8% |
| CW Chefs Whse Inc | Exited | −145,409 | −$5.69M | — |
| AH Aveanna Healthcare Hldgs Inc | Trimmed | −789,678 | −$4.11M | 21.4% |
| Emerald Holding Inc | Trimmed | −806,879 | −$4.03M | 0.9% |
| C& Cbl & Assoc Pptys Inc | Trimmed | −84,916 | −$2.14M | 21.1% |
| PP Plug Pwr Inc | Exited | −2,000,000 | −$1.88M | — |
| Alight Inc | Added | +93,500 | +$692K | 5.4% |
| SG Seritage Growth Pptys | Added | +97,211 | +$452K | 2.2% |
| AS Algoma Stl Group Inc | Added | +41,229 | +$422K | 7.2% |
Showing the 10 largest of 17 changes.
Loading...
