Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (43 quarters reported)
$137M in Q4 2015 → $5.1B 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 |
|---|---|---|---|---|
| Western Digital Corp | 17.0% | Trimmed 3.0% | 1,357,834 | $867M |
| ST Seagate Technology Hldngs Pl | 5.7% | Trimmed 44% | 301,162 | $291M |
| Unitedhealth Group Inc | 5.6% | Added 216% | 681,100 | $283M |
| Humana Inc | 4.9% | Added 82% | 628,251 | $250M |
| IP Icon Pub Ltd Co | 4.1% | Added 258% | 1,199,600 | $208M |
| Tfi International Inc | 4.0% | Added 4.2% | 1,418,409 | $204M |
| Equinox Gold Corp | 3.3% | Trimmed 9.7% | 17,531,248 | $170M |
| Advance Auto Parts Inc | 3.0% | Added 87% | 2,421,040 | $151M |
| BS Brookdale Sr Living Inc | 2.8% | Added 9.0% | 8,888,148 | $143M |
| Nucor Corp | 2.7% | Added 424% | 614,000 | $137M |
| BA British Amern Tob PLC | 2.6% | Added 36% | 2,166,000 | $134M |
| AS Arcelormittal Sa Luxembourg | 2.6% | Added 55% | 2,190,860 | $132M |
| Cvs Health Corp | 2.4% | Added 14% | 1,197,996 | $124M |
| Smurfit Westrock PLC | 2.4% | New | 2,608,298 | $121M |
| LP Louisiana Pac Corp | 2.3% | Added 37% | 1,521,859 | $120M |
| CD Centene Corp Del | 1.7% | Added 110% | 1,381,879 | $88.7M |
| RC Rocket Cos Inc | 1.7% | Added 77% | 5,543,600 | $87.3M |
| Alcoa Corp | 1.6% | Added 75% | 1,577,720 | $82.3M |
| Arcbest Corp | 1.5% | Added 32% | 535,746 | $76.9M |
| EH Elevance Health Inc Formerly | 1.5% | Added 209% | 191,500 | $74.1M |
| Xpo Inc | 1.4% | Added 10% | 352,702 | $72.4M |
| Rxo Inc | 1.4% | New | 2,583,655 | $71.3M |
| AS Algoma Stl Group Inc | 1.3% | Added 5.8% | 16,861,818 | $68.3M |
| FF Fedex Fght Hldg Co Inc | 1.3% | New | 451,700 | $68.2M |
| Jd.com Inc | 1.3% | Trimmed 12% | 2,670,542 | $68M |
| Werner Enterprises Inc | 1.2% | Added 147% | 1,366,167 | $59.6M |
| TP Turning Pt Brands Inc | 1.1% | Added 58% | 686,800 | $58.2M |
| W Wabtec | 1.1% | Unchanged | 215,400 | $58.1M |
| Mosaic Co | 1.1% | New | 2,680,000 | $56.8M |
| Molina Healthcare Inc | 1.1% | Added 43% | 243,300 | $55.6M |
| FB Fortune Brands Innovations I | 1.1% | Added 105% | 996,282 | $54.7M |
| Lkq Corp | 1.1% | Unchanged | 2,065,565 | $54.4M |
| Sunrun Inc | 1.0% | Added 23% | 3,694,548 | $49.4M |
| WI Winnebago Inds Inc | 1.0% | Added 33% | 1,559,231 | $48.7M |
| RD Rambus Inc Del | 0.9% | New | 342,600 | $45.5M |
| Ingevity Corp | 0.9% | Unchanged | 603,303 | $45M |
| GP Graphic Packaging Hldg Co | 0.8% | New | 4,099,800 | $43.3M |
| Teck Resources Ltd | 0.8% | New | 718,500 | $42.7M |
| GM General Mtrs Co | 0.8% | New | 499,497 | $38.5M |
| TI Thor Inds Inc | 0.7% | Unchanged | 461,864 | $34.7M |
| Talen Energy Corp | 0.6% | New | 80,300 | $30.9M |
| Las Vegas Sands Corp | 0.6% | Unchanged | 662,824 | $30.6M |
| Lyft Inc | 0.6% | Trimmed 50% | 2,062,351 | $30.1M |
| CN Cleveland-cliffs Inc New | 0.6% | Trimmed 85% | 3,083,157 | $29M |
| KT Knight-swift Transn Hldgs In | 0.6% | Unchanged | 366,095 | $28.5M |
| AS Academy Sports & Outdoors In | 0.5% | Trimmed 30% | 586,400 | $27.6M |
| Amazon Com Inc | 0.5% | New | 108,000 | $25.7M |
| RA Rayonier Advanced Matls Inc | 0.5% | Unchanged | 3,256,889 | $25.6M |
| Warrior Met Coal Inc | 0.4% | Added 77% | 253,559 | $20.6M |
| International Paper Co | 0.2% | New | 284,400 | $10.8M |
| Sandisk Corp | 0.1% | Trimmed 99% | 1,906 | $4.33M |
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 |
|---|---|---|---|---|
| Sandisk Corp | Trimmed | −164,594 | −$374M | 0.1% |
| ST Seagate Technology Hldngs Pl | Trimmed | −232,823 | −$225M | 5.7% |
| Unitedhealth Group Inc | Added | +465,700 | +$194M | 5.6% |
| CN Cleveland-cliffs Inc New | Trimmed | −17,662,400 | −$166M | 0.6% |
| IP Icon Pub Ltd Co | Added | +864,300 | +$150M | 4.1% |
| Smurfit Westrock PLC | New | +2,608,298 | +$121M | 2.4% |
| Humana Inc | Added | +283,451 | +$113M | 4.9% |
| Nucor Corp | Added | +496,788 | +$111M | 2.7% |
| Rxo Inc | New | +2,583,655 | +$71.3M | 1.4% |
| Advance Auto Parts Inc | Added | +1,122,900 | +$69.9M | 3.0% |
Showing the 10 largest of 48 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Western Digital Corp | Trimmed | −981,091 | −$265M | 12.3% |
| Sandisk Corp | Trimmed | −321,800 | −$204M | 3.4% |
| Alcoa Corp | Trimmed | −2,359,980 | −$157M | 1.9% |
| TI Tfi Intl Inc | New | +1,361,831 | +$148M | 4.8% |
| Warrior Met Coal Inc | Trimmed | −1,494,179 | −$139M | 0.4% |
| SA Sealed Air Corp New | Exited | −2,105,556 | −$87.2M | — |
| BM Barrick Mng Corp | Exited | −1,991,400 | −$86.7M | — |
| CN Cleveland-cliffs Inc New | Added | +8,387,327 | +$70.9M | 5.7% |
| Teck Resources Ltd | Exited | −1,393,516 | −$66.7M | — |
| Xpo Inc | New | +320,242 | +$62.3M | 2.0% |
Showing the 10 largest of 51 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Alcoa Corp | New | +3,263,300 | +$173M | 5.7% |
| TI Tfi Intl Inc | Exited | −1,098,362 | −$96.7M | — |
| BM Barrick Mng Corp | New | +1,991,400 | +$86.7M | 2.9% |
| CN Cleveland-cliffs Inc New | Added | +5,855,830 | +$77.8M | 5.4% |
| AG Alibaba Group Hldg Ltd | Exited | −406,930 | −$72.7M | — |
| Cvs Health Corp | New | +816,400 | +$64.8M | 2.1% |
| Sandisk Corp | Trimmed | −254,200 | −$60.3M | 3.8% |
| Intel Corp | Exited | −1,700,000 | −$57M | — |
| Equinox Gold Corp | Added | +3,589,200 | +$50.4M | 9.4% |
| Intel Corp | Exited | −1,346,800 | −$45.2M | — |
Showing the 10 largest of 45 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Western Digital Corp | Trimmed | −1,145,971 | −$138M | 12.3% |
| ST Seagate Technology Hldngs Pl | Trimmed | −391,400 | −$92.4M | 6.9% |
| Teck Resources Ltd | New | +2,018,700 | +$88.6M | 3.5% |
| Avis Budget Group | Exited | −415,584 | −$70.3M | — |
| Talen Energy Corp | Trimmed | −165,076 | −$70.2M | 1.6% |
| Advance Auto Parts Inc | Added | +795,290 | +$48.8M | 2.3% |
| CD Centene Corp Del | New | +1,338,299 | +$47.8M | 1.9% |
| Humana Inc | Added | +178,756 | +$46.5M | 2.9% |
| Intel Corp | New | +1,346,800 | +$45.2M | 1.8% |
| KH Kyndryl Hldgs Inc | Exited | −1,000,832 | −$42M | — |
Showing the 10 largest of 47 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Exited | −1,000,000 | −$469M | — |
| SS SPDR S&P 500 ETF Tr | Exited | −700,000 | −$392M | — |
| Nvidia Corporation | Exited | −2,000,000 | −$217M | — |
| Tesla Inc | Exited | −500,000 | −$130M | — |
| Cheniere Energy Inc | Exited | −500,000 | −$116M | — |
| ST Seagate Technology Hldngs Pl | Added | +520,846 | +$75.2M | 8.0% |
| CN Cleveland-cliffs Inc New | New | +8,385,600 | +$63.7M | 3.1% |
| BA British Amern Tob PLC | New | +1,346,400 | +$63.7M | 3.1% |
| Baidu Inc | Exited | −625,100 | −$57.5M | — |
| Intel Corp | Exited | −2,106,230 | −$47.8M | — |
Showing the 10 largest of 49 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Trimmed | −800,000 | −$448M | 14.3% |
| SG SPDR Gold Tr | Exited | −1,500,000 | −$363M | — |
| Nvidia Corporation | New | +2,000,000 | +$217M | 7.9% |
| Tesla Inc | New | +500,000 | +$130M | 4.7% |
| Cheniere Energy Inc | New | +500,000 | +$116M | 4.2% |
| TP Teva Pharmaceutical Inds Ltd | Exited | −4,208,741 | −$92.8M | — |
| Albemarle Corp | Exited | −1,000,000 | −$86.1M | — |
| TG Triumph Group Inc New | Exited | −3,323,178 | −$62M | — |
| Talen Energy Corp | Exited | −300,000 | −$60.4M | — |
| Vistra Corp | Exited | −425,414 | −$58.7M | — |
Showing the 10 largest of 50 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | New | +1,000,000 | +$511M | 15.3% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −500,000 | −$293M | 26.4% |
| Vistra Corp | Trimmed | −906,300 | −$125M | 1.8% |
| SG SPDR Gold Tr | Trimmed | −500,000 | −$121M | 10.9% |
| Jd.com Inc | Trimmed | −2,355,500 | −$81.7M | 1.3% |
| Talen Energy Corp | New | +300,000 | +$60.4M | 1.8% |
| SA Spirit Aerosystems Hldgs Inc | Exited | −1,494,080 | −$48.6M | — |
| Talen Energy Corp | Trimmed | −206,400 | −$41.6M | 2.6% |
| VE Vaneck ETF Trust | Exited | −781,982 | −$38.2M | — |
| New Fortress Energy Inc | Exited | −4,000,000 | −$36.4M | — |
Showing the 10 largest of 37 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Exited | −1,200,000 | −$575M | — |
| SS SPDR S&P 500 ETF Tr | Added | +1,000,000 | +$574M | 32.5% |
| SG SPDR Gold Tr | New | +2,000,000 | +$486M | 13.8% |
| IT Ishares Tr | Exited | −1,000,000 | −$203M | — |
| Talen Energy Corp | New | +643,130 | +$115M | 3.2% |
| SA Spirit Aerosystems Hldgs Inc | Trimmed | −2,928,920 | −$95.2M | 1.4% |
| Albemarle Corp | New | +1,000,000 | +$94.7M | 2.7% |
| Pdd Holdings Inc | New | +550,560 | +$74.2M | 2.1% |
| Fmc Corp | Exited | −1,141,018 | −$65.7M | — |
| Warrior Met Coal Inc | Added | +963,892 | +$61.6M | 2.6% |
Showing the 10 largest of 40 changes.
Loading...
