Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$186M in Q2 2013 → $707M 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 |
|---|---|---|---|---|
| Echostar Corp | 26.4% | Unchanged | 60,000,000 | $187M |
| Echostar Corp | 23.4% | Added 96% | 1,630,124 | $165M |
| Keel Infrastructure Corp | 21.3% | New | 26,285,000 | $151M |
| CS Core Scientific Inc New | 16.6% | New | 4,600,000 | $118M |
| Vistance Networks Inc | 5.9% | Trimmed 68% | 3,250,000 | $41.5M |
| Masterbrand Inc | 5.4% | Added 85% | 3,700,000 | $38.1M |
| SE Space Exploration Techn Corp Put | 0.6% | New | 23,500 | $4.02M |
| Forward Air Corp | 0.4% | New | 189,000 | $2.55M |
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 |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | Exited | −805,000 | −$524M | — |
| IQ Invesco Qqq Tr | Exited | −900,000 | −$519M | — |
| Keel Infrastructure Corp | New | +26,285,000 | +$151M | 21.3% |
| CS Core Scientific Inc New | New | +4,600,000 | +$118M | 16.6% |
| Vistance Networks Inc | Trimmed | −6,958,303 | −$88.9M | 5.9% |
| Echostar Corp | Added | +799,469 | +$81.1M | 23.4% |
| Global Business Travel Group | Exited | −7,800,000 | −$43.5M | — |
| Masterbrand Inc | Added | +1,700,000 | +$17.5M | 5.4% |
| B Bitfarms Ltd | Exited | −7,150,000 | −$13.9M | — |
| AM Ardagh Metal Packaging S A | Exited | −2,955,738 | −$12M | — |
Showing the 10 largest of 12 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS State Str SPDR S&P 500 ETF T | New | +805,000 | +$524M | 32.1% |
| IQ Invesco Qqq Tr | New | +900,000 | +$519M | 31.8% |
| Echostar Corp | Trimmed | −45,230,000 | −$165M | 13.4% |
| Echostar Corp | Trimmed | −614,345 | −$71.9M | 6.0% |
| Masterbrand Inc | New | +2,000,000 | +$16.6M | 1.0% |
| B Bitfarms Ltd | New | +7,150,000 | +$13.9M | 0.9% |
| AM Ardagh Metal Packaging S A | Trimmed | −2,394,262 | −$9.7M | 0.7% |
| Vistance Networks Inc | Added | +398,444 | +$7.25M | 11.4% |
| Global Business Travel Group | Added | +661,418 | +$3.69M | 2.7% |
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Echostar Corp | Trimmed | −1,153,216 | −$125M | 20.5% |
| Echostar Corp | Trimmed | −26,970,000 | −$91.4M | 46.4% |
| AM Ardagh Metal Packaging S A | Added | +4,375,000 | +$17.9M | 2.9% |
| CH Commscope Hldg Co Inc | Trimmed | −570,141 | −$10.3M | 23.2% |
quarter ended September 30, 2025 · filed February 05, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Echostar Corp | New | +2,598,216 | +$198M | 26.6% |
| Global Business Travel Group | New | +7,138,582 | +$57.7M | 7.7% |
| Echostar Corp | Added | +21,874,462 | +$53.7M | 43.5% |
| CH Commscope Hldg Co Inc | Added | +380,000 | +$5.88M | 21.6% |
| AM Ardagh Metal Packaging S A | New | +975,000 | +$3.89M | 0.5% |
| Tpi Composites Inc | Exited | −36,475,000 | −$2.48M | — |
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Exited | −1,575,000 | −$881M | — |
| IQ Invesco Qqq Tr | Exited | −265,000 | −$124M | — |
| Latam Airlines Group Sa | Exited | −3,000,000 | −$93.8M | — |
| Echostar Corp | Exited | −2,852,573 | −$73M | — |
| CH Commscope Hldg Co Inc | Added | +5,745,100 | +$47.6M | 38.6% |
| Echostar Corp | Added | +19,977,601 | +$23.4M | 60.3% |
| Tpi Composites Inc | Added | +8,000,000 | +$544K | 1.2% |
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 | New | +1,575,000 | +$881M | 67.8% |
| Talen Energy Corp | Exited | −1,450,000 | −$292M | — |
| IQ Invesco Qqq Tr | New | +265,000 | +$124M | 9.6% |
| Latam Airlines Group Sa | Trimmed | −888,228 | −$27.8M | 7.2% |
| CH Commscope Hldg Co Inc | Added | +1,534,325 | +$8.15M | 1.7% |
| Tpi Composites Inc | Trimmed | −2,000,000 | −$320K | 0.4% |
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Dish Network Corporation | Exited | −178,812,000 | −$156M | — |
| Echostar Corp | New | +90,347,937 | +$96M | 16.5% |
| Dish Network Corporation | Exited | −71,810,000 | −$57.5M | — |
| Echostar Corp | Added | +998,573 | +$22.9M | 11.2% |
| Tpi Composites Inc | Trimmed | −1,400,000 | −$357K | 1.3% |
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Talen Energy Corp | New | +1,450,000 | +$258M | 39.5% |
| Latam Airlines Group Sa | New | +3,888,228 | +$103M | 15.7% |
| Dish Network Corporation | Added | +55,000,000 | +$47.9M | 23.8% |
| Berry Global Group Inc | Exited | −522,000 | −$30.7M | — |
| CH Commscope Hldg Co Inc | New | +2,720,575 | +$16.6M | 2.5% |
| Tpi Composites Inc | Trimmed | −9,625,000 | −$5.35M | 2.7% |
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