Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (43 quarters reported)
$176M in Q4 2015 → $147M 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 |
|---|---|---|---|---|
| SS State Str SPDR S&P Midcap 40 | 10.2% | Unchanged | 21,216 | $14.9M |
| Dell Technologies Inc | 9.2% | Trimmed 42% | 31,399 | $13.5M |
| MM Martin Marietta Matls Inc | 7.5% | Added 8.2% | 19,027 | $11M |
| Rb Global Inc | 6.7% | Unchanged | 83,881 | $9.77M |
| IE Invesco Exchange Traded Fd T | 6.6% | New | 45,800 | $9.74M |
| VI Valmont Inds Inc | 6.4% | Unchanged | 16,305 | $9.42M |
| Churchill Downs Inc | 5.8% | Added 23% | 94,570 | $8.48M |
| GH Generac Hldgs Inc | 4.9% | Trimmed 22% | 24,642 | $7.22M |
| IM Icu Med Inc | 4.5% | Unchanged | 45,466 | $6.67M |
| Pricesmart Inc | 4.2% | Unchanged | 31,875 | $6.23M |
| Onespaworld Holdings Limited | 4.2% | Unchanged | 215,808 | $6.09M |
| UT United Therapeutics Corp Del | 3.9% | Trimmed 7.0% | 10,664 | $5.78M |
| QN Qiagen Nv | 3.9% | Added 17% | 144,912 | $5.67M |
| Boyd Gaming Corp | 3.8% | Unchanged | 63,256 | $5.59M |
| LE Laureate Ed Inc | 3.5% | Unchanged | 142,010 | $5.16M |
| Azz Inc | 3.2% | Added 14% | 29,915 | $4.64M |
| Fti Consulting Inc | 2.6% | Added 15% | 25,854 | $3.85M |
| Gentex Corp | 2.4% | Added 35% | 137,571 | $3.48M |
| BH Berkshire Hathaway Inc Del | 2.3% | Unchanged | 6,632 | $3.32M |
| Evercore Inc | 1.4% | Unchanged | 6,225 | $2.13M |
| P Powerlaw Corp | 1.4% | New | 142,213 | $2.09M |
| Ebay Inc. | 1.3% | Trimmed 19% | 17,222 | $1.92M |
| SE Space Exploration Techn Corp | 0.1% | New | 1,000 | $171K |
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 |
|---|---|---|---|---|
| IE Invesco Exchange Traded Fd T | New | +45,800 | +$9.74M | 6.6% |
| Dell Technologies Inc | Trimmed | −22,500 | −$9.71M | 9.2% |
| P Powerlaw Corp | New | +142,213 | +$2.09M | 1.4% |
| GH Generac Hldgs Inc | Trimmed | −7,100 | −$2.08M | 4.9% |
| Churchill Downs Inc | Added | +17,600 | +$1.58M | 5.8% |
| Gentex Corp | Added | +35,493 | +$897K | 2.4% |
| QN Qiagen Nv | Added | +21,300 | +$833K | 3.9% |
| MM Martin Marietta Matls Inc | Added | +1,440 | +$830K | 7.5% |
| Azz Inc | Added | +3,700 | +$574K | 3.2% |
| Fti Consulting Inc | Added | +3,400 | +$507K | 2.6% |
Showing the 10 largest of 13 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MM Martin Marietta Matls Inc | Trimmed | −55,598 | −$32.7M | 9.1% |
| Churchill Downs Inc | Trimmed | −337,092 | −$30.3M | 6.1% |
| Mannkind Corp | Exited | −5,325,823 | −$30.2M | — |
| Dell Technologies Inc | Trimmed | −163,104 | −$26.8M | 7.8% |
| Pricesmart Inc | Trimmed | −129,101 | −$19.4M | 4.2% |
| Rb Global Inc | Trimmed | −192,239 | −$18.4M | 7.1% |
| LE Laureate Ed Inc | Trimmed | −498,908 | −$17.4M | 4.3% |
| GH Generac Hldgs Inc | Trimmed | −85,459 | −$16.7M | 5.4% |
| Boyd Gaming Corp | Trimmed | −198,014 | −$16.3M | 4.6% |
| UT United Therapeutics Corp Del | Trimmed | −25,558 | −$15.2M | 6.0% |
Showing the 10 largest of 27 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Fiserv Inc | Exited | −196,224 | −$25.3M | — |
| Six Flags Entertainment Corp | Exited | −821,782 | −$18.7M | — |
| Primo Brands Corporation | Exited | −807,547 | −$17.8M | — |
| CH Cannae Hldgs Inc | Trimmed | −781,990 | −$12.3M | 2.0% |
| FN Fidelity Natl Information Sv | Trimmed | −145,085 | −$9.64M | 1.9% |
| Azz Inc | New | +88,586 | +$9.49M | 2.1% |
| Mannkind Corp | Trimmed | −1,235,642 | −$7.01M | 6.7% |
| Churchill Downs Inc | Trimmed | −53,746 | −$6.12M | 10.4% |
| WF Webster Finl Corp | Trimmed | −93,465 | −$5.88M | 2.0% |
| IM Icu Med Inc | Trimmed | −29,472 | −$4.2M | 4.8% |
Showing the 10 largest of 28 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LH Lantheus Hldgs Inc | Exited | −344,444 | −$28.2M | — |
| UT United Therapeutics Corp Del | Trimmed | −24,097 | −$10.1M | 3.2% |
| Boyd Gaming Corp | Trimmed | −112,915 | −$9.76M | 4.2% |
| GH Generac Hldgs Inc | Trimmed | −57,739 | −$9.67M | 3.4% |
| Ebay Inc. | Trimmed | −103,696 | −$9.43M | 1.6% |
| Primo Brands Corporation | Trimmed | −420,586 | −$9.29M | 3.1% |
| CH Cannae Hldgs Inc | Trimmed | −439,745 | −$8.05M | 4.3% |
| MM Martin Marietta Matls Inc | Trimmed | −11,256 | −$7.09M | 8.8% |
| FN Fidelity Natl Information Sv | Trimmed | −99,723 | −$6.58M | 3.2% |
| WF Webster Finl Corp | Trimmed | −100,065 | −$5.95M | 2.5% |
Showing the 10 largest of 28 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Primo Brands Corporation | Trimmed | −862,600 | −$25.6M | 5.4% |
| QN Qiagen Nv | Added | +198,100 | +$9.52M | 2.2% |
| LH Lantheus Hldgs Inc | Added | +106,118 | +$8.69M | 4.2% |
| Mastercard Incorporated | Trimmed | −12,756 | −$7.17M | 1.5% |
| Fiserv Inc | Added | +31,451 | +$5.42M | 5.2% |
| MM Martin Marietta Matls Inc | Trimmed | −9,107 | −$5M | 7.4% |
| Onespaworld Holdings Limited | Added | +208,232 | +$4.25M | 2.6% |
| CH Cannae Hldgs Inc | Added | +180,351 | +$3.76M | 5.5% |
| UT United Therapeutics Corp Del | Trimmed | −10,517 | −$3.02M | 2.9% |
| Churchill Downs Inc | Trimmed | −29,442 | −$2.97M | 6.6% |
Showing the 10 largest of 28 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LH Lantheus Hldgs Inc | New | +238,326 | +$23.3M | 3.3% |
| Primo Brands Corporation | Trimmed | −597,767 | −$21.2M | 10.4% |
| Verisign Inc | Exited | −70,574 | −$14.6M | — |
| Onespaworld Holdings Limited | New | +655,600 | +$11M | 1.5% |
| BH Berkshire Hathaway Inc Del | Trimmed | −20,272 | −$10.8M | 2.2% |
| Fiserv Inc | Trimmed | −46,888 | −$10.4M | 5.3% |
| Churchill Downs Inc | Trimmed | −92,927 | −$10.3M | 7.4% |
| Mastercard Incorporated | Trimmed | −17,839 | −$9.78M | 2.4% |
| Ebay Inc. | Trimmed | −108,007 | −$7.32M | 2.3% |
| Laureate Education Inc | Trimmed | −334,045 | −$6.83M | 2.3% |
Showing the 10 largest of 29 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Primo Brands Corporation | New | +2,688,500 | +$82.7M | 9.5% |
| PW Primo Water Corporation | Exited | −3,187,831 | −$80.5M | — |
| AH Acadia Healthcare Company In | Exited | −532,992 | −$33.8M | — |
| CD Centene Corp Del | Exited | −231,188 | −$17.4M | — |
| Fiserv Inc | Trimmed | −84,039 | −$17.3M | 5.2% |
| Churchill Downs Inc | Trimmed | −76,815 | −$10.3M | 8.7% |
| BH Berkshire Hathaway Inc Del | Trimmed | −21,916 | −$9.93M | 2.6% |
| Mastercard Incorporated | Trimmed | −15,813 | −$8.33M | 3.0% |
| GH Generac Hldgs Inc | Added | +47,589 | +$7.38M | 3.6% |
| FN Fidelity Natl Information Sv | Trimmed | −86,294 | −$6.97M | 3.8% |
Showing the 10 largest of 29 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Six Flags Entertainment Corp | New | +1,141,773 | +$46M | 4.6% |
| GH Generac Hldgs Inc | New | +152,100 | +$24.2M | 2.4% |
| OA Oreilly Automotive Inc | Exited | −22,594 | −$23.9M | — |
| Dell Technologies Inc | New | +199,569 | +$23.7M | 2.4% |
| BR Bio Rad Labs Inc | Exited | −69,626 | −$19M | — |
| PW Primo Water Corporation | Added | +723,312 | +$18.3M | 8.1% |
| Boyd Gaming Corp | Trimmed | −163,019 | −$10.5M | 3.5% |
| BH Berkshire Hathaway Inc Del | Trimmed | −21,416 | −$9.86M | 3.3% |
| UT United Therapeutics Corp Del | Trimmed | −27,494 | −$9.85M | 4.1% |
| Mastercard Incorporated | Trimmed | −11,771 | −$5.81M | 3.2% |
Showing the 10 largest of 29 changes.
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