Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$281M in Q2 2013 → $1.47B 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 |
|---|---|---|---|---|
| KL Kindercare Learning Cos Inc | 23.6% | Unchanged | 81,418,736 | $346M |
| Apollo Global Management Inc | 4.1% | Trimmed 17% | 509,278 | $60.3M |
| Ares Management Corp | 4.1% | Added 4.0% | 536,811 | $59.8M |
| Clarivate PLC | 3.8% | Unchanged | 25,583,059 | $55.3M |
| Brookfield Corp | 3.7% | Trimmed 7.1% | 1,290,543 | $55M |
| American Tower Corp | 3.5% | Trimmed 2.2% | 317,617 | $52M |
| Equinix Inc | 3.1% | Unchanged | 44,127 | $46M |
| Republic Services Inc | 3.1% | Trimmed 1.8% | 213,878 | $45.6M |
| NH Nu Holdings Ltd/cayman Islands | 3.1% | Unchanged | 3,357,586 | $44.9M |
| Blackstone Inc | 2.9% | Trimmed 3.4% | 359,105 | $42.3M |
| Union Pacific Corp | 2.9% | Trimmed 7.4% | 154,904 | $42.1M |
| WC Williams Cos Inc/the | 2.8% | Trimmed 13% | 555,236 | $41.3M |
| Kkr & Co Inc | 2.7% | Trimmed 2.7% | 437,867 | $40.2M |
| Atmos Energy Corp | 2.7% | Trimmed 3.1% | 230,844 | $39.8M |
| Waste Management Inc | 2.6% | Trimmed 2.7% | 169,284 | $37.7M |
| Sempra | 2.5% | Trimmed 2.4% | 400,785 | $37.2M |
| Cms Energy Corp | 2.5% | Trimmed 2.7% | 483,770 | $37M |
| American Water Works Co Inc | 2.5% | Trimmed 2.7% | 281,215 | $37M |
| FN Ferrovial Nv | 2.5% | Trimmed 3.1% | 521,376 | $36.1M |
| Csx Corp | 2.2% | Trimmed 22% | 693,580 | $33M |
| Old Dominion Freight Line Inc | 2.2% | Trimmed 18% | 150,084 | $32.5M |
| Tc Energy Corp | 1.6% | Trimmed 5.8% | 365,338 | $24.1M |
| Sba Communications Corp | 1.5% | Trimmed 8.2% | 127,069 | $22.4M |
| CP Canadian Pacific Kansas City L | 1.4% | Trimmed 3.6% | 243,940 | $21.1M |
| Tpg Inc | 1.4% | Trimmed 2.9% | 489,809 | $19.9M |
| Blue Owl Capital Inc | 1.2% | Trimmed 11% | 1,941,137 | $17M |
| Enbridge Inc | 0.8% | Trimmed 5.4% | 225,342 | $12.2M |
| BA Brookfield Asset Management Lt | 0.8% | Trimmed 13% | 269,350 | $12.1M |
| Life Time Group Holdings Inc | 0.6% | Trimmed 19% | 225,246 | $9.2M |
| Arcbest Corp | 0.6% | Trimmed 37% | 61,807 | $8.87M |
| GA Grupo Aeroportuario Del Centro | 0.6% | Added 445% | 78,415 | $8.87M |
| Royalty Pharma PLC | 0.6% | Added 81% | 157,944 | $8.86M |
| Robinhood Markets Inc | 0.6% | New | 83,261 | $8.35M |
| Adt Inc | 0.5% | Unchanged | 1,114,353 | $7.24M |
| Kinder Morgan Inc | 0.5% | Trimmed 14% | 225,468 | $7.21M |
| Restaurant Brands International | 0.5% | Added 76% | 94,390 | $6.84M |
| Xpo Inc | 0.4% | Trimmed 4.0% | 29,691 | $6.1M |
| MI Marriott International Inc/md | 0.4% | Added 52% | 14,906 | $5.52M |
| GA Grupo Aeroportuario Del Surest | 0.4% | Added 407% | 17,375 | $5.33M |
| Warner Music Group Corp | 0.3% | Added 103% | 185,173 | $5.01M |
| Mcdonald's Corp | 0.3% | Added 145% | 17,161 | $4.64M |
| Sony Group Corp | 0.3% | Added 121% | 194,300 | $3.9M |
| Royal Gold Inc | 0.2% | Added 159% | 18,056 | $3.6M |
| Wheaton Precious Metals Corp | 0.2% | Added 127% | 31,587 | $3.55M |
| Domino's Pizza Inc | 0.2% | Added 247% | 11,943 | $3.54M |
| Hilton Worldwide Holdings Inc | 0.2% | Added 95% | 10,495 | $3.47M |
| Dolby Laboratories Inc | 0.2% | Added 131% | 43,851 | $2.31M |
| Arm Holdings PLC | 0.1% | Trimmed 70% | 4,400 | $1.56M |
| Planet Fitness Inc | 0.1% | New | 27,668 | $1.44M |
| Interdigital Inc | 0.1% | Added 205% | 4,879 | $1.38M |
| Pembina Pipeline Corp | 0.0% | Unchanged | 9,270 | $428K |
| O Oneok Inc | 0.0% | Unchanged | 2,470 | $215K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Apollo Global Management Inc | Trimmed | −106,566 | −$12.6M | 4.1% |
| Csx Corp | Trimmed | −198,789 | −$9.45M | 2.2% |
| Robinhood Markets Inc | New | +83,261 | +$8.35M | 0.6% |
| Old Dominion Freight Line Inc | Trimmed | −33,958 | −$7.36M | 2.2% |
| GA Grupo Aeroportuario Del Centro | Added | +64,035 | +$7.24M | 0.6% |
| WC Williams Cos Inc/the | Trimmed | −79,828 | −$5.93M | 2.8% |
| Arcbest Corp | Trimmed | −36,990 | −$5.31M | 0.6% |
| GA Grupo Aeroportuario Del Surest | Added | +13,945 | +$4.28M | 0.4% |
| Brookfield Corp | Trimmed | −98,005 | −$4.17M | 3.7% |
| Royalty Pharma PLC | Added | +70,879 | +$3.97M | 0.6% |
Showing the 10 largest of 45 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Clarivate PLC | Exited | −25,583,059 | −$85.4M | — |
| Clarivate PLC | New | +25,583,059 | +$64.7M | 4.8% |
| NH Nu Holdings Ltd/cayman Islands | Added | +3,212,384 | +$46.2M | 3.6% |
| Ares Management Corp | Added | +79,343 | +$8.66M | 4.2% |
| Toast Inc | Exited | −185,085 | −$6.57M | — |
| Tc Energy Corp | Trimmed | −43,813 | −$5.31M | 3.5% |
| Blue Owl Capital Inc | Trimmed | −569,269 | −$5.2M | 1.5% |
| Apollo Global Management Inc | Added | +43,304 | +$4.82M | 5.1% |
| Arcbest Corp | Trimmed | −48,679 | −$4.79M | 0.7% |
| Blackstone Inc | Added | +37,656 | +$4.33M | 3.2% |
Showing the 10 largest of 46 changes.
quarter ended December 31, 2025 · filed February 06, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NH Nu Holdings Ltd/cayman Islands | Trimmed | −4,651,484 | −$77.9M | 0.2% |
| Ares Capital Corp | Exited | −1,767,154 | −$36.1M | — |
| Canadian National Railway Co | Exited | −307,025 | −$28.9M | — |
| Crown Castle Inc | Exited | −252,671 | −$24.4M | — |
| CP Canadian Pacific Kansas City L | New | +263,598 | +$19.4M | 1.3% |
| Brookfield Corp | Added | +351,800 | +$16.1M | 4.1% |
| Apollo Global Management Inc | Trimmed | −87,023 | −$12.6M | 5.6% |
| Ares Management Corp | Added | +75,187 | +$12.2M | 4.8% |
| BA Brookfield Asset Management Lt | New | +231,951 | +$12.2M | 0.8% |
| Blue Owl Capital Inc | Added | +805,112 | +$12M | 2.8% |
Showing the 10 largest of 49 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NH Nu Holdings Ltd/cayman Islands | Added | +4,642,407 | +$74.3M | 4.3% |
| Brookfield Corp | Added | +313,313 | +$21.5M | 3.7% |
| Global Blue Group Holding Ag | Exited | −2,771,206 | −$20.7M | — |
| Adt Inc | Trimmed | −1,383,650 | −$12.1M | 0.5% |
| Canadian National Railway Co | Trimmed | −111,356 | −$10.5M | 1.6% |
| Ferrovial Se | Trimmed | −158,939 | −$9.08M | 1.6% |
| Atmos Energy Corp | Trimmed | −51,456 | −$8.79M | 2.6% |
| Sempra | Trimmed | −88,664 | −$7.98M | 1.9% |
| American Water Works Co Inc | Trimmed | −57,236 | −$7.97M | 2.8% |
| Blackstone Inc | Trimmed | −41,081 | −$7.02M | 3.0% |
Showing the 10 largest of 32 changes.
quarter ended June 30, 2025 · filed August 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NH Nu Holdings Ltd/cayman Islands | Trimmed | −4,642,407 | −$63.7M | 0.1% |
| Golub Capital Bdc Inc | Exited | −2,000,926 | −$30.3M | — |
| Blue Owl Capital Inc | Added | +892,582 | +$17.1M | 1.6% |
| CG Carlyle Group Inc/the | Exited | −306,496 | −$13.4M | — |
| Adt Inc | Trimmed | −1,517,481 | −$12.9M | 1.0% |
| Csx Corp | Trimmed | −376,346 | −$12.3M | 1.2% |
| Tc Energy Corp | Trimmed | −230,508 | −$11.2M | 1.2% |
| Republic Services Inc | Trimmed | −38,300 | −$9.45M | 2.4% |
| American Tower Corp | Trimmed | −42,295 | −$9.35M | 3.4% |
| Ferrovial Se | Trimmed | −156,666 | −$8.32M | 1.6% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Clarivate PLC | Exited | −25,583,059 | −$130M | — |
| Clarivate PLC | New | +25,583,059 | +$101M | 4.2% |
| Sempra | Added | +292,123 | +$20.8M | 1.6% |
| Global Blue Group Holding Ag | New | +2,771,206 | +$20.4M | 0.9% |
| Ares Management Corp | Added | +134,778 | +$19.8M | 2.4% |
| Global Blue Group Holding Ag | Exited | −2,771,206 | −$19.2M | — |
| Kkr & Co Inc | Added | +121,564 | +$14.1M | 2.4% |
| Atmos Energy Corp | Added | +89,630 | +$13.9M | 2.4% |
| Blackstone Inc | Added | +83,921 | +$11.7M | 2.1% |
| Tpg Inc | Added | +183,570 | +$8.71M | 1.0% |
Showing the 10 largest of 39 changes.
quarter ended December 31, 2024 · filed February 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kindercare Learning Companies, Inc. | New | +81,418,736 | +$1.45B | 51.9% |
| NH Nu Holdings Ltd/cayman Islands | Exited | −6,316,290 | −$86.2M | — |
| NH Nu Holdings Ltd/cayman Islands | New | +4,796,686 | +$49.7M | 1.8% |
| Apollo Global Management Inc | Trimmed | −216,327 | −$35.7M | 3.3% |
| Kkr & Co Inc | Trimmed | −183,108 | −$27.1M | 2.0% |
| Blue Owl Capital Inc | New | +781,132 | +$18.2M | 0.7% |
| Republic Services Inc | Trimmed | −68,418 | −$13.8M | 2.0% |
| Blackstone Inc | Trimmed | −74,796 | −$12.9M | 1.6% |
| Waste Management Inc | Added | +59,769 | +$12.1M | 1.3% |
| Tc Energy Corp | Trimmed | −236,884 | −$11.1M | 1.0% |
Showing the 10 largest of 36 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Aon PLC | Exited | −338,985 | −$99.5M | — |
| NH Nu Holdings Ltd/cayman Islands | New | +6,316,290 | +$86.2M | 5.6% |
| NH Nu Holdings Ltd/cayman Islands | Exited | −6,316,290 | −$81.4M | — |
| Ferrovial Se | New | +845,983 | +$32.6M | 2.1% |
| Republic Services Inc | Added | +101,831 | +$20.5M | 4.5% |
| Apollo Global Management Inc | Added | +162,678 | +$20.3M | 6.2% |
| FI Fortis Inc/canada | Trimmed | −407,402 | −$18.4M | — |
| Csx Corp | Added | +490,945 | +$17M | 2.7% |
| Old Dominion Freight Line Inc | Added | +81,230 | +$16.1M | 1.5% |
| Union Pacific Corp | Added | +61,555 | +$15.2M | 4.2% |
Showing the 10 largest of 41 changes.
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