Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$230M in Q2 2013 → $620M 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 |
|---|---|---|---|---|
| Tidewater Inc | 31.3% | Trimmed 0.5% | 2,906,380 | $194M |
| Builders Firstsource Inc | 7.4% | Trimmed 2.6% | 510,158 | $45.6M |
| Five Point Holdings LLC | 5.9% | Unchanged | 6,964,320 | $36.7M |
| LI Lsb Inds Inc | 3.7% | Trimmed 0.0% | 2,119,699 | $22.9M |
| West Fraser Timber Co Ltd | 3.2% | Added 0.1% | 296,043 | $20M |
| CI Cavco Inds Inc Del | 3.2% | Added 0.0% | 32,396 | $19.9M |
| Asbury Automotive Group | 2.8% | Added 139% | 87,215 | $17.5M |
| WC Westlake Chem Corp | 2.8% | Added 62% | 235,379 | $17.2M |
| JF Jefferies Finl Group Inc | 2.6% | Added 0.1% | 328,279 | $16.4M |
| Aercap Holdings Nv | 2.5% | Added 0.0% | 106,516 | $15.5M |
| Insteel Industries Inc | 2.3% | Added 60% | 477,530 | $14.4M |
| AS Arcelormittal Sa Luxembourg | 2.3% | Added 0.0% | 236,658 | $14.3M |
| Western Digital Corp | 2.2% | Trimmed 53% | 21,771 | $13.9M |
| AN Amrep Corp New | 2.1% | Unchanged | 521,765 | $13.2M |
| CN Canadian Nat Res Ltd | 2.0% | Trimmed 2.3% | 316,591 | $12.5M |
| Navigator Holdings PLC | 1.6% | Unchanged | 535,531 | $9.98M |
| TP Travel Plus Leisure Co | 1.5% | Added 0.3% | 122,039 | $9.33M |
| RH Ryerson Hldg Corp | 1.5% | Added 92% | 369,849 | $9.1M |
| LE Lincoln Elec Hldgs Inc | 1.4% | Added 0.3% | 33,514 | $8.9M |
| Champion Homes Inc | 1.3% | Added 0.3% | 90,596 | $7.98M |
| MP Millrose Pptys Inc | 1.2% | Added 0.4% | 250,325 | $7.52M |
| Radnet Inc | 1.2% | Added 0.4% | 120,972 | $7.46M |
| Sandisk Corp | 1.1% | Trimmed 67% | 3,039 | $6.91M |
| AT Allison Transmission Hldgs Inc | 1.1% | Added 0.3% | 58,544 | $6.6M |
| Canadian Solar Inc | 1.0% | Added 0.5% | 400,100 | $6.41M |
| LP Louisiana Pac Corp | 1.0% | Added 0.2% | 79,351 | $6.24M |
| Teck Resources Inc | 1.0% | Unchanged | 100,000 | $5.95M |
| Seacor Marine Holdings Inc | 0.9% | Trimmed 7.1% | 713,219 | $5.46M |
| NN Noble Corp New | 0.9% | Unchanged | 145,268 | $5.42M |
| S2 Seadrill 2021 Ltd | 0.8% | Added 1.0% | 133,210 | $5.04M |
| AS Academy Sports & Outdoors In | 0.8% | Added 94% | 103,860 | $4.89M |
| DH Dana Holding Corp | 0.7% | Unchanged | 151,158 | $4.11M |
| ST Spotify Technology S A | 0.6% | Unchanged | 7,500 | $3.44M |
| U Haul Holding Company | 0.4% | Trimmed 8.5% | 43,000 | $2.48M |
| PL Preformed Line Prods Co | 0.4% | Unchanged | 5,935 | $2.44M |
| S Sea Ltd | 0.4% | Unchanged | 25,000 | $2.4M |
| CI Caci Intl Inc | 0.3% | Unchanged | 3,600 | $1.67M |
| RE Ranger Energy Svcs Inc | 0.3% | Unchanged | 100,000 | $1.6M |
| Morgan Stanley | 0.2% | Unchanged | 6,500 | $1.36M |
| Hudbay Minerals Inc | 0.2% | Unchanged | 55,000 | $1.3M |
| CC Civeo Corp Cda | 0.2% | New | 30,000 | $1.05M |
| A Amrize Ltd | 0.2% | Added 30% | 19,500 | $1.04M |
| AE Advanced Energy Inds | 0.2% | Unchanged | 2,725 | $1.02M |
| Geospace Technologies Corp | 0.1% | New | 128,436 | $870K |
| Alamos Gold Incorporated | 0.1% | Added 33% | 28,500 | $865K |
| Legacy Housing Corp | 0.1% | Trimmed 82% | 32,779 | $861K |
| PB Petroleo Brasileiro Sa Petro | 0.1% | Unchanged | 50,000 | $808K |
| Hilton Grand Vacations Inc | 0.1% | Unchanged | 15,010 | $786K |
| International Seaways Inc | 0.1% | Unchanged | 10,000 | $766K |
| Agnico Eagle Mines Ltd | 0.1% | Added 18% | 4,500 | $698K |
| Cummins Inc | 0.1% | Unchanged | 550 | $392K |
| Lifezone Metals Limited | 0.1% | Unchanged | 100,000 | $388K |
| SL Schlumberger Limited | 0.1% | Unchanged | 8,000 | $372K |
| Seneca Foods Corp | 0.1% | Unchanged | 1,982 | $345K |
| Valaris Limited | 0.0% | Unchanged | 4,244 | $308K |
| OM Orla Mng Ltd New | 0.0% | Added 100% | 30,000 | $294K |
| SP Stratus Pptys Inc | 0.0% | Unchanged | 8,100 | $233K |
| Central Securities Corp | 0.0% | Unchanged | 4,376 | $230K |
| Caterpillar Inc | 0.0% | New | 200 | $213K |
| MS Madison Square Garden Sport Corp | 0.0% | New | 500 | $201K |
Showing top 60 of 61 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Western Digital Corp | Trimmed | −24,773 | −$15.8M | 2.2% |
| Sandisk Corp | Trimmed | −6,217 | −$14.1M | 1.1% |
| Asbury Automotive Group | Added | +50,707 | +$10.2M | 2.8% |
| WC Westlake Chem Corp | Added | +90,375 | +$6.6M | 2.8% |
| Insteel Industries Inc | Added | +179,720 | +$5.43M | 2.3% |
| RH Ryerson Hldg Corp | Added | +177,549 | +$4.37M | 1.5% |
| Legacy Housing Corp | Trimmed | −148,588 | −$3.9M | 0.1% |
| AS Academy Sports & Outdoors In | Added | +50,430 | +$2.38M | 0.8% |
| Builders Firstsource Inc | Trimmed | −13,439 | −$1.2M | 7.4% |
| CC Civeo Corp Cda | New | +30,000 | +$1.05M | 0.2% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LI Lsb Inds Inc | Trimmed | −1,200,998 | −$17.9M | 4.9% |
| WC Westlake Chem Corp | Trimmed | −111,240 | −$13M | 2.6% |
| Western Digital Corp | Trimmed | −38,289 | −$10.4M | 2.0% |
| Builders Firstsource Inc | Added | +96,606 | +$7.95M | 6.7% |
| Technipfmc PLC | Exited | −156,251 | −$6.96M | — |
| Sandisk Corp | Trimmed | −9,858 | −$6.26M | 0.9% |
| AS Arcelormittal Sa Luxembourg | Trimmed | −102,140 | −$5.31M | 1.9% |
| S2 Seadrill 2021 Ltd | Added | +112,950 | +$5.14M | 0.9% |
| Valaris Limited | Trimmed | −50,000 | −$4.9M | 0.1% |
| RH Ryerson Hldg Corp | New | +192,300 | +$4.32M | 0.7% |
Showing the 10 largest of 46 changes.
quarter ended December 31, 2025 · filed February 19, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LI Lsb Inds Inc | Trimmed | −936,825 | −$7.96M | 5.1% |
| WC Westlake Chem Corp | Added | +74,393 | +$5.5M | 3.4% |
| Navigator Holdings PLC | Trimmed | −200,000 | −$3.46M | 1.7% |
| Canadian Solar Inc | Trimmed | −133,700 | −$3.18M | 1.5% |
| PL Preformed Line Prods Co | Trimmed | −12,549 | −$2.59M | 0.2% |
| Seneca Foods Corp | Trimmed | −21,788 | −$2.41M | — |
| Sandisk Corp | Trimmed | −7,898 | −$1.87M | 0.8% |
| Builders Firstsource Inc | Added | +13,012 | +$1.34M | 7.9% |
| MP Millrose Pptys Inc | Added | +38,245 | +$1.14M | 1.3% |
| Legacy Housing Corp | Trimmed | −32,300 | −$630K | 0.7% |
Showing the 10 largest of 48 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Amkor Technology Inc | Trimmed | −173,572 | −$4.93M | 0.1% |
| CI Cavco Inds Inc Del | Trimmed | −4,151 | −$2.41M | 3.2% |
| ON Olin Corp New | Trimmed | −77,674 | −$1.94M | 0.2% |
| AS Academy Sports & Outdoors In | Trimmed | −37,912 | −$1.9M | 0.5% |
| Five Point Holdings LLC | Added | +185,273 | +$1.14M | 7.4% |
| Technipfmc PLC | Trimmed | −19,805 | −$781K | 1.1% |
| U Haul Holding Company | Added | +14,900 | +$758K | 0.3% |
| AS Algoma Stl Group Inc | Exited | −90,000 | −$620K | — |
| JF Jefferies Finl Group Inc | Trimmed | −8,963 | −$586K | 3.8% |
| Cgi Inc | Added | +6,000 | +$535K | 0.3% |
Showing the 10 largest of 50 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MP Millrose Pptys Inc | New | +212,710 | +$6.06M | 1.0% |
| Tidewater Inc | Added | +94,902 | +$4.38M | 22.9% |
| CI Cavco Inds Inc Del | Trimmed | −4,181 | −$1.82M | 2.6% |
| WC Westlake Chem Corp | Added | +18,144 | +$1.37M | 2.3% |
| Amkor Technology Inc | Trimmed | −55,080 | −$1.16M | 0.7% |
| Technipfmc PLC | Trimmed | −17,430 | −$600K | 1.1% |
| CN Cleveland-cliffs Inc New | Exited | −65,000 | −$534K | — |
| Canadian Solar Inc | Trimmed | −3,255 | −$413K | 10.4% |
| Atkore Inc | Trimmed | −5,500 | −$388K | 0.1% |
| Alamos Gold Incorporated | Trimmed | −13,000 | −$345K | 0.2% |
Showing the 10 largest of 46 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| ST Spotify Technology S A | Trimmed | −19,500 | −$10.7M | 0.8% |
| Tidewater Inc | Added | +223,651 | +$9.45M | 24.2% |
| Technipfmc PLC | Trimmed | −288,355 | −$9.14M | 1.3% |
| Champion Homes Inc | Trimmed | −56,361 | −$5.34M | 1.4% |
| Asbury Automotive Group | New | +20,270 | +$4.48M | 0.9% |
| JF Jefferies Finl Group Inc | Trimmed | −64,316 | −$3.45M | 3.7% |
| West Fraser Timber Co Ltd | Trimmed | −33,694 | −$2.59M | 4.6% |
| Builders Firstsource Inc | Added | +19,578 | +$2.45M | 10.4% |
| Legacy Housing Corp | Added | +93,234 | +$2.35M | 1.1% |
| Seacor Marine Holdings Inc | Added | +303,537 | +$1.54M | 0.9% |
Showing the 10 largest of 46 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Radnet Inc | Trimmed | −85,965 | −$6M | 2.4% |
| DH Dana Holding Corp | Trimmed | −190,130 | −$2.2M | 0.4% |
| Canadian Solar Inc | Added | +173,499 | +$1.93M | 1.0% |
| Tidewater Inc | Added | +28,083 | +$1.54M | 25.3% |
| U Haul Holding Company | Exited | −17,100 | −$1.32M | — |
| AN Amrep Corp New | Trimmed | −41,691 | −$1.31M | 2.8% |
| U Haul Holding Company | New | +17,100 | +$1.1M | 0.2% |
| Seacor Marine Holdings Inc | Trimmed | −126,970 | −$833K | 0.6% |
| CI Cavco Inds Inc Del | Trimmed | −1,416 | −$632K | 3.2% |
| Builders Firstsource Inc | Trimmed | −3,398 | −$486K | 9.9% |
Showing the 10 largest of 44 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Five Point Holdings LLC | Added | +6,440,000 | +$26.7M | 4.2% |
| Tidewater Inc | Added | +71,173 | +$5.11M | 28.5% |
| UM U M H Properties Inc | Exited | −294,610 | −$4.71M | — |
| AS Algoma Stl Group Inc | New | +150,000 | +$1.53M | 0.2% |
| Aercap Holdings Nv | Added | +9,875 | +$935K | 1.6% |
| Builders Firstsource Inc | Trimmed | −3,672 | −$712K | 11.7% |
| Technipfmc PLC | Trimmed | −22,660 | −$594K | 2.0% |
| CN Cleveland-cliffs Inc New | New | +42,500 | +$543K | 0.1% |
| Radnet Inc | Trimmed | −7,585 | −$526K | 3.0% |
| Deere & Co | Exited | −1,000 | −$374K | — |
Showing the 10 largest of 44 changes.
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