Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$20.3B in Q2 2013 → $1.92B 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 |
|---|---|---|---|---|
| Rayonier Inc | 10.5% | Trimmed 12% | 9,491,347 | $202M |
| Mattel Inc | 8.9% | Trimmed 3.8% | 12,322,555 | $171M |
| CR Cnx Res Corp | 8.3% | Added 16% | 4,663,053 | $158M |
| People Inc | 7.5% | Trimmed 22% | 3,131,835 | $145M |
| Albertsons Companies Inc | 6.1% | Added 16% | 8,636,262 | $117M |
| Regeneron Pharmaceuticals | 5.0% | Added 17% | 152,322 | $95M |
| FB Fortune Brands Innovations I | 4.8% | Trimmed 22% | 1,687,109 | $92.6M |
| Kraft Heinz Co | 4.4% | Trimmed 8.6% | 3,607,946 | $85.2M |
| Abbott Laboratories | 4.0% | New | 840,747 | $76.3M |
| Fedex Corp | 3.2% | Trimmed 21% | 194,828 | $61M |
| Mgm Resorts International | 2.9% | Trimmed 30% | 1,169,513 | $55.9M |
| ES Empire St Rlty Tr Inc | 2.5% | Added 34% | 8,696,434 | $47M |
| Avantor Inc | 2.4% | Added 34% | 4,725,478 | $46.8M |
| Pvh Corporation | 2.4% | Trimmed 15% | 629,897 | $46.8M |
| LC Liberty Cap Corp | 2.2% | Added 46% | 1,935,424 | $41.7M |
| CI Cnh Indl N V | 2.1% | Trimmed 5.3% | 3,518,270 | $39.5M |
| ST Shenandoah Telecommunication | 2.1% | Trimmed 11% | 2,616,797 | $39.5M |
| WM White Mtns Ins Group Ltd | 1.8% | Trimmed 9.3% | 17,104 | $35.5M |
| GH Graham Hldgs Co | 1.7% | Trimmed 23% | 29,156 | $33.3M |
| AB Atlanta Braves Hldgs Inc | 1.6% | Trimmed 9.8% | 605,091 | $31.4M |
| Tripadvisor Inc | 1.6% | Trimmed 51% | 2,258,466 | $31M |
| FN Fidelity Natl Information Sv | 1.6% | Trimmed 7.1% | 769,137 | $29.9M |
| A Alexanders Inc | 1.4% | Unchanged | 99,013 | $27.3M |
| Boston Beer Inc | 1.3% | Added 23% | 146,043 | $25.9M |
| Clearwater Paper Corp | 1.3% | Added 0.9% | 1,539,556 | $24.1M |
| Dole PLC | 1.3% | Trimmed 9.4% | 1,752,155 | $24M |
| TM Tencent Music Entmt Group | 1.0% | New | 2,305,210 | $19.2M |
| NO New Oriental Ed & Technology | 1.0% | Trimmed 21% | 411,598 | $18.9M |
| KK Kaspi Kz Jsc | 1.0% | Trimmed 11% | 212,999 | $18.5M |
| AR Acm Resh Inc | 0.9% | Trimmed 82% | 139,478 | $17.7M |
| MI Magnum Ice Cream Co Nv | 0.9% | Trimmed 38% | 1,001,588 | $17.4M |
| Sharkninja Inc | 0.5% | Trimmed 75% | 63,234 | $9.63M |
| H World Group Ltd | 0.4% | Trimmed 11% | 205,682 | $8.58M |
| MR Melco Resorts And Entmnt Ltd | 0.4% | Trimmed 11% | 1,607,854 | $8.47M |
| Affiliated Managers Group | 0.1% | Unchanged | 5,562 | $1.88M |
| Cardinal Health Inc | 0.1% | Unchanged | 7,337 | $1.74M |
| LC Liberty Cap Corp | 0.1% | Trimmed 9.9% | 72,692 | $1.59M |
| LN Live Nation Entertainment In | 0.1% | Unchanged | 8,434 | $1.54M |
| Hyatt Hotels Corp | 0.1% | Unchanged | 7,733 | $1.5M |
| SH Schein Henry Inc | 0.1% | Unchanged | 17,038 | $1.42M |
| Xpo Inc | 0.1% | Unchanged | 6,336 | $1.3M |
| MS Madison Square Grdn Sprt Cor | 0.1% | Unchanged | 3,218 | $1.29M |
| Rxo Inc | 0.1% | Unchanged | 43,731 | $1.21M |
| PH Paypal Hldgs Inc | 0.1% | Unchanged | 22,463 | $970K |
| Enovis Corporation | 0.0% | Unchanged | 44,258 | $916K |
| Lazard Inc | 0.0% | Unchanged | 18,608 | $780K |
| Hdfc Bank Ltd | 0.0% | Unchanged | 10,462 | $270K |
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 |
|---|---|---|---|---|
| AR Acm Resh Inc | Trimmed | −643,422 | −$81.6M | 0.9% |
| Abbott Laboratories | New | +840,747 | +$76.3M | 4.0% |
| BR Bio Rad Labs Inc | Exited | −162,804 | −$45.4M | — |
| People Inc | Trimmed | −890,894 | −$41.1M | 7.5% |
| Tripadvisor Inc | Trimmed | −2,339,602 | −$32.1M | 1.6% |
| Sharkninja Inc | Trimmed | −187,432 | −$28.5M | 0.5% |
| Rayonier Inc | Trimmed | −1,271,296 | −$27.1M | 10.5% |
| FB Fortune Brands Innovations I | Trimmed | −466,176 | −$25.6M | 4.8% |
| Mgm Resorts International | Trimmed | −493,448 | −$23.6M | 2.9% |
| CR Cnx Res Corp | Added | +648,942 | +$22M | 8.3% |
Showing the 10 largest of 38 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Potlatchdeltic Corporation | Exited | −3,162,963 | −$126M | — |
| Rayonier Inc | Added | +5,083,702 | +$105M | 10.9% |
| Mattel Inc | Added | +4,241,829 | +$61.6M | 9.2% |
| Fedex Corp | Trimmed | −111,627 | −$39.8M | 4.3% |
| FB Fortune Brands Innovations I | Added | +975,182 | +$38M | 4.1% |
| DW Disney Walt Co | Exited | −317,175 | −$36.1M | — |
| AR Acm Resh Inc | Trimmed | −897,281 | −$35.3M | 1.5% |
| WM White Mtns Ins Group Ltd | Trimmed | −12,788 | −$28.1M | 2.0% |
| CR Cnx Res Corp | Trimmed | −721,713 | −$27.8M | 7.6% |
| Regeneron Pharmaceuticals | Trimmed | −35,130 | −$27.1M | 5.0% |
Showing the 10 largest of 31 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| I Iac Inc | Added | +1,221,829 | +$47.8M | 6.9% |
| Potlatchdeltic Corporation | Added | +1,031,209 | +$41M | 5.6% |
| H World Group Ltd | Trimmed | −645,490 | −$30.4M | 0.5% |
| Rayonier Inc | Added | +1,182,216 | +$25.6M | 5.5% |
| Sharkninja Inc | Trimmed | −218,152 | −$24.4M | 1.4% |
| MI Magnum Ice Cream Co Nv | New | +1,430,351 | +$22.7M | 1.0% |
| LP Louisiana Pac Corp | New | +272,123 | +$22M | 1.0% |
| AC Albertsons Cos Inc | Added | +1,222,843 | +$21M | 4.7% |
| NO New Oriental Ed & Technology | New | +379,561 | +$20.9M | 0.9% |
| Kraft Heinz Co | Added | +850,742 | +$20.6M | 4.8% |
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 |
|---|---|---|---|---|
| Rayonier Inc | New | +4,496,725 | +$119M | 6.1% |
| Hf Sinclair Corp | Exited | −1,751,822 | −$72M | — |
| Avantor Inc | New | +5,149,420 | +$64.3M | 3.3% |
| Potlatchdeltic Corporation | Added | +1,175,507 | +$47.9M | 4.4% |
| Hyatt Hotels Corp | Trimmed | −296,984 | −$42.2M | 0.1% |
| MR Melco Resorts And Entmnt Ltd | Trimmed | −4,386,852 | −$40.2M | 0.9% |
| MI Millicom Intl Cellular S A | Exited | −1,037,634 | −$38.9M | — |
| Pvh Corporation | Trimmed | −434,456 | −$36.4M | 4.0% |
| GL Gci Liberty Inc | New | +863,691 | +$32.2M | 1.6% |
| Angi Inc | Exited | −2,067,648 | −$31.6M | — |
Showing the 10 largest of 45 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AM Affiliated Managers Group In | Trimmed | −472,933 | −$93.1M | 0.1% |
| FB Fortune Brands Innovations I | New | +1,031,315 | +$53.1M | 2.7% |
| Pvh Corporation | Added | +764,168 | +$52.4M | 4.7% |
| Hf Sinclair Corp | Trimmed | −916,856 | −$37.7M | 3.6% |
| MI Millicom Intl Cellular S A | Trimmed | −980,339 | −$36.7M | 2.0% |
| DW Disney Walt Co | New | +290,330 | +$36M | 1.8% |
| AC Albertsons Cos Inc | Trimmed | −1,605,998 | −$34.5M | 3.8% |
| Angi Inc | New | +2,067,648 | +$31.6M | 1.6% |
| Kraft Heinz Co | Added | +1,212,280 | +$31.3M | 4.8% |
| AR Acm Resh Inc | New | +1,185,744 | +$30.7M | 1.5% |
Showing the 10 largest of 44 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Regeneron Pharmaceuticals | New | +114,880 | +$72.9M | 3.9% |
| Rtx Corporation | Exited | −524,993 | −$60.8M | — |
| AM Affiliated Managers Group In | Trimmed | −222,716 | −$37.4M | 4.3% |
| Tripadvisor Inc | New | +1,728,253 | +$24.5M | 1.3% |
| Mattel Inc | Trimmed | −793,410 | −$15.4M | 7.1% |
| AC Albertsons Cos Inc | Trimmed | −698,544 | −$15.4M | 5.9% |
| Mgm Resorts International | Trimmed | −480,184 | −$14.2M | 3.0% |
| I Iac Inc | Trimmed | −296,448 | −$13.6M | 6.0% |
| Oscar Health Inc | Trimmed | −1,034,299 | −$13.6M | 1.5% |
| MI Millicom Intl Cellular S A | Trimmed | −393,284 | −$11.9M | 3.3% |
Showing the 10 largest of 31 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| LN Live Nation Entertainment In | Trimmed | −869,299 | −$113M | 0.1% |
| Hf Sinclair Corp | New | +2,748,755 | +$96.3M | 4.5% |
| Kraft Heinz Co | New | +2,835,548 | +$87.1M | 4.1% |
| CR Cnx Res Corp | Trimmed | −1,684,858 | −$61.8M | 7.8% |
| MI Millicom Intl Cellular S A | New | +2,411,257 | +$60.3M | 2.8% |
| AC Albertsons Cos Inc | Added | +2,993,988 | +$58.8M | 5.3% |
| Warner Music Group Corp | Exited | −1,825,879 | −$57.2M | — |
| Warner Bros Discovery Inc | Exited | −6,671,354 | −$55M | — |
| LM Liberty Media Corp Del | Trimmed | −392,821 | −$26.7M | 0.5% |
| PH Paypal Hldgs Inc | Trimmed | −263,361 | −$22.5M | 2.3% |
Showing the 10 largest of 36 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kellanova | Exited | −1,969,069 | −$114M | — |
| AC Albertsons Cos Inc | New | +2,772,731 | +$51.2M | 2.4% |
| Warner Bros Discovery Inc | Trimmed | −4,160,040 | −$34.3M | 2.6% |
| CR Cnx Res Corp | Trimmed | −1,032,240 | −$33.6M | 9.5% |
| Fiserv Inc | Exited | −211,917 | −$31.6M | — |
| Ingles Markets Incorporated - | Exited | −440,648 | −$30.2M | — |
| Fedex Corp | Trimmed | −65,371 | −$17.9M | 5.7% |
| AM Affiliated Managers Group In | Trimmed | −70,420 | −$12.5M | 6.1% |
| Anywhere Real Estate Inc | Trimmed | −2,267,111 | −$11.5M | 0.8% |
| Warner Music Group Corp | Trimmed | −342,689 | −$10.7M | 2.7% |
Showing the 10 largest of 39 changes.
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