Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$904M in Q2 2013 → $630M 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 |
|---|---|---|---|---|
| GS Goldman Sachs ETF Tr | 13.7% | Trimmed 48% | 861,962 | $86.3M |
| BH Berkshire Hathaway Inc Del | 11.6% | Added 3.4% | 146,051 | $73.1M |
| Loews Corp | 8.1% | Trimmed 0.5% | 451,300 | $51.1M |
| FN Franco Nev Corp | 7.1% | Added 0.7% | 215,769 | $45M |
| Unilever PLC | 6.8% | Added 25% | 710,415 | $42.7M |
| Medtronic PLC | 5.2% | Added 37% | 419,227 | $32.8M |
| Verizon Communications Inc | 5.0% | Added 26% | 737,259 | $31.2M |
| ON Oneok Inc New | 4.9% | Trimmed 0.4% | 354,688 | $30.8M |
| Rayonier Inc | 4.4% | New | 1,292,504 | $27.5M |
| ER Eog Res Inc | 4.2% | Added 12% | 204,570 | $26.5M |
| Hubbell Inc | 4.0% | Added 111% | 48,418 | $25.3M |
| AP Air Products And Chemicals I | 3.4% | Added 102% | 72,303 | $21.2M |
| Travelers Companies Inc | 3.3% | Trimmed 8.3% | 62,212 | $20.5M |
| Nextera Energy Inc | 3.2% | New | 230,853 | $20.3M |
| Idex Corp | 3.2% | Added 0.0% | 88,158 | $20M |
| EE Emerson Elec Co | 2.8% | Trimmed 1.5% | 121,969 | $17.5M |
| Agnico Eagle Mines Ltd | 2.7% | Trimmed 21% | 111,548 | $17.3M |
| HI Honeywell Intl Inc | 2.0% | New | 53,815 | $12.5M |
| US Unified Ser Tr | 1.8% | Trimmed 2.3% | 300,070 | $11.2M |
| HA Honeywell Aerospace Inc | 1.6% | New | 46,139 | $10.2M |
| IT Ishares Tr | 0.4% | Trimmed 5.2% | 27,518 | $2.26M |
| SA Sprott Asset Management LP | 0.3% | Trimmed 4.0% | 62,280 | $1.88M |
| SA Sprott Asset Management LP | 0.3% | Trimmed 3.1% | 41,556 | $1.67M |
| AN Adam Nat Res Fd Inc | 0.1% | Trimmed 4.0% | 37,130 | $918K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GS Goldman Sachs ETF Tr | Trimmed | −791,905 | −$79.3M | 13.7% |
| Rayonier Inc | New | +1,292,504 | +$27.5M | 4.4% |
| HI Honeywell Intl Inc | Exited | −100,505 | −$22.7M | — |
| Nextera Energy Inc | New | +230,853 | +$20.3M | 3.2% |
| Hubbell Inc | Added | +25,449 | +$13.3M | 4.0% |
| HI Honeywell Intl Inc | New | +53,815 | +$12.5M | 2.0% |
| Sysco Corp | Exited | −164,437 | −$11.7M | — |
| AP Air Products And Chemicals I | Added | +36,478 | +$10.7M | 3.4% |
| HA Honeywell Aerospace Inc | New | +46,139 | +$10.2M | 1.6% |
| Medtronic PLC | Added | +114,210 | +$8.93M | 5.2% |
Showing the 10 largest of 26 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GS Goldman Sachs ETF Tr | Added | +1,205,480 | +$121M | 26.0% |
| Enbridge Inc | Exited | −489,731 | −$23.4M | — |
| Hershey Co | Exited | −113,593 | −$20.7M | — |
| Agnico Eagle Mines Ltd | Trimmed | −99,692 | −$20.2M | 4.5% |
| ST SS&C Technologies Hldgs Inc | Exited | −216,376 | −$18.9M | — |
| GH Ge Healthcare Technologies I | Exited | −214,999 | −$17.6M | — |
| Corteva Inc | Exited | −225,675 | −$15.1M | — |
| Cme Group Inc | Exited | −33,810 | −$9.23M | — |
| CS Cisco Sys Inc | Exited | −117,964 | −$9.09M | — |
| UN Ugi Corp New | Exited | −236,712 | −$8.86M | — |
Showing the 10 largest of 31 changes.
quarter ended December 31, 2025 · filed February 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unilever PLC | Exited | −644,085 | −$38.2M | — |
| Unilever PLC | New | +565,863 | +$37M | 5.9% |
| Verizon Communications Inc | New | +470,750 | +$19.2M | 3.1% |
| CN Comcast Corp New | Exited | −562,539 | −$17.7M | — |
| Enbridge Inc | Trimmed | −178,729 | −$8.55M | 3.8% |
| CS Cisco Sys Inc | Trimmed | −64,106 | −$4.94M | 1.5% |
| Corteva Inc | Trimmed | −70,533 | −$4.73M | 2.4% |
| HI Honeywell Intl Inc | Added | +22,856 | +$4.46M | 3.0% |
| Hubbell Inc | Added | +5,724 | +$2.54M | 1.6% |
| GS Goldman Sachs ETF Tr | Added | +24,196 | +$2.42M | 7.2% |
Showing the 10 largest of 33 changes.
quarter ended September 30, 2025 · filed October 29, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR Series Trust | Exited | −527,432 | −$48.4M | — |
| ON Oneok Inc New | Added | +351,556 | +$25.7M | 4.1% |
| ST SS&C Technologies Hldgs Inc | New | +219,526 | +$19.5M | 3.1% |
| Idex Corp | New | +57,984 | +$9.44M | 1.5% |
| GS Goldman Sachs ETF Tr | Trimmed | −71,656 | −$7.18M | 6.7% |
| Roper Technologies Inc | Exited | −11,226 | −$6.36M | — |
| Enbridge Inc | Trimmed | −58,021 | −$2.93M | 5.3% |
| BH Berkshire Hathaway Inc Del | Trimmed | −2,080 | −$1.05M | 11.3% |
| Loews Corp | Trimmed | −9,787 | −$983K | 7.3% |
| FN Franco Nev Corp | Trimmed | −3,975 | −$886K | 7.6% |
Showing the 10 largest of 33 changes.
quarter ended June 30, 2025 · filed July 30, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EE Emerson Elec Co | Added | +124,263 | +$16.6M | 2.7% |
| Sysco Corp | New | +174,160 | +$13.2M | 2.1% |
| IF International FLAVORS&FRAGRA | Exited | −148,467 | −$11.5M | — |
| Dupont De Nemours Inc | Exited | −135,806 | −$10.1M | — |
| AP Air Prods & Chems Inc | New | +35,641 | +$10.1M | 1.6% |
| Hubbell Inc | New | +17,323 | +$7.07M | 1.1% |
| Roper Technologies Inc | New | +11,226 | +$6.36M | 1.0% |
| Diageo PLC | Exited | −55,533 | −$5.82M | — |
| SS SPDR Series Trust | Trimmed | −53,393 | −$4.9M | 7.8% |
| GS Goldman Sachs ETF Tr | Trimmed | −24,385 | −$2.44M | 8.0% |
Showing the 10 largest of 36 changes.
quarter ended March 31, 2025 · filed April 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Agnico Eagle Mines Ltd | Trimmed | −291,283 | −$31.6M | 4.6% |
| SS SPDR Ser Tr | Added | +186,827 | +$17.1M | 8.9% |
| Dupont De Nemours Inc | Trimmed | −145,921 | −$10.9M | 1.7% |
| CS Cisco Sys Inc | Trimmed | −170,827 | −$10.5M | 2.0% |
| Merck & Co Inc | Exited | −97,746 | −$9.72M | — |
| HI Honeywell Intl Inc | Added | +44,419 | +$9.41M | 2.6% |
| Diageo PLC | Trimmed | −86,752 | −$9.09M | 1.0% |
| Hershey Co | Added | +50,290 | +$8.6M | 3.3% |
| UN Ugi Corp New | New | +238,860 | +$7.9M | 1.3% |
| FN Franco Nev Corp | Added | +49,907 | +$7.86M | 5.8% |
Showing the 10 largest of 33 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EC Equity Comwlth | Exited | −979,667 | −$19.5M | — |
| Diageo PLC | New | +142,285 | +$18.1M | 3.1% |
| GH Ge Healthcare Technologies I | New | +209,734 | +$16.4M | 2.8% |
| Merck & Co Inc | Trimmed | −122,717 | −$12.2M | 1.7% |
| Hershey Co | New | +64,948 | +$11M | 1.9% |
| Crown Castle Inc | Exited | −79,601 | −$9.44M | — |
| SS SPDR Ser Tr | Added | +103,165 | +$9.43M | 6.2% |
| Verizon Communications Inc | Trimmed | −233,957 | −$9.36M | 0.9% |
| Cme Group Inc | New | +33,924 | +$7.88M | 1.4% |
| HI Honeywell Intl Inc | New | +29,604 | +$6.69M | 1.2% |
Showing the 10 largest of 32 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Agnico Eagle Mines Ltd | Trimmed | −221,038 | −$17.8M | 7.6% |
| SS SPDR Ser Tr | Added | +117,254 | +$10.8M | 4.5% |
| Dupont De Nemours Inc | Trimmed | −105,082 | −$9.36M | 4.6% |
| Verizon Communications Inc | Trimmed | −161,008 | −$7.23M | 2.8% |
| GS Goldman Sachs ETF Tr | Added | +68,117 | +$6.83M | 9.1% |
| Crown Castle Inc | Trimmed | −49,562 | −$5.88M | 1.6% |
| BH Berkshire Hathaway Inc Del | Trimmed | −4,590 | −$2.11M | 11.8% |
| M& Merk & Co Inc | Trimmed | −13,575 | −$1.54M | 4.2% |
| Unilever PLC | Trimmed | −22,750 | −$1.48M | 7.4% |
| Loews Corp | Trimmed | −15,037 | −$1.19M | 6.5% |
Showing the 10 largest of 28 changes.
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