Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (39 quarters reported)
$431M in Q4 2016 → $5.27B 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 |
|---|---|---|---|---|
| Ares Management Corporation | 28.2% | Unchanged | 13,364,740 | $1.49B |
| SS State Str SPDR S&P 500 ETF T | 10.9% | Added 1.5% | 767,224 | $573M |
| JF Jefferies Finl Group Inc | 6.1% | Trimmed 30% | 6,429,337 | $321M |
| IQ Invesco Qqq Tr | 5.3% | Added 108% | 378,706 | $279M |
| SG SPDR Gold Tr | 4.3% | Added 4.7% | 617,825 | $228M |
| PA Polestar Automotive Hldg Uk | 3.7% | Unchanged | 10,341,261 | $194M |
| IT Ishares Tr | 2.5% | Trimmed 1.3% | 1,336,039 | $132M |
| SS Select Sector SPDR Tr | 2.4% | Added 205734% | 2,441,186 | $124M |
| Cme Group Inc | 2.0% | Unchanged | 471,846 | $104M |
| Nvidia Corporation | 1.8% | Added 1.5% | 475,444 | $95.1M |
| IT Ishares Tr | 1.8% | Added 2.9% | 859,205 | $93.7M |
| Alphabet Inc | 1.7% | Added 0.6% | 256,147 | $90.5M |
| Broadcom Inc | 1.7% | Added 0.3% | 237,514 | $89.7M |
| Arista Networks Inc | 1.6% | Added 0.1% | 490,822 | $83.4M |
| IT Ishares Tr | 1.6% | Added 2.6% | 877,332 | $83M |
| Block Inc | 1.3% | Added 0.2% | 909,320 | $69.1M |
| IT Ishares Tr | 1.2% | Added 0.5% | 780,473 | $62.4M |
| IT Ishares Tr | 1.0% | Trimmed 0.0% | 1,039,573 | $54.5M |
| Amazon Com Inc | 1.0% | Added 1.8% | 227,087 | $54.1M |
| SS SPDR Series Trust | 1.0% | Added 4.7% | 2,061,130 | $51.6M |
| GA Ge Aerospace | 0.9% | Added 3.5% | 127,866 | $47.8M |
| Jpmorgan Chase & Co | 0.9% | Added 1.9% | 145,973 | $47.8M |
| Microsoft Corp | 0.9% | Trimmed 0.8% | 125,950 | $47M |
| Meta Platforms Inc | 0.9% | Added 2.7% | 82,420 | $46.4M |
| Amphenol Corp | 0.9% | Added 14% | 259,128 | $45.7M |
| IT Ishares Tr | 0.8% | Trimmed 0.2% | 470,874 | $44.5M |
| IT Ishares Tr | 0.8% | Added 0.8% | 1,309,459 | $39.9M |
| Ww Grainger Inc | 0.6% | Trimmed 1.3% | 24,381 | $33.2M |
| American Express Co | 0.6% | Added 0.6% | 96,529 | $32.7M |
| VW Vanguard World Fd | 0.6% | Added 786% | 256,515 | $30.7M |
| D R Horton Inc | 0.6% | Added 0.0% | 186,534 | $30.4M |
| First Solar Inc | 0.6% | Trimmed 1.4% | 128,656 | $30.4M |
| Amgen Inc | 0.6% | Added 1.8% | 83,520 | $30.2M |
| Coca Cola Co | 0.5% | Added 0.5% | 312,741 | $25.4M |
| IT Ishares Tr | 0.5% | Trimmed 1.1% | 292,387 | $25.3M |
| Newmont Corp | 0.5% | Added 5.5% | 265,950 | $24.8M |
| Blackrock Inc | 0.5% | Added 0.4% | 25,223 | $24.3M |
| IT Ishares Tr | 0.4% | Trimmed 83% | 35,285 | $22.6M |
| Boston Scientific Corp | 0.3% | Added 23% | 412,532 | $17.6M |
| IE Invesco Exch Traded Fd Tr Ii | 0.3% | Trimmed 3.2% | 637,933 | $17.1M |
| IT Ishares Tr | 0.3% | Trimmed 20% | 148,967 | $16.4M |
| Intuit | 0.3% | Added 9.9% | 61,068 | $15.9M |
| IT Ishares Tr | 0.3% | Added 1.1% | 678,839 | $15.5M |
| Qualcomm Inc | 0.3% | Added 4.7% | 76,418 | $14.1M |
| IT Ishares Tr | 0.2% | Trimmed 6.2% | 118,215 | $12.1M |
| VI Vanguard Index Fds | 0.2% | Trimmed 3.2% | 16,547 | $11.4M |
| IT Ishares Tr | 0.2% | Added 12% | 137,118 | $11.3M |
| Costco Wholesale Corporation | 0.2% | Trimmed 2.4% | 10,478 | $9.8M |
| SS Select Sector SPDR Tr | 0.2% | Added 0.9% | 115,545 | $9.6M |
| Ulta Beauty Inc | 0.2% | Added 1.9% | 21,048 | $9.49M |
| CS Cisco Sys Inc | 0.2% | Added 5.5% | 72,272 | $8.49M |
| VS Vanguard Scottsdale Fds | 0.2% | Trimmed 5.7% | 105,496 | $8.34M |
| IT Ishares Tr | 0.1% | Added 6.4% | 71,821 | $7.86M |
| IT Ishares Tr | 0.1% | Trimmed 3.2% | 111,721 | $7.64M |
| SS Select Sector SPDR Tr | 0.1% | Trimmed 18% | 167,758 | $7.61M |
| IQ Invesco Qqq Tr Put | 0.1% | Added 25% | 10,000 | $7.36M |
| IT Ishares Tr | 0.1% | Trimmed 32% | 68,168 | $6.86M |
| TI Texas Instrs Inc | 0.1% | Added 8.6% | 22,589 | $6.73M |
| VS Vanguard Scottsdale Fds | 0.1% | Trimmed 6.0% | 84,549 | $6.36M |
| IT Ishares Tr | 0.1% | Added 2.4% | 128,918 | $6.36M |
Showing top 60 of 214 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 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IQ Invesco Qqq Tr | Added | +196,940 | +$145M | 5.3% |
| JF Jefferies Finl Group Inc | Trimmed | −2,817,744 | −$141M | 6.1% |
| SS Select Sector SPDR Tr | Added | +2,440,000 | +$124M | 2.4% |
| IT Ishares Tr | Trimmed | −171,656 | −$110M | 0.4% |
| SD SPDR Dow Jones Indl Average | Exited | −128,000 | −$59.3M | — |
| KH Kennedy-wilson Holdings Inc Com | Exited | −2,765,866 | −$29.9M | — |
| VW Vanguard World Fd | Added | +227,572 | +$27.2M | 0.6% |
| SG SPDR Gold Tr | Added | +27,763 | +$10.2M | 4.3% |
| SS State Str SPDR S&P 500 ETF T | Added | +11,256 | +$8.41M | 10.9% |
| Amphenol Corp | Added | +32,577 | +$5.74M | 0.9% |
Showing the 10 largest of 237 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PA Polestar Automotive Hldg Uk | New | +10,341,261 | +$190M | 3.9% |
| IT Ishares Tr | Exited | −103,000 | −$71.1M | — |
| SS Select Sector SPDR Tr | Exited | −466,000 | −$67.8M | — |
| IT Ishares Tr | Added | +194,458 | +$63.9M | 1.4% |
| SD SPDR Dow Jones Indl Average | New | +128,000 | +$59.3M | 1.2% |
| Unitedhealth Group Inc | Exited | −102,260 | −$33.8M | — |
| Amphenol Corp | New | +226,551 | +$28.6M | 0.6% |
| SG SPDR Gold Tr | Added | +43,283 | +$18.6M | 5.1% |
| SS SPDR Series Trust | Trimmed | −577,238 | −$14.4M | 1.0% |
| IT Ishares Tr | Added | +76,895 | +$8.49M | 0.4% |
Showing the 10 largest of 205 changes.
quarter ended December 31, 2025 · filed February 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Trimmed | −132,860 | −$91.2M | 9.2% |
| IQ Invesco Qqq Tr | Trimmed | −137,755 | −$85.1M | 2.0% |
| IT Ishares Tr | Trimmed | −107,000 | −$73.8M | 1.3% |
| SS Select Sector SPDR Tr | New | +466,000 | +$67.8M | 1.2% |
| Newmont Corp | New | +190,004 | +$19M | 0.3% |
| AP Air Prods & Chems Inc | Trimmed | −62,878 | −$15.5M | — |
| SS SPDR Series Trust | Trimmed | −1,978 | −$13.5M | 1.1% |
| SG SPDR Gold Tr | Added | +31,897 | +$12.6M | 3.8% |
| SA Ssga Active Tr | New | +239,835 | +$6.59M | 0.1% |
| Alphabet Inc | Trimmed | −20,660 | −$6.48M | 1.3% |
Showing the 10 largest of 179 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Trimmed | −3,647,028 | −$407M | 1.5% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −254,874 | −$170M | 10.4% |
| IT Ishares Tr | New | +210,000 | +$141M | 2.5% |
| SS Select Sector SPDR Tr | Exited | −550,000 | −$139M | — |
| I Ishares Inc | Exited | −680,000 | −$48.8M | — |
| Kennedy-wilson Holdings Inc | Added | +2,493,628 | +$19.5M | 0.4% |
| SG SPDR Gold Tr | Added | +37,013 | +$13.2M | 3.2% |
| IT Ishares Tr | Added | +114,325 | +$11.5M | 2.3% |
| IT Ishares Tr | Added | +87,406 | +$8.8M | 0.2% |
| Broadcom Inc | Trimmed | −26,118 | −$8.62M | 1.3% |
Showing the 10 largest of 229 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | Added | +3,676,952 | +$403M | 7.9% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −601,200 | −$371M | 11.5% |
| IT Ishares Tr | Exited | −691,000 | −$250M | — |
| SS Select Sector SPDR Tr | New | +550,000 | +$139M | 2.3% |
| I Ishares Inc | New | +680,000 | +$48.8M | 0.8% |
| SG SPDR Gold Tr | Added | +48,284 | +$14.7M | 2.4% |
| IT Ishares Tr | Added | +69,647 | +$6.91M | 1.9% |
| Unitedhealth Group Inc | Added | +18,420 | +$5.75M | 0.4% |
| GA Ge Aerospace | Added | +20,784 | +$5.35M | 0.4% |
| FT First Tr Exchng Traded Fd Vi | Exited | −210,426 | −$5.21M | — |
Showing the 10 largest of 236 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Vanguard Index Fds | Trimmed | −718,953 | −$369M | 0.2% |
| IQ Invesco Qqq Tr | Trimmed | −765,757 | −$359M | 2.8% |
| IT Ishares Tr | Exited | −400,000 | −$129M | — |
| SS SPDR S&P 500 ETF Tr | Trimmed | −223,312 | −$125M | 17.9% |
| IT Ishares Tr | Trimmed | −971,779 | −$106M | 1.5% |
| SS Select Sector SPDR Tr | Exited | −305,000 | −$71.5M | — |
| SS Select Sector SPDR Tr | Trimmed | −1,231,267 | −$61.3M | — |
| SS Select Sector SPDR Tr | Exited | −458,000 | −$60.4M | — |
| IT Ishares Tr | Trimmed | −487,153 | −$43.4M | 0.1% |
| American Express Co | New | +57,950 | +$15.6M | 0.3% |
Showing the 10 largest of 193 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Added | +1,587,073 | +$933M | 15.4% |
| IQ Invesco Qqq Tr | Added | +1,039,993 | +$536M | 7.5% |
| VI Vanguard Index Fds | Added | +719,910 | +$389M | 5.3% |
| IT Ishares Tr | New | +691,000 | +$280M | 3.7% |
| IT Ishares Tr | New | +400,000 | +$129M | 1.7% |
| IT Ishares Tr | Added | +1,051,789 | +$113M | 2.4% |
| SS Select Sector SPDR Tr | New | +458,000 | +$60.4M | 0.8% |
| SS Select Sector SPDR Tr | Added | +1,231,818 | +$59.5M | 0.8% |
| IT Ishares Tr | Added | +516,059 | +$52.1M | 0.8% |
| Arista Networks Inc | New | +396,831 | +$43.9M | 0.6% |
Showing the 10 largest of 181 changes.
quarter ended September 30, 2024 · filed March 31, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| JF Jefferies Finl Group Inc | New | +9,247,081 | +$569M | 12.8% |
| SS Select Sector SPDR Tr | New | +305,000 | +$68.9M | 1.5% |
| Broadcom Inc | Added | +225,759 | +$38.9M | 1.0% |
| SS SPDR S&P 500 ETF Tr | Added | +33,880 | +$19.4M | 4.9% |
| IT Ishares Tr | Trimmed | −154,176 | −$17.4M | 1.7% |
| SG SPDR Gold Tr | Added | +52,265 | +$12.7M | 2.0% |
| SS SPDR Ser Tr | Exited | −110,000 | −$10.4M | — |
| SS SPDR Ser Tr | Added | +398,297 | +$10.3M | 0.8% |
| VI Vanguard Intl Equity Index F | Added | +75,078 | +$8.99M | 0.2% |
| IT Ishares Tr | Added | +65,251 | +$6.61M | 2.2% |
Showing the 10 largest of 180 changes.
Loading...
