Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (48 quarters reported)
$135M in Q3 2014 → $2.56B 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 |
|---|---|---|---|---|
| Fiserv Inc | 6.9% | Added 36% | 3,601,046 | $177M |
| Colliers International Group Inc | 6.7% | Added 13% | 1,838,956 | $172M |
| F& Floor & Decor | 6.5% | Added 2.2% | 2,817,478 | $167M |
| Bread Financial Holdings Inc | 5.5% | Trimmed 46% | 1,310,339 | $142M |
| Kinsale Capital Group Inc | 5.1% | Trimmed 2.9% | 399,131 | $132M |
| Willscot Holdings | 5.0% | Trimmed 44% | 4,422,753 | $128M |
| Euronet Worldwide Inc | 4.9% | Trimmed 8.0% | 1,699,473 | $124M |
| Sunbelt Rentals Holdings Inc | 4.5% | Trimmed 30% | 1,548,907 | $116M |
| Ingersoll-rand Inc | 4.3% | Added 4.3% | 1,357,737 | $111M |
| Celanese | 4.1% | Trimmed 10% | 2,282,344 | $105M |
| Ensign Group Inc | 4.1% | Added 154% | 652,046 | $105M |
| Wex Inc | 4.0% | Added 8.8% | 728,088 | $103M |
| Vontier | 4.0% | Added 67% | 3,541,654 | $103M |
| Middleby Corp | 3.9% | Trimmed 23% | 730,564 | $101M |
| Ats Corp | 3.5% | Trimmed 37% | 3,084,567 | $88.8M |
| BC Brink's Company | 3.4% | Added 1551% | 916,120 | $86.6M |
| Service Corp International | 3.4% | Trimmed 2.7% | 1,130,526 | $85.9M |
| SS&C Technologies Holdings Inc | 2.9% | Added 4.8% | 1,212,057 | $75.2M |
| MH Medpace Hldgs Inc | 2.8% | Added 0.8% | 136,660 | $72.4M |
| Pennant Group | 2.5% | Added 8.3% | 1,714,462 | $63.3M |
| Cogent Communications Holdings | 2.3% | Trimmed 3.3% | 4,203,527 | $58.3M |
| Gildan Activewear Inc | 2.2% | Added 33% | 1,088,092 | $56.1M |
| Brunswick Corp | 2.2% | Trimmed 16% | 663,225 | $55.9M |
| Magna International Inc | 1.4% | Trimmed 11% | 531,211 | $34.9M |
| Tfi International Inc | 1.0% | Trimmed 83% | 181,390 | $26M |
| JH Jeld-wen Holdings Inc | 1.0% | Unchanged | 16,625,557 | $24.9M |
| Brp Inc. | 0.5% | Trimmed 5.4% | 222,220 | $13.6M |
| Patrick Industries Inc | 0.4% | Added 143% | 101,850 | $9.14M |
| Builders Firstsource Inc. | 0.3% | Added 1.2% | 96,090 | $8.6M |
| Itt Inc | 0.3% | Added 11% | 37,464 | $7.41M |
| Firstservice Corp | 0.1% | Added 50% | 18,650 | $2.65M |
| Synchrony Financial | 0.1% | Added 2.5% | 24,480 | $1.86M |
| Docebo Inc | 0.0% | Added 127% | 48,200 | $863K |
| Tennant Co | 0.0% | Trimmed 26% | 9,600 | $840K |
| Open Text Corp | 0.0% | Trimmed 1.9% | 26,110 | $578K |
| Clearwater Paper Corp | 0.0% | Added 63% | 26,000 | $408K |
| West Fraser Timber Co. Ltd. | 0.0% | Trimmed 58% | 5,750 | $389K |
| Gibraltar Industries Inc | 0.0% | New | 3,000 | $135K |
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 |
|---|---|---|---|---|
| Tfi International Inc | Trimmed | −901,552 | −$129M | 1.0% |
| Bread Financial Holdings Inc | Trimmed | −1,120,763 | −$121M | 5.5% |
| Willscot Holdings | Trimmed | −3,447,286 | −$99.5M | 5.0% |
| BC Brink's Company | Added | +860,620 | +$81.3M | 3.4% |
| Ensign Group Inc | Added | +394,886 | +$63.3M | 4.1% |
| Ats Corp | Trimmed | −1,812,102 | −$52.2M | 3.5% |
| Sunbelt Rentals Holdings Inc | Trimmed | −652,380 | −$48.8M | 4.5% |
| Fiserv Inc | Added | +957,378 | +$47M | 6.9% |
| Vontier | Added | +1,427,039 | +$41.4M | 4.0% |
| Middleby Corp | Trimmed | −212,950 | −$29.5M | 3.9% |
Showing the 10 largest of 39 changes.
quarter ended March 31, 2026 · filed May 19, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sunbelt Rentals Holdings Inc | New | +2,201,287 | +$143M | 5.4% |
| Fiserv Inc | Added | +2,396,167 | +$134M | 5.5% |
| Colliers International Group Inc | Added | +820,315 | +$87.7M | 6.5% |
| MH Medpace Hldgs Inc | Added | +132,770 | +$63.8M | 2.4% |
| Pennant Group | Added | +1,569,823 | +$47.8M | 1.8% |
| Kinsale Capital Group Inc | Added | +132,576 | +$45.3M | 5.3% |
| F& Floor & Decor | Added | +811,910 | +$41.2M | 5.2% |
| Encore Capital Group Inc | Trimmed | −582,380 | −$40.8M | 1.0% |
| Euronet Worldwide Inc | Added | +572,194 | +$38M | 4.6% |
| Wex Inc | Added | +246,923 | +$37.8M | 3.8% |
Showing the 10 largest of 39 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Brunswick Corp | Trimmed | −1,829,550 | −$136M | 3.6% |
| Celanese | Trimmed | −2,958,825 | −$125M | 4.0% |
| Carmax Inc | Exited | −2,707,477 | −$121M | — |
| Brp Inc. | Trimmed | −980,200 | −$69.4M | 2.3% |
| Bread Financial Holdings Inc | Trimmed | −732,114 | −$54.2M | 8.3% |
| Encore Capital Group Inc | Trimmed | −976,897 | −$53.1M | 2.3% |
| Middleby Corp | Trimmed | −344,821 | −$51.3M | 7.3% |
| Willscot Holdings | Trimmed | −2,546,385 | −$47.9M | 5.1% |
| Magna International Inc | Trimmed | −891,100 | −$47.5M | 2.5% |
| Tfi International Inc | Trimmed | −445,485 | −$46M | 6.3% |
Showing the 10 largest of 41 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Borgwarner Inc | Trimmed | −2,785,803 | −$122M | 1.1% |
| Open Text Corp | Trimmed | −3,101,343 | −$116M | 0.1% |
| Fiserv Inc | New | +777,450 | +$100M | 3.0% |
| Wex Inc | New | +592,200 | +$93.3M | 2.8% |
| Ensign Group Inc | New | +456,332 | +$78.8M | 2.4% |
| Amcor PLC | Exited | −8,400,523 | −$77.2M | — |
| Brp Inc. | Trimmed | −1,268,625 | −$77.1M | 3.2% |
| Willscot Holdings | Added | +3,645,350 | +$77M | 5.6% |
| Cogent Communications Holdings | Added | +1,811,222 | +$69.5M | 5.3% |
| Colliers International Group Inc | Trimmed | −434,400 | −$67.9M | 3.8% |
Showing the 10 largest of 44 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Berry Global Group | Exited | −2,381,600 | −$166M | — |
| Cogent Communications Holdings | Added | +2,631,134 | +$127M | 3.9% |
| Cvs Health Corp | Trimmed | −1,687,941 | −$116M | — |
| Amcor PLC | New | +8,400,523 | +$77.2M | 2.2% |
| Open Text Corp | Trimmed | −1,965,550 | −$57.4M | 2.7% |
| F& Floor & Decor | Added | +480,443 | +$36.5M | 5.0% |
| Brp Inc. | Trimmed | −630,150 | −$30.5M | 4.2% |
| Kinsale Capital Group Inc | Trimmed | −60,619 | −$29.3M | 2.8% |
| Willscot Holdings | Added | +927,555 | +$25.4M | 4.0% |
| Bread Financial Holdings Inc | Trimmed | −410,151 | −$23.4M | 6.0% |
Showing the 10 largest of 39 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tfi International Inc | Added | +1,069,752 | +$82.9M | 4.4% |
| SS&C Technologies Holdings Inc | Trimmed | −914,414 | −$76.4M | 2.4% |
| Middleby Corp | Trimmed | −401,152 | −$61M | 6.3% |
| Celanese | Added | +998,925 | +$56.7M | 7.2% |
| Brunswick Corp | Added | +800,157 | +$43.1M | 5.7% |
| Gildan Activewear Inc | Trimmed | −865,650 | −$38.3M | 2.2% |
| F& Floor & Decor | Added | +405,673 | +$32.6M | 4.0% |
| Brp Inc. | Added | +645,841 | +$21.8M | 3.4% |
| Cvs Health Corp | Trimmed | −254,550 | −$17.2M | 3.2% |
| Berry Global Group | Trimmed | −234,249 | −$16.4M | 4.7% |
Showing the 10 largest of 37 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Celanese | Added | +2,550,334 | +$177M | 6.3% |
| Berry Global Group | Trimmed | −1,297,930 | −$83.9M | 4.4% |
| Urban Outfitters Inc | Exited | −1,500,756 | −$57.5M | — |
| Bread Financial Holdings Inc | Trimmed | −842,622 | −$51.5M | 5.9% |
| Brp Inc. | Added | +668,607 | +$34M | 3.9% |
| Brunswick Corp | Added | +488,412 | +$31.6M | 5.0% |
| Gildan Activewear Inc | Trimmed | −536,950 | −$25.3M | 3.2% |
| Service Corp International | Trimmed | −299,350 | −$23.9M | 3.5% |
| Willscot Holdings | Added | +693,243 | +$23.2M | 3.1% |
| Vontier | Trimmed | −558,250 | −$20.4M | 2.4% |
Showing the 10 largest of 40 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Discover Financial Services | Exited | −871,212 | −$114M | — |
| Ats Corp | Added | +3,810,531 | +$111M | 6.2% |
| Willscot Holdings | New | +2,901,605 | +$109M | 2.6% |
| Gildan Activewear Inc | Trimmed | −1,229,050 | −$57.9M | 3.6% |
| SS&C Technologies Holdings Inc | Trimmed | −695,880 | −$51.6M | 3.7% |
| Celanese | Added | +314,250 | +$42.7M | 3.1% |
| Colliers International Group Inc | Trimmed | −236,800 | −$35.9M | 4.8% |
| Kinsale Capital Group Inc | Trimmed | −66,259 | −$30.8M | 2.9% |
| Revolve Group Inc | Trimmed | −1,027,949 | −$25.5M | 0.1% |
| Berry Global Group | Trimmed | −361,287 | −$24.6M | 6.4% |
Showing the 10 largest of 40 changes.
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