Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (43 quarters reported)
$93.9M in Q4 2014 → $1.13B 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 |
|---|---|---|---|---|
| YS Ypf Sociedad Anonima | 13.0% | Unchanged | 3,231,396 | $147M |
| Grupo Aeromexico Sab De Cv | 8.6% | Added 3.2% | 5,355,255 | $96.4M |
| KK Kaspi Kz Jsc | 8.1% | Trimmed 2.5% | 1,049,999 | $91M |
| AS Azul S A | 7.1% | New | 8,854,652 | $79.6M |
| AH Aercap Holdings Nv | 5.8% | Added 16% | 446,793 | $65.1M |
| PH Propetro Hldg Corp | 5.2% | Added 66% | 4,097,401 | $58.8M |
| DM D Market Electr Svcs & Tradi | 5.0% | Added 18% | 19,390,670 | $56.4M |
| Life Time Group Holdings Inc | 4.4% | Added 3.6% | 1,221,597 | $49.9M |
| II Irsa Inversiones Y Rep S A | 3.7% | Unchanged | 2,670,087 | $41.2M |
| CS Core Scientific Inc New | 3.5% | Trimmed 36% | 1,552,206 | $39.7M |
| DE Devon Energy Corp New | 3.5% | New | 952,565 | $39.4M |
| Lululemon Athletica Inc | 3.1% | Added 108% | 309,402 | $35.3M |
| Golar Lng Ltd | 3.0% | New | 682,493 | $34M |
| Usa Today Co Inc | 2.8% | Added 0.5% | 3,698,460 | $31.6M |
| Veon Ltd | 2.8% | Added 53% | 601,205 | $31.4M |
| T& Telephone & Data Sys Inc | 2.6% | Added 9.6% | 800,904 | $29.6M |
| Kyivstar Group Ltd | 2.4% | Unchanged | 1,666,276 | $26.9M |
| NH Nu Hldgs Ltd | 2.4% | Added 99% | 1,993,668 | $26.6M |
| VE Vista Energy S.a.b. De C.v. | 2.1% | Unchanged | 368,652 | $23.5M |
| SP Service Pptys Tr | 1.8% | New | 12,132,933 | $20.5M |
| Pampa Energia Sa | 1.7% | Unchanged | 232,138 | $19.1M |
| OE Okeanis Eco Tankers Cor | 1.5% | Unchanged | 343,729 | $17.2M |
| Geopark Ltd | 1.5% | Added 155% | 1,890,957 | $17.2M |
| Micron Technology Inc | 1.1% | Trimmed 53% | 10,750 | $12.4M |
| CI Cf Industries Hold | 1.1% | Added 37% | 110,780 | $12M |
| CS Cresud S A C I F Y A | 0.7% | Unchanged | 692,830 | $7.77M |
| TD Transportadora De Gas Del Su | 0.5% | Unchanged | 195,115 | $5.8M |
| Newmont Corp | 0.5% | Unchanged | 55,187 | $5.15M |
| Hafnia Ltd | 0.5% | New | 766,069 | $5.09M |
| Solana Co | 0.1% | Unchanged | 581,310 | $959K |
| VS Volatility Shs Tr | 0.0% | Unchanged | 58,000 | $428K |
| Stablecoinx Inc | 0.0% | New | 200,000 | $82K |
| Soundhound Ai Inc | 0.0% | Unchanged | 25,000 | $48K |
| AE Alliance Entertainment Holdi | 0.0% | Unchanged | 100,000 | $43.1K |
| ND Niocorp Devs Ltd | 0.0% | Unchanged | 15,356 | $21.5K |
| FH Fold Hldgs Inc | 0.0% | Unchanged | 187,500 | $19.2K |
| Bakkt Inc | 0.0% | Unchanged | 150,000 | $9.68K |
| Blacksky Technology Inc | 0.0% | Unchanged | 130,600 | $6.53K |
| Sunpower Inc | 0.0% | Unchanged | 37,500 | $5.16K |
| Pagaya Technologies Ltd | 0.0% | Unchanged | 66,666 | $3.5K |
| Psq Holdings Inc | 0.0% | Unchanged | 53,333 | $2.14K |
| SH Southland Hldgs Inc | 0.0% | Unchanged | 75,000 | $1.91K |
| Kidz Ai Inc | 0.0% | Unchanged | 150,000 | $1.89K |
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 |
|---|---|---|---|---|
| AS Azul S A | New | +8,854,652 | +$79.6M | 7.1% |
| Coterra Energy Inc | Exited | −1,360,808 | −$47.8M | — |
| DE Devon Energy Corp New | New | +952,565 | +$39.4M | 3.5% |
| Golar Lng Ltd | New | +682,493 | +$34M | 3.0% |
| PH Propetro Hldg Corp | Added | +1,632,488 | +$23.4M | 5.2% |
| CS Core Scientific Inc New | Trimmed | −860,748 | −$22M | 3.5% |
| SP Service Pptys Tr | New | +12,132,933 | +$20.5M | 1.8% |
| Lululemon Athletica Inc | Added | +160,700 | +$18.3M | 3.1% |
| Micron Technology Inc | Trimmed | −12,250 | −$14.1M | 1.1% |
| NH Nu Hldgs Ltd | Added | +993,668 | +$13.3M | 2.4% |
Showing the 10 largest of 24 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Coterra Energy Inc | New | +1,360,808 | +$47.8M | 5.7% |
| Usa Today Co Inc | New | +3,681,483 | +$26M | 3.1% |
| AH Aercap Holdings Nv | Added | +184,793 | +$25.3M | 6.2% |
| PH Propetro Hldg Corp | Added | +1,597,764 | +$23M | 4.2% |
| Kyivstar Group Ltd | New | +1,666,276 | +$16.9M | 2.0% |
| NH Nu Hldgs Ltd | New | +1,000,000 | +$14.4M | 1.7% |
| Veon Ltd | Added | +293,481 | +$13.6M | 2.2% |
| Life Time Group Holdings Inc | Added | +463,862 | +$12.5M | 3.8% |
| CI Cf Industries Hold | New | +80,780 | +$10.5M | 1.2% |
| PP Par Pac Holdings Inc | New | +150,000 | +$9.4M | 1.1% |
Showing the 10 largest of 21 changes.
quarter ended December 31, 2025 · filed February 18, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Grupo Aeromexico Sab De Cv | New | +4,996,720 | +$110M | 17.4% |
| PH Propetro Hldg Corp | Trimmed | −2,812,210 | −$26.7M | 1.3% |
| Lululemon Athletica Inc | New | +118,000 | +$24.5M | 3.9% |
| AL Air Lease Corp | Exited | −375,000 | −$23.9M | — |
| T& Telephone & Data Sys Inc | New | +573,005 | +$23.5M | 3.7% |
| Life Time Group Holdings Inc | New | +715,732 | +$19M | 3.0% |
| YS Ypf Sociedad Anonima | Trimmed | −374,137 | −$13.5M | 18.5% |
| AH Aercap Holdings Nv | Added | +90,000 | +$12.9M | 4.6% |
| CS Core Scientific Inc New | Added | +822,207 | +$12M | 4.7% |
| JF Jefferies Finl Group Inc | New | +108,747 | +$6.74M | 1.1% |
Showing the 10 largest of 19 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CS Core Scientific Inc New | New | +1,211,747 | +$21.7M | 5.3% |
| PH Propetro Hldg Corp | Added | +2,504,634 | +$13.1M | 4.7% |
| VE Vista Energy S.a.b. De C.v. | New | +368,652 | +$12.7M | 3.1% |
| IP Indivior PLC | Trimmed | −441,213 | −$10.6M | 1.2% |
| DM D Market Electr Svcs & Tradi | Added | +2,007,252 | +$5.4M | 10.4% |
| YS Ypf Sociedad Anonima | Added | +200,000 | +$4.86M | 21.2% |
| II Irsa Inversiones Y Rep S A | Added | +404,550 | +$4.79M | 7.6% |
| Newmont Corp | New | +55,187 | +$4.65M | 1.1% |
| II Irsa Inversiones Y Rep S A | Exited | −2,730,134 | −$4.59M | — |
| AH Aercap Holdings Nv | Added | +37,000 | +$4.48M | 3.2% |
Showing the 10 largest of 18 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Avis Budget Group | Trimmed | −74,643 | −$12.6M | 1.1% |
| KK Kaspi Kz Jsc | Added | +121,907 | +$10.3M | 24.4% |
| TD Transportadora De Gas Sur | Trimmed | −216,697 | −$5.61M | 1.5% |
| DM D Market Electr Svcs & Tradi | Added | +1,520,902 | +$4.11M | 10.0% |
| Veon Ltd | Added | +47,463 | +$2.19M | 1.1% |
| BR B. Riley Financial Inc | New | +52,000 | +$97.8K | — |
| AB Aspire Biopharma Hldgs Inc | New | +97,391 | +$26.2K | — |
| AB Aspire Biopharma Hldgs Inc | New | +99,692 | +$4.45K | — |
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DM D Market Electr Svcs & Tradi | Added | +9,667,225 | +$27.6M | 9.2% |
| NG Nebius Group N.v. | Exited | −539,867 | −$15M | — |
| KK Kaspi Kz Jsc | Added | +119,299 | +$11.1M | 23.1% |
| PH Propetro Hldg Corp | New | +1,174,725 | +$8.63M | 2.3% |
| TD Transportadora De Gas Sur | Trimmed | −195,406 | −$5.17M | 3.0% |
| Pbf Energy Inc | Added | +120,945 | +$2.31M | 0.9% |
| AG Alibaba Group Hldg Ltd | Exited | −25,000 | −$2.12M | — |
| Nio Inc | Exited | −150,000 | −$654K | — |
| FH Fold Hldgs Inc | New | +187,500 | +$139K | — |
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| KK Kaspi Kz Jsc | Added | +101,955 | +$9.66M | 19.8% |
| DM D Market Electr Svcs & Tradi | New | +2,746,358 | +$8.32M | 2.1% |
| NG Nebius Group N.v. | Added | +160,844 | +$4.46M | 3.7% |
| ES Embraer S.a. | Exited | −100,000 | −$3.54M | — |
| Nabors Industries Ltd | Trimmed | −56,575 | −$3.23M | 1.9% |
| AG Alibaba Group Hldg Ltd | Trimmed | −25,000 | −$2.12M | 0.5% |
| Veon Ltd | New | +42,703 | +$1.71M | 0.4% |
| II Irsa Inversiones Y Rep S A | Added | +78,269 | +$1.17M | 8.4% |
| LN Loma Negra C I A S A Mtn 14 | Exited | −117,247 | −$945K | — |
| FE Ftac Emerald Acquisition Cor | Exited | −187,500 | −$37.5K | — |
Showing the 10 largest of 20 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| KK Kaspi Kz Jsc | Added | +254,864 | +$27M | 26.8% |
| PE Pampa Energia S A | Trimmed | −215,000 | −$12.9M | 5.6% |
| OE Okeanis Eco Tankers Cor | New | +350,088 | +$11.5M | 4.0% |
| YS Ypf Sociedad Anonima | Added | +505,743 | +$10.7M | 24.9% |
| IP Indivior PLC | New | +641,210 | +$6.32M | 2.2% |
| ES Embraer S.a. | Trimmed | −150,000 | −$5.31M | 1.2% |
| AG Alibaba Group Hldg Ltd | Trimmed | −49,000 | −$5.2M | 1.8% |
| II Irsa Inversiones Y Rep S A | New | +2,732,065 | +$2.95M | 1.0% |
| Pbf Energy Inc | New | +50,000 | +$1.55M | 0.5% |
| AS Azul S A | Exited | −292,300 | −$1.17M | — |
Showing the 10 largest of 15 changes.
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