Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$2.28B in Q2 2013 → $3.29B 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 |
|---|---|---|---|---|
| Everest Group Ltd | 11.3% | Trimmed 24% | 1,036,906 | $370M |
| Microsoft Corp | 11.2% | Trimmed 11% | 986,905 | $368M |
| Ryan Specialty Holdings Inc | 9.1% | Added 20% | 7,912,669 | $299M |
| Mastercard Incorporated | 7.9% | Added 31% | 502,961 | $258M |
| Amazon Com Inc | 7.2% | Trimmed 38% | 992,758 | $237M |
| Transdigm Group Inc | 6.9% | Trimmed 7.5% | 170,429 | $227M |
| Ares Management Corporation | 6.4% | Added 13% | 1,902,580 | $212M |
| Transunion | 5.9% | Trimmed 16% | 2,707,249 | $195M |
| Alphabet Inc | 5.8% | Trimmed 20% | 539,472 | $191M |
| Visa Inc | 4.8% | Trimmed 28% | 463,268 | $159M |
| Tpg Inc | 2.9% | Added 19% | 2,361,862 | $95.8M |
| MH Medpace Hldgs Inc | 2.3% | Trimmed 30% | 141,743 | $75.1M |
| EH Elevance Health Inc Formerly | 1.8% | Trimmed 47% | 155,873 | $60.3M |
| Servicenow Inc | 1.7% | Added 7.7% | 574,811 | $57.1M |
| IH Iqvia Hldgs Inc | 1.5% | Added 4.7% | 259,856 | $50.2M |
| Carmax Inc | 1.5% | Trimmed 59% | 912,638 | $48.3M |
| Fiserv Inc | 1.3% | Trimmed 18% | 893,965 | $43.8M |
| Nice Ltd | 1.3% | Trimmed 16% | 478,421 | $43.5M |
| HN Heico Corp New | 1.2% | Trimmed 14% | 153,718 | $39.6M |
| Jones Lang Lasalle Inc | 0.9% | Trimmed 12% | 96,258 | $29.8M |
| Unitedhealth Group Inc | 0.9% | Trimmed 93% | 67,309 | $28M |
| Salesforce Inc | 0.8% | Trimmed 17% | 164,013 | $25.7M |
| CI Colliers Intl Group Inc | 0.6% | Trimmed 17% | 211,910 | $19.9M |
| AI Abm Inds Inc | 0.6% | Trimmed 29% | 448,559 | $19.8M |
| Millerknoll Inc | 0.5% | Trimmed 37% | 838,151 | $17.1M |
| Qorvo Inc | 0.5% | Trimmed 33% | 181,315 | $16.9M |
| Equifax Inc | 0.4% | New | 90,748 | $14.4M |
| Genpact Limited | 0.4% | Trimmed 27% | 521,587 | $14.3M |
| Standardaero Inc | 0.4% | Trimmed 37% | 450,287 | $13.5M |
| Prog Holdings Inc | 0.4% | Trimmed 50% | 281,066 | $13.1M |
| FB Fortune Brands Innovations I | 0.4% | Trimmed 37% | 214,798 | $11.8M |
| Badger Meter Inc | 0.3% | New | 68,684 | $10.2M |
| Littelfuse Inc | 0.2% | Trimmed 78% | 17,448 | $7.94M |
| Ituran Location And Control | 0.2% | Trimmed 75% | 124,028 | $7.57M |
| VS Veeva Sys Inc | 0.1% | New | 21,240 | $3.77M |
| IT Ishares Tr | 0.1% | New | 7,011 | $1.75M |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Trimmed | −845,365 | −$351M | 0.9% |
| Amazon Com Inc | Trimmed | −603,110 | −$144M | 7.2% |
| Everest Group Ltd | Trimmed | −324,959 | −$116M | 11.3% |
| Carmax Inc | Trimmed | −1,292,238 | −$68.3M | 1.5% |
| Mastercard Incorporated | Added | +119,782 | +$61.5M | 7.9% |
| Visa Inc | Trimmed | −176,186 | −$60.4M | 4.8% |
| EH Elevance Health Inc Formerly | Trimmed | −140,898 | −$54.5M | 1.8% |
| Ryan Specialty Holdings Inc | Added | +1,317,334 | +$49.7M | 9.1% |
| Alphabet Inc | Trimmed | −137,084 | −$48.4M | 5.8% |
| Microsoft Corp | Trimmed | −122,086 | −$45.5M | 11.2% |
Showing the 10 largest of 37 changes.
quarter ended March 31, 2026 · filed May 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Costar Group Inc | Exited | −4,485,021 | −$302M | — |
| Salesforce Inc | Trimmed | −1,353,068 | −$253M | 1.0% |
| Transunion | Added | +2,144,821 | +$148M | 5.9% |
| Stanley Black & Decker Inc | Exited | −1,059,558 | −$78.8M | — |
| MH Medpace Hldgs Inc | Added | +155,762 | +$74.8M | 2.6% |
| Alphabet Inc | Trimmed | −255,323 | −$73.2M | 5.1% |
| Ryan Specialty Holdings Inc | Added | +1,974,256 | +$66.6M | 5.9% |
| Transdigm Group Inc | Trimmed | −56,392 | −$65.4M | 5.7% |
| Qorvo Inc | Trimmed | −834,541 | −$64.6M | 0.6% |
| Servicenow Inc | New | +533,817 | +$55.8M | 1.5% |
Showing the 10 largest of 42 changes.
quarter ended December 31, 2025 · filed March 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ryan Specialty Holdings Inc | Added | +3,989,502 | +$206M | 4.4% |
| Transunion | New | +1,062,584 | +$91M | 1.7% |
| MH Medpace Hldgs Inc | Trimmed | −152,866 | −$85.9M | 0.5% |
| IH Iqvia Hldgs Inc | Trimmed | −357,732 | −$80.6M | 1.3% |
| Ares Management Corporation | Added | +346,607 | +$56M | 5.0% |
| Alphabet Inc | Trimmed | −168,479 | −$52.9M | 5.4% |
| Costar Group Inc | Added | +653,412 | +$43.9M | 5.5% |
| Fiserv Inc | Added | +634,483 | +$42.6M | 1.8% |
| Unitedhealth Group Inc | Trimmed | −115,071 | −$38M | 6.6% |
| ST SS&C Technologies Hldgs Inc | Exited | −394,720 | −$35M | — |
Showing the 10 largest of 43 changes.
quarter ended September 30, 2025 · filed November 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cbre Group Inc | Exited | −1,491,792 | −$215M | — |
| Alphabet Inc | Trimmed | −650,058 | −$158M | 4.9% |
| Salesforce Inc | Added | +496,033 | +$118M | 6.7% |
| Fiserv Inc | New | +803,160 | +$103M | 1.9% |
| Jones Lang Lasalle Inc | Trimmed | −282,629 | −$84.3M | 1.1% |
| Everest Group Ltd | Added | +172,479 | +$60.4M | 9.0% |
| Carmax Inc | Added | +1,338,134 | +$60.1M | 1.9% |
| MH Medpace Hldgs Inc | Trimmed | −87,287 | −$45M | 1.9% |
| Elevance Health Inc | Added | +125,464 | +$40.6M | 2.5% |
| Skyworks Solutions Inc | Trimmed | −495,140 | −$38.1M | 0.4% |
Showing the 10 largest of 41 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Added | +1,069,239 | +$345M | 7.0% |
| Carlyle Group Inc | Exited | −5,180,438 | −$226M | — |
| Ares Management Corporation | Added | +1,082,259 | +$193M | 3.8% |
| IH Iqvia Hldgs Inc | New | +668,756 | +$114M | 2.0% |
| Salesforce Inc | Added | +344,762 | +$96.8M | 5.3% |
| Qorvo Inc | Trimmed | −1,057,351 | −$96.3M | 2.1% |
| Costar Group Inc | Trimmed | −1,116,993 | −$92.9M | 5.4% |
| Microsoft Corp | Trimmed | −174,645 | −$89.4M | 11.0% |
| Visa Inc | Trimmed | −233,619 | −$85.7M | 4.3% |
| Skyworks Solutions Inc | Trimmed | −974,473 | −$79.4M | 1.2% |
Showing the 10 largest of 41 changes.
quarter ended March 31, 2025 · filed May 08, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Skyworks Solutions Inc | Trimmed | −3,509,555 | −$227M | 2.2% |
| Everest Group Ltd | Added | +350,019 | +$127M | 9.1% |
| ST SS&C Technologies Hldgs Inc | Exited | −1,213,072 | −$91.9M | — |
| Tpg Inc | New | +1,819,376 | +$86.3M | 1.6% |
| Microsoft Corp | Added | +204,881 | +$76.9M | 9.8% |
| Stanley Black & Decker Inc | New | +938,140 | +$72.1M | 1.4% |
| MH Medpace Hldgs Inc | Added | +224,578 | +$68.3M | 1.9% |
| Cbre Group Inc | Trimmed | −460,505 | −$60.2M | 3.9% |
| LN Live Nation Entertainment In | Exited | −461,474 | −$59.8M | — |
| Mastercard Incorporated | Trimmed | −80,800 | −$44.3M | 5.9% |
Showing the 10 largest of 51 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kkr & Co Inc | Trimmed | −1,851,795 | −$274M | — |
| Everest Group Ltd | Added | +720,572 | +$261M | 5.9% |
| LN Live Nation Entertainment In | Trimmed | −2,001,707 | −$259M | 1.0% |
| Salesforce Inc | Trimmed | −638,648 | −$213M | 4.2% |
| Microsoft Corp | Added | +366,085 | +$154M | 8.4% |
| Skyworks Solutions Inc | Added | +1,194,782 | +$106M | 7.8% |
| Amazon Com Inc | Trimmed | −345,708 | −$75.8M | 7.1% |
| Carlyle Group Inc | Trimmed | −1,453,772 | −$73.4M | 4.5% |
| Qorvo Inc | Added | +902,353 | +$63.1M | 3.0% |
| Fiserv Inc | Trimmed | −298,224 | −$61.3M | 0.5% |
Showing the 10 largest of 51 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kkr & Co Inc | Trimmed | −1,070,350 | −$140M | 4.1% |
| Jones Lang Lasalle Inc | Trimmed | −475,257 | −$128M | 2.1% |
| Everest Group Ltd | New | +258,141 | +$101M | 1.7% |
| Cbre Group Inc | Trimmed | −702,661 | −$87.5M | 4.1% |
| Unitedhealth Group Inc | Exited | −167,470 | −$85.1M | — |
| Ares Management Corporation | Trimmed | −461,229 | −$71.9M | 1.8% |
| Starbucks Corp | Exited | −651,366 | −$50.7M | — |
| Qorvo Inc | Trimmed | −444,993 | −$46M | 2.9% |
| ST SS&C Technologies Hldgs Inc | Trimmed | −582,529 | −$43.2M | 1.7% |
| Skyworks Solutions Inc | Trimmed | −422,420 | −$41.7M | 6.8% |
Showing the 10 largest of 46 changes.
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