Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (28 quarters reported)
$235M in Q3 2019 → $452M 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 |
|---|---|---|---|---|
| Lam Research Corporation | 10.5% | Unchanged | 109,000 | $47.2M |
| Steel Dynamics, Inc. | 8.6% | Unchanged | 168,747 | $38.7M |
| Alphabet, Inc. | 8.6% | Unchanged | 108,100 | $38.6M |
| Interactive Brokers Group, Inc. | 6.3% | Unchanged | 327,200 | $28.5M |
| Williams-sonoma, Inc. | 5.7% | Trimmed 0.9% | 111,000 | $25.9M |
| Mueller Industries, Inc. | 4.6% | Unchanged | 169,280 | $20.8M |
| Iamgold Corporation | 4.2% | Unchanged | 1,190,000 | $18.8M |
| United Rentals, Inc. | 3.9% | Unchanged | 15,409 | $17.5M |
| PC Progressive Corporation (the) | 3.9% | Added 25% | 79,765 | $17.4M |
| Nmi Holdings, Inc. | 3.6% | Unchanged | 396,095 | $16.3M |
| Clear Secure, Inc. | 3.6% | Unchanged | 289,135 | $16.1M |
| Microsoft Corporation | 3.3% | New | 39,775 | $14.8M |
| Essent Group Ltd. | 3.1% | Unchanged | 214,500 | $13.8M |
| Lpl Financial Holdings, Inc. | 2.9% | Unchanged | 46,500 | $13.1M |
| Qualys, Inc. | 2.7% | Unchanged | 88,641 | $12.2M |
| Dillard's, Inc. | 2.5% | Unchanged | 21,538 | $11.4M |
| Nutex Health, Inc. | 2.5% | Unchanged | 65,350 | $11.2M |
| Ameriprise Financial, Inc. | 2.2% | New | 21,990 | $10.1M |
| Duolingo, Inc. | 2.2% | New | 86,552 | $9.96M |
| White Mountains Insurance Group Ltd. | 2.2% | New | 4,800 | $9.95M |
| Nvr, Inc. | 1.6% | Unchanged | 1,062 | $7.24M |
| Godaddy, Inc. | 1.5% | New | 82,200 | $6.98M |
| Alarm.com Holdings, Inc. | 1.3% | Unchanged | 126,100 | $5.89M |
| Unitedhealth Group, Inc. | 1.2% | Unchanged | 13,500 | $5.61M |
| Mastercard, Inc. | 1.1% | Unchanged | 10,000 | $5.14M |
| Global Self Storage Inc. | 0.7% | Unchanged | 586,500 | $3.07M |
| Ssr Mining, Inc. | 0.6% | Unchanged | 95,000 | $2.69M |
| Jpmorgan Chase & Company | 0.5% | Unchanged | 6,800 | $2.23M |
| Aura Minerals, Inc. | 0.5% | Unchanged | 35,000 | $2.2M |
| Wheaton Precious Metals Corporation | 0.4% | Unchanged | 16,700 | $1.88M |
| B2gold Corporation | 0.4% | Unchanged | 475,000 | $1.78M |
| MM Mcewen Mining, Inc. | 0.4% | Unchanged | 97,500 | $1.77M |
| Royal Gold, Inc. | 0.4% | Unchanged | 8,400 | $1.68M |
| Kinross Gold Corporation | 0.4% | Unchanged | 68,500 | $1.62M |
| Extra Space Storage Inc | 0.3% | Unchanged | 10,027 | $1.46M |
| Berkshire Hathaway, Inc. | 0.3% | Unchanged | 2,500 | $1.25M |
| SG SPDR Gold Shares | 0.3% | Unchanged | 3,290 | $1.21M |
| Mediaalpha, Inc. | 0.2% | New | 65,102 | $818K |
| IS Ishares Silver Trust | 0.2% | Unchanged | 15,070 | $806K |
| Everquote, Inc. | 0.2% | Unchanged | 32,400 | $771K |
| Meta Platforms, Inc. | 0.1% | Unchanged | 1,150 | $648K |
| Nerdwallet, Inc. | 0.1% | New | 70,000 | $648K |
| Cubesmart | 0.1% | Unchanged | 14,000 | $557K |
| Public Storage | 0.1% | Unchanged | 1,700 | $541K |
| Build-a-bear Workshop, Inc. | 0.1% | Unchanged | 16,500 | $505K |
| Alphabet Inc | 0.0% | Unchanged | 574 | $205K |
| ME Mexico Equity & Income Fd | 0.0% | Unchanged | 6,000 | $78K |
| SO Special Opportunities Fd Inc | 0.0% | Unchanged | 2,093 | $28.2K |
| SC Saba Capital Income & Oprnt | 0.0% | Unchanged | 3,700 | $24.3K |
| Total Return Securities Fund | 0.0% | Unchanged | 2,250 | $13.4K |
| SO Special Opportunities Fd Inc | 0.0% | Unchanged | 200 | $4.98K |
| High Income Securities Fund | 0.0% | Unchanged | 662 | $3.62K |
| EL Exchange Listed Fds Tr | 0.0% | Unchanged | 100 | $2.56K |
| EC Eagle Cap Growth Fd Inc | 0.0% | Unchanged | 100 | $1.02K |
| SC Saba Capital Income & Opport | 0.0% | Unchanged | 17 | $142 |
| FT Firsthand Technology Value F | 0.0% | Unchanged | 100 | $2 |
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 |
|---|---|---|---|---|
| Microsoft Corporation | New | +39,775 | +$14.8M | 3.3% |
| Hca Healthcare, Inc. | Exited | −26,450 | −$12.5M | — |
| Ameriprise Financial, Inc. | New | +21,990 | +$10.1M | 2.2% |
| Duolingo, Inc. | New | +86,552 | +$9.96M | 2.2% |
| White Mountains Insurance Group Ltd. | New | +4,800 | +$9.95M | 2.2% |
| Godaddy, Inc. | New | +82,200 | +$6.98M | 1.5% |
| PC Progressive Corporation (the) | Added | +15,765 | +$3.44M | 3.9% |
| Agnico Eagle Mines Ltd. | Exited | −15,000 | −$3.04M | — |
| Elevance Health, Inc. | Exited | −9,600 | −$2.81M | — |
| NC Newmont Corporation | Exited | −20,250 | −$2.19M | — |
Showing the 10 largest of 14 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Autozone, Inc. | Exited | −7,069 | −$24M | — |
| Donnelley Financial Solutions, Inc. | Exited | −195,859 | −$9.14M | — |
| Qualys, Inc. | New | +88,641 | +$7.79M | 2.2% |
| Paypal Holdings, Inc. | Exited | −130,000 | −$7.59M | — |
| Nutex Health, Inc. | New | +65,350 | +$6.21M | 1.8% |
| Alarm.com Holdings, Inc. | New | +126,100 | +$5.45M | 1.6% |
| Matador Resources Company | Exited | −110,000 | −$4.67M | — |
| Agnico Eagle Mines Ltd. | Trimmed | −15,000 | −$3.04M | 0.9% |
| Ssr Mining, Inc. | New | +95,000 | +$2.79M | 0.8% |
| Franco-nevada Corporation | Exited | −8,000 | −$1.66M | — |
Showing the 10 largest of 24 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NG New Gold, Inc. | Exited | −2,100,000 | −$15.1M | — |
| BA Booz Allen Hamilton Corp. | Exited | −117,650 | −$11.8M | — |
| Molina Healthcare, Inc. | Exited | −52,800 | −$10.1M | — |
| Snap-on, Inc. | Exited | −27,800 | −$9.63M | — |
| NC Newmont Corporation | Trimmed | −71,000 | −$7.09M | 0.5% |
| Donnelley Financial Solutions, Inc. | Trimmed | −47,141 | −$2.2M | 2.4% |
| PC Progressive Corporation (the) | Added | +8,670 | +$1.97M | 3.9% |
| Aura Minerals, Inc. | New | +35,000 | +$1.76M | 0.5% |
| B2gold Corporation | New | +300,000 | +$1.35M | 0.4% |
| Berkshire Hathaway, Inc. | Trimmed | −2,100 | −$1.06M | 0.4% |
Showing the 10 largest of 25 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Kinross Gold Corp. | Trimmed | −747,000 | −$18.6M | 0.4% |
| PC Progressive Corp./the | New | +55,330 | +$13.7M | 3.3% |
| Wheaton Precious Metals Corp. | Trimmed | −117,000 | −$13.1M | 0.3% |
| Credit Acceptance Corp. | Exited | −25,087 | −$12.8M | — |
| BA Booz Allen Hamilton Corp. | New | +117,650 | +$11.8M | 2.9% |
| Hca Healthcare, Inc. | New | +26,450 | +$11.3M | 2.7% |
| Molina Healthcare, Inc. | New | +52,800 | +$10.1M | 2.4% |
| Allison Transmission Holdings, Inc. | Exited | −79,500 | −$7.55M | — |
| Ufp Industries, Inc. | Exited | −72,300 | −$7.18M | — |
| NG Newmont Goldcorp Corp. | Added | +71,000 | +$5.99M | 1.8% |
Showing the 10 largest of 15 changes.
quarter ended June 30, 2025 · filed August 01, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Interactive Brokers Group, Inc. | Added | +245,400 | +$13.6M | 5.0% |
| Iamgold Corp. | Added | +1,138,000 | +$8.36M | 2.5% |
| Allison Transmission Holdings, Inc. | New | +79,500 | +$7.55M | 2.1% |
| VE Valero Energy Corp. | Exited | −55,218 | −$7.29M | — |
| International Seaways, Inc. | Exited | −175,600 | −$5.83M | — |
| Paypal Holdings, Inc. | New | +74,000 | +$5.5M | 1.5% |
| Rio Tinto PLC | Exited | −73,500 | −$4.42M | — |
| Pool Corp. | Exited | −7,149 | −$2.28M | — |
| Triple Flag Precious Metals Corp | New | +30,000 | +$711K | 0.2% |
| Q Qualcomm, Inc. | New | +4,200 | +$669K | 0.2% |
Showing the 10 largest of 18 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| NG New Gold, Inc. | New | +1,993,000 | +$7.39M | 2.2% |
| Matador Resources Co. | New | +115,850 | +$5.92M | 1.8% |
| Donnelley Financial Solutions, Inc. | Added | +118,000 | +$5.16M | 3.2% |
| Iamgold Corp. | New | +108,000 | +$675K | 0.2% |
| NG Newmont Goldcorp Corp. | Added | +2,450 | +$118K | 0.2% |
| NA New Amer High Income Fd Inc | Exited | −300 | −$2.45K | — |
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Lam Research Corp. | Exited | −10,900 | −$8.9M | — |
| Centene Corp. | Exited | −111,000 | −$8.36M | — |
| Lam Research Corp. | New | +109,000 | +$7.87M | 2.5% |
| Donnelley Financial Solutions, Inc. | New | +125,000 | +$7.84M | 2.5% |
| Kinross Gold Corp. | Added | +747,000 | +$6.92M | 2.4% |
| Wheaton Precious Metals Corp. | Added | +117,000 | +$6.58M | 2.2% |
| International Seaways, Inc. | New | +175,600 | +$6.31M | 2.0% |
| Skyworks Solutions, Inc. | Exited | −45,000 | −$4.44M | — |
| Atkore Inc | Trimmed | −38,200 | −$3.19M | — |
| Alphabet Inc | Added | +15,700 | +$2.97M | 6.6% |
Showing the 10 largest of 14 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Williams-sonoma, Inc. | Added | +55,997 | +$8.68M | 5.8% |
| Wabash National Corp. | Exited | −311,500 | −$6.8M | — |
| Bluelinx Holdings, Inc. | Exited | −71,812 | −$6.68M | — |
| Lpl Financial Holdings, Inc. | Added | +24,200 | +$5.63M | 3.8% |
| B2gold Corp. | Exited | −1,610,000 | −$4.35M | — |
| Ssr Mining, Inc. | Exited | −80,000 | −$361K | — |
| Global Self Storage Inc | Added | +20,096 | +$105K | 0.8% |
| High Income Securities Fund | Added | +20 | +$137 | — |
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