Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $2,141,157,171 | Registered funds and BDCs (78%) |
| Apr 2025 to Mar 2026 | $1,653,670,642 | Registered funds and BDCs (79%) |
| Apr 2024 to Mar 2025 | $1,828,234,132 | Registered funds and BDCs (82%) |
| May 2023 to Mar 2024 | $1,638,048,661 | Registered funds and BDCs (82%) |
| Apr 2023 | $1,638,048,661 | Registered funds and BDCs (82%) |
| Apr 2022 to Mar 2023 | $2,087,768,114 | Registered funds and BDCs (79%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2026-06-30, active share 97.9%; sector active share 84.4% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
13 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 76.4% | $1,138,761,645 |
| Energy | 13.5% | $200,555,208 |
| Financial Services | 9.0% | $134,383,538 |
| Consumer Defensive | 0.5% | $7,372,781 |
| Healthcare | 0.4% | $5,562,480 |
| Industrials | 0.2% | $2,558,500 |
| Technology | 0.0% | $694,464 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| JOE | ST JOE Co | −1,027,800 | 18,182,367 | $1,138,761,645 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| JOE |
ST JOE Co
Real Estate
|
Reduced | 18,182,367 | $1,138,761,645 | 76.43% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Held | 5,455,800 | $200,555,208 | 13.46% | |
| OZK |
Bank OZK
Financial Services
|
Held | 921,252 | $47,988,016 | 3.22% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 87,852 | $43,960,262 | 2.95% | |
| WRB |
Berkley W R Corp
Financial Services
|
Held | 256,350 | $18,080,365 | 1.21% | |
| PGR |
Progressive Corp
Financial Services
|
Added | 72,200 | $15,772,090 | 1.06% | |
| BRK-A |
Berkshire Hathaway Inc
Financial Services
|
Added | 11 | $8,237,350 | 0.55% | |
| PFE |
Pfizer Inc
Healthcare
|
NEW | 231,000 | $5,562,480 | 0.37% | |
| KHC |
Kraft Heinz Co
Consumer Defensive
|
Added | 202,300 | $4,778,326 | 0.32% | |
| CPB |
CAMPBELL'S Co
Consumer Defensive
|
NEW | 116,500 | $2,594,455 | 0.17% | |
| UPS |
United Parcel Service Inc
Industrials
|
NEW | 23,800 | $2,558,500 | 0.17% | |
| AAPL |
Apple Inc.
Technology
|
Held | 2,400 | $694,464 | 0.05% | |
| HOMB |
Home Bancshares Inc
Financial Services
|
Held | 12,100 | $345,455 | 0.02% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.