CIK
1549575
Location
WEST LAKE HILLS, TX
Portfolio Value
Small
$422,885,141
Diversification
Highly concentrated
Filing Date
Global Rank
#2,847
/ 8,603
▲ 139
· as of Mar 2026
Top Industry
Coking Coal
68.0%
3Y Alpha vs SPY
-3.9%
Period ended 3 months ago
Filed May 14, 2026 · 56d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+60.9%
SPY
+76.0%
Annualised alpha
-3.5%
Max drawdown
−66.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
3 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
39.9%
+0.4 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
3,405
Highly concentrated+314
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 68.0% | $287,681,726 |
| Energy | 32.0% | $135,203,415 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| RIG | Transocean Ltd. | −6,647,461 | 20,392,672 | $135,203,415 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| VAL | Valaris Ltd | 459,098 | $23,138,539 | |
| No positions match the current search. | ||||
3 positions ·
$422,885,141 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| HCC |
Warrior Met Coal, Inc.
Basic Materials
|
Added | 1,810,831 | $168,678,907 | 39.89% | |
| RIG |
Transocean Ltd.
Energy
|
Reduced | 20,392,672 | $135,203,415 | 31.97% | |
| AMR |
Alpha Metallurgical Resources, Inc.
Basic Materials
|
Added | 579,738 | $119,002,819 | 28.14% |