CIK
921669
Location
SUNNY ISLES BEACH, FL
Portfolio Value
Mid
$8,553,640,758
Diversification
Highly concentrated
Filing Date
Global Rank
#469
/ 8,605
▲ 8
· as of Mar 2026
Top Industry
Oil & Gas Refining & Marketing
76.5%
3Y Alpha vs SPY
-31.3%
Period ended 3 months ago
Filed May 15, 2026 · 55d
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
-28.3%
SPY
+76.5%
Annualised alpha
-31.4%
Max drawdown
−58.2%
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
12 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
48.5%
−0.6 pts
Top 5
91.2%
+5.8 pts
Top 10
98.6%
+0.8 pts
HHI
3,224
Highly concentrated+246
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 77.4% | $6,624,614,163 |
| Basic Materials | 9.8% | $837,639,837 |
| Utilities | 6.7% | $576,746,569 |
| Communication Services | 1.9% | $164,429,731 |
| Industrials | 1.7% | $148,608,068 |
| Consumer Cyclical | 1.7% | $145,952,390 |
| Healthcare | 0.7% | $55,650,000 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ECHO | EchoStar CORP | −1,950,000 | 1,404,542 | $164,429,731 | |
| 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 |
|---|---|---|---|---|
| SWX | Southwest Gas Holdings, Inc. | 6,032,604 | $482,728,972 | |
| No positions match the current search. | ||||
12 positions ·
$8,553,640,758 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Energy
Healthcare
Industrials
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IEP |
Icahn Enterprises L.P.
Energy
|
Held | 549,400,539 | $4,147,974,067 | 48.49% | |
| CVI |
Cvr Energy Inc
Energy
|
Added | 71,201,875 | $2,395,943,093 | 28.01% | |
| UAN |
Cvr Partners, LP
Basic Materials
|
Held | 4,164,274 | $527,488,587 | 6.17% | |
| CTRI |
Centuri Holdings, Inc.
Utilities
|
Held | 14,336,044 | $418,755,845 | 4.90% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Held | 4,275,000 | $310,151,250 | 3.63% | |
| ECHO |
EchoStar CORP
Communication Services
|
Reduced | 1,404,542 | $164,429,731 | 1.92% | |
| AEP |
American Electric Power Co Inc
Utilities
|
Held | 1,205,300 | $157,990,724 | 1.85% | |
| JBLU |
Jetblue Airways Corp
Industrials
|
Held | 33,621,735 | $148,608,068 | 1.74% | |
| MNRO |
Monro, Inc.
Consumer Cyclical
|
Held | 5,078,573 | $81,460,310 | 0.95% | |
| SD |
Sandridge Energy Inc
Energy
|
Added | 4,947,701 | $80,697,003 | 0.94% | |
| CZR |
Caesars Entertainment, Inc.
Consumer Cyclical
|
Held | 2,440,109 | $64,492,080 | 0.75% | |
| BLCO |
Bausch & Lomb Corp
Healthcare
|
Held | 3,500,000 | $55,650,000 | 0.65% |