CIK
921669
Location
SUNNY ISLES BEACH, FL
Portfolio Value
Small
$837,639,837
Diversification
Highly concentrated
Filing Date
Global Rank
#437
/ 8,336
▲ 13
Top Industry
Oil & Gas Refining & Marketing
76.5%
3Y Alpha vs SPY
-30.7%
Period ended 3 months ago
Filed May 15, 2026 · 31d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-26.2%
SPY
+74.2%
Annualised alpha
-30.0%
Max drawdown
−58.0%
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 |
|---|---|---|---|---|---|
| SATS | 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. | ||||
2 positions ·
$837,639,837 total
· Basic Materials only
· 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 |
|---|---|---|---|---|---|---|
| UAN |
Cvr Partners, LP
Basic Materials
|
Held | 4,164,274 | $527,488,587 | 62.97% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Held | 4,275,000 | $310,151,250 | 37.03% |