DaveManuel.com · Institutional Ownership · 13F Holdings

SANDERS MORRIS HARRIS LLC

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

1053994

Reported value

$755.1M

Positions

325

Top 10 weight

35.2%

Filed

2026-10-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NVIDIA CORPORATION	NVDA	$40.4M	177,086	5.35%	+2.26pp	3q	+566.2%+$34.3M
APPLE INC	AAPL	$35.6M	105,948	4.71%	-4.95pp	3q	+83.9%+$16.2M
MSC INCOME FUND INC	MSIF	$35.5M	2,908,143	4.70%	-10.48pp	3q	+28.5%+$7.9M
INVESCO QQQ TR	QQQ	$32.8M	44,153	4.35%	-	new	NEW
ENTERPRISE PRODS PARTNERS L	EPD	$28.1M	763,555	3.71%	-	new	NEW
ISHARES TR	TLT	$22.2M	285,000	2.94%	-	new	NEW
ADVANCED MICRO DEVICES INC	AMD	$21.6M	35,272	2.86%	+1.46pp	3q	+746.5%+$19.1M
INVESCO EXCHANGE TRADED FD T	RSP	$18.9M	89,641	2.50%	-	new	NEW
CAPITAL SOUTHWEST CORP	CSWC	$15.4M	665,694	2.04%	-8.44pp	3q	-12.4%-$2.2M
STATE STR SPDR S&P MIDCAP 40	MDY	$15.1M	22,988	2.00%	-	new	NEW
LAM RESEARCH CORP	LRCX	$13.9M	42,420	1.85%	-	new	NEW
EXXONMOBIL HOLDINGS CORP	XOM	$12.9M	80,143	1.70%	-	new	NEW
VANGUARD STAR FDS	VXUS	$11.6M	134,296	1.54%	-	new	NEW
MAIN STR CAP CORP	MAIN	$11.0M	198,923	1.45%	-4.55pp	3q	HELD
BLACKSTONE INC	BX	$11.0M	93,487	1.45%	-6.87pp	3q	-23.3%-$3.3M
ALPS ETF TR	AMLP	$10.3M	193,900	1.36%	-	new	NEW
ISHARES TR	IWN	$10.0M	47,871	1.33%	-	new	NEW
PHILIP MORRIS INTL INC	PM	$9.9M	52,001	1.31%	-2.50pp	3q	+43.3%+$3.0M
CINTAS CORP	CTAS	$9.6M	48,969	1.26%	-	new	NEW
ELI LILLY & CO	LLY	$9.2M	7,821	1.22%	-3.09pp	3q	+26.2%+$1.9M
GOLDMAN SACHS GROUP INC	GS	$9.1M	10,144	1.21%	-	new	NEW
BROADCOM INC	AVGO	$9.1M	25,969	1.21%	-	new	NEW
INVESCO EXCH TRADED FD TR II	QQQM	$7.8M	25,477	1.03%	-	new	NEW
MICROSOFT CORP	MSFT	$7.1M	13,874	0.94%	-0.11pp	3q	+183.8%+$4.6M
VANGUARD SCOTTSDALE FDS	VCIT	$6.8M	86,749	0.91%	-	new	NEW
JPMORGAN CHASE & CO	JPM	$6.8M	20,094	0.90%	-0.96pp	3q	+105.5%+$3.5M
BERKSHIRE HATHAWAY INC DEL	BRKA	$6.7M	9	0.89%	-	new	NEW
ALPHABET INC	GOOG	$6.7M	19,682	0.89%	-	new	NEW
VOX ROYALTY CORP	VOXR	$6.6M	1,207,097	0.87%	-	new	NEW
PERSHING SQUARE USA LTD	PSUS	$6.0M	161,155	0.79%	-	new	NEW
SCHWAB STRATEGIC TR	SCHD	$5.8M	175,751	0.77%	-	new	NEW
ABBVIE INC	ABBV	$5.4M	20,463	0.71%	+0.43pp	3q	+972.5%+$4.9M
ASTERA LABS INC	ALAB	$4.8M	13,544	0.64%	-	new	NEW
ALTRIA GROUP INC	MO	$4.8M	69,438	0.63%	-1.79pp	3q	+19.8%+$787.4K
ATLASSIAN CORPORATION	TEAM	$4.6M	25,900	0.61%	-	new	NEW
TALEN ENERGY CORP	TLN	$4.6M	14,595	0.60%	-	new	NEW
STATE STR SPDR S&P 500 ETF T	SPY	$4.4M	5,801	0.59%	-	new	NEW
META PLATFORMS INC	META	$4.4M	6,042	0.58%	-	new	NEW
TXO Partners LP	TXO	$4.3M	309,790	0.57%	-	new	NEW
AMAZON COM INC	AMZN	$4.2M	16,924	0.56%	+0.05pp	3q	+361.1%+$3.3M
ALPHABET INC	GOOGL	$4.1M	11,891	0.54%	-	new	NEW
ORACLE CORP	ORCL	$4.0M	29,249	0.53%	+0.04pp	3q	+408.7%+$3.2M
NEXTERA ENERGY INC	NEEPRV	$3.8M	88,000	0.50%	-	new	NEW
HOME DEPOT INC	HD	$3.8M	13,073	0.50%	-0.34pp	3q	+218.3%+$2.6M
WHIRLPOOL CORP	WHRPRA	$3.7M	128,998	0.48%	-	new	NEW
SCHWAB STRATEGIC TR	SCHH	$3.6M	160,979	0.48%	-	new	NEW
AT&T INC	T	$3.5M	138,902	0.46%	-0.60pp	3q	+57.9%+$1.3M
ROCKET LAB CORP	RKLB	$3.5M	47,078	0.46%	-2.13pp	3q	+7.1%+$231.9K
CIENA CORP	CIEN	$3.4M	9,719	0.45%	-	new	NEW
KLA CORP	KLAC	$3.4M	17,500	0.45%	-	new	NEW
VISA INC	V	$3.4M	9,402	0.45%	-	new	NEW
SPACE EXPLORATION TECHN CORP	SPCX	$3.3M	22,448	0.44%	-	new	NEW
NRG ENERGY INC	NRG	$3.1M	32,826	0.42%	-	new	NEW
TESLA INC	TSLA	$3.1M	8,491	0.42%	-1.46pp	3q	+10.5%+$298.0K
LUMENTUM HLDGS INC	LITE	$3.1M	3,178	0.41%	-	new	NEW
LOWES COS INC	LOW	$3.1M	16,579	0.41%	-	new	NEW
MCKESSON CORP	MCK	$2.9M	3,370	0.38%	-	new	NEW
NIKE INC	NKE	$2.9M	81,030	0.38%	-	new	NEW
BOEING CO	BAPRA	$2.8M	47,083	0.37%	-	new	NEW
INTERNATIONAL BUSINESS MACHS	IBM	$2.8M	12,308	0.37%	-	new	NEW
ENERGY TRANSFER L P	ET	$2.7M	134,348	0.36%	-	new	NEW
GE AEROSPACE	GE	$2.7M	8,497	0.35%	-	new	NEW
CONOCOPHILLIPS	COP	$2.6M	21,057	0.35%	-	new	NEW
EA SERIES TRUST	TCV	$2.6M	82,829	0.35%	-	new	NEW
ISHARES TR	IVV	$2.6M	3,394	0.34%	-	new	NEW
CHEVRON CORPORATION	CVX	$2.5M	11,984	0.32%	-0.76pp	3q	+6.1%+$139.8K
MASTERCARD INCORPORATED	MA	$2.4M	4,261	0.31%	-	new	NEW
CULLEN FROST BANKERS INC	CFR	$2.3M	14,652	0.31%	-1.01pp	3q	HELD
DATADOG INC	DDOG	$2.3M	8,411	0.31%	-	new	NEW
D R HORTON INC	DHI	$2.2M	16,285	0.29%	-	new	NEW
JOHNSON & JOHNSON	JNJ	$2.2M	8,197	0.29%	-0.13pp	3q	+185.8%+$1.4M
MOTOROLA SOLUTIONS INC	MSI	$2.1M	4,735	0.28%	-	new	NEW
TJX COS INC NEW	TJX	$2.1M	15,924	0.28%	-	new	NEW
OCCIDENTAL PETE CORP	OXY	$2.1M	37,570	0.28%	-	new	NEW
BP PLC	BP	$2.1M	47,073	0.27%	-	new	NEW
DELL TECHNOLOGIES INC	DELL	$2.0M	3,700	0.27%	-	new	NEW
INTEL CORP	INTC	$2.0M	16,610	0.27%	-	new	NEW
RTX CORPORATION	RTX	$2.0M	10,711	0.26%	-	new	NEW
PULTEGROUP INC	PHM	$1.9M	16,512	0.25%	-	new	NEW
GE VERNOVA INC	GEV	$1.9M	1,992	0.25%	+0.03pp	3q	+514.8%+$1.6M
TWILIO INC	TWLO	$1.9M	6,477	0.25%	-	new	NEW
PERMIAN RESOURCES CORP	PR	$1.9M	86,933	0.25%	-	new	NEW
TEXAS INSTRS INC	TXN	$1.8M	6,471	0.24%	+0.11pp	3q	+732.8%+$1.6M
AMGEN INC	AMGN	$1.8M	4,292	0.24%	-	new	NEW
COCA COLA CO	KO	$1.8M	20,291	0.24%	-0.54pp	3q	+22.5%+$327.2K
ARGENX SE	ARGX	$1.8M	1,830	0.23%	-	new	NEW
CHARTER COMMUNICATIONS INC	CHTR	$1.7M	15,415	0.23%	-	new	NEW
SALESFORCE INC	CRM	$1.7M	7,367	0.22%	+0.04pp	3q	+259.9%+$1.2M
VERTIV HOLDINGS CO	VRT	$1.7M	7,003	0.22%	-	new	NEW
HEWLETT PACKARD ENTERPRISE C	HPE	$1.7M	26,000	0.22%	-	new	NEW
CATERPILLAR INC	CAT	$1.6M	1,975	0.21%	-0.88pp	3q	+11.3%+$164.3K
HCA Healthcare, Inc.	HCA	$1.6M	3,778	0.21%	-	new	NEW
ECOLAB INC	ECL	$1.6M	5,752	0.21%	-	new	NEW
DISNEY WALT CO	DIS	$1.6M	14,924	0.21%	-	new	NEW
CYTOKINETICS INC	CYTK	$1.5M	23,505	0.21%	-	new	NEW
NORTHERN LTS FD TR III	CPAI	$1.5M	29,507	0.20%	-	new	NEW
MONDELEZ INTL INC	MDLZ	$1.5M	24,976	0.19%	-	new	NEW
WALMART INC	WMT	$1.4M	13,424	0.19%	-0.64pp	3q	+6.3%+$86.2K
GSK PLC	GSK	$1.4M	28,800	0.19%	-	new	NEW
PROCTER & GAMBLE CO	PG	$1.4M	9,329	0.18%	-0.02pp	3q	+306.5%+$1.0M
UNITY SOFTWARE INC	U	$1.3M	32,762	0.18%	-	new	NEW
INFINITY NAT RES INC	INR	$1.3M	104,585	0.17%	-	new	NEW
CANADIAN PACIFIC KANSAS CITY	CP	$1.3M	15,354	0.17%	-	new	NEW
NUCOR CORP	NUE	$1.3M	5,566	0.17%	-	new	NEW
KINDER MORGAN INC DEL	KMI	$1.3M	41,722	0.17%	+0.04pp	3q	+529.4%+$1.1M
MICRON TECHNOLOGY INC	MU	$1.3M	1,170	0.17%	-0.02pp	3q	+333.3%+$962.2K
HUNTINGTON BANCSHARES INC	HBAN	$1.2M	78,863	0.16%	-0.65pp	3q	HELD
FEDEX CORP	FDX	$1.2M	4,260	0.16%	-	new	NEW
RESERVOIR MEDIA INC	RSVR	$1.2M	127,091	0.16%	-0.88pp	3q	-30.0%-$515.7K
INTUIT	INTU	$1.2M	4,271	0.16%	-	new	NEW
MERCK & CO INC	MRK	$1.2M	7,874	0.15%	+0.04pp	3q	+399.0%+$925.3K
SHIMMICK CORPORATION	SHIM	$1.2M	366,100	0.15%	-0.82pp	3q	-0.6%-$6.9K
THERMO FISHER SCIENTIFIC INC	TMO	$1.1M	1,700	0.15%	-	new	NEW
BEONE MEDICINES LTD	ONC	$1.1M	3,100	0.15%	-	new	NEW
BRITISH AMERN TOB PLC	BTI	$1.1M	20,723	0.15%	-	new	NEW
GENERAL DYNAMICS CORP	GD	$1.1M	3,400	0.15%	-	new	NEW
J P MORGAN EXCHANGE TRADED F	JEPI	$1.1M	19,714	0.15%	-	new	NEW
SLB LIMITED	SLB	$1.1M	21,150	0.14%	-	new	NEW
CISCO SYS INC	CSCO	$1.1M	10,053	0.14%	-	new	NEW
CROWDSTRIKE HLDGS INC	CRWD	$1.1M	4,080	0.14%	-	new	NEW
GEN RESTAURENT GROUP	GENK	$1.1M	609,102	0.14%	-	new	NEW
CSX CORP	CSX	$1.0M	22,500	0.14%	-	new	NEW
PNC FINL SVCS GROUP INC	PNC	$1.0M	4,623	0.14%	-	new	NEW
NEBIUS GROUP N.V.	NBIS	$1.0M	4,335	0.14%	-	new	NEW
AST SPACEMOBILE INC	ASTS	$1.0M	17,336	0.14%	-	new	NEW
RESMED INC	RMD	$1.0M	4,600	0.13%	-	new	NEW
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$1.0M	4,860	0.13%	-	new	NEW
MARVELL TECHNOLOGY INC	MRVL	$1.0M	3,815	0.13%	-	new	NEW
WORKDAY INC	WDAY	$999.9K	5,250	0.13%	-	new	NEW
ASTRAZENECA PLC	AZN	$994.5K	6,094	0.13%	-	new	NEW
BLACKROCK INC	BLK	$988.5K	912	0.13%	-0.32pp	3q	+13.2%+$114.9K
AMERICAN EXPRESS CO	AXP	$987.5K	3,246	0.13%	-	new	NEW
VERIZON COMMUNICATIONS INC	VZ	$967.8K	20,885	0.13%	-0.07pp	3q	+158.6%+$593.6K
THE CIGNA GROUP	CI	$949.5K	3,493	0.13%	-	new	NEW
PURECYCLE TECHNOLOGIES INC	PCT	$948.2K	215,009	0.13%	-	new	NEW
CEREBRAS SYSTEMS INC	CBRS	$931.1K	5,241	0.12%	-	new	NEW
KINSALE CAP GROUP INC	KNSL	$919.8K	2,850	0.12%	-	new	NEW
BRISTOL-MYERS SQUIBB CO	BMY	$912.6K	14,607	0.12%	-	new	NEW
ABBOTT LABORATORIES	ABT	$897.8K	9,031	0.12%	-	new	NEW
ATLANTA BRAVES HLDGS INC	BATRK	$897.3K	16,950	0.12%	-	new	NEW
KROGER CO	KR	$879.3K	15,000	0.12%	-	new	NEW
EATON CORP PLC	ETN	$866.3K	1,969	0.11%	-	new	NEW
QUANTA SVCS INC	PWR	$856.9K	1,320	0.11%	-	new	NEW
MURPHY USA INC	MUSA	$856.9K	1,700	0.11%	-	new	NEW
WASTE MGMT INC DEL	WM	$852.3K	4,121	0.11%	-0.18pp	3q	+81.5%+$382.6K
LITTELFUSE INC	LFUS	$847.5K	2,000	0.11%	-	new	NEW
LINDE PLC	LIN	$846.7K	1,802	0.11%	-	new	NEW
KAYNE ANDERSON ENERGY INFRST	KYN	$846.4K	61,200	0.11%	-	new	NEW
ADOBE INC	ADBE	$841.0K	3,505	0.11%	-	new	NEW
AUTONATION INC	AN	$834.9K	5,000	0.11%	-0.43pp	3q	HELD
Jazz Pharmaceuticals PLC	JAZZ	$833.5K	3,600	0.11%	-	new	NEW
COMFORT SYS USA INC	FIX	$830.2K	500	0.11%	-0.47pp	3q	HELD
ERO COPPER CORP	ERO	$806.5K	21,500	0.11%	-	new	NEW
UNITEDHEALTH GROUP INC	UNH	$803.9K	2,190	0.11%	-	new	NEW
ONEOK INC NEW	OKE	$798.7K	9,139	0.11%	-	new	NEW
MCDONALDS CORP	MCD	$798.0K	3,374	0.11%	-0.29pp	3q	+35.0%+$206.7K
WARNER BROS DISCOVERY INC	WBD	$795.8K	25,789	0.11%	-	new	NEW
VANGUARD INDEX FDS	VOO	$785.3K	1,120	0.10%	-	new	NEW
ALNYLAM PHARMACEUTICALS INC	ALNY	$777.2K	3,150	0.10%	-	new	NEW
PFIZER INC	PFE	$763.1K	26,652	0.10%	-0.15pp	3q	+50.2%+$254.9K
NETFLIX INC.	NFLX	$749.1K	10,800	0.10%	-	new	NEW
ALPS ETF TR	ENFR	$747.2K	20,000	0.10%	-	new	NEW
ELEVANCE HEALTH INC FORMERLY	ELV	$738.8K	1,900	0.10%	-	new	NEW
Global Partners LP	GLP	$736.9K	15,500	0.10%	-	new	NEW
LOCKHEED MARTIN CORP	LMT	$732.1K	1,430	0.10%	-	new	NEW
RESTAURANT BRANDS INTL INC	QSR	$728.6K	10,250	0.10%	-	new	NEW
BERKSHIRE HATHAWAY INC DEL	BRKB	$722.2K	1,433	0.10%	-	new	NEW
NETEASE COM INC	NTES	$717.9K	5,925	0.10%	-	new	NEW
UNION PAC CORP	UNP	$684.7K	2,513	0.09%	-	new	NEW
PEPSICO INC	PEP	$649.3K	5,100	0.09%	-	new	NEW
Sera Prognostics, Inc.	SERA	$642.5K	314,950	0.09%	-	new	NEW
UNITED PARCEL SVCS INC	UPS	$638.0K	6,790	0.08%	-	new	NEW
SELECT SECTOR SPDR TR	XLE	$632.8K	10,200	0.08%	-	new	NEW
STRYKER CORPORATION	SYK	$624.0K	2,266	0.08%	-	new	NEW
VANGUARD SCOTTSDALE FDS	VGLT	$613.5K	12,050	0.08%	-	new	NEW
INCYTE CORP	INCY	$606.8K	5,000	0.08%	-	new	NEW
AUTOMATIC DATA PROCESSING IN	ADP	$590.4K	2,287	0.08%	-	new	NEW
FLEX LTD	FLEX	$584.9K	5,100	0.08%	-	new	NEW
AIR PRODUCTS AND CHEMICALS I	APD	$581.8K	2,065	0.08%	-0.27pp	3q	HELD
PAYPAL HLDGS INC	PYPL	$580.2K	11,046	0.08%	-	new	NEW
CVS HEALTH CORP	CVS	$575.8K	6,674	0.08%	-	new	NEW
DECKERS OUTDOOR CORP	DECK	$562.8K	7,202	0.07%	-	new	NEW
3M CO	MMM	$558.7K	3,295	0.07%	-	new	NEW
ISHARES BITCOIN TRUST ETF	IBIT	$552.5K	11,615	0.07%	-	new	NEW
STRATEGY INC	MSTR	$552.2K	3,500	0.07%	-	new	NEW
EXPAND ENERGY CORPORATION	EXE	$541.3K	6,255	0.07%	-	new	NEW
CLOUDFLARE INC	NET	$533.9K	1,530	0.07%	-	new	NEW
VIAVI SOLUTIONS INC	VIAV	$524.0K	12,500	0.07%	-	new	NEW
LOEWS CORP	L	$522.1K	5,000	0.07%	-	new	NEW
PALO ALTO NETWORKS INC	PANW	$513.3K	1,292	0.07%	-	new	NEW
COLGATE PALMOLIVE CO	CL	$510.9K	5,975	0.07%	-	new	NEW
SERVICENOW INC	NOW	$509.2K	3,800	0.07%	-	new	NEW
UNIVERSAL HLTH SVCS INC	UHS	$503.6K	2,890	0.07%	-	new	NEW
INNOVATOR ETFS TRUST	PDEC	$496.2K	10,500	0.07%	-	new	NEW
2X SOLANA ETF	SOLT	$492.8K	6,650	0.07%	-	new	NEW
STARBUCKS CORP	SBUX	$489.1K	5,203	0.06%	-	new	NEW
PALANTIR TECHNOLOGIES INC	PLTR	$487.9K	2,600	0.06%	-	new	NEW
TARGET CORP	TGT	$484.6K	3,092	0.06%	-	new	NEW
HP INC	HPQ	$469.2K	15,000	0.06%	-	new	NEW
MOLINA HEALTHCARE INC	MOH	$468.6K	2,478	0.06%	-	new	NEW
UNIQURE NV	QURE	$467.6K	19,356	0.06%	-	new	NEW
BOEING CO	BA	$462.0K	2,475	0.06%	-	new	NEW
ISHARES GOLD TR	IAU	$443.5K	5,498	0.06%	-	new	NEW
ALIBABA GROUP HLDG LTD	BABA	$440.9K	4,018	0.06%	-	new	NEW
DROPBOX INC	DBX	$439.0K	12,970	0.06%	-	new	NEW
PROLOGIS INC.	PLD	$438.7K	3,297	0.06%	-0.11pp	3q	+57.0%+$159.3K
COSTCO WHOLESALE CORPORATION	COST	$438.1K	476	0.06%	-	new	NEW
BWX TECHNOLOGIES INC	BWXT	$437.9K	3,185	0.06%	-0.06pp	3q	+203.3%+$293.5K
US BANCORP	USB	$436.7K	7,560	0.06%	-	new	NEW
FS SPECIALTY LENDING FD	FSSL	$436.1K	37,500	0.06%	-	new	NEW
HF SINCLAIR CORP	DINO	$429.7K	4,023	0.06%	-0.25pp	3q	-47.2%-$384.5K
MultiSensor AI Holdings Inc	MSAI	$421.5K	86,818	0.06%	-	new	NEW
MPLX LP	MPLX	$420.0K	7,420	0.06%	-	new	NEW
CHARLES SCHWAB CORP (THE)	SCHW	$415.7K	4,250	0.06%	-0.49pp	3q	-58.5%-$586.9K
FRANCO NEV CORP	FNV	$415.2K	1,610	0.05%	-	new	NEW
MEDTRONIC PLC	MDT	$409.4K	4,744	0.05%	-	new	NEW
FIGS INC	FIGS	$402.6K	30,000	0.05%	-	new	NEW
ROBLOX CORP	RBLX	$401.2K	9,469	0.05%	-	new	NEW
SPDR SERIES TRUST	KRE	$377.3K	5,433	0.05%	-	new	NEW
CANADIAN NAT RES LTD MED TER	CNQ	$372.7K	7,874	0.05%	-	new	NEW
NOVARTIS AG	NVS	$365.7K	2,554	0.05%	-	new	NEW
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$362.9K	1,863	0.05%	-	new	NEW
ISHARES TR	GVI	$361.9K	3,500	0.05%	-	new	NEW
GRUPO AEROPORTUARIO DEL CENT	OMAB	$360.6K	3,500	0.05%	-	new	NEW
FIRST TR EXCHANGE TRADED FD	CIBR	$355.0K	3,444	0.05%	-	new	NEW
BANK OF AMER CORP	BAC	$353.0K	6,256	0.05%	-0.22pp	3q	-21.9%-$98.7K
DEXCOM INC	DXCM	$345.2K	4,000	0.05%	-	new	NEW
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$344.6K	6,000	0.05%	-	new	NEW
APOLLO GLOBAL MGMT INC	APO	$337.9K	2,800	0.04%	-	new	NEW
HORMEL FOODS CORP	HRL	$332.1K	16,850	0.04%	-0.20pp	3q	HELD
HALEON PLC	HLN	$329.2K	36,000	0.04%	-	new	NEW
CAMBRIA FIXED INCOME	CFIT	$327.1K	12,935	0.04%	-	new	NEW
CARDINAL HEALTH INC	CAH	$326.8K	1,484	0.04%	-	new	NEW
GRUPO AEROPORTUNARIO DEL PAC	PAC	$323.9K	1,500	0.04%	-	new	NEW
EDWARDS LIFESCIENCES CORP	EW	$321.1K	3,720	0.04%	-	new	NEW
KEURIG DR PEPPER INC	KDP	$319.5K	10,000	0.04%	-	new	NEW
ISHARES TR	IJR	$318.9K	2,306	0.04%	-	new	NEW
Genesis Energy L.P.	GEL	$318.0K	22,500	0.04%	-	new	NEW
ARES CAPITAL CORP	ARCC	$314.5K	16,438	0.04%	-	new	NEW
AMDOCS LTD	DOX	$314.5K	5,500	0.04%	-	new	NEW
NORFOLK SOUTHN CORP	NSC	$313.0K	1,000	0.04%	-0.15pp	3q	-2.9%-$9.4K
APPLIED MATLS INC	AMAT	$306.8K	600	0.04%	-	new	NEW
WESTERN MIDSTREAM PARTNERS L	WES	$305.4K	6,697	0.04%	-	new	NEW
FORD MTR CO	F	$305.0K	24,000	0.04%	-	new	NEW
PHILLIPS 66	PSX	$297.2K	1,162	0.04%	-	new	NEW
BANK OF NY MELLON CORP	BNY	$295.9K	1,971	0.04%	-	new	NEW
NEXTERA ENERGY INC	NEE	$291.7K	3,834	0.04%	-0.14pp	3q	+7.4%+$20.1K
ECHOSTAR CORP	ECHO	$291.6K	3,261	0.04%	-	new	NEW
LULULEMON ATHLETICA INC	LULU	$289.3K	3,008	0.04%	-	new	NEW
CME GROUP INC	CME	$288.0K	1,089	0.04%	-	new	NEW
VANGUARD WORLD FD	EDV	$286.9K	5,000	0.04%	-	new	NEW
TRUIST FINL CORP	TFC	$286.0K	6,000	0.04%	-	new	NEW
FS CREDIT OPPORTUNITIES CORP	FSCO	$283.8K	55,000	0.04%	-	new	NEW
CORNING INC	GLW	$282.1K	1,800	0.04%	-	new	NEW
VISTRA CORP	VST	$276.9K	2,000	0.04%	-	new	NEW
FERMI INC	FRMI	$271.2K	60,000	0.04%	-0.30pp	3q	-4.8%-$13.6K
TC ENERGY CORP	TRP	$270.7K	4,600	0.04%	-	new	NEW
LADDER CAP CORP	LADR	$264.2K	29,100	0.03%	-	new	NEW
PRA GROUP INC	PRAA	$261.6K	13,421	0.03%	-	new	NEW
SNOWFLAKE INC	SNOW	$252.0K	750	0.03%	-0.27pp	3q	-64.1%-$449.2K
GENERAL MTRS CO	GM	$247.9K	3,000	0.03%	-	new	NEW
ARES MANAGEMENT CORPORATION	ARES	$244.0K	2,000	0.03%	-	new	NEW
BIOMARIN PHARMACEUTICAL INC	BMRN	$240.0K	4,000	0.03%	-	new	NEW
PRUDENTIAL FINL INC	PRU	$238.9K	2,000	0.03%	-	new	NEW
GRUPO CIBEST SA	CIB	$237.9K	2,500	0.03%	-	new	NEW
WASHINGTON TR BANCORP INC	WASH	$237.6K	6,115	0.03%	-0.10pp	3q	HELD
TRANE TECHNOLOGIES PLC	TT	$233.6K	514	0.03%	-	new	NEW
INVESCO EXCHANGE TRADED FD T	RSPT	$232.3K	3,500	0.03%	-	new	NEW
WELLTOWER INC	WELL	$231.4K	1,000	0.03%	-	new	NEW
ALLSTATE CORP	ALL	$230.1K	1,011	0.03%	-	new	NEW
COMCAST CORP NEW	CMCSA	$225.8K	10,377	0.03%	-	new	NEW
KONINKLIJKE PHILIPS N V	PHG	$223.2K	9,138	0.03%	-	new	NEW
SEABOARD CORP DEL	SEB	$222.3K	56	0.03%	-0.13pp	3q	-11.1%-$27.8K
TARGA RES CORP	TRGP	$222.3K	800	0.03%	-0.09pp	3q	HELD
TIC SOLUTIONS INC	TIC	$222.2K	25,000	0.03%	-0.09pp	3q	HELD
CELANESE CORP DEL	CE	$221.8K	5,000	0.03%	-	new	NEW
IMPERIAL OIL LTD	IMO	$221.1K	1,800	0.03%	-0.09pp	3q	HELD
ALBEMARLE CORP	ALB	$219.5K	2,000	0.03%	-	new	NEW
APPLOVIN CORP	APP	$217.5K	700	0.03%	-	new	NEW
ENBRIDGE INC	ENB	$215.9K	4,623	0.03%	-	new	NEW
APA CORPORATION	APA	$213.7K	5,000	0.03%	-	new	NEW
VIRTU FINL INC	VIRT	$213.6K	4,000	0.03%	-	new	NEW
GRAYSCALE BITCOIN TRUST ETF	GBTC	$213.2K	3,285	0.03%	-	new	NEW
ISHARES TR	GOVT	$211.1K	9,602	0.03%	-	new	NEW
ISHARES TR	PFF	$209.2K	7,017	0.03%	-	new	NEW
REDDIT INC	RDDT	$208.8K	1,466	0.03%	-	new	NEW
PUBLIC STORAGE	PSA	$208.8K	725	0.03%	-0.11pp	2q	HELD
KOSMOS ENERGY LTD	KOS	$206.7K	78,000	0.03%	-0.06pp	3q	+9.9%+$18.6K
FEDEX FGHT HLDG CO INC	FDXF	$206.7K	1,880	0.03%	-	new	NEW
SPDR INDEX SHS FDS	CWI	$205.2K	5,000	0.03%	-	new	NEW
MCCORMICK & CO INC	MKC	$204.3K	4,261	0.03%	-	new	NEW
DIAGEO PLC	DEO	$202.4K	2,313	0.03%	-	new	NEW
JEFFERIES FINANCIAL GROUP IN	JEF	$200.3K	4,200	0.03%	-0.10pp	2q	HELD
RAYONIER INC	RYN	$188.8K	10,000	0.03%	-0.10pp	2q	HELD
BLACKSTONE MORTGAGE TRUST IN	BXMT	$187.4K	16,000	0.02%	-	new	NEW
VESTIS CORPORATION	VSTS	$173.1K	12,960	0.02%	-	new	NEW
BAUSCH HEALTH COS INC	BHC	$168.9K	28,975	0.02%	-	new	NEW
KURA ONCOLOGY INC	KURA	$159.6K	14,900	0.02%	-	new	NEW
TELEFONAKTIEBOLAGET LM ERICS	ERIC	$142.9K	15,000	0.02%	-	new	NEW
MISSION PRODUCE INC	AVO	$131.4K	10,000	0.02%	-0.05pp	3q	HELD
Venture Global Inc	VG	$126.6K	10,000	0.02%	-	new	NEW
IMMUNITYBIO INC	IBRX	$126.6K	15,000	0.02%	-0.06pp	3q	HELD
DAWSON GEOPHYSICAL CO NEW COM	DWSN	$126.5K	45,000	0.02%	-0.05pp	2q	+125.0%+$70.3K
ANGEL OAK MORTGAGE REIT INC	AOMR	$120.8K	16,000	0.02%	-0.07pp	3q	HELD
ICAHN ENTERPRISES LP	IEP	$118.8K	17,071	0.02%	-	new	NEW
NEW MTN FIN CORP	NMFC	$114.3K	16,375	0.02%	-0.05pp	3q	HELD
STELLUS CAP INVT CORP	SCM	$107.5K	14,046	0.01%	-0.05pp	2q	+0.7%
NUVEEN CA DIVI ADV MUN	NAC	$102.5K	10,000	0.01%	-	new	NEW
SEVEN HILLS REALTY TRUST	SEVN	$102.5K	14,000	0.01%	-0.05pp	3q	HELD
GRUPO AVAL ACCIONES Y VALORE	AVAL	$99.2K	20,000	0.01%	-	new	NEW
WTS/NEW ERA HELIUM INC EXP12/06/2029	NUAIW	$89.5K	25,000	0.01%	-	new	NEW
INTER & CO INC	INTR	$81.8K	16,000	0.01%	-	new	NEW
ROCKET PHARMACEUTICALS INC	RCKT	$72.9K	27,709	0.01%	-	new	NEW
Opus Genetics, Inc.	IRD	$58.1K	12,000	0.01%	-	new	NEW
INNVENTURE INC	INV	$57.3K	100,000	0.01%	-	new	NEW
Empire Petroleum Corp	EP	$52.4K	24,854	0.01%	-	new	NEW
FRANKLIN PREMIER INCOME TR	PPT	$50.3K	15,490	0.01%	-	new	NEW
SABLE OFFSHORE CORP	SOC	$49.9K	13,400	0.01%	-	new	NEW
MACROGENICS INC	MGNX	$47.7K	12,345	0.01%	-	new	NEW
OS THERAPIES INCORPORATED	OSTX	$32.0K	20,000	0.00%	-	new	NEW
REIN THERAPEUTICS INC	RNTX	$16.1K	20,000	0.00%	-	new	NEW
Cleanspark Inc Warrant Exp 12/29/202	CLSKW	$2.8K	11,750	0.00%	-	new	NEW
P3 HEALTH PARTNERS INC	PIIIW	$709	93,332	0.00%	-	new	NEW
Anghami Inc	ANGHW	$227	33,333	0.00%	-	new	NEW
NWTN Inc	AIIOW	$120	10,000	0.00%	-	new	NEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Semiconductors & Electronics	$100.6M	13.3%
Funds & ETFs	$89.7M	11.9%
Energy	$66.7M	8.8%
Software & IT Services	$52.7M	7.0%
Computer Hardware	$44.1M	5.8%
Biotech & Pharma	$33.1M	4.4%
Retail & Consumer	$31.4M	4.2%
Capital Markets	$24.0M	3.2%
Food, Drink & Tobacco	$20.8M	2.7%
Industrials	$16.9M	2.2%
Banks & Lending	$15.2M	2.0%
Insurance	$12.3M	1.6%
Other sectors	$92.2M	12.2%
Not classified	$155.4M	20.6%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	+1.3%	+2.1%	-0.8%	100%
Q2 2026	+13.3%	+14.8%	-1.5%	102%
Q1 2026	-0.4%	-4.6%	+4.2%	96%
Q4 2025	+0.0%	+2.4%	-2.4%	99%
Q3 2025	+7.7%	+7.8%	-0.1%	100%
Q2 2025	+10.1%	+10.5%	-0.4%	100%
Q1 2025	-6.6%	-4.6%	-2.1%	99%
Q4 2024	+3.1%	+2.1%	+1.0%	100%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$755.1M	325	256	39	11	6	35.2%	14
Q2 2026	$172.4M	75	6	3	41	228	69.8%	7
Q1 2026	$630.8M	297	271	12	2	9	38.2%	9
Q4 2025	$64.7M	35	5	1	12	278	85.4%	8
Q3 2025	$758.2M	308	168	64	23	22	56.1%	7
Q2 2025	$418.7M	162	24	15	59	150	73.9%	30
Q1 2025	$647.4M	288	20	37	43	23	53.9%	9
Q4 2024	$669.9M	291	40	39	42	36	52.3%	15
Q3 2024	$602.9M	287	18	24	50	20	52.9%	9
Q2 2024	$609.0M	289	31	29	30	18	49.7%	12
Q1 2024	$544.7M	276	122	68	10	8	50.0%	11
Q4 2023	$203.4M	162	14	9	74	108	33.1%	10
Q3 2023	$486.8M	256	23	35	25	20	53.4%	13
Q2 2023	$451.7M	253	126	42	17	15	55.3%	11
Q1 2023	$286.2M	142	55	9	40	121	74.4%	7
Q4 2022	$264.1M	208	8	14	38	93	46.9%	13
Q3 2022	$408.3M	293	31	30	23	26	48.7%	7
Q2 2022	$457.1M	288	24	41	34	37	44.0%	11
Q1 2022	$513.3M	301	30	48	24	65	43.0%	11
Q4 2021	$578.2M	336	55	37	44	29	43.3%	33
Q3 2021	$549.6M	310	26	36	37	35	41.2%	13
Q2 2021	$514.7M	319	48	37	62	25	41.0%	13
Q1 2021	$472.9M	296	59	46	44	56	38.3%	19
Q4 2020	$439.3M	293	38	48	39	19	37.8%	26
Q3 2020	$368.0M	274	153	64	25	8	37.2%	16
Q2 2020	$205.5M	129	81	14	27	100	61.2%	9
Q1 2020	$102.3M	148	11	54	41	146	36.6%	10
Q4 2019	$440.3M	283	37	55	54	33	30.3%	9
Q3 2019	$413.1M	279	30	45	54	24	35.2%	45
Q2 2019	$385.3M	273	160	50	23	14	35.1%	10
Q1 2019	$205.5M	127	18	26	40	10	54.9%	19
Q4 2018	$182.1M	119	0	0	0	0	56.1%	14

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.