DaveManuel.com · Institutional Ownership · 13F Holdings

ABC ARBITRAGE SA

Reported holdings as of Q3 2026, from 8 quarterly filings.

CIK

2049221

Reported value

$1.0B

Positions

411

Top 10 weight

42.6%

Filed

2026-10-23

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
NOKIA CORP	NOK	$91.1M	8,988,606	8.94%	+8.38pp	2q	+2213.1%+$87.2M
BRITISH AMERN TOB PLC	BTI	$69.8M	1,282,238	6.84%	+1.96pp	8q	+75.4%+$30.0M
DIAGEO PLC	DEO	$50.7M	591,885	4.97%	-0.10pp	8q	+1.3%+$648.3K
VODAFONE GROUP PLC	VOD	$40.3M	2,495,977	3.95%	+0.49pp	8q	+2.9%+$1.1M
CEMEX SAB DE CV	CX	$38.9M	4,092,041	3.82%	+3.18pp	3q	+739.2%+$34.3M
NATWEST GROUP PLC	NWG	$33.4M	1,839,430	3.27%	-0.27pp	8q	-1.1%-$360.1K
HSBC HLDGS PLC	HSBC	$29.4M	295,720	2.88%	-0.03pp	8q	+4.3%+$1.2M
INTERCONTINENTAL HOTELS GROU	IHG	$29.4M	182,617	2.88%	+0.01pp	6q	+18.8%+$4.7M
NATIONAL GRID PLC	NGG	$27.3M	359,541	2.67%	-0.03pp	8q	+19.1%+$4.4M
RYANAIR HOLDINGS PLC	RYAAY	$24.7M	448,504	2.42%	+1.01pp	8q	+123.0%+$13.6M
ING GROEP N.V.	ING	$22.7M	638,927	2.22%	-1.19pp	2q	-36.5%-$13.0M
GSK PLC	GSK	$22.2M	461,393	2.18%	-0.87pp	5q	-14.4%-$3.7M
AEGON LTD	AEG	$18.4M	2,127,083	1.80%	+0.37pp	5q	+36.0%+$4.9M
LLOYDS BANKING GROUP PLC	LYG	$16.7M	2,961,398	1.63%	-1.95pp	3q	-47.9%-$15.4M
FRESENIUS MEDICAL CARE AG	FMS	$14.1M	630,995	1.38%	+0.80pp	2q	+163.2%+$8.8M
SHELL PLC	SHEL	$14.0M	147,155	1.37%	-1.80pp	7q	-61.1%-$22.0M
Rio Tinto PLC	RIO	$13.1M	138,756	1.28%	-2.88pp	8q	-65.8%-$25.2M
GOLD FIELDS LTD	GFI	$12.9M	356,567	1.26%	-	new	NEW
TAKEDA PHARMACEUTICAL CO LTD	TAK	$10.3M	564,472	1.01%	-	new	NEW
PRUDENTIAL PLC	PUK	$9.3M	376,863	0.91%	+0.08pp	2q	+30.5%+$2.2M
AMERICA MOVIL SAB DE CV	AMX	$8.2M	385,016	0.80%	-0.64pp	4q	-24.9%-$2.7M
SONY GROUP CORP	SONY	$8.1M	346,006	0.80%	+0.41pp	2q	+94.5%+$4.0M
UNILEVER PLC	UL	$8.0M	131,541	0.78%	flat	2q	+9.0%+$661.3K
STMICROELECTRONICS N V	STM	$7.6M	143,189	0.75%	-	new	NEW
MARKETAXESS HLDGS INC	MKTX	$7.6M	46,236	0.74%	-	new	NEW
DIGITALBRIDGE GROUP INC	DBRG	$7.5M	468,078	0.73%	-0.03pp	4q	+4.4%+$318.4K
ARCOSA INC	ACA	$7.4M	50,769	0.73%	-0.03pp	2q	+5.3%+$372.8K
SYNAPTICS INC	SYNA	$7.4M	72,999	0.73%	-0.05pp	2q	+26.6%+$1.6M
DOUBLEVERIFY HLDGS INC	DV	$7.4M	547,900	0.72%	-	new	NEW
LIVERAMP HLDGS INC	RAMP	$7.4M	196,971	0.72%	-0.03pp	2q	+5.5%+$385.3K
ATKORE INC	ATKR	$7.4M	77,890	0.72%	-	new	NEW
BIO TECHNE CORP	TECH	$7.4M	101,793	0.72%	-0.04pp	2q	+1.4%+$104.7K
MARINEMAX INC	HZO	$7.4M	140,605	0.72%	-	new	NEW
BIOLIFE SOLUTIONS INC	BLFS	$7.3M	189,120	0.72%	-	new	NEW
VAREX IMAGING CORP	VREX	$7.3M	396,901	0.72%	-	new	NEW
SAFETY INS GROUP INC	SAFT	$7.3M	70,634	0.72%	-	new	NEW
AES CORP	AES	$7.3M	488,802	0.71%	+0.33pp	2q	+102.7%+$3.7M
TRICO BANCSHARES	TCBK	$7.3M	141,687	0.71%	-	new	NEW
PNC FINL SVCS GROUP INC	PNC	$7.2M	32,477	0.71%	-	new	NEW
BP PLC	BP	$7.1M	162,246	0.70%	-2.45pp	8q	-79.5%-$27.6M
PENUMBRA INC	PEN	$7.1M	22,223	0.69%	-0.06pp	3q	HELD
ESSENTIAL UTILS INC	WTRG	$6.9M	175,733	0.68%	-0.07pp	4q	-2.5%-$178.0K
WPP PLC NEW	WPP	$6.4M	259,620	0.63%	+0.14pp	2q	-10.8%-$777.6K
MITSUBISHI UFJ FINANCIAL GRO	MUFG	$6.1M	265,804	0.60%	-	new	NEW
KONINKLIJKE PHILIPS N V	PHG	$5.8M	237,377	0.57%	-0.13pp	2q	HELD
HARTFORD INSURANCE GROUP INC	HIG	$5.5M	45,189	0.54%	flat	2q	+19.7%+$909.7K
FEDERAL RLTY INVT TR NEW	FRT	$5.5M	50,661	0.54%	+0.40pp	2q	+392.0%+$4.4M
NATHANS FAMOUS INC NEW	NATH	$5.5M	53,957	0.54%	-0.06pp	3q	HELD
HALEON PLC	HLN	$5.4M	599,904	0.53%	-0.59pp	7q	-45.9%-$4.6M
UNITED AIRLS HLDGS INC	UAL	$5.3M	47,517	0.52%	-	new	NEW
CROWN CASTLE INC	CCI	$5.2M	78,119	0.51%	-0.05pp	2q	+14.0%+$638.3K
REGIONS FINANCIAL CORP NEW	RF	$5.2M	193,313	0.51%	+0.45pp	3q	+935.6%+$4.7M
PEARSON PLC	PSO	$5.1M	319,150	0.50%	+0.02pp	5q	+13.5%+$609.6K
CENTERSPACE	CSR	$5.0M	91,754	0.49%	-	new	NEW
SANARA MEDTECH INC	SMTI	$5.0M	140,894	0.49%	-	new	NEW
PAYCHEX INC	PAYX	$4.9M	50,158	0.48%	-	new	NEW
WESTERN DIGITAL CORP	WDC	$4.7M	10,292	0.46%	-	new	NEW
BANK OF NY MELLON CORP	BNY	$4.6M	31,772	0.45%	+0.33pp	2q	+307.9%+$3.5M
AMERIPRISE FINL INC	AMP	$4.5M	9,098	0.44%	-	new	NEW
SILICON LABORATORIES INC	SLAB	$4.4M	19,633	0.43%	-	new	NEW
ACV AUCTIONS INC	ACVA	$4.3M	407,768	0.42%	-	new	NEW
BLUE RIDGE BANKSHARES INC VACOM	BRBS	$4.2M	1,087,754	0.41%	-	new	NEW
SIBANYE STILLWATER LTD	SBSW	$4.0M	395,719	0.40%	-	new	NEW
RENTOKIL INITIAL PLC	RTO	$3.9M	198,003	0.38%	-0.22pp	7q	+1.5%+$59.2K
BROWN BROWN INC	BRO	$3.8M	63,183	0.38%	-	new	NEW
PAYONEER GLOBAL INC	PAYO	$3.6M	505,662	0.35%	-0.03pp	2q	+2.0%+$70.6K
DTE ENERGY CO	DTE	$3.5M	28,789	0.34%	-	new	NEW
VIVMARK RESIDENTIAL	VMRK	$3.5M	56,804	0.34%	-	new	NEW
CITIZENS FINL GROUP INC	CFG	$3.3M	51,284	0.32%	-	new	NEW
WILLIAMS COS INC	WMB	$3.2M	47,025	0.31%	-	new	NEW
TOYOTA MOTOR CORP	TM	$3.1M	16,725	0.30%	-	new	NEW
SMITH & NEPHEW PLC	SNN	$3.0M	111,924	0.30%	-0.87pp	8q	-70.2%-$7.1M
CHEVRON CORPORATION	CVX	$2.8M	13,894	0.28%	-0.28pp	5q	-55.7%-$3.6M
SASOL LTD	SSL	$2.8M	204,289	0.28%	-0.04pp	3q	-32.3%-$1.3M
CONSTELLATION ENERGY CORP	CEG	$2.8M	11,037	0.27%	-	new	NEW
HEICO CORP NEW	HEI	$2.6M	8,457	0.25%	-	new	NEW
MARTIN MARIETTA MATLS INC	MLM	$2.5M	5,277	0.25%	-0.31pp	3q	-40.6%-$1.7M
PRUDENTIAL FINL INC	PRU	$2.5M	21,818	0.24%	-	new	NEW
DIAMONDBACK ENERGY INC	FANG	$2.5M	13,357	0.24%	-	new	NEW
GLOBALSTAR INC	GSAT	$2.3M	28,173	0.23%	+0.07pp	2q	+56.4%+$842.6K
HONDA MOTOR CO LTD	HMC	$2.2M	68,645	0.21%	+0.07pp	2q	+41.6%+$637.2K
HOME DEPOT INC	HD	$2.2M	7,587	0.21%	-	new	NEW
ALLIANT ENERGY CORP	LNT	$2.0M	32,224	0.20%	-	new	NEW
TXNM ENERGY INC	TXNM	$2.0M	34,747	0.20%	-0.23pp	5q	-50.8%-$2.1M
UNDER ARMOUR INC	UAA	$2.0M	439,480	0.19%	-	new	NEW
INTEGER HLDGS CORP	ITGR	$2.0M	15,471	0.19%	-	new	NEW
WEAVE COMMUNICATIONS INC	WEAV	$1.9M	257,457	0.19%	-	new	NEW
DISTRIBUTION SOLUTIONS GRP I	DSGR	$1.9M	54,314	0.19%	-	new	NEW
LXP INDUSTRIAL TRUST	LXP	$1.9M	30,653	0.18%	-	new	NEW
BRP GROUP INC CLASS A	BWIN	$1.9M	58,514	0.18%	-	new	NEW
CAESARS ENTERTAINMENT INC NE	CZR	$1.8M	62,366	0.18%	-0.01pp	2q	+4.0%+$71.0K
ONEOK INC NEW	OKE	$1.8M	21,327	0.18%	-	new	NEW
HILTON WORLDWIDE HLDGS INC	HLT	$1.8M	5,682	0.18%	-	new	NEW
NETEASE COM INC	NTES	$1.6M	13,444	0.16%	-	new	NEW
Dominion Energy, Inc.	D	$1.6M	26,884	0.16%	-0.03pp	2q	+5.3%+$82.4K
SIMULATIONS PLUS INC	SLP	$1.5M	78,869	0.14%	-0.01pp	2q	HELD
DRDGOLD LIMITED	DRD	$1.5M	59,815	0.14%	-0.11pp	8q	-44.6%-$1.2M
SOUTHERN CO	SO	$1.4M	16,440	0.13%	-	new	NEW
EXPAND ENERGY CORPORATION	EXE	$1.4M	16,135	0.13%	-	new	NEW
FINWARD BANCORP	FNWD	$1.2M	28,672	0.12%	-	new	NEW
MARATHON PETE CORP	MPC	$1.1M	2,850	0.11%	-0.43pp	2q	-85.6%-$6.7M
NVR INC	NVR	$1.0M	167	0.10%	-0.28pp	2q	-67.8%-$2.2M
EVOTEC AG	EVO	$925.3K	541,106	0.09%	-0.02pp	7q	+45.5%+$289.3K
CNA FINL CORP	CNA	$903.4K	20,129	0.09%	-	new	NEW
WEC ENERGY GROUP INC	WEC	$855.3K	8,487	0.08%	+0.02pp	3q	+60.5%+$322.3K
VEECO INSTRS INC DEL	VECO	$839.2K	16,170	0.08%	-0.09pp	4q	-23.7%-$261.2K
LAM RESEARCH CORP	LRCX	$836.7K	2,547	0.08%	-0.36pp	3q	-72.8%-$2.2M
EVERGY INC	EVRG	$758.8K	9,674	0.07%	-	new	NEW
CHERRY HILL MTG INVT CORP	CHMI	$736.1K	282,027	0.07%	-	new	NEW
CAPITAL BANCORP INC MD	CBNK	$731.8K	18,617	0.07%	-	new	NEW
HUNTINGTON BANCSHARES INC	HBAN	$713.6K	46,762	0.07%	-0.48pp	3q	-83.8%-$3.7M
VESTA REAL ESTATE CORP	VTMX	$671.2K	20,859	0.07%	-0.22pp	7q	-73.0%-$1.8M
BANK OF AMER CORP	BAC	$640.6K	11,769	0.06%	-	new	NEW
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$616.8K	1,352	0.06%	+0.01pp	3q	+44.9%+$191.1K
PETROLEO BRASILEIRO S A	PBR	$614.8K	29,458	0.06%	-0.20pp	2q	-80.6%-$2.6M
BOWHEAD SPECIALTY HLDGS INC	BOW	$585.2K	17,328	0.06%	-	new	NEW
NOMURA HLDGS INC	NMR	$564.9K	57,761	0.06%	+0.03pp	2q	+100.9%+$283.8K
PUBLIC STORAGE	PSA	$564.0K	1,994	0.06%	-	new	NEW
EAGLE FINL SVCS INC	EFSI	$511.9K	11,301	0.05%	-	new	NEW
MORGAN STANLEY	MS	$463.8K	2,466	0.05%	-	new	NEW
Willow Lane Acquisition Corp II	WLII	$411.6K	40,000	0.04%	flat	2q	HELD
ALLSTATE CORP	ALL	$409.6K	1,846	0.04%	-	new	NEW
INVEST GREEN ACQUISITION COR CL A O	IGAC	$404.6K	40,000	0.04%	flat	3q	HELD
SILVERBOX CORP V	SBXE	$404.4K	40,000	0.04%	flat	3q	HELD
SAFEGUARD ACQUISITION CORP	SAC	$404.0K	40,000	0.04%	flat	3q	HELD
Social Commerce Partners Corp	SCPQ	$403.8K	40,000	0.04%	flat	3q	HELD
SPRING VY ACQUISITION CORP I	SVIV	$403.6K	40,000	0.04%	flat	3q	HELD
GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00	GPAC	$403.2K	40,000	0.04%	flat	3q	HELD
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	TWLV	$403.0K	40,000	0.04%	flat	3q	HELD
ARMADA ACQUISITION CORP III ORD SHS CL A	AACI	$402.8K	40,000	0.04%	flat	2q	HELD
KARBON CAP PARTNERS CORP	KBON	$402.8K	40,000	0.04%	flat	3q	HELD
LEAPFROG ACQUISITION CORP	LFAC	$402.8K	40,000	0.04%	flat	3q	HELD
LAUNCHPAD CADENZA ACQU CORP	LPCV	$402.8K	40,000	0.04%	flat	3q	HELD
Aldabra 4 Liquidity Opportunity Vehicle Inc	ALOV	$401.6K	40,000	0.04%	flat	2q	HELD
HCM IV ACQUISITION CORP	HACQ	$401.6K	40,000	0.04%	flat	2q	HELD
SOREN ACQ CRP; TNT ACQ DT: 1/7/2028; CASH: $10.00	SORN	$400.8K	40,000	0.04%	flat	3q	HELD
CAMBRIDGE ACQUISITION CORP	CAQ	$400.4K	40,000	0.04%	flat	2q	HELD
D BORAL ACQUISITION I CORP	DBCA	$400.4K	40,000	0.04%	flat	3q	HELD
KRAKACQUISITION CORPORATION	KRAQ	$400.4K	40,000	0.04%	flat	2q	HELD
ABONY ACQUISITION CORP I	AACO	$400.0K	40,000	0.04%	flat	2q	HELD
IDEA ACQUISITION CORP	IACO	$400.0K	40,000	0.04%	flat	2q	HELD
MUZERO ACQUISITION CORP	MUZE	$400.0K	40,000	0.04%	flat	2q	HELD
UNITED ACQUISITION CORP I	UAC	$400.0K	40,000	0.04%	flat	3q	HELD
Xsolla SPAC 1	XSLL	$400.0K	40,000	0.04%	flat	2q	HELD
HENNESSY CAP INVTS CORP VIII	HCIC	$399.2K	40,000	0.04%	flat	2q	HELD
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00	ITHA	$391.1K	38,800	0.04%	flat	3q	HELD
AVERIN CAP ACQUISITION CORP	ACAA	$390.0K	39,000	0.04%	flat	2q	HELD
DANAHER CORP DEL	DHR	$388.2K	1,752	0.04%	-	new	NEW
TGE VALUE CREATIVE SOLUTIONS	BEBE	$381.5K	38,000	0.04%	flat	3q	HELD
WEN ACQUISITION CORP	WENN	$364.7K	35,000	0.04%	flat	4q	HELD
LIGHTWAVE	LWAC	$363.4K	35,000	0.04%	flat	4q	HELD
INDIGO ACQ	INAC	$363.3K	35,000	0.04%	flat	4q	HELD
OXLEY BRID	OBA	$362.2K	35,000	0.04%	flat	4q	HELD
EQV VENTURES AC CORP. II O	EVAC	$361.2K	35,000	0.04%	flat	4q	HELD
AA MISSION ACQUISITION CORP O	YCY	$360.5K	35,000	0.04%	flat	4q	HELD
CANTOR EQUITY PARTNERS VI IN	CEPS	$360.5K	35,000	0.04%	flat	3q	HELD
CSLM DIGIT	KOYN	$359.4K	35,000	0.04%	flat	4q	HELD
EMMIS ACQUISITION CORP.	EMIS	$359.4K	35,000	0.04%	flat	4q	HELD
HIGHVIEW MERGER CORP O	HVMC	$359.4K	35,000	0.04%	flat	4q	HELD
OTG Acquisition Corp I	OTGA	$359.4K	35,000	0.04%	flat	4q	HELD
Infinite Eagle Acquisition Corp	IEAG	$357.7K	35,000	0.04%	flat	3q	HELD
COLOMBIER ACQUISITION CORP I	CLBR	$357.0K	35,000	0.04%	flat	2q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$356.3K	35,000	0.03%	flat	4q	HELD
GIGCAPITAL8 CORP O	GIW	$356.3K	35,000	0.03%	flat	4q	HELD
ONEIM ACQU	OIM	$355.2K	35,000	0.03%	flat	3q	HELD
Tailwind 2.0 Acquisition Corp	TDWD	$354.9K	35,000	0.03%	flat	4q	HELD
AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00	ADAC	$354.2K	35,000	0.03%	flat	3q	HELD
BITCOIN IN	BIXI	$354.2K	35,000	0.03%	flat	3q	HELD
ARCHIMEDES TECH SPAC PTNRS I	ARCI	$353.5K	35,000	0.03%	flat	2q	HELD
CRANE HBR ACQUISITION CORP I	CRAN	$353.5K	35,000	0.03%	flat	3q	HELD
VINE HILL CAP INVTS CORP II	VHCP	$352.4K	35,000	0.03%	flat	3q	HELD
LEGATO MERGER CORP IV	LEGO	$351.8K	35,000	0.03%	flat	2q	HELD
SPACE ASSET ACQUISITION CORP	SAAQ	$351.8K	35,000	0.03%	flat	2q	HELD
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$351.1K	35,000	0.03%	flat	3q	HELD
X3 Acquisition Corp Ltd	XCBE	$350.9K	35,000	0.03%	flat	2q	HELD
FG IMPERII ACQUISITION CORP	FGII	$350.7K	35,000	0.03%	flat	3q	HELD
ART TECHNOLOGY ACQ CRP; TNT ACQ DT: 4/6/2028; CASH: $10.00	ARTC	$350.4K	35,000	0.03%	flat	3q	HELD
GigCapital9 Corp	GIX	$350.4K	35,000	0.03%	flat	2q	HELD
M EVO GBL ACQUISITION CORP I	MEVO	$350.0K	35,000	0.03%	flat	3q	HELD
PULTEGROUP INC	PHM	$349.8K	3,014	0.03%	-	new	NEW
PALOMA ACQUISITION CORP I	PALO	$348.9K	35,000	0.03%	flat	2q	HELD
Praetorian Acquisition Corp	PTOR	$348.4K	35,000	0.03%	flat	2q	HELD
CENTURION ACQUISITION CORP SHS CL A	ALF	$324.6K	30,000	0.03%	flat	4q	HELD
Churchill Capital Corp XII	CXII	$323.7K	30,000	0.03%	-	new	NEW
SYNOPSYS INC	SNPS	$319.2K	734	0.03%	-0.25pp	3q	-87.4%-$2.2M
HELIX ACQUISITION CORP III	HLXC	$318.6K	30,000	0.03%	flat	3q	HELD
Churchill Capital Corp XIII	XIIIU	$316.6K	30,000	0.03%	-	new	NEW
BERTO ACQUISITION CORP	TACO	$314.1K	30,000	0.03%	flat	4q	HELD
WASTE MGMT INC DEL	WM	$312.2K	1,531	0.03%	-	new	NEW
VENDOME ACQUISITION CORP I C	VNME	$309.9K	30,000	0.03%	flat	4q	HELD
HUTCHMED CHINA LTD	HCM	$309.8K	21,173	0.03%	-	new	NEW
FIGX CAP A	FIGX	$309.6K	30,000	0.03%	flat	4q	HELD
FORTRESS V	FVAV	$307.5K	30,000	0.03%	flat	3q	HELD
GSR IV ACQUISITION CORP C	GSRF	$307.5K	30,000	0.03%	flat	4q	HELD
RAINIER ACQUISITION CORP	RNAQU	$306.0K	30,000	0.03%	-	new	NEW
SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00	SCII	$305.5K	30,000	0.03%	flat	3q	HELD
FORTUNEX ACQUISITION CORP	FXAC	$302.4K	30,000	0.03%	-	new	NEW
SOUTHERN CROSS ACQUISITION I CORP	NCOOU	$302.1K	30,000	0.03%	-	new	NEW
APEX TECH ACQ CRP; TNT ACQ DT: 5/26/2027; CASH: $10.00	TRAD	$301.8K	30,000	0.03%	flat	2q	HELD
Cantor Equity Partners VII Inc	CAES	$301.8K	30,000	0.03%	flat	2q	HELD
INFLECTION POINT ACQUISITION CORP VIII	IPHXU	$301.8K	30,000	0.03%	-	new	NEW
NORTHSTRIVE ACQUISITION CORP I	NSAIU	$301.8K	30,000	0.03%	-	new	NEW
SOUTHERN CROSS ACQUISITION II CORP	SCATU	$301.2K	30,000	0.03%	-	new	NEW
B&R TECHNOLOGY MERGER CORP	BRTMU	$300.9K	30,000	0.03%	-	new	NEW
BURTECH ACQUISITION CORP II	BRKH	$300.9K	30,000	0.03%	-	new	NEW
HAYMAKER ACQUISITION CORP V	HYACU	$300.6K	30,000	0.03%	-	new	NEW
PEACE ACQ CRP; TNT ACQ DT: 8/22/2027; CASH: $10.05	PECE	$300.6K	30,000	0.03%	flat	2q	HELD
LIVE OAK ACQUISITION CORP VI	LOVIU	$300.3K	30,000	0.03%	-	new	NEW
DISCIPLINED GROWTH ACQUISITION CORP	DGAC	$300.3K	30,000	0.03%	-	new	NEW
PINNACLE ACQUISITION CORP	PNAQU	$300.3K	30,000	0.03%	-	new	NEW
Oceanhawk Acquisition Corp	OHAC	$300.0K	30,000	0.03%	flat	2q	HELD
THREE LIONS ACQUISITION CORP	TLACU	$300.0K	30,000	0.03%	-	new	NEW
GORES HOLDINGS XI INC	GHXI	$299.7K	30,000	0.03%	-	new	NEW
BLUEROCK ACQUISITION CORP II	BRRKU	$299.7K	30,000	0.03%	-	new	NEW
LONG TABLE GROWTH CORP	LTGR	$299.7K	30,000	0.03%	-	new	NEW
MARKET TECHNOLOGY ACQUISITION CORP	MTAKU	$299.7K	30,000	0.03%	-	new	NEW
AEON ACQUISITION I CORP	AESP	$299.7K	30,000	0.03%	-	new	NEW
ILLUMINATION ACQUISITIO CORP	ILLU	$299.4K	30,000	0.03%	flat	2q	HELD
MOZAYYX ACQUISITION CORP	MZYX	$299.4K	30,000	0.03%	flat	2q	HELD
AMPERCAP ACQUISITION CO	APMC	$298.8K	30,000	0.03%	-	new	NEW
ENERGY TRANSITION SPL OPPORT	ETSS	$298.8K	30,000	0.03%	flat	2q	HELD
JAB ACQUISITION CORP I	ATLQ	$298.8K	30,000	0.03%	-	new	NEW
LEADERS ADVANTAGE ACQUISITIO	LEDRU	$298.8K	30,000	0.03%	-	new	NEW
ALPEX ACQUISITION CORP	ALPX	$298.8K	30,000	0.03%	-	new	NEW
PATRIOT ACQUISITION CORP	PTAC	$298.8K	30,000	0.03%	-	new	NEW
CLEARTHINK 1 ACQUISITION COR	CTAA	$298.5K	30,000	0.03%	flat	2q	HELD
IRENIC ACQUISITION CORP	IACQ	$298.5K	30,000	0.03%	-	new	NEW
Keystone Acquisition Corp	KEYY	$298.5K	30,000	0.03%	-	new	NEW
SAMOS ENERGY ACQUISITION CORP	SAMOU	$298.5K	30,000	0.03%	-	new	NEW
THUNDER BRDG CAP PARTNERS V	TBCVU	$298.5K	30,000	0.03%	-	new	NEW
BERTO ACQUISITION CORP II	GUAC	$298.4K	30,000	0.03%	-	new	NEW
STARLINK AI ACQUISITION CORP	OTAI	$298.2K	29,800	0.03%	-	new	NEW
TEXAS VENTURES ACQUISITION IV CORP	TVIV	$298.2K	29,971	0.03%	-	new	NEW
YORKVILLE INTERNATIONAL CAPITAL CORP	YICC	$297.8K	30,000	0.03%	-	new	NEW
AMR RESOURCES ACQUISITION CORP	AMACU	$297.6K	30,000	0.03%	-	new	NEW
EAST WEST AVE ACQUISITION CO	EWAV	$297.3K	30,000	0.03%	-	new	NEW
TRIBECA STRATEGIC ACQUISITIO	BID	$297.3K	30,000	0.03%	-	new	NEW
KARMAN LINE ACQUISITION CORP	XTERU	$297.0K	30,000	0.03%	-	new	NEW
BOA ACQUISITION CORP II	THEO	$297.0K	30,000	0.03%	-	new	NEW
PELICAN ACQUISITION II CORP	PLCI	$296.7K	30,000	0.03%	-	new	NEW
GSR V ACQUISITION CORP	GSRV	$296.6K	30,000	0.03%	-	new	NEW
FUTURECORP SPACE ACQUISITION	FTRA	$296.1K	30,000	0.03%	-	new	NEW
MERCATOR ACQUISITION CORP	MRCO	$296.1K	30,000	0.03%	-	new	NEW
RMG ML SPORTS HOLDINGS	SHOT	$295.8K	30,000	0.03%	-	new	NEW
COLUMBUS CIRCLE CAP CORP III	CCCT	$295.2K	30,000	0.03%	-	new	NEW
INTERPRIVATE INVTS PARTNERS	IPVV	$295.2K	30,000	0.03%	-	new	NEW
MERIDIAN3 INDUSTRIALS ACQ CO	MIAC	$294.6K	30,000	0.03%	-	new	NEW
OSPREY ACQUISITION CORP III	OSPR	$294.6K	30,000	0.03%	-	new	NEW
VIKING ACQUISITION CORP II	VII	$294.6K	30,000	0.03%	-	new	NEW
CARTESIAN GROWTH CORP IV	CGCF	$294.3K	30,000	0.03%	-	new	NEW
TRG Latin America Acquisitions Corp	TRGS	$291.8K	29,300	0.03%	flat	2q	-2.3%-$7.0K
IRON DOME ACQUISITION I CORP	IDAC	$288.3K	28,860	0.03%	-	new	NEW
EQUIFAX INC	EFX	$283.0K	2,062	0.03%	-	new	NEW
BIO RAD LABS INC	BIO	$276.5K	732	0.03%	-	new	NEW
CAL REDWOOD ACQUISITION COR	CRAQ	$273.6K	26,312	0.03%	-0.01pp	4q	-12.3%-$38.4K
K&F GROWTH ACQUISITION CORP	KFII	$267.0K	25,000	0.03%	flat	4q	HELD
SIDDHI ACQUISITION CORP C	SDHI	$263.8K	25,000	0.03%	flat	4q	HELD
KOCHAV DEFENSE ACQUI CO	KCHV	$261.5K	25,000	0.03%	flat	4q	HELD
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$260.1K	25,000	0.03%	flat	4q	HELD
AGNC INVT CORP	AGNC	$259.5K	28,606	0.03%	-	new	NEW
Pioneer Acquisition I Corp	PACH	$259.2K	25,000	0.03%	flat	4q	HELD
Solarius Capital Acquisition Corp	SOCA	$258.5K	25,000	0.03%	flat	4q	HELD
PYROPHYTE ACQUISITION CORP.	PAII	$258.2K	25,000	0.03%	flat	4q	HELD
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$256.2K	25,000	0.03%	flat	4q	HELD
KEURIG DR PEPPER INC	KDP	$255.5K	8,421	0.03%	-	new	NEW
MID-AMER APT CMNTYS INC	MAA	$250.3K	2,126	0.02%	-0.13pp	5q	-79.6%-$979.6K
SNOW ROTHSCHILD ACQUISITION CORP	ISNR	$246.8K	25,105	0.02%	-	new	NEW
MKS INC.	MKSI	$246.3K	928	0.02%	-	new	NEW
TCGX ACQUISITION CORP	TCGX	$242.7K	19,399	0.02%	-	new	NEW
Thayer Ventures Acquisition Corp II	TVAI	$242.3K	23,300	0.02%	flat	4q	HELD
GENERAL MILLS INC	GIS	$234.9K	7,303	0.02%	-	new	NEW
ILLINOIS TOOL WKS INC	ITW	$232.3K	903	0.02%	-	new	NEW
JATT III ACQUISITION CORP	JTTT	$231.4K	21,000	0.02%	-	new	NEW
DUNEACQUISITIONCORPII	CCAQ	$221.6K	20,733	0.02%	flat	4q	HELD
CHARLTONARIAACQUISITIONCO	CHAR	$219.4K	20,000	0.02%	flat	4q	HELD
LIONHEART HOLDINGS SHS CL A	CUB	$218.0K	20,000	0.02%	flat	4q	HELD
REPUBLIC DIGITAL ACQUISITION	RDAG	$208.8K	20,000	0.02%	flat	4q	HELD
SILVER PEG	SPEG	$208.4K	20,000	0.02%	flat	4q	HELD
PROCAP ACQUISITION CORP	PCAP	$208.2K	20,000	0.02%	flat	4q	HELD
MASTERCARD INCORPORATED	MA	$207.4K	376	0.02%	-	new	NEW
PACCAR INC	PCAR	$206.1K	1,877	0.02%	-	new	NEW
CANTOR EQUITY PARTNERS V INC	CEPV	$206.0K	20,000	0.02%	flat	4q	HELD
HCM III ACQUISITION CORP O	HCMA	$205.8K	20,000	0.02%	flat	4q	HELD
AI INFRASTRUCTURE ACQUISI	AIIA	$205.4K	20,000	0.02%	flat	4q	HELD
StoneBridge Acquisition II Corp	APAC	$205.4K	20,000	0.02%	flat	4q	HELD
PG&E CORP	PCG	$205.4K	16,765	0.02%	-	new	NEW
TRAILBLAZER ACQUISITION CORP ORD SH	BLZR	$205.0K	20,000	0.02%	flat	4q	HELD
TALON CAP CORP O	TLNC	$204.4K	20,000	0.02%	flat	4q	HELD
METALS ACQUISITION CORP II	MTAL	$204.2K	20,100	0.02%	flat	2q	HELD
GALATA ACQ	LATA	$204.0K	20,000	0.02%	flat	4q	HELD
LAFAYETTE	LAFA	$203.8K	20,000	0.02%	flat	4q	HELD
RANGE CAP ACQUISITION CORP I CL A O	RNGT	$203.8K	20,000	0.02%	flat	4q	HELD
BTC DEV CORP O	BDCI	$203.0K	20,000	0.02%	flat	4q	HELD
Insight Digital Partners II	DYOR	$203.0K	20,000	0.02%	flat	4q	HELD
ALUSSA ENERGY ACQUISIT CORP	ALUB	$202.8K	20,000	0.02%	flat	3q	HELD
EVOLUTION GLOBAL ACQUISITION	EVOX	$202.6K	20,000	0.02%	flat	4q	HELD
General Catalyst Global Resilience Merger Corp	GCGR	$202.4K	20,000	0.02%	-	new	NEW
APOGEE ACQ CRP; TNT ACQ DT: 7/07/2027; CASH: $10.05	AACP	$201.6K	20,000	0.02%	flat	2q	HELD
DYNAMIX CORP III	DNMX	$201.6K	20,000	0.02%	flat	3q	HELD
NewHold Investment Corp IV	NHIV	$201.0K	20,000	0.02%	flat	2q	HELD
XFLH Capital Corp	XFLH	$201.0K	20,000	0.02%	-0.02pp	3q	-42.9%-$150.8K
Quantum Leap Acquisition Corp	QLEP	$200.8K	20,000	0.02%	flat	2q	HELD
MOUNTAIN CREST ACQ CRP VI; TNT ACQ DT: 4/30/2027; CASH: $10.00	MCAH	$200.6K	20,000	0.02%	-	new	NEW
ARC Group Acquisition I Corp	ARCL	$200.4K	20,000	0.02%	flat	2q	HELD
MAYWOOD ACQ CRP II; TNT ACQ DT: 7/14/2027; CASH: $10.00	MYX	$200.4K	20,000	0.02%	flat	2q	HELD
BHAV Acquisition Corp	BHAV	$200.3K	20,000	0.02%	flat	2q	HELD
COLLECTIVE ACQ CRP II; TNT ACQ DT: 10/29/2027; CASH: $10.05	CAII	$200.2K	20,000	0.02%	-	new	NEW
KPET ULTRA PACELINE CORP	KPET	$200.2K	20,000	0.02%	flat	2q	HELD
QDRO ACQUI	QADR	$200.0K	20,000	0.02%	flat	2q	HELD
BLUE WTR ACQUISITION CORP IV	BWIV	$199.6K	20,000	0.02%	flat	2q	HELD
SUMA ACQUISITION CORP	SUMA	$199.0K	20,000	0.02%	flat	2q	HELD
RRE Ventures Acquisition Corp	RREV	$198.4K	20,000	0.02%	flat	2q	HELD
FORD MTR CO	F	$197.3K	16,360	0.02%	-	new	NEW
ANNALY CAPITAL MANAGEMENT IN	NLY	$193.6K	10,248	0.02%	-	new	NEW
KINGSOFT CLOUD HLDGS LTD	KC	$182.3K	19,987	0.02%	-	new	NEW
Proem Acquisition Corp I	PAAC	$171.2K	17,000	0.02%	-0.03pp	2q	-57.5%-$231.6K
VIRGIN GALACTIC HOLDINGS INC	SPCE	$170.9K	57,164	0.02%	-0.04pp	7q	-69.7%-$392.7K
TAVIA ACQUISITION CORP SHS	TAVI	$168.6K	15,654	0.02%	flat	4q	HELD
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$162.4K	15,000	0.02%	flat	4q	HELD
FUTUREWAVE ACQUISITION CORP	FWAC	$149.2K	15,000	0.01%	-	new	NEW
SCORPIO GOLD Corp	SGLD	$57.3K	16,085	0.01%	-	new	NEW
Peace Acquisition Corp Right 05/19/2031	PECER	$11.1K	30,000	0.00%	flat	2q	HELD
Gigcapital9 Corp Right 12/01/2030	GIXXR	$10.4K	40,000	0.00%	flat	2q	HELD
Safeguard Acquisition Corp	SACWS	$10.0K	20,000	0.00%	flat	3q	HELD
BOA ACQUISITION CORP II	THEOR	$8.7K	30,000	0.00%	-	new	NEW
Infinite Eagle Acquisition C Right 01/13/2031	IEAGR	$8.0K	40,000	0.00%	flat	3q	HELD
Oceanhawk Acquisition Corp Right 05/19/2031	OHACR	$7.8K	30,000	0.00%	flat	2q	HELD
FUTURECORP SPACE ACQUISITION 1	FTRAWS	$7.5K	15,000	0.00%	-	new	NEW
D Boral Acquisition I Corp	DBCAW	$7.0K	20,000	0.00%	flat	3q	HELD
Apex Tech Acquisition Inc Right 02/17/2027	TRADRT	$6.9K	30,000	0.00%	flat	2q	HELD
Crane Hbr Acquisition Corp I Right 12/09/2030	CRANR	$6.8K	40,000	0.00%	flat	3q	HELD
Social Commerce Partners Corp	SCPQW	$6.8K	20,000	0.00%	flat	3q	HELD
Invest Green Acquisition Cor Right 11/17/2030	IGACR	$6.4K	40,000	0.00%	flat	3q	HELD
Paloma Acquisition Corp I	PALOW	$6.4K	20,000	0.00%	flat	2q	HELD
Clearthink 1 Acquisition Cor Right 01/26/2031	CTAAR	$6.4K	30,000	0.00%	flat	2q	HELD
SPACE ASSET ACQUISITION EQY WARRANTS	SAAQW	$6.3K	13,333	0.00%	flat	2q	HELD
Aperture Ac Right 05/06/2031	APURR	$6.1K	20,589	0.00%	flat	2q	-31.4%-$2.8K
Plutonian Acquisition Corp I Right 03/26/2031	PLUNRT	$6.1K	30,000	0.00%	-	new	NEW
Bitcoin Infrastructure Acquisition Corp Ltd	BIXIW	$6.0K	20,000	0.00%	flat	3q	HELD
AEON ACQUISITION I CORP	AESPR	$5.7K	30,000	0.00%	-	new	NEW
LEAPFROG ACQUISITION CL A WRNT 1/26/2031	LFACW	$5.6K	20,000	0.00%	flat	3q	HELD
Keystone Acquisition Corp	KEYYW	$5.5K	15,000	0.00%	-	new	NEW
STARLINK AI ACQUISITION CORP	OTAIRT	$5.4K	30,000	0.00%	-	new	NEW
ABONY ACQUISITION I EQY WARRANTS	AACOW	$5.3K	13,333	0.00%	flat	2q	HELD
Mountain Crest Acquisition 6 Right 04/29/2027	MCAHR	$5.2K	20,000	0.00%	-	new	NEW
Twelve Seas Invt Co Iii Right 11/21/2030	TWLVR	$5.2K	40,000	0.00%	flat	3q	HELD
MERIDIAN3 INDUSTRIALS ACQUISITION CORP	MIACW	$5.1K	15,000	0.00%	-	new	NEW
M Evo Global Acquisition Corp II	MEVOW	$5.1K	17,500	0.00%	flat	3q	HELD
General Purpose Acquisition Corp	GPACW	$4.9K	20,000	0.00%	flat	3q	HELD
American Drive Acquisition Co	ADACW	$4.9K	13,333	0.00%	flat	3q	HELD
LEGATO MERGER IV EQY WARRANT	LEGOWS	$4.9K	13,333	0.00%	flat	2q	HELD
ALDABRA 4 LQDTY OPTY VH EQY WARRANTS	ALOVW	$4.9K	13,333	0.00%	flat	2q	HELD
Gigcapital8 Corp Right 09/30/2030	GIWWR	$4.9K	18,000	0.00%	flat	4q	HELD
ALPEX ACQUISITION CORP	ALPXR	$4.8K	30,000	0.00%	-	new	NEW
ARMADA ACQUISITION III EQY WARRANT	AACIW	$4.8K	20,000	0.00%	flat	2q	HELD
Suma Acquisition Corp Right 03/05/2031	SUMAR	$4.7K	20,000	0.00%	flat	2q	HELD
Sc Ii Acquisition Corp Right 11/26/2030	SCIIR	$4.6K	30,000	0.00%	flat	3q	HELD
MUZERO ACQUISITION EQY WARRANT	MUZEW	$4.6K	20,000	0.00%	flat	2q	HELD
Trg Latin Amer Acquis Corp Right 02/20/2031	TRGSR	$4.5K	30,000	0.00%	flat	2q	HELD
MERCATOR ACQUISITION CORP	MRCOW	$4.5K	15,000	0.00%	-	new	NEW
Vine Hill Capital Investment Corp II	VHCPW	$4.4K	13,333	0.00%	flat	3q	HELD
CAMBRIDGE ACQUISITION EQY WARRANTS	CAQUW	$4.2K	13,333	0.00%	flat	2q	HELD
BURTECH ACQUISITION CORP II	BRKHW	$4.2K	30,000	0.00%	-	new	NEW
JAB ACQUISITION CORP I	ATLQR	$4.2K	30,000	0.00%	-	new	NEW
X3 Acquisition Corp Ltd	XCBEW	$4.1K	20,000	0.00%	flat	2q	HELD
Launchpad Cadenza Acquisition Corp I	LPCVW	$4.1K	13,333	0.00%	flat	3q	HELD
Praetorian Acquisition Corp	PTORW	$4.1K	13,333	0.00%	flat	2q	HELD
SilverBox Corp V	SBXEWS	$4.0K	13,333	0.00%	flat	3q	HELD
Xsolla SPAC 1	XSLLW	$4.0K	20,000	0.00%	flat	2q	HELD
IRON DOME ACQUISITION I CORP	IDACW	$3.9K	15,000	0.00%	-	new	NEW
LONG TABLE GROWTH CORP	LTGRW	$3.9K	15,000	0.00%	-	new	NEW
PELICAN ACQUISITION II CORP	PLCIR	$3.9K	30,000	0.00%	-	new	NEW
Xflh Cap Corp Right 12/31/2029	XFLHRT	$3.9K	39,000	0.00%	flat	3q	-2.5%
Energy Transition Special Opportunities	ETSSWS	$3.8K	15,000	0.00%	flat	2q	HELD
RMG ML SPORTS HOLDINGS	SHOTR	$3.8K	30,000	0.00%	-	new	NEW
IDEA ACQUISITION EQY WARRANTS	IACOW	$3.7K	13,333	0.00%	flat	2q	HELD
Maywood Acquisition Corp 2	MYXXR	$3.6K	20,000	0.00%	flat	2q	HELD
TGE Value Creative Solutions Corp	BEBEWS	$3.6K	20,000	0.00%	flat	3q	HELD
EAST WEST AVE ACQUISITION CORP	EWAVR	$3.6K	30,000	0.00%	-	new	NEW
DISCIPLINED GROWTH ACQUISITION CORP	DGACRT	$3.6K	30,000	0.00%	-	new	NEW
ITHAX ACQUISITION CORP III WARRANTS	ITHAW	$3.6K	20,000	0.00%	flat	3q	HELD
SNOW ROTHSCHILD ACQUISITION CORP	ISNRW	$3.5K	15,000	0.00%	-	new	NEW
TRIBECA STRATEGIC ACQUISITION CORP	BIDWR	$3.5K	30,000	0.00%	-	new	NEW
Hennessy Capital Investment Corp. VIII	HCICR	$3.4K	40,000	0.00%	flat	2q	HELD
Ai Infrastructure Acquisi Right 99/99/9999	AIIART	$3.4K	20,000	0.00%	flat	4q	HELD
TEXAS VENTURES ACQUISITION IV CORP	TVIVW	$3.3K	15,000	0.00%	-	new	NEW
FG Imperii Acquisition Corp	FGIIW	$3.2K	20,000	0.00%	flat	3q	HELD
Bhav Acquisition Corp Right 03/18/2031	BHAVR	$3.0K	20,000	0.00%	flat	2q	HELD
Apogee Acquisition Corp Right 03/27/2031	AACPR	$3.0K	20,000	0.00%	flat	2q	HELD
FUTUREWAVE ACQUISITION CORP	FWACR	$3.0K	24,598	0.00%	-	new	NEW
PATRIOT ACQUISITION CORP	PTACW	$2.9K	15,000	0.00%	-	new	NEW
Soren Acquisition Corp	SORNW	$2.8K	13,333	0.00%	flat	3q	HELD
Arc Group Acquisition I Corp Right 04/21/2031	ARCLR	$2.8K	20,000	0.00%	flat	2q	HELD
AMPERCAP ACQUISITION CO-R	APMCR	$2.7K	30,000	0.00%	-	new	NEW
Quantum Leap Acquisition Corp - US	QLEPWS	$2.7K	20,000	0.00%	flat	2q	HELD
Drugs Made In Amer Acq Ii Co Right 09/16/2030	DMIIR	$2.6K	40,000	0.00%	flat	4q	HELD
Tailwind 2.0 Acquisition Corp	TDWDR	$2.5K	25,000	0.00%	flat	4q	HELD
FORTUNEX ACQUISITION CORP	FXACW	$2.4K	15,000	0.00%	-	new	NEW
Peace Acquisition Corp - US	PECEW	$2.4K	30,000	0.00%	flat	2q	HELD
StoneBridge Acquisition II	APACR	$2.2K	20,000	0.00%	flat	4q	HELD

Showing the largest 400 of 411 positions.

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
Banks & Lending	$144.0M	14.1%
Semiconductors & Electronics	$126.6M	12.4%
Food, Drink & Tobacco	$120.9M	11.9%
Energy	$64.6M	6.3%
Telecom & Media	$55.9M	5.5%
Holding & Investment	$52.9M	5.2%
Business Services	$52.4M	5.1%
Insurance	$50.6M	5.0%
Biotech & Pharma	$41.4M	4.1%
Construction & Building	$40.3M	4.0%
Mining & Metals	$34.0M	3.3%
Transport & Logistics	$30.1M	3.0%
Other sectors	$177.2M	17.4%
Not classified	$28.9M	2.8%

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	+0.5%	+2.1%	-1.7%	87%
Q2 2026	+3.3%	+14.8%	-11.5%	88%
Q1 2026	+1.4%	-4.6%	+6.0%	92%
Q4 2025	+6.6%	+2.4%	+4.2%	92%
Q3 2025	+5.7%	+7.8%	-2.1%	92%
Q2 2025	+6.7%	+10.5%	-3.7%	94%
Q1 2025	+7.3%	-4.6%	+11.8%	93%

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	$1.0B	411	161	36	34	131	42.6%	23
Q2 2026	$926.1M	381	196	39	50	179	37.5%	20
Q1 2026	$752.9M	364	221	26	47	170	41.9%	34
Q4 2025	$1.1B	313	232	43	32	119	36.5%	35
Q3 2025	$1.0B	200	116	37	40	114	35.2%	37
Q2 2025	$875.5M	198	95	68	35	88	33.8%	39
Q1 2025	$538.1M	191	105	42	42	106	32.1%	39
Q4 2024	$697.3M	192	0	0	0	0	36.0%	30

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.