DaveManuel.com · Institutional Ownership · 13F Holdings

GABELLI & Co INVESTMENT ADVISERS, INC.

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK

932724

Reported value

$687.6M

Positions

316

Top 10 weight

31.7%

Filed

2026-08-12

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
ELECTRONIC ARTS INC	EA	$30.7M	149,750	4.47%	+0.29pp	4q	+8.6%+$2.4M
WARNER BROS DISCOVERY INC	WBD	$29.7M	1,113,240	4.32%	+0.54pp	17q	+19.9%+$4.9M
CHART INDS INC	GTLS	$29.2M	139,714	4.25%	+0.29pp	5q	+8.3%+$2.2M
TXNM ENERGY INC	TXNM	$22.2M	391,636	3.23%	+0.23pp	5q	+13.1%+$2.6M
JANUS HENDERSON GROUP PLC	JHG	$20.0M	385,800	2.91%	+1.23pp	3q	+74.2%+$8.5M
GABELLI DIVID & INCOME TR	GDV	$18.4M	626,000	2.68%	+0.18pp	7q	HELD
KENVUE INC	KVUE	$17.4M	912,600	2.54%	+0.64pp	3q	+22.9%+$3.2M
PENUMBRA INC	PEN	$16.8M	53,292	2.45%	-0.07pp	2q	+3.1%+$505.2K
NORFOLK SOUTHN CORP	NSC	$16.8M	53,320	2.44%	+0.22pp	4q	+2.3%+$377.5K
AES CORP	AES	$16.5M	1,123,650	2.40%	+1.42pp	2q	+140.0%+$9.6M
GDL FD	GDL	$15.6M	1,846,636	2.27%	-0.01pp	7q	HELD
DIGITALBRIDGE GROUP INC	DBRG	$14.4M	912,680	2.09%	+0.74pp	3q	+54.0%+$5.0M
WEBSTER FINL CORP	WBS	$13.8M	181,147	2.01%	+0.70pp	2q	+42.3%+$4.1M
ROKU INC	ROKU	$13.5M	97,800	1.96%	-	new	NEW
BIO TECHNE CORP	TECH	$11.4M	161,250	1.66%	-	new	NEW
APOGEE THERAPEUTICS INC	APGE	$10.8M	81,645	1.58%	-	new	NEW
Gabelli Global Utility & Income Trust	GLU	$9.3M	486,810	1.36%	-0.02pp	7q	HELD
NUVALENT INC	NUVL	$9.2M	74,244	1.33%	-	new	NEW
SILICON LABORATORIES INC	SLAB	$8.8M	40,279	1.28%	+0.92pp	2q	+245.7%+$6.3M
GLOBAL BUSINESS TRAVEL GROUP	GBTG	$8.1M	862,492	1.18%	-	new	NEW
ORGANON & CO	OGN	$7.4M	548,700	1.08%	-	new	NEW
ESPERION THERAPEUTICS INC NECOM	ESPR	$7.3M	2,315,900	1.06%	-	new	NEW
LIBERTY BROADBAND CORP	LBRDK	$7.2M	217,290	1.05%	-0.57pp	8q	HELD
Dominion Energy, Inc.	D	$6.8M	100,000	0.99%	-	new	NEW
CAESARS ENTERTAINMENT INC NE	CZR	$6.5M	214,808	0.94%	+0.82pp	16q	+611.3%+$5.6M
TWO HBRS INVT CORP	TWO	$6.4M	518,237	0.94%	+0.73pp	3q	+334.1%+$4.9M
CROSS CTRY HEALTHCARE INC	CCRN	$6.3M	479,988	0.92%	+0.81pp	7q	+518.1%+$5.3M
UNIFIRST CORP MASS	UNF	$6.1M	23,000	0.88%	-	new	NEW
LIVERAMP HLDGS INC	RAMP	$5.5M	145,199	0.79%	-	new	NEW
CATALYST PHARMACEUTICALS INC	CPRX	$5.0M	159,003	0.73%	-	new	NEW
TAYLOR MORRISON HOME CORP	TMHC	$4.9M	68,250	0.71%	-	new	NEW
INTERNATIONAL MNY EXPRESS IN	IMXI	$4.8M	333,000	0.70%	+0.06pp	4q	+22.1%+$870.6K
nan	BLD	$4.6M	11,000	0.67%	-	new	NEW
IHS HOLDING LIMITED	IHS	$4.6M	553,933	0.66%	+0.15pp	2q	+30.6%+$1.1M
AMAZON COM INC	AMZN	$4.5M	19,000	0.66%	-0.02pp	7q	-13.6%-$715.0K
MCGRATH RENTCORP	MGRC	$4.4M	36,358	0.64%	+0.23pp	10q	+44.3%+$1.4M
SOULPOWER	SOUL	$4.2M	403,700	0.61%	-0.01pp	4q	HELD
LIBERTY BROADBAND CORP	LBRDA	$4.2M	125,000	0.61%	-0.33pp	2q	HELD
BREEZE ACQ CRP II; TNT ACQ DT: 5/13/2027; CASH: $10.03	BREZ	$4.1M	414,950	0.60%	-	new	NEW
ARCOSA INC	ACA	$4.0M	27,791	0.59%	-	new	NEW
TRUBRIDGE INC	TBRG	$3.8M	146,600	0.56%	-	new	NEW
GLOBALSTAR INC	GSAT	$3.7M	45,900	0.54%	-	new	NEW
LIBERTY LIVE HOLDINGS INC	LLYVK	$3.7M	35,054	0.54%	+0.05pp	3q	HELD
PAYONEER GLOBAL INC	PAYO	$3.6M	506,688	0.52%	-	new	NEW
BRIGHTHOUSE FINL INC	BHF	$3.5M	55,550	0.51%	+0.09pp	4q	+16.8%+$506.4K
APEX TECH ACQ CRP; TNT ACQ DT: 5/26/2027; CASH: $10.00	TRAD	$3.4M	344,000	0.50%	-	new	NEW
ECHOSTAR CORP	ECHO	$3.4M	33,698	0.50%	-	new	NEW
FOX CORP	FOX	$3.4M	72,313	0.49%	-0.63pp	14q	-49.4%-$3.3M
EQV VENTURES AC CORP. II O	EVAC	$3.3M	325,250	0.48%	-0.01pp	2q	HELD
AstroNova, Inc.	ALOT	$3.3M	114,650	0.47%	-	new	NEW
SKYWATER TECHNOLOGY INC	SKYT	$3.1M	87,636	0.44%	-0.11pp	2q	-35.4%-$1.7M
GIGCAPITAL8 CORP O	GIW	$3.0M	299,871	0.44%	flat	2q	HELD
MADISON SQUARE GRDN SPRT COR	MSGS	$2.8M	7,078	0.41%	+0.08pp	22q	HELD
TELESAT CORP	TSAT	$2.8M	55,911	0.41%	+0.13pp	19q	+4.9%+$131.6K
ACP HOLDINGS ACQUISITION COR	ACGCU	$2.8M	275,000	0.40%	-	new	NEW
GSR IV ACQUISITION CORP C	GSRF	$2.7M	269,900	0.40%	flat	3q	HELD
OTG Acquisition Corp I	OTGA	$2.7M	269,200	0.40%	flat	2q	HELD
M3-BRIGADE ACQUISITION VI CO ORD SH	MBVI	$2.7M	269,400	0.40%	flat	3q	HELD
CHURCHILL CAPITAL CORP IX	CCIX	$2.7M	249,650	0.40%	flat	6q	HELD
TALKSPACE INC	TALK	$2.6M	504,263	0.38%	+0.05pp	2q	+18.0%+$399.4K
OYSTER ENTERPRISES II ACQUIS ORD SH	OYSE	$2.6M	250,700	0.38%	flat	4q	HELD
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00	ZKP	$2.5M	255,400	0.37%	-	new	NEW
ATLANTA BRAVES HLDGS INC	BATRK	$2.5M	48,340	0.36%	-0.13pp	12q	-37.7%-$1.5M
WHITE PEARL ACQUISITION CORP	WPAC	$2.5M	246,600	0.36%	+0.29pp	2q	+419.2%+$2.0M
Quantum Leap Acquisition Corp	QLEP	$2.4M	245,500	0.35%	-	new	NEW
Silicon Valley Acquisition Corp	SVAQ	$2.4M	240,300	0.35%	flat	2q	HELD
OPEN LENDING CORP	LPRO	$2.4M	772,958	0.35%	-	new	NEW
GRAHAM HLDGS CO	GHC	$2.4M	2,094	0.35%	+0.02pp	13q	HELD
JACKSON ACQUISITION CO II COM SHS CL A	JACS	$2.3M	220,100	0.34%	-0.01pp	5q	HELD
AEON ACQUISITION I CORP	AESPU	$2.3M	230,600	0.34%	-	new	NEW
NMP Acquisition Corp	NMP	$2.3M	220,600	0.33%	flat	3q	HELD
GSR V ACQUISITION CORP	GSRVU	$2.3M	225,750	0.33%	-	new	NEW
SIMULATIONS PLUS INC	SLP	$2.2M	119,150	0.32%	-	new	NEW
AVANOS MED INC	AVNS	$2.1M	84,350	0.31%	-	new	NEW
NATIONAL FUEL GAS CO	NFG	$2.0M	26,500	0.30%	-0.07pp	7q	HELD
SERITAGE GROWTH PPTYS	SRG	$2.0M	773,654	0.30%	-0.03pp	16q	HELD
APPLIED MATLS INC	AMAT	$2.0M	2,800	0.29%	+0.15pp	15q	HELD
CHURCHILL CAP CORP XI	CCXI	$2.0M	113,450	0.29%	-	new	NEW
SELECT MED HLDGS CORP	SEM	$2.0M	119,550	0.29%	-0.05pp	2q	-15.0%-$348.4K
GALAXYEDGE ACQUISITION CORP	GLED	$2.0M	196,500	0.28%	-	new	NEW
NCR ATLEOS CORPORATION	NATL	$1.9M	44,691	0.28%	-	new	NEW
CISCO SYS INC	CSCO	$1.9M	16,500	0.28%	+0.09pp	13q	HELD
T MOBILE US INC	TMUS	$1.9M	11,500	0.28%	-0.08pp	25q	HELD
CRANE HBR ACQUISITION CORP I	CRAN	$1.9M	188,400	0.28%	flat	2q	HELD
CLEAR CHANNEL OUTDOOR HLDGS	CCO	$1.8M	760,280	0.27%	flat	29q	HELD
GABELLI MULTIMEDIA	GGT	$1.8M	432,582	0.26%	+0.01pp	7q	HELD
FIFTH ERA ACQUISITION CORP I ORD SH	FERA	$1.8M	174,500	0.26%	flat	4q	HELD
DRUGS MADE IN AMER ACQ II CO	DMII	$1.8M	179,500	0.26%	flat	2q	HELD
OCEAN CAP ACQUISITION CORP	OCACU	$1.8M	175,600	0.26%	-	new	NEW
CANNAE HLDGS INC	CNNE	$1.8M	123,250	0.26%	+0.06pp	5q	+6.6%+$109.4K
COLOMBIER ACQUISITION CORP I	CLBR	$1.7M	169,800	0.25%	-	new	NEW
STUBHUB HLDGS INC	STUB	$1.7M	134,150	0.25%	+0.13pp	4q	HELD
STURM RUGER & CO INC	RGR	$1.7M	44,500	0.24%	-	new	NEW
GABELLI CONV & INC SECS FD I	GCV	$1.6M	340,900	0.23%	+0.02pp	31q	HELD
EMMIS ACQUISITION CORP.	EMIS	$1.6M	157,100	0.23%	flat	3q	HELD
ARC GROUP ACQUISITION I CORP	ARCLU	$1.6M	153,600	0.23%	-	new	NEW
TEXAS INSTRS INC	TXN	$1.6M	5,250	0.23%	+0.08pp	31q	HELD
EURONET WORLDWIDE INC	EEFT	$1.6M	21,191	0.23%	+0.08pp	3q	+38.6%+$431.8K
CROWN RESV ACQUISITION CORP	CRAC	$1.5M	153,000	0.22%	-	new	NEW
MGM RESORTS INTERNATIONAL	MGM	$1.5M	32,075	0.22%	-	new	NEW
IRENIC ACQUISITION CORP	IACQU	$1.5M	149,400	0.22%	-	new	NEW
TEXAS PACIFIC LAND CORPORATI	TPL	$1.5M	3,450	0.22%	-0.02pp	7q	HELD
RIBBON ACQUISITION CORP	RIBB	$1.5M	139,200	0.22%	flat	5q	HELD
WESTIN ACQUISITION CORP	WSTN	$1.5M	148,200	0.22%	-	new	NEW
NET LEASE OFFICE PROPERTIES	NLOP	$1.5M	133,151	0.22%	+0.07pp	10q	+54.2%+$520.7K
INFLECTION PT ACQUISITION CO	IPCX	$1.5M	142,800	0.21%	flat	4q	HELD
NXP SEMICONDUCTORS N V	NXPI	$1.5M	5,200	0.21%	+0.06pp	19q	HELD
DOUBLEDOWN INTERACTIVE CO LT	DDI	$1.4M	126,000	0.21%	-	new	NEW
BRIGHTSTAR LOTTERY PLC	BRSL	$1.4M	132,704	0.21%	-0.04pp	8q	HELD
STARLINK AI ACQUISITION CORP	OTAIU	$1.4M	140,250	0.21%	-	new	NEW
Infinite Eagle Acquisition Corp	IEAG	$1.4M	139,900	0.21%	flat	2q	HELD
STARBUCKS CORP	SBUX	$1.4M	13,800	0.21%	+0.02pp	7q	HELD
BANK OF NY MELLON CORP	BNY	$1.4M	9,700	0.20%	+0.03pp	31q	HELD
MICROSOFT CORP	MSFT	$1.4M	3,710	0.20%	+0.01pp	7q	+5.7%+$74.6K
ATLANTA BRAVES HLDGS INC	BATRA	$1.4M	24,000	0.20%	+0.03pp	12q	HELD
GABELLI GLOBAL SMALL & MID C	GGZ	$1.3M	82,711	0.20%	+0.01pp	7q	HELD
GCI LIBERTY INC	GLIBK	$1.3M	62,344	0.20%	-0.16pp	4q	-3.3%-$45.3K
AI INFRASTRUCTURE ACQUISI	AIIA	$1.3M	129,600	0.19%	flat	2q	HELD
HAGERTY INC	HGTY	$1.2M	103,300	0.18%	+0.02pp	7q	HELD
FIRST SEACOAST BANCORP INC COM	FSEA	$1.2M	71,500	0.18%	-	new	NEW
LAKESHORE ACQUISITION III CO	LCCC	$1.2M	113,900	0.17%	flat	4q	HELD
ELME COMMUNITIES SH BEN INT	ELME	$1.2M	798,929	0.17%	flat	4q	+37.8%+$324.5K
BROADCOM INC	AVGO	$1.2M	3,125	0.17%	+0.03pp	16q	HELD
PEACE ACQUISITION CORP	PECEU	$1.2M	111,450	0.17%	-	new	NEW
BLUEPORT ACQUISITION LTD	BPACU	$1.1M	108,200	0.16%	flat	3q	HELD
KKR & CO INC	KKR	$1.1M	12,000	0.16%	flat	7q	HELD
GRUPO TELEVISA S A B	TV	$1.1M	394,950	0.16%	-0.01pp	31q	HELD
GYRODYNE LLC	GYRO	$1.1M	173,084	0.15%	-0.05pp	31q	HELD
WHITESTONE REIT	WSR	$1.0M	55,151	0.15%	+0.03pp	2q	+12.1%+$112.8K
COHEN CIRC	CCII	$1.0M	99,800	0.15%	flat	4q	HELD
AVERIN CAP ACQUISITION CORP	ACAA	$1.0M	102,500	0.15%	-	new	NEW
SILVER PEGASUS ACQUISITION C	SPEGU	$1.0M	95,700	0.15%	flat	4q	HELD
CARTESIAN GROWTH CORP IV	CGCFU	$1.0M	101,150	0.15%	-	new	NEW
OLAPLEX HLDGS INC	OLPX	$963.8K	470,148	0.14%	flat	2q	HELD
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$955.1K	2,000	0.14%	+0.04pp	10q	HELD
APARTMENT INVT & MGMT CO	AIV	$945.4K	318,315	0.14%	-0.09pp	2q	-16.1%-$181.6K
STAAR SURGICAL CO	STAA	$932.4K	32,500	0.14%	-0.24pp	4q	-75.7%-$2.9M
ESSENTIAL UTILS INC	WTRG	$910.4K	23,763	0.13%	-	new	NEW
AVALONBAY COMMUNITIES INC	AVB	$897.0K	4,754	0.13%	-	new	NEW
GE AEROSPACE	GE	$897.0K	2,400	0.13%	+0.03pp	7q	HELD
CYTOKINETICS INC	CYTK	$896.9K	10,528	0.13%	flat	4q	-22.5%-$259.8K
META PLATFORMS INC	META	$895.6K	1,590	0.13%	flat	25q	HELD
STRATASYS LTD	SSYS	$895.2K	104,584	0.13%	+0.01pp	12q	HELD
Apogee Acquisition Corp Unit 03/27/2031	AACPU	$891.2K	87,200	0.13%	-	new	NEW
SCRIPPS E W CO OHIO	SSP	$891.0K	321,650	0.13%	flat	3q	+33.2%+$222.0K
MISSION PRODUCE INC	AVO	$857.0K	72,691	0.12%	-0.05pp	2q	-15.5%-$156.9K
SPORTSMANS WHSE HLDGS INC	SPWH	$849.1K	638,402	0.12%	-0.01pp	22q	HELD
CNH INDL N V	CNH	$842.2K	75,000	0.12%	flat	7q	HELD
ZIM INTEGRATED SHIPPING SERV	ZIM	$835.9K	32,150	0.12%	+0.01pp	2q	+16.3%+$117.0K
REVOLUTION MEDICINES INC	RVMD	$833.4K	4,450	0.12%	-0.07pp	2q	-66.8%-$1.7M
BOEING CO	BA	$822.6K	3,800	0.12%	+0.01pp	7q	HELD
SONY GROUP CORP	SONY	$743.5K	37,065	0.11%	flat	31q	+8.8%+$60.2K
MANCHESTER UTD PLC NEW	MANU	$736.3K	32,112	0.11%	-0.03pp	14q	-43.2%-$559.1K
OXLEY BRID	OBA	$713.4K	69,800	0.10%	flat	4q	HELD
CANTOR EQU	CEPF	$707.2K	68,000	0.10%	-	new	NEW
GE VERNOVA INC	GEV	$704.9K	600	0.10%	+0.02pp	5q	HELD
QUANTUMSPHERE ACQUISITION CO	QUMSU	$699.3K	67,700	0.10%	flat	4q	HELD
SPECTRUM BRANDS HOLDINGS INC	SPB	$686.0K	8,000	0.10%	+0.01pp	7q	HELD
LKQ CORP	LKQ	$678.0K	25,750	0.10%	-	new	NEW
BANCROFT FD LTD	BCV	$667.9K	25,700	0.10%	+0.02pp	7q	HELD
FORTUNEX ACQUISITION CORP	FXACU	$660.3K	65,700	0.10%	-	new	NEW
FUTUREWAVE ACQUISITION CORP	FWACU	$633.9K	63,200	0.09%	-	new	NEW
AFFINITY BANCSHARES INC	AFBI	$631.7K	27,950	0.09%	flat	2q	HELD
MCDONALDS CORP	MCD	$621.7K	2,300	0.09%	-0.02pp	7q	HELD
UYSCUTIACQUISITIONCORP.	UYSC	$618.5K	57,800	0.09%	flat	4q	HELD
SANDISK CORP	SNDK	$604.8K	266	0.09%	-	new	NEW
PFIZER INC	PFE	$602.0K	25,000	0.09%	-0.02pp	7q	HELD
MONRO INC	MNRO	$589.4K	34,450	0.09%	-	new	NEW
PROTO LABS INC	PRLB	$570.6K	7,000	0.08%	-0.04pp	21q	-51.7%-$611.3K
AGRICULTURE & NAT SOL ACQ CO	ANSC	$569.9K	49,900	0.08%	flat	10q	HELD
IRIDIUM COMMUNICATIONS INC	IRDM	$567.7K	10,350	0.08%	-	new	NEW
LIGHTWAVE	LWAC	$566.2K	55,400	0.08%	flat	4q	HELD
CHURCHILL CAP CORP XII	CXIIU	$556.2K	51,500	0.08%	-	new	NEW
GRIFOLS S A	GRFS	$550.3K	77,728	0.08%	-0.01pp	31q	HELD
LIBERTY GLOBAL LTD	LBTYA	$540.1K	47,500	0.08%	-0.01pp	11q	HELD
STAR HLDGS	STHO	$539.1K	59,050	0.08%	+0.01pp	14q	HELD
FORTINET INC	FTNT	$537.7K	3,500	0.08%	+0.04pp	8q	HELD
ICHOR HOLDINGS	ICHR	$527.7K	4,700	0.08%	+0.04pp	2q	HELD
TOWER SEMICONDUCTOR LTD	TSEM	$521.3K	2,000	0.08%	+0.02pp	3q	HELD
WESTERN DIGITAL CORP	WDC	$511.0K	800	0.07%	+0.04pp	2q	HELD
ONEIM ACQU	OIM	$494.4K	49,100	0.07%	-	new	NEW
PLUTONIAN ACQUISITION CORP I	PLUNU	$481.6K	47,500	0.07%	-	new	NEW
HEXCEL CORP NEW	HXL	$480.3K	4,800	0.07%	+0.01pp	7q	HELD
FORTRESS V	FVAV	$480.2K	47,500	0.07%	flat	2q	HELD
JETBLUE AIRWAYS CORP	JBLU	$477.9K	83,400	0.07%	+0.01pp	7q	HELD
SCOTTS MIRACLE GRO CO	SMG	$476.8K	7,000	0.07%	+0.01pp	5q	HELD
ENTEGRIS INC	ENTG	$467.6K	2,600	0.07%	+0.02pp	3q	HELD
GOODYEAR TIRE & RUBR CO	GT	$462.0K	70,000	0.07%	flat	7q	HELD
GigCapital9 Corp	GIX	$455.3K	45,850	0.07%	-	new	NEW
MILLICOM INTL CELLULAR S A	TIGO	$453.8K	5,000	0.07%	+0.01pp	5q	HELD
NVIDIA CORPORATION	NVDA	$450.2K	2,250	0.07%	+0.01pp	3q	HELD
ARISTA NETWORKS INC	ANET	$441.7K	2,600	0.06%	+0.02pp	4q	HELD
M3BRIGADE ACQUISITION V CORP CL A	VLOS	$434.8K	40,150	0.06%	flat	7q	HELD
APPLE INC	AAPL	$434.0K	1,500	0.06%	+0.01pp	14q	HELD
STATE STR CORP	STT	$424.0K	2,500	0.06%	+0.01pp	7q	HELD
ELI LILLY & CO	LLY	$419.8K	350	0.06%	+0.01pp	4q	HELD
SPHERE ENTERTAINMENT CO	SPHR	$418.7K	2,420	0.06%	+0.02pp	3q	HELD
BRIGHTSPRING HEALTH SVCS INC	BTSG	$418.4K	6,000	0.06%	+0.03pp	2q	+20.0%+$69.7K
SINCLAIR INC	SBGI	$413.2K	29,000	0.06%	flat	13q	HELD
PROCTER & GAMBLE CO	PG	$410.6K	2,800	0.06%	flat	7q	HELD
BANK OF AMER CORP	BACPRL	$407.7K	325	0.06%	flat	19q	HELD
CHECK POINT SOFTWARE TECH LT	CHKP	$407.4K	3,100	0.06%	-0.01pp	2q	HELD
TELEPHONE DATA SYSTEM INC	TDS	$407.1K	11,000	0.06%	-0.01pp	31q	HELD
TEVA PHARMACEUTICAL INDS LTD	TEVA	$406.6K	12,000	0.06%	+0.01pp	9q	HELD
COPART INC	CPRT	$394.7K	14,000	0.06%	-0.01pp	7q	HELD
TESLA INC	TSLA	$378.5K	900	0.06%	+0.01pp	7q	HELD
VERSANT MEDIA GROUP INC	VSNT	$370.6K	10,292	0.05%	flat	2q	HELD
ALGONQUIN POWER & UTILITIES	AQN	$363.3K	62,000	0.05%	flat	12q	HELD
ADVANCE AUTO PARTS INC	AAP	$360.9K	5,800	0.05%	+0.01pp	7q	HELD
CHURCHILL DOWNS INC	CHDN	$358.6K	4,000	0.05%	flat	7q	HELD
AMERICAN OUTDOOR BRANDS INC	AOUT	$354.4K	30,186	0.05%	+0.01pp	18q	HELD
HEWLETT PACKARD ENTERPRISE C	HPEPRC	$349.9K	3,025	0.05%	-	new	NEW
MERCK & CO INC	MRK	$346.9K	2,700	0.05%	flat	6q	HELD
VODAFONE GROUP PLC	VOD	$343.9K	26,000	0.05%	-0.01pp	11q	HELD
LUMENTUM HLDGS INC	LITE	$343.2K	400	0.05%	+0.01pp	2q	HELD
ABBVIE INC	ABBV	$339.7K	1,350	0.05%	+0.01pp	25q	HELD
BRIDGEBIO PHARMA INC	BBIO	$335.2K	4,500	0.05%	flat	4q	HELD
WESTWOOD HLDGS GROUP INC	WHG	$326.4K	17,038	0.05%	+0.02pp	7q	+52.2%+$112.0K
UNIVERSAL DISPLAY CORP	OLED	$320.4K	3,700	0.05%	flat	14q	+15.6%+$43.3K
PROSHARES TR	SDS	$318.5K	5,600	0.05%	-0.02pp	2q	HELD
WELLS FARGO & CO	WFCPRL	$318.2K	275	0.05%	flat	19q	HELD
LIONSGATE STUDIOS CORP	LION	$311.7K	20,360	0.05%	+0.02pp	5q	-2.0%-$6.3K
BRIGHTSPRING HEALTH SVCS INC	BTSGU	$286.2K	1,250	0.04%	+0.01pp	2q	-16.7%-$57.2K
WALMART INC	WMT	$283.1K	2,500	0.04%	flat	7q	HELD
UNITEDHEALTH GROUP INC	UNH	$280.6K	675	0.04%	-	new	NEW
ALIGN TECHNOLOGY INC	ALGN	$274.1K	1,625	0.04%	flat	3q	HELD
ARLO TECHNOLOGIES INC	ARLO	$269.6K	20,000	0.04%	flat	26q	HELD
INSMED INC	INSM	$266.6K	2,500	0.04%	-	new	NEW
ABIVAX SA	ABVX	$266.5K	2,000	0.04%	-	new	NEW
OUTFRONT MEDIA INC	OUT	$262.1K	8,000	0.04%	+0.01pp	3q	HELD
CVS HEALTH CORP	CVS	$258.6K	2,500	0.04%	-	new	NEW
JOHNSON & JOHNSON	JNJ	$254.0K	1,000	0.04%	flat	3q	HELD
ALPHABET INC	GOOGL	$253.7K	710	0.04%	+0.01pp	3q	-0.7%-$1.8K
GILEAD SCIENCES INC	GILD	$252.7K	2,000	0.04%	flat	3q	HELD
FORD MTR CO	F	$250.2K	18,000	0.04%	+0.01pp	7q	HELD
TAKE-TWO INTERACTIVE SOFTWAR	TTWO	$250.0K	1,000	0.04%	-	new	NEW
THE CIGNA GROUP	CI	$248.1K	900	0.04%	flat	27q	HELD
TEXTRON INC	TXT	$247.7K	2,700	0.04%	flat	5q	HELD
GABELLI LOVE OUR PLANET & PEOP	LOPP	$243.0K	6,100	0.04%	flat	3q	HELD
SPDR SERIES TRUST	CWB	$242.6K	2,250	0.04%	flat	4q	HELD
COHERENT CORP	COHR	$242.2K	614	0.04%	-	new	NEW
TERADYNE INC	TER	$241.9K	500	0.04%	-	new	NEW
VULCAN MATLS CO	VMC	$236.0K	800	0.03%	flat	5q	HELD
INTEL CORP	INTC	$209.4K	1,500	0.03%	-	new	NEW
GABELLI ETFS TRUST	GCAD	$207.4K	3,700	0.03%	-	new	NEW
TENET HEALTHCARE CORP	THC	$205.8K	1,100	0.03%	-0.01pp	10q	-18.5%-$46.8K
FLOWSERVE CORP	FLS	$200.2K	2,700	0.03%	-	new	NEW
Factorial Energy Inc	FACWW	$152.0K	111,800	0.02%	-	new	NEW
KYNDRYL HLDGS INC	KD	$142.5K	12,600	0.02%	flat	7q	HELD
Eagle Nuclear Energy Cor	NUCL	$142.3K	14,805	0.02%	flat	2q	HELD
Trailblazer Acquisition Corp Unit 08/21/2030	BLZRU	$136.7K	13,400	0.02%	flat	4q	HELD
FUTURECREST ACQUISITION CORP CL A O	FCRS	$134.9K	13,100	0.02%	flat	2q	HELD
Snap, Inc.	SNAP	$133.2K	30,000	0.02%	-0.04pp	2q	-62.5%-$222.0K
Churchill Capital Corp XI	CCXIW	$130.9K	17,660	0.02%	-	new	NEW
TENCENT MUSIC ENTMT GROUP	TME	$116.9K	14,000	0.02%	flat	12q	HELD
BREEZE ACQUISITION CORP II	BREZR	$107.9K	414,950	0.02%	-	new	NEW
WENDYS CO	WEN	$107.8K	13,000	0.02%	flat	7q	HELD
GAMCO NAT RES GOLD & INCOME	GNT	$107.6K	13,205	0.02%	flat	7q	HELD
MAGNACHIP SEMICONDUCTOR CORP	MX	$106.4K	22,505	0.02%	-0.02pp	21q	-71.0%-$260.0K
GABELLI HEALTHCARE & WELLNES	GRX	$94.5K	10,000	0.01%	flat	2q	HELD
GSR IV ACQUISITION CORP	GSRFR	$92.9K	38,557	0.01%	flat	3q	HELD
Silicon Valley Acquisition Corp	SVAQW	$84.5K	114,250	0.01%	+0.01pp	2q	HELD
COLUMBUS ACQUISITION CORP	COLAR	$79.6K	144,700	0.01%	flat	6q	HELD
Gigcapital8 Corp Right 09/30/2030	GIWWR	$78.0K	299,871	0.01%	flat	2q	HELD
Apex Tech Acquisition Inc Right 02/17/2027	TRADRT	$75.7K	344,000	0.01%	-	new	NEW
SOULPOWER ACQUISITION CORP	SOULRT	$66.7K	572,100	0.01%	-0.01pp	4q	HELD
INFLECTION PT ACQUISITION CO	IPCXR	$64.3K	142,800	0.01%	flat	4q	HELD
FIFTH ERA ACQUISITION CORP I	FERAR	$57.6K	174,500	0.01%	flat	4q	HELD
JACKSON ACQUISITION CO II	JACSRT	$57.3K	408,800	0.01%	flat	6q	HELD
N-ABLE INC	NABL	$56.9K	15,500	0.01%	flat	17q	HELD
OTG Acquisition I Corp	OTGAW	$53.8K	134,600	0.01%	flat	2q	HELD
Presidio Production Co	FTWWS	$52.9K	38,366	0.01%	flat	2q	HELD
WHITE PEARL ACQUISITION CORP	WPACRT	$52.5K	186,600	0.01%	-	new	NEW
GEN DIGITAL INC	GENVR	$48.5K	38,300	0.01%	flat	5q	HELD
Emmis Acquisition Corp. Right 09/12/2030	EMISR	$47.0K	313,311	0.01%	flat	3q	HELD
RIBBON ACQUISITION CORP	RIBBR	$46.0K	177,000	0.01%	flat	5q	HELD
VISIONWAVE HOLDINGS INC	VWAVW	$45.0K	65,718	0.01%	flat	4q	HELD
EQV Ventures Acquisition Corp II	EVACWS	$43.1K	108,416	0.01%	flat	4q	HELD
Crane Hbr Acquisition Corp I Right 12/09/2030	CRANR	$42.4K	188,400	0.01%	flat	2q	HELD
PANTAGES CAPITAL ACQUISITION	PGACR	$41.5K	203,200	0.01%	flat	5q	HELD
NMP ACQUISITION CORP	NMPAR	$39.0K	220,600	0.01%	flat	3q	HELD
XEROX HOLDINGS CORP	XRX	$37.6K	12,000	0.01%	flat	7q	HELD
M3-BRIGADE ACQUISITION VI CO	MBVIW	$35.9K	89,800	0.01%	flat	3q	HELD
Galaxyedge Acquisition Corp Right 99/99/9999	GLEDRT	$32.6K	196,500	0.00%	-	new	NEW
Quantum Leap Acquisition Corp - US	QLEPWS	$31.9K	245,500	0.00%	-	new	NEW
Eureka Acquisition Corp	EURKR	$31.2K	89,200	0.00%	flat	7q	HELD
WTS/NEW ERA HELIUM INC EXP12/06/2029	NUAIW	$30.3K	10,550	0.00%	flat	7q	HELD
SPARK I ACQUISITION CORP	SPKWF	$30.0K	12,650	0.00%	flat	11q	HELD
EAGLE NUCLEAR ENERGY WARRANTS	NUCLW	$29.7K	20,450	0.00%	flat	2q	-18.4%-$6.7K
Oyster Enterprises Ii Acquis Right 05/22/2030	OYSER	$27.6K	250,700	0.00%	flat	4q	HELD
Ai Infrastructure Acquisi Right 99/99/9999	AIIART	$27.2K	129,600	0.00%	flat	2q	HELD
WESTIN ACQUISITION CORP	WSTNR	$25.5K	148,200	0.00%	-	new	NEW
Crown Resv Acquisition Corp Right 10/06/2030	CRACR	$24.5K	153,000	0.00%	-	new	NEW
LAKESHORE ACQUISITION III CO	LCCCR	$22.8K	113,900	0.00%	flat	4q	HELD
Lafayette Digital Acquisition Corp I	ZKPW	$20.6K	60,650	0.00%	-	new	NEW
COHEN CIRCLE ACQUISIT CORP I	CCIIW	$17.7K	24,950	0.00%	flat	4q	HELD
Colombier Acquisition Corp III	CLBRWS	$17.0K	21,225	0.00%	-	new	NEW
Drugs Made In Amer Acq Ii Co Right 09/16/2030	DMIIR	$14.4K	179,500	0.00%	flat	2q	HELD
Churchill Capital Corp IX	CCIXW	$13.0K	16,725	0.00%	flat	6q	HELD
DT CLOUD STAR ACQUISITION CO	DTSQR	$12.8K	116,000	0.00%	flat	3q	HELD
GAMEHAUS HOLDINGS INC	GMHS	$11.3K	11,440	0.00%	flat	6q	HELD
AVERIN CAP ACQUISITION CORP	ACAAW	$11.0K	17,083	0.00%	-	new	NEW
M3-Brigade Acquisition V Corp	VLOSW	$10.6K	28,750	0.00%	flat	7q	HELD
LightWave Acquisition Corp	LWACW	$8.6K	27,700	0.00%	flat	4q	HELD
A SPAC III ACQUISITION CORP	ASPCR	$8.4K	103,200	0.00%	flat	6q	HELD
Uy Scuti Acquisition Corp. Right 03/03/2030	UYSCR	$8.1K	57,800	0.00%	flat	4q	HELD
SunCar Technology Group Inc	SDAWW	$7.7K	47,400	0.00%	flat	13q	HELD
Oxley Bridge Acquisition Ltd	OBAWW	$7.6K	34,900	0.00%	flat	4q	HELD
DRUGS MADE IN AMER ACQUTN CO	DMAAR	$5.3K	48,100	0.00%	flat	2q	HELD
AGRICULTURE & NAT SOL ACQ CO	ANSCW	$5.0K	24,950	0.00%	flat	10q	HELD
CXApp Inc	CXAIW	$4.7K	83,053	0.00%	flat	14q	HELD
CROWN RESV ACQUISITION CORP	CRACW	$3.1K	76,500	0.00%	-	new	NEW
GREENLAND MINES LTD	GRML	$2.6K	10,000	0.00%	flat	8q	HELD
BIOMOTION SCIENCES-CW29	SLXNW	$1.2K	38,150	0.00%	flat	6q	HELD
MULTISENSOR AI HOLDINGS INC	MSAIW	$722	24,900	0.00%	flat	11q	HELD
7GC & CO HOLDINGS CL A -CW26	PARAW	$125	12,711	0.00%	flat	11q	HELD

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
Holding & Investment	$84.4M	12.3%
Telecom & Media	$55.3M	8.0%
Funds & ETFs	$49.0M	7.1%
Utilities	$46.8M	6.8%
Business Services	$30.2M	4.4%
Biotech & Pharma	$24.6M	3.6%
Semiconductors & Electronics	$21.7M	3.2%
Chemicals	$19.7M	2.9%
Transport & Logistics	$18.1M	2.6%
Medical Devices	$18.0M	2.6%
Software & IT Services	$13.1M	1.9%
Retail & Consumer	$10.3M	1.5%
Other sectors	$45.2M	6.6%
Not classified	$251.1M	36.5%

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
Q2 2026	+3.8%	+14.8%	-11.0%	67%
Q1 2026	-1.0%	-4.6%	+3.6%	70%
Q4 2025	+0.5%	+2.4%	-1.8%	72%
Q3 2025	+3.7%	+7.8%	-4.1%	76%
Q2 2025	+0.0%	+10.5%	-10.4%	78%
Q1 2025	+2.8%	-4.6%	+7.4%	82%
Q4 2024	-1.2%	+2.1%	-3.4%	72%
Q3 2024	+4.5%	+5.4%	-0.9%	86%

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
Q2 2026	$687.6M	316	84	34	20	65	31.7%	43
Q1 2026	$674.1M	297	77	39	27	59	32.6%	44
Q4 2025	$665.8M	279	70	39	32	64	33.9%	36
Q3 2025	$623.6M	273	82	36	37	74	33.4%	43
Q2 2025	$651.1M	265	62	50	29	48	33.3%	44
Q1 2025	$661.5M	251	50	48	27	49	32.7%	44
Q4 2024	$586.2M	250	89	55	22	64	34.0%	44
Q3 2024	$587.2M	225	42	42	38	79	34.5%	44
Q2 2024	$598.5M	262	46	44	25	45	32.8%	44
Q1 2024	$574.9M	261	47	31	39	43	38.9%	44
Q4 2023	$533.0M	257	59	37	33	62	41.7%	44
Q3 2023	$614.8M	260	49	32	20	54	43.6%	39
Q2 2023	$597.6M	265	92	40	12	73	39.5%	41
Q1 2023	$521.1M	246	53	36	9	98	41.1%	42
Q4 2022	$469.5M	291	44	33	41	215	36.8%	46
Q3 2022	$771.2M	462	54	47	34	84	29.7%	45
Q2 2022	$774.4M	492	55	70	24	75	25.7%	43
Q1 2022	$768.6M	512	94	59	29	74	26.8%	48
Q4 2021	$754.7M	492	88	60	41	81	34.3%	42
Q3 2021	$826.9M	485	156	53	33	118	31.6%	43
Q2 2021	$865.9M	447	156	42	40	121	34.3%	44
Q1 2021	$803.8M	412	215	41	75	127	32.1%	44
Q4 2020	$642.0M	324	178	27	66	91	35.1%	36
Q3 2020	$555.1M	237	101	39	34	49	37.0%	37
Q2 2020	$439.4M	185	31	28	52	37	45.2%	44
Q1 2020	$664.3M	191	41	34	39	48	44.3%	44
Q4 2019	$864.5M	198	69	29	22	56	41.4%	45
Q3 2019	$888.5M	185	44	45	19	53	38.8%	32
Q2 2019	$933.2M	194	67	41	12	42	40.4%	33
Q1 2019	$777.2M	169	60	39	15	48	44.4%	32
Q4 2018	$707.7M	157	0	0	0	0	45.5%	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.