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Aperture Investors, LLC

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13F filer, CIK 1787596, New York, NY

Aperture Investors, LLC reported $875,412,924 across 85 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 34.18% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000925

Period
2025-12-31
Reported value
$875M
Holdings
85
Top 10 weight
34.18%
New
21
Sold out
20

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ORAnew+231,633$25.6M
SPXCnew+121,406$24.3M
LITEnew+56,449$20.8M
PInew+117,118$20.4M
FSSadded+123,171$13.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TREXexited-406,610-$21M
VERXexited-752,431-$18.7M
AGXreduced-45,596-$14.3M
ACVAexited-1,103,348-$10.9M
BCreduced-142,635-$10.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000925, largest first. % of portfolio is the value over $716,309,254, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CAVACAVA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 229,808 shares; 2024Q4: 254,421 shares; 2025Q1: 271,569 shares; 2025Q2: 321,745 shares; 2025Q3: 318,461 shares; 2025Q4: 511,981 shares 511,981$30M4.19%+193,520Timeline
BROSDUTCH BROS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 291,916 shares; 2025Q2: 267,156 shares; 2025Q3: 445,714 shares; 2025Q4: 434,462 shares 434,462$26.6M3.71%-11,252Timeline
ORAORMAT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 231,633 shares 231,633$25.6M3.57%newTimeline
VXUSVANGUARD STAR FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 371,181 shares; 2024Q4: 371,181 shares; 2025Q1: 371,181 shares; 2025Q2: 339,093 shares; 2025Q3: 339,093 shares; 2025Q4: 339,093 shares 339,093$25.6M3.57%0Timeline
POWLPOWELL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 77,394 shares; 2025Q4: 76,693 shares 76,693$24.4M3.41%-701Timeline
SPXCSPX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 121,406 shares 121,406$24.3M3.39%newTimeline
IDCCINTERDIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 82,183 shares; 2025Q4: 71,239 shares 71,239$22.7M3.17%-10,944Timeline
FSSFEDERAL SIGNAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 194,331 shares; 2024Q4: 151,491 shares; 2025Q1: 121,572 shares; 2025Q2: 210,340 shares; 2025Q3: 80,929 shares; 2025Q4: 204,100 shares 204,100$22.2M3.09%+123,171Timeline
SNSHARKNINJA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 237,675 shares; 2024Q4: 263,077 shares; 2025Q1: 192,237 shares; 2025Q2: 258,229 shares; 2025Q3: 238,421 shares; 2025Q4: 196,362 shares 196,362$22M3.07%-42,059Timeline
HAYWHAYWARD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,122,078 shares; 2025Q1: 1,443,785 shares; 2025Q2: 1,704,916 shares; 2025Q3: 1,395,140 shares; 2025Q4: 1,387,143 shares 1,387,143$21.4M2.99%-7,997Timeline
TIGOMILLICOM INTL CELLULAR S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 383,048 shares; 2025Q4: 383,048 shares 383,048$21.2M2.96%0Timeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 56,449 shares 56,449$20.8M2.9%newTimeline
PIIMPINJ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 117,118 shares 117,118$20.4M2.85%newTimeline
STRLSTERLING INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 103,780 shares; 2025Q3: 80,213 shares; 2025Q4: 66,008 shares 66,008$20.2M2.82%-14,205Timeline
MTNVAIL RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 145,651 shares; 2025Q3: 166,927 shares; 2025Q4: 151,449 shares 151,449$20.1M2.81%-15,478Timeline
AAONAAON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 322,765 shares; 2025Q2: 334,144 shares; 2025Q3: 334,733 shares; 2025Q4: 260,212 shares 260,212$19.8M2.77%-74,521Timeline
BCBRUNSWICK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 298,717 shares; 2024Q4: 333,744 shares; 2025Q1: 340,565 shares; 2025Q2: 297,532 shares; 2025Q3: 391,372 shares; 2025Q4: 248,737 shares 248,737$18.5M2.58%-142,635Timeline
PTONPELOTON INTERACTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 834,633 shares; 2025Q2: 2,376,169 shares; 2025Q3: 2,630,449 shares; 2025Q4: 2,989,369 shares 2,989,369$18.4M2.57%+358,920Timeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,183 shares; 2025Q4: 54,587 shares 54,587$17.1M2.39%-45,596Timeline
SHAKSHAKE SHACK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 233,553 shares; 2024Q4: 174,797 shares; 2025Q1: 251,435 shares; 2025Q2: 151,067 shares; 2025Q3: 260,556 shares; 2025Q4: 207,366 shares 207,366$16.8M2.35%-53,190Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 114,572 shares; 2024Q4: 124,845 shares; 2025Q1: 124,845 shares; 2025Q2: 116,495 shares; 2025Q3: 118,126 shares; 2025Q4: 116,299 shares 116,299$14.5M2.03%-1,827Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 263,332 shares; 2024Q4: 263,332 shares; 2025Q1: 263,332 shares; 2025Q2: 263,332 shares; 2025Q3: 263,332 shares; 2025Q4: 263,332 shares 263,332$14.2M1.98%0Timeline
RRXREGAL REXNORD CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,345 shares; 2024Q4: 141,234 shares; 2025Q1: 186,484 shares; 2025Q2: 136,977 shares; 2025Q3: 146,081 shares; 2025Q4: 86,677 shares 86,677$12.2M1.7%-59,404Timeline
SAILSAILPOINT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 457,616 shares; 2025Q2: 1,102,358 shares; 2025Q3: 728,783 shares; 2025Q4: 577,417 shares 577,417$11.7M1.63%-151,366Timeline
NDAQNASDAQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 148,890 shares; 2024Q4: 96,107 shares; 2025Q1: 118,419 shares; 2025Q2: 136,978 shares; 2025Q3: 97,337 shares; 2025Q4: 107,760 shares 107,760$10.5M1.46%+10,423Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 69,164 shares; 2025Q2: 103,134 shares; 2025Q3: 117,746 shares; 2025Q4: 147,859 shares 147,859$8.89M1.24%+30,113Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,190 shares; 2024Q4: 16,190 shares; 2025Q1: 13,823 shares; 2025Q2: 18,022 shares; 2025Q3: 17,618 shares; 2025Q4: 15,329 shares 15,329$7.41M1.03%-2,289Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,432 shares; 2024Q4: 99,116 shares; 2025Q1: 99,116 shares; 2025Q2: 94,380 shares; 2025Q3: 188,760 shares; 2025Q4: 188,760 shares 188,760$6.9M0.96%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,366 shares; 2024Q4: 99,265 shares; 2025Q1: 45,459 shares; 2025Q2: 52,263 shares; 2025Q3: 42,516 shares; 2025Q4: 36,499 shares 36,499$6.81M0.95%-6,017Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 32,270 shares; 2025Q3: 30,033 shares; 2025Q4: 30,033 shares 30,033$6.79M0.95%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,619 shares; 2024Q4: 28,616 shares; 2025Q1: 33,008 shares; 2025Q2: 22,692 shares; 2025Q3: 22,092 shares; 2025Q4: 27,074 shares 27,074$6.25M0.87%+4,982Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,347 shares; 2024Q4: 116,347 shares; 2025Q1: 116,347 shares; 2025Q2: 116,347 shares; 2025Q3: 129,018 shares; 2025Q4: 129,018 shares 129,018$6.16M0.86%0Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,442 shares; 2024Q4: 111,287 shares; 2025Q1: 81,526 shares; 2025Q2: 19,047 shares; 2025Q3: 19,047 shares; 2025Q4: 19,047 shares 19,047$5.79M0.81%0Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,531 shares; 2024Q4: 37,531 shares; 2025Q1: 33,864 shares; 2025Q2: 33,864 shares; 2025Q3: 33,864 shares; 2025Q4: 38,483 shares 38,483$5.64M0.79%+4,619Timeline
VSATVIASAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 210,000 shares; 2025Q4: 162,500 shares 162,500$5.6M0.78%-47,500Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 81,932 shares; 2025Q4: 103,468 shares 103,468$5.55M0.77%+21,536Timeline
CTRICENTURI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 95,280 shares; 2025Q4: 218,462 shares 218,462$5.52M0.77%+123,182Timeline
MMM3M COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,060 shares; 2024Q4: 34,400 shares; 2025Q1: 26,660 shares; 2025Q2: 31,286 shares; 2025Q3: 23,944 shares; 2025Q4: 33,635 shares 33,635$5.38M0.75%+9,691Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,460 shares; 2024Q4: 54,460 shares; 2025Q1: 63,804 shares; 2025Q2: 63,804 shares; 2025Q3: 99,121 shares; 2025Q4: 99,121 shares 99,121$5.04M0.7%0Timeline
LINDLINDBLAD EXPEDITIONS HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,193,585 shares; 2024Q4: 733,462 shares; 2025Q1: 527,053 shares; 2025Q2: 361,962 shares; 2025Q3: 343,683 shares; 2025Q4: 343,683 shares 343,683$4.96M0.69%0Timeline
NBISNEBIUS GROUP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 58,987 shares 58,987$4.94M0.69%newTimeline
SITMSITIME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,818 shares 13,818$4.88M0.68%newTimeline
SAPSAP SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,903 shares; 2024Q4: 17,903 shares; 2025Q1: 17,903 shares; 2025Q2: 17,903 shares; 2025Q3: 19,441 shares; 2025Q4: 19,441 shares 19,441$4.72M0.66%0Timeline
ALCALCON AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,820 shares; 2024Q4: 35,820 shares; 2025Q1: 35,820 shares; 2025Q2: 35,820 shares; 2025Q3: 45,945 shares; 2025Q4: 56,423 shares 56,423$4.45M0.62%+10,478Timeline
PRMBPRIMO BRANDS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 452,722 shares; 2025Q2: 224,058 shares; 2025Q3: 216,887 shares; 2025Q4: 269,158 shares 269,158$4.4M0.61%+52,271Timeline
ULSUL SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 55,572 shares 55,572$4.38M0.61%newTimeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,374 shares; 2024Q4: 64,374 shares; 2025Q1: 48,260 shares; 2025Q2: 48,260 shares; 2025Q3: 49,118 shares; 2025Q4: 85,342 shares 85,342$4.33M0.61%+36,224Timeline
KOFCOCA-COLA FEMSA SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 28,789 shares; 2025Q3: 53,908 shares; 2025Q4: 44,627 shares 44,627$4.23M0.59%-9,281Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,380 shares; 2024Q4: 207,697 shares; 2025Q1: 181,951 shares; 2025Q2: 248,875 shares; 2025Q3: 279,318 shares; 2025Q4: 109,947 shares 109,947$4.21M0.59%-169,371Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,433 shares; 2024Q4: 48,376 shares; 2025Q1: 48,496 shares; 2025Q2: 36,931 shares; 2025Q3: 20,239 shares; 2025Q4: 25,398 shares 25,398$4.1M0.57%+5,159Timeline
VNETVNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 182,485 shares; 2025Q3: 487,205 shares; 2025Q4: 477,646 shares 477,646$4.04M0.56%-9,559Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,575 shares; 2024Q4: 143,575 shares; 2025Q1: 143,575 shares; 2025Q2: 133,325 shares; 2025Q3: 133,325 shares; 2025Q4: 133,325 shares 133,325$3.97M0.55%0Timeline
SONYSONY GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,438 shares; 2024Q4: 328,755 shares; 2025Q1: 328,755 shares; 2025Q2: 244,693 shares; 2025Q3: 92,804 shares; 2025Q4: 154,731 shares 154,731$3.96M0.55%+61,927Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,144 shares; 2024Q4: 7,660 shares; 2025Q1: not reported; 2025Q2: 6,958 shares; 2025Q3: 6,693 shares; 2025Q4: 10,937 shares 10,937$3.86M0.54%+4,244Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 68,960 shares 68,960$3.66M0.51%newTimeline
MIRMIRION TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 369,226 shares; 2024Q4: 371,570 shares; 2025Q1: 357,367 shares; 2025Q2: 345,000 shares; 2025Q3: 380,095 shares; 2025Q4: 151,685 shares 151,685$3.55M0.5%-228,410Timeline
CTEVCLARITEV CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 80,720 shares 80,720$3.45M0.48%newTimeline
RALRALLIANT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 66,173 shares 66,173$3.37M0.47%newTimeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 602,574 shares; 2024Q4: 625,570 shares; 2025Q1: 494,174 shares; 2025Q2: 142,893 shares; 2025Q3: 451,360 shares; 2025Q4: 369,095 shares 369,095$3.29M0.46%-82,265Timeline
PKGPACKAGING CORP AMERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,203 shares; 2025Q4: 15,557 shares 15,557$3.21M0.45%+5,354Timeline
FLSFLOWSERVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 46,120 shares 46,120$3.2M0.45%newTimeline
AZNASTRAZENECA PLC-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,732 shares; 2024Q4: 33,732 shares; 2025Q1: 33,732 shares; 2025Q2: 33,732 shares; 2025Q3: 33,732 shares; 2025Q4: 33,732 shares 33,732$3.1M0.43%0Timeline
AMRZAMRIZE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 46,007 shares; 2025Q4: 57,179 shares 57,179$3.09M0.43%+11,172Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,810 shares; 2025Q3: 2,580 shares; 2025Q4: 2,580 shares 2,580$2.76M0.39%0Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,978 shares 10,978$2.39M0.33%newTimeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,512 shares; 2024Q4: 27,946 shares; 2025Q1: 23,056 shares; 2025Q2: not reported; 2025Q3: 10,927 shares; 2025Q4: 21,138 shares 21,138$2.36M0.33%+10,211Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,796 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,016 shares; 2025Q4: 6,285 shares 6,285$2.36M0.33%+1,269Timeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,531 shares; 2024Q4: 7,230 shares; 2025Q1: 7,230 shares; 2025Q2: 7,230 shares; 2025Q3: 5,219 shares; 2025Q4: 5,219 shares 5,219$2.23M0.31%0Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,040 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 11,678 shares 11,678$2.16M0.3%newTimeline
ECGEVERUS CONSTR GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 36,297 shares; 2025Q2: 53,531 shares; 2025Q3: 65,153 shares; 2025Q4: 24,946 shares 24,946$2.13M0.3%-40,207Timeline
FIGRFIGURE TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 76,063 shares; 2025Q4: 51,250 shares 51,250$2.09M0.29%-24,813Timeline
KRKROGER COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 31,606 shares; 2025Q1: 46,723 shares; 2025Q2: 46,723 shares; 2025Q3: 64,721 shares; 2025Q4: 32,360 shares 32,360$2.02M0.28%-32,361Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,686 shares; 2024Q4: 63,686 shares; 2025Q1: 63,686 shares; 2025Q2: 63,686 shares; 2025Q3: 34,950 shares; 2025Q4: 19,024 shares 19,024$1.83M0.26%-15,926Timeline
IHRTIHEARTMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 400,000 shares 400,000$1.66M0.23%newTimeline
ULUNILEVER PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,050 shares 25,050$1.64M0.23%newTimeline
MMYTMAKEMYTRIP LIMITED MAURITIUSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares; 2025Q4: 19,145 shares 19,145$1.57M0.22%+9,145Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 68,541 shares 68,541$1.33M0.19%newTimeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 177,223 shares; 2025Q4: 177,223 shares 177,223$1.24M0.17%0Timeline
IHGINTERCONTINENTAL HOTELS GROUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,741 shares; 2024Q4: 8,204 shares; 2025Q1: 8,204 shares; 2025Q2: 8,204 shares; 2025Q3: 8,204 shares; 2025Q4: 8,204 shares 8,204$1.16M0.16%0Timeline
WRBYWARBY PARKER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 51,119 shares 51,119$1.11M0.16%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput170,000$116M+167,600
NVDANVIDIA CORPORATION COMcall112,500$21Mnew
AVGOBROADCOM INC COMcall23,000$7.96Mnew
QQQINVESCO QQQ TR COMput12,000$7.37Mnew
CRHCRH PLC Stockcall55,000$6.86Mnew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TREXTREX INC406,610$21Mshares
VERXVERTEX INC752,431$18.7Mshares
ACVAACV AUCTIONS INC1,103,348$10.9Mshares
WMBWILLIAMS COS INC116,800$7.4Mcall
CCICROWN CASTLE INC53,446$5.16Mshares
RBRKRUBRIK INC.61,096$5.03Mshares
CDECOEUR MNG INC229,518$4.31Mshares
IPINTERNATIONAL PAPER CO75,984$3.53Mshares
ANETARISTA NETWORKS INC16,174$2.36Mshares
TWTRADEWEB MKTS INC19,557$2.17Mshares
DLTRDOLLAR TREE INC22,319$2.11Mshares
FUNSIX FLAGS ENTERTAINMENT CORP88,849$2.02Mshares
RNWRENEW ENERGY GLOBAL PLC230,981$1.78Mshares
UNILEVER PLCUNILEVER PLC28,182$1.67Mshares
DQDAQO NEW ENERGY CORP46,648$1.31Mshares
PCTPURECYCLE TECHNOLOGIES INC97,675$1.28Mshares
RXORXO INC54,758$842Kshares
SPYSTATE STR SPDR S&P 500 ETF T1,200$799Kcall
VSTVISTRA CORP790$155Kcall
SONYSONY GROUP CORP1,700$48.9Kcall

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-000925 base2026-02-17acceptance time not in the bulk data set