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Glenorchy Capital Ltd

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13F filer, CIK 2008506, BOOROLITE, Australia

Glenorchy Capital Ltd reported $1,649,075,000 across 66 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-30. Its ten largest share positions make up 42.75% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002008506-26-000001

Period
2025-12-31
Reported value
$1.65B
Holdings
66
Top 10 weight
42.75%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BORRnew+616,288$2.48M
WFRDnew+27,162$2.13M
MOSadded+14,701$354K
WBadded+18,221$186K
IRSadded+10,293$170K

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
GIFIexited-278,076-$1.95M
GDXreduced-7,526-$646K
GREKreduced-5,312-$350K
CEPUreduced-17,712-$310K
EWZreduced-8,474-$269K

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 0002008506-26-000001, largest first. % of portfolio is the value over $153,784,296, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,871 shares; 2024Q4: 128,452 shares; 2025Q1: 128,251 shares; 2025Q2: 125,172 shares; 2025Q3: 117,393 shares; 2025Q4: 109,867 shares 109,867$9.42M6.13%-7,526Timeline
GREKGLOBAL X FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,753 shares; 2024Q4: 147,680 shares; 2025Q1: 152,133 shares; 2025Q2: 149,220 shares; 2025Q3: 137,891 shares; 2025Q4: 132,579 shares 132,579$8.74M5.68%-5,312Timeline
EWZISHARES 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: 270,108 shares; 2025Q4: 261,634 shares 261,634$8.31M5.41%-8,474Timeline
KWEBKRANESHARES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 237,883 shares; 2025Q1: 237,804 shares; 2025Q2: 232,688 shares; 2025Q3: 221,077 shares; 2025Q4: 219,643 shares 219,643$7.48M4.86%-1,434Timeline
ECNSISHARES TRQuarterly 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: 182,076 shares; 2025Q4: 185,154 shares 185,154$6.07M3.94%+3,078Timeline
PAMPAMPA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,223 shares; 2024Q4: 72,792 shares; 2025Q1: 71,535 shares; 2025Q2: 70,039 shares; 2025Q3: 64,749 shares; 2025Q4: 61,823 shares 61,823$5.47M3.56%-2,926Timeline
SBSWSIBANYE STILLWATER LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 412,515 shares; 2024Q4: 411,120 shares; 2025Q1: 419,393 shares; 2025Q2: 414,405 shares; 2025Q3: 391,828 shares; 2025Q4: 375,719 shares 375,719$5.35M3.48%-16,109Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 230,311 shares; 2024Q4: 462,366 shares; 2025Q1: 454,287 shares; 2025Q2: 444,035 shares; 2025Q3: 418,475 shares; 2025Q4: 409,870 shares 409,870$5.31M3.45%-8,605Timeline
CEPUCENTRAL PUERTO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 347,650 shares; 2024Q4: 335,991 shares; 2025Q1: 332,687 shares; 2025Q2: 328,786 shares; 2025Q3: 309,035 shares; 2025Q4: 291,323 shares 291,323$5.1M3.32%-17,712Timeline
BBARBANCO BBVA ARGENTINA S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 335,855 shares; 2024Q4: 315,095 shares; 2025Q1: 285,849 shares; 2025Q2: 276,920 shares; 2025Q3: 261,716 shares; 2025Q4: 248,865 shares 248,865$4.5M2.92%-12,851Timeline
CRKCOMSTOCK RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,713 shares; 2024Q4: 205,976 shares; 2025Q1: 200,262 shares; 2025Q2: 195,888 shares; 2025Q3: 185,594 shares; 2025Q4: 180,270 shares 180,270$4.18M2.72%-5,324Timeline
BMABANCO MACRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,146 shares; 2024Q4: 54,176 shares; 2025Q1: 51,632 shares; 2025Q2: 50,759 shares; 2025Q3: 48,175 shares; 2025Q4: 46,101 shares 46,101$4.16M2.7%-2,074Timeline
YPFYPF SOCIEDAD ANONIMAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 114,978 shares; 2024Q4: 137,074 shares; 2025Q1: 130,473 shares; 2025Q2: 128,534 shares; 2025Q3: 120,291 shares; 2025Q4: 113,532 shares 113,532$4.11M2.67%-6,759Timeline
CRESYCRESUD S A C I F Y AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 282,741 shares; 2024Q4: 351,183 shares; 2025Q1: 349,968 shares; 2025Q2: 342,366 shares; 2025Q3: 320,656 shares; 2025Q4: 317,646 shares 317,646$4.01M2.61%-3,010Timeline
FROFRONTLINE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,300 shares; 2024Q4: 182,325 shares; 2025Q1: 192,412 shares; 2025Q2: 191,480 shares; 2025Q3: 183,616 shares; 2025Q4: 178,947 shares 178,947$3.9M2.54%-4,669Timeline
FTITECHNIPFMC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,760 shares; 2024Q4: 83,864 shares; 2025Q1: 83,608 shares; 2025Q2: 82,532 shares; 2025Q3: 74,993 shares; 2025Q4: 70,283 shares 70,283$3.13M2.04%-4,710Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,464 shares; 2024Q4: 94,156 shares; 2025Q1: 100,299 shares; 2025Q2: 103,812 shares; 2025Q3: 101,969 shares; 2025Q4: 98,702 shares 98,702$2.93M1.91%-3,267Timeline
GEOSGEOSPACE TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,217 shares; 2024Q4: 184,720 shares; 2025Q1: 191,938 shares; 2025Q2: 193,884 shares; 2025Q3: 182,260 shares; 2025Q4: 170,992 shares 170,992$2.89M1.88%-11,268Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 586,219 shares; 2024Q4: 623,216 shares; 2025Q1: 656,767 shares; 2025Q2: 670,998 shares; 2025Q3: 670,175 shares; 2025Q4: 691,779 shares 691,779$2.86M1.86%+21,604Timeline
DHTDHT HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 246,996 shares; 2024Q4: 244,756 shares; 2025Q1: 248,112 shares; 2025Q2: 245,238 shares; 2025Q3: 231,395 shares; 2025Q4: 225,713 shares 225,713$2.76M1.79%-5,682Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,918 shares; 2024Q4: 49,294 shares; 2025Q1: 48,895 shares; 2025Q2: 24,023 shares; 2025Q3: 23,113 shares; 2025Q4: 24,248 shares 24,248$2.68M1.74%+1,135Timeline
BORRBORR DRILLING 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: not reported; 2025Q4: 616,288 shares 616,288$2.48M1.62%newTimeline
INSWINTERNATIONAL SEAWAYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,006 shares; 2024Q4: 50,328 shares; 2025Q1: 52,273 shares; 2025Q2: 51,996 shares; 2025Q3: 50,502 shares; 2025Q4: 49,982 shares 49,982$2.43M1.58%-520Timeline
CNXCNX RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,996 shares; 2024Q4: 71,039 shares; 2025Q1: 71,390 shares; 2025Q2: 70,286 shares; 2025Q3: 66,350 shares; 2025Q4: 64,217 shares 64,217$2.36M1.54%-2,133Timeline
TENTSAKOS ENERGY NAVIGATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,480 shares; 2024Q4: 106,954 shares; 2025Q1: 110,904 shares; 2025Q2: 109,646 shares; 2025Q3: 106,109 shares; 2025Q4: 105,246 shares 105,246$2.36M1.53%-863Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,200 shares; 2024Q4: 46,755 shares; 2025Q1: 46,263 shares; 2025Q2: 45,407 shares; 2025Q3: 42,633 shares; 2025Q4: 41,116 shares 41,116$2.2M1.43%-1,517Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,373 shares; 2024Q4: 59,865 shares; 2025Q1: 66,990 shares; 2025Q2: 68,777 shares; 2025Q3: 71,917 shares; 2025Q4: 76,647 shares 76,647$2.16M1.41%+4,730Timeline
WFRDWEATHERFORD INTL 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: 27,162 shares 27,162$2.13M1.38%newTimeline
TNKTEEKAY TANKERS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 37,658 shares; 2025Q1: 39,321 shares; 2025Q2: 39,219 shares; 2025Q3: 36,739 shares; 2025Q4: 36,937 shares 36,937$1.97M1.28%+198Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,863 shares; 2024Q4: 63,895 shares; 2025Q1: 63,209 shares; 2025Q2: 62,147 shares; 2025Q3: 57,915 shares; 2025Q4: 57,099 shares 57,099$1.97M1.28%-816Timeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,033 shares; 2024Q4: 61,054 shares; 2025Q1: 60,791 shares; 2025Q2: 59,832 shares; 2025Q3: 56,025 shares; 2025Q4: 54,732 shares 54,732$1.93M1.25%-1,293Timeline
ICLICL GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 322,761 shares; 2024Q4: 331,149 shares; 2025Q1: 333,241 shares; 2025Q2: 326,976 shares; 2025Q3: 309,126 shares; 2025Q4: 309,431 shares 309,431$1.77M1.15%+305Timeline
OIIOCEANEERING INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 77,477 shares; 2024Q4: 76,852 shares; 2025Q1: 76,489 shares; 2025Q2: 76,328 shares; 2025Q3: 73,567 shares; 2025Q4: 72,995 shares 72,995$1.75M1.14%-572Timeline
IPIINTREPID POTASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,214 shares; 2024Q4: 62,928 shares; 2025Q1: 63,126 shares; 2025Q2: 62,104 shares; 2025Q3: 58,677 shares; 2025Q4: 59,032 shares 59,032$1.64M1.06%+355Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,703 shares; 2024Q4: 31,620 shares; 2025Q1: 32,954 shares; 2025Q2: 33,176 shares; 2025Q3: 31,337 shares; 2025Q4: 30,768 shares 30,768$1.55M1.01%-569Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 17,309 shares; 2025Q2: 17,233 shares; 2025Q3: 16,749 shares; 2025Q4: 16,980 shares 16,980$1.5M0.98%+231Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,379 shares; 2024Q4: 46,315 shares; 2025Q1: 47,612 shares; 2025Q2: 47,433 shares; 2025Q3: 47,281 shares; 2025Q4: 61,982 shares 61,982$1.49M0.97%+14,701Timeline
STNGSCORPIO TANKERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,004 shares; 2024Q4: 30,705 shares; 2025Q1: 31,935 shares; 2025Q2: 31,913 shares; 2025Q3: 29,966 shares; 2025Q4: 29,118 shares 29,118$1.48M0.96%-848Timeline
XPROEXPRO GROUP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 84,427 shares; 2024Q4: 95,014 shares; 2025Q1: 101,465 shares; 2025Q2: 105,959 shares; 2025Q3: 104,130 shares; 2025Q4: 105,842 shares 105,842$1.41M0.92%+1,712Timeline
GPRKGEOPARK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 180,030 shares; 2025Q1: 178,712 shares; 2025Q2: 181,274 shares; 2025Q3: 177,088 shares; 2025Q4: 187,433 shares 187,433$1.39M0.9%+10,345Timeline
ASCARDMORE SHIPPING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,112 shares; 2024Q4: 118,560 shares; 2025Q1: 126,822 shares; 2025Q2: 127,538 shares; 2025Q3: 125,490 shares; 2025Q4: 127,072 shares 127,072$1.35M0.88%+1,582Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,713 shares; 2024Q4: 25,419 shares; 2025Q1: 26,826 shares; 2025Q2: 26,857 shares; 2025Q3: 25,943 shares; 2025Q4: 26,238 shares 26,238$1.33M0.86%+295Timeline
HOSHORNBECK OFFSHORE SERVICES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,551 shares; 2024Q4: 194,237 shares; 2025Q1: 200,341 shares; 2025Q2: 201,670 shares; 2025Q3: 193,712 shares; 2025Q4: 200,316 shares 200,316$1.26M0.82%+6,604Timeline
TGSTRANSPORTADORA DE GAS DEL SUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,399 shares; 2024Q4: 48,205 shares; 2025Q1: 47,239 shares; 2025Q2: 46,244 shares; 2025Q3: 42,722 shares; 2025Q4: 38,275 shares 38,275$1.19M0.77%-4,447Timeline
SMHISEACOR MARINE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,320 shares; 2024Q4: 169,221 shares; 2025Q1: 180,658 shares; 2025Q2: 185,232 shares; 2025Q3: 184,851 shares; 2025Q4: 192,803 shares 192,803$1.16M0.75%+7,952Timeline
IRSIRSA INVERSIONES Y REP S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,676 shares; 2024Q4: 43,938 shares; 2025Q1: 44,280 shares; 2025Q2: 44,420 shares; 2025Q3: 43,306 shares; 2025Q4: 53,599 shares 53,599$887K0.58%+10,293Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,753 shares; 2024Q4: 17,440 shares; 2025Q1: 17,260 shares; 2025Q2: 17,172 shares; 2025Q3: 16,634 shares; 2025Q4: 15,381 shares 15,381$871K0.57%-1,253Timeline
ECOOKEANIS ECO TANKERS CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,837 shares; 2024Q4: 25,728 shares; 2025Q1: 26,355 shares; 2025Q2: 26,061 shares; 2025Q3: 25,666 shares; 2025Q4: 24,859 shares 24,859$837K0.54%-807Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,118 shares; 2024Q4: 1,118 shares; 2025Q1: 1,118 shares; 2025Q2: 1,118 shares; 2025Q3: 1,118 shares; 2025Q4: 1,118 shares 1,118$766K0.5%0Timeline
BWLPBW LPG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,892 shares; 2024Q4: 50,137 shares; 2025Q1: 51,097 shares; 2025Q2: 51,220 shares; 2025Q3: 49,128 shares; 2025Q4: 49,850 shares 49,850$653K0.42%+722Timeline
ECECOPETROL S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,583 shares; 2024Q4: 53,302 shares; 2025Q1: 56,009 shares; 2025Q2: 59,391 shares; 2025Q3: 59,543 shares; 2025Q4: 62,487 shares 62,487$626K0.41%+2,944Timeline
SBLKSTAR BULK CARRIERS CORP.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,208 shares; 2024Q4: 24,433 shares; 2025Q1: 26,190 shares; 2025Q2: 27,432 shares; 2025Q3: 27,712 shares; 2025Q4: 30,319 shares 30,319$583K0.38%+2,607Timeline
PBRPETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,247 shares; 2024Q4: 42,504 shares; 2025Q1: 43,638 shares; 2025Q2: 43,979 shares; 2025Q3: 43,618 shares; 2025Q4: 47,161 shares 47,161$559K0.36%+3,543Timeline
TRMDTORM PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,996 shares; 2024Q4: 26,731 shares; 2025Q1: 28,667 shares; 2025Q2: 29,670 shares; 2025Q3: 26,455 shares; 2025Q4: 27,658 shares 27,658$542K0.35%+1,203Timeline
HAFNHAFNIA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 98,451 shares; 2025Q1: 97,031 shares; 2025Q2: 94,662 shares; 2025Q3: 95,522 shares; 2025Q4: 98,964 shares 98,964$527K0.34%+3,442Timeline
WBWEIBO 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: 20,602 shares; 2025Q4: 38,823 shares 38,823$397K0.26%+18,221Timeline
CIVICIVITAS RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,690 shares; 2024Q4: 7,633 shares; 2025Q1: 8,280 shares; 2025Q2: 10,134 shares; 2025Q3: 10,750 shares; 2025Q4: 14,120 shares 14,120$383K0.25%+3,370Timeline
CALMCAL MAINE FOODS 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: 3,056 shares; 2025Q4: 4,360 shares 4,360$347K0.23%+1,304Timeline
MNDOMIND C T I LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 260,783 shares; 2024Q4: 252,156 shares; 2025Q1: 250,983 shares; 2025Q2: 273,791 shares; 2025Q3: 185,395 shares; 2025Q4: 173,438 shares 173,438$199K0.13%-11,957Timeline

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
QQQINVESCO QQQ TR COMput2,038,700$1.25B+1,553,700
TLTISHARES TR 20 YR TR BD ETFput2,464,300$215M-27,800
SPYSTATE STR SPDR S&P 500 ETF T SHSput33,000$22.5M0
VALVALARIS LTD CL Acall110,500$5.57M0
DSXDIANA SHIPPING INC COMcall15,700$26.1K0
NENOBLE CORP PLC Stockcall300$8.47K0
SBSWSIBANYE STILLWATER LTD ADRcall100$1.43K0

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
GIFIGULF ISLAND FABRICATION INC278,076$1.95Mshares
GLDSPDR GOLD TR2,400$853Kcall

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 0002008506-26-000001 base2026-01-30acceptance time not in the bulk data set