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Holdings, Q2 2026

Largest first. Common shares only; puts and calls are under All positions.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1EPD
Enterprise Products Partners L.P.
6.83M$250.9M11.5%Unchanged13F ↗
2ET
Energy Transfer LP · Com Ut Ltd Ptn
8.25M$157.7M7.2%Unchanged13F ↗
3KMI
Kinder Morgan, Inc.
2.84M$90.7M4.2%Unchanged13F ↗
4PAA
Plains All American Pipeline, L.P. · Units
3.18M$70.9M3.3%+18.6%13F ↗
5ON
ON Semiconductor Corporation
731,118$69.1M3.2%Unchanged13F ↗
6MSFT
Microsoft Corporation
149,400$55.7M2.6%New13F ↗
7WES
Western Midstream Partners, LP · Units
1.27M$55.4M2.5%Unchanged13F ↗
8PGR
Progressive Corporation
207,589$45.3M2.1%Unchanged13F ↗
9Agriculture & Nat Sol Acq Co3.27M$37.1M1.7%+24.3%13F ↗
10NVDA
NVIDIA Corporation
124,800$25.0M1.1%New13F ↗
11DRDB
Roman DBDR Acquisition Corp. II
2.28M$24.0M1.1%+26.4%13F ↗
12TSM
Taiwan Semiconductor Manufacturing Company Ltd.
49,700$23.7M1.1%New13F ↗
13PFE
Pfizer, Inc.
965,537$23.3M1.1%New13F ↗
14GBLI
Global Indemnity Group, LLC
919,661$23.0M1.1%Unchanged13F ↗
15Inflection Pt Acquisition Co2.21M$22.8M1.0%+25.0%13F ↗
16TSLA
Tesla, Inc.
50,000$21.0M1.0%New13F ↗
17SBXDF
SilverBox Corp IV
1.93M$20.9M1.0%+27.4%13F ↗
18EVAC
EQV Ventures Acquisition Corp. II
1.88M$19.1M0.9%+1.6%13F ↗
19LPAA
Launch One Acquisition Corp.
1.68M$18.2M0.8%+12.6%13F ↗
20KCHV
Kochav Defense Acquisition Corp.
1.69M$17.5M0.8%Unchanged13F ↗
21MCGA
Yorkville Acquisition Corp.
1.65M$16.8M0.8%Unchanged13F ↗
22GTERA
Globa Terra Acquisition Corporation
1.56M$16.1M0.7%+47.0%13F ↗
23VLOS
Velos Acquisition I Corp.
1.43M$15.5M0.7%+48.4%13F ↗
24CEPO
Cantor Equity Partners I, Inc.
1.44M$15.4M0.7%+18.2%13F ↗
25JOE
St. Joe Company
209,542$13.1M0.6%Unchanged13F ↗
26GIW
GigCapital8 Corp.
1.29M$13.0M0.6%Unchanged13F ↗
27TACO
Berto Acquisition Corp.
1.23M$12.9M0.6%-32.7%13F ↗
28Armada Acquisition Corp II1.23M$12.9M0.6%Unchanged13F ↗
29CRAC
Crown Reserve Acquisition Corp. I
1.22M$12.3M0.6%+170%13F ↗
30FACT
FACT II Acquisition Corp.
1.15M$12.3M0.6%+254%13F ↗
31NPAC
New Providence Acquisition Corp. III
1.18M$12.2M0.6%+82.8%13F ↗
32AMZN
Amazon.com, Inc.
50,000$11.9M0.5%New13F ↗
33KFII
K&F Growth Acquisition Corp. II
1.12M$11.9M0.5%+4.6%13F ↗
34ONEN
ONE Nuclear Energy Inc.
1.10M$11.5M0.5%+51.2%13F ↗
35QSEA
Quartzsea Acquisition Corporation
1.09M$11.5M0.5%+170%13F ↗
36COPL
Copley Acquisition Corp
1.08M$11.3M0.5%+5.5%13F ↗
37Inflection Point Acqu Corp V1.06M$11.1M0.5%+8.1%13F ↗
38JACS
Jackson Acquisition Company II
927,836$9.9M0.5%+116%13F ↗
39FGII
FG Imperii Acquisition Corp.
992,100$9.9M0.5%Unchanged13F ↗
40CHAR
Charlton Aria Acquisition Corporation
878,975$9.5M0.4%Unchanged13F ↗
41XSLL
Xsolla SPAC 1
920,190$9.1M0.4%Unchanged13F ↗
42LPBB
Launch Two Acquisition Corp.
847,934$9.1M0.4%+3.8%13F ↗
43QUMS
Quantumsphere Acquisition Corp.
881,402$9.0M0.4%+73.3%13F ↗
44RFAI
RF Acquisition Corp II
814,851$9.0M0.4%+6.3%13F ↗
45SOUL
Soulpower Acquisition Corporation
866,764$9.0M0.4%Unchanged13F ↗
46AEXA
American Exceptionalism Acquisition Corp. A
747,779$8.8M0.4%+77.6%13F ↗
47GIX
GigCapital9 Corp.
882,431$8.8M0.4%Unchanged13F ↗
48SZZL
Sizzle Acquisition Corp. II
843,448$8.7M0.4%+113%13F ↗
49MACI
Melar Acquisition Corp. I
795,916$8.7M0.4%-20.3%13F ↗
50SDHI
Siddhi Acquisition Corp
826,986$8.6M0.4%+74.6%13F ↗

Changes since Q1 2026

85 new, 59 added to, 55 trimmed, 91 exited, 140 unchanged. By estimated dollars.

New positions (85)

New positions
MSFT
Microsoft Corporation
149,400New$55.7M
NVDA
NVIDIA Corporation
124,800New$25.0M
TSM
Taiwan Semiconductor Manufacturing Company Ltd.
49,700New$23.7M
PFE
Pfizer, Inc.
965,537New$23.3M
TSLA
Tesla, Inc.
50,000New$21.0M
AMZN
Amazon.com, Inc.
50,000New$11.9M
Ocean Cap Acquisition Corp
Units
556,013New$5.7M
BREZ
Breeze Acquisition Corp. II
557,070New$5.5M
SUMA
SUMA Acquisition Corporation
546,810New$5.4M
FMAC
Future Money Acquisition Corporation
540,732New$5.4M

Added to (59)

Added to
PAA
Plains All American Pipeline, L.P. · Units
3.18M+18.6%$11.1M
FACT
FACT II Acquisition Corp.
1.15M+254%$8.8M
CRAC
Crown Reserve Acquisition Corp. I
1.22M+170%$7.7M
Agriculture & Nat Sol Acq Co3.27M+24.3%$7.2M
QSEA
Quartzsea Acquisition Corporation
1.09M+170%$7.2M
NPAC
New Providence Acquisition Corp. III
1.18M+82.8%$5.5M
JACS
Jackson Acquisition Company II
927,836+116%$5.3M
GTERA
Globa Terra Acquisition Corporation
1.56M+47.0%$5.1M
VLOS
Velos Acquisition I Corp.
1.43M+48.4%$5.0M
DRDB
Roman DBDR Acquisition Corp. II
2.28M+26.4%$5.0M

Trimmed (55)

Trimmed
Churchill Capital Corp Ix104,360-94.2%-$18.6M
CUB
Lionheart Holdings
198,776-78.3%-$7.7M
PGAC
Pantages Capital Acquisition Corporation
248,616-71.6%-$6.6M
TACO
Berto Acquisition Corp.
1.23M-32.7%-$6.3M
GPAT
GP-Act III Acquisition Corp.
497,064-41.3%-$3.8M
Fg Merger II Corp61,244-80.6%-$2.6M
MACI
Melar Acquisition Corp. I
795,916-20.3%-$2.2M
Bleichroeder Acquisiti Corp49,282-78.4%-$1.8M
TONT
Graf Global Corp.
223,937-26.1%-$857.5K
RANG
Range Capital Acquisition Corp.
497,293-13.8%-$852.1K

Exited (91)

Exited
Haymaker Acquisition2.32MExited-$26.7M
Cantor Equity Partners Iii-A2.23MExited-$23.0M
Mountain Lake Acquisition-A1.88MExited-$19.8M
GIGCAPITAL7 Corp1.74MExited-$18.5M
Legato Merger Corp III1.47MExited-$16.1M
Voyager Acquisition Corp1.30MExited-$13.9M
ALF
Centurion Acquisition Corp.
1.16MExited-$12.5M
SIMA
SIM Acquisition Corp. I
912,286Exited-$9.8M
Vine Hill Cap Invt Corp661,663Exited-$7.1M
Live Oak Acquisition Corp V647,661Exited-$6.7M

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

All positions

Search, sort and filter every position, with puts and calls on their own tab. Premium plan.

Compare two quarters

Pick any two quarters: what is new, added to, trimmed or exited. Premium plan.

Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

Pick a quarter to see what the fund's biggest positions were then.

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Ten largest positions

By value, Q2 2026.

$0$100.0M$200.0M$300.0MEPD · Value: $250,887,000EPDET · Value: $157,740,000ETKMI · Value: $90,705,476KMIPAA · Value: $70,882,674PAAON · Value: $69,119,896ONMSFT · Value: $55,729,188MSFTWES · Value: $55,442,607WESPGR · Value: $45,347,817PGRAgricult… · Value: $37,059,804Agricult…NVDA · Value: $24,971,232NVDA

Filings

13F filings
Filing
Q2 2026Aug 24, 202613F-HR/A (new holdings)2$78.4MCurrentSEC ↗
Q2 2026Aug 14, 202613F-HR342$2.1BCurrentSEC ↗
Q1 2026May 15, 202613F-HR345$1.9BCurrentSEC ↗
Q4 2025Feb 13, 202613F-HR285$2.1BCurrentSEC ↗
Q3 2025Nov 14, 202513F-HR235$1.7BCurrentSEC ↗
Q2 2025Aug 14, 202513F-HR227$1.9BCurrentSEC ↗
Q1 2025May 15, 202513F-HR158$1.7BCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer