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Holdings, Q2 2026

Largest first. Common shares only.

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
1VSAT
ViaSat, Inc.
2.20M$197.9M21.3%New13F ↗
2ECHO
EchoStar Corporation
1.27M$128.9M13.9%-19.9%13F ↗
3Global Business Travel Group11.00M$103.3M11.1%-49.9%13F ↗
4MBC
MasterBrand, Inc.
9.82M$101.1M10.9%+664%13F ↗
5OPI
Office Properties Income Trust · Com Of Beneficia
4.33M$73.6M7.9%New13F ↗
6AER
AerCap Holdings N.V.
404,266$58.9M6.4%Unchanged13F ↗
7TDS
Telephone and Data Systems, Inc.
1.28M$47.2M5.1%Unchanged13F ↗
8MOH
Molina Healthcare Inc
200,000$45.7M4.9%-35.5%13F ↗
9ELV
Elevance Health, Inc.
84,800$32.8M3.5%Unchanged13F ↗
10KBR
KBR, Inc.
575,000$19.9M2.1%New13F ↗
11FBIN
Fortune Brands Innovations, Inc.
332,000$18.2M2.0%New13F ↗
12CNC
Centene Corporation
208,500$13.4M1.4%Unchanged13F ↗
13CZR
Caesars Entertainment, Inc.
420,000$12.7M1.4%Unchanged13F ↗
14UNH
UnitedHealth Group Incorporated
27,500$11.4M1.2%Unchanged13F ↗
15AERO
Grupo Aeromexico, S.A.B. de C.V. · ADR
583,580$10.5M1.1%+5.8%13F ↗
16SOC
Sable Offshore Corp.
3.00M$9.2M1.0%New13F ↗
17OPTU
Optimum Communications, Inc.
5.19M$7.5M0.8%-36.6%13F ↗
18AZUL
Azul S.A. · ADR
816,991$7.3M0.8%New13F ↗
19CBL
CBL & Associates Properties, Inc. · Reit
117,613$6.2M0.7%Unchanged13F ↗
20MSC
Studio City International Holdings Limited · ADR
3.24M$5.9M0.6%Unchanged13F ↗
21NCLH
Norwegian Cruise Line Holdings Ltd.
260,000$5.5M0.6%New13F ↗
22MERC
Mercer International Inc.
4.65M$3.1M0.3%Unchanged13F ↗
23EHTH
eHealth, Inc.
467,395$696.4K0.1%Unchanged13F ↗
24APEI
American Public Education, Inc.
10,000$537.0K0.1%Unchanged13F ↗

Changes since Q1 2026

7 new, 2 added to, 4 trimmed, 4 exited, 11 unchanged. By estimated dollars.

New positions (7)

New positions
VSAT
ViaSat, Inc.
2.20MNew$197.9M
OPI
Office Properties Income Trust · Com Of Beneficia
4.33MNew$73.6M
KBR
KBR, Inc.
575,000New$19.9M
FBIN
Fortune Brands Innovations, Inc.
332,000New$18.2M
SOC
Sable Offshore Corp.
3.00MNew$9.2M
AZUL
Azul S.A. · ADR
816,991New$7.3M
NCLH
Norwegian Cruise Line Holdings Ltd.
260,000New$5.5M

Added to (2)

Added to
MBC
MasterBrand, Inc.
9.82M+664%$87.8M
AERO
Grupo Aeromexico, S.A.B. de C.V. · ADR
583,580+5.8%$575.6K

Trimmed (4)

Trimmed
Global Business Travel Group11.00M-49.9%-$102.9M
ECHO
EchoStar Corporation
1.27M-19.9%-$31.9M
MOH
Molina Healthcare Inc
200,000-35.5%-$25.2M
OPTU
Optimum Communications, Inc.
5.19M-36.6%-$4.4M

Exited (4)

Exited
VISN
Vistance Networks, Inc.
1.37MExited-$24.9M
American Woodmark Corp72,402Exited-$2.9M
KLC
KinderCare Learning Companies, Inc.
1.25MExited-$2.8M
Gohealth Inc924,244Exited-$1.4M

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

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$50.0M$100.0M$150.0M$200.0MVSAT · Value: $197,908,908VSATECHO · Value: $128,913,019ECHOGlobal… · Value: $103,277,248Global…MBC · Value: $101,067,310MBCOPI · Value: $73,567,857OPIAER · Value: $58,933,897AERTDS · Value: $47,198,187TDSMOH · Value: $45,740,000MOHELV · Value: $32,794,704ELVKBR · Value: $19,854,750KBR

Filings

13F filings
Filing
Q2 2026Aug 14, 202613F-HR25$927.4MCurrentSEC ↗
Q1 2026May 15, 202613F-HR22$674.2MCurrentSEC ↗
Q4 2025Feb 17, 202613F-HR17$934.2MCurrentSEC ↗
Q3 2025Nov 14, 202513F-HR17$1.0BCurrentSEC ↗
Q2 2025Aug 14, 202513F-HR11$550.6MCurrentSEC ↗
Q1 2025May 15, 202513F-HR13$669.9MCurrentSEC ↗

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