13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | VACMARRIOTT VACATIONS WORLDWIDE | ADD | 737K | $42.5M | 17.5% | -$6.3M |
| 2 | HSICSCHEIN HENRY INC | 547K | $41.4M | 17.0% | +$5.0M | |
| 3 | BKRBAKER HUGHES COMPANY | 804K | $36.6M | 15.1% | -$2.6M | |
| 4 | SCHLSCHOLASTIC CORP | 1.2M | $35.9M | 14.7% | +$2.7M | |
| 5 | LKQLKQ CORP | ADD | 1.1M | $33.5M | 13.8% | +$10.7M |
| 6 | SHCSOTERA HEALTH CO | TRIM | 1.2M | $21.0M | 8.7% | -$1.1M |
| 7 | BWXTBWX TECHNOLOGIES INC | ADD | 106K | $18.3M | 7.5% | +$2.9M |
| 8 | BLBLACKLINE INC | TRIM | 253K | $14.0M | 5.8% | -$9.5M |
Source: SEC Form 13F. Values are as-of 2025-12-31 (quarter-end), not live. Percentages are of reported 13F value, not the fund’s full AUM (13F excludes shorts, cash, bonds, most non-US holdings).