13F holdings as of 2025-12-31 · vs 2025-09-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | VSATVIASAT INC | ADD | 2.1M | $72.2M | 29.2% | +$12.5M |
| 2 | AMTMAMENTUM HOLDINGS INC | ADD | 1.4M | $40.4M | 16.3% | +$11.6M |
| 3 | CONSTELLIUM SE | ADD | 1.8M | $34.7M | 14.0% | +$10.5M |
| 4 | DANDANA INC | ADD | 1.1M | $27.2M | 11.0% | +$5.6M |
| 5 | FLRFLUOR CORP | ADD | 559K | $22.2M | 9.0% | -$733K |
| 6 | ECVTECOVYST INC | NEW | 2.1M | $19.9M | 8.1% | new |
| 7 | KALUKAISER ALUMINIUM CORPORATION | NEW | 168K | $19.3M | 7.8% | new |
| 8 | SEISOLARIS ENERGY INFRAS INC | TRIM | 250K | $11.5M | 4.6% | -$28.6M |
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).