13F holdings as of 2025-09-30 · vs 2025-06-30 · long US-listed positions only
| # | Holding | Shares | Value | % of 13F | QoQ Δ | |
|---|---|---|---|---|---|---|
| 1 | SPYSTATE STR SPDR S&P 500 ETF T | TRIM | 38K | $25.3M | 33.4% | -$185.4M |
| 2 | EQTEQT CORP | TRIM | 189K | $10.3M | 13.6% | -$55.0M |
| 3 | DKDELEK US HLDGS INC NEW | NEW | 271K | $8.8M | 11.5% | new |
| 4 | CATCATERPILLAR INC | NEW | 14K | $6.9M | 9.1% | new |
| 5 | CMICUMMINS INC | NEW | 16K | $6.9M | 9.0% | new |
| 6 | GNRCGENERAC HLDGS INC | NEW | 41K | $6.9M | 9.0% | new |
| 7 | PSIXPOWER SOLUTIONS INTL INC | NEW | 46K | $4.6M | 6.0% | new |
| 8 | SEISOLARIS ENERGY INFRAS INC | NEW | 85K | $3.4M | 4.5% | new |
| 9 | SHLSSHOALS TECHNOLOGIES GROUP IN | NEW | 300K | $2.2M | 2.9% | new |
| 10 | FTEKFUEL TECH INC | NEW | 240K | $720K | 0.9% | new |
Source: SEC Form 13F. Values are as-of 2025-09-30 (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).