Mirabella Financial Services LLP

Name: MIRABELLA FINANCIAL SERVICES LLP 13F holdings, Q1 2025
Creator: MIRABELLA FINANCIAL SERVICES LLP
Published: 2025-10-02

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed October 2, 2025), Mirabella Financial Services LLP reported 227 stock positions worth $2.4 billion. Its top holding was ADS-Tec Energy (ADSE) at 9.8% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Amazon.com (AMZN, 4.1%). Compared with Q4 2024, it opened 55 new positions, sold out of 52, added to 133 and reduced 25. The biggest buy was a new position in Apollo Global Management (APO) and the biggest sale an exit from Nexgen Energy (NXE).

Most Recent 13F: Q2 2026
Location: London, X0
CIK: 0001538853
Portfolio Value: $2.4B (Q1 2025)
SEC Filing: 0001172661-25-004151 ↗ filed Oct 2, 2025

Holdings Value

Holdings 227 stocks · $2.4B


ADSE ADS-Tec Energy PLC	9.78%	15,404,046	$230.4M	Add +39.2%
MSFT Microsoft Corp.	5.66%	353,968	$133.3M	Add +242.2%
AMZN Amazon.com Inc.	4.08%	504,531	$96.2M	Add +239.3%
AAPL Apple Inc.	3.86%	408,538	$91.0M	Add +264.3%
NVDA Nvidia Corp.	3.60%	779,741	$84.8M	Add +189.0%
STLD Steel Dynamics Inc.	2.99%	561,141	$70.4M	Add +432.4%
GOOGL Alphabet Inc. Class A	2.86%	434,160	$67.3M	Add +189.3%
V Visa Inc. Class A	2.66%	178,270	$62.7M	Add +303.1%
UNH Unitedhealth Group Inc.	2.45%	110,059	$57.8M	Add +298.4%
TSN Tyson Foods Inc. Class A	2.25%	829,082	$53.1M	Add +437.0%
APO Apollo Global Management Inc.	2.03%	350,000	$47.9M	New
HCA HCA Healthcare Inc.	2.01%	136,510	$47.3M	Add +287.6%
BKNG Booking Holdings Inc.	1.91%	9,760	$45.1M	Add +392.9%
KNSL Kinsale Capital Group Inc.	1.90%	91,786	$44.8M	Add +458.1%
DAL Delta Air Lines Inc.	1.88%	1,012,904	$44.3M	Add +401.6%
PGR Progressive Corp.	1.80%	149,536	$42.4M	Add +245.7%
TSM Taiwan Semiconductor-SP ADR	1.65%	232,750	$38.8M	Add +307.9%
GM General Motors Co.	1.54%	771,148	$36.4M	Add +2617.1%
DG Dollar General Corp.	1.53%	409,458	$36.1M	Add +346.5%
META Meta Platforms Inc. Class A	1.47%	59,794	$34.6M	Add +193.6%
RYAN Ryan Specialty Holdings Inc.	1.33%	425,000	$31.4M	New
THO Thor Industries Inc.	1.25%	386,169	$29.4M	Add +331.5%
VRTX Vertex Pharmaceuticals Inc.	1.17%	56,883	$27.7M	Add +408.6%
MELI MercadoLibre Inc.	1.16%	13,926	$27.2M	Add +287.1%
ODFL Old Dominion Freight Line	1.12%	159,462	$26.5M	Add +352.8%
CVNA Carvana Co.	1.11%	125,000	$26.1M	No change
SAIA Saia Inc.	1.08%	72,843	$25.5M	Add +348.8%
NVR NVR Inc.	1.08%	3,500	$25.4M	New
NOW ServiceNow Inc.	0.92%	27,209	$21.8M	Add +204.4%
AVGO Broadcom Inc.	0.91%	128,090	$21.5M	Add +137.8%
GOLDEN OCEAN GROUP LTD	0.86%	2,499,677	$20.2M	Add +66.7%
GOOG Alphabet Inc. Class C	0.73%	110,000	$17.2M	New
SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY	0.70%	12,246,947	$16.4M	Add +36.3%
ANET Arista Networks Inc.	0.65%	195,656	$15.2M	Add +526.3%
JPM JPMorgan Chase & Co.	0.63%	60,799	$14.9M	Add +126.1%
KWY Kingsway Corp.	0.59%	1,752,090	$13.9M	Add +9.5%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC	0.58%	253,742	$13.8M	Add +188.0%
SLVM Sylvamo Corp.	0.57%	200,884	$13.5M	Add +905.4%
CME Cme Group Inc.	0.57%	50,499	$13.4M	Add +420.3%
KMPR Kemper Corp.	0.56%	197,714	$13.2M	Add +110.8%
BRO Brown & Brown Inc.	0.55%	104,790	$13.1M	Add +488.3%
PANW Palo Alto Networks Inc.	0.55%	76,170	$13.0M	Add +290.2%
AXS Axis Capital Holdings Ltd.	0.54%	128,078	$12.8M	Add +163.5%
PLTR Palantir Technologies Inc. Class A	0.54%	150,362	$12.7M	Add +222.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.53%	134,696	$12.5M	Reduce -13.0%
BRK.B Berkshire Hathaway Inc. Class B	0.52%	22,939	$12.3M	Add +119.6%
BANC Banc of California Inc.	0.51%	840,814	$11.9M	Add +105.3%
FRO Frontline PLC	0.46%	725,000	$10.8M	Add +11.5%
MXCT Maxcyte Inc.	0.43%	3,700,000	$10.1M	No change
TMUS T-Mobile US Inc.	0.39%	34,738	$9.3M	Add +216.8%
LLY Eli Lilly & Co.	0.38%	10,859	$9.0M	Reduce -1.2%
ABBV Abbvie Inc.	0.38%	42,390	$8.9M	Add +131.3%
EXP Eagle Materials Inc.	0.38%	40,000	$8.9M	New
MRVI Maravai Lifesciences Hldgs-A	0.35%	3,739,951	$8.3M	New
PEP Pepsico Inc.	0.32%	50,736	$7.6M	Add +151.7%
LQDA Liquidia Corp.	0.31%	500,000	$7.4M	No change
XPEL Xpel Inc.	0.31%	250,000	$7.3M	Add +12.8%
SNPS Synopsys Inc.	0.30%	16,485	$7.1M	Reduce -18.1%
NFLX Netflix Inc.	0.29%	7,246	$6.8M	Add +122.7%
SE Sea Ltd.-ADR	0.27%	49,392	$6.4M	Add +57.3%
AA Alcoa Corp.	0.26%	200,000	$6.1M	New
LAD Lithia Motors Inc.	0.26%	20,510	$6.0M	Add +580.0%
EG Everest Group Ltd.	0.25%	16,230	$5.9M	New
GPGI Gpgi Inc. filed as COMPOSECURE INC	0.24%	520,000	$5.7M	New
ACN Accenture PLC Class A	0.23%	17,445	$5.5M	Add +119.6%
GLOB Globant SA	0.23%	46,428	$5.4M	Add +190.3%
BLND Blend Labs Inc. Class A	0.23%	1,607,000	$5.4M	No change
INSW International Seaways Inc.	0.23%	160,000	$5.3M	New
PPBI Pacific Premier Bancorp Inc.	0.22%	245,623	$5.2M	New
SYK Stryker Corp.	0.22%	13,602	$5.1M	Add +133.5%
KMI Kinder Morgan Inc.	0.21%	176,219	$5.0M	Add +121.4%
ASX Ase Technology Holding -ADR	0.21%	573,500	$5.0M	Reduce -14.8%
VALE Vale SA-SP ADR	0.21%	497,465	$5.0M	Reduce -72.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.20%	39,504	$4.8M	Add +119.7%
T AT&T Inc.	0.20%	166,368	$4.7M	New
KOF Coca-Cola Femsa Sab-SP ADR	0.20%	50,995	$4.7M	Add +37.8%
AME Ametek Inc.	0.20%	26,832	$4.6M	Add +118.8%
CPRT Copart Inc.	0.19%	80,633	$4.6M	Add +120.2%
PCAR Paccar Inc.	0.19%	46,705	$4.6M	Add +125.5%
IFS Intercorp Financial Services	0.19%	131,897	$4.4M	Add +3.2%
BLK BlackRock Inc.	0.19%	4,595	$4.4M	Add +134.6%
ELV Elevance Health Inc.	0.18%	9,968	$4.3M	Add +169.2%
CDNS Cadence Design SYS Inc.	0.18%	18,300	$4.3M	Add +348.5%
DHT DHT Holdings Inc.	0.18%	400,000	$4.2M	New
BMY Bristol-Myers Squibb Co.	0.18%	68,053	$4.2M	Add +127.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.18%	36,294	$4.2M	Add +76.7%
NOC Northrop Grumman Corp.	0.17%	7,948	$4.1M	Add +128.0%
TSLA Tesla Inc.	0.17%	15,582	$4.0M	Add +119.5%
UNP Union Pacific Corp.	0.17%	17,026	$4.0M	Add +125.2%
KHC The Kraft Heinz Co.	0.17%	132,028	$4.0M	Add +128.1%
SHOP Shopify Inc. Class A	0.16%	39,864	$3.8M	Add +122.7%
ADBE Adobe Inc.	0.16%	9,893	$3.8M	Add +87.5%
PSMT Pricesmart Inc.	0.16%	42,283	$3.7M	Add +101.5%
TMO Thermo Fisher Scientific Inc.	0.16%	7,384	$3.7M	Add +125.0%
JNJ Johnson & Johnson	0.16%	22,108	$3.7M	Add +234.7%
MTD Mettler-Toledo International	0.16%	3,093	$3.7M	Add +126.6%
KVUE Kenvue Inc.	0.15%	150,913	$3.6M	Add +314.0%
BANCOLOMBIA S.A.-SPONS ADR	0.15%	89,379	$3.6M	Reduce -10.0%
VAL Valaris Ltd.	0.15%	90,000	$3.5M	Add +125.0%
LAB Standard Biotools Inc.	0.15%	3,270,673	$3.5M	Add +4.5%
AMAT Applied Materials Inc.	0.15%	24,172	$3.5M	Add +119.4%
CHD Church & Dwight Co. Inc.	0.15%	31,731	$3.5M	Add +136.2%
PRI Primerica Inc.	0.15%	12,023	$3.4M	Add +101.1%
MS Morgan Stanley	0.14%	29,004	$3.4M	Add +118.7%
PLD Prologis Inc.	0.14%	29,919	$3.4M	Add +131.6%
ALNY Alnylam Pharmaceuticals Inc.	0.13%	11,737	$3.2M	Add +11.4%
CRM Salesforce Inc.	0.13%	11,751	$3.2M	Add +1137.0%
CRH CRH PLC	0.13%	35,978	$3.2M	Add +134.1%
VLO Valero Energy Corp.	0.13%	23,727	$3.1M	Add +125.7%
OGE Oge Energy Corp.	0.13%	67,831	$3.1M	Add +105.1%
FFWM First Foundation Inc.	0.13%	597,770	$3.1M	Add +50.8%
LPG Dorian LPG Ltd.	0.13%	135,000	$3.0M	New
IDA Idacorp Inc.	0.13%	25,851	$3.0M	Add +104.7%
LRCX Lam Research Corp.	0.13%	40,827	$3.0M	New
TPB Turning Point Brands Inc.	0.13%	50,000	$3.0M	New
BSY Bentley Systems Inc. Class B	0.13%	72,900	$3.0M	Add +100.8%
JLL Jones Lang Lasalle Inc.	0.12%	11,796	$2.9M	Add +139.2%
CHTR Charter Communications Inc. Class A	0.12%	7,828	$2.9M	Add +312.6%
TAP Molson Coors Beverage Co. Class B	0.12%	47,285	$2.9M	Add +102.8%
BABA Alibaba Group Holding-SP ADR	0.12%	21,850	$2.9M	Reduce -41.3%
CPA Copa Holdings SA Class A	0.12%	30,560	$2.8M	Add +26.0%
CTRE Caretrust REIT Inc.	0.12%	97,547	$2.8M	Add +146.3%
OLLI Ollie's Bargain Outlet Holdi	0.12%	23,753	$2.8M	Add +134.6%
IDXX Idexx Laboratories Inc.	0.12%	6,501	$2.7M	Add +130.8%
SU Suncor Energy Inc.	0.12%	70,369	$2.7M	Add +100.0%
ARGX Argenx SE - ADR	0.12%	4,566	$2.7M	Add +10.5%
BLD Topbuild Corp.	0.11%	8,834	$2.7M	Add +133.6%
MKC McCormick & Co.-Non VTG SHRS	0.11%	31,881	$2.6M	Add +137.2%
EXPD Expeditors Intl Wash Inc.	0.11%	21,289	$2.6M	Add +134.2%
RRC Range Resources Corp.	0.11%	63,423	$2.5M	Add +139.8%
F Ford Motor Co. filed as FORD MTR CO	0.11%	247,696	$2.5M	Add +138.7%
TTWO Take-Two Interactive Softwre	0.10%	11,699	$2.5M	New
RPM RPM International Inc.	0.10%	20,861	$2.4M	Add +132.3%
CDW CDW Corp.	0.10%	15,010	$2.4M	Add +124.4%
OXY Occidental Petroleum Corp.	0.10%	48,558	$2.4M	Add +151.6%
CTRA Coterra Energy Inc.	0.10%	82,899	$2.4M	Add +140.7%
BN Brookfield Corp.	0.10%	44,590	$2.3M	Add +130.2%
XP XP Inc. Class A	0.10%	170,099	$2.3M	Add +184.1%
RS Reliance Inc.	0.10%	7,861	$2.3M	Add +53.9%
INTU Intuit Inc.	0.10%	3,667	$2.3M	No change
FLUT Flutter Entertainment PLC-Di	0.09%	10,010	$2.2M	Add +135.0%
CP Canadian Pacific Kansas City	0.09%	31,301	$2.2M	Add +133.9%
ADSK Autodesk Inc.	0.09%	8,295	$2.2M	No change
CMCSA Comcast Corp. Class A	0.09%	58,994	$2.2M	Reduce -47.6%
CSGP Costar Group Inc.	0.09%	27,192	$2.2M	Add +153.1%
CDLX Cardlytics Inc.	0.09%	1,155,000	$2.1M	No change
CRWD CrowdStrike Holdings Inc. Class A	0.09%	5,886	$2.1M	Add +158.5%
STNG Scorpio Tankers Inc.	0.09%	55,000	$2.1M	New
BAM Brookfield Asset Mgmt-A	0.09%	42,528	$2.1M	Add +176.1%
LAUR Laureate Education Inc.	0.09%	99,350	$2.0M	Add +52.3%
PNC PNC Financial Services Group	0.08%	11,285	$2.0M	Add +136.7%
USB US Bancorp	0.08%	46,555	$2.0M	Add +143.7%
IBP Installed Building Products	0.08%	11,376	$2.0M	Add +151.6%
DDOG Datadog Inc. Class A	0.08%	19,300	$2.0M	New
GGAL Grupo Financiero Galicia-ADR	0.08%	33,659	$1.8M	Add +866.4%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU	0.08%	115,656	$1.8M	New
EPAM Epam Systems Inc.	0.07%	10,328	$1.7M	Add +233.2%
BAP Credicorp Ltd.	0.07%	9,180	$1.7M	Reduce -62.6%
PTC PTC Inc.	0.07%	10,343	$1.6M	No change
FDS Factset Research Systems Inc.	0.07%	3,504	$1.6M	Add +16.8%
ORCL Oracle Corp.	0.07%	11,054	$1.6M	No change
SYNA Synaptics Inc.	0.06%	23,772	$1.5M	Reduce -60.0%
MU Micron Technology Inc.	0.06%	17,052	$1.5M	Reduce -53.9%
PH Parker Hannifin Corp.	0.06%	2,425	$1.5M	New
VIST Vista Energy Sab DE CV	0.06%	30,610	$1.4M	New
TIGO Millicom Intl Cellular S.A.	0.06%	46,802	$1.4M	New
NXPI NXP Semiconductors NV	0.06%	7,345	$1.4M	Add +107.3%
LEA Lear Corp.	0.06%	14,930	$1.3M	Add +143.5%
INDA iShares MSCI India ETF	0.06%	27,685	$1.3M	New
VECO Veeco Instruments Inc.	0.06%	64,669	$1.3M	Reduce -38.5%
SPOT Spotify Technology SA	0.06%	2,373	$1.3M	New
WDAY Workday Inc. Class A	0.05%	4,896	$1.1M	No change
EGY Vaalco Energy Inc.	0.05%	300,000	$1.1M	New
PAGS Pagseguro Digital Ltd. Class A	0.05%	146,002	$1.1M	New
AMD Advanced Micro Devices	0.04%	10,231	$1.0M	New
EU Encore Energy Corp.	0.04%	750,000	$986K	Add +200.0%
AGRO Adecoagro SA	0.04%	88,028	$983K	New
NVMI Nova Ltd.	0.04%	5,241	$969K	Reduce -58.1%
STX Seagate Technology Holdings	0.04%	11,311	$956K	Reduce -79.3%
FN Fabrinet	0.04%	4,836	$953K	New
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE	0.04%	22,774	$905K	Reduce -14.0%
AMT American Tower Corp.	0.03%	3,737	$820K	Reduce -80.0%
HUBB Hubbell Inc.	0.03%	2,157	$714K	New
OMC Omnicom Group	0.03%	8,836	$705K	No change
IWM iShares Russell 2000 ETF	0.03%	3,500	$702K	Reduce -43.5%
NVGS Navigator Holdings Ltd.	0.03%	50,967	$678K	New
EWZ iShares MSCI Brazil ETF	0.03%	26,100	$675K	New
FXI iShares China Large-Cap ETF	0.03%	20,250	$671K	New
DOX Amdocs Ltd.	0.03%	7,151	$651K	No change
ALLE Allegion PLC	0.03%	4,788	$625K	Add +15.0%
VRT Vertiv Holdings Co. Class A	0.03%	8,467	$611K	Add +19.1%
CEPU Central Puerto-Sponsored ADR	0.03%	53,800	$597K	Reduce -40.3%
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD	0.02%	57,763	$585K	New
IBN Icici Bank Ltd.-Spon ADR	0.02%	18,000	$567K	Reduce -82.1%
IPG Interpublic Group of Cos Inc.	0.02%	20,063	$524K	No change
ICHR Ichor Holdings Ltd.	0.02%	22,916	$511K	New
ESTC Elastic NV	0.02%	5,500	$502K	New
ARCO Arcos Dorados Holdings Inc. Class A	0.02%	62,227	$502K	New
CRESY Cresud S.A.-Spons ADR	0.02%	45,000	$497K	Add +62.4%
KLIC Kulicke & Soffa Industries	0.02%	14,667	$491K	Reduce -51.1%
BMA Banco Macro SA-ADR	0.02%	6,365	$481K	Reduce -50.6%
HIMX Himax Technologies Inc.-ADR	0.02%	63,078	$469K	New
UUUU Energy Fuels Inc.	0.02%	125,000	$466K	New
AEHR Aehr Test Systems	0.02%	58,993	$463K	Reduce -36.6%
LBTYA Liberty Global Ltd. Class A	0.02%	40,000	$460K	Add +100.0%
INFA Informatica Inc. Class A	0.02%	25,900	$457K	Add +86.3%
FLEX Flex Ltd.	0.02%	13,657	$456K	Reduce -74.5%
DNN Denison Mines Corp.	0.02%	350,000	$455K	New
PENG Penguin Solutions Inc.	0.02%	26,280	$454K	Add +3.7%
MCHI iShares MSCI China ETF	0.02%	9,000	$453K	New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.02%	43,487	$447K	New
PDS Precision Drilling Corp.	0.02%	9,774	$442K	New
EXTR Extreme Networks Inc.	0.02%	33,630	$442K	New
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A	0.02%	20,387	$369K	Reduce -19.4%
INTC Intel Corp.	0.01%	16,000	$336K	New
NEM Newmont Corp.	0.01%	6,677	$323K	New
EEM iShares MSCI Emerging Market	0.01%	8,000	$323K	New
ANSS Ansys Inc.	0.01%	1,080	$316K	New
CNQ Canadian Natural Resources	0.01%	10,165	$314K	New
NBIS Nebius Group NV	0.01%	14,617	$308K	Add +3.7%
WK Workiva Inc.	0.01%	3,451	$262K	No change
OABI Omniab Inc.	0.01%	100,381	$241K	New
MBLY Mobileye Global Inc. Class A	0.01%	15,500	$225K	New
SKYT Skywater Technology Inc.	0.01%	32,003	$224K	New
GOVT iShares US Treasury Bond ETF	0.01%	10,000	$213K	New
NIO Nio Inc. - ADR	0.01%	50,535	$193K	Reduce -29.9%
WIT Wipro Ltd.-ADR	0.00%	24,000	$68K	New

Options reported separately and not counted above: QQQM calls ($1.4M), FRO calls ($255K), VG calls ($233K), TRMD calls ($227K), STNG calls ($143K), NFE calls ($121K), NVGS calls ($93K), INSW calls ($60K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $94.1M (not counted above)

Security	Class	Shares / Principal	Value	Change
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	87,250,000	$87.1M	No change
UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	2,200,000	$7.0M	New
ADSEW ADS-Tec Energy PLC-WRNT	*W EXP 99/99/999	15,038	$52K	New

Total filed on the 13F, all lines: $2.5B.

Portfolio Sells Q4 2024 → Q1 2025


NXE Nexgen Energy Ltd.	Sold out	0.00%	−2.09
PLUS Eplus Inc.	Sold out	0.00%	−1.89
VALE Vale SA-SP ADR	Reduce -72.4%	0.21%	−1.30
KSPI JSC Kaspi.kz ADR	Reduce -13.0%	0.53%	−0.86
SNPS Synopsys Inc.	Reduce -18.1%	0.30%	−0.62
MPWR Monolithic Power Systems Inc.	Sold out	0.00%	−0.56
BEP Brookfield Renewable Partner	Sold out	0.00%	−0.55
ASX Ase Technology Holding -ADR	Reduce -14.8%	0.21%	−0.43
LLY Eli Lilly & Co.	Reduce -1.2%	0.38%	−0.42
STX Seagate Technology Holdings	Reduce -79.3%	0.04%	−0.41
SYNA Synaptics Inc.	Reduce -60.0%	0.06%	−0.37
BAP Credicorp Ltd.	Reduce -62.6%	0.07%	−0.35
WDC Western Digital Corp.	Sold out	0.00%	−0.33
CMCSA Comcast Corp. Class A	Reduce -47.6%	0.09%	−0.31
EDN Emp Distrib Y Comerc Nor-ADR	Sold out	0.00%	−0.30
AMT American Tower Corp.	Reduce -80.0%	0.03%	−0.29
ARW Arrow Electronics Inc.	Sold out	0.00%	−0.28
IBN Icici Bank Ltd.-Spon ADR	Reduce -82.1%	0.02%	−0.26
AZPN Aspen Technology Inc.	Sold out	0.00%	−0.26
YPF YPF S.A.-Sponsored ADR	Sold out	0.00%	−0.26
LOGI Logitech International-Reg	Sold out	0.00%	−0.24
MU Micron Technology Inc.	Reduce -53.9%	0.06%	−0.23
FORM Formfactor Inc.	Sold out	0.00%	−0.22
ERO Ero Copper Corp.	Sold out	0.00%	−0.21
VECO Veeco Instruments Inc.	Reduce -38.5%	0.06%	−0.21
ALTR Altair Engineering Inc. Class A	Sold out	0.00%	−0.19
NVMI Nova Ltd.	Reduce -58.1%	0.04%	−0.19
ONTO Onto Innovation Inc.	Sold out	0.00%	−0.19
JBL Jabil Inc.	Sold out	0.00%	−0.19
JBTM JBT Marel Corp.	Sold out	0.00%	−0.18
BABA Alibaba Group Holding-SP ADR	Reduce -41.3%	0.12%	−0.18
FLEX Flex Ltd.	Reduce -74.5%	0.02%	−0.17
NWSA News Corp. Class A	Sold out	0.00%	−0.17
IFF Intl Flavors & Fragrances	Sold out	0.00%	−0.15
BANCOLOMBIA S.A.-SPONS ADR	Reduce -10.0%	0.15%	−0.14
DLO Dlocal Ltd.	Sold out	0.00%	−0.13
AEHR Aehr Test Systems	Reduce -36.6%	0.02%	−0.13
IRS Irsa -SP ADR	Sold out	0.00%	−0.13
MLM Martin Marietta Materials	Sold out	0.00%	−0.12
KLIC Kulicke & Soffa Industries	Reduce -51.1%	0.02%	−0.11
DAN Dana Inc.	Sold out	0.00%	−0.11
POWI Power Integrations Inc.	Sold out	0.00%	−0.11
CNNE Cannae Holdings Inc.	Sold out	0.00%	−0.10
IWM iShares Russell 2000 ETF	Reduce -43.5%	0.03%	−0.10
GE General Electric	Sold out	0.00%	−0.10
CEPU Central Puerto-Sponsored ADR	Reduce -40.3%	0.03%	−0.10
BMA Banco Macro SA-ADR	Reduce -50.6%	0.02%	−0.10
NOK Nokia Corp.-Spon ADR	Sold out	0.00%	−0.10
CENTA Central Garden and Pet Co. Class A	Sold out	0.00%	−0.09
BWA Borgwarner Inc.	Sold out	0.00%	−0.08

Portfolio Buys Q4 2024 → Q1 2025


APO Apollo Global Management Inc.	New	2.03%	+2.03
STLD Steel Dynamics Inc.	Add +432.4%	2.99%	+1.85
MSFT Microsoft Corp.	Add +242.2%	5.66%	+1.53
TSN Tyson Foods Inc. Class A	Add +437.0%	2.25%	+1.41
GM General Motors Co.	Add +2617.1%	1.54%	+1.40
V Visa Inc. Class A	Add +303.1%	2.66%	+1.34
RYAN Ryan Specialty Holdings Inc.	New	1.33%	+1.33
AAPL Apple Inc.	Add +264.3%	3.86%	+1.21
KNSL Kinsale Capital Group Inc.	Add +458.1%	1.90%	+1.18
UNH Unitedhealth Group Inc.	Add +298.4%	2.45%	+1.13
NVR NVR Inc.	New	1.08%	+1.08
HCA HCA Healthcare Inc.	Add +287.6%	2.01%	+1.01
AMZN Amazon.com Inc.	Add +239.3%	4.08%	+1.00
BKNG Booking Holdings Inc.	Add +392.9%	1.91%	+0.98
DG Dollar General Corp.	Add +346.5%	1.53%	+0.88
PGR Progressive Corp.	Add +245.7%	1.80%	+0.82
VRTX Vertex Pharmaceuticals Inc.	Add +408.6%	1.17%	+0.75
GOOG Alphabet Inc. Class C	New	0.73%	+0.73
DAL Delta Air Lines Inc.	Add +401.6%	1.88%	+0.72
TSM Taiwan Semiconductor-SP ADR	Add +307.9%	1.65%	+0.58
MELI MercadoLibre Inc.	Add +287.1%	1.16%	+0.58
ODFL Old Dominion Freight Line	Add +352.8%	1.12%	+0.54
THO Thor Industries Inc.	Add +331.5%	1.25%	+0.44
SLVM Sylvamo Corp.	Add +905.4%	0.57%	+0.42
SAIA Saia Inc.	Add +348.8%	1.08%	+0.38
BRO Brown & Brown Inc.	Add +488.3%	0.55%	+0.38
EXP Eagle Materials Inc.	New	0.38%	+0.38
CME Cme Group Inc.	Add +420.3%	0.57%	+0.36
MRVI Maravai Lifesciences Hldgs-A	New	0.35%	+0.35
META Meta Platforms Inc. Class A	Add +193.6%	1.47%	+0.34
ANET Arista Networks Inc.	Add +526.3%	0.65%	+0.32
AA Alcoa Corp.	New	0.26%	+0.26
EG Everest Group Ltd.	New	0.25%	+0.25
GPGI Gpgi Inc.	New	0.24%	+0.24
INSW International Seaways Inc.	New	0.23%	+0.23
PPBI Pacific Premier Bancorp Inc.	New	0.22%	+0.22
PANW Palo Alto Networks Inc.	Add +290.2%	0.55%	+0.22
PLTR Palantir Technologies Inc. Class A	Add +222.3%	0.54%	+0.21
T AT&T Inc.	New	0.20%	+0.20
DHT DHT Holdings Inc.	New	0.18%	+0.18
NVDA Nvidia Corp.	Add +189.0%	3.60%	+0.17
GOOGL Alphabet Inc. Class A	Add +189.3%	2.86%	+0.17
TMUS T-Mobile US Inc.	Add +216.8%	0.39%	+0.17
LAD Lithia Motors Inc.	Add +580.0%	0.26%	+0.15
AXS Axis Capital Holdings Ltd.	Add +163.5%	0.54%	+0.14
LPG Dorian LPG Ltd.	New	0.13%	+0.13
LRCX Lam Research Corp.	New	0.13%	+0.13
TPB Turning Point Brands Inc.	New	0.13%	+0.13
KB KB Financial Group Inc.-ADR	Add +188.0%	0.58%	+0.11
CRM Salesforce Inc.	Add +1137.0%	0.13%	+0.10

Options Activity Q4 2024 → Q1 2025


BA The Boeing Co.	put	Sold out	10,000	$1.8Mbefore exit
QQQM Invesco Nasdaq 100 ETF	call	New	7,500	$1.4M
FRO Frontline PLC	call	New	17,200	$255K
VG Venture Global Inc. Class A	call	New	22,600	$233K
TRMD Torm PLC-A	call	New	13,800	$227K
STNG Scorpio Tankers Inc.	call	New	3,800	$143K
NFE New Fortress Energy Inc.	call	New	14,600	$121K
NVGS Navigator Holdings Ltd.	call	New	7,000	$93K
INSW International Seaways Inc.	call	New	1,800	$60K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025


UNITED STATES STEEL CORP (X 5 11/01/26)	NOTE 5.000%11/0 · principal	New	2,200,000	$7.0M
LIVENT CORP (LTHM 4.125 07/15/25)	NOTE 4.125% 7/1 · principal	Sold out	5,000,000	$6.6Mbefore exit
ADSEW ADS-Tec Energy PLC-WRNT	*W EXP 99/99/999	New	15,038	$52K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	660	$941.7M	ADSE, IWM, OCFC, BUSE, FSUN
Q1 2026	878	$986.9M	ADSE, BUSE, EG, FSUN, OCFC
Q4 2025	657	$977.9M	ADSE, CVNA, BUSE, KWY, SKIN
Q3 2025Amended	248	$1.1B	ADSE, CVNA, MSFT, NVDA, KWY
Q2 2025	202	$929.3M	ADSE, CVNA, KWY, EG, SKIN
Q1 2025Amended	227	$2.4B	ADSE, MSFT, AMZN, AAPL, NVDA
Q4 2024	224	$1.1B	ADSE, MSFT, NVDA, AMZN, GOOGL
Q3 2024	145	$1.8B	TLN, GOOGL, BRK.A, LBRDK, CUK
Q2 2024	413	$1.2B	GOOGL, CUK, LBRDK, NWSA, FOX
Q1 2024	484	$1.4B	GOOGL, LBTYA, LBRDK, CUK, ADSE