Q3 2025 Holdings
Filed 2025-11-10 | 34 holdings | $5.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Simon Ppty Group Inc New(SPG) | COM | 828806109 | $359.5M | 1,915,505 | 6.9% |
| D R Horton Inc(DHI) | COM | 23331A109 | $311.7M | 1,839,163 | 6.0% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $278.2M | 16,389,740 | 5.4% |
| American Express Co(AXP) | COM | 025816109 | $273.0M | 821,852 | 5.3% |
| Macerich Co(MAC) | COM | 554382101 | $271.8M | 14,931,924 | 5.3% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $254.7M | 3,034,674 | 4.9% |
| APA Corporation(APA) | COM | 03743Q108 | $246.7M | 10,161,573 | 4.8% |
| Lennar Corp(LEN) | CL A | 526057104 | $245.6M | 1,948,849 | 4.7% |
| Amgen Inc(AMGN) | COM | 031162100 | $242.0M | 857,384 | 4.7% |
| NVR Inc(NVR) | COM | 62944T105 | $212.6M | 26,462 | 4.1% |
| Ebay Inc.(EBAY) | COM | 278642103 | $197.7M | 2,173,735 | 3.8% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $189.9M | 601,947 | 3.7% |
| Diamondback Energy Inc(FANG) | COM | 25278X109 | $187.8M | 1,312,413 | 3.6% |
| Occidental Pete Corp(OXY) | COM | 674599105 | $178.9M | 3,787,043 | 3.5% |
| Bank America Corp(BAC) | COM | 060505104 | $174.9M | 3,389,427 | 3.4% |
| Conocophillips(COP) | COM | 20825C104 | $165.9M | 1,753,485 | 3.2% |
| Target Corp(TGT) | COM | 87612E106 | $164.2M | 1,830,431 | 3.2% |
| Home Depot Inc(HD) | COM | 437076102 | $152.9M | 377,406 | 3.0% |
| Ovintiv Inc(OVV) | COM | 69047Q102 | $139.7M | 3,459,320 | 2.7% |
| U Haul Holding Company(UHAL/B) | COM SER N | 023586506 | $134.2M | 2,636,827 | 2.6% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $115.6M | 1,333,236 | 2.2% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $114.0M | 330,118 | 2.2% |
| Qualcomm Inc(QCOM) | COM | 747525103 | $111.5M | 670,386 | 2.2% |
| Credit Accep Corp Mich(CACC) | COM | 225310101 | $94.0M | 201,402 | 1.8% |
| Ulta Beauty Inc(ULTA) | COM | 90384S303 | $83.9M | 153,423 | 1.6% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $72.4M | 1,626,001 | 1.4% |
| M & T BK Corp(MTB) | COM | 55261F104 | $71.3M | 361,011 | 1.4% |
| Crocs Inc(CROX) | COM | 227046109 | $53.0M | 634,082 | 1.0% |
| Devon Energy Corp New(DVN) | COM | 25179M103 | $51.8M | 1,478,887 | 1.0% |
| Frontline PLC(FRO) | COM | M46528101 | $13.5M | 590,266 | 0.3% |
| West Fraser Timber Co LTD(WFG) | COM | 952845105 | $8.2M | 120,378 | 0.2% |
| Occidental Pete Corp(OXY/WS) | *W EXP 08/03/202 | 674599162 | $3.9M | 153,969 | 0.1% |
| Ishares TR(IWD) | RUS 1000 VAL ETF | 464287598 | $1.1M | 5,506 | 0.0% |
| Vanguard Index FDS(VTV) | VALUE ETF | 922908744 | $245.6K | 1,317 | 0.0% |