Q4 2025 Holdings
Filed 2026-02-17 | 32 holdings | $3.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Select Sector Spdr TR(XLI)Put | STATE STREET IND | 81369Y704 | $514.2M | 3,315,000 | 13.5% |
| Select Sector Spdr TR(XLB)Put | STATE STREET MAT | 81369Y100 | $290.2M | 6,400,000 | 7.6% |
| Atkore Inc(ATKR) | COM | 047649108 | $172.9M | 2,733,147 | 4.6% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $170.8M | 4,744,048 | 4.5% |
| Carrier Global Corporation(CARR) | COM | 14448C104 | $170.2M | 3,220,480 | 4.5% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $150.3M | 287,554 | 4.0% |
| TIC Solutions Inc(TIC) | COM | 00510N102 | $150.0M | 14,836,121 | 3.9% |
| Fortive Corp(FTV) | COM | 34959J108 | $134.8M | 2,441,779 | 3.5% |
| Davita Inc(DVA) | COM | 23918K108 | $133.5M | 1,175,485 | 3.5% |
| Rentokil Initial PLC(RTO) | SPONSORED ADR | 760125104 | $133.1M | 4,516,572 | 3.5% |
| Amrize LTD(AMRZ) | SHS | H2927K103 | $132.2M | 2,444,508 | 3.5% |
| Envista Holdings Corporation(NVST) | COM | 29415F104 | $126.1M | 5,808,119 | 3.3% |
| Ralliant Corp(RAL) | COM | 750940108 | $114.8M | 2,255,516 | 3.0% |
| Element Solutions Inc(ESI) | COM | 28618M106 | $114.0M | 4,562,986 | 3.0% |
| Masterbrand Inc(MBC) | COMMON STOCK | 57638P104 | $101.9M | 9,225,631 | 2.7% |
| CRH PLC(CRH) | ORD | G25508105 | $97.2M | 778,679 | 2.6% |
| Vici Pptys Inc(VICI) | COM | 925652109 | $95.9M | 3,409,160 | 2.5% |
| Garrett Motion Inc(GTX) | COM | 366505105 | $95.5M | 5,477,859 | 2.5% |
| TKO Group Holdings Inc(TKO) | CL A | 87256C101 | $94.0M | 449,869 | 2.5% |
| Pentair PLC(PNR) | SHS | G7S00T104 | $94.0M | 902,606 | 2.5% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $93.4M | 2,088,962 | 2.5% |
| Armstrong World Inds Inc New(AWI) | COM | 04247X102 | $81.7M | 427,768 | 2.2% |
| TKO Group Holdings Inc(TKO)Call | CL A | 87256C101 | $79.4M | 380,000 | 2.1% |
| Veralto Corp(VLTO) | COM SHS | 92338C103 | $79.1M | 792,785 | 2.1% |
| API Group Corp(APG) | COM STK | 00187Y100 | $70.2M | 1,833,567 | 1.8% |
| Otis Worldwide Corp(OTIS) | COM | 68902V107 | $66.2M | 757,971 | 1.7% |
| Neogen Corp(NEOG) | COM | 640491106 | $58.6M | 8,385,534 | 1.5% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $56.4M | 746,848 | 1.5% |
| Pentair PLC(PNR)Call | SHS | G7S00T104 | $41.7M | 400,000 | 1.1% |
| Consensus Cloud Solutions in(CCSI) | COM | 20848V105 | $39.2M | 1,794,967 | 1.0% |
| Qnity Electronics Inc(Q) | COMMON STOCK | 74743L100 | $24.9M | 305,463 | 0.7% |
| XBP Global Holdings Inc(XBP) | COM NEW | 98400V200 | $21.7M | 3,193,149 | 0.6% |