~~low teens since 1999
Portfolio value
$423M
Positions
3
Top 5 concentration
100%
New buys this quarter
0
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $HCC WARRIOR MET COAL INC | Held | 39.9% | $169M |
| $RIG TRANSOCEAN LTD | Trimmed | 32% | $135M |
| $AMR ALPHA METALLURGICAL RESOUR I | Added | 28.1% | $119M |
Notable sell-outs this quarter: $VAL
Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.