Investor: Bill Nygren
Number of Assets: 41
Reporting Period: Q4 - 2025
Holdings at Report: $2,849,309,979
Return Since Report: +$28,602,380
Return Since Report: +1.00%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Acadia Healthcare Company Inc. (ACHC) | Equity | +150.88% | 4,121,203 | 2.05% | $14.19 | $23.39 | $58,479,870 | $96,394,938 | +$37,915,068 | +64.83% |
| Antero Resources Corp. (AR) | Equity | +100% | 1,014,070 | 1.23% | $34.46 | $42.39 | $34,944,852 | $42,986,427 | +$8,041,575 | +23.01% |
| Bkv Corp. (BKV) | Equity | +100% | 1,287,943 | 1.23% | $27.15 | $28.52 | $34,967,652 | $36,732,134 | +$1,764,482 | +5.05% |
| Brighthouse Financial Inc. (BHF) | Equity | 0% | 2,792,100 | 6.35% | $64.79 | $59.90 | $180,900,159 | $167,246,790 | -$13,653,369 | -7.55% |
| Capri Holdings Limited (CPRI) | Equity | +77.41% | 4,768,007 | 4.08% | $24.40 | $17.64 | $116,339,371 | $84,107,643 | -$32,231,728 | -27.70% |
| Centene Corp. (CNC) | Equity | +69.14% | 2,639,420 | 3.81% | $41.15 | $32.73 | $108,612,134 | $86,388,217 | -$22,223,917 | -20.46% |
| CNH Industrial N.V. (CNH) | Equity | -2.32% | 5,767,540 | 1.87% | $9.22 | $11.03 | $53,176,719 | $63,615,966 | +$10,439,247 | +19.63% |
| Core Natural Resources Inc. (CNR) | Equity | -2.56% | 2,100,480 | 6.52% | $88.51 | $104.72 | $185,913,485 | $219,962,266 | +$34,048,781 | +18.31% |
| Coya Therapeutics Inc. (COYA) | Equity | +23.05% | 2,025,940 | 0.41% | $5.80 | $3.94 | $11,750,452 | $7,982,204 | -$3,768,248 | -32.07% |
| Deckers Outdoor Corp. (DECK) | Equity | +100% | 298,778 | 1.09% | $103.67 | $99.91 | $30,974,315 | $29,850,910 | -$1,123,405 | -3.63% |
| Dht Holdings Inc. (DHT) | Equity | -3.34% | 7,366,664 | 3.16% | $12.21 | $18.27 | $89,946,967 | $134,574,218 | +$44,627,251 | +49.62% |
| Fluor Corp. (FLR) | Equity | +0.77% | 5,555,900 | 7.73% | $39.63 | $46.61 | $220,180,318 | $258,932,720 | +$38,752,402 | +17.60% |
| Gain Therapeutics Inc. (GANX) | Equity | 0% | 566,130 | 0.06% | $3.22 | $1.94 | $1,822,939 | $1,098,292 | -$724,647 | -39.75% |
| Galapagos Nv (GLPG) | Equity | 0% | 482,746 | 0.55% | $32.70 | $30.00 | $15,785,794 | $14,482,380 | -$1,303,414 | -8.26% |
| Global Payments Inc. (GPN) | Equity | +100% | 452,730 | 1.23% | $77.40 | $67.51 | $35,041,302 | $30,563,802 | -$4,477,500 | -12.78% |
| Gopro Inc. (GPRO) | Equity | 0% | 1,693,860 | 0.08% | $1.41 | $0.76 | $2,388,343 | $1,278,864 | -$1,109,479 | -46.45% |
| Graphic Packaging Holding Company (GPK) | Equity | +78.82% | 8,415,110 | 4.45% | $15.06 | $9.95 | $126,731,557 | $83,688,269 | -$43,043,288 | -33.96% |
| Green Brick Partners Inc. (GRBK) | Equity | 0% | 9,467,383 | 20.82% | $62.66 | $64.45 | $593,226,219 | $610,172,834 | +$16,946,615 | +2.86% |
| Henry Schein Inc. (HSIC) | Equity | +100% | 469,250 | 1.24% | $75.58 | $73.57 | $35,465,915 | $34,522,723 | -$943,193 | -2.66% |
| Katapult Holdings Inc. (KPLTW) | Warrant | +100% | 262,227 | N/A | $0.00 | N/A | $944 | N/A | N/A | N/A |
| Kraneshares Csi China Internet ETF (KWEB) | Equity | +52.26% | 131,510 | 0.16% | $34.05 | $28.49 | $4,477,916 | $3,746,720 | -$731,196 | -16.33% |
| Kyndryl Holdings Inc. (KD) | Equity | -12.14% | 3,816,353 | 3.56% | $26.56 | $13.12 | $101,362,336 | $50,070,551 | -$51,291,785 | -50.60% |
| Liberty Global Ltd. (LBTYA) | Equity | -4.14% | 5,004,432 | 1.96% | $11.14 | $12.09 | $55,749,372 | $60,503,583 | +$4,754,211 | +8.53% |
| Nuvation Bio Inc. (NUVB-WS) | Bond | +100% | 100,000 | N/A | $0.33 | N/A | $33,000 | N/A | N/A | N/A |
| Nuvation Bio Inc. (NUVB) | Equity | 0% | 34,995 | 0.01% | $8.96 | $4.28 | $313,555 | $149,604 | -$163,951 | -52.29% |
| Peloton Interactive Inc. (PTON) | Equity | 0% | 246,460 | 0.05% | $6.16 | $4.29 | $1,518,194 | $1,057,313 | -$460,881 | -30.36% |
| Weatherford International PLC (WFRD) | Equity | -22.60% | 743,620 | 2.04% | $78.26 | $94.58 | $58,195,702 | $70,331,580 | +$12,135,878 | +20.85% |
| Penn Entertainment Inc. (PENN) | Equity | -10.71% | 6,044,440 | 3.13% | $14.75 | $15.04 | $89,155,490 | $90,908,378 | +$1,752,888 | +1.97% |
| PG&E Corp. (PCG) | Equity | +21.99% | 7,784,103 | 4.39% | $16.07 | $17.56 | $125,090,536 | $136,649,928 | +$11,559,392 | +9.24% |
| Roivant Sciences Ltd. (ROIV) | Equity | -9.06% | 2,069,309 | 1.58% | $21.70 | $27.67 | $44,904,005 | $57,257,780 | +$12,353,775 | +27.51% |
| Slide INS Hldgs INC | Equity | +100% | 1,149,880 | 0.79% | $19.48 | $0.00 | $22,399,663 | $0 | -$22,399,663 | -100% |
| Sotera Health Company (SHC) | Equity | +155.44% | 461,270 | 0.29% | $17.64 | $14.34 | $8,136,803 | $6,614,612 | -$1,522,191 | -18.71% |
| SPDR Gold Shares (GLD) | Equity | -2.59% | 170,561 | 2.37% | $396.31 | $430.21 | $67,595,030 | $73,377,048 | +$5,782,018 | +8.55% |
| Spectrum Brands Holdings Inc. (SPB) | Equity | +100% | 663,890 | 1.38% | $59.08 | $73.81 | $39,222,622 | $48,998,401 | +$9,775,779 | +24.92% |
| Td Synnex Corp. (SNX) | Equity | +44.73% | 56,490 | 0.30% | $150.23 | $168.62 | $8,486,493 | $9,525,061 | +$1,038,568 | +12.24% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | -19.05% | 3,058,734 | 3.35% | $31.21 | $30.01 | $95,463,088 | $91,792,607 | -$3,670,481 | -3.84% |
| The Cigna Group (CI) | Equity | 0% | 93,750 | 0.91% | $275.23 | $266.30 | $25,802,813 | $24,965,625 | -$837,188 | -3.24% |
| United Parks & Resorts Inc. (PRKS) | Equity | +21.99% | 574,620 | 0.73% | $36.30 | $32.64 | $20,858,706 | $18,755,597 | -$2,103,109 | -10.08% |
| Vaneck Gold Miners ETF (GDX) | Equity | -15.04% | 64,960 | 0.20% | $85.77 | $91.72 | $5,571,619 | $5,958,131 | +$386,512 | +6.94% |
| Victoria'S Secret & Co. (VSCO) | Equity | -10.07% | 1,737,869 | 3.30% | $54.17 | $46.36 | $94,140,364 | $80,558,917 | -$13,581,447 | -14.43% |
| Warner Bros. Discovery Inc. (WBD) | Equity | +100% | 1,533,080 | 1.55% | $28.82 | $27.45 | $44,183,365 | $42,075,381 | -$2,107,984 | -4.77% |