Investor: Steven Romick
Number of Assets: 64
Reporting Period: Q4 - 2025
Holdings at Report: $7,596,163,725
Return Since Report: -$615,562,390
Return Since Report: -8.10%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Aersale Corp. (ASLE) | Equity | 0% | 208,726 | 0.02% | $7.11 | $6.22 | $1,484,042 | $1,298,276 | -$185,766 | -12.52% |
| Allegiant Travel Company (ALGT) | Equity | 0% | 34,186 | 0.04% | $85.27 | $81.04 | $2,915,040 | $2,770,433 | -$144,607 | -4.96% |
| Alphabet Inc. (GOOG) | Equity | -9.04% | 1,349,592 | 5.68% | $313.80 | $286.39 | $423,501,970 | $386,509,653 | -$36,992,317 | -8.73% |
| Alphabet Inc. (GOOGL) | Equity | -21.09% | 1,911,429 | 8.03% | $313.00 | $287.22 | $598,277,277 | $549,000,637 | -$49,276,640 | -8.24% |
| Amazon.com Inc. (AMZN) | Equity | -1.75% | 1,411,199 | 4.37% | $230.82 | $208.30 | $325,732,953 | $293,952,752 | -$31,780,201 | -9.76% |
| Analog Devices Inc. (ADI) | Equity | -6.03% | 1,874,867 | 6.82% | $271.20 | $317.95 | $508,463,930 | $596,113,963 | +$87,650,033 | +17.24% |
| Avantor Inc. (AVTR) | Equity | -2.51% | 3,968,620 | 0.61% | $11.46 | $7.86 | $45,480,385 | $31,173,510 | -$14,306,875 | -31.46% |
| Becton Dickinson And Company (BDX) | Equity | +108.41% | 1,951,246 | 5.08% | $194.07 | $157.00 | $378,678,311 | $306,345,622 | -$72,332,689 | -19.10% |
| Bio-Rad Laboratories Inc. (BIO) | Equity | +1.79% | 401,457 | 1.63% | $302.99 | $270.38 | $121,637,456 | $108,545,944 | -$13,091,512 | -10.76% |
| Broadcom Inc. (AVGO) | Equity | -24.94% | 86,111 | 0.40% | $346.10 | $309.45 | $29,803,017 | $26,646,618 | -$3,156,399 | -10.59% |
| Carmax Inc. (KMX) | Equity | +17.84% | 2,924,081 | 1.52% | $38.64 | $41.84 | $112,986,490 | $122,343,549 | +$9,357,059 | +8.28% |
| Charter Communications Inc. (CHTR) | Equity | -28.57% | 461,525 | 1.29% | $208.75 | $219.43 | $96,343,344 | $101,272,431 | +$4,929,087 | +5.12% |
| Citigroup Inc. (C) | Equity | -7.20% | 3,506,931 | 5.49% | $116.69 | $113.44 | $409,223,778 | $397,808,718 | -$11,415,060 | -2.79% |
| Comcast Corp. (CMCSA) | Equity | -25.26% | 8,399,831 | 3.37% | $29.89 | $28.69 | $251,070,949 | $240,949,152 | -$10,121,797 | -4.03% |
| Darling Ingredients Inc. (DAR) | Equity | 0% | 52,447 | 0.03% | $36.00 | $61.86 | $1,888,092 | $3,244,371 | +$1,356,279 | +71.83% |
| Dell Technologies Inc. (DELL) | Equity | -8.49% | 382,985 | 0.65% | $125.88 | $162.65 | $48,210,152 | $62,292,510 | +$14,082,358 | +29.21% |
| Douglas Emmett Inc. (DEI) | Equity | +22.40% | 6,528,956 | 0.96% | $10.99 | $13.57 | $71,753,226 | $88,565,288 | +$16,812,062 | +23.43% |
| Eastern Bankshares Inc. (EBC) | Equity | 0% | 85,883 | 0.02% | $18.43 | $19.56 | $1,582,824 | $1,679,871 | +$97,047 | +6.13% |
| Echostar Corp. (SATS) | Equity | -50.31% | 238,933 | 0.35% | $108.70 | $117.24 | $25,972,017 | $28,012,505 | +$2,040,488 | +7.86% |
| Echostar Corporation (SATS) | Put | +100% | 47,000 | N/A | $108.70 | N/A | $5,108,900 | N/A | N/A | N/A |
| Echostar Corp. | Bond | +100% | 39,308,974 | N/A | $3.34 | N/A | $131,291,973 | N/A | N/A | N/A |
| Meta Platforms Inc. (META) | Equity | -1.25% | 702,121 | 6.22% | $660.09 | $570.25 | $463,463,051 | $400,384,500 | -$63,078,551 | -13.61% |
| Ferguson Enterprises Inc. (FERG) | Equity | -3.19% | 887,120 | 2.65% | $222.63 | $234.10 | $197,499,526 | $207,670,356 | +$10,170,830 | +5.15% |
| Fortune Brands Innovations Inc. (FBIN) | Equity | +22.97% | 3,524,498 | 2.36% | $50.02 | $38.97 | $176,295,390 | $137,349,687 | -$38,945,703 | -22.09% |
| Gulfport Energy Corp. (GPOR) | Equity | -25.83% | 127,434 | 0.36% | $207.99 | $211.39 | $26,504,998 | $26,938,273 | +$433,275 | +1.63% |
| International Flavors & Fragrances Inc. (IFF) | Equity | +8.61% | 5,326,041 | 4.81% | $67.39 | $62.52 | $358,921,903 | $332,984,083 | -$25,937,820 | -7.23% |
| Ishares BB Rated Corporate Bond ETF (HYBB) | Equity | +100% | 286 | 0.00% | $47.13 | N/A | $13,479 | N/A | N/A | N/A |
| Ishares 0-3 Month Treasury Bond ETF (SGOV) | Equity | +11.66% | 40,837 | 0.05% | $100.38 | $100.66 | $4,099,218 | $4,110,652 | +$11,434 | +0.28% |
| Jefferies Financial Group Inc. (JEF) | Equity | 0% | 2,580,283 | 2.14% | $61.97 | $41.14 | $159,900,138 | $106,155,423 | -$53,744,715 | -33.61% |
| Kinder Morgan Inc. (KMI) | Equity | +1.83% | 4,076,504 | 1.50% | $27.49 | $33.31 | $112,063,095 | $135,788,348 | +$23,725,253 | +21.17% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | -12.65% | 387,412 | 1.86% | $357.17 | $302.28 | $138,371,944 | $117,106,899 | -$21,265,045 | -15.37% |
| Laureate Education Inc. (LAUR) | Equity | -53.02% | 101,485 | 0.05% | $33.67 | $34.84 | $3,417,000 | $3,535,737 | +$118,737 | +3.47% |
| Liberty Broadband Corp. (LBRDK) | Equity | +100% | 2,669,348 | 1.74% | $48.60 | $51.03 | $129,730,313 | $136,216,828 | +$6,486,515 | +5.00% |
| Maravai Lifesciences Holdings Inc. (MRVI) | Equity | 0% | 884,883 | 0.04% | $3.25 | $2.83 | $2,875,870 | $2,504,219 | -$371,651 | -12.92% |
| Marriott International Inc. (MAR) | Equity | -13.51% | 389,857 | 1.62% | $310.24 | $326.92 | $120,949,236 | $127,452,050 | +$6,502,814 | +5.38% |
| Ncr Voyix Corp. (VYX) | Equity | +28.89% | 5,038,208 | 0.69% | $10.20 | $6.34 | $51,389,722 | $31,942,239 | -$19,447,483 | -37.84% |
| Nov Inc. (NOV) | Equity | +1.85% | 8,093,810 | 1.70% | $15.63 | $18.87 | $126,506,250 | $152,689,726 | +$26,183,476 | +20.70% |
| Ncr Atleos Corp. (NATL) | Equity | 0% | 2,040,700 | 1.04% | $38.11 | $36.90 | $77,771,077 | $75,291,627 | -$2,479,451 | -3.19% |
| Netflix Inc. (NFLX) | Equity | +900.00% | 16,400 | 0.02% | $93.76 | $96.12 | $1,537,664 | $1,576,368 | +$38,704 | +2.52% |
| PG&E Corp. (PCG) | Equity | +1.87% | 1,142,167 | 0.25% | $16.07 | $17.56 | $18,354,624 | $20,050,742 | +$1,696,118 | +9.24% |
| Par Pacific Holdings Inc. (PARR) | Equity | -21.98% | 43,716 | 0.02% | $35.14 | $62.67 | $1,536,180 | $2,739,682 | +$1,203,502 | +78.34% |
| Pioneer Bancorp. Inc. (PBFS) | Equity | 0% | 166,974 | 0.03% | $13.48 | $13.92 | $2,250,810 | $2,324,278 | +$73,468 | +3.26% |
| Ponce Financial Group Inc. (PDLB) | Equity | 0% | 181,562 | 0.04% | $16.35 | $14.03 | $2,968,539 | $2,547,315 | -$421,224 | -14.19% |
| Reservoir Media Inc. (RSVR) | Equity | 0% | 329,066 | 0.03% | $7.57 | $9.79 | $2,491,030 | $3,221,556 | +$730,526 | +29.33% |
| Rush Enterprises Inc. (RUSHA) | Equity | -6.91% | 148,094 | 0.11% | $53.94 | $66.11 | $7,988,190 | $9,790,494 | +$1,802,304 | +22.56% |
| Stagwell Inc. (STGW) | Equity | 0% | 1,191,918 | 0.08% | $4.89 | $6.29 | $5,828,479 | $7,497,164 | +$1,668,685 | +28.63% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +1.69% | 218,572 | 1.70% | $579.45 | $492.01 | $126,651,545 | $107,538,517 | -$19,113,028 | -15.09% |
| Tidewater Inc. (TDW) | Equity | 0% | 94,961 | 0.06% | $50.51 | $83.56 | $4,796,480 | $7,934,941 | +$3,138,461 | +65.43% |
| Uber Technologies Inc. (UBER) | Equity | +1.96% | 953,263 | 1.04% | $81.71 | $71.89 | $77,891,120 | $68,530,077 | -$9,361,043 | -12.02% |
| Uniti Group LLC | Equity | 0% | 25,235 | 0.00% | $7.01 | N/A | $176,897 | N/A | N/A | N/A |
| Upwork Inc. (UPWK) | Equity | -45.58% | 57,081 | 0.02% | $19.82 | $10.95 | $1,131,345 | $624,752 | -$506,593 | -44.78% |
| Vail Resorts Inc. (MTN) | Equity | +7.38% | 1,087,702 | 1.94% | $132.80 | $128.32 | $144,446,826 | $139,573,921 | -$4,872,905 | -3.37% |
| Vanguard Total World Stock Index Fund ETF Shares (VT) | Equity | +9.90% | 19,743 | 0.04% | $141.06 | $138.21 | $2,784,948 | $2,728,680 | -$56,268 | -2.02% |
| Vornado Realty Trust (VNO) | Equity | 0% | 1,676,513 | 0.75% | $33.28 | $25.99 | $55,794,353 | $43,572,573 | -$12,221,780 | -21.91% |
| Westinghouse Air Brake Technologies Corp. (WAB) | Equity | +1.81% | 444,548 | 1.27% | $213.45 | $250.02 | $94,888,771 | $111,145,891 | +$16,257,120 | +17.13% |
| Wayfair Inc. | Bond | +100% | 4,934,000 | N/A | $1.00 | N/A | $4,911,797 | N/A | N/A | N/A |
| Wells Fargo & Company (WFC) | Equity | -14.08% | 1,109,828 | 1.39% | $93.20 | $79.53 | $103,435,970 | $88,259,072 | -$15,176,898 | -14.67% |
| Aon PLC (AON) | Equity | +0.32% | 656,531 | 3.11% | $352.88 | $322.58 | $231,676,659 | $211,783,770 | -$19,892,889 | -8.59% |
| Icon Public Limited Company (ICLR) | Equity | +0.66% | 980,804 | 2.40% | $182.22 | $110.66 | $178,722,105 | $108,535,771 | -$70,186,334 | -39.27% |
| Te Connectivity PLC (TEL) | Equity | -16.01% | 1,779,970 | 5.43% | $227.51 | $208.99 | $404,960,975 | $371,987,030 | -$32,973,945 | -8.14% |
| Amrize LTD | Equity | +100% | 3,408,072 | 2.47% | $54.08 | $0.00 | $184,308,534 | $0 | -$184,308,534 | -100% |
| Orion S.A (OEC) | Equity | 0% | 417,388 | 0.03% | $5.28 | $6.52 | $2,203,809 | $2,721,370 | +$517,561 | +23.48% |
| Magnum ICE Cream CO | Equity | +100% | 1,697,675 | 0.36% | $15.85 | N/A | $26,908,149 | N/A | N/A | N/A |
| NXP Semiconductors N.V. (NXPI) | Equity | +0.17% | 766,330 | 2.23% | $217.06 | $196.86 | $166,339,590 | $150,859,724 | -$15,479,866 | -9.31% |