Investor: Michael Lowenstein
Number of Assets: 20
Reporting Period: Q1 - 2026
Holdings at Report: $4,897,537,475
Return Since Report: +$727,167,208
Return Since Report: +14.85%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Applovin Corp. (APP) | Equity | +5.32% | 3,284,250 | 26.69% | $398.00 | $501.00 | $1,307,131,500 | $1,645,409,250 | +$338,277,750 | +25.88% |
| Core Scientific Inc. (CORZ) | Equity | +100% | 2,348,200 | 0.72% | $14.96 | $24.21 | $35,129,072 | $56,849,922 | +$21,720,850 | +61.83% |
| Howmet Aerospace Inc. (HWM) | Equity | -3.44% | 5,083,600 | 23.92% | $230.46 | $260.26 | $1,171,566,456 | $1,323,057,736 | +$151,491,280 | +12.93% |
| Microsoft Corp. (MSFT) | Equity | +19.14% | 403,400 | 3.05% | $370.17 | $421.92 | $149,326,578 | $170,202,528 | +$20,875,950 | +13.98% |
| Alphabet Inc. (GOOGL) | Equity | +8.01% | 1,509,500 | 8.86% | $287.56 | $396.78 | $434,071,820 | $598,939,410 | +$164,867,590 | +37.98% |
| Booking Holdings Inc. (BKNG) | Equity | +100% | 19,560 | 1.68% | $4,210.32 | $154.13 | $82,353,859 | $3,014,783 | -$79,339,076 | -96.34% |
| Fair Isaac Corp. (FICO) | Equity | +25.95% | 385,000 | 8.39% | $1,067.54 | $1,098.59 | $411,002,900 | $422,957,150 | +$11,954,250 | +2.91% |
| Intel Corp. (INTC) | Equity | +100% | 485,000 | 0.44% | $44.13 | $108.77 | $21,403,050 | $52,753,450 | +$31,350,400 | +146.48% |
| Morningstar Inc. (MORN) | Equity | +100% | 135,000 | 0.47% | $169.05 | $170.04 | $22,821,750 | $22,955,400 | +$133,650 | +0.59% |
| Amazon.com Inc. (AMZN) | Equity | +4.29% | 1,072,100 | 4.56% | $208.27 | $264.14 | $223,286,267 | $283,184,494 | +$59,898,227 | +26.83% |
| Cheniere Energy Inc. (LNG) | Equity | 0% | 424,900 | 2.46% | $283.76 | $241.84 | $120,569,624 | $102,757,816 | -$17,811,808 | -14.77% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -2.18% | 322,500 | 2.00% | $304.08 | $316.13 | $98,065,800 | $101,950,313 | +$3,884,513 | +3.96% |
| Intercontinental Exchange Inc. (ICE) | Equity | -2.16% | 716,600 | 2.30% | $157.28 | $154.36 | $112,706,848 | $110,614,376 | -$2,092,472 | -1.86% |
| The Progressive Corp. (PGR) | Equity | 0% | 498,500 | 2.02% | $198.24 | $199.73 | $98,822,640 | $99,565,405 | +$742,765 | +0.75% |
| Tradeweb Markets Inc. (TW) | Equity | +38.42% | 1,007,800 | 2.42% | $117.66 | $110.94 | $118,577,748 | $111,805,332 | -$6,772,416 | -5.71% |
| Net Power Inc. (NPWR-WS) | Bond | +100% | 455,200 | N/A | $0.27 | N/A | $122,904 | N/A | N/A | N/A |
| Sea Limited (SE) | Equity | -59.15% | 768,100 | 1.30% | $82.81 | $88.23 | $63,606,361 | $67,769,463 | +$4,163,102 | +6.55% |
| Visa Inc. (V) | Equity | +22.59% | 949,100 | 5.86% | $302.24 | $325.75 | $286,855,984 | $309,169,325 | +$22,313,341 | +7.78% |
| S&P Global Inc. (SPGI) | Equity | +139.96% | 113,500 | 0.99% | $425.34 | $403.09 | $48,276,090 | $45,750,715 | -$2,525,375 | -5.23% |
| Uber Technologies Inc. (UBER) | Equity | +100% | 1,276,800 | 1.88% | $71.93 | $75.09 | $91,840,224 | $95,874,912 | +$4,034,688 | +4.39% |