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Q4 2025 13F-HR Holdings

Location
Berlin, 2M
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
294
Total value ($000)
$183,902
Net value change ($000)
+27,168 (17.3%)
New positions
46
Sold out positions
26
Turnover %
16.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/7/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MTB 1,127 NEW
LMT 1,031 NEW
HCA 1,021 429.0%
CMCSA 948 116.2%
GILD 891 160.3%
ALL 731 114.0%
MRK 702 72.4%
FCX 675 335.8%
GPOR 625 NEW
ROST 623 NEW
Top Reduces (Value $000, Stocks/ETFs)
TD -2,598 -100.0%
EA -677 -60.3%
MTN -674 -100.0%
AMZN -624 -100.0%
JPM -611 -100.0%
VZ -598 -100.0%
CLX -524 -55.7%
HOLX -459 -100.0%
JNJ -415 -42.0%
EMA -398 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type