The original corporate raider; positions are campaigns, not trades.
| # | Holding | Our call | % of book | Value | Shares | QoQ |
|---|---|---|---|---|---|---|
| 1 | IEP | Avoid | 48.5% | $4.15B | 549M | — |
| 2 | CVI | Sell | 28.0% | $2.40B | 71.2M | Added+1% |
| 3 | CVR Partners, LP | — | 6.2% | $527M | 4.16M | — |
| 4 | Centuri Holdings, Inc. | — | 4.9% | $419M | 14.3M | — |
| 5 | IFF | Hold | 3.6% | $310M | 4.28M | — |
| 6 | SATS | Hold | 1.9% | $164M | 1.40M | Trimmed-58% |
| 7 | AEP | Hold | 1.8% | $158M | 1.21M | — |
| 8 | JBLU | Avoid | 1.7% | $149M | 33.6M | — |
| 9 | MNRO | Hold | 1.0% | $81.5M | 5.08M | — |
| 10 | SD | Hold | 0.9% | $80.7M | 4.95M | — |
| 11 | CZR | Hold | 0.8% | $64.5M | 2.44M | — |
| 12 | BLCO | Hold | 0.7% | $55.6M | 3.50M | — |
Source: SEC Form 13F-HR. Positions are as-of quarter end (filed up to 45 days later) and cover US-listed equities only — shorts, non-US listings and most derivatives don’t appear. Values as reported by the filer. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.