David Rolfe's focused-growth firm - a dozen or so high-return franchises, chronicled in blunt client letters.
| # | Holding | Our call | % of book | Value | Shares | QoQ |
|---|---|---|---|---|---|---|
| 1 | GOOGL | Buy | 9.2% | $44.8M | 156K | Trimmed-5% |
| 2 | TSM | — | 9.0% | $43.7M | 129K | Trimmed-30% |
| 3 | META | Buy | 7.8% | $37.6M | 65.8K | Trimmed-5% |
| 4 | AAPL | Hold | 7.1% | $34.3M | 135K | Trimmed-5% |
| 5 | MSI | Hold | 6.1% | $29.5M | 67.9K | Trimmed-5% |
| 6 | MSFT | Buy | 5.7% | $27.4M | 73.9K | Trimmed-5% |
| 7 | V | Hold | 5.2% | $25.1M | 83.0K | Trimmed-5% |
| 8 | BKNG | Buy | 4.8% | $23.2M | 5.52K | Trimmed-5% |
| 9 | ODFL | Hold | 4.6% | $22.3M | 114K | Trimmed-5% |
| 10 | AMZN | Buy | 4.3% | $20.8M | 99.9K | Added+71% |
| 11 | TSCO | Buy | 4.3% | $20.7M | 456K | Trimmed-5% |
| 12 | URI | Hold | 3.8% | $18.4M | 25.2K | Trimmed-5% |
| 13 | CB | Buy | 3.6% | $17.6M | 53.9K | Trimmed-5% |
| 14 | CDW | Buy | 3.6% | $17.5M | 145K | Trimmed-5% |
| 15 | PROGRESSIVE CORP | — | 3.4% | $16.5M | 83.4K | NEW |
| 16 | ORLY | Hold | 3.4% | $16.5M | 178K | Trimmed-5% |
| 17 | COPART INC | — | 3.2% | $15.4M | 463K | Trimmed-5% |
| 18 | SPGI | Buy | 2.8% | $13.8M | 32.4K | Trimmed-4% |
| 19 | EW | Hold | 2.8% | $13.7M | 171K | Trimmed-5% |
| 20 | ZTS | Buy | 2.8% | $13.4M | 114K | Added+8% |
| 21 | TOL | Buy | 2.5% | $12.0M | 88.3K | NEW |
| 22 | IWF | — | 0.0% | $223K | 524.00 | Trimmed-96% |
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for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security.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.