Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CACC | Sell | CREDIT ACCEP CORP MICH | $60,856,852 | -22.5% | 132,263 | -14.4% | 37.75% | -3.5% |
| CHTR | Sell | CHARTER COMMUNICATIONS INC Ncl a | $40,125,658 | -9.6% | 91,232 | -24.5% | 24.89% | +12.5% |
| AER | Sell | AERCAP HOLDINGS NV | $17,552,488 | -16.2% | 280,078 | -15.1% | 10.89% | +4.3% |
| KKR | Sell | KKR & CO INC | $15,601,986 | -34.6% | 253,279 | -40.6% | 9.68% | -18.6% |
| ADS | Sell | BREAD FINANCIAL HOLDINGS INC | $13,921,794 | -19.5% | 407,070 | -26.1% | 8.64% | +0.3% |
| TMUS | Sell | T-MOBILE US INC | $13,149,435 | -16.3% | 93,891 | -17.0% | 8.16% | +4.2% |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CACC | New | CREDIT ACCEP CORP MICH | $78,493,978 | – | 154,537 | – | 39.11% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC Ncl a | $44,405,481 | – | 120,874 | – | 22.12% | – |
| KKR | New | KKR & CO INC | $23,867,368 | – | 426,203 | – | 11.89% | – |
| AER | New | AERCAP HOLDINGS NV | $20,954,867 | – | 329,894 | – | 10.44% | – |
| ADS | New | BREAD FINANCIAL HOLDINGS INC | $17,286,599 | – | 550,704 | – | 8.61% | – |
| TMUS | New | T-MOBILE US INC | $15,712,368 | – | 113,120 | – | 7.83% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WRLD | Exit | World Accep Corporation | $0 | – | -206,260 | – | -9.22% | – |
| ADS | Exit | Bread Financial Holdings Inc | $0 | – | -663,704 | – | -9.64% | – |
| AER | Exit | AerCap Holdings NV | $0 | – | -561,525 | – | -10.98% | – |
| DG | Exit | Dollar Gen Corp New | $0 | – | -101,500 | – | -11.25% | – |
| TMUS | Exit | T-Mobile US Inc | $0 | – | -193,450 | – | -11.99% | – |
| CHTR | Exit | Charter Communications Inc Ncl a | $0 | – | -99,524 | – | -13.95% | – |
| CACC | Exit | Credit Accep Corp Mich | $0 | – | -162,960 | – | -32.97% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CHTR | Sell | Charter Communications Inc Ncl a | $30,191,000 | -44.7% | 99,524 | -14.6% | 13.95% | -37.5% |
| ADS | Buy | Bread Financial Holdings Inc | $20,873,000 | +30.8% | 663,704 | +54.1% | 9.64% | +47.9% |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CACC | New | CREDIT ACCEP CORP MICH | $77,147,000 | – | 162,960 | – | 31.52% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC Ncl a | $54,595,000 | – | 116,524 | – | 22.30% | – |
| TMUS | New | T-MOBILE US INC | $26,027,000 | – | 193,450 | – | 10.63% | – |
| DG | New | DOLLAR GEN CORP NEW | $24,912,000 | – | 101,500 | – | 10.18% | – |
| WRLD | New | WORLD ACCEP CORPORATION | $23,151,000 | – | 206,260 | – | 9.46% | – |
| AER | New | AERCAP HOLDINGS NV | $22,989,000 | – | 561,525 | – | 9.39% | – |
| ADS | New | BREAD FINANCIAL HOLDINGS INC | $15,958,000 | – | 430,594 | – | 6.52% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TMUS | Exit | T-Mobile US Inc | $0 | – | -219,000 | – | -8.25% | – |
| WRLD | Exit | World Accep Corporation | $0 | – | -184,796 | – | -10.33% | – |
| ADS | Exit | Alliance Data Systems Corp | $0 | – | -363,223 | – | -10.80% | – |
| SPG | Exit | Simon PPTY Group Inc NEW | $0 | – | -283,092 | – | -10.85% | – |
| CHTR | Exit | Charter Communications Inc Ncl a | $0 | – | -66,324 | – | -14.22% | – |
| AER | Exit | AerCap Holdings NV | $0 | – | -1,004,650 | – | -17.12% | – |
| CACC | Exit | Credit Accep Corp Mich | $0 | – | -164,768 | – | -28.43% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CACC | Sell | Credit Accep Corp Mich | $96,439,000 | -7.1% | 164,768 | -27.9% | 28.43% | +8.2% |
| AER | Sell | AerCap Holdings NV | $58,079,000 | +7.4% | 1,004,650 | -4.8% | 17.12% | +25.2% |
| CHTR | Sell | Charter Communications Inc Ncl a | $48,255,000 | -24.0% | 66,324 | -24.7% | 14.22% | -11.5% |
| SPG | Sell | Simon PPTY Group Inc NEW | $36,793,000 | -29.1% | 283,092 | -28.8% | 10.85% | -17.3% |
| ADS | Sell | Alliance Data Systems Corp | $36,646,000 | -11.3% | 363,223 | -8.4% | 10.80% | +3.4% |
| WRLD | Sell | World Accep Corporation | $35,034,000 | +6.8% | 184,796 | -9.8% | 10.33% | +24.4% |
| TMUS | New | T-Mobile US Inc | $27,979,000 | – | 219,000 | – | 8.25% | – |
| KKR | Exit | KKR & CO INC | $0 | – | -808,584 | – | -12.12% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CACC | New | CREDIT ACCEP CORP MICH | $103,826,000 | – | 228,636 | – | 26.27% | – |
| CHTR | New | CHARTER COMMUNICATIONS INC Ncl a | $63,505,000 | – | 88,024 | – | 16.07% | – |
| AER | New | AERCAP HOLDINGS NV | $54,059,000 | – | 1,055,639 | – | 13.68% | – |
| SPG | New | SIMON PPTY GROUP INC NEW | $51,860,000 | – | 397,457 | – | 13.12% | – |
| KKR | New | KKR & CO INC | $47,901,000 | – | 808,584 | – | 12.12% | – |
| ADS | New | ALLIANCE DATA SYSTEMS CORP | $41,300,000 | – | 396,392 | – | 10.45% | – |
| WRLD | New | WORLD ACCEP CORPORATION | $32,815,000 | – | 204,788 | – | 8.30% | – |