Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
16
Top-10 weight
84.41%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
10
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
609.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ARCH CAPITAL GROUP LTD | — | 5,991,000 | $575.08M | 22.01% |
| 2 | MSCI INC | — | 893,400 | $481.55M | 18.43% |
| 3 | KINSALE CAPITAL GROUP INC | — | 863,900 | $295.16M | 11.29% |
| 4 | CHOICE HOTELS INTL INC | — | 2,750,000 | $284.62M | 10.89% |
| 5 | FIGS INC-CLASS A | — | 12,368,569 | $182.68M | 6.99% |
| 6 | GARTNER INC | — | 1,060,000 | $167.84M | 6.42% |
| 7 | FACTSET RESEARCH SYSTEMS INC | — | 675,000 | $146.47M | 5.60% |
| 8 | PRIMERICA INC | — | 576,000 | $144.28M | 5.52% |
| 9 | RED ROCK RESORTS INC | — | 2,347,802 | $125.28M | 4.79% |
| 10 | IDEXX LABS INC | — | 200,000 | $112.38M | 4.30% |
| 11 | GUIDEWIRE SOFTWARE INC | — | 750,000 | $112.17M | 4.29% |
| 12 | COSTAR GROUP INC | — | 2,650,000 | $106.90M | 4.09% |
| 13 | VAIL RESORTS INC | — | 755,000 | $96.88M | 3.71% |
| 14 | MORNINGSTAR INC | — | 535,000 | $90.44M | 3.46% |
| 15 | HOULIHAN LOKEY I | — | 400,000 | $57.45M | 2.20% |
| 16 | FARMERS BUSINESS NETWORK COMMO | — | 422,278 | $785.44K | 0.03% |
| 17 | NORTHVOLT AB RESTRICTED | — | 59,407,006 | $0 | 0.00% |
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