Net position changes between two of this fund's N-PORT
snapshots. These are differences between point-in-time reports — not a
trade log — and share counts can be affected by splits and other corporate
actions.
Dec 31, 2025 → Mar 31, 2026
Expand a category to
see the positions behind it, ranked by weight.
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
STONEX REPO
0
22,510,000
22,510,000
7.75%
$22.51M
Nomura Repo
0
10,468,000
10,468,000
3.60%
$10.47M
BREAN REPO
0
5,234,000
5,234,000
1.80%
$5.23M
RENAISSANCERE
0
10,600
10,600
1.08%
$3.15M
PMT LOAN TRUST PMTLT 2025 J3 A3 144A
0
1,260,596
1,260,596
0.43%
$1.24M
CHASE 2024-RPL2 A1B 144A FRN 08-25-64
0
861,818
861,818
0.26%
$768.80K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
STONEX REPO REPO - 02Jan26
19,744,000
0
-19,744,000
0.00%
-$19.74M
Nomura Repo REPO - 02Jan26
7,176,000
0
-7,176,000
0.00%
-$7.18M
BREAN REPO REPO - 02Jan26
3,588,000
0
-3,588,000
0.00%
-$3.59M
Goldman Sachs Group, Inc. (The)
3,500,000
0
-3,500,000
0.00%
-$3.50M
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
SOLVENTUM CORP
113,020
122,050
9,030
2.74%
-$985.84K
THE CIGNA GROUP
21,960
29,690
7,730
2.73%
$1.88M
JBS NV COMMON STOCK EUR.01
212,030
416,400
204,370
2.58%
$4.42M
FEDERAL HOME LN MTG CORP 06/55 5.75
4,136,111
4,195,853
59,742
1.44%
$12.56K
BREAN ASSET BACKED SECURITIES BABS 2022 RM3 A 144A
866,366
870,162
3,796
0.29%
$3.96K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
VIATRIS INC
1,104,050
1,056,360
-47,690
4.91%
$526.00K
CAPITAL ONE FINANCIAL CORP
83,109
76,518
-6,591
4.81%
-$6.18M
APPLIED MATERIALS INC
62,646
38,949
-23,697
4.58%
-$2.79M
ALPHABET INC CL C
30,614
26,492
-4,122
2.62%
-$2.01M
JULIUS BAER GROUP LTD COMMON STOCK CHF.02
73,930
55,650
-18,280
1.41%
-$1.68M
JPMORGAN CHASE and CO
13,744
13,648
-96
1.38%
-$413.90K
WELLS FARGO & CO
53,478
37,898
-15,580
1.04%
-$1.97M
DBS GROUP HOLDINGS LTD COMMON STOCK
98,317
65,317
-33,000
1.00%
-$1.40M
FNMA POOL BM7528 FN 07/54 FLOATING VAR
2,887,468
2,876,185
-11,282
0.98%
$5.86K
META PLATFORMS INC CL A
6,559
4,330
-2,229
0.85%
-$1.85M
Small Business Administration Pools
2,430,355
2,302,460
-127,895
0.79%
-$132.68K
DANSKE BANK A/S COMMON STOCK DKK10.0
102,710
44,690
-58,020
0.76%
-$2.93M
FNMA POOL BM7752 FN 06/55 FLOATING VAR
1,856,520
1,681,117
-175,403
0.59%
-$189.80K
GOVERNMENT NATIONAL MORTGAGE A GNR 2023 147 DV
1,695,316
1,657,549
-37,766
0.57%
-$40.91K
FNMA POOL BM7225 FN 05/53 FLOATING VAR
1,631,420
1,510,537
-120,882
0.52%
-$133.43K
Brean Asset-Backed Securities Trust, Series 2021-RM1, Class A
1,611,109
1,502,080
-109,029
0.49%
-$99.65K
GNMA II POOL 786935 G2 08/73 VARIABLE
1,469,319
1,455,262
-14,057
0.49%
-$14.77K
FNMA POOL BM7583 FN 11/54 FLOATING VAR
1,574,409
1,356,464
-217,945
0.48%
-$236.53K
FANNIE MAE REMICS FNR 2024 90 B
1,442,799
1,237,638
-205,161
0.43%
-$205.50K
Brean Asset Backed Securities Trust 2021-RM2
1,237,666
1,210,166
-27,500
0.41%
-$19.20K
FREDDIE MAC FHR 5386 EA
1,482,038
1,141,933
-340,105
0.39%
-$340.58K
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-H16 CL FN V/R 5.36411000
1,080,748
1,065,840
-14,907
0.37%
-$16.68K
Government National Mortgage Association
969,799
883,372
-86,427
0.32%
-$84.42K
GNMA II POOL 787068
922,431
876,926
-45,505
0.29%
-$49.40K
SBA POOL 530303 SBA 01/33 FLOATING VAR
893,245
830,879
-62,367
0.29%
-$64.32K
MONTANA HIGHER EDUCATION STUDE MHESA 2012 1 A3
843,464
804,900
-38,564
0.28%
-$34.69K
FED HM LN PC POOL G60660
589,797
510,170
-79,628
0.18%
-$92.10K
GOVERNMENT NATIONAL MORTGAGE A GNR 2022 207 BT
507,971
448,757
-59,214
0.16%
-$66.74K
GOVERNMENT NATIONAL MORTGAGE A GNR 2023 111 GA
567,600
403,746
-163,853
0.14%
-$164.29K
GOVERNMENT NATIONAL MORTGAGE GNR 2023 136 EA
431,723
399,567
-32,156
0.14%
-$32.80K
FNMA POOL AL8809
404,798
389,582
-15,216
0.13%
-$19.76K
SBA POOL 530285 SBA 01/33 FLOATING VAR
268,853
213,515
-55,338
0.07%
-$55.29K
FREDDIE MAC FHR 5028 BD
212,253
198,190
-14,063
0.07%
-$13.92K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
BERKSHIRE HATH-B
35,796
35,796
0
5.91%
-$839.42K
QUEST DIAGNOSTICS INC
74,140
74,140
0
5.00%
$1.66M
CVS HEALTH CORP
180,220
180,220
0
4.46%
-$1.36M
COTERRA ENERGY INC
363,660
363,660
0
4.40%
$3.21M
AMAZON.COM INC
44,080
44,080
0
3.16%
-$994.00K
CHUBB LTD
22,955
22,955
0
2.58%
$317.01K
BANK OF NEW YORK MELLON CORP
49,500
49,500
0
2.02%
$125.73K
TEXAS INSTRUMENTS INC
26,473
26,473
0
1.77%
$546.67K
MARKEL GROUP INC
2,640
2,640
0
1.74%
-$621.93K
Vale S.A. SPONS ADS REPR 1 COM NPV
296,950
296,950
0
1.63%
$855.22K
TOURMALINE OIL CORP COMMON STOCK
98,280
98,280
0
1.62%
$295.16K
AGCO CORP
36,040
36,040
0
1.44%
$416.26K
OWENS CORNING INC
37,600
37,600
0
1.40%
-$138.74K
JOHNSON CONTROLS
25,567
25,567
0
1.15%
$286.35K
AUMOVIO SE COMMON STOCK
83,600
83,600
0
1.13%
-$923.86K
AIA GROUP LTD COMMON STOCK
284,360
284,360
0
1.09%
$232.67K
MICROSOFT CORP
5,751
5,751
0
0.73%
-$652.45K
UNITEDHEALTH GRP
6,960
6,960
0
0.65%
-$414.26K
UPJOHN INC
1,925,000
1,925,000
0
0.60%
-$15.67K
US BANCORP DEL
32,635
32,635
0
0.58%
-$44.06K
AMERICAN EAGLE NORTHWEST LLC W AMEHSG 12/28 FIXED 5.48