Investor: Michael DeMichele & Farhad Nanji
Number of Assets: 10
Reporting Period: Q1 - 2025
Holdings at Report: $4,254,207,523
Return Since Report: +$918,498,799
Return Since Report: +21.59%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| CNX Resources Corp. (CNX) | Equity | -44.33% | 8,350,000 | 6.42% | $31.48 | $30.97 | $262,858,000 | $258,599,500 | -$4,258,500 | -1.62% |
| HCA Healthcare Inc. (HCA) | Equity | 0% | 973,898 | 8.21% | $345.55 | $333.65 | $336,530,454 | $324,941,068 | -$11,589,386 | -3.44% |
| Ivanhoe Electric Inc. (IE) | Equity | 0% | 2,553,191 | 0.36% | $5.81 | $11.55 | $14,834,040 | $29,489,356 | +$14,655,316 | +98.80% |
| Rxo Inc. (RXO) | Equity | 0% | 27,577,666 | 12.86% | $19.10 | $17.32 | $526,733,421 | $477,645,175 | -$49,088,246 | -9.32% |
| Talen Energy Corp. (TLN) | Equity | 0% | 3,000,000 | 14.62% | $199.67 | $346.71 | $599,010,000 | $1,040,130,000 | +$441,120,000 | +73.64% |
| XPO Inc. (XPO) | Equity | 0% | 11,425,369 | 30.00% | $107.58 | $136.50 | $1,229,141,197 | $1,559,505,742 | +$330,364,545 | +26.88% |
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 6,000,000 | 0.95% | $6.47 | $6.76 | $38,820,000 | $40,530,000 | +$1,710,000 | +4.40% |
| Pennymac Financial Services Inc. (PFSI) | Equity | 0% | 4,531,792 | 11.07% | $100.11 | $93.48 | $453,677,697 | $423,631,916 | -$30,045,781 | -6.62% |
| QXO Inc. (QXO) | Equity | 0% | 46,908,701 | 15.50% | $13.54 | $18.35 | $635,143,812 | $860,774,663 | +$225,630,851 | +35.52% |