Investor: Michael DeMichele & Farhad Nanji
Number of Assets: 10
Reported Holdings: $4,254,207,523
Reporting Period: Q1 - 2025
Return Since Report: +$401,192,778
Return Since Report: +9.43%
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 | 6.18% | $31.48 | $31.90 | $262,858,000 | $266,365,000 | +$3,507,000 | +1.33% |
| HCA Healthcare Inc. (HCA) | Equity | 0% | 973,898 | 7.91% | $345.55 | $383.06 | $336,530,454 | $373,061,368 | +$36,530,914 | +10.86% |
| Ivanhoe Electric Inc. (IE) | Equity | 0% | 2,553,191 | 0.35% | $5.81 | $7.85 | $14,834,040 | $20,042,549 | +$5,208,509 | +35.11% |
| Rxo Inc. (RXO) | Equity | 0% | 27,577,666 | 12.38% | $19.10 | $15.89 | $526,733,421 | $438,209,113 | -$88,524,308 | -16.81% |
| Talen Energy Corp. (TLN) | Equity | 0% | 3,000,000 | 14.08% | $199.67 | $255.48 | $599,010,000 | $766,440,000 | +$167,430,000 | +27.95% |
| XPO Inc. (XPO) | Equity | 0% | 11,425,369 | 28.89% | $107.58 | $114.98 | $1,229,141,197 | $1,313,688,928 | +$84,547,731 | +6.88% |
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 6,000,000 | 0.91% | $6.47 | $4.58 | $38,820,000 | $27,480,000 | -$11,340,000 | -29.21% |
| Occidental Petroleum Corp. (OXY-WS) | Bond | 0% | 5,690,600 | 3.70% | $27.67 | N/A | $157,458,902 | N/A | N/A | N/A |
| Pennymac Financial Services Inc. (PFSI) | Equity | 0% | 4,531,792 | 10.66% | $100.11 | $95.30 | $453,677,697 | $431,879,778 | -$21,797,919 | -4.80% |
| QXO Inc. (QXO) | Equity | 0% | 46,908,701 | 14.93% | $13.54 | $18.35 | $635,143,812 | $860,774,663 | +$225,630,851 | +35.52% |