Investor: Michael DeMichele & Farhad Nanji
Number of Assets: 10
Reporting Period: Q1 - 2026
Holdings at Report: $4,774,794,447
Return Since Report: +$192,765,556
Return Since Report: +4.04%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 6,000,000 | 0.72% | $5.40 | $5.42 | $32,400,000 | $32,520,000 | +$120,000 | +0.37% |
| Ivanhoe Electric Inc. (IE) | Equity | 0% | 2,553,191 | 0.67% | $11.82 | $12.77 | $30,178,718 | $32,604,249 | +$2,425,531 | +8.04% |
| Occidental Petroleum Corp. (OXY-WS) | Bond | +100% | 5,690,600 | N/A | $42.90 | N/A | $244,126,740 | N/A | N/A | N/A |
| Talen Energy Corp. (TLN) | Equity | 0% | 3,000,000 | 21.14% | $319.23 | $334.24 | $957,690,000 | $1,002,720,000 | +$45,030,000 | +4.70% |
| Pennymac Financial Services Inc. (PFSI) | Equity | 0% | 4,531,792 | 8.74% | $87.40 | $85.69 | $396,078,621 | $388,329,256 | -$7,749,365 | -1.96% |
| XPO Inc. (XPO) | Equity | 0% | 11,425,369 | 49.06% | $194.55 | $204.28 | $2,222,805,539 | $2,333,928,678 | +$111,123,139 | +5.00% |
| QXO Inc. (QXO) | Equity | -22.53% | 23,454,350 | 10.05% | $19.42 | $16.33 | $455,483,477 | $382,892,264 | -$72,591,213 | -15.94% |
| Rice Acquisition corp 3 | Warrant | +100% | 400,000 | N/A | $0.80 | N/A | $320,000 | N/A | N/A | N/A |
| Rice Acquisition corp 3 | Equity | +100% | 2,400,000 | 0.55% | $10.31 | N/A | $24,744,000 | N/A | N/A | N/A |
| Rxo Inc. (RXO) | Equity | +1.93% | 28,109,942 | 9.07% | $14.62 | $18.69 | $410,967,352 | $525,374,816 | +$114,407,464 | +27.84% |