Investor: Jeffrey Smith
Number of Assets: 22
Reporting Period: Q4 - 2025
Holdings at Report: $5,279,507,877
Return Since Report: -$426,352,446
Return Since Report: -8.08%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Acacia Research Corp. (ACTG) | Equity | 0% | 61,123,595 | 4.33% | $3.74 | $3.65 | $228,602,245 | $223,039,998 | -$5,562,247 | -2.43% |
| Algonquin Power & Utilities Corp. (AQN) | Equity | 0% | 63,489,420 | 7.40% | $6.15 | $6.14 | $390,459,933 | $389,507,592 | -$952,341 | -0.24% |
| Autodesk Inc. (ADSK) | Equity | -23.71% | 1,001,733 | 5.62% | $296.01 | $239.40 | $296,522,985 | $239,814,880 | -$56,708,105 | -19.12% |
| Becton Dickinson And Company (BDX) | Equity | -23.02% | 929,917 | 3.42% | $194.07 | $157.00 | $180,468,992 | $145,996,969 | -$34,472,023 | -19.10% |
| Bill Holdings Inc. (BILL) | Equity | 0% | 7,024,848 | 7.26% | $54.54 | $38.19 | $383,135,210 | $268,278,945 | -$114,856,265 | -29.98% |
| Bitcoin Infrastructure Acqui | Equity | +100% | 300,000 | 0.06% | $9.96 | N/A | $2,988,000 | N/A | N/A | N/A |
| Bloomin' Brands Inc. (BLMN) | Equity | 0% | 7,980,992 | 0.93% | $6.17 | $5.40 | $49,242,721 | $43,097,357 | -$6,145,364 | -12.48% |
| Clearwater Analytics Holdings Inc. (CWAN) | Equity | +100% | 9,959,031 | 4.55% | $24.12 | $23.67 | $240,211,828 | $235,730,264 | -$4,481,564 | -1.87% |
| Fluor Corp. (FLR) | Equity | +100% | 5,191,327 | 3.90% | $39.63 | $46.61 | $205,732,289 | $241,941,795 | +$36,209,506 | +17.60% |
| Gen Digital Inc. (GEN) | Equity | -13.03% | 10,585,592 | 5.45% | $27.19 | $18.83 | $287,822,246 | $199,326,697 | -$88,495,549 | -30.75% |
| Healthcare Realty Trust Inc. (HR) | Equity | -13.04% | 12,600,000 | 4.05% | $16.95 | $16.95 | $213,570,000 | $213,507,000 | -$63,000 | -0.03% |
| Ishares Core S&P Mid-Cap ETF (IJH) | Equity | 0% | 5,250,656 | 6.56% | $66.00 | $67.53 | $346,543,296 | $354,576,800 | +$8,033,504 | +2.32% |
| Ishares Russell 2000 ETF (IWM) | Equity | 0% | 137,000 | 0.64% | $246.16 | $248.10 | $33,723,920 | $33,989,700 | +$265,780 | +0.79% |
| Kenvue Inc. (KVUE) | Equity | +30.47% | 27,307,632 | 8.92% | $17.25 | $17.24 | $471,056,652 | $470,647,038 | -$409,614 | -0.09% |
| Match Group Inc. (MTCH) | Equity | +2.94% | 11,395,379 | 6.97% | $32.29 | $32.23 | $367,956,788 | $367,273,065 | -$683,723 | -0.19% |
| News Corp. (NWS) | Equity | -26.22% | 4,439,081 | 2.49% | $29.63 | $29.48 | $131,529,970 | $130,864,108 | -$665,862 | -0.51% |
| News Corp. (NWSA) | Equity | -7.62% | 5,895,487 | 2.92% | $26.12 | $24.96 | $153,990,120 | $147,121,878 | -$6,868,242 | -4.46% |
| Qorvo Inc. (QRVO) | Equity | 0% | 7,510,871 | 12.02% | $84.51 | $77.31 | $634,743,708 | $580,627,883 | -$54,115,825 | -8.53% |
| Riot Platforms Inc. (RIOT) | Equity | +44.53% | 12,744,576 | 3.06% | $12.67 | $12.37 | $161,473,778 | $157,586,682 | -$3,887,096 | -2.41% |
| Rogers Corp. (ROG) | Equity | -28.22% | 1,203,457 | 2.09% | $91.57 | $107.32 | $110,200,557 | $129,155,005 | +$18,954,448 | +17.20% |
| Salesforce Inc. (CRM) | Equity | -24.30% | 940,325 | 4.72% | $264.91 | $186.39 | $249,101,496 | $175,268,117 | -$73,833,379 | -29.64% |
| Tripadvisor Inc. (TRIP) | Equity | +1.41% | 9,644,996 | 2.66% | $14.56 | $10.66 | $140,431,142 | $102,815,657 | -$37,615,485 | -26.79% |