Location: Greenwich, CT
CIK: 0001050417 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 13, 2025
Total Value: $396M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| HSBC | HSBC HLDGS PLC | 1,265,656 | $89.84M | 22.7% | — | — | SPON ADR NEW | 404280406 |
| GGB | GERDAU SA | 19,069,112 | $59.11M | 14.9% | — | — | SPON ADR REP PFD | 373737105 |
| BUR | BURFORD CAP LTD | 4,044,998 | $48.38M | 12.2% | — | — | ORD SHS | G17977110 |
| VALE | VALE S A | 3,551,171 | $38.57M | 9.7% | — | — | SPONSORED ADS | 91912E105 |
| TX | TERNIUM SA | 992,413 | $34.47M | 8.7% | — | — | SPONSORED ADS | 880890108 |
| BABA | ALIBABA GROUP HLDG LTD | 143,760 | $25.69M | 6.5% | — | — | SPONSORED ADS | 01609W102 |
| CNR | CORE NATURAL RESOURCES INC | 219,243 | $18.3M | 4.6% | — | — | COM SHS | 218937100 |
| — | LITHIUM ARGENTINA AG | 16,000,000 | $14.28M | 3.6% | — | — | NOTE 1.750% 1/1 | 53680QAA6 |
| BIDU | BAIDU INC | 102,139 | $13.46M | 3.4% | — | — | SPON ADR REP A | 056752108 |
| ASTL | ALGOMA STL GROUP INC | 2,037,686 | $7.244M | 1.8% | — | — | COM | 015658107 |
| EEX | EMERALD HOLDING INC | 879,000 | $4.474M | 1.1% | — | — | COM | 29103W104 |
| CCO | CLEAR CHANNEL OUTDOOR HLDGS | 2,521,871 | $3.985M | 1.0% | — | — | COM | 18453H106 |
| CZR | CAESARS ENTERTAINMENT INC NE | 145,500 | $3.932M | 1.0% | — | — | COM | 12769G100 |
| M | MACYS INC | 200,000 | $3.586M | 0.9% | — | — | COM | 55616P104 |
| NCMI | NATIONAL CINEMEDIA INC | 739,899 | $3.337M | 0.8% | — | — | COM NEW | 635309206 |
| PCG | PG&E CORP | 200,000 | $3.016M | 0.8% | — | — | COM | 69331C108 |
| UNIT | UNITI GROUP LLC | 454,810 | $2.783M | 0.7% | — | — | COM SHS | 912932100 |
| BV | BRIGHTVIEW HLDGS INC | 197,000 | $2.64M | 0.7% | — | — | COM | 10948C107 |
| ADV | ADVANTAGE SOLUTIONS INC | 1,700,000 | $2.601M | 0.7% | — | — | COM CL A | 00791N102 |
| CNTY | CENTURY CASINOS INC | 889,144 | $2.321M | 0.6% | — | — | COM | 156492100 |
| PBI | PITNEY BOWES INC | 159,000 | $1.814M | 0.5% | — | — | COM | 724479100 |
| NE | NOBLE CORP PLC | 60,000 | $1.697M | 0.4% | — | — | ORD SHS A | G65431127 |
| VAL | VALARIS LTD | 31,434 | $1.533M | 0.4% | — | — | CL A | G9460G101 |
| CLF | CLEVELAND-CLIFFS INC NEW | 115,000 | $1.403M | 0.4% | — | — | COM | 185899101 |
| VNOM | VIPER ENERGY INC | 32,114 | $1.227M | 0.3% | — | — | CL A | 64361Q101 |
| NATL | NCR ATLEOS CORPORATION | 28,500 | $1.12M | 0.3% | — | — | COM SHS | 63001N106 |
| PRKS | UNITED PARKS & RESORTS INC | 21,500 | $1.112M | 0.3% | — | — | COM | 81282V100 |
| WW | WW INTL INC | 28,091 | $769K | 0.2% | — | — | COM NEW | 98262P200 |
| VYX | NCR VOYIX CORPORATION | 48,000 | $602K | 0.2% | — | — | COM | 62886E108 |
| UNFI | UNITED NAT FOODS INC | 14,500 | $545K | 0.1% | — | — | COM | 911163103 |
| SKIL | SKILLSOFT CORP | 41,500 | $540K | 0.1% | — | — | CL A | 83066P309 |
| MBC | MASTERBRAND INC | 33,000 | $435K | 0.1% | — | — | COMMON STOCK | 57638P104 |
| SABR | SABRE CORP | 225,000 | $412K | 0.1% | — | — | COM | 78573M104 |
| AMBP | ARDAGH METAL PACKAGING S A | 95,000 | $379K | 0.1% | — | — | SHS | L02235106 |
| MAT | MATTEL INC | 22,000 | $370K | 0.1% | — | — | COM | 577081102 |
| HSIC | HENRY SCHEIN INC | 5,000 | $332K | 0.1% | — | — | COM | 806407102 |