High Ground Investment Management LLP Concentrated Active

CIK: 0001828180 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 23, 2026

Total Value ($000): $686,761 (100.0% shares, 0.0% debt)

Holdings (6)

Increased Positions (4)

AER AERCAP HOLDINGS NV 24.6%

Value ($000) $169,086 (+86.7%) Shares 1,176,170 (+57.1%) Est. Cost $122.37 Unrealized +8.2%

ELV ELEVANCE HEALTH INC 16.6%

Value ($000) $114,308 (+22.3%) Shares 326,081 (+12.7%) Est. Cost $400.58 Unrealized -15.9%

ACGL ARCH CAPITAL GROUP LTD 25.3%

Value ($000) $173,814 (+11.7%) Shares 1,812,072 (+5.7%) Est. Cost $92.25 Unrealized -0.8%

— REV GROUP INC 13.0%

Value ($000) $89,074 (+20.4%) Shares 1,464,784 (+12.2%) Est. Cost $35.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	1,176,170 (+57.1%)	$169,086 (+86.7%)	24.6%	$122.37	+8.2%	COM	N00985106
ELV	ELEVANCE HEALTH INC	326,081 (+12.7%)	$114,308 (+22.3%)	16.6%	$400.58	-15.9%	COM	036752103
ACGL	ARCH CAPITAL GROUP LTD	1,812,072 (+5.7%)	$173,814 (+11.7%)	25.3%	$92.25	-0.8%	COM	G0450A105
—	REV GROUP INC	1,464,784 (+12.2%)	$89,074 (+20.4%)	13.0%	$35.03	—	COM	749527107

Exited Positions (2)

AL AIR LEASE CORP 5.1%

Value ($000) $34,957 Shares 549,201 Est. Cost $59.40 Unrealized +7.2%

TMUS T-MOBILE US INC 0.9%

Value ($000) $6,263 Shares 26,164 Est. Cost $143.67 Unrealized +47.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AL	AIR LEASE CORP	549,201	$34,957	5.1%	$59.40	+7.2%	—	00912X302
TMUS	T-MOBILE US INC	26,164	$6,263	0.9%	$143.67	+47.1%	—	872590104

Decreased Positions (2)

HUM HUMANA INC 18.4%

Value ($000) $126,519 (-3.5%) Shares 493,963 (-2.0%) Est. Cost $353.37 Unrealized -26.0%

HCC WARRIOR MET COAL INC 2.0%

Value ($000) $13,961 (-12.9%) Shares 158,344 (-37.1%) Est. Cost $56.99 Unrealized +31.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HUM	HUMANA INC	493,963 (-2.0%)	$126,519 (-3.5%)	18.4%	$353.37	-26.0%	COM	444859102
HCC	WARRIOR MET COAL INC	158,344 (-37.1%)	$13,961 (-12.9%)	2.0%	$56.99	+31.9%	COM	93627C101