Progeny 3, Inc. Diversified Active

CIK: 0001536006 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,857,865 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (5)

SOLS SOLSTICE ADVANCED MATLS INC 1.9%

Value ($000) $35,517 Shares 731,100 Est. Cost $47.08 Unrealized 0.0%

CRNX CRINETICS PHARMACEUTICALS IN 0.1%

Value ($000) $1,117 Shares 24,000 Est. Cost $44.52 Unrealized 0.0%

ASND ASCENDIS PHARMA A/S 0.1%

Value ($000) $1,115 Shares 5,230 Est. Cost $213.24 Unrealized —

PCVX VAXCYTE INC 0.1%

Value ($000) $1,075 Shares 23,300 Est. Cost $44.73 Unrealized 0.0%

QXO QXO INC 0.1%

Value ($000) $1,051 Shares 54,500 Est. Cost $19.16 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOLS	SOLSTICE ADVANCED MATLS INC	731,100	$35,517	1.9%	$47.08	0.0%	COM SHS	83443Q103
CRNX	CRINETICS PHARMACEUTICALS IN	24,000	$1,117	0.1%	$44.52	0.0%	COM	22663K107
ASND	ASCENDIS PHARMA A/S	5,230	$1,115	0.1%	$213.24	—	SPONSORED ADR	04351P101
PCVX	VAXCYTE INC	23,300	$1,075	0.1%	$44.73	0.0%	COM	92243G108
QXO	QXO INC	54,500	$1,051	0.1%	$19.16	0.0%	COM NEW	82846H405

Increased Positions (9)

EQT EQT CORP 2.8%

Value ($000) $52,088 (+36.7%) Shares 971,800 (+38.8%) Est. Cost $53.59 Unrealized +4.7%

GPGI COMPOSECURE INC 1.3%

Value ($000) $24,447 (+59.3%) Shares 1,268,000 (+72.0%) Est. Cost $14.37 Unrealized +38.9%

PAR PAR TECHNOLOGY CORP 4.0%

Value ($000) $74,603 (+8.8%) Shares 2,056,308 (+18.7%) Est. Cost $39.96 Unrealized -9.7%

GFL GFL ENVIRONMENTAL INC 4.7%

Value ($000) $87,704 (-5.3%) Shares 2,042,010 (+4.5%) Est. Cost $40.72 Unrealized +9.7%

ARCC ARES CAPITAL CORP 2.4%

Value ($000) $45,006 (+3.7%) Shares 2,224,728 (+4.7%) Est. Cost $14.85 Unrealized +33.3%

JKS JINKOSOLAR HLDG CO LTD 0.2%

Value ($000) $3,071 (+31.2%) Shares 119,000 (+22.2%) Est. Cost $24.35 Unrealized —

DQ DAQO NEW ENERGY CORP 0.2%

Value ($000) $3,050 (+28.8%) Shares 103,400 (+22.8%) Est. Cost $28.38 Unrealized —

ET ENERGY TRANSFER LP 2.6%

Value ($000) $47,417 (-1.3%) Shares 2,875,485 (+2.7%) Est. Cost $15.56 Unrealized —

PRCH PORCH GROUP INC 0.1%

Value ($000) $1,177 (-16.2%) Shares 128,910 (+54.0%) Est. Cost $6.68 Unrealized +80.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQT	EQT CORP	971,800 (+38.8%)	$52,088 (+36.7%)	2.8%	$53.59	+4.7%	COM	26884L109
GPGI	COMPOSECURE INC	1,268,000 (+72.0%)	$24,447 (+59.3%)	1.3%	$14.37	+38.9%	COM CL A	20459V105
PAR	PAR TECHNOLOGY CORP	2,056,308 (+18.7%)	$74,603 (+8.8%)	4.0%	$39.96	-9.7%	COM	698884103
GFL	GFL ENVIRONMENTAL INC	2,042,010 (+4.5%)	$87,704 (-5.3%)	4.7%	$40.72	+9.7%	SUB VTG SHS	36168Q104
ARCC	ARES CAPITAL CORP	2,224,728 (+4.7%)	$45,006 (+3.7%)	2.4%	$14.85	+33.3%	COM	04010L103
JKS	JINKOSOLAR HLDG CO LTD	119,000 (+22.2%)	$3,071 (+31.2%)	0.2%	$24.35	—	SPONSORED ADR	47759T100
DQ	DAQO NEW ENERGY CORP	103,400 (+22.8%)	$3,050 (+28.8%)	0.2%	$28.38	—	SPNSRD ADS NEW	23703Q203
ET	ENERGY TRANSFER LP	2,875,485 (+2.7%)	$47,417 (-1.3%)	2.6%	$15.56	—	COM UT LTD PTN	29273V100
PRCH	PORCH GROUP INC	128,910 (+54.0%)	$1,177 (-16.2%)	0.1%	$6.68	+80.3%	COM	733245104

Exited Positions (2)

CZR CAESARS ENTERTAINMENT INC NE 2.7%

Value ($000) $50,602 Shares 1,872,400 Est. Cost $34.85 Unrealized -35.5%

AGI ALAMOS GOLD INC NEW 1.5%

Value ($000) $28,363 Shares 813,625 Est. Cost $15.63 Unrealized +122.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CZR	CAESARS ENTERTAINMENT INC NE	1,872,400	$50,602	2.7%	$34.85	-35.5%	—	12769G100
AGI	ALAMOS GOLD INC NEW	813,625	$28,363	1.5%	$15.63	+122.9%	—	011532108

Decreased Positions (4)

BTU PEABODY ENGR CORP 0.1%

Value ($000) $2,648 (-89.0%) Shares 89,160 (-90.2%) Est. Cost $15.48 Unrealized +89.6%

CCJ CAMECO CORP 11.6%

Value ($000) $214,739 (+4.8%) Shares 2,347,131 (-3.9%) Est. Cost $16.83 Unrealized +434.3%

EPD ENTERPRISE PRODS PARTNERS L 3.0%

Value ($000) $56,019 (-5.5%) Shares 1,747,306 (-7.8%) Est. Cost $18.14 Unrealized —

MPLX MPLX LP 3.0%

Value ($000) $56,517 (+4.5%) Shares 1,058,959 (-2.2%) Est. Cost $33.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BTU	PEABODY ENGR CORP	89,160 (-90.2%)	$2,648 (-89.0%)	0.1%	$15.48	+89.6%	COM	704551100
CCJ	CAMECO CORP	2,347,131 (-3.9%)	$214,739 (+4.8%)	11.6%	$16.83	+434.3%	COM	13321L108
EPD	ENTERPRISE PRODS PARTNERS L	1,747,306 (-7.8%)	$56,019 (-5.5%)	3.0%	$18.14	—	COM	293792107
MPLX	MPLX LP	1,058,959 (-2.2%)	$56,517 (+4.5%)	3.0%	$33.32	—	COM UNIT REP LTD	55336V100

Unchanged Positions (19)

TIC TIC SOLUTIONS INC 8.3%

Value ($000) $153,986 Shares 15,231,090 Est. Cost $12.05 Unrealized -7.6%

APG API GROUP CORP 7.3%

Value ($000) $135,471 Shares 3,540,787 Est. Cost $22.93 Unrealized +61.2%

IBKR INTERACTIVE BROKERS GROUP IN 7.4%

Value ($000) $136,965 Shares 2,129,760 Est. Cost $46.34 Unrealized +44.3%

ARLP ALLIANCE RESOURCE PARTNERS L 4.1%

Value ($000) $76,256 Shares 3,282,671 Est. Cost $20.10 Unrealized —

TLN TALEN ENERGY CORP 1.7%

Value ($000) $32,424 Shares 86,500 Est. Cost $361.29 Unrealized +7.6%

DAKT DAKTRONICS INC 2.9%

Value ($000) $54,296 Shares 2,746,408 Est. Cost $11.36 Unrealized +68.4%

TSLX SIXTH STREET SPECIALTY LENDN 2.9%

Value ($000) $53,787 Shares 2,476,398 Est. Cost $19.49 Unrealized +11.9%

IVV ISHARES TR 5.1%

Value ($000) $95,254 Shares 139,069 Est. Cost $463.55 Unrealized —

SEI SOLARIS ENERGY INFRAS INC 0.8%

Value ($000) $14,816 Shares 322,300 Est. Cost $31.12 Unrealized +55.2%

VOO VANGUARD INDEX FDS 3.5%

Value ($000) $64,783 Shares 103,300 Est. Cost $328.30 Unrealized —

SSNC SS&C TECHNOLOGIES HLDGS INC 5.3%

Value ($000) $98,391 Shares 1,125,500 Est. Cost $63.87 Unrealized +33.5%

HCC WARRIOR MET COAL INC 0.3%

Value ($000) $4,782 Shares 54,235 Est. Cost $26.70 Unrealized +181.5%

MLM MARTIN MARIETTA MATLS INC 3.8%

Value ($000) $70,454 Shares 113,150 Est. Cost $512.50 Unrealized +21.2%

ABVX ABIVAX SA 0.1%

Value ($000) $1,651 Shares 12,240 Est. Cost $84.90 Unrealized —

PSMT PRICESMART INC 1.5%

Value ($000) $28,165 Shares 229,600 Est. Cost $109.77 Unrealized +10.7%

AEM AGNICO EAGLE MINES LTD 2.6%

Value ($000) $48,303 Shares 284,925 Est. Cost $64.00 Unrealized +162.3%

BXSL BLACKSTONE SECD LENDING FD 1.1%

Value ($000) $20,331 Shares 772,156 Est. Cost $27.52 Unrealized -5.2%

NRP NATURAL RESOURCE PARTNERS L 1.8%

Value ($000) $32,627 Shares 312,523 Est. Cost $106.82 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.4%

Value ($000) $26,761 Shares 53,239 Est. Cost $331.34 Unrealized +50.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TIC	TIC SOLUTIONS INC	15,231,090	$153,986	8.3%	$12.05	-7.6%	COM	00510N102
APG	API GROUP CORP	3,540,787	$135,471	7.3%	$22.93	+61.2%	COM STK	00187Y100
IBKR	INTERACTIVE BROKERS GROUP IN	2,129,760	$136,965	7.4%	$46.34	+44.3%	COM CL A	45841N107
ARLP	ALLIANCE RESOURCE PARTNERS L	3,282,671	$76,256	4.1%	$20.10	—	UT LTD PART	01877R108
TLN	TALEN ENERGY CORP	86,500	$32,424	1.7%	$361.29	+7.6%	COM	87422Q109
DAKT	DAKTRONICS INC	2,746,408	$54,296	2.9%	$11.36	+68.4%	COM	234264109
TSLX	SIXTH STREET SPECIALTY LENDN	2,476,398	$53,787	2.9%	$19.49	+11.9%	COM	83012A109
IVV	ISHARES TR	139,069	$95,254	5.1%	$463.55	—	CORE S&P500 ETF	464287200
SEI	SOLARIS ENERGY INFRAS INC	322,300	$14,816	0.8%	$31.12	+55.2%	COM CL A	83418M103
VOO	VANGUARD INDEX FDS	103,300	$64,783	3.5%	$328.30	—	S&P 500 ETF SHS	922908363
SSNC	SS&C TECHNOLOGIES HLDGS INC	1,125,500	$98,391	5.3%	$63.87	+33.5%	COM	78467J100
HCC	WARRIOR MET COAL INC	54,235	$4,782	0.3%	$26.70	+181.5%	COM	93627C101
MLM	MARTIN MARIETTA MATLS INC	113,150	$70,454	3.8%	$512.50	+21.2%	COM	573284106
ABVX	ABIVAX SA	12,240	$1,651	0.1%	$84.90	—	SPONSORED ADS	00370M103
PSMT	PRICESMART INC	229,600	$28,165	1.5%	$109.77	+10.7%	COM	741511109
AEM	AGNICO EAGLE MINES LTD	284,925	$48,303	2.6%	$64.00	+162.3%	COM	008474108
BXSL	BLACKSTONE SECD LENDING FD	772,156	$20,331	1.1%	$27.52	-5.2%	COMMON STOCK	09261X102
NRP	NATURAL RESOURCE PARTNERS L	312,523	$32,627	1.8%	$106.82	—	COM UNIT LTD PAR	63900P608
BRK/B	BERKSHIRE HATHAWAY INC DEL	53,239	$26,761	1.4%	$331.34	+50.2%	CL B NEW	084670702