Packer & Co Ltd Long-Term Concentrated

CIK: 0001664017 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 20, 2026

Total Value ($000): $376 (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (3)

PBR/A PETROLEO BRASIL-SP PREF ADR 11.8%

Value ($000) $45 Shares 3,948,602 Est. Cost $0.01 Unrealized —

VIPS VIPSHOP HOLDINGS LTD - ADR 7.3%

Value ($000) $27 Shares 1,549,263 Est. Cost $0.02 Unrealized —

PYPL PAYPAL HOLDINGS INC 3.6%

Value ($000) $13 Shares 230,000 Est. Cost $64.84 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PBR/A	PETROLEO BRASIL-SP PREF ADR	3,948,602	$45	11.8%	$0.01	—	COM	71654V101
VIPS	VIPSHOP HOLDINGS LTD - ADR	1,549,263	$27	7.3%	$0.02	—	COM	92763W103
PYPL	PAYPAL HOLDINGS INC	230,000	$13	3.6%	$64.84	0.0%	COM	70450Y103

Decreased Positions (4)

NE NOBLE CORP PLC 2.4%

Value ($000) $9 (-83.7%) Shares 323,000 (-92.4%) Est. Cost $27.77 Unrealized +5.3%

VAL VALARIS LTD 2.7%

Value ($000) $10 (-66.4%) Shares 203,000 (-86.9%) Est. Cost $48.69 Unrealized +10.2%

SDRL SEADRILL LIMITED 2.3%

Value ($000) $9 (-50.8%) Shares 247,080 (-45.1%) Est. Cost $35.02 Unrealized -11.1%

IAU ISHARES GOLD TRUST 39.6%

Value ($000) $149 (-5.1%) Shares 1,830,100 (-14.9%) Est. Cost $33.41 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NE	NOBLE CORP PLC	323,000 (-92.4%)	$9 (-83.7%)	2.4%	$27.77	+5.3%	COM	G65431127
VAL	VALARIS LTD	203,000 (-86.9%)	$10 (-66.4%)	2.7%	$48.69	+10.2%	COM	G9460G101
SDRL	SEADRILL LIMITED	247,080 (-45.1%)	$9 (-50.8%)	2.3%	$35.02	-11.1%	COM	G7997W102
IAU	ISHARES GOLD TRUST	1,830,100 (-14.9%)	$149 (-5.1%)	39.6%	$33.41	—	COM	464285204

Unchanged Positions (3)

CNC CENTENE CORP 15.5%

Value ($000) $58 Shares 1,415,000 Est. Cost $30.20 Unrealized +23.9%

AQN ALGONQUIN POWER & UTILITIES 7.4%

Value ($000) $28 Shares 4,513,113 Est. Cost $4.61 Unrealized +28.9%

NXE NEXGEN ENERGY LTD 7.4%

Value ($000) $28 Shares 3,024,793 Est. Cost $5.91 Unrealized +49.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNC	CENTENE CORP	1,415,000	$58	15.5%	$30.20	+23.9%	COM	15135B101
AQN	ALGONQUIN POWER & UTILITIES	4,513,113	$28	7.4%	$4.61	+28.9%	COM	015857105
NXE	NEXGEN ENERGY LTD	3,024,793	$28	7.4%	$5.91	+49.4%	COM	65340P106