Share Andrew L. Long-Term Concentrated

CIK: 0001693672 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $197,991 (100.0% shares, 0.0% debt)

Holdings (18)

New Positions (2)

SEGXX UBS Select Govt Instl Fd 32.3%

Value ($000) $63,860 Shares 63,859,868 Est. Cost $1.00 Unrealized —

QDEC CBOE Vest NASDAQ 100 Buffer ETF December 0.1%

Value ($000) $205 Shares 6,300 Est. Cost $32.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEGXX	UBS Select Govt Instl Fd	63,859,868	$63,860	32.3%	$1.00	—	Com	90262Y760
QDEC	CBOE Vest NASDAQ 100 Buffer ETF December	6,300	$205	0.1%	$32.53	—	Com	33740F649

Decreased Positions (6)

NPWR Net Power Inc Cl A 11.2%

Value ($000) $22,270 (-25.5%) Shares 9,767,500 (-1.7%) Est. Cost $13.89 Unrealized -77.5%

QQQM Invesco Nasdaq 100 ETF 0.2%

Value ($000) $341 (-37.2%) Shares 1,350 (-38.6%) Est. Cost $247.12 Unrealized —

BDEC Innovator US Equity Builder ETF December 0.1%

Value ($000) $223 (-38.0%) Shares 4,500 (-40.0%) Est. Cost $34.97 Unrealized —

BSEP Innovator US Equity Builder ETF Sept 0.1%

Value ($000) $216 (-31.1%) Shares 4,380 (-32.4%) Est. Cost $33.66 Unrealized —

BAUG Innovator US Equity Buffer ETF Aug 0.2%

Value ($000) $299 (-21.5%) Shares 5,976 (-23.1%) Est. Cost $33.01 Unrealized —

FOCT First Trust CBOE Vest US Eq Buffer ETF Oct 0.1%

Value ($000) $256 (-13.4%) Shares 5,229 (-16.1%) Est. Cost $36.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NPWR	Net Power Inc Cl A	9,767,500 (-1.7%)	$22,270 (-25.5%)	11.2%	$13.89	-77.5%	Com	64107A105
QQQM	Invesco Nasdaq 100 ETF	1,350 (-38.6%)	$341 (-37.2%)	0.2%	$247.12	—	Com	46138G649
BDEC	Innovator US Equity Builder ETF December	4,500 (-40.0%)	$223 (-38.0%)	0.1%	$34.97	—	Com	45782C557
BSEP	Innovator US Equity Builder ETF Sept	4,380 (-32.4%)	$216 (-31.1%)	0.1%	$33.66	—	Com	45782C664
BAUG	Innovator US Equity Buffer ETF Aug	5,976 (-23.1%)	$299 (-21.5%)	0.2%	$33.01	—	Com	45782C698
FOCT	First Trust CBOE Vest US Eq Buffer ETF Oct	5,229 (-16.1%)	$256 (-13.4%)	0.1%	$36.53	—	Com	33740F664

Unchanged Positions (10)

EQT EQT Corp 51.7%

Value ($000) $102,404 Shares 1,910,515 Est. Cost $28.65 Unrealized +95.9%

NPWR/WS Net Power Inc Warrant 1.3%

Value ($000) $2,671 Shares 5,342,547 Est. Cost $4.32 Unrealized —

CRK Comstock Resources Inc 1.5%

Value ($000) $3,013 Shares 130,000 Est. Cost $8.27 Unrealized +166.6%

MSFT Microsoft Corp 0.1%

Value ($000) $278 Shares 575 Est. Cost $350.36 Unrealized +42.9%

FDEC FT CBOE Vest US Equity Buffer ETF December 0.2%

Value ($000) $392 Shares 7,650 Est. Cost $38.99 Unrealized —

ZALT Innovator US Equity 10 Buffer ETF - Qtrly 0.2%

Value ($000) $323 Shares 9,930 Est. Cost $29.77 Unrealized —

FSEP FT CBOE Vest US Equity Buffer ETF September 0.2%

Value ($000) $309 Shares 6,000 Est. Cost $37.08 Unrealized —

GRID FT NASDAQ Clean Edge Smart Grid Infra ETF 0.2%

Value ($000) $381 Shares 2,490 Est. Cost $127.25 Unrealized —

KNG FT Vest S&P 500 Dividend Aristocrats Tgt ETF 0.2%

Value ($000) $344 Shares 7,000 Est. Cost $49.31 Unrealized —

SLYG SPDR S&P 600 Small Cap Growth ETF 0.1%

Value ($000) $205 Shares 2,180 Est. Cost $94.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQT	EQT Corp	1,910,515	$102,404	51.7%	$28.65	+95.9%	Com	26884L109
NPWR/WS	Net Power Inc Warrant	5,342,547	$2,671	1.3%	$4.32	—	Com	64107A113
CRK	Comstock Resources Inc	130,000	$3,013	1.5%	$8.27	+166.6%	Com	205768302
MSFT	Microsoft Corp	575	$278	0.1%	$350.36	+42.9%	Com	594918104
FDEC	FT CBOE Vest US Equity Buffer ETF December	7,650	$392	0.2%	$38.99	—	Com	33740U505
ZALT	Innovator US Equity 10 Buffer ETF - Qtrly	9,930	$323	0.2%	$29.77	—	Com	45783Y442
FSEP	FT CBOE Vest US Equity Buffer ETF September	6,000	$309	0.2%	$37.08	—	Com	33740U307
GRID	FT NASDAQ Clean Edge Smart Grid Infra ETF	2,490	$381	0.2%	$127.25	—	Com	33737A108
KNG	FT Vest S&P 500 Dividend Aristocrats Tgt ETF	7,000	$344	0.2%	$49.31	—	Com	33739Q705
SLYG	SPDR S&P 600 Small Cap Growth ETF	2,180	$205	0.1%	$94.31	—	Com	78464A201