59 North Capital Management, LP Diversified Active

CIK: 0001805589 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,212,235 (100.0% shares, 0.0% debt)

Holdings (13)

Increased Positions (4)

EXE EXPAND ENERGY CORPORATION 6.3%

Value ($000) $203,243 (+42.7%) Shares 1,841,634 (+37.4%) Est. Cost $107.02 Unrealized +3.4%

CEG CONSTELLATION ENERGY CORP 6.4%

Value ($000) $206,133 (+34.3%) Shares 583,500 (+25.1%) Est. Cost $176.48 Unrealized +105.8%

LPX LOUISIANA PAC CORP 8.9%

Value ($000) $285,639 (+14.9%) Shares 3,536,884 (+26.3%) Est. Cost $89.94 Unrealized -6.1%

IBIT ISHARES BITCOIN TRUST ETF 6.1%

Value ($000) $194,679 (+15.1%) Shares 3,921,034 (+50.7%) Est. Cost $59.83 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXE	EXPAND ENERGY CORPORATION	1,841,634 (+37.4%)	$203,243 (+42.7%)	6.3%	$107.02	+3.4%	COM	165167735
CEG	CONSTELLATION ENERGY CORP	583,500 (+25.1%)	$206,133 (+34.3%)	6.4%	$176.48	+105.8%	COM	21037T109
LPX	LOUISIANA PAC CORP	3,536,884 (+26.3%)	$285,639 (+14.9%)	8.9%	$89.94	-6.1%	COM	546347105
IBIT	ISHARES BITCOIN TRUST ETF	3,921,034 (+50.7%)	$194,679 (+15.1%)	6.1%	$59.83	—	SHS BEN INT	46438F101

Exited Positions (1)

IWM ISHARES TR 1.3%

Value ($000) $42,154 Shares 174,219 Est. Cost $209.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	174,219	$42,154	1.3%	$209.80	—	—	464287655

Decreased Positions (4)

NWSA NEWS CORP NEW 10.5%

Value ($000) $338,626 (-21.3%) Shares 12,964,234 (-7.5%) Est. Cost $25.27 Unrealized +3.8%

SITE SITEONE LANDSCAPE SUPPLY INC 5.6%

Value ($000) $181,373 (-15.4%) Shares 1,456,112 (-12.5%) Est. Cost $135.67 Unrealized -6.7%

CCL CARNIVAL CORP 7.2%

Value ($000) $231,606 (-1.5%) Shares 7,583,688 (-6.7%) Est. Cost $22.90 Unrealized +21.8%

AER AERCAP HOLDINGS NV 14.8%

Value ($000) $475,933 (+0.0%) Shares 3,310,609 (-15.8%) Est. Cost $79.39 Unrealized +66.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NWSA	NEWS CORP NEW	12,964,234 (-7.5%)	$338,626 (-21.3%)	10.5%	$25.27	+3.8%	CL A	65249B109
SITE	SITEONE LANDSCAPE SUPPLY INC	1,456,112 (-12.5%)	$181,373 (-15.4%)	5.6%	$135.67	-6.7%	COM	82982L103
CCL	CARNIVAL CORP	7,583,688 (-6.7%)	$231,606 (-1.5%)	7.2%	$22.90	+21.8%	UNIT 99/99/9999	143658300
AER	AERCAP HOLDINGS NV	3,310,609 (-15.8%)	$475,933 (+0.0%)	14.8%	$79.39	+66.8%	SHS	N00985106

Unchanged Positions (5)

DTM DT MIDSTREAM INC 11.4%

Value ($000) $365,062 Shares 3,050,320 Est. Cost $100.49 Unrealized +13.7%

NWS NEWS CORP NEW 2.0%

Value ($000) $62,981 Shares 2,125,569 Est. Cost $23.60 Unrealized +26.4%

KMI KINDER MORGAN INC DEL 9.7%

Value ($000) $312,659 Shares 11,373,545 Est. Cost $26.74 Unrealized +0.6%

LAMR LAMAR ADVERTISING CO NEW 2.3%

Value ($000) $74,870 Shares 591,487 Est. Cost $113.70 Unrealized —

FERG FERGUSON ENTERPRISES INC 8.7%

Value ($000) $279,431 Shares 1,255,137 Est. Cost $211.69 Unrealized +12.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DTM	DT MIDSTREAM INC	3,050,320	$365,062	11.4%	$100.49	+13.7%	COMMON STOCK	23345M107
NWS	NEWS CORP NEW	2,125,569	$62,981	2.0%	$23.60	+26.4%	CL B	65249B208
KMI	KINDER MORGAN INC DEL	11,373,545	$312,659	9.7%	$26.74	+0.6%	COM	49456B101
LAMR	LAMAR ADVERTISING CO NEW	591,487	$74,870	2.3%	$113.70	—	CL A	512816109
FERG	FERGUSON ENTERPRISES INC	1,255,137	$279,431	8.7%	$211.69	+12.4%	COMMON STOCK NEW	31488V107