Investor: Michael DeMichele & Farhad Nanji
Number of Assets: 10
Reporting Period: Q1 - 2025
Holdings at Report: $4,254,207,523
Return Since Report: +$2,094,005,179
Return Since Report: +49.22%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Bausch Health Companies Inc. (BHC) | Equity | 0% | 6,000,000 | 0.95% | $6.47 | $4.77 | $38,820,000 | $28,620,000 | -$10,200,000 | -26.28% |
| CNX Resources Corp. (CNX) | Equity | -44.33% | 8,350,000 | 6.42% | $31.48 | $32.67 | $262,858,000 | $272,794,500 | +$9,936,500 | +3.78% |
| HCA Healthcare Inc. (HCA) | Equity | 0% | 973,898 | 8.21% | $345.55 | $375.17 | $336,530,454 | $365,377,313 | +$28,846,859 | +8.57% |
| Ivanhoe Electric Inc. (IE) | Equity | 0% | 2,553,191 | 0.36% | $5.81 | $11.40 | $14,834,040 | $29,106,377 | +$14,272,337 | +96.21% |
| Occidental Petroleum Corp. (OXY-WS) | Bond | +100% | 5,690,600 | N/A | $27.67 | N/A | $157,458,902 | N/A | N/A | N/A |
| Pennymac Financial Services Inc. (PFSI) | Equity | 0% | 4,531,792 | 11.07% | $100.11 | $82.38 | $453,677,697 | $373,329,025 | -$80,348,672 | -17.71% |
| QXO Inc. (QXO) | Equity | 0% | 46,908,701 | 15.50% | $13.54 | $17.76 | $635,143,812 | $833,098,530 | +$197,954,718 | +31.17% |
| Rxo Inc. (RXO) | Equity | 0% | 27,577,666 | 12.86% | $19.10 | $25.39 | $526,733,421 | $700,196,940 | +$173,463,519 | +32.93% |
| Talen Energy Corp. (TLN) | Equity | 0% | 3,000,000 | 14.62% | $199.67 | $436.29 | $599,010,000 | $1,308,870,000 | +$709,860,000 | +118.51% |
| XPO Inc. (XPO) | Equity | 0% | 11,425,369 | 30.00% | $107.58 | $199.50 | $1,229,141,197 | $2,279,361,116 | +$1,050,219,919 | +85.44% |