OpCo 13F-HR · quarter narrative

OpCo 13F-HR changes

How operating-company 13F-HR books shifted last quarter — strategic stakes, not hedge-fund “moves.” Soft language: new stake · weight up · weight down · still held · closed. Featured manager firehose stays on Activity. Latest books on OpCo 13F-HR.

2 companies of ~26 tracked filed through 7 Aug 2 shown

OpCo 13F-HR changes·weight down

2 shown

new stake 19 weight up 1 weight down 2 closed 10 still held 3

narrative

newest filed first · soft labels · open company or period

ticker	narrative	company	Δ weight	detail	period
7 Aug 1
RVMD	weight down	Alphabet tech treasury	−7.42 pp	−10.5% sh	Q1→Q2
3 Aug 1
VOO	weight down	Globe Life insurance float	+1.25 pp	−2.3% sh	Q1→Q2

OpCo 13F-HR narrative uses the same QoQ math as featured Activity, with softer labels. “Still held” = kept stake with <1 pp weight change. Featured New/Exit/Add/Reduce stays on Activity. Not investment advice.