Bleichroeder LP

2. Key Holdings

The portfolio is heavily top-heavy, with the top three positions accounting for 60.16% of the total assets under management (AUM).

• SPDR Gold Trust (GLD): This is the dominant position, comprising 35.09% ($168.85M) of the portfolio. This massive allocation to gold suggests a strong defensive or inflation-hedge bias. It serves as the portfolio's anchor, providing stability against the volatility observed in the smaller equity positions.
• Composecure Inc (CMPO): The second-largest holding at 16.96% ($81.60M). This represents a significant conviction bet on the financial services/technology infrastructure sector. The large stake size relative to the company's market cap implies the fund may have significant influence or a deep fundamental thesis regarding the company's growth.
• Linde PLC (LIN): A defensive industrial giant holding 8.11% ($39.00M). This provides the portfolio with exposure to high-quality industrial earnings and diversification away from the high-volatility micro-caps that populate the rest of the list.
• MDxHealth SA: Represents 7.13% ($34.31M), reinforcing the fund's interest in the healthcare diagnostics space.