Four Tree Island Advisory LLC

The portfolio is relatively concentrated, holding 23 distinct securities. The manager employs a high-conviction strategy, with the top 10 positions accounting for approximately 88.6% of the total portfolio value. The concentration is particularly evident in the top three holdings—Lam Research (LRCX), Mueller Industries (MLI), and Jackson Financial (JXN)—which collectively represent 49.06% of the assets. This suggests the firm favors a focused approach over broad diversification, seeking alpha through specific stock selection rather than market replication.

2. Key Holdings