Quaker Capital Investments, LLC

Key Holdings

The portfolio is dominated by a few large-cap positions that command substantial weighting. The top holding, EQT Corp (EQT), represents 21.49% of the total portfolio ($62.31M), indicating a strong overweight in the energy sector. Liberty Latin America Ltd is the second-largest position at 16.25% ($47.13M), though the data suggests this may be split across two distinct class listings (Class A and C shares). Uber Technologies Inc (UBER) holds the third spot at 12.66% ($36.71M), providing significant exposure to the technology and transportation sectors. IHS Holding Limited and Caesars Entertainment Inc (CZR) round out the top five, accounting for 10.28% and 10.10% of the portfolio, respectively. Together, the top five holdings constitute over 70% of the total assets, underscoring the manager's willingness to concentrate risk in specific names rather than hedging through broad diversification.

Sector Allocation

The sector allocation reveals a distinct tilt toward "Unknown" and cyclical industries, which likely reflects specific industry classifications for holding companies or international ADRs (such as Liberty entities and IHS) that may not fit neatly into standard GICS sectors. The "Unknown" category accounts for the largest allocation at $105.22M (36.3%), primarily driven by Liberty Latin America and IHS Holding.