13F

Position

Ballast, Inc. in Mcdonalds Corp

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark $12K$305.63$310.79

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.46K$751.2K0.2%
Q1 20262.33K$723.5K$310.79$12K−$39.7K0.2%