13F

Position

CWM, LLC in Newmark Group, Inc.

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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 $194.3K$0.02$14.99

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202513K$2250.0%
Q1 202614.3K$213.6K$14.99$194.3K$19.1K0.0%