13F

Position

CWM, LLC in Imperial Oil Ltd

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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 $188.5K$0.09$130.83

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.37K$2040.0%
Q1 20261.44K$188.7K$130.83$188.5K−$800.0%