13F

Position

Entropy Technologies, LP in Stepan Co

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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 $14.9K$47.36$49.98

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20255.7K$270K0.0%
Q1 202610.2K$510.5K$49.98$14.9K$225.6K0.0%