13F

Position

Ethic Inc. in Ardmore Shipping 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 $71.8K$10.59$15.25

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202517K$180.3K0.0%
Q1 202615.4K$235.1K$15.25$71.8K−$17.1K0.0%