13F

Position

Ethic Inc. in Ipg Photonics 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 $121.1K$71.60$114.59

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20254.58K$327.6K0.0%
Q1 20262.82K$322.9K$114.59$121.1K−$125.8K0.0%