13F

Position

R Squared Ltd 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 $61.6K$10.59$15.25

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202513.2K$140K0.1%
Q1 202613.6K$207.4K$15.25$61.6K$5.75K0.1%