13F

Position

VALUEWORKS LLC in Mbia Inc

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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 −$2.41M$7.16$5.91

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.06M$14.8M3.9%
Q1 20261.93M$11.4M$5.91−$2.41M−$936.6K3.1%