13F

Position

VALUEWORKS LLC in Cadeler A/S

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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 $2.48M$18.59$23.53

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 2025529.6K$9.84M2.6%
Q1 2026502.5K$11.8M$23.53$2.48M−$503.5K3.2%