Q3 2025 · 13F-HR
CHATHAM CAPITAL GROUP, INC.holdings as filed
Filed 2025-10-15 · accession 0001108969-25-000003
$695.2M
Reported value
196
Positions
2025-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 67066G104 | NVDA | NVIDIA CORPORATION | $35.6M | 5.11% | 190,586 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS | $35.2M | 5.06% | 138,248 | Common | SOLE |
| 464285204 | IAU | ISHARES GOLD TR | $26.6M | 3.83% | 365,565 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $19.6M | 2.82% | 76,912 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $17.6M | 2.53% | 33,942 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $16.3M | 2.35% | 24,511 | Common | SOLE |
| 922908637 | VV | VANGUARD INDEX FDS | $16.2M | 2.33% | 52,666 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $14.7M | 2.11% | 23,883 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FD | $14.6M | 2.10% | 19,541 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $14.3M | 2.06% | 23,803 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $13.4M | 1.93% | 55,092 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $12.6M | 1.81% | 58,390 | Common | SOLE |
| 46436E148 | IBTO | ISHARES TR | $12.2M | 1.75% | 493,320 | Common | SOLE |
| 46436E841 | IBTH | ISHARES TR | $10.8M | 1.55% | 479,846 | Common | SOLE |
| 46138J783 | BSCR | INVESCO EXCH TRD SLF IDX FD | $9.9M | 1.43% | 503,095 | Common | SOLE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $9.7M | 1.39% | 135,745 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $9.7M | 1.39% | 34,349 | Common | SOLE |
| 46434G764 | EMXC | ISHARES INC | $9.6M | 1.39% | 142,680 | Common | SOLE |
| 98149E303 | GLDM | WORLD GOLD TR | $9.2M | 1.32% | 120,341 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $8.4M | 1.21% | 25,334 | Common | SOLE |
| 46641Q837 | JPST | J P MORGAN EXCHANGE TRADED F | $8.3M | 1.20% | 163,894 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $7.8M | 1.12% | 25,687 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $7.5M | 1.07% | 24,825 | Common | SOLE |
| 46429B655 | FLOT | ISHARES TR | $7.2M | 1.04% | 141,322 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $7.0M | 1.01% | 9,174 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $6.7M | 0.96% | 39,515 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $6.5M | 0.93% | 28,011 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $6.4M | 0.92% | 34,666 | Common | SOLE |
| 000360206 | AAON | AAON INC | $6.4M | 0.92% | 68,193 | Common | SOLE |
| 127190304 | CACI | CACI INTL INC | $6.1M | 0.87% | 12,135 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $5.8M | 0.84% | 23,218 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $5.8M | 0.83% | 14,285 | Common | SOLE |
| 861896108 | SNEX | STONEX GROUP INC | $5.7M | 0.82% | 56,682 | Common | SOLE |
| 78468R739 | SHM | SPDR SERIES TRUST | $5.7M | 0.82% | 118,285 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $5.3M | 0.77% | 230,017 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $5.1M | 0.73% | 26,390 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $5.0M | 0.72% | 32,681 | Common | SOLE |
| 46429B663 | HDV | ISHARES TR | $5.0M | 0.72% | 40,783 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $4.9M | 0.70% | 15,510 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $4.9M | 0.70% | 20,421 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $4.8M | 0.70% | 70,856 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $4.7M | 0.67% | 28,191 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $4.6M | 0.66% | 31,799 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.5M | 0.65% | 6,189 | Common | SOLE |
| 221006109 | CRVL | CORVEL CORP | $4.5M | 0.65% | 58,564 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $4.5M | 0.64% | 32,775 | Common | SOLE |
| 739128106 | POWL | POWELL INDS INC | $4.4M | 0.63% | 14,374 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $4.4M | 0.63% | 42,349 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $4.3M | 0.62% | 45,212 | Common | SOLE |
| 671044105 | OSIS | OSI SYSTEMS INC | $4.3M | 0.61% | 17,135 | Common | SOLE |
| 525558201 | LMAT | LEMAITRE VASCULAR INC | $4.2M | 0.60% | 47,445 | Common | SOLE |
| 318910106 | FBNC | FIRST BANCORP N C | $4.1M | 0.60% | 78,402 | Common | SOLE |
| 46138J635 | BSJQ | INVESCO EXCH TRD SLF IDX FD | $3.9M | 0.57% | 168,050 | Common | SOLE |
| 57686G105 | MATX | MATSON INC | $3.9M | 0.56% | 39,392 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $3.9M | 0.56% | 46,018 | Common | SOLE |
| 576690101 | MTRN | MATERION CORP | $3.8M | 0.55% | 31,748 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $3.7M | 0.53% | 15,448 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $3.6M | 0.52% | 54,817 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $3.5M | 0.51% | 17,659 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $3.5M | 0.50% | 6,132 | Common | SOLE |
| 45765U103 | NSIT | INSIGHT ENTERPRISES INC | $3.4M | 0.49% | 29,896 | Common | SOLE |
| 861025104 | SYBT | STOCK YDS BANCORP INC | $3.4M | 0.48% | 47,949 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $3.3M | 0.47% | 3,531 | Common | SOLE |
| 577933104 | MMS | MAXIMUS INC | $3.2M | 0.46% | 34,922 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $3.2M | 0.46% | 23,720 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $3.2M | 0.46% | 15,499 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $3.1M | 0.45% | 14,849 | Common | SOLE |
| 580589109 | MGRC | MCGRATH RENTCORP | $3.1M | 0.45% | 26,634 | Common | SOLE |
| 294268107 | PLUS | EPLUS INC | $3.1M | 0.45% | 43,682 | Common | SOLE |
| 12618T105 | CRAI | CRA INTL INC | $3.1M | 0.44% | 14,794 | Common | SOLE |
| 461202103 | INTU | INTUIT | $3.1M | 0.44% | 4,493 | Common | SOLE |
| 126349109 | CSN | CSG SYS INTL INC | $3.0M | 0.44% | 47,208 | Common | SOLE |
| 505336107 | LZB | LA Z BOY INC | $2.9M | 0.42% | 85,936 | Common | SOLE |
| 92847W103 | VITL | VITAL FARMS INC | $2.9M | 0.42% | 70,975 | Common | SOLE |
| 922907746 | VTEB | VANGUARD MUN BD FDS | $2.9M | 0.42% | 58,115 | Common | SOLE |
| 124805102 | CBZ | CBIZ INC | $2.7M | 0.39% | 50,627 | Common | SOLE |
| 922908629 | VO | VANGUARD INDEX FDS | $2.6M | 0.37% | 8,870 | Common | SOLE |
| 068463108 | BBSI | BARRETT BUSINESS SVCS INC | $2.5M | 0.36% | 57,165 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $2.4M | 0.35% | 5,027 | Common | SOLE |
| 46436E593 | IBTK | ISHARES TR | $2.4M | 0.35% | 121,345 | Common | SOLE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $2.4M | 0.35% | 20,413 | Common | SOLE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $2.3M | 0.33% | 8,048 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $2.3M | 0.33% | 73,456 | Common | SOLE |
| 009158106 | APD | AIR PRODS & CHEMS INC | $2.3M | 0.32% | 8,262 | Common | SOLE |
| 92203C303 | VUSB | VANGUARD BD INDEX FDS | $2.2M | 0.32% | 44,655 | Common | SOLE |
| 46432F834 | IXUS | ISHARES TR | $2.2M | 0.32% | 26,770 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.1M | 0.31% | 6,249 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $2.1M | 0.31% | 6,450 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $2.1M | 0.30% | 18,343 | Common | SOLE |
| 373865104 | GABC | GERMAN AMERN BANCORP INC | $2.0M | 0.29% | 51,681 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $2.0M | 0.29% | 14,381 | Common | SOLE |
| 681919106 | OMC | OMNICOM GROUP INC | $2.0M | 0.29% | 24,643 | Common | SOLE |
| 359694106 | FUL | FULLER H B CO | $2.0M | 0.29% | 33,874 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $2.0M | 0.29% | 12,556 | Common | SOLE |
| 53803X105 | LOB | LIVE OAK BANCSHARES INC | $2.0M | 0.29% | 56,503 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $1.9M | 0.28% | 7,962 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $1.8M | 0.26% | 2,274 | Common | SOLE |
| 97717X669 | DGRW | WISDOMTREE TR | $1.8M | 0.26% | 20,251 | Common | SOLE |
| 78464A862 | XSD | SPDR SERIES TRUST | $1.8M | 0.26% | 5,617 | Common | SOLE |
| 535555106 | LNN | LINDSAY CORP | $1.7M | 0.25% | 12,270 | Common | SOLE |
| 749607107 | RLI | RLI CORP | $1.7M | 0.25% | 26,280 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $1.7M | 0.24% | 63,470 | Common | SOLE |
| 90337L108 | USPH | U S PHYSICAL THERAPY | $1.7M | 0.24% | 19,464 | Common | SOLE |
| 374297109 | GTY | GETTY RLTY CORP NEW | $1.6M | 0.23% | 59,587 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.6M | 0.23% | 6,521 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $1.6M | 0.23% | 7,853 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $1.6M | 0.23% | 4,815 | Common | SOLE |
| 464287648 | IWO | ISHARES TR | $1.5M | 0.22% | 4,715 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $1.5M | 0.21% | 18,617 | Common | SOLE |
| 747316107 | KWR | QUAKER HOUGHTON | $1.4M | 0.20% | 10,724 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.4M | 0.20% | 6,254 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $1.3M | 0.19% | 7,218 | Common | SOLE |
| 46436E833 | IBTI | ISHARES TR | $1.3M | 0.19% | 59,650 | Common | SOLE |
| 784305104 | HTO | H2O AMERICA | $1.3M | 0.19% | 26,735 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $1.3M | 0.19% | 39,540 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $1.3M | 0.18% | 36,031 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $1.3M | 0.18% | 13,407 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $1.3M | 0.18% | 13,319 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $1.2M | 0.17% | 10,844 | Common | SOLE |
| 464287168 | DVY | ISHARES TR | $1.2M | 0.17% | 8,298 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $1.2M | 0.17% | 5,629 | Common | SOLE |
| 642045108 | AESI | ATLAS ENERGY SOLUTIONS INC | $1.2M | 0.17% | 102,809 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $1.2M | 0.17% | 8,665 | Common | SOLE |
| 92204A603 | VIS | VANGUARD WORLD FD | $1.2M | 0.17% | 3,900 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $1.1M | 0.16% | 20,065 | Common | SOLE |
| 92204A884 | VOX | VANGUARD WORLD FD | $1.1M | 0.16% | 5,817 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $1.0M | 0.15% | 3,653 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $1.0M | 0.14% | 8,105 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $1.0M | 0.14% | 2,896 | Common | SOLE |
| 00191U102 | EFOR | ASGN INC | $974,652 | 0.14% | 20,584 | Common | SOLE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $971,680 | 0.14% | 21,545 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $957,191 | 0.14% | 6,791 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $946,813 | 0.14% | 2,742 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $940,367 | 0.14% | 1,405 | Common | SOLE |
| 464288158 | SUB | ISHARES TR | $926,317 | 0.13% | 8,675 | Common | SOLE |
| 464287507 | IJH | ISHARES TR | $898,630 | 0.13% | 13,770 | Common | SOLE |
| 464288414 | MUB | ISHARES TR | $842,336 | 0.12% | 7,910 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $822,202 | 0.12% | 2,313 | Common | SOLE |
| 381430529 | GBIL | GOLDMAN SACHS ETF TR | $793,822 | 0.11% | 7,920 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $774,342 | 0.11% | 5,564 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $762,691 | 0.11% | 16,960 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $759,822 | 0.11% | 6,636 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $740,079 | 0.11% | 29,045 | Common | SOLE |
| 018802108 | LNT | ALLIANT ENERGY CORP | $731,399 | 0.11% | 10,850 | Common | SOLE |
| 78464A631 | XAR | SPDR SERIES TRUST | $717,803 | 0.10% | 3,055 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $687,412 | 0.10% | 1,377 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $674,699 | 0.10% | 11,260 | Common | SOLE |
| 464287515 | IGV | ISHARES TR | $669,933 | 0.10% | 5,825 | Common | SOLE |
| 92204A108 | VCR | VANGUARD WORLD FD | $612,052 | 0.09% | 1,545 | Common | SOLE |
| 097023105 | BA | BOEING CO | $607,130 | 0.09% | 2,813 | Common | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $606,085 | 0.09% | 1,734 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $590,250 | 0.08% | 23,810 | Common | SOLE |
| 30040W108 | ES | EVERSOURCE ENERGY | $567,768 | 0.08% | 7,981 | Common | SOLE |
| 921937827 | BSV | VANGUARD BD INDEX FDS | $549,135 | 0.08% | 6,959 | Common | SOLE |
| 464287622 | IWB | ISHARES TR | $496,322 | 0.07% | 1,358 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $492,633 | 0.07% | 9,549 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $476,040 | 0.07% | 6,306 | Common | SOLE |
| 00206R102 | T | AT&T INC | $475,106 | 0.07% | 16,824 | Common | SOLE |
| 808524607 | SCHA | SCHWAB STRATEGIC TR | $464,666 | 0.07% | 16,655 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $445,527 | 0.06% | 2,869 | Common | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $442,183 | 0.06% | 4,413 | Common | SOLE |
| 92204A306 | VDE | VANGUARD WORLD FD | $434,217 | 0.06% | 3,450 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $422,790 | 0.06% | 1,500 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $419,788 | 0.06% | 835 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $413,676 | 0.06% | 4,525 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $404,971 | 0.06% | 1,450 | Common | SOLE |
| 56585A102 | MPC | MARATHON PETE CORP | $400,128 | 0.06% | 2,076 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $387,171 | 0.06% | 2,314 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $384,390 | 0.06% | 4,556 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $383,427 | 0.06% | 1,626 | Common | SOLE |
| 882681109 | TXRH | TEXAS ROADHOUSE INC | $376,994 | 0.05% | 2,269 | Common | SOLE |
| 97717W505 | DON | WISDOMTREE TR | $366,100 | 0.05% | 7,000 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $363,132 | 0.05% | 6,975 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $361,282 | 0.05% | 1,259 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $351,089 | 0.05% | 1,218 | Common | SOLE |
| 125896100 | CMS | CMS ENERGY CORP | $346,520 | 0.05% | 4,730 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $339,720 | 0.05% | 12,000 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $337,477 | 0.05% | 1,850 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW | $336,246 | 0.05% | 4,608 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $332,060 | 0.05% | 696 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $323,959 | 0.05% | 7,371 | Common | SOLE |
| 78464A102 | XNTK | SPDR SERIES TRUST | $313,065 | 0.05% | 1,150 | Common | SOLE |
| 78468R200 | FLRN | SPDR SERIES TRUST | $308,600 | 0.04% | 10,000 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $301,103 | 0.04% | 1,100 | Common | SOLE |
| 204149108 | CTBI | COMMUNITY TR BANCORP INC | $297,934 | 0.04% | 5,325 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $296,177 | 0.04% | 1,826 | Common | SOLE |
| 46138J791 | BSCQ | INVESCO EXCH TRD SLF IDX FD | $295,356 | 0.04% | 15,100 | Common | SOLE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $267,281 | 0.04% | 1,733 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $265,771 | 0.04% | 2,026 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $253,698 | 0.04% | 899 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $250,373 | 0.04% | 669 | Common | SOLE |
| 464287630 | IWN | ISHARES TR | $249,302 | 0.04% | 1,410 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $222,915 | 0.03% | 1,500 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $208,537 | 0.03% | 700 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING IN | $205,744 | 0.03% | 701 | Common | SOLE |
| 92840R101 | NFJ | VIRTUS DIVIDEND INTEREST & P | $130,100 | 0.02% | 10,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.