Q1 2025 · 13F-HR
Burns Matteson Capital Management, LLCholdings as filed
Filed 2025-05-02 · accession 0001894164-25-000004
$185.9M
Reported value
175
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 219350105 | GLW | CORNING INC COM | $17.1M | 9.20% | 801,637 | Common | SOLE |
| 46137V241 | SPHQ | INVESCO S&P 500 QUALITY ETF | $13.9M | 7.46% | 209,165 | Common | SOLE |
| 69374H881 | COWZ | PACER US CASH COWS 100 ETF | $10.3M | 5.56% | 188,775 | Common | SOLE |
| 808524797 | SCHD | SCHWAB US DIVIDEND EQUITY ETF | $6.8M | 3.66% | 243,206 | Common | SOLE |
| 464289438 | IWY | ISHARES RUSSELL TOP 200 GROWTH ETF | $6.3M | 3.37% | 29,706 | Common | SOLE |
| 464287481 | IWP | ISHARES RUSSELL MID-CAP GROWTH ETF | $5.1M | 2.76% | 43,648 | Common | SOLE |
| 46137V472 | XMHQ | INVESCO S&P MIDCAP QUALITY ETF | $4.9M | 2.65% | 53,859 | Common | SOLE |
| 46138E354 | SPLV | INVESCO S&P 500 LOW VOLATILITY ETF | $4.5M | 2.40% | 59,704 | Common | SOLE |
| 92189F643 | MOAT | VANECK MORNINGSTAR WIDE MOAT ETF | $4.1M | 2.21% | 46,798 | Common | SOLE |
| 97717X669 | DGRW | WISDOMTREE US QUALITY DIVIDEND GROWTH FUND | $4.1M | 2.21% | 51,504 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD SHARES | $3.8M | 2.05% | 13,223 | Common | SOLE |
| 681936100 | OHI | OMEGA HEALTHCARE INVS INC COM | $3.6M | 1.91% | 93,416 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP COM | $3.4M | 1.82% | 9,008 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC COM | $3.3M | 1.80% | 17,581 | Common | SOLE |
| 808524300 | SCHG | SCHWAB U.S. LARGE-CAP GROWTH ETF | $3.3M | 1.77% | 131,502 | Common | SOLE |
| 78464A375 | SPIB | SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF | $2.9M | 1.57% | 87,919 | Common | SOLE |
| 464288638 | IGIB | ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF | $2.9M | 1.56% | 55,380 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION COM | $2.9M | 1.55% | 26,563 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER (PLUM CREEK TIMBER) | $2.8M | 1.50% | 95,291 | Common | SOLE |
| 464287440 | IEF | ISHARES 7-10 YEAR TREASURY BOND ETF | $2.6M | 1.41% | 27,509 | Common | SOLE |
| 037833100 | AAPL | APPLE INC COM | $2.5M | 1.32% | 11,031 | Common | SOLE |
| 922908769 | VTI | VANGUARD TOTAL STOCK INDEX | $2.4M | 1.30% | 8,789 | Common | SOLE |
| 756109104 | O | REALTY INCOME CORP COM | $2.2M | 1.21% | 43,435 | Common | SOLE |
| 30303M102 | META | FACEBOOK INC CL A | $1.8M | 0.98% | 3,159 | Common | SOLE |
| 464288562 | REZ | ISHARES RESIDENTIAL AND MULTISECTOR REAL ESTATE ETF | $1.6M | 0.87% | 18,782 | Common | SOLE |
| 46137V324 | RSPN | INVESCO S&P 500 INDUSTRIALS ETF | $1.5M | 0.79% | 30,064 | Common | SOLE |
| 866674104 | SUI | SUN COMMUNITIES INC | $1.5M | 0.78% | 11,277 | Common | SOLE |
| 46435G433 | SMMV | ISHARES MSCI USA SMALL-CAP MIN VOL FACTOR ETF | $1.4M | 0.77% | 34,512 | Common | SOLE |
| 46434V803 | HEFA | ISHARES CURRENCY HEDGED MSCI EAFE ETF | $1.3M | 0.70% | 35,922 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC CAP STK CL A | $1.3M | 0.69% | 8,270 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED CL A | $1.3M | 0.68% | 2,306 | Common | SOLE |
| 69374H766 | INDS | PACER INDUSTRIAL REAL ESTATE | $1.2M | 0.67% | 33,537 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY CLASS B | $1.2M | 0.66% | 2,312 | Common | SOLE |
| 92276F100 | VTR | VENTAS HEALTHCARE INC COM | $1.2M | 0.64% | 17,427 | Common | SOLE |
| 97717X594 | IHDG | WISDOMTREE INTERNATIONAL HEDGED QUALITY DIVIDEND GROWTH FUND | $1.2M | 0.64% | 27,565 | Common | SOLE |
| 464287499 | IWR | ISHARES RUSSELL MID-CAP ETF | $1.0M | 0.56% | 12,337 | Common | SOLE |
| 464287671 | IUSG | ISHARES CORE S&P U.S. GROWTH ETF | $1.0M | 0.54% | 7,940 | Common | SOLE |
| 808524508 | SCHM | SCHWAB U.S. MID-CAP ETF | $919,275 | 0.49% | 35,087 | Common | SOLE |
| 69374H303 | PTNQ | PACER TRENDPILOT 100 ETF | $913,925 | 0.49% | 12,870 | Common | SOLE |
| 922908611 | VBR | VANGUARD SMALL-CAP VALUE INDEX | $894,718 | 0.48% | 4,803 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP COM | $891,287 | 0.48% | 11,386 | Common | SOLE |
| 922908538 | VOT | VANGUARD MID-CAP GROWTH INDEX FUND | $762,989 | 0.41% | 3,119 | Common | SOLE |
| 532457108 | LLY | LILLY ELI & CO COM | $732,877 | 0.39% | 887 | Common | SOLE |
| 78464A805 | SPTM | SPDR PORTFOLIO S&P 1500 COMPOSITE STOCK MARKET ETF | $694,790 | 0.37% | 10,216 | Common | SOLE |
| 46435G672 | IAGG | ISHARES CORE INTERNATIONAL AGGREGATE BOND FUND | $692,611 | 0.37% | 13,855 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING INC COM | $670,944 | 0.36% | 2,196 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP COM | $667,531 | 0.36% | 2,826 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP COM | $663,898 | 0.36% | 360 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW CL A | $638,584 | 0.34% | 9,736 | Common | SOLE |
| 316188309 | FBND | FIDELITY TOTAL BOND ETF | $634,033 | 0.34% | 13,889 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC COM | $617,721 | 0.33% | 8,946 | Common | SOLE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO COM | $600,718 | 0.32% | 1,740 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC COM | $591,861 | 0.32% | 8,349 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC SHS | $556,708 | 0.30% | 2,048 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC COM | $555,974 | 0.30% | 943 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC COM | $552,289 | 0.30% | 2,131 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC COM | $533,836 | 0.29% | 3,028 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TRUST | $533,535 | 0.29% | 1,138 | Common | SOLE |
| 37959E102 | GL | GLOBE LIFE INC COM | $527,407 | 0.28% | 4,004 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW COM | $516,977 | 0.28% | 4,244 | Common | SOLE |
| 71424F105 | PR | CENTENNIAL RESOURCE DEV INC CL A | $515,663 | 0.28% | 37,232 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC COM | $512,991 | 0.28% | 2,348 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW COM | $512,457 | 0.28% | 2,355 | Common | SOLE |
| 216648501 | COO | COOPER COS INC COM | $510,064 | 0.27% | 6,047 | Common | SOLE |
| 416515104 | HIG | HARTFORD FINL SVCS GROUP INC COM | $505,808 | 0.27% | 4,088 | Common | SOLE |
| 91529Y106 | UNM | UNUM GROUP COM | $502,201 | 0.27% | 6,165 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO COM | $497,845 | 0.27% | 2,030 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC COM CL A | $495,112 | 0.27% | 11,896 | Common | SOLE |
| 922908363 | VOO | VANGUARD S&P 500 ETF | $493,263 | 0.27% | 960 | Common | SOLE |
| 552848103 | MTG | MGIC INVT CORP WIS COM | $487,695 | 0.26% | 19,681 | Common | SOLE |
| 89417E109 | TRV | TRAVELERS COMPANIES INC COM | $483,962 | 0.26% | 1,830 | Common | SOLE |
| 109641100 | EAT | BRINKER INTL INC COM | $478,600 | 0.26% | 3,211 | Common | SOLE |
| 237194105 | DRI | DARDEN RESTAURANTS INC COM | $476,394 | 0.26% | 2,293 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO COM | $474,422 | 0.26% | 9,286 | Common | SOLE |
| 256163106 | DOCU | DOCUSIGN INC COM | $469,027 | 0.25% | 5,762 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC COM | $468,156 | 0.25% | 1,573 | Common | SOLE |
| 172062101 | CINF | CINCINNATI FINL CORP COM | $455,716 | 0.25% | 3,085 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC COM | $452,789 | 0.24% | 2,704 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC COM | $450,576 | 0.24% | 241 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC COM | $446,615 | 0.24% | 5,140 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC CL A | $442,909 | 0.24% | 2,690 | Common | SOLE |
| 30212P303 | EXPE | EXPEDIA GROUP INC COM NEW | $441,431 | 0.24% | 2,626 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC COM | $440,707 | 0.24% | 2,869 | Common | SOLE |
| 204166102 | CVLT | COMMVAULT SYS INC COM | $440,466 | 0.24% | 2,792 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC CL A | $440,082 | 0.24% | 2,443 | Common | SOLE |
| 26210C104 | DBX | DROPBOX INC CL A | $431,580 | 0.23% | 16,158 | Common | SOLE |
| 98980L101 | ZNGA | ZOOM VIDEO COMMUNICATIONS | $427,940 | 0.23% | 5,801 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP CL A | $426,915 | 0.23% | 8,837 | Common | SOLE |
| 001055102 | AFL | AFLAC INC COM | $425,747 | 0.23% | 3,829 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $424,908 | 0.23% | 10,652 | Common | SOLE |
| 00090Q103 | ADT | ADT INC DEL COM | $417,037 | 0.22% | 51,233 | Common | SOLE |
| 004498101 | ACIW | ACI WORLDWIDE INC COM | $409,559 | 0.22% | 7,486 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC CL A | $406,497 | 0.22% | 2,215 | Common | SOLE |
| 783549108 | R | RYDER SYS INC COM | $388,391 | 0.21% | 2,701 | Common | SOLE |
| 23345M107 | DTM | DT MIDSTREAM INC COMMON STOCK | $381,385 | 0.21% | 3,953 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO COM | $381,084 | 0.20% | 8,103 | Common | SOLE |
| 103304101 | BYD | BOYD GAMING CORP COM | $377,008 | 0.20% | 5,727 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW COM | $371,186 | 0.20% | 11,897 | Common | SOLE |
| 87165B103 | SYF | SYNCHRONY FINANCIAL COM | $368,621 | 0.20% | 6,963 | Common | SOLE |
| 688239201 | OSK | OSHKOSH CORP COM | $368,135 | 0.20% | 3,913 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC CL A | $362,439 | 0.19% | 1,552 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC COM | $362,166 | 0.19% | 1,424 | Common | SOLE |
| 00162Q387 | OUSA | ALPS O'SHARES U.S. QUALITY DIVIDEND ETF | $358,862 | 0.19% | 6,743 | Common | SOLE |
| 278865100 | ECL | ECOLAB INC COM | $358,731 | 0.19% | 1,415 | Common | SOLE |
| 95082P105 | WCC | WESCO INTL INC COM | $358,277 | 0.19% | 2,307 | Common | SOLE |
| 690742101 | OC | OWENS CORNING NEW COM | $355,193 | 0.19% | 2,487 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC COM | $351,861 | 0.19% | 669 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP COM CL A | $349,760 | 0.19% | 1,320 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP COM | $349,402 | 0.19% | 4,166 | Common | SOLE |
| 247361702 | DAL | DELTA AIR LINES INC DEL COM NEW | $341,911 | 0.18% | 7,842 | Common | SOLE |
| 29605J106 | ESAB | ESAB CORP | $336,802 | 0.18% | 2,891 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDG LTD SHS | $334,037 | 0.18% | 17,618 | Common | SOLE |
| 464288760 | ITA | ISHARES U.S. AEROSPACE & DEFENSE ETF | $327,757 | 0.18% | 2,141 | Common | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD COM | $327,654 | 0.18% | 3,924 | Common | SOLE |
| 64110D104 | NTAP | NETAPP INC COM | $321,231 | 0.17% | 3,657 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE CO COM | $319,910 | 0.17% | 20,733 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC COM CL A | $315,337 | 0.17% | 1,434 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC COM | $313,987 | 0.17% | 1,978 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC CL B | $309,292 | 0.17% | 2,812 | Common | SOLE |
| 88579Y101 | MMM | 3M CO COM | $308,406 | 0.17% | 2,100 | Common | SOLE |
| 46137V290 | RSPR | INVESCO S&P 500 EQUAL WEIGHT REAL ESTATE ETF | $307,998 | 0.17% | 8,625 | Common | SOLE |
| 33829M101 | FIVE | FIVE BELOW INC COM | $299,625 | 0.16% | 3,999 | Common | SOLE |
| 172755100 | CRUS | CIRRUS LOGIC INC COM | $285,213 | 0.15% | 2,862 | Common | SOLE |
| 366651107 | IT | GARTNER INC COM | $283,744 | 0.15% | 676 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC COM | $282,369 | 0.15% | 1,139 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC COM | $276,830 | 0.15% | 1,622 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC COM NEW | $276,070 | 0.15% | 2,892 | Common | SOLE |
| 35473P108 | DIVI | FRANKLIN/LIBERTYQ INTL EQUITY HEDGED ETF | $274,317 | 0.15% | 8,417 | Common | SOLE |
| 191216100 | KO | COCA COLA CO COM | $269,864 | 0.15% | 3,768 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF | $267,768 | 0.14% | 479 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP COM | $265,638 | 0.14% | 2,888 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC CLASS A | $260,235 | 0.14% | 1,303 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP COM | $255,549 | 0.14% | 2,176 | Common | SOLE |
| 81369Y803 | XLK | TECHNOLOGY SELECT SECTOR SPDR FUND | $255,191 | 0.14% | 1,236 | Common | SOLE |
| 55261F104 | MTB | M & T BK CORP COM | $254,656 | 0.14% | 1,425 | Common | SOLE |
| 231561101 | CW | CURTISS WRIGHT CORP COM | $252,864 | 0.14% | 797 | Common | SOLE |
| 29082A107 | EMBJ | EMBRAER S.A. SPONSORED ADS | $248,510 | 0.13% | 5,379 | Common | SOLE |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A. SPONSORED ADR | $247,457 | 0.13% | 4,543 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW COM | $244,578 | 0.13% | 1,462 | Common | SOLE |
| 78464A300 | SLYV | SPDR S&P 600 SMALL CAP VALUE ETF | $242,726 | 0.13% | 3,096 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP COM | $238,585 | 0.13% | 2,006 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC COMMON STOCK | $236,038 | 0.13% | 3,170 | Common | SOLE |
| 682680103 | OKE | ONEOK INC NEW COM | $234,556 | 0.13% | 2,364 | Common | SOLE |
| 81369Y506 | XLE | ENERGY SELECT SECTOR SPDR FUND | $233,172 | 0.13% | 2,495 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW CL B | $232,999 | 0.13% | 7,672 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP COM | $229,119 | 0.12% | 492 | Common | SOLE |
| 925050106 | VRNA | VERONA PHARMA PLC SPONSORED ADS | $228,881 | 0.12% | 3,605 | Common | SOLE |
| 46138G649 | QQQM | INVESCO NASDAQ 100 ETF | $227,185 | 0.12% | 1,177 | Common | SOLE |
| 984245100 | YPF | YPF SOCIEDAD ANONIMA SPON ADR CL D | $218,439 | 0.12% | 6,234 | Common | SOLE |
| 002896207 | ANF | ABERCROMBIE & FITCH CO CL A | $212,767 | 0.11% | 2,786 | Common | SOLE |
| 808524839 | SCHZ | SCHWAB US AGGREGATE BOND ETF | $212,460 | 0.11% | 9,174 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC CL A | $211,591 | 0.11% | 2,507 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC CAP STK CL C | $204,821 | 0.11% | 1,311 | Common | SOLE |
| 46641Q159 | JPIE | JPMORGAN INCOME ETF | $204,551 | 0.11% | 4,440 | Common | SOLE |
| 464287614 | IWF | ISHARES RUSSELL 1000 GROWTH ETF | $204,377 | 0.11% | 566 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP COM | $202,667 | 0.11% | 1,005 | Common | SOLE |
| 05961W105 | BMA | BANCO MACRO SA SPON ADR B | $202,291 | 0.11% | 2,679 | Common | SOLE |
| 88557W101 | QFIN | QIFU TECHNOLOGY INC AMERICAN DEP | $201,242 | 0.11% | 4,481 | Common | SOLE |
| 413216300 | HMY | HARMONY GOLD MINING CO LTD SPONSORED ADR | $197,268 | 0.11% | 13,356 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LTD ORD | $192,820 | 0.10% | 846 | Common | SOLE |
| 023135906 | — | AMAZON COM INC COM | $190,260 | 0.10% | 1,000 | CALL | NONE |
| 606822104 | MUFG | MITSUBISHI UFJ FINL GROUP INC SPONSORED ADS | $190,166 | 0.10% | 13,952 | Common | SOLE |
| 697660207 | PAM | PAMPA ENERGIA S A SPONS ADR LVL I | $186,129 | 0.10% | 2,411 | Common | SOLE |
| 90138A103 | VNET | 21VIANET GROUP INC SPONSORED ADS A | $175,800 | 0.09% | 21,439 | Common | SOLE |
| 05946K101 | BBVA | BANCO BILBAO VIZCAYA ARGENTARI SPONSORED ADR | $173,846 | 0.09% | 12,764 | Common | SOLE |
| 464287655 | IWM | ISHARES RUSSELL 2000 ETF | $169,590 | 0.09% | 850 | Common | SOLE |
| 91531W106 | TIGR | UP FINTECH HLDG LTD SPONSORED ADS | $157,369 | 0.08% | 18,320 | Common | SOLE |
| 06738E204 | BCS | BARCLAYS PLC ADR | $150,021 | 0.08% | 9,767 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC COM | $115,588 | 0.06% | 11,328 | Common | SOLE |
| 294821608 | ERIC | ERICSSON ADR B SEK 10 | $109,230 | 0.06% | 14,076 | Common | SOLE |
| 0076CA104 | AEG | AEGON N V NY REGISTRY SHS | $92,365 | 0.05% | 14,016 | Common | SOLE |
| G8588X103 | SGHC | SUPER GROUP SGHC LIMITED ORD SHS | $69,385 | 0.04% | 10,774 | Common | SOLE |
| 68622D106 | AACQGBP | ORIGIN MATERIALS INC COM | $48,443 | 0.03% | 73,000 | Common | SOLE |
| 00081T108 | ACCO | ACCO BRANDS CORP COM | $47,829 | 0.03% | 11,415 | Common | SOLE |
| 281020107 | EIX | EDISON INTL COM | $36,900 | 0.02% | 36,900 | 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.