VALUEWORKS LLC

Fundamental concentrated ★Highest signal CIK 1282189
League rank
#273
in Fundamental concentrated · #505 overall
Long book
$366.9M
Q1 2026
Positions
35
Top-10 weight
53%
concentration
Last quarter
+21.1%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

VALUEWORKS LLC is a concentrated fundamental stock-picker, running a $366.9M US long book across 35 positions.

The portfolio is concentrated: the top 10 names carry 53% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: TIDEWATER INC, CHORD ENERGY CORP, VALARIS LTD, MESABI TRUST, JOBY AVIATION INC.

Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
-4.8%
Q3 2024
+1.4%
Q4 2024
-7.4%
Q1 2025
+7.6%
Q2 2025
+16.4%
Q3 2025
+5.7%
Q4 2025
+7.9%
Q1 2026
+21.1%

Sector allocation

Industrials
31%
Energy
18%
Technology
16%
Financials
10%
Consumer discretionary
8%
Real estate
6%
Communications
4%
Services media
3%

Long book by quarter

$307.8M
Q1 2024
$321.8M
Q2 2024
$314.1M
Q3 2024
$300.4M
Q4 2024
$265.2M
Q1 2025
$303.8M
Q2 2025
$343.6M
Q3 2025
$379.9M
Q4 2025
$366.9M
Q1 2026

What does VALUEWORKS LLC own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
TDW TIDEWATER INCIndustrials317.6K$26.5M7.2%-0.3%
CHRD CHORD ENERGY CORPEnergy166.6K$23.7M6.5%-0.5%
VAL VALARIS LTDEnergy219.1K$21.5M5.9%-53.7%
JOBY JOBY AVIATION INCIndustrials2.4M$19.7M5.4%-0.6%
RIVN RIVIAN AUTOMOTIVE INC-AIndustrials1.2M$18.5M5.0%-0.1%
MLP MAUI LAND & PINEAPPLE COReal estate1.2M$18.4M5.0%-0.4%
INTC INTEL CORPTechnology358.5K$15.8M4.3%New
JEF JEFFERIES FINANCIAL GROUP INFinancials368.0K$15.2M4.1%+46.5%
UNFI UNITED NATURAL FOODS INCConsumer discretionary307.1K$13.8M3.8%-20.0%
MU MICRON TECHNOLOGY INCTechnology38.6K$13.0M3.6%-60.1%
HY HYSTER-YALE INCIndustrials395.4K$12.9M3.5%-1.0%
YOU CLEAR SECURE INC -CLASS ATechnology243.3K$11.8M3.2%-0.3%
MBI MBIA INCFinancials1.9M$11.4M3.1%-6.3%
AMZN AMAZON.COM INCConsumer discretionary54.5K$11.3M3.1%+3.4%
BA BOEING CO/THEIndustrials50.9K$10.1M2.8%+12.8%
VSNT VERSANT MEDIA GROUP INCCommunications265.1K$9.8M2.7%New
CART MAPLEBEAR INCServices media249.2K$9.3M2.5%+8.9%
SBLK STAR BULK CARRIERS CORPIndustrials354.9K$8.2M2.2%-1.0%
QCOM QUALCOMM INCTechnology59.0K$7.6M2.1%+3.0%
CRGY CRESCENT ENERGY INC-AEnergy490.1K$6.6M1.8%Held
GNW GENWORTH FINANCIAL INCFinancials708.9K$5.8M1.6%-0.1%
NYT NEW YORK TIMES CO-AOther68.5K$5.7M1.6%-19.6%
NE NOBLE CORP PLCEnergy115.3K$5.7M1.5%-14.8%
CMCSA COMCAST CORP-CLASS ACommunications136.4K$3.9M1.1%-2.1%
AMGN AMGEN INCHealthcare10.7K$3.8M1.0%-1.2%
AAPL APPLE INCTechnology14.3K$3.6M1.0%-2.4%
GLW CORNING INCIndustrials18.0K$2.4M0.7%-58.9%
LNG CHENIERE ENERGY INCUtilities7.6K$2.2M0.6%-58.4%
EQT EQT CORPEnergy19.9K$1.3M0.3%-12.3%
CQP CHENIERE ENERGY PARTNERS LPUtilities3.3K$210K0.1%-31.6%
TUSK MAMMOTH ENERGY SERVICES INCEnergy10.7K$26K0.0%-16.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202635$366.9M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202635$379.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 202534$343.6M canonicalSEC ↗
Q2 202513F-HRAug 12, 202534$303.8M canonicalSEC ↗
Q1 202513F-HRMay 14, 202533$265.2M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202534$300.4M canonicalSEC ↗
Q3 202413F-HRNov 14, 202434$314.1M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 12, 202433$321.8M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 13, 202433$307.8M $K fixed canonicalSEC ↗