Managers / Q1 2026
MILFAM LLCNEW FILER
CIK 0001728825 · 2336 SE OCEAN BLVD., 400, STUART, FL, 34996 · 561-287-5399
Summary
Milfam LLC reported $102M in U.S.-listed holdings across 8 positions for Q1 2026.
The portfolio is heavily concentrated: KK0 alone accounts for 39.4% of reported value.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 78.7% · $81M
- Other · 21.3% · $22M
- Closed-End Fund · 0.0% · $26
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KK0NEXTNAV INC | NEW | +2.52M | 2.52M | +$40M | $40M |
| PCGPG&E CORP | NEW | +1.64M | 1.64M | +$29M | $29M |
| SCULLY ROYALTY LTD | NEW | +1.99M | 1.99M | +$16M | $16M |
| OPTUOPTIMUM COMMUNICATIONS INC | NEW | +8.77M | 8.77M | +$11M | $11M |
| PG&E CORP | NEW | +13.5K | 13.5K | +$3M | $3M |
| SEADRILL LTD | NEW | +40.0K | 40.0K | +$2M | $2M |
| NEXTNAV INC | NEW | +250.0K | 250.0K | +$1M | $1M |
| BLACKSTONE SENI FLTN RAT 202 | NEW | +2 | 2 | +$26 | $26 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | KK0NEXTNAV INC | COMMON STOCK · *W EXP 99/99/999 | 40.76% | $42M | 2.77M |
| 2 | PCGPG&E CORPhistory → | COM | 28.21% | $29M | 1.64M |
| 3 | SCULLY ROYALTY LTD | COM SHS | 15.18% | $16M | 1.99M |
| 4 | OPTUOPTIMUM COMMUNICATIONS INChistory → | CL A | 11.14% | $11M | 8.77M |
| 5 | SEADRILL LTD | COM | 1.78% | $2M | 40.0K |
| 6 | BLACKSTONE SENI FLTN RAT 202 | COM | 0.00% | $26 | 2 |
Filing History
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- NORTHERN TRUST CO028-10495
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.