FOUR

Shift4 Payments Inc-class A

2 super-investor ownerscombined $271Mlargest position 2.8%

1 NEW1 EXIT

2 super-investors hold FOUR worth a combined $271M. The largest position: Henry Ellenbogen at 2.8% of their portfolio. This quarter the cohort logged 1 buy and 1 sell on the name. Cohort Conviction Score: 22 — ranked #609 of 724 scored stocks.

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Why super-investors own FOUR

Henry Ellenbogen dominates the cohort's exposure here, holding $270M worth of FOUR at 2.8% of his portfolio — effectively the entire $271M combined position. In 2026Q1, Bill Miller initiated a token $1M stake, but the more notable move was Dennis Hong exiting entirely, continuing a slow erosion that has taken the cohort from three owners to two over the past several quarters. Ownership has been range-bound at two holders for six consecutive quarters, suggesting neither broad enthusiasm nor outright abandonment. This remains, in practice, an Ellenbogen-driven conviction call, with Miller's entry adding little structural weight to a thesis that has seen no cohort-wide accumulation.

AI-synthesized from 13F filings. Not investment advice.