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Incision Capital Management LP: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 2049997) · Explore on the interactive board

Incision Capital Management LP disclosed 5 US equity positions worth $103.2m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is SE at 30.2% of the reported book, followed by CROX, TECK. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 4 equal-weight positions. Versus the prior filing it opened 1 new position, added to 1, reduced 3 and exited 0. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$103.2mreported US equity book
5positions
30.2%largest position
100.0%top 10 weight
4.5effective positions (1/HHI)
2quarters on file since Q1 2026

What does Incision Capital Management LP own? Top holdings as of June 30, 2026

Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 1 new, 1 added, 3 reduced, 0 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 SE SEA LTD-ADR Consumer Cyclical 30.2%$31.1m325,000 5% added
2 CROX CROCS INC Consumer Cyclical 24.5%$25.3m210,000 -40% reduced
3 TECK TECK RESOURCES LTD-CL B Basic Materials 18.7%$19.3m325,000 -13% reduced
4 EGO ELDORADO GOLD CORP Basic Materials 15.1%$15.5m500,000 new
5 EXE EXPAND ENERGY CORPORATION Energy 11.5%$11.9m130,000 -13% reduced

Sector mix

SectorWeight
Consumer Cyclical54.7%
Basic Materials33.8%
Energy11.5%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 20265$103.2m
Q1 20264$90.6m

How concentrated is Incision Capital Management LP's portfolio?

Across every quarter Incision Capital Management LP has filed, its median largest position is 31.1% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%).