111 Capital

Quant stat arb Low signal CIK 2060412
League rank
#33
in Quant stat arb · #895 overall
Long book
$405.9M
Q1 2026
Positions
328
Top-10 weight
35%
concentration
Last quarter
+17.6%
SPY +14.8%
Turnover
65%
of book per quarter

Strategy in plain words

auto-generated from filings

111 Capital is a quantitative fund whose holdings reflect models, not opinions, running a $405.9M US long book across 328 positions.

The portfolio is moderately concentrated (top 10 ≈ 35% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, APPLE INC, ASTRAZENECA PLC, SS CONSUMER DISC SELECT SECT, MICROSOFT CORP.

Over the last 6 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 3 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-2.9%
Q1 2025
+10.7%
Q2 2025
+7.8%
Q3 2025
+2.7%
Q4 2025
-4.2%
Q1 2026
+17.6%

Sector allocation

Technology
41%
Healthcare
12%
Consumer discretionary
10%
Industrials
9%
Financials
7%
Services media
5%
Other
4%
Energy
3%

Long book by quarter

$476.3M
Q4 2024
$518.2M
Q1 2025
$581.6M
Q2 2025
$527.6M
Q3 2025
$458.4M
Q4 2025
$405.9M
Q1 2026

What does 111 Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology131.5K$22.9M5.6%-7.3%
AAPL APPLE INCTechnology77.7K$19.7M4.9%-7.1%
AZN ASTRAZENECA PLCHealthcare93.5K$18.2M4.5%New
MSFT MICROSOFT CORPTechnology43.1K$16.0M3.9%-1.5%
AMZN AMAZON.COM INCConsumer discretionary57.8K$12.0M3.0%+10.2%
GOOGL ALPHABET INC-CL ATechnology32.1K$9.2M2.3%-0.1%
META META PLATFORMS INC-CLASS ATechnology16.1K$9.2M2.3%+17.7%
AVGO BROADCOM INCTechnology27.4K$8.5M2.1%-5.7%
GOOG ALPHABET INC-CL CTechnology29.3K$8.4M2.1%+9.1%
TSLA TESLA INCIndustrials18.6K$6.9M1.7%-13.3%
MU MICRON TECHNOLOGY INCTechnology19.9K$6.7M1.7%-6.6%
WMT WALMART INCConsumer discretionary49.8K$6.2M1.5%+143.0%
NFLX NETFLIX INCServices media46.4K$4.5M1.1%-32.4%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology28.5K$4.2M1.0%+23.3%
COST COSTCO WHOLESALE CORPConsumer discretionary4.0K$3.9M1.0%-14.9%
AMD ADVANCED MICRO DEVICESTechnology15.5K$3.2M0.8%-7.4%
AMAT APPLIED MATERIALS INCTechnology9.0K$3.1M0.8%+20.5%
GILD GILEAD SCIENCES INCHealthcare19.7K$2.7M0.7%+15.1%
TMUS T-MOBILE US INCCommunications13.0K$2.7M0.7%-4.0%
CSCO CISCO SYSTEMS INCTechnology34.0K$2.6M0.7%-53.0%
LRCX LAM RESEARCH CORPIndustrials12.1K$2.6M0.6%+36.7%
LLY ELI LILLY & COHealthcare2.8K$2.6M0.6%+37.2%
AMGN AMGEN INCHealthcare7.1K$2.5M0.6%+39.7%
CCEP COCA-COLA EUROPACIFIC PARTNEConsumer staples25.5K$2.3M0.6%+14.9%
DBK DEUTSCHE BANK AG-REGISTERED79.2K$2.3M0.6%-23.8%
INTC INTEL CORPTechnology50.9K$2.2M0.6%+35.0%
ISRG INTUITIVE SURGICAL INCHealthcare4.8K$2.2M0.5%-15.5%
ADI ANALOG DEVICES INCTechnology6.7K$2.1M0.5%+51.6%
PEP PEPSICO INCConsumer staples13.1K$2.0M0.5%-50.8%
TXN TEXAS INSTRUMENTS INCTechnology10.3K$2.0M0.5%+87.1%
LIN LINDE PLCMaterials3.9K$1.9M0.5%-20.4%
KLAC KLA CORPOther1.3K$1.9M0.5%+13.5%
V VISA INC-CLASS A SHARESServices media5.9K$1.8M0.4%+9.1%
DVN DEVON ENERGY CORPEnergy34.5K$1.7M0.4%New
CTAS CINTAS CORPOther10.2K$1.7M0.4%+172.7%
JPM JPMORGAN CHASE & COFinancials5.8K$1.7M0.4%New
PM PHILIP MORRIS INTERNATIONALConsumer staples10.2K$1.7M0.4%New
ECL ECOLAB INCOther6.3K$1.7M0.4%+452.8%
VRTX VERTEX PHARMACEUTICALS INCHealthcare3.7K$1.7M0.4%+29.3%
ABBV ABBVIE INCHealthcare7.5K$1.6M0.4%+0.8%
UNH UNITEDHEALTH GROUP INCFinancials5.8K$1.6M0.4%+26.3%
SYY SYSCO CORPConsumer discretionary21.9K$1.6M0.4%+333.7%
CEG CONSTELLATION ENERGYUtilities5.3K$1.5M0.4%+85.3%
BKNG BOOKING HOLDINGS INCIndustrials351$1.5M0.4%-41.0%
GE GENERAL ELECTRICIndustrials5.2K$1.5M0.4%New
FDX FEDEX CORPIndustrials4.1K$1.5M0.4%+47.4%
ABT ABBOTT LABORATORIESHealthcare14.3K$1.5M0.4%+453.0%
MCD MCDONALD'S CORPConsumer discretionary4.7K$1.5M0.4%+86.5%
JNJ JOHNSON & JOHNSONHealthcare5.9K$1.5M0.4%-29.5%
XOM EXXON MOBIL CORPEnergy8.4K$1.4M0.4%-30.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 2026328$405.9M canonicalSEC ↗
Q4 202513F-HRFeb 11, 2026322$458.4M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025438$527.6M canonicalSEC ↗
Q2 202513F-HRJul 21, 2025497$581.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025445$518.2M canonicalSEC ↗
Q4 202413F-HRMar 18, 2025383$476.3M canonicalSEC ↗