Aequim Alternative Investments LP

Fundamental concentrated ★Highest signal CIK 1728201
Long book
$1.19B
Q1 2026
Positions
52
Top-10 weight
76%
concentration
Last quarter
+17.1%
SPY +14.8%
Turnover
41%
of book per quarter

Strategy in plain words

auto-generated from filings

Aequim Alternative Investments LP is a concentrated fundamental stock-picker, running a $1.19B US long book across 52 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: HP ENTERPRISE CO, BRUKER CORP, ORACLE CORP, PG&E CORP, ALBEMARLE CORP.

Over the last 9 quarters its long book ran on average 0.1pp 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
-6.5%
Q2 2024
+1.3%
Q3 2024
+18.0%
Q4 2024
+3.4%
Q1 2025
+10.3%
Q2 2025
+2.2%
Q3 2025
+3.2%
Q4 2025
-7.6%
Q1 2026
+17.1%

Sector allocation

Technology
26%
Other
23%
Utilities
19%
Healthcare
13%
Materials
8%
Communications
3%
Services media
2%
Industrials
2%

Long book by quarter

$1.31B
Q1 2024
$1.22B
Q2 2024
$1.11B
Q3 2024
$1.15B
Q4 2024
$608.3M
Q1 2025
$712.6M
Q2 2025
$1.24B
Q3 2025
$842.1M
Q4 2025
$1.19B
Q1 2026

What does Aequim Alternative own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
HPE 7.625 09/01/27 HP ENTERPRISE CO3.5M$225.8M19.1%+7.0%
BRKR BRUKER CORPHealthcare500.0K$144.1M12.2%+33.7%
ORCL ORACLE CORPTechnology2.3M$103.3M8.7%New
PCG PG&E CORPUtilities2.2M$94.6M8.0%+10.0%
ALB ALBEMARLE CORPMaterials1.3M$93.4M7.9%New
MCHP MICROCHIP TECHNOLOGY INCTechnology1.1M$59.8M5.0%New
NEE NEXTERA ENERGY INCUtilities1.1M$55.8M4.7%New
NOVT NOVANTA INCTechnology1.0M$53.6M4.5%+42.9%
NEE NEXTERA ENERGY INCUtilities725.0K$40.6M3.4%Held
WHR 8.5 02/15/29 A WHIRLPOOL CORP600.0K$24.6M2.1%New
PPL PPL CORPORATIONUtilities400.0K$20.5M1.7%New
EA ELECTRONIC ARTS INCTechnology99.4K$20.3M1.7%+43.2%
MKSI MKS INCTechnology84.3K$19.4M1.6%+198.9%
COIN COINBASE GLOBAL INC -CLASS AFinancials99.8K$17.4M1.5%+17.3%
FLR FLUOR CORPIndustrials352.7K$16.5M1.4%Held
CRWV COREWEAVE INC-CL ATechnology208.7K$16.2M1.4%+155.6%
FOX FOX CORP - CLASS BCommunications258.5K$13.7M1.2%Held
CAKE CHEESECAKE FACTORY INC/THEConsumer discretionary243.9K$13.4M1.1%Held
NTNX NUTANIX INC - ATechnology319.8K$12.2M1.0%+50.1%
WBD WARNER BROS DISCOVERY INCCommunications440.0K$12.1M1.0%New
PANW PALO ALTO NETWORKS INCTechnology70.7K$11.3M1.0%New
VSEC VSE CORPServices media200.0K$10.1M0.8%New
EPR EPR PROPERTIESReal estate440.0K$9.9M0.8%Held
SO SOUTHERN CO/THEUtilities95.4K$9.2M0.8%+275.8%
SIRI SIRIUS XM HOLDINGS INCCommunications393.1K$9.1M0.8%+34.1%
ETSY ETSY INCServices media152.1K$7.6M0.6%+465.2%
NWSA NEWS CORP - CLASS AOther242.9K$6.1M0.5%Held
ORA ORMAT TECHNOLOGIES INCUtilities52.9K$5.9M0.5%New
BAC 7.25 PERP L BANK OF AMERICA CORP4.3K$5.1M0.4%New
PSN PARSONS CORPTechnology77.4K$4.2M0.4%Held
FOUR SHIFT4 PAYMENTS INCServices media70.0K$3.8M0.3%New
KVUE KENVUE INCOther200.0K$3.4M0.3%New
HAE HAEMONETICS CORP/MASSHealthcare51.2K$2.9M0.2%New
WK WORKIVA INCTechnology44.8K$2.7M0.2%Held
EPR EPR PROPERTIESReal estate71.7K$2.2M0.2%Held
SLAB SILICON LABORATORIES INCTechnology10.0K$2.1M0.2%New
HO1 HOLOGIC INC26.7K$2.0M0.2%New
NWL NEWELL BRANDS INCOther540.0K$1.9M0.2%Held
ODD ODDITY TECH LTD-CL AOther127.5K$1.7M0.1%Held
CLF CLEVELAND-CLIFFS INCMaterials200.0K$1.7M0.1%Held
RPAY REPAY HOLDINGS CORPServices media578.5K$1.5M0.1%Held
ADNT ADIENT PLCIndustrials70.0K$1.4M0.1%Held
BAX BAXTER INTERNATIONAL INCHealthcare60.0K$1.0M0.1%Held
OMF ONEMAIN HOLDINGS INCFinancials8.4K$451K0.0%Held
LPSN LIVEPERSON INCTechnology121.2K$309K0.0%Held
OI O-I GLASS INCIndustrials20.0K$210K0.0%Held
GT GOODYEAR TIRE & RUBBER COOther30.0K$199K0.0%Held
DCH DAUCH CORPORATIONIndustrials3.6K$21K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026102$5.16B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026103$5.06B canonicalSEC ↗
Q3 202513F-HRNov 14, 202595$4.51B canonicalSEC ↗
Q2 202513F-HRAug 1, 202596$3.07B canonicalSEC ↗
Q1 202513F-HRMay 13, 202592$2.53B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202597$3.12B canonicalSEC ↗
Q3 202413F-HRNov 15, 2024102$2.86B canonicalSEC ↗
Q2 202413F-HRAug 12, 2024101$2.75B canonicalSEC ↗
Q1 202413F-HRMay 13, 2024101$2.69B canonicalSEC ↗