Alden Global Capital LLC
Long book
$177.0M
Q1 2026
Positions
14
Top-10 weight
95%
concentration
Last quarter
+27.5%
SPY +14.8%
Turnover
43%
of book per quarter
Strategy in plain words
auto-generated from filingsAlden Global Capital LLC is a concentrated fundamental stock-picker, running a $177.0M US long book across 14 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: NVIDIA CORP, ENERGY TRANSFER LP, DELL TECHNOLOGIES -C, CITIGROUP INC, ORACLE CORP.
Over the last 9 quarters its long book ran on average 1.7pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+5.6%
Q3 2024
-2.7%
Q4 2024
+7.8%
Q1 2025
+10.4%
Q2 2025
+13.8%
Q3 2025
-1.4%
Q4 2025
-2.1%
Q1 2026
+27.5%
Sector allocation
Technology 49%
Utilities 24%
Financials 12%
Consumer discretionary 8%
Services media 6%
Long book by quarter
What does Alden Global own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 201.6K | $35.2M | 19.9% | +34.2% |
| ET ENERGY TRANSFER LP | Utilities | 1.4M | $26.5M | 14.9% | Held |
| DELL DELL TECHNOLOGIES -C | Technology | 157.6K | $25.9M | 14.6% | +125.5% |
| C CITIGROUP INC | Financials | 170.6K | $19.3M | 10.9% | -16.2% |
| ORCL ORACLE CORP | Technology | 91.4K | $13.4M | 7.6% | +33.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 63.2K | $13.2M | 7.4% | +182.2% |
| VST VISTRA CORP | Utilities | 76.8K | $11.5M | 6.5% | +1.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 139.1K | $10.0M | 5.7% | +177.4% |
| NBIS NEBIUS GROUP NV | Technology | 16.8K | $1.7M | 1.0% | New |
| XZO EXZEO GROUP INC | Technology | 98.0K | $1.4M | 0.8% | -20.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 14 | $177.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 20 | $212.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 13 | $171.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 20 | $162.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $93.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 23 | $102.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 24 | $92.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 19 | $120.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 20 | $136.6M | canonical | SEC ↗ |
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