Alphadyne Asset Management LP
Long book
$764.6M
Q1 2026
Positions
251
Top-10 weight
29%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
77%
of book per quarter
Strategy in plain words
auto-generated from filingsAlphadyne Asset Management LP is a diversified fundamental manager, running a $764.6M US long book across 251 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, CF INDUSTRIES HOLDINGS INC, ADOBE INC, TAIWAN SEMICONDUCTOR-SP ADR, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 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
+20.6%
Q2 2024
+2.7%
Q3 2024
+0.0%
Q4 2024
-13.2%
Q1 2025
-3.8%
Q2 2025
+14.6%
Q3 2025
+3.4%
Q4 2025
-5.5%
Q1 2026
+13.2%
Sector allocation
Technology 41%
Industrials 16%
Consumer discretionary 12%
Financials 9%
Other 8%
Healthcare 5%
Energy 3%
Services media 3%
Long book by quarter
What does Alphadyne Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 185.2K | $68.5M | 9.0% | +33.2% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 185.4K | $24.1M | 3.1% | +2240.0% |
| ADBE ADOBE INC | Technology | 80.8K | $19.6M | 2.6% | +16001.2% |
| GOOGL ALPHABET INC-CL A | Technology | 54.6K | $15.7M | 2.1% | -25.5% |
| META META PLATFORMS INC-CLASS A | Technology | 26.5K | $15.2M | 2.0% | +925.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 71.3K | $14.8M | 1.9% | +545.4% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 123.1K | $14.6M | 1.9% | New |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 146.2K | $14.4M | 1.9% | New |
| CRM SALESFORCE INC | Technology | 73.4K | $13.7M | 1.8% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 67.1K | $13.0M | 1.7% | +3394.1% |
| AAPL APPLE INC | Technology | 50.4K | $12.8M | 1.7% | New |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 22.6K | $11.8M | 1.5% | New |
| GS GOLDMAN SACHS GROUP INC | Financials | 13.8K | $11.6M | 1.5% | New |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 173.3K | $11.2M | 1.5% | New |
| RTX RTX CORP | Industrials | 57.3K | $11.1M | 1.4% | +40845.0% |
| MU MICRON TECHNOLOGY INC | Technology | 32.2K | $10.9M | 1.4% | New |
| DLTR DOLLAR TREE INC | Consumer discretionary | 98.9K | $10.8M | 1.4% | New |
| TSLA TESLA INC | Industrials | 27.3K | $10.1M | 1.3% | New |
| MPC MARATHON PETROLEUM CORP | Energy | 40.3K | $9.8M | 1.3% | +679.5% |
| DHR DANAHER CORP | Technology | 48.8K | $9.2M | 1.2% | New |
| NTR NUTRIEN LTD | Other | 119.8K | $9.0M | 1.2% | +961.7% |
| CME CME GROUP INC | Financials | 29.9K | $8.8M | 1.2% | New |
| BA BOEING CO/THE | Industrials | 41.1K | $8.2M | 1.1% | +1741.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 13.5K | $8.1M | 1.1% | +380.5% |
| NOW SERVICENOW INC | Technology | 70.1K | $7.3M | 1.0% | +296.3% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 18.3K | $7.2M | 0.9% | +15567.5% |
| NVDA NVIDIA CORP | Technology | 39.8K | $6.9M | 0.9% | New |
| WMT WALMART INC | Consumer discretionary | 55.5K | $6.9M | 0.9% | New |
| TOL TOLL BROTHERS INC | Industrials | 47.4K | $6.5M | 0.8% | +2694.5% |
| AXP AMERICAN EXPRESS CO | Financials | 21.3K | $6.4M | 0.8% | New |
| GILD GILEAD SCIENCES INC | Healthcare | 45.1K | $6.3M | 0.8% | New |
| NOC NORTHROP GRUMMAN CORP | Technology | 8.9K | $6.1M | 0.8% | New |
| NUE NUCOR CORP | Industrials | 36.0K | $6.1M | 0.8% | +5164.6% |
| ADI ANALOG DEVICES INC | Technology | 19.0K | $6.0M | 0.8% | +2430.4% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 82.3K | $6.0M | 0.8% | New |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 83.1K | $6.0M | 0.8% | New |
| TEAM ATLASSIAN CORP-CL A | Technology | 84.3K | $5.8M | 0.8% | New |
| SCCO SOUTHERN COPPER CORP | Materials | 32.3K | $5.6M | 0.7% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 7.9K | $5.5M | 0.7% | New |
| AMGN AMGEN INC | Healthcare | 15.1K | $5.3M | 0.7% | New |
| PBF PBF ENERGY INC-CLASS A | Energy | 110.0K | $5.2M | 0.7% | New |
| SBUX STARBUCKS CORP | Consumer discretionary | 56.9K | $5.1M | 0.7% | +4909.4% |
| STLD STEEL DYNAMICS INC | Industrials | 28.0K | $5.0M | 0.7% | +1232.0% |
| SNDK SANDISK CORP | Technology | 7.6K | $4.8M | 0.6% | New |
| NEM NEWMONT CORP | Materials | 43.6K | $4.7M | 0.6% | New |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 14.0K | $4.6M | 0.6% | New |
| AA ALCOA CORP | Industrials | 68.6K | $4.5M | 0.6% | -45.1% |
| WFC WELLS FARGO & CO | Financials | 50.9K | $4.1M | 0.5% | -90.7% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 20.5K | $4.0M | 0.5% | +3521.9% |
| HSY HERSHEY CO/THE | Consumer staples | 19.3K | $4.0M | 0.5% | +4451.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 876 | $5.76B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 863 | $4.28B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 306 | $1.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 166 | $549.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $1.21B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 21 | $632.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $672.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 29 | $579.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 23 | $353.0M | canonical | SEC ↗ |
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