Arena Capital Advisors, LLC- CA

Fundamental concentrated ★Highest signal CIK 1833078
Long book
$21.4M
Q1 2026
Positions
13
Top-10 weight
100%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
47%
of book per quarter

Strategy in plain words

auto-generated from filings

Arena Capital Advisors, LLC- CA is a concentrated fundamental stock-picker, running a $21.4M US long book across 13 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: UNITI GROUP INC, PLANET LABS PBC, ISHARES 1-3 YEAR TREASURY BO, VANGUARD SHORT-TERM TREASURY, HERBALIFE LTD.

Over the last 9 quarters its long book ran on average 6.8pp per quarter ahead of the S&P 500, beating the index in 6 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
+10.4%
Q2 2024
+15.0%
Q3 2024
-3.4%
Q4 2024
+1.3%
Q1 2025
+26.3%
Q2 2025
-11.1%
Q3 2025
+20.4%
Q4 2025
+28.0%
Q1 2026
+14.6%

Sector allocation

Communications
60%
Technology
28%
Consumer discretionary
6%
Industrials
5%
Financials
2%

Long book by quarter

$63.4M
Q1 2024
$87.4M
Q2 2024
$91.8M
Q3 2024
$84.1M
Q4 2024
$64.5M
Q1 2025
$69.2M
Q2 2025
$47.4M
Q3 2025
$14.4M
Q4 2025
$21.4M
Q1 2026

What does Arena Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
UNIT UNITI GROUP INCCommunications1.0M$9.6M44.8%-12.8%
PL PLANET LABS PBCTechnology154.4K$4.3M20.2%Held
HLF HERBALIFE LTDConsumer discretionary70.9K$1.0M4.9%Held
VATE INNOVATE CORPIndustrials127.9K$727K3.4%Held
APO APOLLO GLOBAL MANAGEMENT INCFinancials2.5K$279K1.3%New
TBLA TABOOLA.COM LTDTechnology52.0K$161K0.8%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 202621$199.7M canonicalSEC ↗
Q4 202513F-HRFeb 4, 202619$165.3M canonicalSEC ↗
Q3 202513F-HRNov 13, 202525$240.6M canonicalSEC ↗
Q2 202513F-HRAug 13, 202519$69.2M canonicalSEC ↗
Q1 202513F-HRMay 1, 202516$64.5M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202529$84.1M canonicalSEC ↗
Q3 202413F-HRNov 12, 202431$91.8M canonicalSEC ↗
Q2 202413F-HRAug 6, 202437$87.4M canonicalSEC ↗
Q1 202413F-HRMay 8, 202438$63.4M canonicalSEC ↗