Aristides Capital LLC

Quant stat arb Low signal CIK 1595521
League rank
#130
in Quant stat arb · #5226 overall
Long book
$301.6M
Q1 2026
Positions
154
Top-10 weight
38%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
55%
of book per quarter

Strategy in plain words

auto-generated from filings

Aristides Capital LLC is a quantitative fund whose holdings reflect models, not opinions, running a $301.6M US long book across 154 positions.

The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ALPHABET INC-CL A, ITURAN LOCATION AND CONTROL, INVESCO QQQ TRUST SERIES 1, ISHARES BITCOIN TRUST ETF.

Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 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
Q1 2024
-0.6%
Q2 2024
+9.6%
Q3 2024
+9.2%
Q4 2024
-5.3%
Q1 2025
+12.8%
Q2 2025
+7.8%
Q3 2025
+0.4%
Q4 2025
-1.7%
Q1 2026
+9.9%

Sector allocation

Technology
22%
Industrials
17%
Other
13%
Consumer discretionary
11%
Services media
10%
Materials
6%
Consumer staples
5%
Healthcare
5%

Long book by quarter

$236.1M
Q1 2024
$478.3M
Q2 2024
$240.9M
Q3 2024
$320.0M
Q4 2024
$269.1M
Q1 2025
$313.9M
Q2 2025
$339.2M
Q3 2025
$288.2M
Q4 2025
$301.6M
Q1 2026

What does Aristides Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology45.9K$13.2M4.4%-13.6%
ITRN ITURAN LOCATION AND CONTROLConsumer discretionary264.8K$13.0M4.3%-6.6%
DAL DELTA AIR LINES INCIndustrials143.4K$9.5M3.2%+14.4%
TPB TURNING POINT BRANDS INCConsumer staples103.2K$9.0M3.0%+19.9%
BKUTK BANK UTICA N Y13.5K$8.1M2.7%-3.0%
PAAS PAN AMERICAN SILVER CORPMaterials142.1K$7.8M2.6%New
MSFT MICROSOFT CORPTechnology20.3K$7.5M2.5%+14.4%
CRC CALIFORNIA RESOURCES CORPEnergy92.8K$6.4M2.1%-43.6%
BKNG BOOKING HOLDINGS INCIndustrials37.1K$6.2M2.1%+5657.0%
JOUT JOHNSON OUTDOORS INC-AOther129.8K$6.0M2.0%+14.9%
ACN ACCENTURE PLC-CL AServices media30.3K$6.0M2.0%+15.3%
CRI CARTER'S INCOther163.9K$5.9M1.9%+123.3%
EVTC EVERTEC INCTechnology186.2K$5.3M1.7%+38.7%
ETON ETON PHARMACEUTICALS INCHealthcare186.0K$4.6M1.5%+15.2%
MPTI M-TRON INDUSTRIES INCTechnology65.7K$4.4M1.5%+21.5%
RCKY ROCKY BRANDS INCOther112.7K$4.4M1.4%+264.6%
ITIC INVESTORS TITLE COFinancials19.0K$4.1M1.4%+13.6%
TOST TOAST INC-CLASS ATechnology145.0K$3.8M1.3%New
ACIW ACI WORLDWIDE INCTechnology86.5K$3.5M1.2%+92.7%
HD HOME DEPOT INCConsumer discretionary10.7K$3.5M1.2%+15.5%
SSD SIMPSON MANUFACTURING CO INCIndustrials20.3K$3.5M1.2%+176.6%
AKAM AKAMAI TECHNOLOGIES INCServices media28.2K$3.2M1.1%-33.3%
IRMD IRADIMED CORPHealthcare30.1K$2.9M1.0%+8.5%
CCJ CAMECO CORPMaterials26.4K$2.9M0.9%+9.8%
MAMA MAMA'S CREATIONS INCConsumer staples185.5K$2.8M0.9%-14.9%
V VISA INC-CLASS A SHARESServices media9.2K$2.8M0.9%+12.3%
EQT EQT CORPEnergy42.8K$2.7M0.9%+15.5%
SSNC SS&C TECHNOLOGIES HOLDINGSTechnology39.8K$2.7M0.9%+82.9%
AVNW AVIAT NETWORKS INCTechnology114.7K$2.6M0.9%+9.6%
ABNB AIRBNB INC-CLASS AServices media20.5K$2.6M0.9%+13.9%
HCKT HACKETT GROUP INC/THEServices media197.3K$2.6M0.9%+14.5%
NL NLI HOLDINGS INCMaterials417.0K$2.4M0.8%Held
BKUT BANK UTICA/NY3.5K$2.4M0.8%-1.3%
YUM YUM! BRANDS INCConsumer discretionary15.3K$2.4M0.8%+35.7%
NVR NVR INCIndustrials335$2.2M0.7%+62.6%
COHR COHERENT CORPOther9.3K$2.2M0.7%New
AMZN AMAZON.COM INCConsumer discretionary10.0K$2.1M0.7%New
BWXT BWX TECHNOLOGIES INCIndustrials10.0K$2.1M0.7%+7.5%
LYTS LSI INDUSTRIES INCIndustrials103.2K$1.9M0.6%+96.6%
TTC TORO COIndustrials20.0K$1.9M0.6%+50.0%
BLKB BLACKBAUD INCTechnology48.2K$1.9M0.6%+63.5%
AB ALLIANCEBERNSTEIN HOLDING LPFinancials48.8K$1.8M0.6%+14.2%
BKTI BK TECHNOLOGIES CORPTechnology23.9K$1.8M0.6%+433.4%
VST VISTRA CORPUtilities11.2K$1.7M0.6%New
AGM/A FEDERAL AGRIC MTG CORP-CL AFinancials14.1K$1.7M0.6%Held
NATR NATURES SUNSHINE PRODS INCHealthcare61.2K$1.5M0.5%+49.6%
G GENPACT LTDServices media37.2K$1.4M0.5%-49.9%
BBCP CONCRETE PUMPING HOLDINGS INIndustrials188.5K$1.3M0.4%+89.6%
FSBW FS BANCORP INCFinancials34.4K$1.3M0.4%+4.2%
EXP EAGLE MATERIALS INCIndustrials6.6K$1.3M0.4%+13.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026171$461.9M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTFeb 26, 2026273$565.4M canonicalSEC ↗
Q4 202513F-HRFeb 12, 2026273$565.1M SEC ↗
Q3 202513F-HRNov 13, 2025237$693.5M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025220$502.9M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025218$338.9M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025303$488.2M canonicalSEC ↗
Q3 202413F-HRNov 14, 2024238$322.2M canonicalSEC ↗
Q2 202413F-HR/ANEW HOLDINGSAug 23, 2024263$354.1M canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTAug 14, 2024261$353.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 2024261$353.5M SEC ↗
Q1 202413F-HRMay 15, 2024260$272.1M canonicalSEC ↗