Athos Capital Ltd
Long book
$324.3M
Q1 2026
Positions
44
Top-10 weight
75%
concentration
Last quarter
+4.0%
SPY +14.8%
Turnover
37%
of book per quarter
Strategy in plain words
auto-generated from filingsAthos Capital Ltd is a concentrated fundamental stock-picker, running a $324.3M US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: WARNER BROS DISCOVERY INC, HELLO GROUP INC -SPN ADR, KE HOLDINGS INC-ADR, KENVUE INC, VIPSHOP HOLDINGS LTD - ADR.
Over the last 9 quarters its long book ran on average 4.2pp per quarter behind the S&P 500, beating the index in 2 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
-2.5%
Q2 2024
+1.5%
Q3 2024
+1.2%
Q4 2024
+1.5%
Q1 2025
+8.4%
Q2 2025
-1.3%
Q3 2025
-6.0%
Q4 2025
-4.3%
Q1 2026
+4.0%
Sector allocation
Other 33%
Communications 30%
Industrials 12%
Financials 10%
Utilities 6%
Technology 5%
Healthcare 5%
Long book by quarter
What does Athos Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WBD WARNER BROS DISCOVERY INC | Communications | 1.7M | $47.9M | 14.8% | New |
| KVUE KENVUE INC | Other | 1.7M | $30.1M | 9.3% | -49.5% |
| HO1 HOLOGIC INC | — | 196.9K | $14.9M | 4.6% | +15.8% |
| GTLS CHART INDUSTRIES INC | Industrials | 65.3K | $13.5M | 4.2% | +16.4% |
| WBS WEBSTER FINANCIAL CORP | Financials | 150.0K | $10.4M | 3.2% | New |
| AM6 AMICUS THERAPEUTICS INC | — | 695.5K | $10.1M | 3.1% | +15.9% |
| LBRDK LIBERTY BROADBAND-C | Communications | 189.7K | $9.5M | 2.9% | +16.0% |
| TXNM TXNM ENERGY INC | Utilities | 160.2K | $9.4M | 2.9% | +16.0% |
| EA ELECTRONIC ARTS INC | Technology | 42.2K | $8.6M | 2.7% | New |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 130.0K | $7.8M | 2.4% | New |
| ACLXGBX ARCELLX INC | — | 64.9K | $7.5M | 2.3% | New |
| NSC NORFOLK SOUTHERN CORP | Industrials | 22.5K | $6.5M | 2.0% | +16.1% |
| PEN PENUMBRA INC | Healthcare | 11.2K | $3.7M | 1.1% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 36.9K | $3.6M | 1.1% | New |
| MMYT MAKEMYTRIP LTD | Industrials | 92.3K | $3.4M | 1.1% | New |
| RNW RENEW ENERGY GLOBAL PLC-A | Utilities | 329.8K | $1.5M | 0.5% | -35.0% |
| RNA ATRIUM THERAPEUTICS INC | Healthcare | 108.0K | $1.4M | 0.4% | New |
| SLAB SILICON LABORATORIES INC | Technology | 6.2K | $1.3M | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 44 | $324.3M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 37 | $260.9M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 32 | $159.6M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 37 | $66.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 43 | $84.1M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 39 | $221.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 40 | $311.1M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 40 | $188.3M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 43 | $93.5M | $K fixed canonical | SEC ↗ |
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