Atika Capital Management LLC

Fundamental diversified ★Signal CIK 1599731
League rank
#250
in Fundamental diversified · #1078 overall
Long book
$633.6M
Q1 2026
Positions
52
Top-10 weight
57%
concentration
Last quarter
+16.7%
SPY +14.8%
Turnover
51%
of book per quarter

Strategy in plain words

auto-generated from filings

Atika Capital Management LLC is a diversified fundamental manager, running a $633.6M US long book across 52 positions.

The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VERTIV HOLDINGS CO-A, ELI LILLY & CO, INTUITIVE SURGICAL INC, ECHOSTAR CORP-A, SEAGATE TECHNOLOGY HOLDINGS.

Over the last 9 quarters its long book ran on average 1.1pp 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
+0.8%
Q2 2024
+6.5%
Q3 2024
-0.7%
Q4 2024
-11.5%
Q1 2025
+24.4%
Q2 2025
+6.9%
Q3 2025
+1.6%
Q4 2025
+5.8%
Q1 2026
+16.7%

Sector allocation

Technology
42%
Healthcare
24%
Industrials
12%
Consumer discretionary
6%
Other
6%
Services media
4%
Communications
4%
Utilities
2%

Long book by quarter

$891.5M
Q1 2024
$862.5M
Q2 2024
$935.1M
Q3 2024
$772.3M
Q4 2024
$651.3M
Q1 2025
$957.3M
Q2 2025
$1.17B
Q3 2025
$718.1M
Q4 2025
$633.6M
Q1 2026

What does Atika Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VRT VERTIV HOLDINGS CO-ATechnology666.1K$166.9M26.3%+4.7%
LLY ELI LILLY & COHealthcare41.1K$37.8M6.0%Held
ISRG INTUITIVE SURGICAL INCHealthcare57.2K$26.4M4.2%Held
ECHO ECHOSTAR CORP-ACommunications182.0K$21.3M3.4%+45.8%
STXN SEAGATE TECHNOLOGY HOLDINGS53.5K$21.0M3.3%+3.1%
MTZ MASTEC INCIndustrials57.6K$18.5M2.9%+2.9%
NFLX NETFLIX INCServices media180.0K$17.3M2.7%Held
CIEN CIENA CORPTechnology43.7K$16.9M2.7%-27.2%
BWXT BWX TECHNOLOGIES INCIndustrials82.5K$16.9M2.7%-24.2%
430 TERNS PHARMACEUTICALS INC300.0K$15.8M2.5%-6.6%
NET CLOUDFLARE INC - CLASS ATechnology65.0K$13.4M2.1%+18.4%
GOOG ALPHABET INC-CL CTechnology43.3K$12.4M2.0%+2.5%
COGT COGENT BIOSCIENCES INCHealthcare293.2K$11.3M1.8%-42.1%
ORKA ORUKA THERAPEUTICS INCHealthcare229.9K$11.3M1.8%New
DNTH DIANTHUS THERAPEUTICS INCHealthcare128.8K$10.8M1.7%-4.3%
WDC WESTERN DIGITAL CORPTechnology37.7K$10.2M1.6%New
AMZN AMAZON.COM INCConsumer discretionary43.7K$9.1M1.4%-45.4%
TTMI TTM TECHNOLOGIESTechnology93.0K$9.1M1.4%-8.4%
FIVE FIVE BELOWConsumer discretionary39.5K$9.0M1.4%-29.8%
CW CURTISS-WRIGHT CORPIndustrials13.0K$8.9M1.4%+31.6%
GH GUARDANT HEALTH INCHealthcare91.0K$8.4M1.3%-15.7%
MELI MERCADOLIBRE INCServices media4.5K$7.8M1.2%-24.2%
APPF APPFOLIO INC - ATechnology47.5K$7.5M1.2%+6.7%
UTHR UNITED THERAPEUTICS CORPHealthcare12.3K$7.3M1.2%New
KRMN KARMAN HOLDINGS INCIndustrials90.5K$7.2M1.1%New
FERG FERGUSON ENTERPRISES INCConsumer discretionary29.3K$6.8M1.1%Held
PTGX PROTAGONIST THERAPEUTICS INCHealthcare62.1K$6.5M1.0%-27.8%
CLH CLEAN HARBORS INCUtilities21.9K$6.3M1.0%+628.5%
TLN TALEN ENERGY CORPUtilities18.5K$5.9M0.9%-56.1%
IMNM IMMUNOME INCHealthcare262.9K$5.7M0.9%-21.4%
META META PLATFORMS INC-CLASS ATechnology10.0K$5.7M0.9%New
RKLB ROCKET LAB CORPIndustrials86.0K$5.5M0.9%+38.5%
HEI HEICO CORPIndustrials19.3K$5.3M0.8%-26.7%
QXO QXO INCConsumer discretionary264.3K$5.1M0.8%-37.1%
SITM SITIME CORPTechnology14.8K$5.1M0.8%New
GE GENERAL ELECTRICIndustrials15.5K$4.4M0.7%-40.2%
REAL REALREAL INC/THEConsumer discretionary451.1K$4.1M0.6%-20.2%
LASR NLIGHT INCTechnology66.0K$3.8M0.6%New
XENE XENON PHARMACEUTICALS INCHealthcare59.9K$3.5M0.5%-35.2%
TBBB BBB FOODS INC-CLASS AConsumer discretionary95.2K$3.4M0.5%-33.1%
MAZE MAZE THERAPEUTICS INCHealthcare111.5K$3.3M0.5%New
ACHC ACADIA HEALTHCARE CO INCHealthcare122.6K$2.9M0.5%New
WRBY WARBY PARKER INC-CLASS AHealthcare135.0K$2.8M0.4%-45.8%
KRYS KRYSTAL BIOTECH INCHealthcare10.6K$2.7M0.4%New
BBIO BRIDGEBIO PHARMA INCHealthcare35.2K$2.6M0.4%New
HUT HUT 8 CORPFinancials49.3K$2.3M0.4%New
HEI/A HEICO CORP-CLASS AIndustrials10.6K$2.2M0.4%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026180$796.4M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026231$949.8M canonicalSEC ↗
Q3 202513F-HRNov 13, 2025258$1.24B canonicalSEC ↗
Q2 202513F-HRAug 13, 2025189$1000.0M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025186$711.1M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025252$941.4M canonicalSEC ↗
Q3 202413F-HRNov 13, 2024252$975.4M canonicalSEC ↗
Q2 202413F-HRAug 13, 2024273$1.02B canonicalSEC ↗
Q1 202413F-HRMay 14, 2024264$1.02B canonicalSEC ↗