AXON ENTERPRISE, INC.

Fundamental diversified ★Signal technology specialist (100%) CIK 1069183
Long book
$18.1M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+13.6%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

AXON ENTERPRISE, INC. is a diversified fundamental manager, specialised in technology (100% of the long book), running a $18.1M US long book across 1 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CELLEBRITE DI LTD.

Over the last 6 quarters its long book ran on average 9pp per quarter behind the S&P 500, beating the index in 1 of 6 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
Q4 2024
-11.8%
Q1 2025
-17.7%
Q2 2025
+15.8%
Q3 2025
-2.7%
Q4 2025
-23.6%
Q1 2026
+13.6%

Sector allocation

Technology
100%

Long book by quarter

$198.3M
Q4 2024
$174.9M
Q1 2025
$144.0M
Q2 2025
$68.2M
Q3 2025
$27.2M
Q4 2025
$18.1M
Q1 2026

What does AXON ENTERPRISE, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CLBT CELLEBRITE DI LTDTechnology1.3M$18.1M100.0%-13.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20261$18.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20261$27.2M canonicalSEC ↗
Q3 202513F-HRNov 14, 20251$68.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 20251$144.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 20251$174.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20251$198.3M canonicalSEC ↗