BlueCrest Capital Management Ltd

Fundamental diversified ★Signal CIK 1610880
League rank
#889
in Fundamental diversified · #7184 overall
Long book
$887.2M
Q1 2026
Positions
173
Top-10 weight
34%
concentration
Last quarter
+3.3%
SPY +14.8%
Turnover
70%
of book per quarter

Strategy in plain words

auto-generated from filings

BlueCrest Capital Management Ltd is a diversified fundamental manager, running a $887.2M US long book across 173 positions.

The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: WIX.COM LTD, CRITEO SA-SPON ADR, BANK OF AMERICA CORP, PENNYMAC FINANCIAL SERVICES, CITIGROUP INC.

Over the last 9 quarters its long book ran on average 2.4pp per quarter behind 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
-0.5%
Q2 2024
+10.0%
Q3 2024
-1.6%
Q4 2024
-3.9%
Q1 2025
+4.2%
Q2 2025
+8.7%
Q3 2025
+2.5%
Q4 2025
-3.5%
Q1 2026
+3.3%

Sector allocation

Financials
46%
Technology
23%
Utilities
11%
Healthcare
7%
Other
7%
Materials
2%
Consumer discretionary
2%
Services media
1%

Long book by quarter

$256.7M
Q1 2024
$404.0M
Q2 2024
$286.6M
Q3 2024
$1.66B
Q4 2024
$562.1M
Q1 2025
$837.6M
Q2 2025
$1.47B
Q3 2025
$2.43B
Q4 2025
$887.2M
Q1 2026

What does BlueCrest Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WIX WIX.COM LTDTechnology585.0K$52.7M5.9%New
BAC BANK OF AMERICA CORPFinancials630.2K$30.7M3.5%-39.9%
PFSI PENNYMAC FINANCIAL SERVICESFinancials351.1K$30.7M3.5%New
C CITIGROUP INCFinancials269.6K$30.6M3.4%-47.4%
WFC WELLS FARGO & COFinancials382.1K$30.4M3.4%-40.8%
MDLN MEDLINE INC-CL AHealthcare549.0K$24.4M2.8%New
ORCL ORACLE CORPTechnology455.7K$20.5M2.3%New
NEE NEXTERA ENERGY INCUtilities384.9K$19.3M2.2%New
PCG P G & E CORPUtilities911.7K$16.0M1.8%-69.6%
JPM JPMORGAN CHASE & COFinancials52.2K$15.4M1.7%-34.0%
LASR NLIGHT INCTechnology255.0K$14.5M1.6%New
BTSG 6.75 02/01/27 BRIGHTSPRING HEALTH SERV101.9K$14.5M1.6%+897.7%
MCHP MICROCHIP TECHNOLOGY INCTechnology226.0K$12.9M1.5%New
LUNR INTUITIVE MACHINES INCTechnology661.4K$12.3M1.4%New
PPL PPL CORPORATIONUtilities227.6K$11.7M1.3%New
ALB ALBEMARLE CORPMaterials162.4K$11.7M1.3%+13.4%
WHR 8.5 02/15/29 A WHIRLPOOL CORP272.0K$11.1M1.3%New
FVAV FORTRESS VALUE ACQUIS V-CL AFinancials1.0M$10.0M1.1%New
NOVT NOVANTA INCTechnology179.1K$9.6M1.1%-7.2%
AEXA AMERICAN EXCEPTIONALISM-CL AFinancials881.4K$9.5M1.1%-1.1%
ALUB ALUSSA ENERGY ACQUISIT II-AFinancials825.0K$8.2M0.9%New
EVAC EQV VENTURES ACQUISITION C-AFinancials750.0K$7.6M0.9%New
BRKR BRUKER CORPHealthcare23.8K$6.7M0.8%+33.7%
NEE NEXTERA ENERGY INCUtilities117.0K$6.5M0.7%+501.4%
ITHA ITHAX ACQUISITION CORP-CL AFinancials650.0K$6.4M0.7%New
HPE 7.625 09/01/27 HP ENTERPRISE CO97.7K$6.3M0.7%-54.8%
QXO QXO INCConsumer discretionary108.5K$6.0M0.7%+93.8%
FOUR SHIFT4 PAYMENTS INCServices media98.2K$5.3M0.6%-7.1%
LKSP LAKE SUPERIOR ACQUISITI-CL AFinancials500.0K$5.0M0.6%New
DMII DRUGS MADE IN AMERICA ACQUISFinancials500.0K$5.0M0.6%New
AEAQ ACTIVATE ENERGY ACQUISITIO-AFinancials500.0K$4.9M0.6%New
RTAC RENATUS TACTICAL ACQUISITI-AFinancials403.2K$4.1M0.5%Held
MMED MINIMED GROUP INCHealthcare275.0K$4.1M0.5%New
MKSI MKS INCTechnology17.6K$4.0M0.5%+12.7%
YCY AA MISSION ACQUISITION-AFinancials400.0K$4.0M0.5%New
RNGT RANGE CAPITAL ACQUISIT CL AFinancials400.0K$4.0M0.5%New
TWLV TWELVE SEAS INVESTMENT CO-AFinancials400.0K$4.0M0.4%New
BA 6 10/15/27 BOEING CO/THE58.8K$3.8M0.4%New
HCMA HCM III ACQUISITION COR-CL AFinancials350.0K$3.5M0.4%New
MBVI M3-BRIGADE ACQUISITION-CL AFinancials337.0K$3.4M0.4%New
GPAC GENERAL PURPOSE ACQUISIT-AFinancials335.0K$3.3M0.4%New
PICS PICS NVFinancials310.0K$3.2M0.4%New
PCG PG&E CORPUtilities75.3K$3.2M0.4%+912.6%
NEE NEXTERA ENERGY INCUtilities59.1K$3.1M0.3%New
APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT52.7K$3.1M0.3%-48.8%
SVAQ SILICON VALLEY ACQUISIT-CL AFinancials300.0K$3.0M0.3%New
FLY FIREFLY AEROSPACE INCIndustrials103.7K$3.0M0.3%-78.3%
BOBS BOB'S DISCOUNT FURNITUREConsumer discretionary250.0K$2.9M0.3%New
FIGR FIGURE TECHNOLOGY SOLUT-CL AFinancials86.0K$2.9M0.3%New
SNDA SONIDA SENIOR LIVING INCHealthcare89.9K$2.9M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026231$1.69B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026170$3.33B canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSFeb 17, 202623$55.9M canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSNov 25, 20252$30.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025152$4.33B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025111$2.62B canonicalSEC ↗
Q1 202513F-HRMay 15, 202574$2.32B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202595$3.55B canonicalSEC ↗
Q3 202413F-HRNov 14, 202485$1.87B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024113$1.72B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024206$2.03B canonicalSEC ↗