Cinctive Capital Management LP
Long book
$1.52B
Q1 2026
Positions
349
Top-10 weight
17%
concentration
Last quarter
+15.2%
SPY +14.8%
Turnover
67%
of book per quarter
Strategy in plain words
auto-generated from filingsCinctive Capital Management LP is a quantitative fund whose holdings reflect models, not opinions, running a $1.52B US long book across 349 positions.
The portfolio is broadly diversified across 349 positions (top 10 only 17%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VISTRA CORP, VALERO ENERGY CORP, FORGENT POWER SOLUTIONS-CL A, HOME DEPOT INC, LIFEZONE METALS LTD.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 7 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
-0.3%
Q2 2024
+8.8%
Q3 2024
+3.5%
Q4 2024
-5.0%
Q1 2025
+13.9%
Q2 2025
+12.5%
Q3 2025
+4.7%
Q4 2025
+0.0%
Q1 2026
+15.2%
Sector allocation
Healthcare 16%
Consumer discretionary 16%
Financials 15%
Technology 11%
Industrials 9%
Other 8%
Utilities 7%
Energy 6%
Long book by quarter
What does Cinctive Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VST VISTRA CORP | Utilities | 239.7K | $36.0M | 2.4% | -28.2% |
| VLO VALERO ENERGY CORP | Energy | 133.9K | $33.1M | 2.2% | +9.5% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 1.1M | $31.5M | 2.1% | New |
| HD HOME DEPOT INC | Consumer discretionary | 82.3K | $27.1M | 1.8% | +131.5% |
| LZM LIFEZONE METALS LTD | Materials | 7.7M | $25.8M | 1.7% | +10.9% |
| NVDA NVIDIA CORP | Technology | 140.5K | $24.5M | 1.6% | +9.8% |
| TGT TARGET CORP | Consumer discretionary | 194.0K | $23.5M | 1.5% | +82.7% |
| CEG CONSTELLATION ENERGY | Utilities | 77.8K | $21.7M | 1.4% | +20.1% |
| ROST ROSS STORES INC | Consumer discretionary | 93.7K | $20.3M | 1.3% | -22.6% |
| WBD WARNER BROS DISCOVERY INC | Communications | 694.6K | $19.1M | 1.3% | New |
| SRE SEMPRA | Utilities | 181.3K | $17.6M | 1.2% | -37.9% |
| KRSP RICE ACQUISITION CORP 3-A | Financials | 1.7M | $17.1M | 1.1% | Held |
| NTRS NORTHERN TRUST CORP | Financials | 115.6K | $16.1M | 1.1% | +143.7% |
| WBI WATERBRIDGE INFRASTRUC-CL A | Energy | 588.9K | $15.8M | 1.0% | -43.2% |
| NET CLOUDFLARE INC - CLASS A | Technology | 74.5K | $15.4M | 1.0% | New |
| T86 TRI POINTE HOMES INC | — | 328.6K | $15.4M | 1.0% | New |
| OKE ONEOK INC | Utilities | 151.8K | $13.7M | 0.9% | +396.9% |
| WMT WALMART INC | Consumer discretionary | 109.7K | $13.6M | 0.9% | +109.9% |
| AMAT APPLIED MATERIALS INC | Technology | 39.5K | $13.5M | 0.9% | +331.3% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 155.2K | $12.8M | 0.8% | +440.9% |
| RL RALPH LAUREN CORP | Other | 37.0K | $12.7M | 0.8% | +22.7% |
| ANF ABERCROMBIE & FITCH CO-CL A | Consumer discretionary | 136.9K | $12.5M | 0.8% | +199.8% |
| INSM INSMED INC | Healthcare | 73.1K | $11.9M | 0.8% | +307.1% |
| TXRH TEXAS ROADHOUSE INC | Consumer discretionary | 71.8K | $11.9M | 0.8% | -11.7% |
| C CITIGROUP INC | Financials | 102.1K | $11.6M | 0.8% | -17.8% |
| CSX CSX CORP | Industrials | 279.1K | $11.5M | 0.8% | +358.3% |
| MS MORGAN STANLEY | Financials | 69.0K | $11.4M | 0.7% | -14.8% |
| FIVE FIVE BELOW | Consumer discretionary | 48.9K | $11.2M | 0.7% | -23.7% |
| JPM JPMORGAN CHASE & CO | Financials | 36.8K | $10.8M | 0.7% | New |
| BBIO BRIDGEBIO PHARMA INC | Healthcare | 145.7K | $10.8M | 0.7% | +107.7% |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 179.0K | $10.1M | 0.7% | +13.3% |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 124.1K | $10.1M | 0.7% | +1176.6% |
| TRP TC ENERGY CORP | Utilities | 160.1K | $10.0M | 0.7% | +117.8% |
| NTHI NEONC TECHNOLOGIES HOLDINGS | Healthcare | 1.4M | $10.0M | 0.7% | New |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 107.7K | $9.9M | 0.7% | -25.6% |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 44.1K | $9.8M | 0.6% | +73.5% |
| DINO HF SINCLAIR CORP | Energy | 155.4K | $9.7M | 0.6% | New |
| PSN PARSONS CORP | Technology | 178.8K | $9.7M | 0.6% | +3093.3% |
| DAWNGBX DAY ONE BIOPHARMACEUTICALS I | — | 450.0K | $9.6M | 0.6% | New |
| DHR DANAHER CORP | Technology | 50.8K | $9.6M | 0.6% | +118.0% |
| NIQ NIQ GLOBAL INTELLIGENCE PLC | Technology | 820.8K | $9.3M | 0.6% | +28.4% |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 604.3K | $9.2M | 0.6% | +115.2% |
| LLY ELI LILLY & CO | Healthcare | 10.0K | $9.2M | 0.6% | +2.7% |
| ACLXGBX ARCELLX INC | — | 80.0K | $9.2M | 0.6% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 93.9K | $9.1M | 0.6% | +120.1% |
| FLG FLAGSTAR BANK NA | Financials | 691.9K | $9.1M | 0.6% | New |
| ONON ON HOLDING AG-CLASS A | Other | 258.3K | $8.8M | 0.6% | +93.1% |
| RBA RB GLOBAL INC | Services media | 91.7K | $8.8M | 0.6% | New |
| DECK DECKERS OUTDOOR CORP | Other | 87.0K | $8.7M | 0.6% | +346.1% |
| GLDD GREAT LAKES DREDGE & DOCK CO | — | 500.0K | $8.5M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 353 | $1.53B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 383 | $1.85B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 393 | $2.09B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 354 | $1.89B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 300 | $1.31B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 342 | $1.97B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 362 | $1.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 380 | $2.10B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 382 | $2.15B | canonical | SEC ↗ |
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