Context Capital Management, LLC
Long book
$540.8M
Q1 2026
Positions
299
Top-10 weight
31%
concentration
Last quarter
+3.6%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsContext Capital Management, LLC is a diversified fundamental manager, specialised in financials (66% of the long book), running a $540.8M US long book across 299 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NEXTERA ENERGY INC, ORACLE CORP, SHIFT4 PAYMENTS INC, PPL CORPORATION, BRUKER CORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 3 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
-18.7%
Q2 2024
+5.1%
Q3 2024
+25.4%
Q4 2024
-7.5%
Q1 2025
+10.2%
Q2 2025
-3.9%
Q3 2025
+7.7%
Q4 2025
+1.5%
Q1 2026
+3.6%
Sector allocation
Financials 62%
Utilities 15%
Technology 8%
Services media 7%
Healthcare 3%
Other 3%
Energy 1%
Communications 1%
Long book by quarter
What does Context Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEE NEXTERA ENERGY INC | Utilities | 935.0K | $47.0M | 8.7% | New |
| ORCL ORACLE CORP | Technology | 675.0K | $30.4M | 5.6% | New |
| FOUR SHIFT4 PAYMENTS INC | Services media | 350.0K | $18.8M | 3.5% | +250.0% |
| PPL PPL CORPORATION | Utilities | 300.0K | $15.4M | 2.8% | New |
| BRKR BRUKER CORP | Healthcare | 50.0K | $14.1M | 2.6% | Held |
| VSEC VSE CORP | Services media | 200.0K | $10.1M | 1.9% | New |
| KKR KKR & CO INC | Financials | 250.0K | $10.1M | 1.9% | New |
| WHR 8.5 02/15/29 A WHIRLPOOL CORP | — | 200.0K | $8.2M | 1.5% | New |
| MBVI M3-BRIGADE ACQUISITION-CL A | Financials | 791.3K | $8.0M | 1.5% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 150.0K | $7.9M | 1.5% | -40.0% |
| DMII DRUGS MADE IN AMERICA ACQUIS | Financials | 750.0K | $7.5M | 1.4% | Held |
| HCAC HALL CHADWICK ACQUISITION-A | Financials | 650.0K | $6.5M | 1.2% | New |
| PLMK PLUM ACQUISITION CORP IV | Financials | 598.0K | $6.3M | 1.2% | -14.6% |
| SZZL SIZZLE ACQUISITION CORP-CL A | Financials | 599.8K | $6.2M | 1.1% | Held |
| SOUL SOULPOWER ACQUISITION CO-A | Financials | 582.5K | $6.0M | 1.1% | Held |
| BIXI BITCOIN INFRASTRUCTURE-CL A | Financials | 600.0K | $6.0M | 1.1% | New |
| LBRT LIBERTY ENERGY INC | Energy | 189.4K | $5.5M | 1.0% | New |
| NOVT NOVANTA INC | Technology | 100.0K | $5.4M | 1.0% | Held |
| RDAG REPUBLIC DIGITAL ACQUIS-CL A | Financials | 500.0K | $5.1M | 0.9% | Held |
| GTERA GLOBA TERRA ACQUISITION CO-A | Financials | 500.0K | $5.1M | 0.9% | Held |
| CEPV CANTOR EQUITY PARTNERS-CL A | Financials | 500.0K | $5.0M | 0.9% | Held |
| HCMA HCM III ACQUISITION COR-CL A | Financials | 500.0K | $5.0M | 0.9% | Held |
| MKLY MCKINLEY ACQUISITION CO-CL A | Financials | 500.0K | $5.0M | 0.9% | Held |
| CRAC CROWN RESERVE ACQUISITI-CL A | Financials | 500.0K | $5.0M | 0.9% | Held |
| MESH MESHFLOW ACQUISITION CO-CL A | Financials | 500.0K | $4.9M | 0.9% | New |
| SVAQ SILICON VALLEY ACQUISIT-CL A | Financials | 500.0K | $4.9M | 0.9% | New |
| DBCA D. BORAL ACQUISITION I-CL A | Financials | 500.0K | $4.9M | 0.9% | New |
| WENN WEN ACQUISITION CORP-A | Financials | 483.5K | $4.9M | 0.9% | Held |
| TLNC TALON CAPITAL CORP-CL A | Financials | 448.2K | $4.6M | 0.8% | -0.4% |
| EVAC EQV VENTURES ACQUISITION C-A | Financials | 450.0K | $4.5M | 0.8% | Held |
| SVAC SPRING VALLEY ACQUISITION-A | Utilities | 441.4K | $4.5M | 0.8% | -31.2% |
| CRAN CRANE HARBOR ACQUISITIO-CL A | Financials | 450.0K | $4.5M | 0.8% | New |
| SCII SC II ACQUISITION CORP-CL A | Financials | 425.0K | $4.2M | 0.8% | New |
| CCII COHEN CIRCLE ACQUISIT II - A | Financials | 400.0K | $4.1M | 0.8% | Held |
| CEPF CANTOR EQUITY PARTNERS-CL A | Financials | 400.0K | $4.1M | 0.8% | Held |
| GSRF GSR IV ACQUISITION CORP-CL A | Financials | 400.0K | $4.0M | 0.7% | Held |
| LPCV LAUNCHPAD CADENZA ACQUI-CL A | Financials | 400.0K | $4.0M | 0.7% | New |
| ADAC AMERICAN DRIVE ACQUISIT-CL A | Financials | 400.0K | $4.0M | 0.7% | New |
| ALOV ALDABRA 4 LIQUIDITY OPP-CL A | Financials | 400.0K | $3.9M | 0.7% | New |
| IRHO IRON HORSE ACQUISITIONS CORP | Services media | 400.0K | $3.9M | 0.7% | New |
| CMII COLUMBUS CIRCLE CAPITAL CO-A | Financials | 400.0K | $3.9M | 0.7% | New |
| XSLL XSOLLA SPAC 1-CL A | Financials | 385.0K | $3.8M | 0.7% | New |
| XRPN ARMADA ACQUISITION -CLASS A | Financials | 350.0K | $3.6M | 0.7% | Held |
| BCAR D. BORAL ARC ACQUISIT - CL A | Technology | 355.1K | $3.6M | 0.7% | -40.8% |
| KCHV KOCHAV DEFENSE ACQUISITION-A | Financials | 350.0K | $3.6M | 0.7% | Held |
| CEPS CANTOR EQUITY PARTNERS VI -A | Financials | 350.0K | $3.5M | 0.7% | New |
| KOYN CSLM DIGITAL ASSET ACQU - A | Financials | 350.0K | $3.5M | 0.6% | Held |
| BDCI BTC DEVELOPMENT CORP-CL A | Financials | 350.0K | $3.5M | 0.6% | Held |
| FL3 REAL ASSET ACQUISITION | — | 300.0K | $3.1M | 0.6% | Held |
| FERA FIFTH ERA ACQUISITION CORP-A | Financials | 300.0K | $3.1M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 392 | $4.33B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 327 | $3.88B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 269 | $3.24B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 251 | $2.96B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 208 | $2.58B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 238 | $2.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 284 | $3.68B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 222 | $2.78B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 277 | $2.10B | canonical | SEC ↗ |