Diametric Capital, LP

Quant stat arb Low signal CIK 1719087
League rank
#16
in Quant stat arb · #546 overall
Long book
$381.7M
Q1 2026
Positions
471
Top-10 weight
21%
concentration
Last quarter
+20.6%
SPY +14.8%
Turnover
64%
of book per quarter

Strategy in plain words

auto-generated from filings

Diametric Capital, LP is a quantitative fund whose holdings reflect models, not opinions, running a $381.7M US long book across 471 positions.

The portfolio is broadly diversified across 471 positions (top 10 only 21%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PRECIGEN INC, BITMINE IMMERSION TECHNOLOGI, AI FINANCIAL CORP, LIQUIDIA CORP, FULGENT GENETICS INC.

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 5 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
-1.7%
Q2 2024
+10.2%
Q3 2024
+3.9%
Q4 2024
-6.0%
Q1 2025
+12.3%
Q2 2025
+18.4%
Q3 2025
-2.4%
Q4 2025
-4.9%
Q1 2026
+20.6%

Sector allocation

Healthcare
24%
Industrials
17%
Technology
13%
Financials
13%
Services media
12%
Other
6%
Consumer discretionary
6%
Communications
4%

Long book by quarter

$180.1M
Q1 2024
$184.3M
Q2 2024
$202.3M
Q3 2024
$148.1M
Q4 2024
$84.1M
Q1 2025
$187.4M
Q2 2025
$269.7M
Q3 2025
$373.1M
Q4 2025
$381.7M
Q1 2026

What does Diametric Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PGEN PRECIGEN INCHealthcare6.8M$26.3M6.9%+76.8%
BMNR BITMINE IMMERSION TECHNOLOGIFinancials452.1K$8.9M2.3%-0.7%
AIFC AI FINANCIAL CORPFinancials6.2M$6.9M1.8%-34.1%
LQDA LIQUIDIA CORPHealthcare167.8K$6.3M1.7%+83.4%
FLGT FULGENT GENETICS INCHealthcare361.0K$5.7M1.5%+80.4%
GLNG GOLAR LNG LTDIndustrials103.3K$5.6M1.5%-24.3%
PENN PENN ENTERTAINMENT INCServices media323.8K$4.9M1.3%New
WYNN WYNN RESORTS LTDServices media47.5K$4.8M1.3%+36.6%
EAT BRINKER INTERNATIONAL INCConsumer discretionary32.5K$4.6M1.2%+3.8%
FPS FORGENT POWER SOLUTIONS-CL AIndustrials144.6K$4.2M1.1%New
ASPI ASP ISOTOPES INCOther953.5K$4.2M1.1%+29.3%
TDS TELEPHONE AND DATA SYSTEMSCommunications94.8K$4.0M1.0%-7.3%
HROW HARROW INCHealthcare110.7K$3.9M1.0%-60.2%
ETON ETON PHARMACEUTICALS INCHealthcare156.9K$3.9M1.0%-18.8%
AZ A2Z CUST2MATE SOLUTIONS CORPIndustrials570.3K$3.8M1.0%New
PPB FLUTTER ENTERTAINMENT PLC-DI36.3K$3.7M1.0%+322.2%
NTGR NETGEAR INCTechnology140.0K$3.1M0.8%+779.7%
LION LIONSGATE STUDIOS CORPServices media308.6K$3.0M0.8%-21.8%
ABEO ABEONA THERAPEUTICS INCHealthcare611.5K$2.7M0.7%-11.9%
WBS WEBSTER FINANCIAL CORPFinancials39.4K$2.7M0.7%New
BYD BOYD GAMING CORPServices media32.1K$2.6M0.7%-13.2%
BRSL BRIGHTSTAR LOTTERY PLCServices media200.7K$2.6M0.7%-22.6%
FWRD FORWARD AIR CORPIndustrials140.3K$2.3M0.6%+19.6%
NSC NORFOLK SOUTHERN CORPIndustrials8.0K$2.3M0.6%-1.7%
VSNT VERSANT MEDIA GROUP INCCommunications61.2K$2.3M0.6%New
ALAB ASTERA LABS INCTechnology20.1K$2.2M0.6%New
LBTYA LIBERTY GLOBAL LTD-ACommunications181.4K$2.2M0.6%-14.5%
LRN STRIDE INCServices media23.6K$2.1M0.5%+139.0%
VKTX VIKING THERAPEUTICS INCHealthcare63.9K$2.1M0.5%New
TIPT TIPTREE INCFinancials119.5K$2.0M0.5%+387.7%
VISN VISTANCE NETWORKS INCTechnology110.0K$2.0M0.5%+108.7%
SLNOEUR SOLENO THERAPEUTICS INC57.8K$1.9M0.5%+84.6%
DCH DAUCH CORPORATIONIndustrials319.6K$1.9M0.5%+52.5%
FLOC FLOWCO HOLDINGS INC-CL AIndustrials91.5K$1.9M0.5%New
XPOF XPONENTIAL FITNESS INC-AServices media302.3K$1.8M0.5%+12.1%
BROS DUTCH BROS INC-CLASS AConsumer discretionary35.1K$1.8M0.5%-34.0%
PBI PITNEY BOWES INCTechnology157.8K$1.7M0.5%-33.7%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials118.2K$1.7M0.4%+98.4%
CLMT CALUMET INCEnergy45.7K$1.6M0.4%+7.5%
YSS YORK SPACE SYSTEMS INCIndustrials73.9K$1.6M0.4%New
QGEN QIAGEN N.V.Healthcare40.0K$1.6M0.4%New
STRZ STARZ ENTERTAINMENT CORPServices media138.7K$1.6M0.4%+546.3%
BE BLOOM ENERGY CORP- AIndustrials11.6K$1.6M0.4%-25.4%
NVDA NVIDIA CORPTechnology8.9K$1.5M0.4%+6.3%
ECHO ECHOSTAR CORP-ACommunications13.2K$1.5M0.4%New
SNAP SNAP INC - ATechnology330.0K$1.5M0.4%New
MGM MGM RESORTS INTERNATIONALServices media40.8K$1.5M0.4%-65.3%
PEN PENUMBRA INCHealthcare4.5K$1.5M0.4%New
NWS NEWS CORP - CLASS BOther51.3K$1.5M0.4%+7.1%
RVMD REVOLUTION MEDICINES INCHealthcare15.0K$1.5M0.4%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026473$384.8M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026368$373.1M canonicalSEC ↗
Q3 202513F-HRNov 13, 2025374$269.7M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025316$187.4M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025210$84.1M canonicalSEC ↗
Q4 202413F-HRFeb 12, 2025306$148.1M canonicalSEC ↗
Q3 202413F-HRNov 13, 2024368$202.3M canonicalSEC ↗
Q2 202413F-HRAug 13, 2024360$184.3M canonicalSEC ↗
Q1 202413F-HRMay 15, 2024324$180.1M canonicalSEC ↗