Entropy Technologies, LP

Quant stat arb Low signal CIK 1976151
League rank
#105
in Quant stat arb · #3305 overall
Long book
$2.17B
Q1 2026
Positions
857
Top-10 weight
8%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
60%
of book per quarter

Strategy in plain words

auto-generated from filings

Entropy Technologies, LP is a quantitative fund whose holdings reflect models, not opinions, running a $2.17B US long book across 857 positions.

The portfolio is broadly diversified across 857 positions (top 10 only 8%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CHENIERE ENERGY INC, BOSTON SCIENTIFIC CORP, COSTCO WHOLESALE CORP, ABBOTT LABORATORIES, COLGATE-PALMOLIVE CO.

Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 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
-2.2%
Q2 2024
+8.3%
Q3 2024
-0.4%
Q4 2024
-3.4%
Q1 2025
+8.2%
Q2 2025
+6.6%
Q3 2025
+3.4%
Q4 2025
+1.6%
Q1 2026
+12.1%

Sector allocation

Technology
17%
Industrials
17%
Financials
16%
Healthcare
10%
Consumer discretionary
8%
Services media
6%
Utilities
6%
Energy
5%

Long book by quarter

$938.0M
Q1 2024
$925.2M
Q2 2024
$952.5M
Q3 2024
$971.0M
Q4 2024
$1.03B
Q1 2025
$1.26B
Q2 2025
$1.34B
Q3 2025
$1.84B
Q4 2025
$2.17B
Q1 2026

What does Entropy Technologies, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
LNG CHENIERE ENERGY INCUtilities62.8K$17.8M0.8%+217.1%
BSX BOSTON SCIENTIFIC CORPHealthcare283.0K$17.8M0.8%+82.5%
COST COSTCO WHOLESALE CORPConsumer discretionary17.8K$17.7M0.8%+12.6%
ABT ABBOTT LABORATORIESHealthcare172.1K$17.7M0.8%+45.9%
CL COLGATE-PALMOLIVE COOther207.3K$17.7M0.8%New
FDX FEDEX CORPIndustrials49.6K$17.7M0.8%+2864.5%
CVX CHEVRON CORPEnergy85.3K$17.7M0.8%New
OXY OCCIDENTAL PETROLEUM CORPEnergy271.6K$17.7M0.8%-4.8%
LMT LOCKHEED MARTIN CORPIndustrials29.2K$17.6M0.8%+758.8%
MDT MEDTRONIC PLCHealthcare203.6K$17.6M0.8%New
PCG P G & E CORPUtilities1.0M$17.6M0.8%+43.7%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology120.5K$17.6M0.8%+44.5%
BLK BLACKROCK INCFinancials18.3K$17.6M0.8%+114.3%
TT TRANE TECHNOLOGIES PLCTechnology42.2K$17.6M0.8%+11.3%
MA MASTERCARD INC - AServices media35.2K$17.6M0.8%+38.3%
AXP AMERICAN EXPRESS COFinancials58.2K$17.6M0.8%+45.9%
DIS WALT DISNEY CO/THEServices media182.5K$17.6M0.8%+324.9%
PEP PEPSICO INCConsumer staples113.2K$17.6M0.8%New
MSFT MICROSOFT CORPTechnology47.4K$17.5M0.8%New
AVGO BROADCOM INCTechnology52.8K$16.4M0.8%New
TJX TJX COMPANIES INCConsumer discretionary98.9K$15.8M0.7%+13.1%
PH PARKER HANNIFIN CORPIndustrials17.6K$15.8M0.7%+865.6%
SNDK SANDISK CORPTechnology24.4K$15.5M0.7%-45.9%
WDC WESTERN DIGITAL CORPTechnology55.7K$15.1M0.7%-1.3%
RKLB ROCKET LAB CORPIndustrials229.7K$14.8M0.7%+316.7%
META META PLATFORMS INC-CLASS ATechnology25.4K$14.5M0.7%New
SOFI SOFI TECHNOLOGIES INCFinancials910.6K$14.5M0.7%New
NEM NEWMONT CORPMaterials132.2K$14.3M0.7%+256.3%
VLO VALERO ENERGY CORPEnergy57.4K$14.2M0.7%+434.9%
MO ALTRIA GROUP INCConsumer staples207.9K$13.7M0.6%-18.5%
MET METLIFE INCFinancials193.0K$13.6M0.6%+157.6%
CNP CENTERPOINT ENERGY INCUtilities314.8K$13.6M0.6%New
URI UNITED RENTALS INCServices media18.5K$13.5M0.6%+18.7%
MELI MERCADOLIBRE INCServices media7.8K$13.4M0.6%+64.1%
TER TERADYNE INCTechnology44.9K$13.3M0.6%+22.1%
RTX RTX CORPIndustrials65.2K$12.6M0.6%+194.3%
ADP AUTOMATIC DATA PROCESSINGTechnology61.5K$12.5M0.6%+126.2%
CME CME GROUP INCFinancials40.6K$12.0M0.6%New
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare35.7K$11.8M0.5%+121.9%
BX BLACKSTONE INCFinancials100.8K$11.6M0.5%+605.8%
CMI CUMMINS INCIndustrials21.1K$11.4M0.5%+379.7%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary123.0K$11.4M0.5%New
CLS CELESTICA INCTechnology39.9K$11.3M0.5%+220.4%
LITE LUMENTUM HOLDINGS INCTechnology15.7K$11.0M0.5%+4.3%
MMM 3M COHealthcare75.4K$10.9M0.5%New
KHC KRAFT HEINZ CO/THEConsumer staples471.9K$10.6M0.5%+2249.0%
PNR PENTAIR PLCIndustrials121.5K$10.6M0.5%+345.8%
STXN SEAGATE TECHNOLOGY HOLDINGS27.0K$10.6M0.5%+44.2%
GILD GILEAD SCIENCES INCHealthcare74.7K$10.4M0.5%New
HL HECLA MINING COMaterials555.4K$10.3M0.5%+443.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026857$2.17B canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026849$1.84B canonicalSEC ↗
Q3 202513F-HRNov 13, 2025784$1.34B canonicalSEC ↗
Q2 202513F-HRAug 12, 2025749$1.26B canonicalSEC ↗
Q1 202513F-HRMay 12, 2025682$1.03B canonicalSEC ↗
Q4 202413F-HRJan 28, 2025691$971.0M canonicalSEC ↗
Q3 202413F-HRNov 4, 2024687$952.5M canonicalSEC ↗
Q2 202413F-HRAug 12, 2024641$925.2M canonicalSEC ↗
Q1 202413F-HRMay 8, 2024696$938.0M canonicalSEC ↗