EQUITEC PROPRIETARY MARKETS, LLC

Fundamental concentrated ★Signal industrials specialist (63%) CIK 1143261
Long book
$43.3M
Q1 2026
Positions
47
Top-10 weight
94%
concentration
Last quarter
-0.5%
SPY +14.8%
Turnover
51%
of book per quarter

Strategy in plain words

auto-generated from filings

EQUITEC PROPRIETARY MARKETS, LLC is a concentrated fundamental stock-picker, specialised in industrials (63% of the long book), running a $43.3M US long book across 47 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: HOLOGIC INC, ZIM INTEGRATED SHIPPING SERV, TERNS PHARMACEUTICALS INC, ARCELLX INC, TRI POINTE HOMES INC.

Over the last 9 quarters its long book ran on average 4.8pp 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
+5.0%
Q2 2024
+6.3%
Q3 2024
+9.8%
Q4 2024
-31.9%
Q1 2025
+10.0%
Q2 2025
+20.8%
Q3 2025
-10.3%
Q4 2025
-11.6%
Q1 2026
-0.5%

Sector allocation

Other
64%
Industrials
22%
Healthcare
4%
Utilities
3%
Technology
2%
Financials
2%
Communications
2%
Materials
0%

Long book by quarter

$56.5M
Q1 2024
$13.2M
Q2 2024
$11.0M
Q3 2024
$14.8M
Q4 2024
$34.9M
Q1 2025
$25.1M
Q2 2025
$16.8M
Q3 2025
$20.8M
Q4 2025
$43.3M
Q1 2026

What does EQUITEC PROPRIETARY own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
HO1 HOLOGIC INC217.6K$16.4M38.0%+249.2%
ZIM ZIM INTEGRATED SHIPPING SERVIndustrials364.7K$9.6M22.2%New
430 TERNS PHARMACEUTICALS INC100.5K$5.3M12.2%New
ACLXGBX ARCELLX INC33.6K$3.9M8.9%New
T86 TRI POINTE HOMES INC30.6K$1.4M3.3%New
PEN PENUMBRA INCHealthcare2.8K$920K2.1%New
YEXT YEXT INCTechnology228.6K$878K2.0%New
AES AES CORPUtilities61.0K$859K2.0%New
BHF BRIGHTHOUSE FINANCIAL INCFinancials14.0K$840K1.9%+3589.5%
BSX BOSTON SCIENTIFIC CORPHealthcare11.1K$697K1.6%New
WES WESTERN MIDSTREAM PARTNERS LUtilities14.7K$605K1.4%-5.1%
WBD WARNER BROS DISCOVERY INCCommunications15.8K$434K1.0%-60.5%
PSKY PARAMOUNT SKYDANCE CL BCommunications35.8K$323K0.7%-81.4%
GLDD GREAT LAKES DREDGE & DOCK CO14.1K$240K0.6%New
2KZ0 KEZAR LIFE SCIENCES INC19.5K$145K0.3%New
LNSR LENSAR INCHealthcare10.0K$60K0.1%+426.3%
SSTK SHUTTERSTOCK INCTechnology3.2K$53K0.1%New
GOOG ALPHABET INC-CL CTechnology100$29K0.1%Held
PMCB PHARMACYTE BIOTECH INCHealthcare22.2K$15K0.0%Held
TMC TMC THE METALS CO INCMaterials2.0K$9K0.0%Held
AWRE AWARE INC/MASSTechnology7.0K$9K0.0%Held
GME GAMESTOP CORP-CLASS AConsumer discretionary125$3K0.0%-98.0%
SABR SABRE CORPTechnology1.0K$1K0.0%Held
HE HAWAIIAN ELECTRIC INDSUtilities75$1K0.0%Held
WOLF WOLFSPEED INCTechnology57$9300.0%-87.5%
AMC AMC ENTERTAINMENT HLDS-CL AServices media150$1470.0%-84.6%
ASST STRIVE INC-AFinancials8$800.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202681$187.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202684$174.2M canonicalSEC ↗
Q3 202513F-HRNov 26, 202577$440.1M canonicalSEC ↗
Q2 202513F-HRAug 6, 202565$105.9M canonicalSEC ↗
Q1 202513F-HRMay 14, 202566$140.6M canonicalSEC ↗
Q4 202413F-HRJan 29, 202572$102.3M canonicalSEC ↗
Q3 202413F-HROct 18, 202473$117.5M canonicalSEC ↗
Q2 202413F-HRJul 12, 202480$78.7M canonicalSEC ↗
Q1 202413F-HRApr 26, 2024109$180.2M SEC ↗
Q1 202413F-HR/ARESTATEMENTApr 26, 202490$164.0M canonicalSEC ↗