Expect Equity LLC
Long book
$128.6M
Q1 2026
Positions
62
Top-10 weight
28%
concentration
Last quarter
+0.3%
SPY -4.4%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsExpect Equity LLC is an institutional manager, running a $128.6M US long book across 62 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MKS INC, COLUMBIA BANKING SYSTEM INC, FIRST HORIZON CORP, ATI INC, CACI INTERNATIONAL INC -CL A.
Over the last 5 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 3 of 5 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
Q4 2024
-8.1%
Q1 2025
+10.1%
Q2 2025
+8.9%
Q3 2025
+4.9%
Q4 2025
+0.3%
Sector allocation
Industrials 30%
Technology 17%
Healthcare 15%
Financials 10%
Consumer staples 7%
Consumer discretionary 6%
Energy 4%
Services media 4%
Long book by quarter
What does Expect Equity own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MKSI MKS INC | Technology | 18.5K | $4.2M | 3.3% | -23.0% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 143.1K | $3.9M | 3.1% | Held |
| FHN FIRST HORIZON CORP | Financials | 170.9K | $3.9M | 3.0% | Held |
| ATI ATI INC | Industrials | 25.9K | $3.8M | 2.9% | -8.7% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 6.7K | $3.7M | 2.8% | +12.9% |
| FLS FLOWSERVE CORP | Industrials | 48.1K | $3.5M | 2.7% | -7.4% |
| OSK OSHKOSH CORP | Industrials | 23.2K | $3.4M | 2.7% | -7.3% |
| SARO STANDARDAERO INC | Industrials | 119.0K | $3.1M | 2.4% | +46.0% |
| SM SM ENERGY CO | Energy | 95.8K | $3.0M | 2.3% | New |
| CON CONCENTRA GROUP HOLDINGS PAR | Healthcare | 136.2K | $2.9M | 2.3% | +14.6% |
| MOD MODINE MANUFACTURING CO | Industrials | 13.2K | $2.9M | 2.2% | -15.3% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 56.4K | $2.7M | 2.1% | Held |
| LYTS LSI INDUSTRIES INC | Industrials | 143.6K | $2.7M | 2.1% | Held |
| MAMA MAMA'S CREATIONS INC | Consumer staples | 173.8K | $2.7M | 2.1% | -9.0% |
| ROCK GIBRALTAR INDUSTRIES INC | Industrials | 63.5K | $2.5M | 2.0% | +23.2% |
| VSEC VSE CORP | Services media | 13.6K | $2.5M | 2.0% | -18.0% |
| COO COOPER COS INC/THE | Healthcare | 34.6K | $2.5M | 1.9% | Held |
| EWBC EAST WEST BANCORP INC | Financials | 23.0K | $2.5M | 1.9% | +34.3% |
| LMB LIMBACH HOLDINGS INC | Industrials | 31.3K | $2.4M | 1.9% | +9.9% |
| LNTH LANTHEUS HOLDINGS INC | Materials | 32.1K | $2.4M | 1.9% | +8.0% |
| CMC COMMERCIAL METALS CO | Industrials | 39.5K | $2.4M | 1.9% | Held |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 46.9K | $2.3M | 1.8% | Held |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 38.5K | $2.3M | 1.8% | -19.7% |
| BELFB BEL FUSE INC-CL B | Technology | 11.1K | $2.2M | 1.7% | -40.3% |
| AVY AVERY DENNISON CORP | Other | 12.7K | $2.2M | 1.7% | +42.5% |
| SLB SLB LTD | Energy | 42.2K | $2.2M | 1.7% | Held |
| HAE HAEMONETICS CORP/MASS | Healthcare | 37.0K | $2.1M | 1.6% | +18.0% |
| OPCH OPTION CARE HEALTH INC | Healthcare | 76.7K | $2.1M | 1.6% | +8.2% |
| SN SHARKNINJA INC | Industrials | 19.2K | $2.0M | 1.6% | +39.7% |
| BRKR BRUKER CORP | Healthcare | 56.1K | $2.0M | 1.6% | Held |
| IOT SAMSARA INC-CL A | Technology | 63.1K | $2.0M | 1.6% | +31.8% |
| TTMI TTM TECHNOLOGIES | Technology | 19.6K | $1.9M | 1.5% | Held |
| VMD VIEMED HEALTHCARE INC | Healthcare | 203.7K | $1.9M | 1.5% | +17.1% |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 98.6K | $1.8M | 1.4% | Held |
| VITL VITAL FARMS INC | Consumer staples | 129.3K | $1.8M | 1.4% | +99.9% |
| LW LAMB WESTON HOLDINGS INC | Consumer staples | 42.9K | $1.8M | 1.4% | Held |
| BEPC BROOKFIELD RENEWABLE CORP | Utilities | 43.3K | $1.7M | 1.3% | Held |
| ST SENSATA TECHNOLOGIES HOLDING | Technology | 44.8K | $1.6M | 1.2% | New |
| CHEF CHEFS' WAREHOUSE INC/THE | Consumer discretionary | 25.8K | $1.5M | 1.2% | +8.4% |
| RDNT RADNET INC | Healthcare | 26.6K | $1.5M | 1.2% | +45.3% |
| ACNT ASCENT INDUSTRIES CO | Materials | 110.3K | $1.5M | 1.1% | +6.5% |
| NOMD NOMAD FOODS LTD | Consumer staples | 141.6K | $1.4M | 1.1% | Held |
| ITRI ITRON INC | Technology | 15.0K | $1.3M | 1.0% | New |
| GVA GRANITE CONSTRUCTION INC | Industrials | 11.0K | $1.3M | 1.0% | +3.8% |
| SYNA SYNAPTICS INC | Technology | 18.8K | $1.3M | 1.0% | +8.1% |
| HQY HEALTHEQUITY INC | Services media | 15.5K | $1.3M | 1.0% | New |
| BIRK BIRKENSTOCK HOLDING PLC | Other | 33.9K | $1.2M | 0.9% | New |
| BV BRIGHTVIEW HOLDINGS INC | Consumer staples | 100.5K | $1.2M | 0.9% | Held |
| ADNT ADIENT PLC | Industrials | 57.6K | $1.2M | 0.9% | +59.9% |
| IGIC INTERNATIONAL GENERAL INSURA | Financials | 45.4K | $1.1M | 0.9% | +144.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | Aug 19, 2026 | 62 | $128.6M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 15, 2026 | 48 | $104.2M | SEC ↗ | |
| Q4 2025 | 13F-HR/ARESTATEMENT | Aug 19, 2026 | 58 | $121.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 47 | $103.5M | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 49 | $102.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 47 | $93.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 47 | $88.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 45 | $95.5M | canonical | SEC ↗ |
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