FLAX POND CAPITAL, LLC

Fundamental diversified ★Signal CIK 2106996
League rank
#835
in Fundamental diversified · #6895 overall
Long book
$124.3M
Q1 2026
Positions
62
Top-10 weight
50%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
29%
of book per quarter

Strategy in plain words

auto-generated from filings

FLAX POND CAPITAL, LLC is a diversified fundamental manager, running a $124.3M US long book across 62 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SPDR GOLD SHARES, MURPHY OIL CORP, XPLR INFRASTRUCTURE LP, EAGLE POINT INCOME CO INC, DRIVEN BRANDS HOLDINGS INC.

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
Q4 2025
+1.3%
Q1 2026
+6.2%

Sector allocation

Energy
22%
Services media
14%
Materials
13%
Healthcare
13%
Utilities
10%
Communications
7%
Financials
7%
Other
5%

Long book by quarter

$134.5M
Q4 2025
$124.3M
Q1 2026

What does FLAX POND own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MUR MURPHY OIL CORPEnergy187.3K$7.7M6.2%-16.0%
XIFR XPLR INFRASTRUCTURE LPUtilities583.1K$6.2M5.0%Held
DRVN DRIVEN BRANDS HOLDINGS INCServices media430.0K$5.4M4.4%+125.6%
BCE BCE INCCommunications196.6K$5.0M4.0%-2.3%
RGLD ROYAL GOLD INCFinancials18.3K$4.7M3.8%+6.4%
NEM NEWMONT CORPMaterials41.6K$4.5M3.6%+13.7%
B BARRICK MINING CORPMaterials107.9K$4.4M3.5%+34.4%
GPRK GEOPARK LTDEnergy352.8K$3.4M2.7%New
ANGI ANGI INCServices media485.3K$3.3M2.7%+72.0%
LODE COMSTOCK INCOther849.8K$2.6M2.1%+22.4%
QURE UNIQURE NVHealthcare152.0K$2.5M2.0%+3.8%
LMNR LIMONEIRA COConsumer staples171.1K$2.3M1.8%+0.7%
PPLI PEOPLE INCTechnology51.1K$2.0M1.6%-48.7%
VET VERMILION ENERGY INCEnergy137.7K$1.9M1.5%-52.3%
GEL GENESIS ENERGY L.P.Energy85.2K$1.5M1.2%-8.7%
IDYA IDEAYA BIOSCIENCES INCHealthcare39.2K$1.3M1.1%+0.3%
NRIX NURIX THERAPEUTICS INCHealthcare80.2K$1.2M1.0%Held
RARE ULTRAGENYX PHARMACEUTICAL INHealthcare56.6K$1.2M1.0%+0.7%
GPN GLOBAL PAYMENTS INCServices media15.3K$1.0M0.8%-75.0%
ORGO ORGANOGENESIS HOLDINGS INCHealthcare420.1K$996K0.8%-1.0%
LYB LYONDELLBASELL INDU-CL AOther10.4K$841K0.7%-87.1%
XOM EXXON MOBIL CORPEnergy4.6K$786K0.6%+172.6%
NOMD NOMAD FOODS LTDConsumer staples80.3K$772K0.6%New
RVMD REVOLUTION MEDICINES INCHealthcare7.9K$771K0.6%Held
FPH FIVE POINT HOLDINGS LLC-CL AReal estate141.7K$686K0.6%+13.3%
ET ENERGY TRANSFER LPUtilities27.0K$521K0.4%Held
PTCT PTC THERAPEUTICS INCHealthcare6.0K$409K0.3%Held
CDZI CADIZ INCUtilities53.8K$264K0.2%Held
JNJ JOHNSON & JOHNSONHealthcare872$213K0.2%-10.3%
IMSR TERRESTRIAL ENERGY INCIndustrials16.0K$96K0.1%New
EU ENCORE ENERGY CORPMaterials52.3K$94K0.1%-65.7%
JRVR JAMES RIVER GROUP HOLDINGS IFinancials14.2K$89K0.1%-97.4%
TWST TWIST BIOSCIENCE CORPHealthcare1.6K$76K0.1%New
FWRD FORWARD AIR CORPIndustrials3.0K$50K0.0%New
PINS PINTEREST INCTechnology1.8K$33K0.0%New
URG UR-ENERGY INCMaterials15.0K$22K0.0%New
KD KYNDRYL HOLDINGS INCTechnology1.0K$13K0.0%New
NXGL NEXGEL INCHealthcare20.0K$13K0.0%New
PCT PURECYCLE TECHNOLOGIES INCMaterials1.0K$5K0.0%New
SGML SIGMA LITHIUM CORPMaterials100$1K0.0%New
ARVN ARVINAS INCHealthcare100$1K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 19, 202662$124.3M canonicalSEC ↗
Q4 202513F-HRMar 9, 202652$134.5M canonicalSEC ↗