Flight Deck Capital, LP
Long book
$137.5M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+42.2%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsFlight Deck Capital, LP is a concentrated fundamental stock-picker, running a $137.5M US long book across 10 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: UNITY SOFTWARE INC, BLOOM ENERGY CORP- A, SEA LTD-ADR, CLOUDFLARE INC - CLASS A, AEVA TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 6.3pp per quarter ahead of the S&P 500, beating the index in 5 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
-1.3%
Q2 2024
+7.1%
Q3 2024
+7.4%
Q4 2024
-6.6%
Q1 2025
+38.0%
Q2 2025
+21.4%
Q3 2025
-3.6%
Q4 2025
-7.8%
Q1 2026
+42.2%
Sector allocation
Technology 42%
Industrials 34%
Services media 8%
Financials 8%
Consumer discretionary 7%
Long book by quarter
What does Flight Deck own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| U UNITY SOFTWARE INC | Technology | 1.4M | $30.7M | 22.3% | +368.2% |
| BE BLOOM ENERGY CORP- A | Industrials | 205.3K | $27.8M | 20.2% | -24.2% |
| NET CLOUDFLARE INC - CLASS A | Technology | 64.6K | $13.3M | 9.7% | New |
| AEVA AEVA TECHNOLOGIES INC | Industrials | 807.0K | $10.6M | 7.7% | +5.9% |
| MELI MERCADOLIBRE INC | Services media | 5.6K | $9.6M | 7.0% | Held |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 133.0K | $9.2M | 6.7% | +35.6% |
| CVNA CARVANA CO | Consumer discretionary | 26.3K | $8.3M | 6.0% | -17.3% |
| TOST TOAST INC-CLASS A | Technology | 156.2K | $4.1M | 3.0% | +164.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 10 | $137.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 11 | $117.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 13 | $132.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 14 | $94.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $96.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $89.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 13 | $85.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $75.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $77.4M | canonical | SEC ↗ |
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