FOX RUN MANAGEMENT, L.L.C.

Quant stat arb Low signal CIK 1533457
League rank
#70
in Quant stat arb · #1727 overall
Long book
$571.6M
Q1 2026
Positions
856
Top-10 weight
5%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
68%
of book per quarter

Strategy in plain words

auto-generated from filings

FOX RUN MANAGEMENT, L.L.C. is a quantitative fund whose holdings reflect models, not opinions, running a $571.6M US long book across 856 positions.

The portfolio is broadly diversified across 856 positions (top 10 only 5%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS ENERGY SELECT SECTOR, CUMMINS INC, JM SMUCKER CO/THE, CITIGROUP INC, GENERAC HOLDINGS INC.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 2 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
-2.0%
Q2 2024
+9.0%
Q3 2024
+1.6%
Q4 2024
-5.2%
Q1 2025
+9.9%
Q2 2025
+6.3%
Q3 2025
+1.5%
Q4 2025
+0.1%
Q1 2026
+14.7%

Sector allocation

Industrials
20%
Technology
19%
Financials
13%
Healthcare
10%
Consumer discretionary
8%
Services media
7%
Other
7%
Utilities
4%

Long book by quarter

$463.8M
Q1 2024
$531.4M
Q2 2024
$449.4M
Q3 2024
$550.7M
Q4 2024
$645.6M
Q1 2025
$600.2M
Q2 2025
$641.4M
Q3 2025
$647.9M
Q4 2025
$571.6M
Q1 2026

What does FOX RUN own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CMI CUMMINS INCIndustrials5.2K$2.6M0.5%+672.3%
SJM JM SMUCKER CO/THEConsumer staples27.6K$2.6M0.5%+1191.3%
C CITIGROUP INCFinancials24.3K$2.6M0.5%New
GNRC GENERAC HOLDINGS INCIndustrials13.0K$2.4M0.4%New
FTI TECHNIPFMC PLCIndustrials34.6K$2.3M0.4%+206.1%
GLBE GLOBAL-E ONLINE LTDTechnology81.2K$2.3M0.4%+200.5%
AMKR AMKOR TECHNOLOGY INCTechnology55.9K$2.3M0.4%+365.7%
SYY SYSCO CORPConsumer discretionary32.5K$2.3M0.4%New
WST WEST PHARMACEUTICAL SERVICESHealthcare9.1K$2.2M0.4%+138.7%
NRG NRG ENERGY INCUtilities15.6K$2.2M0.4%New
BALL BALL CORPIndustrials38.0K$2.2M0.4%+303.2%
EHC ENCOMPASS HEALTH CORPHealthcare22.5K$2.2M0.4%New
VST VISTRA CORPUtilities14.7K$2.2M0.4%New
MCHP MICROCHIP TECHNOLOGY INCTechnology36.0K$2.2M0.4%+28.2%
SCHW SCHWAB (CHARLES) CORPFinancials23.1K$2.2M0.4%+76.1%
PR PERMIAN RESOURCES CORP-CL AEnergy99.2K$2.1M0.4%New
GTES GATES INDUSTRIAL CORP PLCIndustrials100.0K$2.1M0.4%New
IR INGERSOLL-RAND INCIndustrials26.9K$2.1M0.4%-6.7%
BLK BLACKROCK INCFinancials2.2K$2.1M0.4%-18.0%
GD GENERAL DYNAMICS CORPIndustrials6.0K$2.1M0.4%+450.0%
JXN JACKSON FINANCIAL INC-AFinancials19.7K$2.0M0.4%+7.0%
NET CLOUDFLARE INC - CLASS ATechnology10.4K$2.0M0.4%+401.5%
NXPI NXP SEMICONDUCTORS NVTechnology10.6K$2.0M0.3%New
CVLT COMMVAULT SYSTEMS INCTechnology26.3K$2.0M0.3%New
TIGO MILLICOM INTL CELLULAR S.A.Communications26.8K$2.0M0.3%+70.5%
STNG SCORPIO TANKERS INCIndustrials25.8K$1.9M0.3%New
RBLX ROBLOX CORP -CLASS ATechnology36.0K$1.9M0.3%+9.3%
RGA REINSURANCE GROUP OF AMERICAFinancials9.3K$1.9M0.3%+78.4%
YUM YUM! BRANDS INCConsumer discretionary11.9K$1.8M0.3%+79.7%
JCI JOHNSON CONTROLS INTERNATIONIndustrials14.4K$1.8M0.3%New
EQT EQT CORPEnergy28.1K$1.8M0.3%New
GFS GLOBALFOUNDRIES INCTechnology43.5K$1.8M0.3%+38.8%
CCK CROWN HOLDINGS INCIndustrials18.2K$1.8M0.3%+344.5%
ABNB AIRBNB INC-CLASS AServices media14.4K$1.8M0.3%New
OVV OVINTIV INCEnergy29.0K$1.8M0.3%New
RNR RENAISSANCERE HOLDINGS LTDFinancials5.9K$1.7M0.3%+224.2%
LEN LENNAR CORP-AIndustrials20.4K$1.7M0.3%+15.3%
UGI UGI CORPUtilities47.1K$1.7M0.3%New
PODD INSULET CORPHealthcare8.3K$1.7M0.3%+39.0%
HUBS HUBSPOT INCTechnology7.2K$1.7M0.3%+12.6%
SSNC SS&C TECHNOLOGIES HOLDINGSTechnology25.8K$1.7M0.3%+192.5%
FCX FREEPORT-MCMORAN INCMaterials31.4K$1.7M0.3%New
ABT ABBOTT LABORATORIESHealthcare16.9K$1.7M0.3%New
FLEX FLEX LTDTechnology28.1K$1.7M0.3%New
HII HUNTINGTON INGALLS INDUSTRIEIndustrials4.6K$1.7M0.3%New
MSFT MICROSOFT CORPTechnology4.7K$1.7M0.3%New
ACIW ACI WORLDWIDE INCTechnology40.4K$1.6M0.3%+95.7%
TRMDA TORM PLC-A59.4K$1.6M0.3%+229.2%
BOOT BOOT BARN HOLDINGS INCConsumer discretionary11.6K$1.6M0.3%+393.2%
LPG DORIAN LPG LTDIndustrials48.6K$1.6M0.3%+56.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 2026856$571.6M canonicalSEC ↗
Q4 202513F-HRFeb 11, 2026867$647.9M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025872$641.4M canonicalSEC ↗
Q2 202513F-HRAug 6, 2025813$600.2M canonicalSEC ↗
Q1 202513F-HRMay 13, 2025870$645.6M canonicalSEC ↗
Q4 202413F-HRFeb 11, 2025828$550.7M canonicalSEC ↗
Q3 202413F-HRNov 12, 2024761$449.4M canonicalSEC ↗
Q2 202413F-HRAug 13, 2024737$531.4M canonicalSEC ↗
Q1 202413F-HRMay 13, 2024713$463.8M canonicalSEC ↗