GLAZER CAPITAL, LLC

Quant stat arb Low signal financials specialist (69%) CIK 1076809
Long book
$4.51B
Q1 2026
Positions
478
Top-10 weight
44%
concentration
Last quarter
-3.5%
SPY +14.8%
Turnover
53%
of book per quarter

Strategy in plain words

auto-generated from filings

GLAZER CAPITAL, LLC is a quantitative fund whose holdings reflect models, not opinions, specialised in financials (69% of the long book), running a $4.51B US long book across 478 positions.

The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AIR LEASE CORP, HOLOGIC INC, SEALED AIR CORP, LEARWATER ANALYTICS HLDGS I, AMICUS THERAPEUTICS INC.

Over the last 9 quarters its long book ran on average 3.2pp 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
+1.2%
Q2 2024
+4.4%
Q3 2024
+1.7%
Q4 2024
+2.0%
Q1 2025
+3.1%
Q2 2025
+4.6%
Q3 2025
-0.2%
Q4 2025
-1.7%
Q1 2026
-3.5%

Sector allocation

Other
48%
Financials
36%
Services media
6%
Technology
4%
Healthcare
3%
Communications
2%
Industrials
1%
Utilities
1%

Long book by quarter

$926.4M
Q1 2024
$1.14B
Q2 2024
$1.45B
Q3 2024
$1.25B
Q4 2024
$1.96B
Q1 2025
$2.42B
Q2 2025
$2.71B
Q3 2025
$3.39B
Q4 2025
$4.51B
Q1 2026

What does GLAZER CAPITAL, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AL AIR LEASE CORP5.4M$350.7M7.8%+123.6%
HO1 HOLOGIC INC3.6M$269.4M6.0%+867.4%
SDA SEALED AIR CORPServices media5.1M$214.0M4.7%+263.5%
AM6 AMICUS THERAPEUTICS INC12.7M$184.0M4.1%+693.3%
K4F ONESTREAM INC7.5M$180.9M4.0%New
ACLXGBX ARCELLX INC1.5M$173.0M3.8%New
DBRG DIGITALBRIDGE GROUP INCFinancials9.3M$143.4M3.2%+1062.7%
BHF BRIGHTHOUSE FINANCIAL INCFinancials2.4M$143.2M3.2%+36.9%
430 TERNS PHARMACEUTICALS INC2.3M$121.0M2.7%New
T86 TRI POINTE HOMES INC2.2M$104.5M2.3%New
DAWNGBX DAY ONE BIOPHARMACEUTICALS I4.7M$100.4M2.2%New
EA ELECTRONIC ARTS INCTechnology420.0K$85.6M1.9%-17.1%
628 SEMRUSH HOLDINGS INC-A6.3M$75.2M1.7%+675.3%
SEM SELECT MEDICAL HOLDINGS CORPHealthcare4.1M$66.5M1.5%New
APLSUSD APELLIS PHARMACEUTICALS INC1.3M$52.1M1.2%New
GLDD GREAT LAKES DREDGE & DOCK CO2.9M$50.1M1.1%New
WBD WARNER BROS DISCOVERY INCCommunications1.6M$44.9M1.0%+391.8%
PRA PROASSURANCE CORPFinancials1.5M$38.2M0.8%+589.3%
AAUC ALLIED GOLD CORP1.1M$34.4M0.8%New
GTLS CHART INDUSTRIES INCIndustrials151.6K$31.3M0.7%+57.7%
PEN PENUMBRA INCHealthcare94.8K$31.1M0.7%New
MASI* MASIMO CORP157.9K$28.1M0.6%New
DMII DRUGS MADE IN AMERICA ACQUISFinancials2.3M$23.4M0.5%0.0%
CTRA COTERRA ENERGY INC665.5K$23.4M0.5%New
SKYT SKYWATER TECHNOLOGY INCTechnology847.0K$23.2M0.5%New
BLFY BLUE FOUNDRY BANCORP1.7M$22.7M0.5%+79.0%
GIW GIGCAPITAL8 CORP-AFinancials2.2M$21.6M0.5%-0.6%
GIX GIGCAPITAL9 CORP-CL AFinancials2.2M$21.4M0.5%New
AES AES CORPUtilities1.4M$19.7M0.4%New
STKL SUNOPTA INC2.9M$19.1M0.4%New
EVAC EQV VENTURES ACQUISITION C-AFinancials1.8M$18.4M0.4%-17.3%
BVE DIAMOND HILL INVESTMENT GRP104.5K$18.0M0.4%+315.4%
DMAA DRUGS MADE IN AMERICA ACQUISFinancials1.7M$17.6M0.4%-7.6%
TACO BERTO ACQUISITION CORPFinancials1.6M$16.2M0.4%+8.9%
DBCA D. BORAL ACQUISITION I-CL AFinancials1.6M$16.0M0.4%New
OYSE OYSTER ENTERPRISES II ACQ-AFinancials1.6M$15.8M0.3%+3.2%
GSRF GSR IV ACQUISITION CORP-CL AFinancials1.5M$15.2M0.3%0.0%
XSLL XSOLLA SPAC 1-CL AFinancials1.5M$15.0M0.3%New
MESH MESHFLOW ACQUISITION CO-CL AFinancials1.5M$14.8M0.3%New
SCII SC II ACQUISITION CORP-CL AFinancials1.5M$14.6M0.3%New
ENHA ENHANCED GROUP INCServices media1.4M$14.2M0.3%+18.9%
AXIN AXIOM INTELLIGENCE-CL AFinancials1.4M$14.2M0.3%+16.3%
ALUB ALUSSA ENERGY ACQUISIT II-AFinancials1.4M$13.6M0.3%New
KFII K&F GROWTH ACQUISITION COR-AFinancials1.3M$13.6M0.3%+8.7%
ANSC AGRICULTURE & NATURAL SOLUTIFinancials1.2M$13.5M0.3%-19.2%
AACB ARTIUS II ACQUISITION INC-AFinancials1.3M$13.4M0.3%+12.1%
LBRDK LIBERTY BROADBAND-CCommunications261.0K$13.1M0.3%+214.1%
TALK TALKSPACE INCHealthcare2.5M$13.0M0.3%New
KOYN CSLM DIGITAL ASSET ACQU - AFinancials1.3M$12.7M0.3%+5.3%
JACS JACKSON ACQUISITION CO-CL AFinancials1.2M$12.7M0.3%-0.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 2026527$4.71B $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026400$3.80B $K fixed canonicalSEC ↗
Q3 202513F-HRNov 13, 2025329$2.98B $K fixed canonicalSEC ↗
Q2 202513F-HRAug 14, 2025254$2.80B $K fixed canonicalSEC ↗
Q1 202513F-HRMay 15, 2025208$2.16B $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025150$1.48B $K fixed canonicalSEC ↗
Q3 202413F-HRNov 14, 2024142$1.72B $K fixed canonicalSEC ↗
Q2 202413F-HRAug 14, 2024139$1.29B $K fixed canonicalSEC ↗
Q1 202413F-HRMay 15, 2024132$960.9M $K fixed canonicalSEC ↗