Inherent Management Corp.
Long book
$196.8M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsInherent Management Corp. is a wealth-management firm allocating client money, running a $196.8M US long book across 9 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: VANGUARD FTSE DEVELOPED ETF, ISHARES CORE MSCI EMERGING, NEXTERA ENERGY INC, SOTERA HEALTH CO, TRANSDIGM GROUP INC.
Over the last 6 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-5.3%
Q1 2025
+7.2%
Q2 2025
+5.8%
Q3 2025
+5.2%
Q4 2025
-4.0%
Q1 2026
+9.7%
Sector allocation
Utilities 32%
Healthcare 29%
Industrials 20%
Financials 19%
Long book by quarter
What does Inherent Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEE NEXTERA ENERGY INC | Utilities | 284.5K | $26.4M | 13.4% | +9.4% |
| SHC SOTERA HEALTH CO | Healthcare | 1.7M | $23.8M | 12.1% | +41.6% |
| TDG TRANSDIGM GROUP INC | Industrials | 10.0K | $11.6M | 5.9% | +29.9% |
| STEP STEPSTONE GROUP INC-CLASS A | Financials | 233.7K | $11.2M | 5.7% | New |
| EVTL VERTICAL AEROSPACE LTD | Industrials | 2.2M | $4.8M | 2.5% | +63.8% |
| RPC RIDGEPOST CAPITAL INC-A | Financials | 550.0K | $4.0M | 2.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 9 | $196.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 8 | $194.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $174.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Nov 14, 2025 | 2 | $77.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 8 | $120.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ANEW HOLDINGS | Nov 14, 2025 | 2 | $35.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 9 | $128.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | May 14, 2025 | 8 | $123.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $113.4M | SEC ↗ |