LECAP ASSET MANAGEMENT LTD
Long book
$265.9M
Q1 2026
Positions
267
Top-10 weight
10%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
66%
of book per quarter
Strategy in plain words
auto-generated from filingsLECAP ASSET MANAGEMENT LTD is a quantitative fund whose holdings reflect models, not opinions, running a $265.9M US long book across 267 positions.
The portfolio is broadly diversified across 267 positions (top 10 only 10%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: INTERACTIVE BROKERS GRO-CL A, TOLL BROTHERS INC, SYSCO CORP, MASTERCARD INC - A, SS&C TECHNOLOGIES HOLDINGS.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 5 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
-3.4%
Q2 2024
+8.9%
Q3 2024
+1.8%
Q4 2024
-4.2%
Q1 2025
+7.1%
Q2 2025
+2.7%
Q3 2025
+3.7%
Q4 2025
-4.1%
Q1 2026
+14.8%
Sector allocation
Technology 22%
Financials 21%
Industrials 14%
Consumer discretionary 12%
Healthcare 11%
Services media 8%
Other 6%
Consumer staples 4%
Long book by quarter
What does LECAP ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 40.7K | $2.7M | 1.0% | New |
| TOL TOLL BROTHERS INC | Industrials | 19.9K | $2.7M | 1.0% | New |
| SYY SYSCO CORP | Consumer discretionary | 37.7K | $2.7M | 1.0% | New |
| MA MASTERCARD INC - A | Services media | 5.3K | $2.7M | 1.0% | New |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 38.5K | $2.6M | 1.0% | New |
| TPG TPG INC | Financials | 63.4K | $2.6M | 1.0% | New |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 34.0K | $2.6M | 1.0% | New |
| CPRT COPART INC | Consumer discretionary | 76.6K | $2.5M | 1.0% | +59.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.2K | $2.5M | 0.9% | +198.1% |
| DOCU DOCUSIGN INC | Technology | 52.7K | $2.5M | 0.9% | +332.5% |
| IEX IDEX CORP | Industrials | 13.1K | $2.5M | 0.9% | New |
| AAPL APPLE INC | Technology | 9.8K | $2.5M | 0.9% | +578.2% |
| VRSN VERISIGN INC | Technology | 9.7K | $2.4M | 0.9% | New |
| DECK DECKERS OUTDOOR CORP | Other | 23.4K | $2.3M | 0.9% | +22.3% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 5.0K | $2.2M | 0.8% | +509.8% |
| PODD INSULET CORP | Healthcare | 10.5K | $2.2M | 0.8% | +17.4% |
| CNC CENTENE CORP | Financials | 66.8K | $2.2M | 0.8% | +29.8% |
| TPR TAPESTRY INC | Other | 15.0K | $2.1M | 0.8% | New |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 29.5K | $2.1M | 0.8% | +660.7% |
| NOW SERVICENOW INC | Technology | 20.0K | $2.1M | 0.8% | +19.8% |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 1.6K | $2.1M | 0.8% | New |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 4.5K | $2.1M | 0.8% | +142.1% |
| UNM UNUM GROUP | Financials | 27.7K | $2.0M | 0.8% | +28.6% |
| TGT TARGET CORP | Consumer discretionary | 16.6K | $2.0M | 0.8% | New |
| RRX REGAL REXNORD CORP | Industrials | 10.5K | $2.0M | 0.7% | New |
| BBWI BATH & BODY WORKS INC | Consumer discretionary | 104.9K | $2.0M | 0.7% | +89.1% |
| UBER UBER TECHNOLOGIES INC | Services media | 26.9K | $1.9M | 0.7% | +489.5% |
| APH AMPHENOL CORP-CL A | Technology | 15.1K | $1.9M | 0.7% | New |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 16.1K | $1.9M | 0.7% | New |
| CHE CHEMED CORP | Healthcare | 5.0K | $1.9M | 0.7% | +137.9% |
| ELV ELEVANCE HEALTH INC | Financials | 6.4K | $1.9M | 0.7% | New |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 19.2K | $1.8M | 0.7% | +52.8% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 22.3K | $1.8M | 0.7% | New |
| SF STIFEL FINANCIAL CORP | Financials | 24.5K | $1.8M | 0.7% | +122.8% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 34.1K | $1.7M | 0.7% | +105.8% |
| PATH UIPATH INC - CLASS A | Technology | 156.2K | $1.7M | 0.7% | +74.4% |
| MSFT MICROSOFT CORP | Technology | 4.6K | $1.7M | 0.6% | New |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 9.8K | $1.7M | 0.6% | -15.4% |
| FICO FAIR ISAAC CORP | Services media | 1.6K | $1.7M | 0.6% | +411.9% |
| FDX FEDEX CORP | Industrials | 4.6K | $1.6M | 0.6% | New |
| MU MICRON TECHNOLOGY INC | Technology | 4.8K | $1.6M | 0.6% | -17.6% |
| MORN MORNINGSTAR INC | Financials | 9.6K | $1.6M | 0.6% | New |
| ON ON SEMICONDUCTOR | Technology | 25.8K | $1.6M | 0.6% | +233.4% |
| FOX FOX CORP - CLASS B | Communications | 30.0K | $1.6M | 0.6% | +69.6% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 34.1K | $1.6M | 0.6% | +84.2% |
| CGNX COGNEX CORP | Technology | 31.9K | $1.6M | 0.6% | +14.2% |
| AME AMETEK INC | Technology | 7.2K | $1.5M | 0.6% | New |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 13.0K | $1.5M | 0.6% | +9.9% |
| U UNITY SOFTWARE INC | Technology | 67.1K | $1.5M | 0.6% | New |
| EG EVEREST GROUP LTD | Financials | 4.5K | $1.5M | 0.5% | -13.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 267 | $265.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 277 | $251.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 266 | $287.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 290 | $282.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 278 | $428.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 279 | $368.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 297 | $463.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 301 | $463.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 281 | $480.4M | canonical | SEC ↗ |
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