Lifeyrissjodur verzlunarmanna (Pension Fund of Commerce)
Long book
$204.0M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsLifeyrissjodur verzlunarmanna (Pension Fund of Commerce) is a diversified fundamental manager, specialised in industrials (100% of the long book), running a $204.0M US long book across 1 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder.
Over the last 5 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 2 of 5 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 2025
-1.5%
Q2 2025
+16.9%
Q3 2025
+7.3%
Q4 2025
-15.1%
Q1 2026
+14.1%
Sector allocation
No sector data
Long book by quarter
What does Lifeyrissjodur verzlunarmanna own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|