Lombard Odier Asset Management (USA) Corp
Long book
$132.6M
Q1 2026
Positions
192
Top-10 weight
21%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
78%
of book per quarter
Strategy in plain words
auto-generated from filingsLombard Odier Asset Management (USA) Corp is a quantitative fund whose holdings reflect models, not opinions, running a $132.6M US long book across 192 positions.
The portfolio is broadly diversified across 192 positions (top 10 only 21%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CAESARS ENTERTAINMENT INC, APPLE INC, ALPHABET INC-CL A, DAUCH CORPORATION, CLEVELAND-CLIFFS INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 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
-0.2%
Q2 2024
+12.8%
Q3 2024
-11.5%
Q4 2024
-5.0%
Q1 2025
+11.7%
Q2 2025
+7.5%
Q3 2025
+3.6%
Q4 2025
+7.7%
Q1 2026
+8.8%
Sector allocation
Industrials 19%
Technology 15%
Consumer discretionary 15%
Services media 13%
Energy 10%
Other 7%
Financials 6%
Healthcare 5%
Long book by quarter
What does Lombard Odier own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CZR CAESARS ENTERTAINMENT INC | Services media | 158.0K | $4.2M | 3.1% | +14.9% |
| AAPL APPLE INC | Technology | 12.4K | $3.1M | 2.4% | +0.9% |
| GOOGL ALPHABET INC-CL A | Technology | 9.9K | $2.8M | 2.1% | -47.6% |
| DCH DAUCH CORPORATION | Industrials | 460.0K | $2.7M | 2.1% | -6.1% |
| CLF CLEVELAND-CLIFFS INC | Materials | 320.0K | $2.7M | 2.0% | +68.4% |
| NBR NABORS INDUSTRIES LTD | Energy | 31.0K | $2.7M | 2.0% | -30.3% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 68.0K | $2.5M | 1.9% | +126.7% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 3.4K | $2.5M | 1.9% | +156.2% |
| NEXN NEXXEN INTERNATIONAL LTD | Technology | 489.1K | $2.4M | 1.8% | +736.6% |
| OGN ORGANON & CO | Healthcare | 380.0K | $2.3M | 1.7% | New |
| CLMT CALUMET INC | Energy | 59.5K | $2.1M | 1.6% | -40.5% |
| MSFT MICROSOFT CORP | Technology | 5.7K | $2.1M | 1.6% | +39.2% |
| MCK MCKESSON CORP | Consumer discretionary | 2.4K | $2.1M | 1.6% | -6.6% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 22.6K | $2.1M | 1.6% | +5.1% |
| QXO QXO INC | Consumer discretionary | 97.1K | $1.9M | 1.4% | -4.6% |
| SLB SLB LTD | Energy | 36.0K | $1.9M | 1.4% | -23.4% |
| NFLX NETFLIX INC | Services media | 19.0K | $1.8M | 1.4% | New |
| EXE EXPAND ENERGY CORP | Energy | 16.4K | $1.8M | 1.4% | -23.8% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 3.9K | $1.7M | 1.3% | -23.7% |
| DECK DECKERS OUTDOOR CORP | Other | 17.0K | $1.7M | 1.3% | +23.6% |
| APG API GROUP CORP | Services media | 39.9K | $1.6M | 1.2% | -33.1% |
| FDX FEDEX CORP | Industrials | 4.5K | $1.6M | 1.2% | -23.8% |
| GLNG GOLAR LNG LTD | Industrials | 28.7K | $1.6M | 1.2% | New |
| GT GOODYEAR TIRE & RUBBER CO | Other | 226.0K | $1.5M | 1.1% | +66.2% |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 96.9K | $1.5M | 1.1% | -23.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 9.2K | $1.5M | 1.1% | New |
| RBC RBC BEARINGS INC | Industrials | 2.7K | $1.5M | 1.1% | -54.6% |
| AER AERCAP HOLDINGS NV | Services media | 10.5K | $1.4M | 1.1% | -49.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 13.6K | $1.4M | 1.1% | -23.8% |
| TDG TRANSDIGM GROUP INC | Industrials | 1.1K | $1.3M | 1.0% | -25.0% |
| COR CENCORA INC | Consumer discretionary | 4.2K | $1.3M | 1.0% | -31.8% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 2.7K | $1.3M | 1.0% | New |
| SW SMURFIT WESTROCK PLC | Other | 32.5K | $1.3M | 1.0% | New |
| LUV SOUTHWEST AIRLINES CO | Industrials | 34.4K | $1.3M | 1.0% | -49.7% |
| FIVE FIVE BELOW | Consumer discretionary | 5.4K | $1.2M | 0.9% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 19.4K | $1.2M | 0.9% | -12.3% |
| ZGN ERMENEGILDO ZEGNA NV | Other | 115.0K | $1.2M | 0.9% | New |
| PGR PROGRESSIVE CORP | Financials | 6.0K | $1.2M | 0.9% | -45.6% |
| CRGY CRESCENT ENERGY INC-A | Energy | 87.0K | $1.2M | 0.9% | -37.9% |
| TLN TALEN ENERGY CORP | Utilities | 3.6K | $1.2M | 0.9% | -60.0% |
| AMRZ AMRIZE LTD | Industrials | 20.2K | $1.1M | 0.9% | New |
| GM GENERAL MOTORS CO | Industrials | 14.9K | $1.1M | 0.8% | -57.6% |
| SNX TD SYNNEX CORP | Consumer discretionary | 6.4K | $1.1M | 0.8% | +92.8% |
| PHM PULTEGROUP INC | Industrials | 8.8K | $1.0M | 0.8% | -23.8% |
| ROST ROSS STORES INC | Consumer discretionary | 4.6K | $987K | 0.7% | New |
| HEI HEICO CORP | Industrials | 3.6K | $976K | 0.7% | +32.0% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 14.9K | $971K | 0.7% | New |
| NVDA NVIDIA CORP | Technology | 5.5K | $957K | 0.7% | +14.6% |
| OSIS OSI SYSTEMS INC | Technology | 3.6K | $957K | 0.7% | -58.9% |
| MHK MOHAWK INDUSTRIES INC | Other | 9.7K | $953K | 0.7% | -23.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 263 | $957.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 213 | $1.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 415 | $1.49B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 362 | $1.31B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 198 | $1.27B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 284 | $1.36B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 260 | $1.50B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 246 | $1.35B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 342 | $4.13B | canonical | SEC ↗ |
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