Naria Inc.
Long book
$556.5M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
-9.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsNaria Inc. is a diversified fundamental manager, specialised in industrials (100% of the long book), running a $556.5M 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. Current anchor positions: GOLAR LNG LTD.
Over the last 6 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 1 of 6 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
Q4 2024
-9.5%
Q1 2025
+9.1%
Q2 2025
-1.3%
Q3 2025
-7.3%
Q4 2025
+46.2%
Q1 2026
-9.4%
Sector allocation
Industrials 100%
Long book by quarter
What does Naria Inc. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GLNG GOLAR LNG LTD | Industrials | 10.3M | $556.5M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 1 | $556.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 1 | $382.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1 | $415.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 1 | $423.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 1 | $390.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1 | $435.2M | canonical | SEC ↗ |