NAYA CAPITAL MANAGEMENT UK LTD

Fundamental diversified ★Signal CIK 1665012
Long book
$1.18B
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+53.6%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

NAYA CAPITAL MANAGEMENT UK LTD is a diversified fundamental manager, running a $1.18B US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: LIBERTY MEDIA CORP-FORMULA-C, HUMANA INC, UNITEDHEALTH GROUP INC, WOODWARD INC.

Over the last 9 quarters its long book ran on average 3.5pp per quarter ahead of the S&P 500, beating the index in 3 of 9 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 2024
+0.6%
Q2 2024
-0.2%
Q3 2024
-7.0%
Q4 2024
-6.7%
Q1 2025
+26.8%
Q2 2025
+7.9%
Q3 2025
+8.5%
Q4 2025
-11.4%
Q1 2026
+53.6%

Sector allocation

Financials
48%
Communications
32%
Industrials
21%

Long book by quarter

$1.17B
Q1 2024
$1.18B
Q2 2024
$1.13B
Q3 2024
$944.3M
Q4 2024
$1.11B
Q1 2025
$1.30B
Q2 2025
$1.18B
Q3 2025
$1.33B
Q4 2025
$1.18B
Q1 2026

What does NAYA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications4.4M$376.5M31.9%+109.5%
HUM HUMANA INCFinancials1.7M$288.7M24.4%+33.9%
UNH UNITEDHEALTH GROUP INCFinancials1.0M$273.4M23.2%+10.7%
WWD WOODWARD INCIndustrials677.4K$242.5M20.5%-31.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20264$1.18B canonicalSEC ↗
Q4 202513F-HRFeb 18, 20265$1.33B canonicalSEC ↗
Q3 202513F-HRNov 14, 20255$1.18B canonicalSEC ↗
Q2 202513F-HRAug 14, 20255$1.44B canonicalSEC ↗
Q1 202513F-HRMay 15, 20254$1.11B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20255$944.3M canonicalSEC ↗
Q3 202413F-HRNov 14, 20246$1.19B canonicalSEC ↗
Q2 202413F-HRAug 14, 20246$1.24B canonicalSEC ↗
Q1 202413F-HRMay 15, 20247$1.48B canonicalSEC ↗