Nishkama Capital, LLC

Fundamental diversified ★Signal CIK 1633799
League rank
#70
in Fundamental diversified · #333 overall
Long book
$702.9M
Q1 2026
Positions
39
Top-10 weight
55%
concentration
Last quarter
+24.6%
SPY +14.8%
Turnover
76%
of book per quarter

Strategy in plain words

auto-generated from filings

Nishkama Capital, LLC is a diversified fundamental manager, running a $702.9M US long book across 39 positions.

The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: EQUINIX INC, AMAZON.COM INC, WILLIAMS COS INC, ASML HOLDING NV-NY REG SHS, STMICROELECTRONICS NV-NY SHS.

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 5 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
-1.4%
Q2 2024
+7.0%
Q3 2024
+8.8%
Q4 2024
-11.1%
Q1 2025
+31.8%
Q2 2025
+22.4%
Q3 2025
-3.2%
Q4 2025
-7.3%
Q1 2026
+24.6%

Sector allocation

Technology
29%
Financials
14%
Consumer discretionary
12%
Other
12%
Industrials
10%
Utilities
7%
Services media
6%
Energy
5%

Long book by quarter

$878.2M
Q1 2024
$669.1M
Q2 2024
$648.5M
Q3 2024
$612.0M
Q4 2024
$238.5M
Q1 2025
$610.5M
Q2 2025
$1.11B
Q3 2025
$739.8M
Q4 2025
$702.9M
Q1 2026

What does Nishkama Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary176.1K$36.7M5.2%-45.1%
WMB WILLIAMS COS INCUtilities499.1K$36.3M5.2%+60.3%
ASML ASML HOLDING NV-NY REG SHSIndustrials23.6K$31.1M4.4%New
STM STMICROELECTRONICS NV-NY SHSTechnology838.7K$29.0M4.1%New
AMAT APPLIED MATERIALS INCTechnology83.9K$28.7M4.1%New
RKT ROCKET COS INC-CLASS AFinancials1.8M$25.5M3.6%+183.9%
TXN TEXAS INSTRUMENTS INCTechnology128.8K$25.0M3.6%+128.4%
EQT EQT CORPEnergy372.6K$23.7M3.4%+64.1%
STXN SEAGATE TECHNOLOGY HOLDINGS50.3K$19.7M2.8%+226.4%
AMD ADVANCED MICRO DEVICESTechnology93.6K$19.0M2.7%New
FIGR FIGURE TECHNOLOGY SOLUT-CL AFinancials542.9K$18.4M2.6%-28.1%
W WAYFAIR INC- CLASS AConsumer discretionary243.4K$18.3M2.6%New
COHR COHERENT CORPOther66.3K$15.8M2.2%-2.5%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications180.2K$15.3M2.2%New
ENTG ENTEGRIS INCOther112.6K$13.2M1.9%-64.9%
SHLS SHOALS TECHNOLOGIES GROUP -ATechnology2.0M$13.1M1.9%+83.5%
ZM ZOOM COMMUNICATIONS INCTechnology158.0K$12.7M1.8%New
BE BLOOM ENERGY CORP- AIndustrials92.6K$12.5M1.8%-61.8%
TSEM TOWER SEMICONDUCTOR LTDTechnology69.2K$12.1M1.7%New
UBER UBER TECHNOLOGIES INCServices media166.9K$12.0M1.7%New
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials832.9K$12.0M1.7%-25.1%
IMAX IMAX CORPOther296.8K$11.3M1.6%+84.2%
GRAB GRAB HOLDINGS LTD - CL AServices media2.9M$10.6M1.5%+61.7%
FCX FREEPORT-MCMORAN INCMaterials166.6K$9.8M1.4%New
CORZ CORE SCIENTIFIC INCFinancials645.8K$9.7M1.4%New
AKAM AKAMAI TECHNOLOGIES INCServices media78.9K$9.1M1.3%New
CPNG COUPANG INCConsumer discretionary479.0K$9.0M1.3%New
VRSN VERISIGN INCTechnology23.9K$5.9M0.8%New
WRBY WARBY PARKER INC-CLASS AHealthcare261.4K$5.5M0.8%-45.7%
PICS PICS NVFinancials463.6K$4.8M0.7%New
AZ A2Z CUST2MATE SOLUTIONS CORPIndustrials474.5K$3.2M0.5%New
ARRY ARRAY TECHNOLOGIES INCTechnology302.6K$2.2M0.3%New
VECO VEECO INSTRUMENTS INCIndustrials60.4K$2.0M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202652$1.58B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202661$2.49B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025113$4.20B canonicalSEC ↗
Q2 202513F-HRAug 14, 202567$2.74B canonicalSEC ↗
Q1 202513F-HRMay 14, 202549$936.1M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202559$1.48B canonicalSEC ↗
Q3 202413F-HRNov 14, 202487$1.31B canonicalSEC ↗
Q2 202413F-HRAug 14, 202458$1.31B canonicalSEC ↗
Q1 202413F-HRMay 15, 202491$1.26B canonicalSEC ↗