P SCHOENFELD ASSET MANAGEMENT LP

Fundamental concentrated ★Signal CIK 1040198
League rank
#573
in Fundamental concentrated · #2923 overall
Long book
$125.8M
Q1 2026
Positions
26
Top-10 weight
70%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
45%
of book per quarter

Strategy in plain words

auto-generated from filings

P SCHOENFELD ASSET MANAGEMENT LP is a concentrated fundamental stock-picker, running a $125.8M US long book across 26 positions.

The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: WARNER BROS DISCOVERY INC, TERAWULF INC, CORE SCIENTIFIC INC, Janus Hendersongroup Pl, LIBERTY BROADBAND-C.

Over the last 9 quarters its long book ran on average 8.3pp 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
-5.6%
Q2 2024
+32.6%
Q3 2024
-1.3%
Q4 2024
+5.3%
Q1 2025
+33.6%
Q2 2025
+38.0%
Q3 2025
-1.9%
Q4 2025
+2.0%
Q1 2026
+12.6%

Sector allocation

Communications
32%
Technology
15%
Financials
15%
Other
15%
Materials
7%
Industrials
5%
Utilities
4%
Consumer staples
3%

Long book by quarter

$217.5M
Q1 2024
$224.2M
Q2 2024
$271.6M
Q3 2024
$239.6M
Q4 2024
$257.1M
Q1 2025
$312.6M
Q2 2025
$353.3M
Q3 2025
$203.9M
Q4 2025
$125.8M
Q1 2026

What does P SCHOENFELD own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WBD WARNER BROS DISCOVERY INCCommunications880.3K$24.2M19.2%+142.8%
WULF TERAWULF INCFinancials616.0K$8.9M7.1%-17.5%
CORZ CORE SCIENTIFIC INCFinancials584.1K$8.7M6.9%-26.0%
LBRDK LIBERTY BROADBAND-CCommunications141.9K$7.1M5.7%-26.1%
EA ELECTRONIC ARTS INCTechnology35.0K$7.1M5.7%+24.1%
IAG IAMGOLD CORPMaterials341.7K$6.4M5.1%-39.4%
VSAT VIASAT INCCommunications133.7K$6.1M4.9%+38.4%
NSC NORFOLK SOUTHERN CORPIndustrials19.7K$5.7M4.5%-69.6%
TDAY USA TODAY CO INCOther755.9K$5.3M4.2%+89.0%
VISN VISTANCE NETWORKS INCTechnology291.2K$5.3M4.2%+258.2%
AM6 AMICUS THERAPEUTICS INC363.0K$5.2M4.2%Held
TLN TALEN ENERGY CORPUtilities14.2K$4.5M3.6%-50.2%
KVUE KENVUE INCOther256.2K$4.4M3.5%+99.8%
NATL NCR ATLEOS CORPTechnology75.0K$3.3M2.6%New
KHC KRAFT HEINZ CO/THEConsumer staples139.7K$3.1M2.5%-2.0%
SDA SEALED AIR CORPServices media72.3K$3.0M2.4%-7.7%
MASI* MASIMO CORP15.0K$2.7M2.1%New
PEN PENUMBRA INCHealthcare6.1K$2.0M1.6%New
TRIP TRIPADVISOR INCTechnology125.0K$1.3M1.1%Held
TECK TECK RESOURCES LTD-CLS BMaterials23.4K$1.2M1.0%-25.4%
USAR USA RARE EARTH INCMaterials70.0K$1.1M0.8%Held
BL BLACKLINE INCTechnology21.5K$796K0.6%New
DBRG DIGITALBRIDGE GROUP INCFinancials10.0K$154K0.1%-94.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202635$184.1M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202644$282.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 202539$534.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202532$406.4M canonicalSEC ↗
Q1 202513F-HRMay 15, 202534$356.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202537$383.2M canonicalSEC ↗
Q3 202413F-HRNov 14, 202437$409.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 202445$414.0M canonicalSEC ↗
Q1 202413F-HRMay 15, 202438$350.4M canonicalSEC ↗