Pandi, LLC
Long book
$609.8M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsPandi, LLC is a wealth-management firm allocating client money, running a $609.8M US long book across 4 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANGUARD S&P 500 ETF, PALMER SQUARE CAPITAL BDC IN, VANGUARD SMALL-CAP ETF, VANGUARD MID-CAP ETF.
Over the last 6 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 1 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-4.5%
Q1 2025
+10.4%
Q2 2025
+7.7%
Q3 2025
+2.5%
Q4 2025
-4.6%
Q1 2026
+14.9%
Sector allocation
Other 100%
Long book by quarter
What does Pandi, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PSBD PALMER SQUARE CAPITAL BDC IN | — | 911.9K | $8.9M | 1.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 4 | $609.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 2 | $629.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 4 | $753.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 4 | $747.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 4 | $651.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Mar 3, 2025 | 4 | $669.3M | canonical | SEC ↗ |