Persistent Asset Partners Ltd
Long book
$257.4M
Q1 2026
Positions
238
Top-10 weight
35%
concentration
Last quarter
+38.8%
SPY +14.8%
Turnover
60%
of book per quarter
Strategy in plain words
auto-generated from filingsPersistent Asset Partners Ltd is a quantitative fund whose holdings reflect models, not opinions, running a $257.4M US long book across 238 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: LUMENTUM HOLDINGS INC, AXT INC, INTEL CORP, TOWER SEMICONDUCTOR LTD, SANDISK CORP.
Over the last 6 quarters its long book ran on average 6.6pp per quarter ahead of the S&P 500, beating the index in 5 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
+0.8%
Q1 2025
+1.6%
Q2 2025
+12.8%
Q3 2025
+5.2%
Q4 2025
+8.1%
Q1 2026
+38.8%
Sector allocation
Technology 44%
Healthcare 28%
Financials 10%
Industrials 6%
Other 5%
Materials 3%
Consumer discretionary 2%
Energy 1%
Long book by quarter
What does Persistent Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LITE LUMENTUM HOLDINGS INC | Technology | 20.7K | $14.5M | 5.6% | +264.6% |
| AXTI AXT INC | Technology | 233.6K | $13.3M | 5.2% | -24.1% |
| INTC INTEL CORP | Technology | 274.4K | $12.1M | 4.7% | +89.4% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 67.6K | $11.9M | 4.6% | New |
| SNDK SANDISK CORP | Technology | 14.3K | $9.1M | 3.5% | -20.9% |
| GLW CORNING INC | Industrials | 59.1K | $8.0M | 3.1% | +1019.9% |
| NVDA NVIDIA CORP | Technology | 39.9K | $7.0M | 2.7% | +144.4% |
| MU MICRON TECHNOLOGY INC | Technology | 16.6K | $5.6M | 2.2% | +199.1% |
| CIEN CIENA CORP | Technology | 11.8K | $4.6M | 1.8% | New |
| VKTX VIKING THERAPEUTICS INC | Healthcare | 133.1K | $4.3M | 1.7% | +47.0% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 6.9K | $4.1M | 1.6% | +111.3% |
| ALAB ASTERA LABS INC | Technology | 33.5K | $3.7M | 1.4% | New |
| COGT COGENT BIOSCIENCES INC | Healthcare | 92.5K | $3.6M | 1.4% | +94.8% |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 15.7K | $3.5M | 1.4% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.6K | $3.3M | 1.3% | -23.2% |
| TER TERADYNE INC | Technology | 11.2K | $3.3M | 1.3% | New |
| COHR COHERENT CORP | Other | 13.7K | $3.3M | 1.3% | +1862.6% |
| JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 15.9K | $3.0M | 1.2% | +741.1% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 13.5K | $2.8M | 1.1% | New |
| GOOG ALPHABET INC-CL C | Technology | 9.7K | $2.8M | 1.1% | +19.9% |
| NXE NEXGEN ENERGY LTD | Materials | 238.0K | $2.8M | 1.1% | -2.3% |
| MOD MODINE MANUFACTURING CO | Industrials | 12.7K | $2.7M | 1.1% | +239.5% |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 26.0K | $2.5M | 1.0% | +48.5% |
| 430 TERNS PHARMACEUTICALS INC | — | 46.0K | $2.4M | 0.9% | -59.5% |
| SMTC SEMTECH CORP | Technology | 31.4K | $2.4M | 0.9% | New |
| QRVO QORVO INC | Technology | 30.1K | $2.3M | 0.9% | New |
| BMRN BIOMARIN PHARMACEUTICAL INC | Healthcare | 37.5K | $2.1M | 0.8% | -4.2% |
| AX AXOS FINANCIAL INC | Financials | 23.3K | $2.0M | 0.8% | +897.7% |
| KOD KODIAK SCIENCES INC | Healthcare | 51.3K | $2.0M | 0.8% | New |
| NBIS NEBIUS GROUP NV | Technology | 18.2K | $1.9M | 0.7% | -39.4% |
| CCB COASTAL FINANCIAL CORP/WA | Financials | 24.7K | $1.9M | 0.7% | +59.8% |
| INCY INCYTE CORP | Healthcare | 19.8K | $1.9M | 0.7% | New |
| EGO ELDORADO GOLD CORP | Materials | 52.2K | $1.8M | 0.7% | +3.8% |
| BBIO BRIDGEBIO PHARMA INC | Healthcare | 23.8K | $1.8M | 0.7% | +27.4% |
| TGTX TG THERAPEUTICS INC | Healthcare | 53.1K | $1.8M | 0.7% | +59.8% |
| LLY ELI LILLY & CO | Healthcare | 1.9K | $1.8M | 0.7% | +257.6% |
| EQX EQUINOX GOLD CORP | Materials | 119.8K | $1.7M | 0.7% | +4.7% |
| CVBF CVB FINANCIAL CORP | Financials | 85.0K | $1.6M | 0.6% | +203.0% |
| SAIL SAILPOINT INC | Technology | 119.2K | $1.6M | 0.6% | +72.3% |
| UDM TASEKO MINES LTD | — | 229.6K | $1.5M | 0.6% | -11.1% |
| EXE EXPAND ENERGY CORP | Energy | 13.1K | $1.5M | 0.6% | +55.5% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 14.7K | $1.5M | 0.6% | New |
| OCW CMB TECH NV | — | 111.1K | $1.4M | 0.5% | +102.0% |
| ABBV ABBVIE INC | Healthcare | 6.1K | $1.3M | 0.5% | New |
| ENVA ENOVA INTERNATIONAL INC | Financials | 9.7K | $1.3M | 0.5% | +1501.0% |
| RCUS ARCUS BIOSCIENCES INC | Healthcare | 60.2K | $1.3M | 0.5% | New |
| SFBS SERVISFIRST BANCSHARES INC | Financials | 16.6K | $1.2M | 0.5% | New |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 11.8K | $1.2M | 0.5% | New |
| CRH CRH PLC | Industrials | 11.2K | $1.2M | 0.5% | New |
| AMCR AMCOR PLC | Other | 29.5K | $1.2M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 388 | $268.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 421 | $222.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Jan 15, 2026 | 287 | $145.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 287 | $145.5M | SEC ↗ | |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 217 | $134.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 200 | $119.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 160 | $120.5M | canonical | SEC ↗ |
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