PLUSTICK MANAGEMENT LLC
Long book
$207.1M
Q1 2026
Positions
21
Top-10 weight
81%
concentration
Last quarter
+23.6%
SPY +14.8%
Turnover
55%
of book per quarter
Strategy in plain words
auto-generated from filingsPLUSTICK MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $207.1M US long book across 21 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ECHOSTAR CORP-A, NEXTNAV INC, ANTERIX INC, APPLIED DIGITAL CORP, MODERNA INC.
Over the last 9 quarters its long book ran on average 10.2pp per quarter ahead of the S&P 500, beating the index in 6 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
+4.1%
Q2 2024
+6.9%
Q3 2024
+33.6%
Q4 2024
-14.6%
Q1 2025
+32.0%
Q2 2025
+44.3%
Q3 2025
+2.1%
Q4 2025
-0.3%
Q1 2026
+23.6%
Sector allocation
Communications 35%
Technology 33%
Energy 17%
Healthcare 5%
Utilities 5%
Materials 3%
Industrials 2%
Long book by quarter
What does PLUSTICK MANAGEMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ECHO ECHOSTAR CORP-A | Communications | 390.0K | $45.7M | 22.0% | +6.8% |
| NN NEXTNAV INC | Technology | 1.7M | $27.4M | 13.2% | -17.3% |
| ATEX ANTERIX INC | Communications | 499.6K | $19.1M | 9.2% | New |
| APLD APPLIED DIGITAL CORP | Technology | 640.0K | $15.2M | 7.3% | -36.0% |
| MRNA MODERNA INC | Healthcare | 220.0K | $11.2M | 5.4% | +69.2% |
| SOC SABLE OFFSHORE CORP | Energy | 675.0K | $11.2M | 5.4% | +92.9% |
| VG VENTURE GLOBAL INC-CL A | Utilities | 675.0K | $10.6M | 5.1% | New |
| INOD INNODATA INC | Technology | 275.0K | $10.6M | 5.1% | -16.7% |
| NBIS NEBIUS GROUP NV | Technology | 90.0K | $9.3M | 4.5% | -33.3% |
| AR ANTERO RESOURCES CORP | Energy | 175.0K | $7.4M | 3.6% | -45.3% |
| SM SM ENERGY CO | Energy | 210.0K | $6.5M | 3.2% | New |
| APA APA CORP | Energy | 140.0K | $5.9M | 2.9% | New |
| CC CHEMOURS CO/THE | Materials | 225.0K | $5.0M | 2.4% | New |
| GSAT GLOBALSTAR INC | Communications | 70.0K | $4.6M | 2.2% | -57.6% |
| ECG EVERUS CONSTRUCTION GROUP | Industrials | 30.0K | $3.5M | 1.7% | Held |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 50.0K | $3.3M | 1.6% | New |
| TE T1 ENERGY INC | Technology | 650.0K | $2.9M | 1.4% | -18.8% |
| LUMN LUMEN TECHNOLOGIES INC | Communications | 400.0K | $2.8M | 1.3% | Held |
| RUN SUNRUN INC | Technology | 160.0K | $2.2M | 1.0% | -68.0% |
| CNR CORE NATURAL RESOURCES INC | Materials | 20.0K | $2.1M | 1.0% | New |
| RXT RACKSPACE TECHNOLOGY INC | Technology | 700.0K | $686K | 0.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 28 | $207.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 26 | $226.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 25 | $238.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $168.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 25 | $137.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 26 | $158.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 27 | $131.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 25 | $110.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 20 | $105.1M | canonical | SEC ↗ |
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