Polar Asset Management Partners Inc.

Quant stat arb Low signal CIK 1326389
League rank
#94
in Quant stat arb · #4840 overall
Long book
$3.16B
Q1 2026
Positions
647
Top-10 weight
21%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
51%
of book per quarter

Strategy in plain words

auto-generated from filings

Polar Asset Management Partners Inc. is a quantitative fund whose holdings reflect models, not opinions, running a $3.16B US long book across 647 positions.

The portfolio is broadly diversified across 647 positions (top 10 only 21%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, LEARWATER ANALYTICS HLDGS I, ONESTREAM INC, TRI POINTE HOMES INC, ELECTRONIC ARTS INC.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 5 of 9 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
Q1 2024
+1.1%
Q2 2024
+8.0%
Q3 2024
+3.9%
Q4 2024
-5.2%
Q1 2025
+12.8%
Q2 2025
+8.8%
Q3 2025
+0.6%
Q4 2025
-2.6%
Q1 2026
+8.3%

Sector allocation

Financials
46%
Other
16%
Technology
16%
Industrials
6%
Services media
6%
Consumer discretionary
4%
Communications
2%
Healthcare
2%

Long book by quarter

$2.82B
Q1 2024
$2.57B
Q2 2024
$2.90B
Q3 2024
$5.15B
Q4 2024
$2.17B
Q1 2025
$3.01B
Q2 2025
$3.47B
Q3 2025
$3.94B
Q4 2025
$3.16B
Q1 2026

What does Polar Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology698.4K$121.8M3.9%+2.6%
K4F ONESTREAM INC2.9M$70.7M2.2%New
T86 TRI POINTE HOMES INC1.4M$66.8M2.1%New
EA ELECTRONIC ARTS INCTechnology323.1K$65.9M2.1%+13.4%
SDA SEALED AIR CORPServices media1.2M$50.8M1.6%+7956.9%
AMZN AMAZON.COM INCConsumer discretionary238.0K$49.6M1.6%-66.0%
HO1 HOLOGIC INC586.0K$44.3M1.4%+20.6%
MASI* MASIMO CORP232.0K$41.3M1.3%New
MBAV M3-BRIGADE ACQUISITION V-AFinancials3.8M$40.9M1.3%+117.0%
430 TERNS PHARMACEUTICALS INC725.0K$38.2M1.2%New
TSLA TESLA INCIndustrials100.0K$37.2M1.2%-37.5%
WBS WEBSTER FINANCIAL CORPFinancials535.0K$37.1M1.2%+797.3%
LBRDK LIBERTY BROADBAND-CCommunications600.0K$30.2M1.0%+50.0%
AL AIR LEASE CORP381.8K$24.8M0.8%New
NSC NORFOLK SOUTHERN CORPIndustrials85.0K$24.4M0.8%+88.9%
SEM SELECT MEDICAL HOLDINGS CORPHealthcare1.4M$22.8M0.7%New
AM6 AMICUS THERAPEUTICS INC1.5M$22.3M0.7%+535.0%
KCHV KOCHAV DEFENSE ACQUISITION-AFinancials2.2M$22.0M0.7%0.0%
FLG FLAGSTAR BANK NAFinancials1.6M$21.4M0.7%+36.8%
CNI CANADIAN NATL RAILWAY COIndustrials205.4K$21.1M0.7%+193.4%
CTRA COTERRA ENERGY INC592.6K$20.8M0.7%New
CCXI CHURCHILL CAPITAL CORP-CL AFinancials2.0M$20.3M0.6%New
BANC BANC OF CALIFORNIA INCFinancials1.1M$19.8M0.6%+168.8%
STEL STELLAR BANCORP INCFinancials532.0K$19.5M0.6%New
SPGI S&P GLOBAL INCServices media42.3K$18.0M0.6%New
ANET ARISTA NETWORKS INCTechnology143.5K$17.6M0.6%-18.5%
DBCA D. BORAL ACQUISITION I-CL AFinancials1.8M$17.3M0.5%New
MKTX MARKETAXESS HOLDINGS INCFinancials104.2K$17.2M0.5%+523.8%
GTLS CHART INDUSTRIES INCIndustrials82.1K$17.0M0.5%-47.7%
DMAA DRUGS MADE IN AMERICA ACQUISFinancials1.6M$16.8M0.5%Held
SBXD SILVERBOX CORP IV-AFinancials1.5M$16.1M0.5%+9.3%
MACI MELAR ACQUISITION CORP I-AServices media1.5M$16.0M0.5%Held
WBD WARNER BROS DISCOVERY INCCommunications575.2K$15.8M0.5%+5.1%
TALK TALKSPACE INCHealthcare3.0M$15.5M0.5%New
XNDU XANADU QUANTUM TECHNOLO-CL BTechnology2.0M$15.0M0.5%New
DMII DRUGS MADE IN AMERICA ACQUISFinancials1.5M$15.0M0.5%Held
DYOR INSIGHT DIGITAL PARTNERS I-AFinancials1.5M$14.9M0.5%Held
CRAC CROWN RESERVE ACQUISITI-CL AFinancials1.5M$14.9M0.5%Held
SSAC SPACSPHERE ACQUISITION-CL AFinancials1.5M$14.8M0.5%New
ARTC ART TECHNOLOGY ACQUISIT-CL AFinancials1.5M$14.7M0.5%New
PI IMPINJ INCTechnology136.7K$14.0M0.4%+25.6%
USAS AMERICAS GOLD AND SILVER CORMaterials2.6M$13.7M0.4%Held
DAWNGBX DAY ONE BIOPHARMACEUTICALS I630.4K$13.5M0.4%New
MESH MESHFLOW ACQUISITION CO-CL AFinancials1.4M$13.4M0.4%New
POLE ANDRETTI ACQUISITION CORP -AFinancials1.3M$13.3M0.4%Held
KEY KEYCORPFinancials661.7K$13.3M0.4%-2.1%
WTFC WINTRUST FINANCIAL CORPFinancials94.0K$13.1M0.4%New
GPAT GP-ACT III ACQUISITION-AFinancials1.2M$12.7M0.4%Held
PNC PNC FINANCIAL SERVICES GROUPFinancials60.8K$12.7M0.4%New
GSRF GSR IV ACQUISITION CORP-CL AFinancials1.2M$12.0M0.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026691$5.01B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026676$7.88B canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTDec 1, 2025668$8.90B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025692$8.93B SEC ↗
Q2 202513F-HRAug 14, 2025602$6.40B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025531$4.34B canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTFeb 25, 2025667$8.52B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025668$6.81B SEC ↗
Q3 202413F-HRNov 14, 2024719$4.72B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024714$4.81B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024768$5.86B canonicalSEC ↗