Q Global Advisors, LLC

Fundamental diversified ★Signal CIK 1469589
League rank
#81
in Fundamental diversified · #372 overall
Long book
$104.0M
Q1 2026
Positions
48
Top-10 weight
90%
concentration
Last quarter
+23.7%
SPY +14.8%
Turnover
22%
of book per quarter

Strategy in plain words

auto-generated from filings

Q Global Advisors, LLC is a diversified fundamental manager, running a $104.0M US long book across 48 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ASCENDIS PHARMA A/S, SS SPDR S&P 500 ETF TRUST-US, ENOVA INTERNATIONAL INC, CARNIVAL CORP LTD, TRANSDIGM GROUP INC.

Over the last 9 quarters its long book ran on average 2.2pp 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
-1.7%
Q2 2024
+8.9%
Q3 2024
+4.1%
Q4 2024
-4.2%
Q1 2025
+10.0%
Q2 2025
+8.8%
Q3 2025
+21.3%
Q4 2025
-10.6%
Q1 2026
+23.7%

Sector allocation

Financials
39%
Healthcare
28%
Industrials
24%
Consumer discretionary
9%

Long book by quarter

$264K
Q1 2024
$141K
Q2 2024
$114K
Q3 2024
$97K
Q4 2024
$123.0M
Q1 2025
$118.9M
Q2 2025
$64K
Q3 2025
$101.6M
Q4 2025
$104.0M
Q1 2026

What does Q Global own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ASND ASCENDIS PHARMA A/SHealthcare100.0K$22.9M22.0%New
ENVA ENOVA INTERNATIONAL INCFinancials93.7K$12.7M12.2%+9.9%
CCL CARNIVAL CORP LTDIndustrials400.0K$10.4M10.0%New
TDG TRANSDIGM GROUP INCIndustrials6.3K$7.3M7.0%Held
BX BLACKSTONE INCFinancials61.0K$7.0M6.7%+378.7%
PGY PAGAYA TECHNOLOGIES LTD -AFinancials537.6K$6.3M6.0%+324.8%
KKR KKR & CO INCFinancials61.0K$5.6M5.4%New
HLF HERBALIFE LTDConsumer discretionary260.8K$3.8M3.7%-32.9%
AMZN AMAZON.COM INCConsumer discretionary15.4K$3.2M3.1%New
NCLH NORWEGIAN CRUISE LINE HOLDINIndustrials121.9K$2.3M2.2%-54.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202649$113.4M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 17, 202648$101.6M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 13, 202542$64K canonicalSEC ↗
Q2 202513F-HRAug 14, 202550$118.9M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 14, 202551$123.0M $K fixed canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSFeb 24, 20251$2K canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTFeb 24, 202560$95K canonicalSEC ↗
Q4 202413F-HRFeb 11, 202547$126K SEC ↗
Q3 202413F-HRNov 12, 202468$114K canonicalSEC ↗
Q2 202413F-HRAug 14, 202493$141K canonicalSEC ↗
Q1 202413F-HRMay 15, 2024112$264K canonicalSEC ↗