SEGRA CAPITAL MANAGEMENT, LLC
Long book
$128.4M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
-7.2%
SPY +14.8%
Turnover
43%
of book per quarter
Strategy in plain words
auto-generated from filingsSEGRA CAPITAL MANAGEMENT, LLC is a diversified fundamental manager, running a $128.4M US long book across 6 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: AMENTUM HOLDINGS INC, CONSTELLATION ENERGY, VISTRA CORP, GE VERNOVA INC, TERRA INNOVATUM GLOBAL NV.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 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
-5.6%
Q2 2024
-6.6%
Q3 2024
+2.3%
Q4 2024
-30.2%
Q1 2025
+54.9%
Q2 2025
+39.6%
Q3 2025
-8.8%
Q4 2025
-4.0%
Q1 2026
-7.2%
Sector allocation
Utilities 46%
Services media 33%
Industrials 19%
Materials 2%
Long book by quarter
What does SEGRA CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMTM AMENTUM HOLDINGS INC | Services media | 1.6M | $42.1M | 32.7% | +166.7% |
| CEG CONSTELLATION ENERGY | Utilities | 123.0K | $34.3M | 26.7% | New |
| VST VISTRA CORP | Utilities | 165.0K | $24.8M | 19.3% | -91.6% |
| GEV GE VERNOVA INC | Industrials | 15.0K | $13.1M | 10.2% | New |
| NKLR TERRA INNOVATUM GLOBAL NV | Industrials | 2.5M | $11.8M | 9.2% | -80.9% |
| URG UR-ENERGY INC | Materials | 1.6M | $2.4M | 1.9% | +159828.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 12 | $248.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 6 | $141.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 6 | $247.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $362.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $313.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $63.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 15, 2024 | 8 | $256.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 6 | $126.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 4 | $130.8M | canonical | SEC ↗ |
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