Shay Capital LLC

Quant stat arb Low signal CIK 1723643
League rank
#20
in Quant stat arb · #613 overall
Long book
$704.1M
Q1 2026
Positions
388
Top-10 weight
31%
concentration
Last quarter
+19.9%
SPY +14.8%
Turnover
61%
of book per quarter

Strategy in plain words

auto-generated from filings

Shay Capital LLC is a quantitative fund whose holdings reflect models, not opinions, running a $704.1M US long book across 388 positions.

The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, FTAI AVIATION LTD, PURECYCLE TECHNOLOGIES INC, CELSIUS HOLDINGS INC, GOLAR LNG LTD.

Over the last 9 quarters its long book ran on average 2.5pp per quarter ahead of the S&P 500, beating the index in 6 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
+1.8%
Q2 2024
+10.6%
Q3 2024
+8.8%
Q4 2024
-11.3%
Q1 2025
+16.0%
Q2 2025
+16.5%
Q3 2025
+1.8%
Q4 2025
-1.0%
Q1 2026
+19.9%

Sector allocation

Technology
20%
Industrials
17%
Financials
14%
Services media
13%
Consumer discretionary
11%
Healthcare
6%
Other
5%
Materials
5%

Long book by quarter

$341.1M
Q1 2024
$359.3M
Q2 2024
$339.0M
Q3 2024
$408.2M
Q4 2024
$343.3M
Q1 2025
$438.9M
Q2 2025
$552.2M
Q3 2025
$619.8M
Q4 2025
$704.1M
Q1 2026

What does Shay Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology270.0K$47.1M6.7%+591.4%
FTAI FTAI AVIATION LTDServices media180.2K$44.1M6.3%-42.8%
PCT PURECYCLE TECHNOLOGIES INCMaterials3.9M$20.1M2.9%+143.3%
CELH CELSIUS HOLDINGS INCConsumer staples514.4K$18.3M2.6%New
GLNG GOLAR LNG LTDIndustrials306.0K$16.6M2.4%+3.7%
TMO THERMO FISHER SCIENTIFIC INCOther32.4K$15.9M2.3%+6387.0%
RKT ROCKET COS INC-CLASS AFinancials1.1M$15.5M2.2%+281.9%
AZ A2Z CUST2MATE SOLUTIONS CORPIndustrials2.1M$13.9M2.0%+1.2%
AIZ ASSURANT INCFinancials62.0K$13.5M1.9%+78.2%
BKD BROOKDALE SENIOR LIVING INCHealthcare960.0K$13.1M1.9%+418.9%
PZZA PAPA JOHN'S INTL INCConsumer discretionary378.7K$12.3M1.7%+221.0%
FIP FTAI INFRASTRUCTURE INCIndustrials2.3M$11.4M1.6%+100.0%
APTV APTIV PLCIndustrials163.0K$11.3M1.6%New
MBAV M3-BRIGADE ACQUISITION V-AFinancials1.0M$10.7M1.5%New
TDAY USA TODAY CO INCOther1.3M$9.3M1.3%+51.1%
CXW CORECIVIC INCReal estate402.0K$7.6M1.1%+1.1%
REAX REAL BROKERAGE INC/THEReal estate3.0M$7.5M1.1%+75.2%
MU MICRON TECHNOLOGY INCTechnology22.0K$7.4M1.1%+1364.0%
XXI TWENTY ONE CAPITAL INC-CL AFinancials1.1M$7.3M1.0%+1.0%
TLYS TILLY'S INC-CLASS A SHRSConsumer discretionary1.8M$7.2M1.0%-46.8%
MAX MEDIAALPHA INC-CLASS AServices media775.0K$7.2M1.0%+31.1%
GNW GENWORTH FINANCIAL INCFinancials883.5K$7.2M1.0%-33.1%
AMZN AMAZON.COM INCConsumer discretionary33.5K$7.0M1.0%-33.6%
HZO MARINEMAX INCConsumer discretionary256.5K$6.9M1.0%New
BCAR D. BORAL ARC ACQUISIT - CL ATechnology675.9K$6.8M1.0%New
TBCH TURTLE BEACH CORPTechnology640.6K$6.5M0.9%New
XPOF XPONENTIAL FITNESS INC-AServices media1.1M$6.5M0.9%+7057.7%
GEO GEO GROUP INC/THEIndustrials378.1K$6.4M0.9%+51.9%
BRSL BRIGHTSTAR LOTTERY PLCServices media494.9K$6.3M0.9%+44.0%
GRPN GROUPON INCServices media500.0K$6.0M0.8%+900.0%
BJRI BJ'S RESTAURANTS INCConsumer discretionary159.1K$5.6M0.8%New
ASML ASML HOLDING NV-NY REG SHSIndustrials4.1K$5.4M0.8%New
FPS FORGENT POWER SOLUTIONS-CL AIndustrials172.9K$5.1M0.7%New
WULF TERAWULF INCFinancials341.4K$4.9M0.7%+106.5%
WBD WARNER BROS DISCOVERY INCCommunications176.4K$4.8M0.7%New
BA BOEING CO/THEIndustrials24.0K$4.8M0.7%-25.2%
IGIC INTERNATIONAL GENERAL INSURAFinancials195.6K$4.7M0.7%-9.4%
DUOT DUOS TECHNOLOGIES GROUP INCTechnology661.1K$4.5M0.6%+781.5%
FWRD FORWARD AIR CORPIndustrials266.4K$4.5M0.6%+37.1%
TH TARGET HOSPITALITY CORPServices media450.0K$4.2M0.6%-42.5%
BILL BILL HOLDINGS INCTechnology100.8K$3.9M0.5%+2418.8%
HYMC HYCROFT MINING HOLDING CO-AMaterials109.5K$3.9M0.5%-15.7%
CORZ CORE SCIENTIFIC INCFinancials247.5K$3.7M0.5%New
MSFT MICROSOFT CORPTechnology10.0K$3.7M0.5%-82.0%
MHO M/I HOMES INCIndustrials30.0K$3.7M0.5%+61.7%
HDRN HADRON ENERGY INCUtilities344.2K$3.7M0.5%-30.5%
APLD APPLIED DIGITAL CORPTechnology141.0K$3.3M0.5%+661.1%
INTC INTEL CORPTechnology75.0K$3.3M0.5%New
CWH CAMPING WORLD HOLDINGS INC-AConsumer discretionary478.0K$3.3M0.5%+744.0%
META META PLATFORMS INC-CLASS ATechnology5.4K$3.1M0.4%+41.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026471$1.20B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026484$968.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025409$1.15B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025314$873.4M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025309$687.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025305$659.5M canonicalSEC ↗
Q3 202413F-HRNov 14, 2024317$707.8M canonicalSEC ↗
Q2 202413F-HRAug 14, 2024264$724.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 2024370$642.4M canonicalSEC ↗