SONA ASSET MANAGEMENT (US) LLC
Long book
$1.74B
Q1 2026
Positions
292
Top-10 weight
55%
concentration
Last quarter
+4.4%
SPY +14.8%
Turnover
86%
of book per quarter
Strategy in plain words
auto-generated from filingsSONA ASSET MANAGEMENT (US) LLC is a diversified fundamental manager, running a $1.74B US long book across 292 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ECHOSTAR CORP-A, WARNER BROS DISCOVERY INC, AES CORP, ISHR IBX USD INVGD CB ETF-UI, ISHARES 1-5Y INV GRADE CORP.
Over the last 9 quarters its long book ran on average 2.9pp per quarter behind the S&P 500, beating the index in 4 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
-11.6%
Q2 2024
+7.9%
Q3 2024
-0.1%
Q4 2024
-0.7%
Q1 2025
+1.2%
Q2 2025
+5.8%
Q3 2025
+4.7%
Q4 2025
+2.2%
Q1 2026
+4.4%
Sector allocation
Financials 41%
Communications 35%
Utilities 12%
Technology 6%
Industrials 3%
Other 1%
Healthcare 1%
Services media 1%
Long book by quarter
What does SONA ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ECHO ECHOSTAR CORP-A | Communications | 1.9M | $218.5M | 12.6% | +512.6% |
| WBD WARNER BROS DISCOVERY INC | Communications | 5.9M | $163.0M | 9.4% | +493.6% |
| AES AES CORP | Utilities | 11.1M | $155.8M | 9.0% | New |
| KYIV KYIVSTAR GROUP LTD | Communications | 5.5M | $56.2M | 3.2% | +44.7% |
| SLAB SILICON LABORATORIES INC | Technology | 175.1K | $36.4M | 2.1% | New |
| BACC BLUE ACQUISITION CORP-CL A | Financials | 3.3M | $34.1M | 2.0% | +70.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 69.1K | $19.8M | 1.1% | -84.4% |
| SORN SOREN ACQUISITION CORP-CL A | Financials | 1.9M | $18.3M | 1.1% | New |
| ZKP LAFAYETTE DIGITAL ACQUISITIO | Financials | 1.7M | $16.5M | 0.9% | New |
| FVAV FORTRESS VALUE ACQUIS V-CL A | Financials | 1.0M | $10.0M | 0.6% | New |
| BTDR BITDEER TECHNOLOGIES GROUP-A | Financials | 1.1M | $9.9M | 0.6% | +207.0% |
| MLAA MOUNTAIN LAKE ACQUISITI-CL A | Financials | 1.0M | $9.8M | 0.6% | New |
| OBDC BLUE OWL CAPITAL CORP | — | 886.0K | $9.8M | 0.6% | New |
| QGEN QIAGEN N.V. | Healthcare | 222.1K | $8.9M | 0.5% | New |
| NN NEXTNAV INC | Technology | 521.5K | $8.4M | 0.5% | +37.9% |
| IRAB IRIS ACQUISITION CORP I-CL A | Financials | 850.0K | $8.3M | 0.5% | New |
| MUZE MUZERO ACQUISITION CORP-CL A | Financials | 800.0K | $7.9M | 0.5% | New |
| ARCI ARCHIMEDES TECH SPAC PARTNER | Financials | 800.0K | $7.9M | 0.5% | New |
| WULF TERAWULF INC | Financials | 531.0K | $7.7M | 0.4% | +324.8% |
| IHS IHS HOLDING LTD | Communications | 901.3K | $7.4M | 0.4% | -41.9% |
| ARTC ART TECHNOLOGY ACQUISIT-CL A | Financials | 750.0K | $7.4M | 0.4% | New |
| ALOV ALDABRA 4 LIQUIDITY OPP-CL A | Financials | 748.4K | $7.4M | 0.4% | New |
| QRVO QORVO INC | Technology | 90.0K | $7.0M | 0.4% | New |
| AACI ARMADA ACQ CORP III-A | Financials | 650.0K | $6.5M | 0.4% | New |
| GRAF GRAF GLOBAL CORP-CL A | Financials | 600.0K | $6.4M | 0.4% | New |
| SNDK SANDISK CORP | Technology | 10.0K | $6.4M | 0.4% | -70.6% |
| LEGO LEGATO MERGER CORP IV | Financials | 600.0K | $5.9M | 0.3% | New |
| MEVO M EVO GLOBAL ACQUISITIO-CL A | Financials | 600.0K | $5.9M | 0.3% | New |
| IHRT IHEARTMEDIA INC - CLASS A | Communications | 1.9M | $5.5M | 0.3% | +15.5% |
| MESH MESHFLOW ACQUISITION CO-CL A | Financials | 550.0K | $5.4M | 0.3% | New |
| HCIC HENNESSY CAPITAL INVEST-A | Financials | 515.7K | $5.2M | 0.3% | New |
| EVOX EVOLUTION GLOBAL ACQUIS-CL A | Financials | 501.6K | $5.0M | 0.3% | New |
| SCII SC II ACQUISITION CORP-CL A | Financials | 500.0K | $5.0M | 0.3% | New |
| DMII DRUGS MADE IN AMERICA ACQUIS | Financials | 500.0K | $5.0M | 0.3% | +66.7% |
| TLNC TALON CAPITAL CORP-CL A | Financials | 487.3K | $5.0M | 0.3% | New |
| SVIV SPRING VALLEY ACQUISITIO-A | Financials | 500.0K | $4.9M | 0.3% | New |
| ADAC AMERICAN DRIVE ACQUISIT-CL A | Financials | 483.1K | $4.8M | 0.3% | New |
| SCPQ SOCIAL COMMERCE PARTNER CL-A | Financials | 478.0K | $4.7M | 0.3% | New |
| FGII FG IMPERII ACQUISITION-CL A | Financials | 473.4K | $4.7M | 0.3% | New |
| WENN WEN ACQUISITION CORP-A | Financials | 450.0K | $4.6M | 0.3% | New |
| AXIN AXIOM INTELLIGENCE-CL A | Financials | 449.6K | $4.6M | 0.3% | New |
| RDAG REPUBLIC DIGITAL ACQUIS-CL A | Financials | 444.1K | $4.5M | 0.3% | New |
| CRAN CRANE HARBOR ACQUISITIO-CL A | Financials | 452.0K | $4.5M | 0.3% | New |
| XCBE X3 ACQUISITION CORP LTD-CL A | Financials | 450.0K | $4.4M | 0.3% | New |
| XSLL XSOLLA SPAC 1-CL A | Financials | 450.0K | $4.4M | 0.3% | New |
| CMII COLUMBUS CIRCLE CAPITAL CO-A | Financials | 450.0K | $4.4M | 0.3% | New |
| OTGA OTG ACQUISITION CORP I-CL A | Financials | 438.9K | $4.4M | 0.3% | New |
| SBXE SILVERBOX CORP V-CL A | Financials | 443.4K | $4.4M | 0.3% | New |
| HUT HUT 8 CORP | Financials | 91.4K | $4.3M | 0.2% | New |
| GIW GIGCAPITAL8 CORP-A | Financials | 416.4K | $4.2M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 605 | $4.74B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 270 | $4.39B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 284 | $4.10B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 228 | $3.56B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 201 | $3.34B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 185 | $2.54B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 199 | $4.37B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 73 | $3.20B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 21, 2024 | 70 | $2.99B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 70 | $8.57B | SEC ↗ |
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