Sycale Advisors (NY) LLC
Long book
$197.8M
Q1 2026
Positions
16
Top-10 weight
87%
concentration
Last quarter
-1.2%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsSycale Advisors (NY) LLC is a concentrated fundamental stock-picker, running a $197.8M US long book across 16 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: INTERCONTINENTAL EXCHANGE IN, SPOTIFY TECHNOLOGY SA, MICROSOFT CORP, CAE INC, TKO GROUP HOLDINGS INC.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+8.5%
Q2 2024
+9.4%
Q3 2024
+2.6%
Q4 2024
+4.6%
Q1 2025
+19.1%
Q2 2025
+1.1%
Q3 2025
-5.6%
Q4 2025
-17.3%
Q1 2026
-1.2%
Sector allocation
Services media 36%
Technology 24%
Financials 20%
Communications 10%
Consumer discretionary 8%
Energy 2%
Long book by quarter
What does Sycale Advisors own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 173.8K | $27.3M | 13.8% | +0.8% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 42.7K | $20.7M | 10.5% | +18.5% |
| MSFT MICROSOFT CORP | Technology | 53.8K | $19.9M | 10.1% | -17.6% |
| CAE CAE INC | Technology | 762.7K | $19.9M | 10.0% | -38.5% |
| TKO TKO GROUP HOLDINGS INC | Services media | 80.6K | $16.3M | 8.2% | -18.6% |
| APG API GROUP CORP | Services media | 368.1K | $14.9M | 7.5% | -10.1% |
| MELI MERCADOLIBRE INC | Services media | 7.9K | $13.7M | 6.9% | +16.3% |
| NFLX NETFLIX INC | Services media | 138.4K | $13.3M | 6.7% | New |
| NNI NELNET INC-CL A | Financials | 100.5K | $13.0M | 6.6% | -34.1% |
| QXO QXO INC | Consumer discretionary | 625.8K | $12.2M | 6.1% | +113.6% |
| GENI GENIUS SPORTS LTD | Services media | 2.0M | $9.0M | 4.6% | +8.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 49.8K | $7.3M | 3.7% | New |
| NCMI NATIONAL CINEMEDIA INC | Services media | 1.5M | $4.4M | 2.2% | -52.2% |
| GPRK GEOPARK LTD | Energy | 339.2K | $3.2M | 1.6% | New |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 10.0K | $2.3M | 1.2% | New |
| W WAYFAIR INC- CLASS A | Consumer discretionary | 4.9K | $371K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 18 | $200.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 17 | $321.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 23 | $534.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $456.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 23 | $363.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 21 | $385.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 18 | $532.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 19 | $348.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 19 | $358.4M | canonical | SEC ↗ |
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