Taconic Capital Advisors LP

Fundamental diversified ★Signal CIK 1390113
Long book
$140.0M
Q1 2026
Positions
11
Top-10 weight
99%
concentration
Last quarter
+6.6%
SPY +14.8%
Turnover
68%
of book per quarter

Strategy in plain words

auto-generated from filings

Taconic Capital Advisors LP is a diversified fundamental manager, running a $140.0M US long book across 11 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BRISTOW GROUP INC, CBL & ASSOCIATES PROPERTIES, HOLOGIC INC, ECHOSTAR CORP-A, GLOBAL NET LEASE INC.

Over the last 9 quarters its long book ran on average 3.5pp 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
+9.2%
Q2 2024
+6.9%
Q3 2024
-1.2%
Q4 2024
-16.4%
Q1 2025
+25.1%
Q2 2025
+17.4%
Q3 2025
+10.8%
Q4 2025
+13.2%
Q1 2026
+6.6%

Sector allocation

Industrials
47%
Other
30%
Communications
22%
Healthcare
2%

Long book by quarter

$779.9M
Q1 2024
$1.20B
Q2 2024
$1.12B
Q3 2024
$1.28B
Q4 2024
$1.13B
Q1 2025
$866.5M
Q2 2025
$337.7M
Q3 2025
$271.1M
Q4 2025
$140.0M
Q1 2026

What does Taconic Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VTOL BRISTOW GROUP INCIndustrials1.0M$49.1M35.0%-19.4%
HO1 HOLOGIC INC—268.5K$20.3M14.5%-16.1%
ECHO ECHOSTAR CORP-ACommunications136.4K$16.0M11.4%-17.3%
K4F ONESTREAM INC—341.5K$8.2M5.9%New
VSAT VIASAT INCCommunications180.0K$6.2M4.4%Held
QGEN QIAGEN N.V.Healthcare40.0K$1.6M1.1%New
CODI COMPASS DIVERSIFIED HOLDINGSOther183.8K$1.4M1.0%+162.6%
AXTA AXALTA COATING SYSTEMS LTDOther50.0K$1.4M1.0%New
OPTU OPTIMUM COMMUNICATIONS INC-ACommunications676.8K$880K0.6%+2.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ARESTATEMENTMay 15, 202615$229.1M canonicalSEC ↗
Q1 202613F-HRMay 15, 202615$229.1Mconfidential SEC ↗
Q4 202513F-HR/ANEW HOLDINGSMay 15, 20268$149.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202619$203.2Mconfidential canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSMay 15, 20262$43.9M canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSFeb 17, 202610$160.0M canonicalSEC ↗
Q3 202513F-HRNov 14, 202525$229.0Mconfidential canonicalSEC ↗
Q2 202513F-HR/ANEW HOLDINGSMay 15, 20261$1.6M canonicalSEC ↗
Q2 202513F-HR/ANEW HOLDINGSFeb 17, 20266$123.0M canonicalSEC ↗
Q2 202513F-HR/ANEW HOLDINGSNov 14, 20257$23.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202559$1.09Bconfidential canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSFeb 17, 20264$65.4M canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSNov 14, 20253$59.2M canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSAug 14, 202511$872.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 202555$415.9Mconfidential canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSFeb 17, 20263$76.7M canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSNov 14, 20252$77.0M canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSAug 14, 20259$914.6M canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSMay 15, 20253$56.9M canonicalSEC ↗
Q4 202413F-HR/ANEW HOLDINGSFeb 14, 20253$44.1M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202553$286.4Mconfidential canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSFeb 17, 20261$33.8M canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSNov 14, 20252$44.3M canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSAug 14, 20257$767.3M canonicalSEC ↗

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