TIG Advisors, LLC

Fundamental concentrated ★Signal CIK 1358253
Long book
$2.09B
Q1 2026
Positions
96
Top-10 weight
59%
concentration
Last quarter
+6.0%
SPY +14.8%
Turnover
58%
of book per quarter

Strategy in plain words

auto-generated from filings

TIG Advisors, LLC is a concentrated fundamental stock-picker, running a $2.09B US long book across 96 positions.

The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: STE STR SPDR PT S&P 500 ETF, LEARWATER ANALYTICS HLDGS I, HOLOGIC INC, WARNER BROS DISCOVERY INC, Janus Hendersongroup Pl.

Over the last 9 quarters its long book ran on average 6.8pp 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
-6.1%
Q2 2024
-2.5%
Q3 2024
-22.5%
Q4 2024
-2.5%
Q1 2025
-0.1%
Q2 2025
+7.4%
Q3 2025
+2.7%
Q4 2025
-3.3%
Q1 2026
+6.0%

Sector allocation

Other
37%
Technology
12%
Industrials
11%
Services media
10%
Financials
9%
Communications
8%
Energy
5%
Healthcare
4%

Long book by quarter

$857.5M
Q1 2024
$1.21B
Q2 2024
$1.48B
Q3 2024
$1.29B
Q4 2024
$1.53B
Q1 2025
$1.83B
Q2 2025
$1.62B
Q3 2025
$2.07B
Q4 2025
$2.09B
Q1 2026

What does TIG Advisors, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
HO1 HOLOGIC INC1.3M$100.9M4.8%+11.7%
WBD WARNER BROS DISCOVERY INCCommunications3.6M$98.4M4.7%-23.6%
NSC NORFOLK SOUTHERN CORPIndustrials336.2K$96.5M4.6%+53.0%
EA ELECTRONIC ARTS INCTechnology407.9K$83.2M4.0%+2.5%
SDA SEALED AIR CORPServices media1.6M$68.7M3.3%-27.8%
ACLXGBX ARCELLX INC541.4K$62.2M3.0%New
AM6 AMICUS THERAPEUTICS INC3.8M$55.3M2.6%+30.7%
SUNC SUNOCOCORP LLCEnergy837.4K$51.6M2.5%-24.4%
APLSUSD APELLIS PHARMACEUTICALS INC1.3M$50.4M2.4%New
DBRG DIGITALBRIDGE GROUP INCFinancials3.0M$46.2M2.2%+14.1%
WBS WEBSTER FINANCIAL CORPFinancials615.0K$42.7M2.0%New
K4F ONESTREAM INC1.7M$41.7M2.0%New
QRVO QORVO INCTechnology468.2K$36.2M1.7%-8.5%
GTLS CHART INDUSTRIES INCIndustrials164.4K$34.0M1.6%New
KVUE KENVUE INCOther1.7M$29.7M1.4%+78.4%
SLAB SILICON LABORATORIES INCTechnology142.6K$29.7M1.4%New
UNF UNIFIRST CORP/MAServices media117.9K$29.7M1.4%New
AL AIR LEASE CORP453.7K$29.5M1.4%-29.7%
430 TERNS PHARMACEUTICALS INC511.2K$26.9M1.3%New
AES AES CORPUtilities1.8M$25.3M1.2%New
MASI* MASIMO CORP135.2K$24.0M1.1%New
TECK TECK RESOURCES LTD-CLS BMaterials445.4K$23.0M1.1%-11.6%
CZR CAESARS ENTERTAINMENT INCServices media776.6K$20.5M1.0%New
PEN PENUMBRA INCHealthcare60.1K$19.7M0.9%New
SEM SELECT MEDICAL HOLDINGS CORPHealthcare1.1M$17.4M0.8%+1318.7%
RIG TRANSOCEAN LTDEnergy2.5M$16.5M0.8%New
DAWNGBX DAY ONE BIOPHARMACEUTICALS I613.9K$13.2M0.6%New
GLDD GREAT LAKES DREDGE & DOCK CO642.9K$10.9M0.5%New
T86 TRI POINTE HOMES INC175.4K$8.2M0.4%New
RNA ATRIUM THERAPEUTICS INCHealthcare607.6K$8.1M0.4%New
QXO QXO INCConsumer discretionary333.9K$6.5M0.3%New
OBA OXLEY BRIDGE ACQUISITIO-CL AFinancials601.7K$6.1M0.3%Held
OLPX OLAPLEX HOLDINGS INCOther2.6M$5.3M0.3%New
PSKY PARAMOUNT SKYDANCE CL BCommunications519.4K$4.7M0.2%+24.8%
CECO CECO ENVIRONMENTAL CORPIndustrials54.2K$3.2M0.2%New
LWAC LIGHTWAVE ACQUISITION CORP-AFinancials315.4K$3.2M0.2%Held
AXIN AXIOM INTELLIGENCE-CL AFinancials300.0K$3.0M0.1%Held
NFLX NETFLIX INCServices media24.8K$2.4M0.1%New
BSX BOSTON SCIENTIFIC CORPHealthcare36.6K$2.3M0.1%New
EGHA EGH ACQUISITION CO-AFinancials202.5K$2.1M0.1%Held
TTWO TAKE-TWO INTERACTIVE SOFTWRETechnology8.9K$1.8M0.1%New
CTRA COTERRA ENERGY INC47.7K$1.7M0.1%New
VSNT VERSANT MEDIA GROUP INCCommunications44.5K$1.6M0.1%New
PACH PIONEER ACQUISITION I-CL AFinancials150.0K$1.5M0.1%Held
FIGX FIGX CAPITAL ACQUISITION C-AFinancials150.0K$1.5M0.1%Held
HVMC HIGHVIEW MERGER CORP-CL AFinancials150.0K$1.5M0.1%Held
ZIM ZIM INTEGRATED SHIPPING SERVIndustrials53.8K$1.4M0.1%New
SWKS SKYWORKS SOLUTIONS INCTechnology24.4K$1.3M0.1%New
PEGA PEGASYSTEMS INCTechnology27.8K$1.2M0.1%New
SGRY SURGERY PARTNERS INCHealthcare86.2K$1.0M0.0%-76.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026107$2.16B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202670$2.16B canonicalSEC ↗
Q3 202513F-HRNov 14, 202575$1.68B canonicalSEC ↗
Q2 202513F-HRAug 14, 202554$1.86B canonicalSEC ↗
Q1 202513F-HRMay 15, 202561$1.60B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202565$1.43B canonicalSEC ↗
Q3 202413F-HRNov 14, 202449$1.54B canonicalSEC ↗
Q2 202413F-HRAug 14, 202457$1.39B canonicalSEC ↗
Q1 202413F-HRMay 15, 202448$1.03B canonicalSEC ↗