Ulysses Management LLC
Long book
$265.5M
Q1 2026
Positions
28
Top-10 weight
88%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsUlysses Management LLC is a concentrated fundamental stock-picker, running a $265.5M US long book across 28 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: AMAZON.COM INC, MICROSOFT CORP, HENRY SCHEIN INC, BALL CORP, UBER TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 3.6pp per quarter behind the S&P 500, beating the index in 2 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
-2.2%
Q2 2024
+7.4%
Q3 2024
+0.1%
Q4 2024
-8.5%
Q1 2025
+12.7%
Q2 2025
+2.2%
Q3 2025
-4.3%
Q4 2025
-14.3%
Q1 2026
+14.8%
Sector allocation
Consumer discretionary 40%
Technology 26%
Industrials 13%
Services media 9%
Financials 8%
Other 3%
Materials 1%
Healthcare 0%
Long book by quarter
What does Ulysses Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 257.5K | $53.6M | 20.2% | Held |
| MSFT MICROSOFT CORP | Technology | 141.4K | $52.3M | 19.7% | -1.7% |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 649.9K | $47.9M | 18.0% | -2.3% |
| BALL BALL CORP | Industrials | 540.0K | $31.9M | 12.0% | -1.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 271.7K | $19.5M | 7.4% | -10.6% |
| SMWB SIMILARWEB LTD | Technology | 3.0M | $7.8M | 2.9% | Held |
| DCOM DIME COMMERCIAL BANCSHARES I | Financials | 224.4K | $7.6M | 2.9% | Held |
| TRMB TRIMBLE INC | Other | 70.0K | $4.6M | 1.7% | -79.7% |
| SSYS STRATASYS LTD | Technology | 555.0K | $4.3M | 1.6% | +640.0% |
| JPM JPMORGAN CHASE & CO | Financials | 13.0K | $3.8M | 1.4% | -40.9% |
| ANGI ANGI INC | Services media | 548.0K | $3.8M | 1.4% | -4.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.0K | $2.5M | 1.0% | -33.3% |
| PACK RANPAK HOLDINGS CORP | Other | 692.3K | $2.5M | 0.9% | Held |
| NTB BANK OF N.T. BUTTERFIELD&SON | Financials | 37.5K | $2.0M | 0.7% | +25.0% |
| GOOGL ALPHABET INC-CL A | Technology | 6.0K | $1.7M | 0.6% | +200.0% |
| USB US BANCORP | Financials | 30.0K | $1.6M | 0.6% | +20.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 3.0K | $1.5M | 0.6% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 25.0K | $1.5M | 0.6% | -28.6% |
| B BARRICK MINING CORP | Materials | 35.0K | $1.4M | 0.5% | Held |
| RKT ROCKET COS INC-CLASS A | Financials | 100.0K | $1.4M | 0.5% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.0K | $978K | 0.4% | Held |
| PFSI PENNYMAC FINANCIAL SERVICES | Financials | 7.5K | $656K | 0.2% | New |
| KRNT KORNIT DIGITAL LTD | Industrials | 40.0K | $586K | 0.2% | Held |
| TECK TECK RESOURCES LTD-CLS B | Materials | 10.0K | $518K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 35 | $802.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 48 | $543.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 50 | $1.36B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 55 | $993.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 46 | $694.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 52 | $624.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 51 | $1.06B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 56 | $716.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 54 | $1.17B | canonical | SEC ↗ |
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