Valor Management LLC

Fundamental diversified ★Signal CIK 1846237
Long book
$180.9M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
-15.6%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Valor Management LLC is a diversified fundamental manager, running a $180.9M US long book across 5 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: BITGO HOLDINGS INC-CL A, BRAINSWAY LTD-ADR, CANTON STRATEGIC HOLDINGS IN, HARMONY BIOSCIENCES HOLDINGS, BIOAGE LABS INC.

Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of 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
-5.2%
Q2 2024
+24.1%
Q3 2024
-5.9%
Q4 2024
-3.4%
Q1 2025
-1.0%
Q2 2025
-9.8%
Q3 2025
+30.2%
Q4 2025
+34.6%
Q1 2026
-15.6%

Sector allocation

Financials
94%
Healthcare
6%

Long book by quarter

$479.6M
Q1 2024
$454.7M
Q2 2024
$474.6M
Q3 2024
$249.2M
Q4 2024
$240.6M
Q1 2025
$238.1M
Q2 2025
$67.3M
Q3 2025
$55.1M
Q4 2025
$180.9M
Q1 2026

What does Valor Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BTGO BITGO HOLDINGS INC-CL AFinancials12.5M$103.2M57.0%New
CNTN CANTON STRATEGIC HOLDINGS INHealthcare1.1M$3.5M2.0%New
HRMY HARMONY BIOSCIENCES HOLDINGSHealthcare117.1K$3.3M1.8%Held
BIOA BIOAGE LABS INCHealthcare13.1K$229K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 20265$180.9M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20263$55.1M canonicalSEC ↗
Q3 202513F-HRNov 14, 20254$67.3M canonicalSEC ↗
Q2 202513F-HRAug 14, 20254$238.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 20254$240.6M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20254$249.2M canonicalSEC ↗
Q3 202413F-HRNov 12, 20244$474.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 20246$454.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 20246$479.6M canonicalSEC ↗