Incision Capital Management LP

CIK 2049997 · View on SEC EDGAR ↗

Portfolio value
$103.2M
#8,298 of 9,443 by 13F value · top 87.9%
Positions
5
As of
June 30, 2026

Portfolio value QoQ: +13.9% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
5
Effective number of positions
4.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 17.53% Est. buys $16,982,450 · sells $21,686,400

New positions
1
Increased
1
Decreased
3
Closed
3
On this page

Sector breakdown

Materials
33.8%
Retail
30.2%
Consumer Discretionary
24.5%
Energy
11.5%

Full portfolio 5 positions

Type Streak 8Q trend
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $31,144,750 30.18% 325,000 $5,473,650 Up ×2
CROX Crocs, Inc. - Common Stock $25,334,400 24.55% 210,000 $-3,722,600 Down ×1
TECK Teck Resources Ltd Ordinary Shares $19,324,500 18.72% 325,000 $-81,750 Down ×2
EGO Eldorado Gold Corporation Ordinary Shares $15,545,000 15.06% 500,000 Up ×1
EXE Expand Energy Corporation - Common Stock $11,854,700 11.49% 130,000 $-4,612,300 Down ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
EGO $15,545,000 500,000 15.06%

Top movers (QoQ)

Security Action Shares Δ Value Δ
SE Bought more +15K +$5.5M
EXE Trimmed -20K -$4.6M
CROX Trimmed -140K -$3.7M
TECK Trimmed -50K -$82K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
EQX March 31, 2026 1,650,000 $23,166,000 No longer tracked
CVE March 31, 2026 1,100,000 $18,612,000 23.4%
GLD March 31, 2026 200,000 $58,000 No longer tracked