Institutional
Incision Capital Management LP
CIK 0002049997
$90.6M
Reported AUM
4
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Incision Capital Management LP · Q1 2026
AI · grounded in 13F
Incision Capital Management LP closed its position in Equinox Gold Corp EQX, reducing exposure by $23.17M. The fund also exited positions in Cenovus Energy Inc CVE for $18.61M and SPDR Gold Trust GLD for $58,000. Offsetting these sells, the fund established a new position in Expand Energy Corporation EXE worth $16.47M and increased its holdings in Sea Ltd-ADR SE by 121.43%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CROX | CROCS INC | $133.52 | -1.78% | 38.30% | -5.94% | $29.1M | 32.07% | — | HELD |
| 2 | SE | SEA LTD-ADR | $108.37 | 0.89% | -29.73% | -67.97% | $25.7M | 28.33% | — | HELD |
| 3 | TECK | TECK RESOURCES LTD-CL B | $57.48 | -1.96% | 82.98% | 173.04% | $19.4M | 21.42% | — | HELD |
| 4 | EXE | EXPAND ENERGY CORPORATION | $92.46 | 4.45% | -10.40% | 99.07% | $16.5M | 18.18% | — | HELD |
Source: SEC EDGAR · accession 0001104659-26-061574. 13F discloses long positions only — shorts, foreign equities, and options are excluded.