AC
APEIRON CAPITAL Ltd 13F Filings & Institutional Holdings (Q2 2026)
APEIRON CAPITAL LtdCIK: 0001843111
High-turnover traderSector-focusedContrarian
Total reported value
$155.7M
Reporting period: 2026-06-30 · Number of holdings: 14
APEIRON CAPITAL Ltd disclosed 14 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $155.7M and a quarterly turnover rate of 106.6%.
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Personality snowflake
- Concentration
- 50.85
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 28
- Sizing Uniformity
- 90.84
APEIRON CAPITAL Ltd's disclosed holdings carry a Herfindahl concentration index of 0.127 — mathematically equivalent to about 8 equally-sized positions, well below its 14 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.92), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.4 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 23% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy MUU
Trim SMMT
-26.5% -$10.8M
Trim H5919C104
-20.1% -$5.7M
New buy ABVX
Sold out MU
New buy WDC
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MUU | Direxion Daily Mu Bull 2x Et | ETF-Other | 22.90% | +22.90% | NEW | |
| 2 | ✓ | On Holding AG | Stock-Other | 18.11% | -13.58% | -20.10% | |
| 3 | ABVX | Abivax Sa-adr | Stock-Other | 11.18% | +11.18% | NEW | |
| 4 | QFIN | Qfin Holdings Inc-adr | Stock-Other | 9.91% | -2.55% | -5.41% | |
| 5 | SMMT | Summit Therapeutics Inc | Stock-Other | 9.00% | -14.21% | -26.53% | |
| 6 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 5.49% | +2.71% | +103.41% | |
| 7 | WDC | Western Digital CORP | Stock-Tech | 5.33% | +5.33% | NEW | |
| 8 | NKTR | Nektar Therapeutics | Stock-Other | 4.77% | +4.77% | NEW | |
| 9 | NOK | Nokia Corp-spon Adr | Stock-Tech | 3.23% | +3.23% | NEW | |
| 10 | STX | Seagate Technology Holdings plc | Stock-Tech | 3.10% | +3.10% | NEW | |
| 11 | SNDK | Sandisk CORP | Stock-Tech | 2.31% | +2.31% | NEW | |
| 12 | LITE | Lumentum Holdings Inc | Stock-Tech | 1.93% | +1.93% | NEW | |
| 13 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 1.79% | -1.47% | — | |
| 14 | POET | Poet Technologies Inc | Stock-Other | 0.94% | +0.94% | NEW |
Portfolio Performance
Performance for Q3 2026
-10.9%
Performance Last 4 Quarters
-28.6%
Based on 68% of reported portfolio value with available pricing
- Stdev
- +28%
- Beta
- +1.12
- Alpha
- -33.2%
- Max Drawdown
- -33.3%
- Annualized Perf
- -14.9%
- Batting Avg vs S&P
- +29.6%
- Sortino
- -0.6
- Stutzer
- -0.13
- Treynor
- -0.11
- Sterling
- -0.4
- Calmar
- -0.45
- Information Ratio
- -1.26
- Tracking Error
- +24.7%
- Stdev Down
- +20.4%
- Winning Months %
- +40.7%
- Losing Months %
- +59.3%
- Best 12 Months
- +20.3%
- Worst 12 Months
- -30.3%
- Efficiency Ratio
- +0.19
- Sharpe
- -0.44
- Stdev Sectors
- +42.3%
- Skewness
- +0.4
- Kurtosis
- +0.45
- Upside Potential
- +1.46
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 14 | $155.7M | 100 | ||
| 2026 Q1 | 13 | $106.9M | 48 | ||
| 2025 Q4 | 5 | $86.5M | 97 | ||
| 2025 Q3 | 8 | $210.4M | 100 | ||
| 2025 Q2 | 5 | $105.9M | 0 | ||
| 2025 Q1 | 11 | $217.6M | 100 | ||
| 2024 Q4 | 13 | $268.3M | 0 | ||
| 2024 Q3 | 10 | $280.3M | 0 | ||
| 2024 Q2 | 11 | $286.6M | 0 | ||
| 2024 Q1 | 12 | $197.9M | 0 | ||
| 2023 Q4 | 8 | $68.0M | 0 | ||
| 2023 Q3 | 11 | $149.4M | 0 | ||
| 2023 Q2 | 14 | $165.5M | 0 | ||
| 2023 Q1 | 11 | $179.1M | 0 | ||
| 2022 Q4 | 8 | $102.6M | 0 | ||
| 2022 Q3 | 10 | $150.1M | 0 | ||
| 2022 Q2 | 13 | $163.4M | 0 | ||
| 2022 Q1 | 14 | $226.2M | 0 | ||
| 2021 Q4 | 11 | $339.2M | 0 | ||
| 2021 Q3 | 12 | $381.0M | 0 | ||
| 2021 Q2 | 11 | $309.0M | 86 | ||
| 2021 Q1 | 9 | $232.7M | 23 | ||
| 2020 Q4 | 9 | $207.5M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
APEIRON CAPITAL Ltd's most significant position changes for 2026-06-30: New buy: Direxion Daily Mu Bull 2x Et (MUU); New buy: Abivax Sa-adr (ABVX); New buy: Western Digital CORP (WDC); New buy: Nektar Therapeutics (NKTR); Sold out: Micron Technology Inc (MU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MUU | Direxion Daily Mu Bull 2x Et | +22.9% | NEW | New buy |
| 2 | ABVX | Abivax Sa-adr | +11.2% | NEW | New buy |
| 3 | WDC | Western Digital CORP | +5.3% | NEW | New buy |
| 4 | NKTR | Nektar Therapeutics | +4.8% | NEW | New buy |
| 5 | NOK | Nokia Corp-spon Adr | +3.2% | NEW | New buy |
| 6 | STX | Seagate Technology Holdings plc | +3.1% | NEW | New buy |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +2.7% | +103.41% | Add |
| 8 | SNDK | Sandisk CORP | +2.3% | NEW | New buy |
| 9 | LITE | Lumentum Holdings Inc | +1.9% | NEW | New buy |
| 10 | POET | Poet Technologies Inc | +0.9% | NEW | New buy |
| 11 | PDD | Pdd Holdings Inc | — | EXIT | Sold out |
| 12 | TCOM | Trip.com Group Ltd-adr | -1.5% | — | Unchanged |
| 13 | HOOD | Robinhood Markets Inc - A | -1.7% | EXIT | Sold out |
| 14 | SNPS | Synopsys Inc | -2.2% | EXIT | Sold out |
| 15 | FTAI | FTAI Aviation Ltd. | -2.5% | EXIT | Sold out |
| 16 | QFIN | Qfin Holdings Inc-adr | -2.6% | -5.41% | Trim |
| 17 | KWEB | Kranesh Csi China Internet | -3.3% | EXIT | Sold out |
| 18 | AMZN | Amazon.com Inc | -4.8% | EXIT | Sold out |
| 19 | U | Unity Software Inc | -5.1% | EXIT | Sold out |
| 20 | MU | Micron Technology Inc | -6.9% | EXIT | Sold out |
| 21 | ✓ | On Holding AG | -13.6% | -20.10% | Trim |
| 22 | SMMT | Summit Therapeutics Inc | -14.2% | -26.53% | Trim |
Filing History
FAQ
What is APEIRON CAPITAL Ltd and what type of investor is it?
APEIRON CAPITAL Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $155.7M, spread across 14 disclosed positions.
What are APEIRON CAPITAL Ltd's largest equity positions?
Based on the latest 13F filing, APEIRON CAPITAL Ltd's top holdings by market value are:
1. Direxion Daily Mu Bull 2x Et (MUU) — $35.7M (22.9%)
2. On Holding AG — $28.2M (18.1%)
3. Abivax Sa-adr (ABVX) — $17.4M (11.2%)
4. Qfin Holdings Inc-adr (QFIN) — $15.4M (9.9%)
5. Summit Therapeutics Inc (SMMT) — $14.0M (9.0%)
What changes did APEIRON CAPITAL Ltd make in its most recent portfolio filing?
In the latest reported quarter, APEIRON CAPITAL Ltd made 21 notable position adjustments: 9 new positions were initiated, 1 existing holdings were added to, 3 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Direxion Daily Mu Bull 2x Et (MUU); New buy: Abivax Sa-adr (ABVX); New buy: Western Digital CORP (WDC); New buy: Nektar Therapeutics (NKTR); Sold out: Micron Technology Inc (MU)
What sectors does APEIRON CAPITAL Ltd focus on?
APEIRON CAPITAL Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 92.3%
• Consumer Discretionary: 7.7%
Investment Profile
APEIRON CAPITAL Ltd returned an annualized -14.9% over the trailing 27 months — underperforming the S&P 500 by 33.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.12 (more volatile than the market) and a 30% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 92.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its ON HOLDING AG position for two straight quarters, cutting it by $8.8M while still holding $28.2M.
Peer Institutions
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SC
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Developer Access
Access APEIRON CAPITAL Ltd's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/apeiron-capital-ltdCLI
npx alphasmo institutions get apeiron-capital-ltd