CIK: 0002106996
Total reported value
$124.3M
Reporting period: 2026-03-31 · Number of holdings: 62
FLAX POND CAPITAL, LLC disclosed 62 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $124.3M and a quarterly turnover rate of 36.5%.
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Flax Pond Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.039 — mathematically equivalent to about 26 equally-sized positions, well below its 62 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 1.20), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 1% 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.
Trim GPN
-75.0% -$3.7M
Trim JRVR
-97.4% -$3.3M
Add DRVN
+125.6% $2.6M
Trim LYB
-87.1% -$2.7M
Trim PPLI
-48.7% -$1.9M
Add GLD
-5.0% $411.6K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 10.86% | +1.14% | -5.00% | |
| 2 | MUR | Murphy Oil CORP | Stock-Energy | 6.21% | +1.04% | -16.01% | |
| 3 | XIFR | Xplr Infrastructure LP | Stock-Utilities | 4.98% | +0.65% | — | |
| 4 | EIC | Eagle Point Income Co INC | Stock-Other | 4.58% | +0.74% | +33.35% | |
| 5 | DRVN | Driven Brands Holdings INC | Stock-Other | 4.36% | +2.26% | +125.61% | |
| 6 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 4.19% | +1.01% | +0.89% | |
| 7 | BCE | Bce INC | Stock-Comm Services | 3.99% | +0.43% | -2.29% | |
| 8 | RGLD | Royal Gold INC | Stock-Materials | 3.76% | +0.91% | +6.38% | |
| 9 | NEM | Newmont CORP | Stock-Materials | 3.63% | +0.91% | +13.65% | |
| 10 | B | Barrick Mining CORP | Stock-Materials | 3.54% | +0.94% | +34.35% | |
| 11 | COLD | Americold Realty Trust INC | Stock-Real Estate | 3.28% | -0.12% | +0.07% | |
| 12 | NXRT | Nexpoint Residential | Stock-Other | 3.26% | +3.26% | NEW | |
| 13 | GPRK | GeoPark Limited | Stock-Other | 2.70% | +2.70% | NEW | |
| 14 | ANGI | Angi INC | Stock-Other | 2.67% | -0.04% | +72.01% | |
| 15 | KSPI | Jsc Kaspi.kz Adr | Stock-Other | 2.43% | +0.07% | +0.49% | |
| 16 | FOCL | Edap Tms SA -adr | Stock-Other | 2.34% | +0.39% | -1.73% | |
| 17 | BRW | Saba Capital Income & Opport | Stock-Other | 2.20% | +0.14% | +2.53% | |
| 18 | ARE | Alexandria Real Estate Equit | Stock-Real Estate | 2.15% | +0.06% | +0.10% | |
| 19 | LODE | Comstock INC | Stock-Other | 2.09% | — | +22.44% | |
| 20 | SABA | Saba Capital Income & Opp Ii | Stock-Other | 2.00% | +0.27% | +5.94% | |
| 21 | QURE | uniQure N.V. | Stock-Other | 2.00% | -0.61% | +3.78% | |
| 22 | DFAX | Dimensional World Ex US Core | ETF-Other | 1.87% | +0.24% | +1.94% | |
| 23 | LMNR | Limoneira Co | Stock-Other | 1.85% | +0.26% | +0.72% | |
| 24 | PPLI | People INC | Stock-Comm Services | 1.65% | -1.25% | -48.74% | |
| 25 | VET | Vermilion Energy INC | Stock-Other | 1.53% | -0.26% | -52.30% | |
| 26 | GPCR | Structure Therapeutics INC | Stock-Other | 1.40% | -1.12% | -26.11% | |
| 27 | WY | Weyerhaeuser Co | Stock-Real Estate | 1.38% | +0.14% | -0.30% | |
| 28 | GEL | Genesis Energy L.p. | Stock-Other | 1.22% | +0.14% | -8.72% | |
| 29 | IDYA | Ideaya Biosciences INC | Stock-Other | 1.05% | +0.04% | +0.26% | |
| 30 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 1.01% | -0.78% | -49.50% | |
| 31 | NRIX | Nurix Therapeutics INC | Stock-Other | 1.00% | -0.13% | — | |
| 32 | RARE | Ultragenyx Pharmaceutical In | Stock-Other | 0.95% | -0.01% | +0.71% | |
| 33 | GPN | Global Payments INC | Stock-Industrials | 0.83% | -2.69% | -75.01% | |
| 34 | ORGO | Organogenesis Holdings INC | Stock-Other | 0.80% | -0.83% | -0.97% | |
| 35 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 0.68% | -1.92% | -87.06% | |
| 36 | BCYC | Bicycle Therapeutics Plc-adr | Stock-Other | 0.66% | -0.25% | +1.44% | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.63% | +0.48% | +172.59% | |
| 38 | NOMD | Nomad Foods Limited | Stock-Other | 0.62% | +0.62% | NEW | |
| 39 | RVMD | Revolution Medicines INC | Stock-Healthcare | 0.62% | +0.15% | — | |
| 40 | FPH | Five Point Holdings Llc-cl A | Stock-Other | 0.55% | — | +13.27% | |
| 41 | ASA | ASA Gold and Precious Metals Limited | Stock-Other | 0.47% | — | — | |
| 42 | ET | Energy Transfer LP | Stock-Energy | 0.42% | +0.09% | — | |
| 43 | PTCT | Ptc Therapeutics INC | Stock-Healthcare | 0.33% | -0.01% | — | |
| 44 | CMPS | Compass Pathways PLC | Stock-Other | 0.23% | -0.04% | -0.47% | |
| 45 | CDZI | Cadiz INC | Stock-Other | 0.21% | — | — | |
| 46 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.17% | — | -10.29% | |
| 47 | EIDO | Ishares Msci Indonesia ETF | ETF-Other | 0.13% | -0.92% | -86.72% | |
| 48 | BWG | Brandywineglobal Global Inco | Stock-Other | 0.09% | — | -16.67% | |
| 49 | IMSR | Terrestrial Energy INC | Stock-Other | 0.08% | +0.08% | NEW | |
| 50 | EU | Encore Energy CORP | Stock-Other | 0.08% | -0.20% | -65.66% |
Performance for Q3 2026
+1.5%
Performance Last 4 Quarters
+2.5%
Based on 5 months of available history
Flax Pond Capital, LLC's most significant position changes for 2026-03-31: New buy: Nexpoint Residential (NXRT); Sold out: Unitedhealth Group INC (UNH); Sold out: United Parcel Service-cl B (UPS); New buy: GeoPark Limited (GPRK); New buy: Nomad Foods Limited (NOMD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DRVN | Driven Brands Holdings INC | +2.3% | +125.61% | Add |
| 2 | GLD | Spdr Gold Shares | +1.1% | -5.00% | Trim |
| 3 | MUR | Murphy Oil CORP | +1% | -16.01% | Trim |
| 4 | EWZ | Ishares Msci Brazil ETF | +1% | +0.89% | Add |
| 5 | B | Barrick Mining CORP | +0.9% | +34.35% | Add |
| 6 | NEM | Newmont CORP | +0.9% | +13.65% | Add |
| 7 | RGLD | Royal Gold INC | +0.9% | +6.38% | Add |
| 8 | EIC | Eagle Point Income Co INC | +0.7% | +33.35% | Add |
| 9 | XIFR | Xplr Infrastructure LP | +0.7% | — | Unchanged |
| 10 | XOM | Exxon Mobil CORP | +0.5% | +172.59% | Add |
| 11 | BCE | Bce INC | +0.4% | -2.29% | Trim |
| 12 | FOCL | Edap Tms SA -adr | +0.4% | -1.73% | Trim |
| 13 | SABA | Saba Capital Income & Opp Ii | +0.3% | +5.94% | Add |
| 14 | LMNR | Limoneira Co | +0.3% | +0.72% | Add |
| 15 | DFAX | Dimensional World Ex US Core | +0.2% | +1.94% | Add |
| 16 | RVMD | Revolution Medicines INC | +0.2% | — | Unchanged |
| 17 | GEL | Genesis Energy L.p. | +0.1% | -8.72% | Trim |
| 18 | WY | Weyerhaeuser Co | +0.1% | -0.30% | Trim |
| 19 | BRW | Saba Capital Income & Opport | +0.1% | +2.53% | Add |
| 20 | ET | Energy Transfer LP | +0.1% | — | Unchanged |
| 21 | KSPI | Jsc Kaspi.kz Adr | +0.1% | +0.49% | Add |
| 22 | ARE | Alexandria Real Estate Equit | +0.1% | +0.10% | Add |
| 23 | IDYA | Ideaya Biosciences INC | 0% | +0.26% | Add |
| 24 | RARE | Ultragenyx Pharmaceutical In | 0% | +0.71% | Add |
| 25 | PTCT | Ptc Therapeutics INC | 0% | — | Unchanged |
| 26 | ANGI | Angi INC | 0% | +72.01% | Add |
| 27 | CMPS | Compass Pathways PLC | 0% | -0.47% | Trim |
| 28 | COLD | Americold Realty Trust INC | -0.1% | +0.07% | Add |
| 29 | NRIX | Nurix Therapeutics INC | -0.1% | — | Unchanged |
| 30 | EU | Encore Energy CORP | -0.2% | -65.66% | Trim |
| 31 | BCYC | Bicycle Therapeutics Plc-adr | -0.3% | +1.44% | Add |
| 32 | VET | Vermilion Energy INC | -0.3% | -52.30% | Trim |
| 33 | QURE | uniQure N.V. | -0.6% | +3.78% | Add |
| 34 | JD | Jd.com Inc-adr | -0.8% | -49.50% | Trim |
| 35 | ORGO | Organogenesis Holdings INC | -0.8% | -0.97% | Trim |
| 36 | EIDO | Ishares Msci Indonesia ETF | -0.9% | -86.72% | Trim |
| 37 | GPCR | Structure Therapeutics INC | -1.1% | -26.11% | Trim |
| 38 | PPLI | People INC | -1.3% | -48.74% | Trim |
| 39 | LYB | LyondellBasell Industries N.V. | -1.9% | -87.06% | Trim |
| 40 | JRVR | James River Group Holdings I | -2.5% | -97.36% | Trim |
| 41 | GPN | Global Payments INC | -2.7% | -75.01% | Trim |
| 42 | NXRT | Nexpoint Residential | — | NEW | New buy |
| 43 | UNH | Unitedhealth Group INC | — | EXIT | Sold out |
| 44 | UPS | United Parcel Service-cl B | — | EXIT | Sold out |
| 45 | GPRK | GeoPark Limited | — | NEW | New buy |
| 46 | NOMD | Nomad Foods Limited | — | NEW | New buy |
| 47 | WKC | World Kinect CORP | — | EXIT | Sold out |
| 48 | IMSR | Terrestrial Energy INC | — | NEW | New buy |
| 49 | TWST | Twist Bioscience CORP | — | NEW | New buy |
| 50 | FWRDUSD | Forward Air CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-19 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-03-09 | 13F-HR | View on EDGAR |
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