FC
Fremen Capital Management LP: 13F Stock Holdings & Portfolio (Q2 2026)
Fremen Capital Management LPCIK: 0002064172
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$114.0M
Reporting period: 2026-06-30 · Number of holdings: 14
Fremen Capital Management LP disclosed 14 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $114.0M and a quarterly turnover rate of 63.4%.
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Personality snowflake
- Concentration
- 41.7
- Portfolio Stability
- 63.44
- Momentum
- 100
- Sector conviction
- 79.2
- Diversification
- 28
- Sizing Uniformity
- 92.97
Fremen Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.104 — mathematically equivalent to about 10 equally-sized positions, close to its 14 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.70), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim MSFT
-78.2% -$15.4M
New buy AMD
Trim MDLN
-75.7% -$6.9M
Add ASML
+14.6% $6.0M
Add TSM
+7.9% $4.9M
Add GOOG
+3.1% $3.5M
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 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 14.61% | +3.39% | +3.15% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 14.33% | +2.75% | +5.50% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 12.45% | +4.48% | +7.89% | |
| 4 | ASML | ASML Holding N.V. | Stock-Tech | 12.43% | +5.40% | +14.56% | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 9.88% | +9.88% | NEW | |
| 6 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 8.07% | +1.32% | -10.16% | |
| 7 | V | Visa Inc-class A Shares | Stock-Financials | 7.59% | +1.38% | +5.01% | |
| 8 | MA | Mastercard Inc - A | Stock-Financials | 7.57% | +0.93% | +8.07% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.81% | -13.13% | -78.22% | |
| 10 | VMC | Vulcan Materials Co | Stock-Materials | 3.35% | -1.47% | -37.36% | |
| 11 | GE | General Electric | Stock-Industrials | 2.41% | +2.41% | NEW | |
| 12 | MDLN | Medline Inc-cl A | Stock-Other | 1.66% | -5.83% | -75.68% | |
| 13 | LPLA | Lpl Financial Holdings Inc | Stock-Financials | 1.48% | -1.37% | -45.82% | |
| 14 | ✓ | Ferrovial Se | Stock-Other | 0.36% | +0.36% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.5%
Performance Last 4 Quarters
+9.7%
- Stdev
- +22.9%
- Beta
- +1.04
- Alpha
- -5%
- Max Drawdown
- -2%
- Annualized Perf
- +20.3%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.07
- Stutzer
- +0.29
- Treynor
- +0.2
- Sterling
- —
- Calmar
- +9.95
- Information Ratio
- -0.33
- Tracking Error
- +12.1%
- Stdev Down
- +10%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.34
- Sharpe
- +0.91
- Stdev Sectors
- +12.7%
- Skewness
- +0.52
- Kurtosis
- -0.36
- Upside Potential
- +3.86
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Fremen Capital Management LP's most significant position changes for 2026-06-30: New buy: Advanced Micro Devices (AMD); Sold out: Linde plc (LIN); New buy: General Electric (GE); Sold out: Capital One Financial CORP (COF); Sold out: Martin Marietta Materials (MLM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +9.9% | NEW | New buy |
| 2 | ASML | ASML Holding N.V. | +5.4% | +14.56% | Add |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +4.5% | +7.89% | Add |
| 4 | GOOG | Alphabet Inc-cl C | +3.4% | +3.15% | Add |
| 5 | AMZN | Amazon.com Inc | +2.8% | +5.50% | Add |
| 6 | GE | General Electric | +2.4% | NEW | New buy |
| 7 | V | Visa Inc-class A Shares | +1.4% | +5.01% | Add |
| 8 | IBKR | Interactive Brokers Gro-cl A | +1.3% | -10.16% | Trim |
| 9 | MA | Mastercard Inc - A | +0.9% | +8.07% | Add |
| 10 | ✓ | Ferrovial Se | +0.4% | NEW | New buy |
| 11 | LPLA | Lpl Financial Holdings Inc | -1.4% | -45.82% | Trim |
| 12 | VRSK | Verisk Analytics Inc | -1.5% | EXIT | Sold out |
| 13 | VMC | Vulcan Materials Co | -1.5% | -37.36% | Trim |
| 14 | SPGI | S&p Global Inc | -1.8% | EXIT | Sold out |
| 15 | MLM | Martin Marietta Materials | -2.1% | EXIT | Sold out |
| 16 | COF | Capital One Financial CORP | -2.3% | EXIT | Sold out |
| 17 | LIN | Linde plc | -2.9% | EXIT | Sold out |
| 18 | MDLN | Medline Inc-cl A | -5.8% | -75.68% | Trim |
| 19 | MSFT | Microsoft CORP | -13.1% | -78.22% | Trim |
* 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.
Filing History
FAQ
What is Fremen Capital Management LP and what type of investor is it?
Fremen Capital Management LP 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 $114.0M, spread across 14 disclosed positions.
What are Fremen Capital Management LP's largest equity positions?
Based on the latest 13F filing, Fremen Capital Management LP's top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $16.7M (14.6%)
2. Amazon.com Inc (AMZN) — $16.3M (14.3%)
3. Taiwan Semiconductor-sp Adr (TSM) — $14.2M (12.4%)
4. ASML Holding N.V. (ASML) — $14.2M (12.4%)
5. Advanced Micro Devices (AMD) — $11.3M (9.9%)
What changes did Fremen Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Fremen Capital Management LP made 19 notable position adjustments: 3 new positions were initiated, 6 existing holdings were added to, 5 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Advanced Micro Devices (AMD); Sold out: Linde plc (LIN); New buy: General Electric (GE); Sold out: Capital One Financial CORP (COF); Sold out: Martin Marietta Materials (MLM)
What sectors does Fremen Capital Management LP focus on?
Fremen Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.4%
• Financials: 25.2%
• Communication Services: 14.9%
• Consumer Discretionary: 14.6%
• Materials: 3.4%
• Industrials: 2.5%
Investment Profile
Fremen Capital Management LP returned an annualized 20.3% over the trailing 6 months — underperforming the S&P 500 by 5.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.04 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 39.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 63 over the past 2 quarters — a shift toward more active trading.
It has added to its TSM position over the past two quarters (+$6.3M, now $14.2M), while trimming LPLA over the same stretch (-$5.9M, still holding $1.7M).
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Developer Access
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REST API
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