LF
Long Focus Capital Management, LLC — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Long Focus Capital Management, LLCCIK: 0001602716
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$3.9B
Reporting period: 2026-06-30 · Number of holdings: 87
Long Focus Capital Management, LLC disclosed 87 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.9B and a quarterly turnover rate of 28.4%.
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Personality snowflake
- Concentration
- 23.99
- Portfolio Stability
- 28.41
- Momentum
- 100
- Sector conviction
- 74.3
- Diversification
- 100
- Sizing Uniformity
- 80.39
Long Focus Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.060 — mathematically equivalent to about 17 equally-sized positions, well below its 87 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.96), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 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.govAdd DIS
+36.3% $115.4M
Sold out CZR
Trim CVS
-54.1% -$57.0M
Add MOH
-0.8% $57.5M
Add CMCSA
+32.4% $72.4M
Trim BP
-2.8% -$39.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 80 holdings (of 87 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 15.89% | +1.32% | +32.37% | |
| 2 | DIS | Walt Disney Co/the | Stock-Comm Services | 11.11% | +2.64% | +36.32% | |
| 3 | CHTR | Charter Communications Inc-a | Stock-Comm Services | 9.88% | +0.24% | +61.59% | |
| 4 | ET | Energy Transfer LP | Stock-Energy | 5.11% | +0.07% | +6.27% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.29% | +0.40% | — | |
| 6 | MOH | Molina Healthcare Inc | Stock-Healthcare | 3.57% | +1.39% | -0.81% | |
| 7 | BP | Bp Plc-spons Adr | Stock-Energy | 3.31% | -1.18% | -2.78% | |
| 8 | CVS | Cvs Health CORP | Stock-Healthcare | 2.85% | -1.62% | -54.09% | |
| 9 | CNC | Centene CORP | Stock-Healthcare | 2.38% | +0.70% | -24.79% | |
| 10 | RKT | Rocket Cos Inc-class A | Stock-Financials | 2.19% | +0.93% | +63.71% | |
| 11 | FTAI | FTAI Aviation Ltd. | Stock-Industrials | 2.18% | +0.13% | — | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 1.62% | +0.40% | +37.10% | |
| 13 | GLNG | Golar LNG Limited | Stock-Energy | 1.51% | -0.15% | +2.77% | |
| 14 | VSAT | Viasat Inc | Stock-Tech | 1.49% | +0.17% | -40.33% | |
| 15 | BNTX | Biontech Se-adr | Stock-Other | 1.48% | +0.01% | — | |
| 16 | KKR | Kkr & Co Inc | Stock-Financials | 1.48% | +0.27% | +28.05% | |
| 17 | INSM | Insmed Inc | Stock-Healthcare | 1.44% | +0.81% | +264.14% | |
| 18 | BLDR | Builders Firstsource Inc | Stock-Industrials | 1.41% | +0.36% | +28.81% | |
| 19 | HHH | Howard Hughes Holdings Inc | Stock-Real Estate | 1.34% | +0.11% | — | |
| 20 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 1.29% | -0.02% | -10.66% | |
| 21 | APO | Apollo Global Management Inc | Stock-Financials | 1.09% | -0.34% | -25.83% | |
| 22 | AR | Antero Resources CORP | Stock-Energy | 1.05% | -0.27% | — | |
| 23 | FOUR | Shift4 Payments Inc-class A | Stock-Tech | 1.01% | +0.23% | +20.30% | |
| 24 | B | Barrick Mining CORP | Stock-Materials | 0.94% | -0.14% | — | |
| 25 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.93% | -0.85% | -64.52% | |
| 26 | AURA | Aura Biosciences Inc | Stock-Other | 0.93% | +0.11% | +10.82% | |
| 27 | MAT | Mattel Inc | Stock-Consumer Disc | 0.90% | +0.16% | +32.35% | |
| 28 | HAPN | Happen Inc | Stock-Other | 0.88% | +0.14% | -13.95% | |
| 29 | TIC | Tic Solutions Inc | Stock-Other | 0.80% | +0.08% | -5.79% | |
| 30 | AGO | Assured Guaranty Ltd. | Stock-Financials | 0.78% | -0.04% | — | |
| 31 | UBER | Uber Technologies Inc | Stock-Industrials | 0.74% | -0.02% | — | |
| 32 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | Bond | 0.71% | +0.70% | — | |
| 33 | HUM | Humana Inc | Stock-Healthcare | 0.69% | -0.83% | -79.33% | |
| 34 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 0.61% | -0.13% | — | |
| 35 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 0.58% | -0.05% | -9.88% | |
| 36 | WOOF | Petco Health And Wellness Co | Stock-Other | 0.58% | -0.01% | +4.51% | |
| 37 | HLF | Herbalife Ltd. | Stock-Other | 0.57% | -0.09% | — | |
| 38 | ONIT | Onity Group Inc | Stock-Other | 0.55% | -0.01% | — | |
| 39 | SGHT | Sight Sciences Inc | Stock-Other | 0.53% | +0.17% | +6.96% | |
| 40 | ARHS | Arhaus Inc | Stock-Other | 0.53% | +0.18% | +24.41% | |
| 41 | LAD | Lithia Motors Inc | Stock-Consumer Disc | 0.53% | +0.16% | +26.79% | |
| 42 | COF | Capital One Financial CORP | Stock-Financials | 0.51% | -0.19% | -31.03% | |
| 43 | LAB | Standard Biotools Inc | Stock-Other | 0.49% | +0.10% | +46.73% | |
| 44 | SONY | Sony Group CORP - Sp Adr | Stock-Tech | 0.49% | +0.49% | NEW | |
| 45 | BIDU | Baidu Inc - Spon Adr | Stock-Comm Services | 0.47% | — | — | |
| 46 | CIGI | Colliers Intl Gr-subord Vot | Stock-Other | 0.42% | -0.08% | — | |
| 47 | FIP | Ftai Infrastructure Inc | Stock-Other | 0.42% | -0.11% | -13.65% | |
| 48 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 0.41% | -0.03% | — | |
| 49 | VLRS | Controladora Vuela Cia-adr | Stock-Other | 0.39% | +0.07% | — | |
| 50 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.39% | +0.39% | NEW |
1–50 of 80
Portfolio Performance
Performance for Q3 2026
+5.5%
Performance Last 4 Quarters
+25.5%
- Stdev
- +15.6%
- Beta
- +0.63
- Alpha
- +11.4%
- Max Drawdown
- -7.2%
- Annualized Perf
- +25.4%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.51
- Stutzer
- +0.46
- Treynor
- +0.38
- Sterling
- +1.64
- Calmar
- +3.53
- Information Ratio
- +0.28
- Tracking Error
- +14.1%
- Stdev Down
- +6.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +48.1%
- Worst 12 Months
- +7.5%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.54
- Stdev Sectors
- +12.2%
- Skewness
- +0.17
- Kurtosis
- -0.48
- Upside Potential
- +5.23
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 87 | $3.9B | 28 | ||
| 2026 Q1 | 97 | $3.8B | 46 | ||
| 2025 Q4 | 92 | $3.8B | 39 | ||
| 2025 Q3 | 94 | $3.0B | 91 | ||
| 2025 Q2 | 93 | $2.6B | 0 | ||
| 2025 Q1 | 99 | $3.0B | 0 | ||
| 2024 Q4 | 102 | $3.1B | 0 | ||
| 2024 Q3 | 101 | $2.9B | 0 | ||
| 2024 Q2 | 102 | $2.6B | 0 | ||
| 2024 Q1 | 98 | $2.0B | 0 | ||
| 2023 Q4 | 111 | $3.0B | 0 | ||
| 2023 Q3 | 115 | $2.8B | 0 | ||
| 2023 Q2 | 114 | $2.2B | 0 | ||
| 2023 Q1 | 117 | $1.8B | 0 | ||
| 2022 Q4 | 111 | $1.4B | 0 | ||
| 2022 Q3 | 107 | $1.0B | 0 | ||
| 2022 Q2 | 112 | $954.2M | 0 | ||
| 2022 Q1 | 106 | $778.2M | 0 | ||
| 2021 Q4 | 103 | $755.1M | 0 |
Holding changes this quarter
Long Focus Capital Management, LLC's most significant position changes for 2026-06-30: Sold out: Caesars Entertainment Inc (CZR); Sold out: Penn Entertainment Inc (PENN); New buy: Sony Group CORP - Sp Adr (SONY); Sold out: Salesforce Inc (CRM); New buy: Mercadolibre Inc (MELI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DIS | Walt Disney Co/the | +2.6% | +36.32% | Add |
| 2 | MOH | Molina Healthcare Inc | +1.4% | -0.81% | Trim |
| 3 | CMCSA | Comcast Corp-class A | +1.3% | +32.37% | Add |
| 4 | RKT | Rocket Cos Inc-class A | +0.9% | +63.71% | Add |
| 5 | INSM | Insmed Inc | +0.8% | +264.14% | Add |
| 6 | CNC | Centene CORP | +0.7% | -24.79% | Trim |
| 7 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | +0.7% | — | Unchanged |
| 8 | SONY | Sony Group CORP - Sp Adr | +0.5% | NEW | New buy |
| 9 | AMZN | Amazon.com Inc | +0.4% | — | Unchanged |
| 10 | MSFT | Microsoft CORP | +0.4% | +37.10% | Add |
| 11 | MELI | Mercadolibre Inc | +0.4% | NEW | New buy |
| 12 | BLDR | Builders Firstsource Inc | +0.4% | +28.81% | Add |
| 13 | KKR | Kkr & Co Inc | +0.3% | +28.05% | Add |
| 14 | MGTX | MeiraGTx Holdings plc | +0.3% | +105.87% | Add |
| 15 | CHTR | Charter Communications Inc-a | +0.2% | +61.59% | Add |
| 16 | FOUR | Shift4 Payments Inc-class A | +0.2% | +20.30% | Add |
| 17 | ARHS | Arhaus Inc | +0.2% | +24.41% | Add |
| 18 | VSAT | Viasat Inc | +0.2% | -40.33% | Trim |
| 19 | SGHT | Sight Sciences Inc | +0.2% | +6.96% | Add |
| 20 | MAT | Mattel Inc | +0.2% | +32.35% | Add |
| 21 | LAD | Lithia Motors Inc | +0.2% | +26.79% | Add |
| 22 | HAPN | Happen Inc | +0.1% | -13.95% | Trim |
| 23 | FTAI | FTAI Aviation Ltd. | +0.1% | — | Unchanged |
| 24 | HHH | Howard Hughes Holdings Inc | +0.1% | — | Unchanged |
| 25 | AURA | Aura Biosciences Inc | +0.1% | +10.82% | Add |
| 26 | LAB | Standard Biotools Inc | +0.1% | +46.73% | Add |
| 27 | TIC | Tic Solutions Inc | +0.1% | -5.79% | Trim |
| 28 | ET | Energy Transfer LP | +0.1% | +6.27% | Add |
| 29 | VLRS | Controladora Vuela Cia-adr | +0.1% | — | Unchanged |
| 30 | DT | Dynatrace Inc | +0.1% | NEW | New buy |
| 31 | OPRT | Oportun Financial CORP | 0% | — | Unchanged |
| 32 | IOVA | Iovance Biotherapeutics Inc | 0% | — | Unchanged |
| 33 | PZZA | Papa John's Intl Inc | 0% | — | Unchanged |
| 34 | BNTX | Biontech Se-adr | 0% | — | Unchanged |
| 35 | NXST | Nexstar Media Group Inc | 0% | NEW | New buy |
| 36 | ✓ | 0% | NEW | New buy | |
| 37 | TDAY | USA Today Co Inc | 0% | — | Unchanged |
| 38 | BIDU | Baidu Inc - Spon Adr | — | — | Unchanged |
| 39 | GOOGL | Alphabet Inc-cl A | — | — | Unchanged |
| 40 | AIOT | Powerfleet Inc | — | — | Unchanged |
| 41 | LOMA | Loma Negra Cia Ind-spon Adr | — | — | Unchanged |
| 42 | XPL | Solitario Resources CORP | — | — | Unchanged |
| 43 | DXLG | Destination Xl Group Inc | — | — | Unchanged |
| 44 | BIOX | Bioceres Crop Solutions Corp. | — | — | Unchanged |
| 45 | WOOF | Petco Health And Wellness Co | 0% | +4.51% | Add |
| 46 | GLIBK | Liberty Capital Corp-cl C | 0% | — | Unchanged |
| 47 | ONIT | Onity Group Inc | 0% | — | Unchanged |
| 48 | PINS | Pinterest Inc- Class A | 0% | -10.66% | Trim |
| 49 | GLIBA | Liberty Capital CORP | 0% | EXIT | Sold out |
| 50 | CABO | Cable One Inc | 0% | — | Unchanged |
1–50 of 93
* 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 Long Focus Capital Management, LLC and what type of investor is it?
Long Focus Capital Management, LLC 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 $3.9B, spread across 87 disclosed positions.
What are Long Focus Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Long Focus Capital Management, LLC's top holdings by market value are:
1. Comcast Corp-class A (CMCSA) — $621.5M (15.9%)
2. Walt Disney Co/the (DIS) — $434.7M (11.1%)
3. Charter Communications Inc-a (CHTR) — $386.5M (9.9%)
4. Energy Transfer LP (ET) — $199.9M (5.1%)
5. Amazon.com Inc (AMZN) — $167.8M (4.3%)
What changes did Long Focus Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Long Focus Capital Management, LLC made 59 notable position adjustments: 5 new positions were initiated, 19 existing holdings were added to, 22 positions were partially reduced, and 13 were completely exited. The largest of these moves: Sold out: Caesars Entertainment Inc (CZR); Sold out: Penn Entertainment Inc (PENN); New buy: Sony Group CORP - Sp Adr (SONY); Sold out: Salesforce Inc (CRM); New buy: Mercadolibre Inc (MELI)
What sectors does Long Focus Capital Management, LLC focus on?
Long Focus Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 44.0%
• Health Care: 13.5%
• Energy: 12.6%
• Consumer Discretionary: 9.4%
• Financials: 7.2%
• Information Technology: 5.4%
Investment Profile
Long Focus Capital Management, LLC returned an annualized 25.4% over the trailing 36 months — outperforming the S&P 500 by 11.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.63 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 44.0% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its AMZN position over the past two quarters (+$118.6M, now $167.8M), while trimming PYPL over the same stretch (-$125.3M, still holding $10.2M).
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Developer Access
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