LA
Lyrical Asset Management LP 13F Filing (Q2 2026) — Top Positions & Stock Picks
Lyrical Asset Management LPCIK: 0001542302
ContrarianDiversified strategyQuality / disciplined sizing
Total reported value
$7.9B
Reporting period: 2026-06-30 · Number of holdings: 41
LYRICAL ASSET MANAGEMENT LP disclosed 41 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.9B and a quarterly turnover rate of 22.8%.
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Personality snowflake
- Concentration
- 16.11
- Portfolio Stability
- 22.83
- Momentum
- 0
- Sector conviction
- 73.36
- Diversification
- 82
- Sizing Uniformity
- 91.83
Lyrical Asset Management LP's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, close to its 41 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 0.82), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy IQV
Add FLEX
-33.4% $295.5M
Trim HCA
-2.2% -$61.4M
Trim NRG
-3.4% -$14.0M
Add NTAP
-2.4% $122.8M
Add SNX
-1.6% $110.9M
Holdings Map
New buyAddUnchangedTrim
* 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.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FLEX | Flex Ltd. | Stock-Tech | 9.53% | +2.58% | -33.41% | |
| 2 | JNJ | Johnson & Johnson | Stock-Healthcare | 5.55% | -0.73% | -4.77% | |
| 3 | NRG | Nrg Energy Inc | Stock-Utilities | 4.98% | -1.23% | -3.40% | |
| 4 | FFIV | F5 Inc | Stock-Tech | 4.86% | +0.68% | -2.69% | |
| 5 | NTAP | Netapp Inc | Stock-Tech | 4.84% | +0.89% | -2.43% | |
| 6 | EBAY | Ebay Inc | Stock-Consumer Disc | 4.82% | -0.03% | -2.62% | |
| 7 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 4.66% | -0.59% | -3.72% | |
| 8 | AER | AerCap Holdings N.V. | Stock-Industrials | 4.59% | -0.85% | -4.54% | |
| 9 | SNX | TD Synnex CORP | Stock-Tech | 3.92% | +0.89% | -1.65% | |
| 10 | AMP | Ameriprise Financial Inc | Stock-Financials | 3.79% | -0.74% | -2.61% | |
| 11 | ARW | Arrow Electronics Inc | Stock-Tech | 3.35% | +0.57% | -2.51% | |
| 12 | HCA | Hca Healthcare Inc | Stock-Healthcare | 3.23% | -1.60% | -2.18% | |
| 13 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 3.16% | +0.35% | -4.99% | |
| 14 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 3.09% | +3.09% | NEW | |
| 15 | UBER | Uber Technologies Inc | Stock-Industrials | 2.98% | -0.66% | -1.70% | |
| 16 | CI | THE Cigna Group | Stock-Healthcare | 2.60% | -0.45% | -0.87% | |
| 17 | WCC | Wesco International Inc | Stock-Industrials | 2.52% | -0.02% | -5.17% | |
| 18 | GEN | Gen Digital Inc | Stock-Tech | 2.52% | +0.23% | +0.20% | |
| 19 | CPAY | Corpay Inc | Stock-Tech | 2.50% | -0.25% | -4.25% | |
| 20 | AMG | Affiliated Managers Group | Stock-Financials | 2.03% | -0.09% | -5.82% | |
| 21 | CNC | Centene CORP | Stock-Healthcare | 1.99% | +0.73% | -3.27% | |
| 22 | AIZ | Assurant Inc | Stock-Financials | 1.98% | -0.05% | -4.79% | |
| 23 | ICLR | ICON Public Limited Company | Stock-Healthcare | 1.94% | +0.36% | -6.08% | |
| 24 | LAD | Lithia Motors Inc | Stock-Consumer Disc | 1.84% | +0.09% | +8.13% | |
| 25 | FIS | Fidelity National Info Serv | Stock-Tech | 1.81% | -0.81% | -0.02% | |
| 26 | PRI | Primerica Inc | Stock-Financials | 1.75% | -0.18% | -4.19% | |
| 27 | SSNC | Ss&c Technologies Holdings | Stock-Tech | 1.75% | -0.64% | -4.19% | |
| 28 | GPN | Global Payments Inc | Stock-Industrials | 1.69% | -0.18% | +0.46% | |
| 29 | HSIC | Henry Schein Inc | Stock-Healthcare | 1.55% | -0.19% | -4.99% | |
| 30 | WEX | Wex Inc | Stock-Tech | 1.38% | -0.40% | +1.26% | |
| 31 | LKQ | Lkq CORP | Stock-Consumer Disc | 0.97% | -0.40% | -5.13% | |
| 32 | AN | Autonation Inc | Stock-Consumer Disc | 0.85% | -0.27% | -4.09% | |
| 33 | CNXC | Concentrix CORP | Stock-Tech | 0.39% | -0.11% | +16.05% | |
| 34 | CCK | Crown Holdings Inc | Stock-Consumer Disc | 0.17% | +0.02% | +23.28% | |
| 35 | SUNB | Sunbelt Rentals Holdings Inc | Stock-Industrials | 0.17% | -0.02% | -8.46% | |
| 36 | APTV | Aptiv PLC | Stock-Consumer Disc | 0.13% | — | +15.27% | |
| 37 | ✓ | Versigent LTD | Stock-Other | 0.04% | +0.04% | NEW | |
| 38 | NTDOY | Nintendo Co Ltd-unspons Adr | Stock-Other | 0.03% | -0.03% | -14.50% | |
| 39 | GRAB | Grab Holdings Limited | Stock-Tech | 0.02% | -0.04% | -59.40% | |
| 40 | SONY | Sony Group CORP - Sp Adr | Stock-Tech | 0.01% | +0.01% | +7072.63% | |
| 41 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | — | — | -18.01% |
Portfolio Performance
Performance for Q3 2026
+4.3%
Performance Last 4 Quarters
+22.9%
- Stdev
- +16.3%
- Beta
- +1.03
- Alpha
- +1.3%
- Max Drawdown
- -8.7%
- Annualized Perf
- +22.7%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.64
- Stutzer
- +0.39
- Treynor
- +0.21
- Sterling
- +1.34
- Calmar
- +2.63
- Information Ratio
- +0.21
- Tracking Error
- +9.4%
- Stdev Down
- +8.3%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +43.9%
- Worst 12 Months
- +1.3%
- Efficiency Ratio
- +0.57
- Sharpe
- +1.34
- Stdev Sectors
- +11.4%
- Skewness
- -0.1
- Kurtosis
- -0.62
- Upside Potential
- +4.3
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 41 | $7.9B | 23 | ||
| 2026 Q1 | 39 | $6.6B | 25 | ||
| 2025 Q4 | 37 | $7.6B | 22 | ||
| 2025 Q3 | 38 | $7.1B | 38 | ||
| 2025 Q2 | 38 | $6.9B | 0 | ||
| 2025 Q1 | 38 | $6.6B | 100 | ||
| 2024 Q4 | 38 | $6.8B | 0 | ||
| 2024 Q3 | 38 | $6.9B | 0 | ||
| 2024 Q2 | 36 | $6.2B | 0 | ||
| 2024 Q1 | 36 | $6.7B | 0 | ||
| 2023 Q4 | 40 | $6.1B | 0 | ||
| 2023 Q3 | 41 | $5.3B | 0 | ||
| 2023 Q2 | 40 | $5.3B | 0 | ||
| 2023 Q1 | 38 | $5.1B | 0 | ||
| 2022 Q4 | 47 | $4.7B | 0 | ||
| 2022 Q3 | 38 | $4.8B | 0 | ||
| 2022 Q2 | 41 | $5.8B | 0 | ||
| 2022 Q1 | 39 | $7.2B | 0 | ||
| 2021 Q4 | 37 | $7.5B | 0 | ||
| 2021 Q3 | 34 | $7.8B | 0 | ||
| 2021 Q2 | 33 | $8.3B | 100 | ||
| 2021 Q1 | 33 | $8.5B | 35 | ||
| 2020 Q4 | 37 | $7.2B | 30 | ||
| 2020 Q3 | 33 | $5.5B | 19 | ||
| 2020 Q2 | 32 | $5.1B | 42 | ||
| 2020 Q1 | 39 | $4.1B | 71 | ||
| 2019 Q4 | 34 | $7.4B | 24 | ||
| 2019 Q3 | 33 | $6.6B | 12 | ||
| 2019 Q2 | 35 | $7.2B | 25 | ||
| 2019 Q1 | 33 | $7.5B | 44 | ||
| 2018 Q4 | 36 | $6.6B | 24 | ||
| 2018 Q3 | 34 | $7.1B | 19 | ||
| 2018 Q2 | 33 | $8.0B | 11 | ||
| 2018 Q1 | 33 | $8.2B | 41 | ||
| 2017 Q4 | 33 | $8.2B | 15 | ||
| 2017 Q3 | 33 | $7.7B | 9 | ||
| 2017 Q2 | 33 | $7.1B | 23 | ||
| 2017 Q1 | 33 | $6.2B | 19 | ||
| 2016 Q4 | 33 | $5.6B | 21 | ||
| 2016 Q3 | 33 | $5.1B | 30 | ||
| 2016 Q2 | 33 | $4.8B | 13 | ||
| 2016 Q1 | 33 | $4.6B | 29 | ||
| 2015 Q4 | 33 | $4.1B | 14 | ||
| 2015 Q3 | 33 | $4.2B | 12 | ||
| 2015 Q2 | 33 | $3.8B | 22 | ||
| 2015 Q1 | 33 | $3.3B | 9 | ||
| 2014 Q4 | 33 | $3.3B | 37 | ||
| 2014 Q3 | 34 | $2.6B | 18 | ||
| 2014 Q2 | 34 | $2.3B | 30 | ||
| 2014 Q1 | 34 | $1.8B | 19 | ||
| 2013 Q4 | 35 | $1.6B | 65 | ||
| 2013 Q3 | 34 | $850.9M | 32 | ||
| 2013 Q2 | 34 | $615.2M | — |
Holding changes this quarter
Lyrical Asset Management LP's most significant position changes for 2026-06-30: New buy: Iqvia Holdings Inc (IQV); New buy: Versigent LTD; Trim: Flex Ltd. (FLEX) — shares -33.41%; Trim: Hca Healthcare Inc (HCA) — shares -2.18%; Trim: Nrg Energy Inc (NRG) — shares -3.40%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IQV | Iqvia Holdings Inc | +3.1% | NEW | New buy |
| 2 | FLEX | Flex Ltd. | +2.6% | -33.41% | Trim |
| 3 | NTAP | Netapp Inc | +0.9% | -2.43% | Trim |
| 4 | SNX | TD Synnex CORP | +0.9% | -1.65% | Trim |
| 5 | CNC | Centene CORP | +0.7% | -3.27% | Trim |
| 6 | FFIV | F5 Inc | +0.7% | -2.69% | Trim |
| 7 | ARW | Arrow Electronics Inc | +0.6% | -2.51% | Trim |
| 8 | ICLR | ICON Public Limited Company | +0.4% | -6.08% | Trim |
| 9 | NXPI | NXP Semiconductors N.V. | +0.4% | -4.99% | Trim |
| 10 | GEN | Gen Digital Inc | +0.2% | +0.20% | Add |
| 11 | LAD | Lithia Motors Inc | +0.1% | +8.13% | Add |
| 12 | ✓ | Versigent LTD | 0% | NEW | New buy |
| 13 | CCK | Crown Holdings Inc | 0% | +23.28% | Add |
| 14 | SONY | Sony Group CORP - Sp Adr | 0% | +7072.63% | Add |
| 15 | APTV | Aptiv PLC | — | +15.27% | Add |
| 16 | RSP | Invesco S&p 500 Equal Weight | — | -18.01% | Trim |
| 17 | WCC | Wesco International Inc | 0% | -5.17% | Trim |
| 18 | SUNB | Sunbelt Rentals Holdings Inc | 0% | -8.46% | Trim |
| 19 | EBAY | Ebay Inc | 0% | -2.62% | Trim |
| 20 | NTDOY | Nintendo Co Ltd-unspons Adr | 0% | -14.50% | Trim |
| 21 | GRAB | Grab Holdings Limited | 0% | -59.40% | Trim |
| 22 | AIZ | Assurant Inc | -0.1% | -4.79% | Trim |
| 23 | AMG | Affiliated Managers Group | -0.1% | -5.82% | Trim |
| 24 | CNXC | Concentrix CORP | -0.1% | +16.05% | Add |
| 25 | PRI | Primerica Inc | -0.2% | -4.19% | Trim |
| 26 | GPN | Global Payments Inc | -0.2% | +0.46% | Add |
| 27 | HSIC | Henry Schein Inc | -0.2% | -4.99% | Trim |
| 28 | CPAY | Corpay Inc | -0.3% | -4.25% | Trim |
| 29 | AN | Autonation Inc | -0.3% | -4.09% | Trim |
| 30 | LKQ | Lkq CORP | -0.4% | -5.13% | Trim |
| 31 | WEX | Wex Inc | -0.4% | +1.26% | Add |
| 32 | CI | THE Cigna Group | -0.5% | -0.87% | Trim |
| 33 | EXPE | Expedia Group Inc | -0.6% | -3.72% | Trim |
| 34 | SSNC | Ss&c Technologies Holdings | -0.6% | -4.19% | Trim |
| 35 | UBER | Uber Technologies Inc | -0.7% | -1.70% | Trim |
| 36 | JNJ | Johnson & Johnson | -0.7% | -4.77% | Trim |
| 37 | AMP | Ameriprise Financial Inc | -0.7% | -2.61% | Trim |
| 38 | FIS | Fidelity National Info Serv | -0.8% | -0.02% | Trim |
| 39 | AER | AerCap Holdings N.V. | -0.9% | -4.54% | Trim |
| 40 | NRG | Nrg Energy Inc | -1.2% | -3.40% | Trim |
| 41 | HCA | Hca Healthcare Inc | -1.6% | -2.18% | Trim |
Filing History
FAQ
What is Lyrical Asset Management LP and what type of investor is it?
Lyrical Asset 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 $7.9B, spread across 41 disclosed positions.
What are Lyrical Asset Management LP's largest equity positions?
Based on the latest 13F filing, Lyrical Asset Management LP's top holdings by market value are:
1. Flex Ltd. (FLEX) — $751.2M (9.5%)
2. Johnson & Johnson (JNJ) — $437.8M (5.5%)
3. Nrg Energy Inc (NRG) — $392.8M (5.0%)
4. F5 Inc (FFIV) — $383.5M (4.9%)
5. Netapp Inc (NTAP) — $381.6M (4.8%)
What changes did Lyrical Asset Management LP make in its most recent portfolio filing?
In the latest reported quarter, Lyrical Asset Management LP made 41 notable position adjustments: 2 new positions were initiated, 8 existing holdings were added to, 31 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Iqvia Holdings Inc (IQV); New buy: Versigent LTD; Trim: Flex Ltd. (FLEX) — shares -33.41%; Trim: Hca Healthcare Inc (HCA) — shares -2.18%; Trim: Nrg Energy Inc (NRG) — shares -3.40%
What sectors does Lyrical Asset Management LP focus on?
Lyrical Asset Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.1%
• Health Care: 20.0%
• Consumer Discretionary: 13.4%
• Industrials: 12.0%
• Financials: 9.6%
• Utilities: 5.0%
Investment Profile
Lyrical Asset Management LP returned an annualized 22.7% over the trailing 36 months — outperforming the S&P 500 by 1.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.03 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 23 over the past 4 quarters — a shift toward more active trading.
It has added to its FLEX position over the past two quarters (+$295.8M, now $751.2M), while trimming FIS over the same stretch (-$111.1M, still holding $142.5M).
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Developer Access
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REST API
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