Honeycomb Asset Management LP's SEC 13F Portfolio ($19.4M)

Honeycomb Asset Management LP's disclosed holdings carry a Herfindahl concentration index of 0.494 — mathematically equivalent to about 2 equally-sized positions, well below its 4 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 1.14), 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 25.0 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.