IC
Incision Capital Management LP
Concentrated strategyMomentum followerQuality / disciplined sizing
Total reported value
$90.6M
Reporting period: 2026-03-31 · Number of holdings: 4
Incision Capital Management LP disclosed 4 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $90.6M and a quarterly turnover rate of 70.4%.
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 70.42
- Momentum/Contrarian
- 100
- Sector conviction
- 78.62
- Diversification
- 8
- Sizing Uniformity
- 97.46
Recent moves
Add SE
+121.4% $7.8M
Add CROX
+7.7% $1.3M
Add TECK
-21.1% -$3.3M
Sold out EQX
Sold out CVE
New buy EXE
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 | CROX | Crocs INC | Stock-Consumer Disc | 32.07% | +6.86% | +7.69% | |
| 2 | SE | Sea Ltd-adr | Stock-Comm Services | 28.33% | +12.13% | +121.43% | |
| 3 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 21.42% | +0.78% | -21.05% | |
| 4 | EXE | Expand Energy CORP | Stock-Energy | 18.18% | +18.18% | NEW |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Incision Capital Management LP's most significant position changes for 2026-03-31: Sold out: Equinox Gold CORP (EQX); Sold out: Cenovus Energy INC (CVE); New buy: Expand Energy CORP (EXE); Sold out: Spdr Gold Shares (GLD); Add: Sea Ltd-adr (SE) — shares +121.43%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SE | Sea Ltd-adr | +12.1% | +121.43% | Add |
| 2 | CROX | Crocs INC | +6.9% | +7.69% | Add |
| 3 | TECK | Teck Resources Ltd-cls B | +0.8% | -21.05% | Trim |
| 4 | EQX | Equinox Gold CORP | — | EXIT | Sold out |
| 5 | CVE | Cenovus Energy INC | — | EXIT | Sold out |
| 6 | EXE | Expand Energy CORP | — | NEW | New buy |
| 7 | GLD | Spdr Gold Shares | — | EXIT | Sold out |
FAQ
What is Incision Capital Management LP and what type of investor is it?
Incision Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $90.6M, spread across 4 disclosed positions.
What are Incision Capital Management LP's largest equity positions?
Based on the latest 13F filing, Incision Capital Management LP's top holdings by market value are:
1. Crocs INC (CROX) — $29.1M (32.1%)
2. Sea Ltd-adr (SE) — $25.7M (28.3%)
3. Teck Resources Ltd-cls B (TECK) — $19.4M (21.4%)
4. Expand Energy CORP (EXE) — $16.5M (18.2%)
What changes did Incision Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Incision Capital Management LP made 7 notable position adjustments: 1 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Equinox Gold CORP (EQX); Sold out: Cenovus Energy INC (CVE); New buy: Expand Energy CORP (EXE); Sold out: Spdr Gold Shares (GLD); Add: Sea Ltd-adr (SE) — shares +121.43%
What sectors does Incision Capital Management LP focus on?
Incision Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 32.1%
• Communication Services: 28.3%
• Materials: 21.4%
• Energy: 18.2%