Fremen Capital Management LP 13F Disclosure & Portfolio Data

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$116.8M

Reporting period: 2026-03-31 · Number of holdings: 17

Fremen Capital Management LP disclosed 17 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $116.8M and a quarterly turnover rate of 54.1%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 35.94
Portfolio Stability: 54.06
Momentum/Contrarian: 100
Sector conviction: 73
Diversification: 32
Sizing Uniformity: 93.17

Recent moves

Add MSFT
+135.5%　$8.8M
Trim V
-29.0%　-$4.6M
Trim LPLA
-48.1%　-$4.3M
Trim MA
-25.7%　-$4.2M
Trim COF
-44.0%　-$3.6M
Add TSM
+6.7%　$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 16 holdings (of 17 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MSFT	Microsoft CORP	Stock-Tech	16.94%	+7.96%	+135.46%
2	AMZN	Amazon.com INC	Stock-Consumer Disc	11.58%	+0.46%	+10.28%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	11.22%	—	+4.53%
4	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	7.97%	+1.55%	+6.66%
5	MDLN	Medline Inc-cl A	Stock-Other	7.49%	+1.24%	+8.12%
6	ASML	ASML Holding N.V.	Stock-Tech	7.03%	+7.03%	NEW
7	IBKR	Interactive Brokers Gro-cl A	Stock-Financials	6.75%	+0.61%	+0.88%
8	MA	Mastercard INC - A	Stock-Financials	6.64%	-3.13%	-25.70%
9	V	Visa Inc-class A Shares	Stock-Financials	6.21%	-3.50%	-29.04%
10	VMC	Vulcan Materials Co	Stock-Materials	4.82%	+0.15%	+3.22%
11	LIN	Linde plc	Stock-Materials	2.89%	+2.89%	NEW
12	LPLA	Lpl Financial Holdings INC	Stock-Financials	2.85%	-3.38%	-48.07%
13	COF	Capital One Financial CORP	Stock-Financials	2.26%	-2.85%	-43.95%
14	MLM	Martin Marietta Materials	Stock-Materials	2.07%	+2.07%	NEW
15	SPGI	S&p Global INC	Stock-Financials	1.84%	+1.84%	NEW
16	VRSK	Verisk Analytics INC	Stock-Industrials	1.45%	+1.45%	NEW

Portfolio Performance

Performance for Q3 2026

Performance Last 4 Quarters

+8.5%

Based on 5 months of available history

Based on 61% of reported portfolio value with available pricing

Stdev: +25.1%
Beta: +1.01
Alpha: -0.3%
Max Drawdown: -1.4%
Annualized Perf: +21.7%
Batting Avg vs S&P: +80%
Sortino: +2.81
Stutzer: —
Treynor: +0.22
Sterling: —
Calmar: +15.93
Information Ratio: -0.01
Tracking Error: +13.5%
Stdev Down: +7.9%
Winning Months %: +60%
Losing Months %: +40%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.39
Sharpe: +0.88
Stdev Sectors: +11.3%
Skewness: +1.11
Kurtosis: -0.16
Upside Potential: +4.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	17	$116.8M	54	1MSFT 2AMZN 3GOOG Top holdings2026-03-31 1.MSFT 2.AMZN 3.GOOG 4.TSM 5.MDLN 6.ASML 7.IBKR 8.MA 9.V 10.VMC
2025-12-31	15	$122.2M	0	1GOOG 2AMZN 3MA Top holdings2025-12-31 1.GOOG 2.AMZN 3.MA 4.V 5.MSFT 6.TSM 7.MDLN 8.LPLA 9.IBKR 10.COF

Holding changes this quarter

Fremen Capital Management LP's most significant position changes for 2026-03-31: New buy: ASML Holding N.V. (ASML); Sold out: Netflix INC (NFLX); Sold out: Wingstop INC (WING); Sold out: Meta Platforms Inc-class A (META); New buy: Linde plc (LIN).

Position changes disclosed by Fremen Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MSFT	Microsoft CORP	+8%	+135.46%	Add
2	TSM	Taiwan Semiconductor-sp Adr	+1.6%	+6.66%	Add
3	MDLN	Medline Inc-cl A	+1.2%	+8.12%	Add
4	IBKR	Interactive Brokers Gro-cl A	+0.6%	+0.88%	Add
5	AMZN	Amazon.com INC	+0.5%	+10.28%	Add
6	VMC	Vulcan Materials Co	+0.2%	+3.22%	Add
7	GOOG	Alphabet Inc-cl C	—	+4.53%	Add
8	COF	Capital One Financial CORP	-2.9%	-43.95%	Trim
9	MA	Mastercard INC - A	-3.1%	-25.70%	Trim
10	LPLA	Lpl Financial Holdings INC	-3.4%	-48.07%	Trim
11	V	Visa Inc-class A Shares	-3.5%	-29.04%	Trim
12	ASML	ASML Holding N.V.	—	NEW	New buy
13	NFLX	Netflix INC	—	EXIT	Sold out
14	WING	Wingstop INC	—	EXIT	Sold out
15	META	Meta Platforms Inc-class A	—	EXIT	Sold out
16	LIN	Linde plc	—	NEW	New buy
17	NATL	Ncr Atleos CORP	—	EXIT	Sold out
18	MLM	Martin Marietta Materials	—	NEW	New buy
19	SPGI	S&p Global INC	—	NEW	New buy
20	VRSK	Verisk Analytics INC	—	NEW	New buy

FAQ

What is Fremen Capital Management LP and what type of investor is it?

Fremen 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 $116.8M, spread across 17 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. Microsoft CORP (MSFT) — $19.8M (16.9%) 2. Amazon.com INC (AMZN) — $13.5M (11.6%) 3. Alphabet Inc-cl C (GOOG) — $13.1M (11.2%) 4. Taiwan Semiconductor-sp Adr (TSM) — $9.3M (8.0%) 5. Medline Inc-cl A (MDLN) — $8.8M (7.5%)

What changes did Fremen Capital Management LP make in its most recent portfolio filing?

In the latest reported quarter, Fremen Capital Management LP made 20 notable position adjustments: 5 new positions were initiated, 7 existing holdings were added to, 4 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: ASML Holding N.V. (ASML); Sold out: Netflix INC (NFLX); Sold out: Wingstop INC (WING); Sold out: Meta Platforms Inc-class A (META); New buy: Linde plc (LIN)

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: 34.5% • Financials: 28.7% • Consumer Discretionary: 12.5% • Communication Services: 12.1% • Materials: 10.6% • Industrials: 1.6%

Peer Institutions

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Orvieto Partners, L.P.

CIK 0002052484

Total reported value

$116.9M

44 stks

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Concentration17.2

Portfolio Stability35.2

Sector conviction100.0

AUM within 0.0% of this institution

View detail

Twin Cities Retirement Group LLC

CIK 0002109366

Total reported value

$116.8M

22 stks

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Concentration36.0

Portfolio Stability10.1

Sector conviction100.0

AUM within 0.0% of this institution

View detail

Leo H. Evart, Inc.

CIK 0001920405

Total reported value

$116.9M

316 stks

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Concentration22.7

Portfolio Stability0.0

Sector conviction71.3

AUM within 0.1% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Fairfield, Bush & Co.

CIK 0001116247

Total reported value

$180.1M

119 stks

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Concentration9.0

Portfolio Stability17.8

Sector conviction54.2

4 of the top 5 holdings overlap, including Microsoft CORP

View detail

Night Owl Capital Management, LLC

CIK 0001410833

Total reported value

$858.0M

30 stks

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Concentration21.1

Portfolio Stability15.0

Sector conviction61.4

4 of the top 5 holdings overlap, including Alphabet Inc-cl C

View detail

Thomasville National Bank

CIK 0001561790

Total reported value

$1.6B

299 stks

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Stale — no recent filing

Concentration9.9

Portfolio Stability10.1

Sector conviction64.0

4 of the top 5 holdings overlap, including Amazon.com INC

View detail

Fremen Capital Management LP 13F Disclosure & Portfolio Data

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$116.8M

Reporting period: 2026-03-31 · Number of holdings: 17

Fremen Capital Management LP disclosed 17 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $116.8M and a quarterly turnover rate of 54.1%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "F"

Personality snowflake

Concentration: 35.94
Portfolio Stability: 54.06
Momentum/Contrarian: 100
Sector conviction: 73
Diversification: 32
Sizing Uniformity: 93.17

Recent moves

Add MSFT
+135.5%　$8.8M
Trim V
-29.0%　-$4.6M
Trim LPLA
-48.1%　-$4.3M
Trim MA
-25.7%　-$4.2M
Trim COF
-44.0%　-$3.6M
Add TSM
+6.7%　$1.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 16 holdings (of 17 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MSFT	Microsoft CORP	Stock-Tech	16.94%	+7.96%	+135.46%
2	AMZN	Amazon.com INC	Stock-Consumer Disc	11.58%	+0.46%	+10.28%
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	11.22%	—	+4.53%
4	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	7.97%	+1.55%	+6.66%
5	MDLN	Medline Inc-cl A	Stock-Other	7.49%	+1.24%	+8.12%
6	ASML	ASML Holding N.V.	Stock-Tech	7.03%	+7.03%	NEW
7	IBKR	Interactive Brokers Gro-cl A	Stock-Financials	6.75%	+0.61%	+0.88%
8	MA	Mastercard INC - A	Stock-Financials	6.64%	-3.13%	-25.70%
9	V	Visa Inc-class A Shares	Stock-Financials	6.21%	-3.50%	-29.04%
10	VMC	Vulcan Materials Co	Stock-Materials	4.82%	+0.15%	+3.22%
11	LIN	Linde plc	Stock-Materials	2.89%	+2.89%	NEW
12	LPLA	Lpl Financial Holdings INC	Stock-Financials	2.85%	-3.38%	-48.07%
13	COF	Capital One Financial CORP	Stock-Financials	2.26%	-2.85%	-43.95%
14	MLM	Martin Marietta Materials	Stock-Materials	2.07%	+2.07%	NEW
15	SPGI	S&p Global INC	Stock-Financials	1.84%	+1.84%	NEW
16	VRSK	Verisk Analytics INC	Stock-Industrials	1.45%	+1.45%	NEW

Portfolio Performance

Performance for Q3 2026

Performance Last 4 Quarters

+8.5%

Based on 5 months of available history

Based on 61% of reported portfolio value with available pricing

Stdev: +25.1%
Beta: +1.01
Alpha: -0.3%
Max Drawdown: -1.4%
Annualized Perf: +21.7%
Batting Avg vs S&P: +80%
Sortino: +2.81
Stutzer: —
Treynor: +0.22
Sterling: —
Calmar: +15.93
Information Ratio: -0.01
Tracking Error: +13.5%
Stdev Down: +7.9%
Winning Months %: +60%
Losing Months %: +40%
Best 12 Months: —
Worst 12 Months: —
Efficiency Ratio: +0.39
Sharpe: +0.88
Stdev Sectors: +11.3%
Skewness: +1.11
Kurtosis: -0.16
Upside Potential: +4.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	17	$116.8M	54	1MSFT 2AMZN 3GOOG Top holdings2026-03-31 1.MSFT 2.AMZN 3.GOOG 4.TSM 5.MDLN 6.ASML 7.IBKR 8.MA 9.V 10.VMC
2025-12-31	15	$122.2M	0	1GOOG 2AMZN 3MA Top holdings2025-12-31 1.GOOG 2.AMZN 3.MA 4.V 5.MSFT 6.TSM 7.MDLN 8.LPLA 9.IBKR 10.COF

Holding changes this quarter

Position changes disclosed by Fremen Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MSFT	Microsoft CORP	+8%	+135.46%	Add
2	TSM	Taiwan Semiconductor-sp Adr	+1.6%	+6.66%	Add
3	MDLN	Medline Inc-cl A	+1.2%	+8.12%	Add
4	IBKR	Interactive Brokers Gro-cl A	+0.6%	+0.88%	Add
5	AMZN	Amazon.com INC	+0.5%	+10.28%	Add
6	VMC	Vulcan Materials Co	+0.2%	+3.22%	Add
7	GOOG	Alphabet Inc-cl C	—	+4.53%	Add
8	COF	Capital One Financial CORP	-2.9%	-43.95%	Trim
9	MA	Mastercard INC - A	-3.1%	-25.70%	Trim
10	LPLA	Lpl Financial Holdings INC	-3.4%	-48.07%	Trim
11	V	Visa Inc-class A Shares	-3.5%	-29.04%	Trim
12	ASML	ASML Holding N.V.	—	NEW	New buy
13	NFLX	Netflix INC	—	EXIT	Sold out
14	WING	Wingstop INC	—	EXIT	Sold out
15	META	Meta Platforms Inc-class A	—	EXIT	Sold out
16	LIN	Linde plc	—	NEW	New buy
17	NATL	Ncr Atleos CORP	—	EXIT	Sold out
18	MLM	Martin Marietta Materials	—	NEW	New buy
19	SPGI	S&p Global INC	—	NEW	New buy
20	VRSK	Verisk Analytics INC	—	NEW	New buy