1y return−2.2%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $104 against $127 in the S&P 500.2
Decagon Asset Management LLPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NSCNorfolk Southn Corp | $58.0M | 11.6% | −14.7% |
| ROKURoku Inc | $54.4M | 10.9% | New |
| PENPenumbra Inc | $44.8M | 8.9% | −15.3% |
| Select Med Hldgs CorpCUSIP 81619Q105 | $44.8M | 8.9% | New |
| TECHBio-techne Corp | $39.9M | 8.0% | New |
| Colombier Acquisition Corp ICUSIP G2284A103 | $17.1M | 3.4% | +12.4% |
| Lionheart HoldingsCUSIP G5501C109 | $16.2M | 3.2% | New |
| Viking Acquisition Corp ICUSIP G9582G104 | $13.6M | 2.7% | New |
| Quantum Leap Acquisition CorCUSIP G73167101 | $12.0M | 2.4% | New |
| Oaktree Acquisition Corp IIICUSIP G6717R104 | $11.7M | 2.3% | +8.9% |
| Apex Tech Acquisition IncCUSIP G0R21F121 | $11.2M | 2.2% | +8.9% |
| Helix Acquisition Corp IIICUSIP G4444S107 | $11.1M | 2.2% | +30.8% |
| Archimedes Tech Spac PartnerCUSIP G04537109 | $10.1M | 2.0% | New |
| NWAXNew Amer Acquisition I Corp | $10.1M | 2.0% | +12.3% |
| Galaxyedge Acquisition CorpCUSIP G3710B103 | $9.8M | 2.0% | New |
| Bhav Acquisition CorpCUSIP G1R59W101 | $9.8M | 2.0% | New |
| Quasaredge Acquisition CorpCUSIP G7315L101 | $9.8M | 2.0% | New |
| Jab Acquisition Corp ICUSIP G50004129 | $9.1M | 1.8% | New |
| Starlink Ai Acquisition CorpCUSIP G8443M102 | $9.0M | 1.8% | New |
| Gigcapital9 CorpCUSIP G3865B114 | $8.5M | 1.7% | +12.3% |
| Dynamix CorpCUSIP G2949D104 | $8.3M | 1.7% | New |
| M Evo Gbl Acquisition Corp ICUSIP G6071J102 | $7.9M | 1.6% | −11.1% |
| Pono Cap Four IncCUSIP G71702107 | $7.4M | 1.5% | New |
| Karbon Cap Partners CorpCUSIP G5225W100 | $7.3M | 1.5% | +10.2% |
| Alpex Acquisition CorpCUSIP G63325123 | $7.0M | 1.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NSCNorfolk Southn Corp | December 31, 2025 | +9.0% | $58.0M |
| Oaktree Acquisition Corp IIICUSIP G6717R104 | December 31, 2024 | +7.4% | $11.7M |
| Helix Acquisition Corp IIICUSIP G4444S107 | March 31, 2026 | +4.7% | $11.1M |
| Kochav Defense Acqui CoCUSIP G5304D106 | September 30, 2025 | +3.4% | $7.0M |
| Colombier Acquisition Corp ICUSIP G2284A103 | March 31, 2026 | +1.9% | $17.1M |
| Apex Tech Acquisition IncCUSIP G0R21F121 | March 31, 2026 | +1.5% | $11.2M |
| NWAXNew Amer Acquisition I Corp | March 31, 2026 | +1.4% | $10.1M |
| Gigcapital9 CorpCUSIP G3865B114 | March 31, 2026 | +1.0% | $8.5M |
| Xflh Cap CorpCUSIP G9834D107 | March 31, 2026 | +1.0% | $3.1M |
| Tge Value Creative SolutionsCUSIP G8773E100 | March 31, 2026 | +0.9% | $4.3M |
Sold off last quarter
- Electronic Arts IncCUSIP 285512109 was $27.2M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $26.9M
- Hologic IncCUSIP 436440101 was $20.8M
- Mister Car Wash IncCUSIP 60646V105 was $20.4M
- MBCMasterbrand Inc was $12.9M
- Chart Inds IncCUSIP 16115Q308 was $10.9M
- Galaxyedge Acquisition CorpCUSIP G3710B129 was $9.9M
- Bhav Acquisition CorpCUSIP G1R59W127 was $9.9M
- Future Money Acquisition CorCUSIP G3700S124 was $8.4M
- Bain Cap Gss Invt CorpCUSIP G0R78B106 was $6.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −0.8% | +14.8% |
| March 31, 2026 | −1.3% | −4.6% |
| December 31, 2025 | −0.8% | +2.4% |
| September 30, 2025 | +0.6% | +7.8% |
| June 30, 2025 | +2.2% | +10.5% |
| March 31, 2025 | +4.0% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Decagon Asset Management LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1950677&type=13F-HR&dateb=&owner=include&count=40CIK 1950677
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1950677/000195067726000023/Filed August 14, 2026 · accession 0001950677-26-000023