1y return+107.6%S&P 500 +20.9%
3y return+152.3%S&P 500 +68.5%
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, 2021: $385 against $157 in the S&P 500.2
Flat Footed LLCS&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 |
|---|---|---|---|
| DHCDiversified Healthcare Tr | $218.4M | 37.9% | |
| CNRCore Natural Resources Inc | $93.3M | 16.2% | +2492.6% |
| Service Pptys TrCUSIP 81761L102 | $86.2M | 15.0% | +5883.9% |
| HHHHoward Hughes Holdings Inc | $44.4M | 7.7% | +188.2% |
| GRFSGrifols S A | $30.8M | 5.3% | +216.9% |
| Teekay Corporation LtdCUSIP G8726T105 | $17.7M | 3.1% | +9.0% |
| RMRRmr Group Inc | $17.7M | 3.1% | +7.3% |
| Ardmore Shipping CorpCUSIP Y0207T100 | $13.3M | 2.3% | −5.6% |
| FISVFiserv Inc | $11.8M | 2.0% | New |
| Transocean LtdCUSIP H8817H100 | $7.8M | 1.4% | New |
| EQTEqt Corp | $7.7M | 1.3% | New |
| FMCFmc Corp | $7.4M | 1.3% | New |
| SMHISeacor Marine Hldgs Inc | $5.2M | 0.9% | New |
| SMCSummit Midstream Corporation | $4.5M | 0.8% | +27.6% |
| ILPTIndustrial Logistics Pptys T | $3.3M | 0.6% | −74.1% |
| IAUXI-80 Gold Corp | $2.6M | 0.5% | −67.4% |
| BTUPeabody Engr Corp | $1.7M | 0.3% | New |
| OBIOOrchestra Biomed Hldgs Inc | $1.1M | 0.2% | New |
| Pangaea Logistics Solution LCUSIP G6891L105 | $974K | 0.2% | New |
| SEVNSeven Hills Realty Trust | $700K | 0.1% | −80.8% |
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 |
|---|---|---|---|
| DHCDiversified Healthcare Tr | December 31, 2021 | +201.0% | $218.4M |
| ILPTIndustrial Logistics Pptys T | June 30, 2025 | +94.9% | $3.3M |
| Ardmore Shipping CorpCUSIP Y0207T100 | June 30, 2025 | +45.9% | $13.3M |
| RMRRmr Group Inc | March 31, 2025 | +23.3% | $17.7M |
| Teekay Corporation LtdCUSIP G8726T105 | June 30, 2025 | +21.2% | $17.7M |
| HHHHoward Hughes Holdings Inc | March 31, 2026 | +13.0% | $44.4M |
| SMCSummit Midstream Corporation | December 31, 2025 | +6.7% | $4.5M |
| CNRCore Natural Resources Inc | March 31, 2025 | +3.8% | $93.3M |
| GRFSGrifols S A | March 31, 2025 | −0.4% | $30.8M |
| IAUXI-80 Gold Corp | December 31, 2025 | −1.4% | $2.6M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +24.7% | +14.8% |
| March 31, 2026 | +24.1% | −4.6% |
| December 31, 2025 | +12.6% | +2.4% |
| September 30, 2025 | +19.2% | +7.8% |
| June 30, 2025 | +18.5% | +10.5% |
| March 31, 2025 | +8.7% | −4.6% |
| December 31, 2024 | −29.3% | +2.1% |
| September 30, 2024 | +19.7% | +5.4% |
| June 30, 2024 | +7.3% | +4.0% |
| March 31, 2024 | −17.8% | +10.0% |
| December 31, 2023 | +26.3% | +11.2% |
| September 30, 2023 | +0.1% | −3.6% |
| June 30, 2023 | +22.8% | +8.3% |
| March 31, 2023 | +6.9% | +7.0% |
| December 31, 2022 | +25.0% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −18.4% | −16.5% |
| March 31, 2022 | +20.8% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Flat Footed LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1799456&type=13F-HR&dateb=&owner=include&count=40CIK 1799456
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1799456/000179945626000012/Filed August 14, 2026 · accession 0001799456-26-000012