Anomaly Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Anomaly Capital Management, LP reported a disclosed portfolio value of approximately $1.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 40.7% quarter on quarter. Over the quarter, the fund initiated 12 new positions, bought more shares in 3 holdings, trimmed 6 holdings, and exited 23 positions.
Anomaly Capital Management, LP's top buy was a new stake in Shake Shack INC (SHAK) , equal to 5.5% of the disclosed portfolio. Its top sell was Burlington Stores INC (BURL) . The fund exited the position completely after it had accounted for 6.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SHAKE SHACK INC | SHAK | 5.5% | History → |
| VISA | V | 4.5% | History → |
| QNITY ELECTRONICS INC | Q | 4.5% | History → |
| MASTEC INC | MTZ | 4.4% | History → |
| ARISTA NETWORKS INC | ANET | 4.3% | Holders → |
| BIRKENSTOCK HOLDING PLC | BIRK | 3.1% | Holders → |
| LINDE PLC | LIN | 3.1% | Holders → |
| AMER SPORTS INC | AS | 2.5% | Holders → |
| C H ROBINSON WORLDWIDE IN | CHRW | 2.2% | Holders → |
| WAYFAIR INC | W | 2.1% | Holders → |
| VENTURE GLOBAL INC | VG | 1.2% | Holders → |
| ATI INC | ATI | 0.7% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| CHIPOTLE MEXICAN GRILL INC | CMG | +1.4% | +163.7% | Holders → |
| DANAHER | DHR | +5.9% | +119.3% | History → |
| GILDAN ACTIVEWEAR INC | GIL | +5.2% | +16.4% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| CORTEVA INC | CTVA | -1.7% | 64.0% | History → |
| PROLOGIS | PLD | -0.8% | 53.8% | Holders → |
| GE HEALTHCARE TECHNOLOGIES INC | GEHC | -1.5% | 51.0% | Holders → |
| ALPHABET CL A | GOOGL | 0.5% | 27.6% | History → |
| PALO ALTO NETWORKS INC | PANW | 0.6% | 23.2% | History → |
| AMAZON.COM | AMZN | 4.9% | 8.3% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| BURLINGTON STORES INC | BURL | 6.8% |
| MICROSOFT | MSFT | 5.2% |
| UNITED AIRLS HLDGS INC | UAL | 4.1% |
| SEA LTD | SE | 3.8% |
| TECHNIPFMC PLC | FTI | 3.4% |
| MCDONALDS CORP | MCD | 2.8% |
| METTLER TOLEDO | MTD | 2.6% |
| SPROUTS FMRS MKT INC | SFM | 2.5% |
| LULULEMON ATHLETICA INC | LULU | 2.2% |
| INTUIT | INTU | 2.0% |
| UNITY SOFTWARE INC | U | 1.8% |
| SPOTIFY TECHNOLOGY S A | SPOT | 1.8% |
| SHARKNINJA INC | SN | 1.7% |
| TEXTRON INC | TXT | 1.6% |
| GE VERNOVA INC | GEV | 1.5% |
| CORE & MAIN INC | CNM | 1.3% |
| WALMART INC | WMT | 1.3% |
| REGAL REXNORD CORPORATION | RRX | 1.3% |
| SNOWFLAKE INC | SNOW | 1.0% |
| WOODWARD INC | WWD | 1.0% |
| SAIA INC | SAIA | 1.0% |
| RH | RH | 0.9% |
| ATLASSIAN CORPORATION | TEAM | 0.8% |
Net Portfolio Value ChangeQ1 2026
- $2.8BPrior quarter
- $1.7BCurrent quarter
- $-1.1BNet delta
- -40.7%% change
Methodology & FAQ
How Anomaly Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Anomaly Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Anomaly Capital Management, LP buy in Q1 2026?
In Q1 2026, Anomaly Capital Management, LP initiated 12 new positions (SHAKE SHACK INC (SHAK), VISA (V), QNITY ELECTRONICS INC (Q), MASTEC INC (MTZ), ARISTA NETWORKS INC (ANET), BIRKENSTOCK HOLDING PLC (BIRK), LINDE PLC (LIN), AMER SPORTS INC (AS), C H ROBINSON WORLDWIDE IN (CHRW), WAYFAIR INC (W), VENTURE GLOBAL INC (VG), ATI INC (ATI)); bought more shares of CHIPOTLE MEXICAN GRILL INC (CMG), DANAHER (DHR), GILDAN ACTIVEWEAR INC (GIL).
What stocks did Anomaly Capital Management, LP sell in Q1 2026?
In Q1 2026, Anomaly Capital Management, LP fully sold 23 positions (BURLINGTON STORES INC (BURL), MICROSOFT (MSFT), UNITED AIRLS HLDGS INC (UAL), SEA LTD (SE), TECHNIPFMC PLC (FTI), MCDONALDS CORP (MCD), METTLER TOLEDO (MTD), SPROUTS FMRS MKT INC (SFM), LULULEMON ATHLETICA INC (LULU), INTUIT (INTU), UNITY SOFTWARE INC (U), SPOTIFY TECHNOLOGY S A (SPOT), SHARKNINJA INC (SN), TEXTRON INC (TXT), GE VERNOVA INC (GEV), CORE & MAIN INC (CNM), WALMART INC (WMT), REGAL REXNORD CORPORATION (RRX), SNOWFLAKE INC (SNOW), WOODWARD INC (WWD), SAIA INC (SAIA), RH (RH), ATLASSIAN CORPORATION (TEAM)); reduced holdings in CORTEVA INC (CTVA), PROLOGIS (PLD), GE HEALTHCARE TECHNOLOGIES INC (GEHC), ALPHABET CL A (GOOGL), PALO ALTO NETWORKS INC (PANW) — the largest 5 of 6 reductions.
Which positions did Anomaly Capital Management, LP initiate in Q1 2026?
Anomaly Capital Management, LP established 12 new positions in Q1 2026: SHAKE SHACK INC (SHAK, 5.5%), VISA (V, 4.5%), QNITY ELECTRONICS INC (Q, 4.5%), MASTEC INC (MTZ, 4.4%), ARISTA NETWORKS INC (ANET, 4.3%), BIRKENSTOCK HOLDING PLC (BIRK, 3.1%), LINDE PLC (LIN, 3.1%), AMER SPORTS INC (AS, 2.5%), C H ROBINSON WORLDWIDE IN (CHRW, 2.2%), WAYFAIR INC (W, 2.1%), VENTURE GLOBAL INC (VG, 1.2%), ATI INC (ATI, 0.7%).
Which existing positions saw the largest allocation increases for Anomaly Capital Management, LP in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: CHIPOTLE MEXICAN GRILL INC (CMG, +1.4% weight, +163.7% shares), DANAHER (DHR, +5.9% weight, +119.3% shares), GILDAN ACTIVEWEAR INC (GIL, +5.2% weight, +16.4% shares).
Which positions did Anomaly Capital Management, LP fully exit in Q1 2026?
Anomaly Capital Management, LP fully exited 23 positions in Q1 2026: BURLINGTON STORES INC (BURL, last-reported weight 6.8%), MICROSOFT (MSFT, last-reported weight 5.2%), UNITED AIRLS HLDGS INC (UAL, last-reported weight 4.1%), SEA LTD (SE, last-reported weight 3.8%), TECHNIPFMC PLC (FTI, last-reported weight 3.4%), MCDONALDS CORP (MCD, last-reported weight 2.8%), METTLER TOLEDO (MTD, last-reported weight 2.6%), SPROUTS FMRS MKT INC (SFM, last-reported weight 2.5%), LULULEMON ATHLETICA INC (LULU, last-reported weight 2.2%), INTUIT (INTU, last-reported weight 2.0%), UNITY SOFTWARE INC (U, last-reported weight 1.8%), SPOTIFY TECHNOLOGY S A (SPOT, last-reported weight 1.8%), SHARKNINJA INC (SN, last-reported weight 1.7%), TEXTRON INC (TXT, last-reported weight 1.6%), GE VERNOVA INC (GEV, last-reported weight 1.5%), CORE & MAIN INC (CNM, last-reported weight 1.3%), WALMART INC (WMT, last-reported weight 1.3%), REGAL REXNORD CORPORATION (RRX, last-reported weight 1.3%), SNOWFLAKE INC (SNOW, last-reported weight 1.0%), WOODWARD INC (WWD, last-reported weight 1.0%), SAIA INC (SAIA, last-reported weight 1.0%), RH (RH, last-reported weight 0.9%), ATLASSIAN CORPORATION (TEAM, last-reported weight 0.8%).
Which existing positions saw the largest allocation reductions for Anomaly Capital Management, LP in Q1 2026?
Of 6 existing positions with share-count reductions in Q1 2026, the largest were: CORTEVA INC (CTVA, -1.7% weight, -64.0% shares), PROLOGIS (PLD, -0.8% weight, -53.8% shares), GE HEALTHCARE TECHNOLOGIES INC (GEHC, -1.5% weight, -51.0% shares), ALPHABET CL A (GOOGL, 0.5% weight, -27.6% shares), PALO ALTO NETWORKS INC (PANW, 0.6% weight, -23.2% shares), AMAZON.COM (AMZN, 4.9% weight, -8.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.