Sachem Head Capital Management LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Sachem Head Capital Management LP initiated 7 new positions, increased allocation to 4 existing positions, trimmed 3 positions, and exited 8 positions entirely. The fund's 13F equity book declined from $4.27B to $4.15B (-2.7% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $4.27BPrior quarter
- $4.15BCurrent quarter
- $-0.11BNet delta
- -2.7%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| PRIMO BRANDS CORPORATION | PRMB | 7.75% | History → |
| WEATHERFORD INTL PLC | WFRD | 5.75% | History → |
| ICON PLC | ICLR | 5.61% | History → |
| GILDAN ACTIVEWEAR INC | GIL | 5.55% | Holders → |
| ON SEMICONDUCTOR CORP | ON | 2.90% | Holders → |
| BITDEER TECHNOLOGIES GROUP | BTDR | 2.01% | Holders → |
| AKAMAI TECHNOLOGIES INC | AKAM | 0.65% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| TALEN ENERGY CORP | TLN | +3.11% | +54.75% | History → |
| DICKS SPORTING GOODS INC | DKS | +2.00% | +31.56% | History → |
| INVESCO EXCHANGE TRADED FD T | RSP | +0.22% | +28.35% | Holders → |
| CARVANA CO | CVNA | +-0.20% | +26.40% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ECHOSTAR CORP | SATS | -4.85% | -42.51% | History → |
| COHERENT CORP | COHR | -1.43% | -40.06% | Holders → |
| GDS HLDGS LTD | GDS | 0.82% | -6.61% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| WARNER BROS DISCOVERY INC | WBD | 5.40% |
| ADMA BIOLOGICS INC | ADMA | 4.86% |
| CVS HEALTH CORP | CVS | 4.81% |
| LIVE NATION ENTERTAINMENT IN | LYV | 4.07% |
| ZOOMINFO TECHNOLOGIES INC | GTM | 3.53% |
| HUT 8 CORP | HUT | 3.04% |
| KENVUE, INC. | KVUE | 1.34% |
| RESIDEO TECHNOLOGIES INC | REZI | 1.34% |
Methodology & FAQ
How Sachem Head Capital Management LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Sachem Head Capital Management LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Sachem Head Capital Management LP initiate in Q1 2026?
Sachem Head Capital Management LP established 7 new positions in Q1 2026: PRIMO BRANDS CORPORATION (PRMB, 7.75%), WEATHERFORD INTL PLC (WFRD, 5.75%), ICON PLC (ICLR, 5.61%), GILDAN ACTIVEWEAR INC (GIL, 5.55%), ON SEMICONDUCTOR CORP (ON, 2.90%), BITDEER TECHNOLOGIES GROUP (BTDR, 2.01%), AKAMAI TECHNOLOGIES INC (AKAM, 0.65%).
Which existing positions saw the largest allocation increases for Sachem Head Capital Management LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: TALEN ENERGY CORP (TLN, +3.11% weight, +54.75% shares), DICKS SPORTING GOODS INC (DKS, +2.00% weight, +31.56% shares), INVESCO EXCHANGE TRADED FD T (RSP, +0.22% weight, +28.35% shares), CARVANA CO (CVNA, +-0.20% weight, +26.40% shares).
Which positions did Sachem Head Capital Management LP fully exit in Q1 2026?
Sachem Head Capital Management LP fully exited 8 positions in Q1 2026: WARNER BROS DISCOVERY INC (WBD, last-reported weight 5.40%), ADMA BIOLOGICS INC (ADMA, last-reported weight 4.86%), CVS HEALTH CORP (CVS, last-reported weight 4.81%), LIVE NATION ENTERTAINMENT IN (LYV, last-reported weight 4.07%), ZOOMINFO TECHNOLOGIES INC (GTM, last-reported weight 3.53%), HUT 8 CORP (HUT, last-reported weight 3.04%), KENVUE, INC. (KVUE, last-reported weight 1.34%), RESIDEO TECHNOLOGIES INC (REZI, last-reported weight 1.34%).
Which existing positions saw the largest allocation reductions for Sachem Head Capital Management LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: ECHOSTAR CORP (SATS, -4.85% weight, -42.51% shares), COHERENT CORP (COHR, -1.43% weight, -40.06% shares), GDS HLDGS LTD (GDS, 0.82% weight, -6.61% 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.