Slotnik Capital, LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Slotnik Capital, LLC initiated 15 new positions, increased allocation to 4 existing positions, trimmed 3 positions, and exited 19 positions entirely. The fund's 13F equity book declined from $0.37B to $0.34B (-7.8% 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
- $0.37BPrior quarter
- $0.34BCurrent quarter
- $-0.03BNet delta
- -7.8%% 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 |
|---|---|---|---|
| MASIMO CORP | MASI | 12.70% | History → |
| PENUMBRA INC | PEN | 9.85% | History → |
| TERNS PHARMACEUTICALS INC | TERN | 6.59% | History → |
| WEBSTER FINL CORP | WBS | 5.61% | History → |
| SILICON LABORATORIES INC | SLAB | 4.05% | History → |
| ARCELLX INC | ACLX | 4.03% | History → |
| ARIS MINING CORPORATION | ARIS | 3.86% | Holders → |
| TRI POINTE GROUP INC. | TPH | 3.66% | Holders → |
| MISSION PRODUCE INC | AVO | 3.13% | Holders → |
| UNIFIRST CORP | UNF | 2.58% | Holders → |
| APELLIS PHARMACEUTICALS INC | APLS | 1.61% | Holders → |
| TWO HARBORS INVENTMENT CORPO | TWO | 1.10% | Holders → |
| DAY ONE BIOPHARMACEUTICALS I | SYN_23954D109 | 1.06% | Holders → |
| VALARIS LTD | VAL | 0.73% | Holders → |
| ATRIUM THERAPEUTICS INC | RNA | 0.72% | 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 |
|---|---|---|---|---|
| KENVUE, INC. | KVUE | +3.70% | +473.44% | History → |
| CHART INDS INC | GTLS | +7.71% | +111.69% | History → |
| LIBERTY BROADBAND CORP | LBRDA | +2.79% | +59.54% | History → |
| LIFEWAY FOODS INC | LWAY | +0.05% | +22.47% | Holders → |
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 |
|---|---|---|---|---|
| NORFOLK SOUTHN CORP | NSC | -2.63% | -69.26% | Holders → |
| WARNER BROS DISCOVERY INC | WBD | -2.03% | -31.99% | History → |
| LIBERTY BROADBAND CORP | LBRDK | -0.94% | -28.49% | Holders → |
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 |
|---|---|---|
| AVIDITY BIOSCIENCES INC | SYN_05370A108 | 14.12% |
| EXACT SCIENCES CORP | SYN_30063P105 | 8.90% |
| FRONTIER COMMUNICATIONS PARE | SYN_35909D109 | 8.56% |
| COMERICA INC | CMA | 6.34% |
| CONFLUENT INC | SYN_20717M103 | 4.84% |
| CIDARA THERAPEUTICS INC | SYN_171757206 | 4.61% |
| CYBERARK SOFTWARE LTD | SYN_M2682V108 | 4.27% |
| ELECTRONIC ARTS INC | EA | 3.92% |
| SEALED AIR CORPORATION | SYN_81211K100 | 3.67% |
| CLEARWATER ANALYTICS HLDGS I | CWAN | 2.11% |
| CADENCE BANK | CADE | 1.76% |
| ASPEN INSURANCE HOLDINGS LTD | SYN_G05384501 | 1.73% |
| CSG SYS INTL INC | CSGS | 1.47% |
| DIGITALBRIDGE GROUP INC | DBRG | 1.13% |
| GCI LIBERTY INC | GLIBK | 0.87% |
| AXALTA COATING SYS LTD | AXTA | 0.58% |
| SEMRUSH HLDGS INC | SEMR | 0.54% |
| DYNAVAX TECHNOLOGIES CORP | SYN_268158201 | 0.45% |
| NETFLIX INC | NFLX | 0.36% |
Methodology & FAQ
How Slotnik Capital, LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Slotnik Capital, LLC 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 Slotnik Capital, LLC initiate in Q1 2026?
Slotnik Capital, LLC established 15 new positions in Q1 2026: MASIMO CORP (MASI, 12.70%), PENUMBRA INC (PEN, 9.85%), TERNS PHARMACEUTICALS INC (TERN, 6.59%), WEBSTER FINL CORP (WBS, 5.61%), SILICON LABORATORIES INC (SLAB, 4.05%), ARCELLX INC (ACLX, 4.03%), ARIS MINING CORPORATION (ARIS, 3.86%), TRI POINTE GROUP INC. (TPH, 3.66%), MISSION PRODUCE INC (AVO, 3.13%), UNIFIRST CORP (UNF, 2.58%), APELLIS PHARMACEUTICALS INC (APLS, 1.61%), TWO HARBORS INVENTMENT CORPO (TWO, 1.10%), DAY ONE BIOPHARMACEUTICALS I (SYN_23954D109, 1.06%), VALARIS LTD (VAL, 0.73%), ATRIUM THERAPEUTICS INC (RNA, 0.72%).
Which existing positions saw the largest allocation increases for Slotnik Capital, LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: KENVUE, INC. (KVUE, +3.70% weight, +473.44% shares), CHART INDS INC (GTLS, +7.71% weight, +111.69% shares), LIBERTY BROADBAND CORP (LBRDA, +2.79% weight, +59.54% shares), LIFEWAY FOODS INC (LWAY, +0.05% weight, +22.47% shares).
Which positions did Slotnik Capital, LLC fully exit in Q1 2026?
Slotnik Capital, LLC fully exited 19 positions in Q1 2026: AVIDITY BIOSCIENCES INC (SYN_05370A108, last-reported weight 14.12%), EXACT SCIENCES CORP (SYN_30063P105, last-reported weight 8.90%), FRONTIER COMMUNICATIONS PARE (SYN_35909D109, last-reported weight 8.56%), COMERICA INC (CMA, last-reported weight 6.34%), CONFLUENT INC (SYN_20717M103, last-reported weight 4.84%), CIDARA THERAPEUTICS INC (SYN_171757206, last-reported weight 4.61%), CYBERARK SOFTWARE LTD (SYN_M2682V108, last-reported weight 4.27%), ELECTRONIC ARTS INC (EA, last-reported weight 3.92%), SEALED AIR CORPORATION (SYN_81211K100, last-reported weight 3.67%), CLEARWATER ANALYTICS HLDGS I (CWAN, last-reported weight 2.11%), CADENCE BANK (CADE, last-reported weight 1.76%), ASPEN INSURANCE HOLDINGS LTD (SYN_G05384501, last-reported weight 1.73%), CSG SYS INTL INC (CSGS, last-reported weight 1.47%), DIGITALBRIDGE GROUP INC (DBRG, last-reported weight 1.13%), GCI LIBERTY INC (GLIBK, last-reported weight 0.87%), AXALTA COATING SYS LTD (AXTA, last-reported weight 0.58%), SEMRUSH HLDGS INC (SEMR, last-reported weight 0.54%), DYNAVAX TECHNOLOGIES CORP (SYN_268158201, last-reported weight 0.45%), NETFLIX INC (NFLX, last-reported weight 0.36%).
Which existing positions saw the largest allocation reductions for Slotnik Capital, LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: NORFOLK SOUTHN CORP (NSC, -2.63% weight, -69.26% shares), WARNER BROS DISCOVERY INC (WBD, -2.03% weight, -31.99% shares), LIBERTY BROADBAND CORP (LBRDK, -0.94% weight, -28.49% 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.