Styrax Capital, LP 13F: Quarter-over-Quarter Portfolio Changes
Styrax Capital, LP reported a disclosed portfolio value of approximately $1.4 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 9.7% quarter on quarter. Over the quarter, the fund initiated 4 new positions, bought more shares in 6 holdings, trimmed 7 holdings, and exited 4 positions.
Styrax Capital, LP's top buy was a new stake in Axon Enterprise INC (AXON) , equal to 5.9% of the disclosed portfolio. Its top sell was Elastic N V (ESTC) . The fund exited the position completely after it had accounted for 2.3% 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 |
|---|---|---|---|
| AXON ENTERPRISE INC | AXON | 5.9% | History → |
| KEYSIGHT TECHNOLOGIES INC | KEYS | 4.9% | Holders → |
| APPLIED MATLS INC | AMAT | 4.8% | Holders → |
| CLOUDFLARE INC | NET | 2.9% | 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 |
|---|---|---|---|---|
| CARVANA CO | CVNA | +-0.7% | +33.2% | History → |
| SPOTIFY TECHNOLOGY S A | SPOT | +0.0% | +32.5% | History → |
| ALPHABET CL A | GOOGL | +0.3% | +24.3% | History → |
| GUARDANT HEALTH INC | GH | +-0.3% | +6.5% | Holders → |
| META PLATFORMS INC | META | +-2.4% | +5.7% | History → |
| LUMENTUM HLDGS INC | LITE | +3.1% | +3.6% | 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 |
|---|---|---|---|---|
| MONGODB INC | MDB | -2.3% | 45.7% | Holders → |
| FABRINET | FN | -1.2% | 33.6% | Holders → |
| NVIDIA CORPORATION COM | NVDA | -4.0% | 24.1% | History → |
| VERTIV HOLDINGS CO | VRT | 1.2% | 11.5% | History → |
| AMAZON.COM | AMZN | -3.4% | 1.6% | History → |
| MASTERCARD INCORPORATED | MA | -2.0% | 0.4% | History → |
| SITIME CORP | SITM | -0.3% | 0.1% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ELASTIC N V | ESTC | 2.3% |
| AKAMAI TECHNOLOGIES INC | AKAM | 2.3% |
| AMKOR TECHNOLOGY INC | AMKR | 1.0% |
| WERIDE INC | WRD | 0.9% |
Net Portfolio Value ChangeQ1 2026
- $1.3BPrior quarter
- $1.4BCurrent quarter
- +$0.1BNet delta
- +9.7%% change
Methodology & FAQ
How Styrax Capital, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Styrax Capital, 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 Styrax Capital, LP buy in Q1 2026?
In Q1 2026, Styrax Capital, LP initiated 4 new positions (AXON ENTERPRISE INC (AXON), KEYSIGHT TECHNOLOGIES INC (KEYS), APPLIED MATLS INC (AMAT), CLOUDFLARE INC (NET)); bought more shares of CARVANA CO (CVNA), SPOTIFY TECHNOLOGY S A (SPOT), ALPHABET CL A (GOOGL), GUARDANT HEALTH INC (GH), META PLATFORMS INC (META) — the largest 5 of 6 adds.
What stocks did Styrax Capital, LP sell in Q1 2026?
In Q1 2026, Styrax Capital, LP fully sold 4 positions (ELASTIC N V (ESTC), AKAMAI TECHNOLOGIES INC (AKAM), AMKOR TECHNOLOGY INC (AMKR), WERIDE INC (WRD)); reduced holdings in MONGODB INC (MDB), FABRINET (FN), NVIDIA CORPORATION COM (NVDA), VERTIV HOLDINGS CO (VRT), AMAZON.COM (AMZN) — the largest 5 of 7 reductions.
Which positions did Styrax Capital, LP initiate in Q1 2026?
Styrax Capital, LP established 4 new positions in Q1 2026: AXON ENTERPRISE INC (AXON, 5.9%), KEYSIGHT TECHNOLOGIES INC (KEYS, 4.9%), APPLIED MATLS INC (AMAT, 4.8%), CLOUDFLARE INC (NET, 2.9%).
Which existing positions saw the largest allocation increases for Styrax Capital, LP in Q1 2026?
Of 6 existing positions with share-count increases in Q1 2026, the largest were: CARVANA CO (CVNA, +-0.7% weight, +33.2% shares), SPOTIFY TECHNOLOGY S A (SPOT, +0.0% weight, +32.5% shares), ALPHABET CL A (GOOGL, +0.3% weight, +24.3% shares), GUARDANT HEALTH INC (GH, +-0.3% weight, +6.5% shares), META PLATFORMS INC (META, +-2.4% weight, +5.7% shares), LUMENTUM HLDGS INC (LITE, +3.1% weight, +3.6% shares).
Which positions did Styrax Capital, LP fully exit in Q1 2026?
Styrax Capital, LP fully exited 4 positions in Q1 2026: ELASTIC N V (ESTC, last-reported weight 2.3%), AKAMAI TECHNOLOGIES INC (AKAM, last-reported weight 2.3%), AMKOR TECHNOLOGY INC (AMKR, last-reported weight 1.0%), WERIDE INC (WRD, last-reported weight 0.9%).
Which existing positions saw the largest allocation reductions for Styrax Capital, LP in Q1 2026?
Of 7 existing positions with share-count reductions in Q1 2026, the largest were: MONGODB INC (MDB, -2.3% weight, -45.7% shares), FABRINET (FN, -1.2% weight, -33.6% shares), NVIDIA CORPORATION COM (NVDA, -4.0% weight, -24.1% shares), VERTIV HOLDINGS CO (VRT, 1.2% weight, -11.5% shares), AMAZON.COM (AMZN, -3.4% weight, -1.6% shares), MASTERCARD INCORPORATED (MA, -2.0% weight, -0.4% shares), SITIME CORP (SITM, -0.3% weight, -0.1% 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.