Incision Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Incision Capital Management LP maintained a portfolio of 6 distinct positions. The most significant new addition to the portfolio was CROCS INC, which now represents 25.21% of the total fund value.
PCA Score Concentration Risk
Risk ENB
Total Positions
6
Quarter
2025 Q4
Top Holding
CROX (25.2%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-6 of 6
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
CROX
CROCS INC
Consumer Cyclical 25.21% #1
Prev: #—
10.0 325,000 no change
NEW
325,000 $27,794,000
$85.52 +1.7%
$85.52 +1.7%
2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EQX
EQUINOX GOLD CO...
Basic Materials 21.01% #2
Prev: #—
10.0 1,650,000 no change
NEW
1,650,000 $23,166,000
$14.03 -2.4%
$14.03 -2.4%
2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TECK
TECK RESOURCES ...
Basic Materials 20.64% #3
Prev: #—
10.0 475,000 no change
NEW
475,000 $22,747,750
$47.81 +0.3%
$47.81 +0.3%
2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CVE
CENOVUS ENERGY ...
Energy 16.88% #4
Prev: #—
8.8 1,100,000 no change
NEW
1,100,000 $18,612,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 16.20% #5
Prev: #—
8.5 140,000 no change
NEW
140,000 $17,859,800 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLD
SPDR GOLD TRUST
PUT
PUT Option 0.05% #6
Prev: #—
2.0 200,000 no change
NEW
200,000 $58,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-6 of 6 holdings

Unlock Full Incision Capital Management LP Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics