Aperture Investors, LLC
SEC Form 13F institutional filer · CIK 0001787596
13F-HR · 23 reported holdings · 2026-03-31
Reported long-US-equity value
$0.13B
Top-10 concentration
77.5%
Aperture Investors, LLC — $133M AUM allocation strategy
Aperture Investors, LLC files SEC Form 13F and reports $133M of long US equity value across 23 reported holdings for 2026-03-31.
Its largest sector bet is Materials 37.2%, followed by Information Technology 20.5% and Energy 12.7%.
The top 10 holdings account for 77% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Aperture Investors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$133M
total across 23 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
77% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$LIN +62K sh · +$31.1M+$NVDA +31K sh · +$4.97M+$UAL +20.6K sh · +$1.48M
Biggest trims (shares)
−$LITE −45.9K sh · −$13.4M−$FCX −40.2K sh · −$1.68M−$O −37.3K sh · −$2.17M
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Industrial Gases25.1%—
- Semiconductors10.5%—
- Oil & Gas Storage & Transportation9.1%—
- Construction Materials8.4%—
- Financial Exchanges & Data7.8%—
- Communications Equipment5.5%—
- Oil & Gas Exploration & Production3.5%—
- Independent Power Producers & Energy Traders3.3%—
- Other holdings26.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $LIN | Linde plc | 67.2K | $33.3M | +62K | 25.1% |
| $WMB | Williams Companies Inc | 167K | $12.1M | +18.7K | 9.1% |
| $NVDA | NVIDIA Corporation | 67.5K | $11.8M | +31K | 8.9% |
| $CRH | CRH PLC | 105K | $11.1M | -10.9K | 8.4% |
| $NDAQ | Nasdaq Inc | 121K | $10.3M | +13.4K | 7.8% |
| $LITE | Lumentum Holdings Inc | 10.5K | $7.38M | -45.9K | 5.6% |
| $EQT | EQT Corporation | 73.4K | $4.67M | -30.1K | 3.5% |
| $NRG | NRG Energy Inc | 30K | $4.38M | — | 3.3% |
| $UAL | United Airlines Holdings Inc | 41.8K | $3.85M | +20.6K | 2.9% |
| $VST | Vistra Corp | 25.4K | $3.82M | +0 | 2.9% |
…and 13 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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