Q2 2026 13F · SEC CIK 2049997
Incision Capital Management LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $103.2M
- Reported positions
- 5
- Holdings vs S&P 500, 3 yrs
- —
- Assets under management
- $220.3M
Incision Capital Management LP is a hedge fund that reported 5 positions worth $103.2M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Sea Ltd (SE, 30.2%), Crocs Inc (CROX, 24.5%), Teck Resources Ltd (TECK, 18.7%).
Incision Capital Management LP holdings all 5 positions.
Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SESea Ltd | 30.2% | +132.1% | $31.1M |
| CROXCrocs Inc | 24.5% | -35.4% | $25.3M |
| TECKTeck Resources Ltd | 18.7% | -31.6% | $19.3M |
| EGOEldorado Gold Corp | 15.1% | — | $15.5M |
| EXEExpand Energy Corporation | 11.5% | — | $11.9M |
What Incision Capital Management LP bought and sold in Q2 2026, against Q4 2025.
New positions
- EGO Eldorado Gold Corp15.1% of 13F
- EXE Expand Energy Corporation11.5% of 13F
Added to
- SE Sea Ltd+132.1% shares
Reduced
- CROX Crocs Inc-35.4% shares
- TECK Teck Resources Ltd-31.6% shares
Sold out
- EQX Equinox Gold Corpwas 21.0%
- CVE Cenovus Energy Incwas 16.9%
Share counts compared with the Q4 2025 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- —
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $103.2M | 5 |
| Q4 2025 | $110.2M | 5 |
Questions about Incision Capital Management LP's portfolio
What stocks does Incision Capital Management LP own?
Incision Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 5 positions worth $103.2M. The largest are Sea Ltd (SE) at 30.2%, Crocs Inc (CROX) at 24.5%, Teck Resources Ltd (TECK) at 18.7%, Eldorado Gold Corp (EGO) at 15.1% and Expand Energy Corporation (EXE) at 11.5%.
What did Incision Capital Management LP buy last quarter?
In Q2 2026, Incision Capital Management LP added a new position in Eldorado Gold Corp (EGO), a new position in Expand Energy Corporation (EXE) and Sea Ltd (SE) (+132.1% shares), compared with its Q4 2025 filing.
What did Incision Capital Management LP sell last quarter?
In Q2 2026, Incision Capital Management LP sold all of Equinox Gold Corp (EQX), sold all of Cenovus Energy Inc (CVE), Crocs Inc (CROX) (-35.4% shares) and Teck Resources Ltd (TECK) (-31.6% shares), compared with its Q4 2025 filing.
When is Incision Capital Management LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Incision Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Incision Capital Management LP manage?
Incision Capital Management LP reported $220.3M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $103.2M.