Aequim Alternative Investments LP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 25 quarters, returned +3.2% per quarter — versus +4.0% per quarter from simply owning every 13F stock. It beat that baseline in only 56.0% of quarters (excess t = -0.28, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 102 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| WDC | $397M | | ADD |
| BABA | $252M | | HOLD |
| ECHO | $247M | | ADD |
| HPE | $226M | | ADD |
| EVRG | $181M | | HOLD |
| SNOW | $173M | | HOLD |
| VTR | $163M | | ADD |
| WEC | $153M | | HOLD |
| RIVN | $149M | | ADD |
| BRKR | $144M | | ADD |
| CNP | $127M | | HOLD |
| DUK | $110M | | HOLD |
| ORCL | $103M | | NEW |
| AKAM | $97M | | ADD |
| PCG | $95M | | ADD |
| ALB | $93M | | NEW |
| TCOM | $93M | | TRIM |
| IDCC | $87M | | HOLD |
| GVA | $82M | | ADD |
| WEC | $81M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.