13F
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Ghisallo Capital Management LLC

13F equity value
$3.6B
Positions
275
Top 10 concentration
29.8%
Quarters / total new picks
20 / 482
13F equity value over time
$0M$2B$4B2020202120222023202420252026

"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.

Not significant Verdict

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 20 quarters, returned +1.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 45.0% of quarters (excess t = 0.50, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.4%
t-stat
0.50
Quarterly win rate
45%
Annualized excess
-2.9%
$1 → follow vs universe
$1.17 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.03520210630: follow 1.09820210930: follow 0.91420211231: follow 0.83320220331: follow 0.78720220630: follow 0.85420220930: follow 0.86720221231: follow 0.81320230331: follow 0.83720230630: follow 0.76620230930: follow 0.90220231231: follow 0.91220240331: follow 0.90720240630: follow 0.96220240930: follow 1.01020241231: follow 0.96820250331: follow 0.97220250630: follow 1.06220250930: follow 1.11920251231: follow 1.167 0.71 1.08 1.45 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 275 · 2026 Q1

Ticker Value Weight QoQ
MDLN $202M
5.6%
ADD
XPEV $128M
3.5%
HOLD
TSLA $102M
2.8%
NEW
NVDA $96M
2.6%
NEW
MSFT $93M
2.5%
NEW
GFS $80M
2.2%
NEW
TT $73M
2.0%
NEW
JCI $72M
2.0%
NEW
ORCL $67M
1.8%
NEW
NBIS $60M
1.6%
HOLD
FPS $54M
1.5%
NEW
ULS $43M
1.2%
TRIM
KTOS $42M
1.2%
ADD
ROL $40M
1.1%
TRIM
AS $40M
1.1%
ADD
MIAX $39M
1.1%
ADD
GEV $35M
1.0%
NEW
DOCN $33M
0.9%
NEW
SARO $31M
0.9%
ADD
GDS $30M
0.8%
NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ALMSAPPAVRBEBGSICADLCRVSDOCNDRUGEAGDSGEVGFSHEIHSAIHTOIONQJCIJHGKCKMTKOSLARLASRLTMLXUMSFTNSCNVDANVGS

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.