13F
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Sachem Head Capital Management LP

13F equity value
$4.2B
Positions
19
Top 10 concentration
75.4%
Quarters / total new picks
29 / 87
13F equity value over time
$0M$2B$4B2017201820192020202120222023202420252026

"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 29 quarters, returned -0.3% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 51.7% of quarters (excess t = -0.65, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-3.1%
t-stat
-0.65
Quarterly win rate
52%
Annualized excess
-20.6%
$1 → follow vs universe
$0.47 vs $2.09
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190331: universe 0.98520190630: universe 1.05920190930: universe 1.13920191231: universe 0.91920200331: universe 1.10820200630: universe 1.22420200930: universe 1.50120210331: universe 1.51420210630: universe 1.63520210930: universe 1.46820211231: universe 1.24920220331: universe 1.34120220630: universe 1.24220220930: universe 1.33520221231: universe 1.24020230331: universe 1.30620230930: universe 1.48320231231: universe 1.54920240331: universe 1.58420240630: universe 1.72820240930: universe 1.71320241231: universe 1.59920250331: universe 1.74320250630: universe 1.79720250930: universe 2.02120251231: universe 2.091 20180331: follow 1.10920180630: follow 1.07320180930: follow 1.19320190331: follow 1.05820190630: follow 1.15020190930: follow 1.55620191231: follow 1.25420200331: follow 1.16420200630: follow 1.32720200930: follow 1.40120210331: follow 1.56220210630: follow 1.69820210930: follow 1.73020211231: follow 0.60820220331: follow 0.51920220630: follow 0.37320220930: follow 0.40820221231: follow 0.44320230331: follow 0.43220230930: follow 0.43120231231: follow 0.34420240331: follow 0.35320240630: follow 0.43020240930: follow 0.40620241231: follow 0.37620250331: follow 0.43120250630: follow 0.36920250930: follow 0.40620251231: follow 0.471 0.32 1.29 2.26 20182019202020212022202320242025 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 18 holdings of 19 · 2026 Q1

Ticker Value Weight QoQ
TLN $494M
11.9%
ADD
ECHO $352M
8.5%
TRIM
GDS $350M
8.4%
TRIM
PRMB $322M
7.8%
NEW
DKS $318M
7.7%
ADD
TWLO $289M
7.0%
HOLD
PFGC $287M
6.9%
HOLD
CVNA $248M
6.0%
ADD
WFRD $239M
5.8%
NEW
GIL $230M
5.5%
NEW
COHR $230M
5.5%
TRIM
SHC $167M
4.0%
HOLD
ON $120M
2.9%
NEW
FUN $89M
2.1%
HOLD
BTDR $83M
2.0%
NEW
RSP $38M
0.9%
ADD
CXM $34M
0.8%
HOLD
AKAM $27M
0.7%
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

AKAMBTDRGILONPRMBWFRD

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.