Incision Capital Management LP — Q1 2026 13F-HR

← Incision Capital Management LP

Q1 2026 · 13F-HR

Incision Capital Management LPholdings as filed

Filed 2026-05-15 · accession 0001104659-26-061574

$90.6M

Reported value

Positions

2026-03-31

Period end

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The Brief · Incision Capital Management LP · Q1 2026

AI · grounded in 13F

Incision Capital Management LP closed its position in Equinox Gold Corp EQX, reducing exposure by $23.17M. The fund also exited positions in Cenovus Energy Inc CVE for $18.61M and SPDR Gold Trust GLD for $58,000. Offsetting these sells, the fund established a new position in Expand Energy Corporation EXE worth $16.47M and increased its holdings in Sea Ltd-ADR SE by 121.43%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
227046109	CROX	CROCS INC	$29.1M	32.1%	350,000	Common	SOLE
81141R100	SE	SEA LTD-ADR	$25.7M	28.3%	310,000	Common	SOLE
878742204	TECK	TECK RESOURCES LTD-CL B	$19.4M	21.4%	375,000	Common	SOLE
165167735	EXE	EXPAND ENERGY CORPORATION	$16.5M	18.2%	150,000	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.