Appian Way Asset Management LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Appian Way Asset Management LP reported 38 stock positions worth $389.3 million. Its top holding was Sealed Air (SEE) at 12.1% of the portfolio, followed by Spirit Aerosystems Hold Class A (SPR, 10.3%) and Parsons (PSN, 8.3%). Compared with Q1 2024, it opened 21 new positions, sold out of 12, added to 10 and reduced 7. The biggest buy was a new position in Spirit Aerosystems Hold Class A (SPR) and the biggest sale an exit from Nutrien (NTR).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001795816
Portfolio Value
$389.3M (Q2 2024)
SEC Filing
0001493152-24-032319 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $305.0M Q1 2024 Q2 2024: $389.3M $389.3M Q2 2024 Q3 2024: $444.7M Q3 2024 Q4 2024: $434.9M Q4 2024 Q1 2025: $422.2M Q1 2025 Q2 2025: $398.3M Q2 2025 Q3 2025: $460.0M Q3 2025 Q4 2025: $0 Q4 2025 Q1 2026: $0 Q1 2026 Q2 2026: $0 Q2 2026

Holdings 38 stocks · $389.3M
SEE Sealed Air Corp. 12.06% 1,349,857 $47.0M Add +68.1%
SPR Spirit Aerosystems Hold Class A 10.27% 1,215,961 $40.0M New
PSN Parsons Corp. 8.30% 394,855 $32.3M Add +649.9%
SGML Sigma Lithium Corp. 8.05% 2,604,136 $31.3M Add +14.7%
DY Dycom Industries Inc. 7.47% 172,344 $29.1M Reduce -12.7%
PCT Purecycle Technologies Inc. 7.33% 4,823,742 $28.6M Add +29.8%
KNX Knight-Swift Transportation 5.09% 396,764 $19.8M New
MTZ Mastec Inc. 4.28% 155,874 $16.7M Add +21.1%
CSX CSX Corp. 4.21% 490,062 $16.4M Reduce -12.4%
HRL Hormel Foods Corp. 3.03% 387,373 $11.8M New
UAL United Airlines Holdings Inc. 2.96% 236,552 $11.5M Reduce -1.1%
LHX L3HARRIS Technologies Inc. 2.75% 47,703 $10.7M Reduce -4.6%
MOS The Mosaic Co. 2.63% 354,371 $10.2M New
ATI Ati Inc. 2.32% 162,782 $9.0M Reduce -5.6%
BALL Ball Corp. 2.10% 136,312 $8.2M Add +140.0%
WLK Westlake Corp. 1.82% 48,840 $7.1M Reduce -70.3%
ALK Alaska Air Group Inc. 1.38% 133,018 $5.4M Add +116.6%
EMBJ Embraer SA-Spon ADR 1.36% 205,026 $5.3M New
APD Air Products & Chemicals Inc. 1.33% 20,131 $5.2M New
IP International Paper Co. 1.24% 111,623 $4.8M Add +123.2%
BLDR Builders Firstsource Inc. 0.98% 27,600 $3.8M New
PRIM Primoris Services Corp. 0.92% 72,064 $3.6M New
AXTA Axalta Coating Systems Ltd. 0.85% 96,783 $3.3M New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.77% 31,400 $3.0M New
DD Dupont DE Nemours Inc. 0.77% 37,000 $3.0M New
AZEK The Azek Co. Inc. 0.73% 67,600 $2.8M New
DE Deere & Co. 0.67% 7,000 $2.6M New
TS Tenaris SA-ADR 0.63% 80,878 $2.5M New
NXE Nexgen Energy Ltd. 0.58% 322,943 $2.3M New
GSM Ferroglobe PLC 0.48% 350,000 $1.9M Reduce -76.0%
CPA Copa Holdings SA Class A 0.47% 19,168 $1.8M Add +84.3%
DRIO Dariohealth Corp. 0.42% 1,375,880 $1.6M Add +3.1%
AGCO Agco Corp. 0.42% 16,700 $1.6M New
CCK Crown Holdings Inc. 0.28% 14,916 $1.1M New
DAR Darling Ingredients Inc. 0.28% 29,674 $1.1M New
ENPH Enphase Energy Inc. 0.26% 10,100 $1.0M New
OTIS Otis Worldwide Corp. 0.25% 10,300 $991K New
HON Honeywell International Inc. 0.25% 4,500 $961K New

Options reported separately and not counted above: PCT calls ($1.2M).

Portfolio Sells Q1 2024 → Q2 2024
NTR Nutrien Ltd. Sold out 0.00% −8.63
WLK Westlake Corp. Reduce -70.3% 1.82% −6.43
CALM Cal-Maine Foods Inc. Sold out 0.00% −4.30
ADM Archer-Daniels-Midland Co. Sold out 0.00% −2.88
CSL Carlisle Cos Inc. Sold out 0.00% −2.83
CSX CSX Corp. Reduce -12.4% 4.21% −2.59
CC The Chemours Co. Sold out 0.00% −2.48
GSM Ferroglobe PLC Reduce -76.0% 0.48% −1.90
LPX Louisiana-Pacific Corp. Sold out 0.00% −1.84
DY Dycom Industries Inc. Reduce -12.7% 7.47% −1.82
VRT Vertiv Holdings Co. Class A Sold out 0.00% −1.62
PPC Pilgrim's Pride Corp. Sold out 0.00% −0.83
UAL United Airlines Holdings Inc. Reduce -1.1% 2.96% −0.80
LHX L3HARRIS Technologies Inc. Reduce -4.6% 2.75% −0.74
ENTG Entegris Inc. Sold out 0.00% −0.64
ATI Ati Inc. Reduce -5.6% 2.32% −0.57
WFG West Fraser Timber Co. Ltd. Sold out 0.00% −0.40
AMD Advanced Micro Devices Sold out 0.00% −0.35
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.19

Portfolio Buys Q1 2024 → Q2 2024
SPR Spirit Aerosystems Hold Class A New 10.27% +10.27
PSN Parsons Corp. Add +649.9% 8.30% +6.87
KNX Knight-Swift Transportation New 5.09% +5.09
HRL Hormel Foods Corp. New 3.03% +3.03
MOS The Mosaic Co. New 2.63% +2.63
SEE Sealed Air Corp. Add +68.1% 12.06% +2.27
EMBJ Embraer SA-Spon ADR New 1.36% +1.36
APD Air Products & Chemicals Inc. New 1.33% +1.33
BLDR Builders Firstsource Inc. New 0.98% +0.98
PRIM Primoris Services Corp. New 0.92% +0.92
AXTA Axalta Coating Systems Ltd. New 0.85% +0.85
BALL Ball Corp. Add +140.0% 2.10% +0.85
IFF Intl Flavors & Fragrances New 0.77% +0.77
DD Dupont DE Nemours Inc. New 0.77% +0.77
AZEK The Azek Co. Inc. New 0.73% +0.73
DE Deere & Co. New 0.67% +0.67
TS Tenaris SA-ADR New 0.63% +0.63
IP International Paper Co. Add +123.2% 1.24% +0.60
NXE Nexgen Energy Ltd. New 0.58% +0.58
ALK Alaska Air Group Inc. Add +116.6% 1.38% +0.51
AGCO Agco Corp. New 0.42% +0.42
MTZ Mastec Inc. Add +21.1% 4.28% +0.35
CCK Crown Holdings Inc. New 0.28% +0.28
DAR Darling Ingredients Inc. New 0.28% +0.28
ENPH Enphase Energy Inc. New 0.26% +0.26
OTIS Otis Worldwide Corp. New 0.25% +0.25
HON Honeywell International Inc. New 0.25% +0.25
CPA Copa Holdings SA Class A Add +84.3% 0.47% +0.11
PCT Purecycle Technologies Inc. Add +29.8% 7.33% −0.24
DRIO Dariohealth Corp. Add +3.1% 0.42% −0.25
SGML Sigma Lithium Corp. Add +14.7% 8.05% −1.60

Options Activity Q1 2024 → Q2 2024
PPC Pilgrim's Pride Corp. call Sold out 1,877,300 $64.4Mbefore exit
PCT Purecycle Technologies Inc. call Reduce -89.5% 200,000 $1.2M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
DCFWQ Tritium DCFC Ltd. -CW24 *W EXP 01/13/202 Sold out 24,658 $740before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 0$0
Q1 2026 0$0
Q4 2025 0$0
Q3 2025 28$460.0MGLNG, PCT, KEX, DAR, SEE
Q2 2025 23$398.3MPCT, GLNG, FTAI, CC, AMCR
Q1 2025 26$422.2MGLNG, SGML, PCT, FTAI, SEE
Q4 2024 30$434.9MGLNG, SGML, SEE, PCT, CC
Q3 2024 29$444.7MPCT, SEE, SGML, DY, CC
Q2 2024 38$389.3MSEE, SPR, PSN, SGML, DY
Q1 2024 29$305.0MSEE, SGML, DY, NTR, WLK