Appian Way Asset Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Appian Way Asset Management LP reported 29 stock positions worth $444.7 million. Its top holding was Purecycle Technologies (PCT) at 12.1% of the portfolio, followed by Sealed Air (SEE, 11.6%) and Sigma Lithium (SGML, 11.4%). Compared with Q2 2024, it opened 13 new positions, sold out of 22, added to 11 and reduced 5. The biggest buy was a new position in Chemours (CC) and the biggest sale Spirit Aerosystems Hold Class A (SPR, shares −59%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001795816
Portfolio Value
$444.7M (Q3 2024)
SEC Filing
0001493152-24-046005 ↗ filed Nov 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 Q2 2024 Q3 2024: $444.7M $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 29 stocks · $444.7M
PCT Purecycle Technologies Inc. 12.12% 5,674,168 $53.9M Add +17.6%
SEE Sealed Air Corp. 11.64% 1,426,247 $51.8M Add +5.7%
SGML Sigma Lithium Corp. 11.38% 4,092,401 $50.6M Add +57.1%
DY Dycom Industries Inc. 8.98% 202,551 $39.9M Add +17.5%
CC The Chemours Co. 7.68% 1,680,673 $34.2M New
MTZ Mastec Inc. 5.24% 189,400 $23.3M Add +21.5%
PSN Parsons Corp. 5.14% 220,307 $22.8M Reduce -44.2%
UAL United Airlines Holdings Inc. 3.62% 282,406 $16.1M Add +19.4%
SPR Spirit Aerosystems Hold Class A 3.61% 494,055 $16.1M Reduce -59.4%
GLNG Golar LNG Ltd. 3.45% 417,611 $15.4M New
ESI Element Solutions Inc. 3.27% 535,843 $14.6M New
XLP SS Consumer Staples Sel Sect 3.21% 172,192 $14.3M New
NXE Nexgen Energy Ltd. 2.39% 1,626,807 $10.6M Add +403.7%
WLK Westlake Corp. 2.22% 65,618 $9.9M Add +34.4%
VRT Vertiv Holdings Co. Class A 1.95% 87,000 $8.7M New
ATI Ati Inc. 1.92% 127,644 $8.5M Reduce -21.6%
SAIA Saia Inc. 1.60% 16,274 $7.1M New
TDG Transdigm Group Inc. 1.48% 4,600 $6.6M New
PRIM Primoris Services Corp. 1.40% 107,431 $6.2M Add +49.1%
MMM 3M Co. 1.26% 40,863 $5.6M New
CSL Carlisle Cos Inc. 1.05% 10,387 $4.7M New
LUV Southwest Airlines Co. 0.95% 143,033 $4.2M New
HUN Huntsman Corp. 0.93% 171,365 $4.1M New
HRL Hormel Foods Corp. 0.86% 120,362 $3.8M Reduce -68.9%
DD Dupont DE Nemours Inc. 0.76% 37,987 $3.4M Add +2.7%
ALK Alaska Air Group Inc. 0.67% 65,484 $3.0M Reduce -50.8%
NTR Nutrien Ltd. 0.56% 51,500 $2.5M New
DRIO Dariohealth Corp. 0.36% 1,410,870 $1.6M Add +2.5%
AA Alcoa Corp. 0.30% 35,000 $1.4M New

Portfolio Sells Q2 2024 → Q3 2024
SPR Spirit Aerosystems Hold Class A Reduce -59.4% 3.61% −6.65
KNX Knight-Swift Transportation Sold out 0.00% −5.09
CSX CSX Corp. Sold out 0.00% −4.21
PSN Parsons Corp. Reduce -44.2% 5.14% −3.16
LHX L3HARRIS Technologies Inc. Sold out 0.00% −2.75
MOS The Mosaic Co. Sold out 0.00% −2.63
HRL Hormel Foods Corp. Reduce -68.9% 0.86% −2.18
BALL Ball Corp. Sold out 0.00% −2.10
EMBJ Embraer SA-Spon ADR Sold out 0.00% −1.36
APD Air Products & Chemicals Inc. Sold out 0.00% −1.33
IP International Paper Co. Sold out 0.00% −1.24
BLDR Builders Firstsource Inc. Sold out 0.00% −0.98
AXTA Axalta Coating Systems Ltd. Sold out 0.00% −0.85
IFF Intl Flavors & Fragrances Sold out 0.00% −0.77
AZEK The Azek Co. Inc. Sold out 0.00% −0.73
ALK Alaska Air Group Inc. Reduce -50.8% 0.67% −0.71
DE Deere & Co. Sold out 0.00% −0.67
TS Tenaris SA-ADR Sold out 0.00% −0.63
GSM Ferroglobe PLC Sold out 0.00% −0.48
CPA Copa Holdings SA Class A Sold out 0.00% −0.47
AGCO Agco Corp. Sold out 0.00% −0.42
ATI Ati Inc. Reduce -21.6% 1.92% −0.40
CCK Crown Holdings Inc. Sold out 0.00% −0.28
DAR Darling Ingredients Inc. Sold out 0.00% −0.28
ENPH Enphase Energy Inc. Sold out 0.00% −0.26
OTIS Otis Worldwide Corp. Sold out 0.00% −0.25
HON Honeywell International Inc. Sold out 0.00% −0.25

Portfolio Buys Q2 2024 → Q3 2024
CC The Chemours Co. New 7.68% +7.68
PCT Purecycle Technologies Inc. Add +17.6% 12.12% +4.79
GLNG Golar LNG Ltd. New 3.45% +3.45
SGML Sigma Lithium Corp. Add +57.1% 11.38% +3.33
ESI Element Solutions Inc. New 3.27% +3.27
XLP SS Consumer Staples Sel Sect New 3.21% +3.21
VRT Vertiv Holdings Co. Class A New 1.95% +1.95
NXE Nexgen Energy Ltd. Add +403.7% 2.39% +1.81
SAIA Saia Inc. New 1.60% +1.60
DY Dycom Industries Inc. Add +17.5% 8.98% +1.51
TDG Transdigm Group Inc. New 1.48% +1.48
MMM 3M Co. New 1.26% +1.26
CSL Carlisle Cos Inc. New 1.05% +1.05
MTZ Mastec Inc. Add +21.5% 5.24% +0.96
LUV Southwest Airlines Co. New 0.95% +0.95
HUN Huntsman Corp. New 0.93% +0.93
UAL United Airlines Holdings Inc. Add +19.4% 3.62% +0.67
NTR Nutrien Ltd. New 0.56% +0.56
PRIM Primoris Services Corp. Add +49.1% 1.40% +0.48
WLK Westlake Corp. Add +34.4% 2.22% +0.40
AA Alcoa Corp. New 0.30% +0.30
DD Dupont DE Nemours Inc. Add +2.7% 0.76% −0.00
DRIO Dariohealth Corp. Add +2.5% 0.36% −0.07
SEE Sealed Air Corp. Add +5.7% 11.64% −0.42

Options Activity Q2 2024 → Q3 2024
PCT Purecycle Technologies Inc. call Sold out 200,000 $1.2Mbefore exit

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