Appian Way Asset Management LP In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Appian Way Asset Management LP reported 30 stock positions worth $434.9 million . Its top holding was Golar LNG (GLNG) at 12.8% of the portfolio, followed by Sigma Lithium (SGML, 12.2% ) and Sealed Air (SEE, 11.8% ). Compared with Q3 2024, it opened 16 new positions, sold out of 15, added to 7 and reduced 7. The biggest buy was Golar LNG (GLNG, shares +215% ) and the biggest sale Dycom Industries (DY, shares −55% ).
Location NEW YORK, NY
CIK 0001795816
Portfolio Value $434.9M (Q4 2024) Holdings 30 stocks · $434.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 GLNG Golar LNG Ltd. 1,315,422 $55.7M Add +215.0% SGML Sigma Lithium Corp. 4,712,425 $52.9M Add +15.2% SEE Sealed Air Corp. 1,515,188 $51.3M Add +6.2% PCT Purecycle Technologies Inc. 4,865,682 $49.9M Reduce -14.3% CC The Chemours Co. 2,532,276 $42.8M Add +50.7% SPR Spirit Aerosystems Hold Class A 1,131,506 $38.6M Add +129.0% ESI Element Solutions Inc. 1,283,213 $32.6M Add +139.5% AMCR Amcor PLC 1,806,098 $17.0M New DY Dycom Industries Inc. 91,143 $15.9M Reduce -55.0% GEO The Geo Group Inc. 501,830 $14.0M New FTAI Ftai Aviation Ltd. 64,231 $9.3M New PCAR Paccar Inc. 79,923 $8.3M New FMC FMC Corp. 144,059 $7.0M New KBR KBR Inc. 120,707 $7.0M New CACI Caci International Inc. Class A 12,399 $5.0M New LW Lamb Weston Holdings Inc. 67,320 $4.5M New NXE Nexgen Energy Ltd. 465,582 $3.1M Reduce -71.4% CMP Compass Minerals Internation 232,730 $2.6M New AA Alcoa Corp. 67,418 $2.5M Add +92.6% UBER Uber Technologies Inc. 40,000 $2.4M New AVNT Avient Corp. 48,800 $2.0M New KEX Kirby Corp. 16,739 $1.8M New WLK Westlake Corp. 15,172 $1.7M Reduce -76.9% FDX FedEx Corp. 5,700 $1.6M New HRL Hormel Foods Corp. 49,000 $1.5M Reduce -59.3% DRIO Dariohealth Corp. 1,410,845 $1.1M Reduce 0.0% WULF Terawulf Inc. 194,623 $1.1M New IREN Iren Ltd. filed as IREN LIMITED 87,500 $859K New PRIM Primoris Services Corp. 6,331 $484K Reduce -94.1% GGB Gerdau SA -Spon ADR 136,391 $393K New
Options reported separately and not counted above: CC calls ($18.9M), CE calls ($10.4M), SEE calls ($6.8M), GLNG calls ($5.1M), ESI calls ($4.3M).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ DY Dycom Industries Inc. Reduce -55.0% 3.65% −5.33 MTZ Mastec Inc. Sold out 0.00% −5.24 PSN Parsons Corp. Sold out 0.00% −5.14 UAL United Airlines Holdings Inc. Sold out 0.00% −3.62 XLP SS Consumer Staples Sel Sect Sold out 0.00% −3.21 VRT Vertiv Holdings Co. Class A Sold out 0.00% −1.95 ATI Ati Inc. Sold out 0.00% −1.92 WLK Westlake Corp. Reduce -76.9% 0.40% −1.82 NXE Nexgen Energy Ltd. Reduce -71.4% 0.71% −1.68 SAIA Saia Inc. Sold out 0.00% −1.60 TDG Transdigm Group Inc. Sold out 0.00% −1.48 PRIM Primoris Services Corp. Reduce -94.1% 0.11% −1.29 MMM 3M Co. Sold out 0.00% −1.26 CSL Carlisle Cos Inc. Sold out 0.00% −1.05 LUV Southwest Airlines Co. Sold out 0.00% −0.95 HUN Huntsman Corp. Sold out 0.00% −0.93 DD Dupont DE Nemours Inc. Sold out 0.00% −0.76 ALK Alaska Air Group Inc. Sold out 0.00% −0.67 PCT Purecycle Technologies Inc. Reduce -14.3% 11.47% −0.65 NTR Nutrien Ltd. Sold out 0.00% −0.56 HRL Hormel Foods Corp. Reduce -59.3% 0.35% −0.50 DRIO Dariohealth Corp. Reduce 0.0% 0.26% −0.10
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ GLNG Golar LNG Ltd. Add +215.0% 12.80% +9.35 SPR Spirit Aerosystems Hold Class A Add +129.0% 8.87% +5.26 ESI Element Solutions Inc. Add +139.5% 7.50% +4.23 AMCR Amcor PLC New 3.91% +3.91 GEO The Geo Group Inc. New 3.23% +3.23 CC The Chemours Co. Add +50.7% 9.84% +2.16 FTAI Ftai Aviation Ltd. New 2.13% +2.13 PCAR Paccar Inc. New 1.91% +1.91 FMC FMC Corp. New 1.61% +1.61 KBR KBR Inc. New 1.61% +1.61 CACI Caci International Inc. Class A New 1.15% +1.15 LW Lamb Weston Holdings Inc. New 1.03% +1.03 SGML Sigma Lithium Corp. Add +15.2% 12.16% +0.78 CMP Compass Minerals Internation New 0.60% +0.60 UBER Uber Technologies Inc. New 0.55% +0.55 AVNT Avient Corp. New 0.46% +0.46 KEX Kirby Corp. New 0.41% +0.41 FDX FedEx Corp. New 0.37% +0.37 AA Alcoa Corp. Add +92.6% 0.59% +0.28 WULF Terawulf Inc. New 0.25% +0.25 IREN Iren Ltd. New 0.20% +0.20 SEE Sealed Air Corp. Add +6.2% 11.79% +0.14 GGB Gerdau SA -Spon ADR New 0.09% +0.09
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ CC The Chemours Co. call New 1,120,000 $18.9M CE Celanese Corp. call New 150,000 $10.4M SEE Sealed Air Corp. call New 200,000 $6.8M GLNG Golar LNG Ltd. call New 120,000 $5.1M ESI Element Solutions Inc. call New 167,400 $4.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 0 $0 Q1 2026 0 $0 Q4 2025 0 $0 Q3 2025 28 $460.0M GLNG, PCT, KEX, DAR, SEE Q2 2025 23 $398.3M PCT, GLNG, FTAI, CC, AMCR Q1 2025 26 $422.2M GLNG, SGML, PCT, FTAI, SEE Q4 2024 30 $434.9M GLNG, SGML, SEE, PCT, CC Q3 2024 29 $444.7M PCT, SEE, SGML, DY, CC Q2 2024 38 $389.3M SEE, SPR, PSN, SGML, DY Q1 2024 29 $305.0M SEE, SGML, DY, NTR, WLK