Cinctive Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Cinctive Capital Management LP reported 321 stock positions worth $1.9 billion. Its top holding was Constellation Energy (CEG) at 2.7% of the portfolio, followed by Antero Midstream (AM, 2.0%) and Williams Cos (WMB, 2.0%). Compared with Q3 2024, it opened 142 new positions, sold out of 161, added to 90 and reduced 87. The biggest buy was a new position in Williams Cos (WMB) and the biggest sale an exit from Stericycle (SRCL).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001787258
- Portfolio Value
- $1.9B (Q4 2024)
- SEC Filing
- 0001172661-25-000699 ↗ filed Feb 12, 2025
Holdings Value
Holdings 321 stocks · $1.9B
| CEG Constellation Energy | 2.71% | 224,829 | $50.3M | Add +205.2% |
| AM Antero Midstream Corp. | 2.02% | 2,488,840 | $37.6M | Add +15.7% |
| WMB Williams Cos Inc. | 1.98% | 680,125 | $36.8M | New |
| DFS Discover Financial Services | 1.95% | 208,265 | $36.1M | Add +149.3% |
| K Kellanova | 1.94% | 445,079 | $36.0M | Add +88.9% |
| DUK Duke Energy Corp. | 1.86% | 319,628 | $34.4M | Add +178.3% |
| VST Vistra Corp. | 1.79% | 241,239 | $33.3M | Reduce -36.1% |
| SUM Summit Materials Inc. Class A | 1.58% | 580,000 | $29.3M | New |
| PEG Public Service Enterprise GP | 1.47% | 322,329 | $27.2M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.33% | 86,731 | $24.6M | New |
| TPR Tapestry Inc. | 1.28% | 362,807 | $23.7M | Add +174.7% |
| LPLA LPL Financial Holdings Inc. | 1.21% | 68,701 | $22.4M | Add +109.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.18% | 498,544 | $21.9M | Add +45.7% |
| LZM Lifezone Metals Ltd. | 1.18% | 3,150,062 | $21.9M | Add +15.2% |
| OKE Oneok Inc. | 1.07% | 198,299 | $19.9M | New |
| FYBR Frontier Communications Pare | 1.07% | 570,000 | $19.8M | New |
| PAGP Plains GP Holdings LP | 1.03% | 1,043,206 | $19.2M | Add +5.1% |
| HCP Hashicorp Inc. Class A | 0.95% | 515,900 | $17.6M | Add +0.1% |
| WFC Wells Fargo & Co. | 0.92% | 243,909 | $17.1M | New |
| CAH Cardinal Health Inc. | 0.92% | 144,122 | $17.0M | Add +353.4% |
| KD Kyndryl Holdings Inc. | 0.88% | 473,786 | $16.4M | Reduce -46.1% |
| SRE Sempra | 0.87% | 183,086 | $16.1M | Reduce -3.8% |
| ISRG Intuitive Surgical Inc. | 0.82% | 29,276 | $15.3M | Add +30.9% |
| BKV BKV Corporation | 0.78% | 605,964 | $14.4M | Reduce -47.3% |
| PRMB Primo Brands Corp. | 0.74% | 446,057 | $13.7M | Reduce -37.6% |
| PODD Insulet Corp. | 0.73% | 52,130 | $13.6M | New |
| BE Bloom Energy Corp. Class A | 0.72% | 599,009 | $13.3M | Add +917.4% |
| DGX Quest Diagnostics Inc. | 0.71% | 87,256 | $13.2M | Add +216.4% |
| NET Cloudflare Inc. Class A | 0.71% | 121,891 | $13.1M | New |
| AMZN Amazon.com Inc. | 0.70% | 59,552 | $13.1M | New |
| MDB Mongodb Inc. | 0.70% | 55,620 | $12.9M | New |
| HUBS HubSpot Inc. | 0.70% | 18,568 | $12.9M | Reduce -46.0% |
| A Agilent Technologies Inc. | 0.70% | 96,302 | $12.9M | New |
| BMY Bristol-Myers Squibb Co. | 0.70% | 228,343 | $12.9M | Reduce -20.8% |
| DECK Deckers Outdoor Corp. | 0.66% | 60,651 | $12.3M | Reduce -0.9% |
| CNP Centerpoint Energy Inc. | 0.66% | 383,080 | $12.2M | Add +91.0% |
| MSFT Microsoft Corp. | 0.65% | 28,387 | $12.0M | New |
| APO Apollo Global Management Inc. | 0.64% | 72,103 | $11.9M | Add +739.0% |
| FDX FedEx Corp. | 0.64% | 42,110 | $11.8M | New |
| KKR KKR & Co. Inc. | 0.63% | 79,619 | $11.8M | Add +120.0% |
| UAL United Airlines Holdings Inc. | 0.61% | 116,449 | $11.3M | Reduce -47.6% |
| EW Edwards Lifesciences Corp. | 0.59% | 148,923 | $11.0M | Add +166.1% |
| CHDN Churchill Downs Inc. | 0.59% | 82,315 | $11.0M | Reduce -17.4% |
| WELL Welltower Inc. | 0.59% | 86,343 | $10.9M | New |
| FITB Fifth Third Bancorp | 0.58% | 256,186 | $10.8M | Add +191.7% |
| BA The Boeing Co. | 0.58% | 60,859 | $10.8M | Reduce -48.3% |
| BXP BXP Inc. | 0.57% | 142,717 | $10.6M | Add +65.8% |
| DT Dynatrace Inc. | 0.56% | 191,298 | $10.4M | Reduce -37.6% |
| DKS Dick's Sporting Goods Inc. | 0.56% | 45,247 | $10.4M | Add +142.4% |
| DAL Delta Air Lines Inc. | 0.54% | 166,379 | $10.1M | Add +38.6% |
| TER Teradyne Inc. | 0.54% | 79,809 | $10.0M | Add +1496.2% |
| ROST Ross Stores Inc. | 0.54% | 65,982 | $10.0M | Reduce -19.8% |
| INFA Informatica Inc. Class A | 0.53% | 382,519 | $9.9M | Add +190.7% |
| GILD Gilead Sciences Inc. | 0.53% | 105,722 | $9.8M | Reduce -43.0% |
| CG The Carlyle Group Inc. | 0.52% | 191,405 | $9.7M | Add +180.6% |
| IOT Samsara Inc. Class A | 0.52% | 220,126 | $9.6M | New |
| FUN Six Flags Entertainment Corp. | 0.51% | 197,020 | $9.5M | New |
| TDG Transdigm Group Inc. | 0.50% | 7,329 | $9.3M | New |
| DTE DTE Energy Company | 0.49% | 75,881 | $9.2M | New |
| AEM Agnico Eagle Mines Ltd. | 0.49% | 116,547 | $9.1M | New |
| FIVE Five Below | 0.49% | 86,480 | $9.1M | Add +41.4% |
| TRP TC Energy Corp. | 0.49% | 194,133 | $9.0M | Add +12.3% |
| GPC Genuine Parts Co. | 0.49% | 77,338 | $9.0M | New |
| GPI Group 1 Automotive Inc. | 0.48% | 21,321 | $9.0M | Add +181.3% |
| WYNN WYNN Resorts Ltd. | 0.48% | 103,298 | $8.9M | Add +2.2% |
| RGEN Repligen Corp. | 0.48% | 61,398 | $8.8M | Add +717.1% |
| EHC Encompass Health Corp. | 0.46% | 93,312 | $8.6M | Add +143.1% |
| HBAN Huntington Bancshares Inc. | 0.46% | 525,175 | $8.5M | New |
| DLTR Dollar Tree Inc. | 0.46% | 113,572 | $8.5M | Add +8.3% |
| BDX Becton Dickinson and Co. | 0.46% | 37,478 | $8.5M | New |
| SMAR Smartsheet Inc. Class A | 0.45% | 150,000 | $8.4M | Reduce -0.2% |
| BPMC Blueprint Medicines Corp. | 0.45% | 96,048 | $8.4M | Add +29.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 68,673 | $8.3M | Add +0.6% |
| AMED Amedisys Inc. | 0.44% | 89,822 | $8.2M | New |
| ESTC Elastic NV | 0.42% | 79,051 | $7.8M | Add +1876.3% |
| ICUI Icu Medical Inc. | 0.42% | 50,149 | $7.8M | Add +91.4% |
| AER Aercap Holdings NV | 0.42% | 81,121 | $7.8M | Add +33.7% |
| SHAK Shake Shack Inc. Class A | 0.41% | 59,208 | $7.7M | Add +62.5% |
| MS Morgan Stanley | 0.41% | 60,632 | $7.6M | New |
| CRBG Corebridge Financial Inc. | 0.41% | 251,264 | $7.5M | Reduce -34.5% |
| BECN Beacon Roofing Supply Inc. | 0.40% | 73,456 | $7.5M | Add +1.5% |
| SF Stifel Financial Corp. | 0.40% | 69,949 | $7.4M | Add +452.7% |
| BL Blackline Inc. | 0.39% | 119,838 | $7.3M | Add +14.8% |
| SBUX Starbucks Corp. | 0.39% | 79,616 | $7.3M | Add +45.5% |
| CC The Chemours Co. | 0.38% | 412,871 | $7.0M | Add +39.3% |
| HD Home Depot Inc. | 0.37% | 17,832 | $6.9M | Reduce -25.3% |
| DVA Davita Inc. | 0.37% | 46,357 | $6.9M | Reduce -24.7% |
| MCO Moody's Corp. | 0.37% | 14,448 | $6.8M | Add +350.5% |
| ORLY O'reilly Automotive Inc. | 0.37% | 5,737 | $6.8M | New |
| M Macy's Inc. | 0.37% | 400,528 | $6.8M | New |
| BBWI Bath & Body Works Inc. | 0.36% | 173,786 | $6.7M | Add +21.3% |
| TLN Talen Energy Corp. | 0.36% | 32,871 | $6.6M | Add +443.2% |
| CYBR Cyberark Software Ltd./Israel | 0.35% | 19,521 | $6.5M | New |
| CRM Salesforce Inc. | 0.35% | 19,421 | $6.5M | Add +146.8% |
| TPG TPG Inc. | 0.35% | 102,303 | $6.4M | Add +102.8% |
| STT State Street Corp. | 0.34% | 64,869 | $6.4M | Reduce -39.7% |
| EXAS Exact Sciences Corp. | 0.34% | 112,351 | $6.3M | Add +1220.2% |
| JLL Jones Lang Lasalle Inc. | 0.34% | 24,642 | $6.2M | Add +11.7% |
| CW Curtiss-Wright Corp. | 0.34% | 17,566 | $6.2M | New |
| INTC Intel Corp. | 0.33% | 309,549 | $6.2M | Reduce -54.2% |
Options reported separately and not counted above: KMI puts ($21.9M), AAPL puts ($18.8M), SPY puts ($16.7M), INTC calls ($9.0M), TLT puts ($8.7M), SGI calls ($8.5M), SAIC puts ($7.8M), M calls ($3.4M), CC calls ($3.4M), SNAP calls ($2.2M), FWRD calls ($1.6M), RNAM puts ($1.5M), and 5 more.
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 181,700 | $1.9M | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 550,000 | $405K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 71,024 | $14K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 11,747 | $12K | Reduce -62.4% |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q3 2024 → Q4 2024
| SRCL Stericycle Inc. | Sold out | 0.00% | −1.47 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.14 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.97 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.85 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.85 |
| NXT Nextpower Inc. | Reduce -87.2% | 0.11% | −0.84 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.84 |
| MPC Marathon Petroleum Corp. | Reduce -64.5% | 0.33% | −0.83 |
| S Sentinelone Inc. Class A | Reduce -69.2% | 0.30% | −0.81 |
| VST Vistra Corp. | Reduce -36.1% | 1.79% | −0.78 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.75 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.72 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.71 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.68 |
| GTLB Gitlab Inc. Class A | Reduce -90.4% | 0.07% | −0.63 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.63 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.62 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.59 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.59 |
| INTC Intel Corp. | Reduce -54.2% | 0.33% | −0.58 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.57 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.56 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.54 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.54 |
| GE General Electric | Sold out | 0.00% | −0.54 |
| CPRI Capri Holdings Ltd. | Reduce -41.5% | 0.20% | −0.53 |
| VZIO Vizio Holding Corp. Class A | Sold out | 0.00% | −0.51 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -62.7% | 0.32% | −0.50 |
| PWSC Powerschool Holdings Inc. Class A | Sold out | 0.00% | −0.50 |
| JEF Jefferies Financial Group Inc. | Reduce -68.3% | 0.30% | −0.49 |
| GM General Motors Co. | Sold out | 0.00% | −0.47 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.46 |
| TW Tradeweb Markets Inc. Class A | Reduce -91.8% | 0.04% | −0.45 |
| BA The Boeing Co. | Reduce -48.3% | 0.58% | −0.45 |
| DIOD Diodes Inc. | Sold out | 0.00% | −0.45 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.44 |
| BKV BKV Corporation | Reduce -47.3% | 0.78% | −0.43 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.43 |
| SPB Spectrum Brands Holdings Inc. | Sold out | 0.00% | −0.42 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.42 |
| BAX Baxter International Inc. | Reduce -86.2% | 0.05% | −0.41 |
| MRVL Marvell Technology Inc. | Reduce -94.4% | 0.04% | −0.41 |
| C Citigroup Inc. | Sold out | 0.00% | −0.41 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −0.40 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.39 |
| DT Dynatrace Inc. | Reduce -37.6% | 0.56% | −0.38 |
| GKOS Glaukos Corp. | Reduce -83.4% | 0.08% | −0.38 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.37 |
| STE Steris PLC | Sold out | 0.00% | −0.37 |
| GILD Gilead Sciences Inc. | Reduce -43.0% | 0.53% | −0.37 |
Portfolio Buys Q3 2024 → Q4 2024
| WMB Williams Cos Inc. | New | 1.98% | +1.98 |
| CEG Constellation Energy | Add +205.2% | 2.71% | +1.61 |
| SUM Summit Materials Inc. Class A | New | 1.58% | +1.58 |
| PEG Public Service Enterprise GP | New | 1.47% | +1.47 |
| AJG Arthur J Gallagher & Co. | New | 1.33% | +1.33 |
| DFS Discover Financial Services | Add +149.3% | 1.95% | +1.27 |
| DUK Duke Energy Corp. | Add +178.3% | 1.86% | +1.10 |
| OKE Oneok Inc. | New | 1.07% | +1.07 |
| FYBR Frontier Communications Pare | New | 1.07% | +1.07 |
| WFC Wells Fargo & Co. | New | 0.92% | +0.92 |
| TPR Tapestry Inc. | Add +174.7% | 1.28% | +0.92 |
| K Kellanova | Add +88.9% | 1.94% | +0.85 |
| LPLA LPL Financial Holdings Inc. | Add +109.1% | 1.21% | +0.77 |
| PODD Insulet Corp. | New | 0.73% | +0.73 |
| CAH Cardinal Health Inc. | Add +353.4% | 0.92% | +0.72 |
| NET Cloudflare Inc. Class A | New | 0.71% | +0.71 |
| AMZN Amazon.com Inc. | New | 0.70% | +0.70 |
| MDB Mongodb Inc. | New | 0.70% | +0.70 |
| A Agilent Technologies Inc. | New | 0.70% | +0.70 |
| BE Bloom Energy Corp. Class A | Add +917.4% | 0.72% | +0.68 |
| MSFT Microsoft Corp. | New | 0.65% | +0.65 |
| FDX FedEx Corp. | New | 0.64% | +0.64 |
| WELL Welltower Inc. | New | 0.59% | +0.59 |
| APO Apollo Global Management Inc. | Add +739.0% | 0.64% | +0.58 |
| IOT Samsara Inc. Class A | New | 0.52% | +0.52 |
| FUN Six Flags Entertainment Corp. | New | 0.51% | +0.51 |
| TER Teradyne Inc. | Add +1496.2% | 0.54% | +0.50 |
| TDG Transdigm Group Inc. | New | 0.50% | +0.50 |
| DTE DTE Energy Company | New | 0.49% | +0.49 |
| AEM Agnico Eagle Mines Ltd. | New | 0.49% | +0.49 |
| GPC Genuine Parts Co. | New | 0.49% | +0.49 |
| DGX Quest Diagnostics Inc. | Add +216.4% | 0.71% | +0.46 |
| HBAN Huntington Bancshares Inc. | New | 0.46% | +0.46 |
| BDX Becton Dickinson and Co. | New | 0.46% | +0.46 |
| AMED Amedisys Inc. | New | 0.44% | +0.44 |
| RGEN Repligen Corp. | Add +717.1% | 0.48% | +0.41 |
| MS Morgan Stanley | New | 0.41% | +0.41 |
| ESTC Elastic NV | Add +1876.3% | 0.42% | +0.40 |
| BAC Bank of America Corp. | Add +45.7% | 1.18% | +0.40 |
| EW Edwards Lifesciences Corp. | Add +166.1% | 0.59% | +0.38 |
| FITB Fifth Third Bancorp | Add +191.7% | 0.58% | +0.37 |
| ORLY O'reilly Automotive Inc. | New | 0.37% | +0.37 |
| M Macy's Inc. | New | 0.37% | +0.37 |
| KKR KKR & Co. Inc. | Add +120.0% | 0.63% | +0.36 |
| CG The Carlyle Group Inc. | Add +180.6% | 0.52% | +0.35 |
| CYBR Cyberark Software Ltd./Israel | New | 0.35% | +0.35 |
| INFA Informatica Inc. Class A | Add +190.7% | 0.53% | +0.34 |
| CW Curtiss-Wright Corp. | New | 0.34% | +0.34 |
| DKS Dick's Sporting Goods Inc. | Add +142.4% | 0.56% | +0.33 |
| SF Stifel Financial Corp. | Add +452.7% | 0.40% | +0.33 |
Options Activity Q3 2024 → Q4 2024
| KMI Kinder Morgan Inc. | put | New | 800,000 | $21.9M |
| GLD SPDR Gold Shares | call | Sold out | 80,000 | $19.4Mbefore exit |
| AAPL Apple Inc. | put | New | 75,000 | $18.8M |
| NOW ServiceNow Inc. | put | Sold out | 20,000 | $17.9Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 28,500 | $16.7M |
| AMAT Applied Materials Inc. | put | Sold out | 57,500 | $11.6Mbefore exit |
| INTC Intel Corp. | call | Add +800.0% | 450,000 | $9.0M |
| TLT iShares 20+ Year Treasury BD | put | New | 100,000 | $8.7M |
| SGI Somnigroup International Inc. | call | New | 150,000 | $8.5M |
| SAIC Science Applications Inte | put | New | 70,000 | $7.8M |
| GTLB Gitlab Inc. Class A | call | Sold out | 150,000 | $7.7Mbefore exit |
| TXT Textron Inc. | put | Sold out | 65,000 | $5.8Mbefore exit |
| UAL United Airlines Holdings Inc. | call | Sold out | 100,000 | $5.7Mbefore exit |
| BA The Boeing Co. | call | Sold out | 30,000 | $4.6Mbefore exit |
| AZO AutoZone Inc. | put | Sold out | 1,200 | $3.8Mbefore exit |
| M Macy's Inc. | call | New | 200,000 | $3.4M |
| CC The Chemours Co. | call | New | 200,000 | $3.4M |
| B Barrick Gold Corp. | call | Sold out | 150,000 | $3.0Mbefore exit |
| UTZ Utz Brands Inc. | put | Sold out | 150,000 | $2.7Mbefore exit |
| SNAP Snap Inc. Class A | call | New | 200,000 | $2.2M |
| RNAM Avidity Biosciences Inc. | put | New | 50,000 | $1.5M |
| HIMS Hims & Hers Health Inc. | put | New | 50,000 | $1.2M |
| SLV iShares Silver Trust | call | Reduce -76.5% | 40,000 | $1.1M |
| AMTM Amentum Holdings Inc. | call | New | 50,000 | $1.1M |
| CENX Century Aluminum Company | call | New | 50,000 | $911K |
| EWTX Edgewise Therapeutics Inc. | call | Sold out | 30,000 | $801Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | Sold out | 66,664 | $27Kbefore exit |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | Reduce -62.4% | 11,747 | $12K |
| JWSWF Jaws Mustang Acq C -CW26 | *W EXP 01/30/202 | Sold out | 22,895 | $529before exit |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | Sold out | 28,997 | $371before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 396 | $2.5B | VST, IWM, APGE, PKG, HD |
| Q1 2026 | 345 | $1.5B | VST, VLO, FPS, HD, LZM |
| Q4 2025 | 374 | $1.7B | VST, CVX, FYBR, EXAS, CYBR |
| Q3 2025 | 371 | $2.0B | VST, CYBR, ROST, K, FYBR |
| Q2 2025 | 336 | $1.8B | VST, FLR, CEG, K, BPMC |
| Q1 2025 | 285 | $1.3B | K, BECN, VST, KMI, CEG |
| Q4 2024 | 321 | $1.9B | CEG, AM, WMB, DFS, K |
| Q3 2024 | 340 | $1.7B | VST, AM, SRCL, BKV, KD |
| Q2 2024 | 349 | $1.9B | VST, AM, MPC, WFC, ARES |
| Q1 2024 | 357 | $1.9B | GE, AES, PI, NEE, VST |