Concentric Capital Strategies, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Concentric Capital Strategies, LP reported 151 stock positions worth $997.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 39.0% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 3.0%) and Invesco S&P 500 Equal Weight (RSP, 2.9%). Compared with Q4 2024, it opened 82 new positions, sold out of 164, added to 15 and reduced 54. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +24%) and the biggest sale Amazon.com (AMZN, shares −81%).

Most Recent 13F
Q2 2026
Location
Stamford, CT
CIK
0001851869
Portfolio Value
$997.5M (Q1 2025)
SEC Filing
0001851869-25-000005 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.6B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $997.5M $997.5M Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $2.1B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 151 stocks · $997.5M
SPY SS SPDR S&P 500 ETF Trust-US 39.01% 695,700 $389.2M Add +24.2%
QUAL iShares MSCI USA Quality Fac 3.00% 175,030 $29.9M New
RSP Invesco S&P 500 Equal Weight 2.86% 164,443 $28.5M New
MAGS Roundhill Magnificent Seven 2.47% 538,192 $24.7M New
FAST Fastenal Co. 2.06% 265,338 $20.6M New
DHR Danaher Corp. 2.03% 98,637 $20.2M Add +6986.0%
RSG Republic Services Inc. 2.02% 83,106 $20.1M New
WM Waste Management Inc. 1.96% 84,568 $19.6M Add +107.0%
CTVA Corteva Inc. 1.70% 268,849 $16.9M New
MLM Martin Marietta Materials 1.66% 34,712 $16.6M Add +492.1%
LIN Linde PLC 1.52% 32,476 $15.1M Add +64.6%
PH Parker Hannifin Corp. 1.39% 22,735 $13.8M Reduce -6.8%
DOV Dover Corp. 1.26% 71,488 $12.6M New
DD Dupont DE Nemours Inc. 1.13% 151,226 $11.3M Add +28.9%
GE General Electric filed as GE AEROSPACE 1.05% 52,192 $10.4M Reduce -8.6%
BECN Beacon Roofing Supply Inc. 1.03% 83,451 $10.3M Reduce -61.8%
SSNC Ss&c Technologies Holdings 0.98% 117,590 $9.8M New
V Visa Inc. Class A 0.87% 24,644 $8.6M Add +48.4%
MA Mastercard Inc. Class A 0.83% 15,038 $8.2M Add +57.2%
NFLX Netflix Inc. 0.81% 8,619 $8.0M Reduce -29.9%
CSCO Cisco Systems Inc. 0.79% 126,949 $7.8M New
RTX RTX Corp. 0.78% 58,363 $7.7M Reduce -69.0%
HD Home Depot Inc. 0.75% 20,424 $7.5M Reduce -27.2%
TLT iShares 20+ Year Treasury BD 0.68% 74,389 $6.8M New
JCI Johnson Controls Internation 0.66% 82,386 $6.6M New
SCHW Schwab (charles) Corp. 0.66% 84,065 $6.6M New
MSGS Madison Square Garden Sports 0.62% 31,819 $6.2M Reduce -67.3%
APH Amphenol Corp. Class A 0.62% 94,350 $6.2M Add +113.5%
XLE SS Energy Select Sector 0.62% 66,050 $6.2M Reduce -25.7%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.58% 74,413 $5.8M New
QQQ Invesco QQQ Trust Series 1 0.57% 12,199 $5.7M New
GLW Corning Inc. 0.55% 119,983 $5.5M Reduce -25.4%
BRK.B Berkshire Hathaway Inc. Class B 0.55% 10,257 $5.5M Add +469.5%
CTAS Cintas Corp. 0.53% 25,578 $5.3M New
XLP SS Consumer Staples Sel Sect 0.53% 64,215 $5.2M New
EWC iShares MSCI Canada ETF 0.53% 128,675 $5.2M New
AMZN Amazon.com Inc. 0.52% 27,476 $5.2M Reduce -80.9%
XLV SS Health Care Select Sector 0.49% 33,649 $4.9M Add +315.9%
ADI Analog Devices Inc. 0.45% 22,304 $4.5M Reduce -54.9%
HON Honeywell International Inc. 0.44% 20,751 $4.4M New
UBER Uber Technologies Inc. 0.43% 58,910 $4.3M Reduce -87.9%
CHKP Check Point Software Tech 0.43% 18,618 $4.2M Reduce -63.5%
BSX Boston Scientific Corp. 0.41% 40,448 $4.1M New
SPOT Spotify Technology SA 0.40% 7,224 $4.0M Reduce -70.3%
ECL Ecolab Inc. 0.39% 15,492 $3.9M Reduce -66.3%
JBL Jabil Inc. 0.38% 27,842 $3.8M New
KVUE Kenvue Inc. 0.37% 155,390 $3.7M New
ALL Allstate Corp. 0.37% 17,781 $3.7M Reduce -54.0%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.36% 31,723 $3.6M New
LRCX Lam Research Corp. 0.36% 48,771 $3.5M Reduce -73.6%
JHX James Hardie Ord 0.34% 145,133 $3.4M New
C Citigroup Inc. 0.34% 47,385 $3.4M New
KDP Keurig Dr Pepper Inc. 0.33% 96,139 $3.3M New
JPM JPMorgan Chase & Co. 0.33% 13,337 $3.3M Reduce -67.3%
CNM Core & Main Inc. Class A 0.32% 66,960 $3.2M New
MSM MSC Industrial Direct Co. Class A 0.32% 40,643 $3.2M Add +116.5%
AZEK The Azek Co. Inc. 0.31% 62,669 $3.1M Reduce -58.8%
TXRH Texas Roadhouse Inc. 0.30% 17,890 $3.0M New
NTNX Nutanix Inc. Class A 0.30% 42,338 $3.0M Add +5.5%
XLF SS Financial Select Sector 0.29% 57,421 $2.9M Reduce -10.7%
HXL Hexcel Corp. 0.28% 50,599 $2.8M New
CARR Carrier Global Corp. 0.27% 41,945 $2.7M New
NVDA Nvidia Corp. 0.26% 24,320 $2.6M Reduce -87.5%
HUN Huntsman Corp. 0.26% 164,534 $2.6M Reduce -40.1%
SNX TD Synnex Corp. 0.25% 24,001 $2.5M Reduce -80.0%
META Meta Platforms Inc. Class A 0.25% 4,314 $2.5M Reduce -83.6%
ETN Eaton Corp. PLC 0.25% 9,014 $2.5M New
ITRI Itron Inc. 0.23% 21,567 $2.3M Reduce -78.0%
STX Seagate Technology Holdings 0.22% 25,931 $2.2M New
PAYX Paychex Inc. 0.22% 14,107 $2.2M New
DLTR Dollar Tree Inc. 0.22% 28,864 $2.2M New
SARK Tradr 1X Short Innov DLY-Usd 0.21% 39,779 $2.1M New
AVGO Broadcom Inc. 0.21% 12,300 $2.1M Reduce -77.5%
FMC FMC Corp. 0.20% 47,735 $2.0M Reduce -9.2%
BLDR Builders Firstsource Inc. 0.20% 16,093 $2.0M Add +15.6%
KMX Carmax Inc. 0.20% 25,538 $2.0M New
CRM Salesforce Inc. 0.19% 7,144 $1.9M Reduce -70.8%
AZO AutoZone Inc. 0.19% 495 $1.9M New
ORLY O'reilly Automotive Inc. 0.19% 1,302 $1.9M New
KLAC KLA Corp. 0.19% 2,730 $1.9M New
HUBS HubSpot Inc. 0.18% 3,197 $1.8M Reduce -78.8%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.18% 31,824 $1.8M Add +78.4%
RS Reliance Inc. 0.18% 6,110 $1.8M New
CHWY Chewy Inc. Class A 0.17% 51,145 $1.7M New
KEYS Keysight Technologies Inc. 0.16% 10,737 $1.6M Reduce -85.8%
WAB Wabtec Corp. 0.16% 8,729 $1.6M New
WMT Walmart Inc. 0.16% 17,767 $1.6M Reduce -85.2%
CRH CRH PLC 0.16% 17,637 $1.6M Reduce -55.5%
ROP Roper Technologies Inc. 0.15% 2,532 $1.5M New
EQH Equitable Holdings Inc. 0.15% 28,407 $1.5M Reduce -27.5%
PGR Progressive Corp. 0.15% 5,186 $1.5M Reduce -90.7%
FIX Comfort Systems USA Inc. 0.15% 4,521 $1.5M New
ROL Rollins Inc. 0.14% 26,399 $1.4M New
MAA Mid-America Apartment Comm 0.14% 8,352 $1.4M New
CPRT Copart Inc. 0.14% 24,727 $1.4M New
DT Dynatrace Inc. 0.14% 29,594 $1.4M Reduce -53.1%
MSI Motorola Solutions Inc. 0.14% 3,136 $1.4M New
FERG Ferguson Enterprises Inc. 0.14% 8,502 $1.4M New
RYN Rayonier Inc. 0.13% 47,735 $1.3M New
YUM Yum! Brands Inc. 0.13% 8,449 $1.3M Reduce -90.0%

Show all 151 holdings

Options reported separately and not counted above: ASHR calls ($39.5M), LYB puts ($11.6M), GDX calls ($9.6M), MRVL calls ($6.5M), ALB calls ($2.4M).

Portfolio Sells Q4 2024 → Q1 2025
AMZN Amazon.com Inc. Reduce -80.9% 0.52% −1.46
UBER Uber Technologies Inc. Reduce -87.9% 0.43% −1.43
NVDA Nvidia Corp. Reduce -87.5% 0.26% −1.39
PCG P G & E Corp. Sold out 0.00% −1.15
LHX L3HARRIS Technologies Inc. Sold out 0.00% −1.00
FFIV F5 Inc. Sold out 0.00% −0.97
ANET Arista Networks Inc. Sold out 0.00% −0.96
FTAI Ftai Aviation Ltd. Reduce -97.5% 0.03% −0.94
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.94
GOOGL Alphabet Inc. Class A Reduce -90.5% 0.12% −0.86
MRVL Marvell Technology Inc. Sold out 0.00% −0.85
MOD Modine Manufacturing Co. Sold out 0.00% −0.81
MTSI Macom Technology Solutions H Sold out 0.00% −0.79
MSGS Madison Square Garden Sports Reduce -67.3% 0.62% −0.77
TYL Tyler Technologies Inc. Sold out 0.00% −0.72
META Meta Platforms Inc. Class A Reduce -83.6% 0.25% −0.72
MSFT Microsoft Corp. Sold out 0.00% −0.71
INFA Informatica Inc. Class A Sold out 0.00% −0.69
PGR Progressive Corp. Reduce -90.7% 0.15% −0.69
HOOD Robinhood Markets Inc. Class A Reduce -91.9% 0.11% −0.68
CMI Cummins Inc. Sold out 0.00% −0.68
TSLA Tesla Inc. Sold out 0.00% −0.68
PKG Packaging Corp. of America Sold out 0.00% −0.67
SNX TD Synnex Corp. Reduce -80.0% 0.25% −0.64
TDY Teledyne Technologies Inc. Sold out 0.00% −0.62
KEYS Keysight Technologies Inc. Reduce -85.8% 0.16% −0.61
RTX RTX Corp. Reduce -69.0% 0.78% −0.60
WH Wyndham Hotels & Resorts Inc. Sold out 0.00% −0.59
AVGO Broadcom Inc. Reduce -77.5% 0.21% −0.59
YUM Yum! Brands Inc. Reduce -90.0% 0.13% −0.58
OKTA Okta Inc. Sold out 0.00% −0.58
IRM Iron Mountain Inc. Sold out 0.00% −0.57
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.57
MTZ Mastec Inc. Sold out 0.00% −0.56
VZ Verizon Communications Inc. Sold out 0.00% −0.56
MKSI MKS Inc. Sold out 0.00% −0.56
DELL Dell Technologies -C Sold out 0.00% −0.56
FLEX Flex Ltd. Sold out 0.00% −0.55
GPGI Gpgi Inc. Sold out 0.00% −0.54
TEAM Atlassian Corp. Class A Sold out 0.00% −0.53
WMT Walmart Inc. Reduce -85.2% 0.16% −0.53
PCAR Paccar Inc. Sold out 0.00% −0.52
POOL Pool Corp. Sold out 0.00% −0.52
ILMN Illumina Inc. Sold out 0.00% −0.52
LRCX Lam Research Corp. Reduce -73.6% 0.36% −0.49
HUBS HubSpot Inc. Reduce -78.8% 0.18% −0.48
WTW Willis Towers Watson PLC Reduce -90.3% 0.09% −0.47
HZO Marinemax Inc. Sold out 0.00% −0.45
ITRI Itron Inc. Reduce -78.0% 0.23% −0.45
HES Hess Corp. Sold out 0.00% −0.44

Portfolio Buys Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +24.2% 39.01% +18.31
QUAL iShares MSCI USA Quality Fac New 3.00% +3.00
RSP Invesco S&P 500 Equal Weight New 2.86% +2.86
MAGS Roundhill Magnificent Seven New 2.47% +2.47
FAST Fastenal Co. New 2.06% +2.06
RSG Republic Services Inc. New 2.02% +2.02
DHR Danaher Corp. Add +6986.0% 2.03% +2.01
CTVA Corteva Inc. New 1.70% +1.70
MLM Martin Marietta Materials Add +492.1% 1.66% +1.47
WM Waste Management Inc. Add +107.0% 1.96% +1.44
DOV Dover Corp. New 1.26% +1.26
LIN Linde PLC Add +64.6% 1.52% +0.99
SSNC Ss&c Technologies Holdings New 0.98% +0.98
CSCO Cisco Systems Inc. New 0.79% +0.79
TLT iShares 20+ Year Treasury BD New 0.68% +0.68
JCI Johnson Controls Internation New 0.66% +0.66
SCHW Schwab (charles) Corp. New 0.66% +0.66
CF CF Industries Holdings Inc. New 0.58% +0.58
QQQ Invesco QQQ Trust Series 1 New 0.57% +0.57
DD Dupont DE Nemours Inc. Add +28.9% 1.13% +0.57
V Visa Inc. Class A Add +48.4% 0.87% +0.53
CTAS Cintas Corp. New 0.53% +0.53
XLP SS Consumer Staples Sel Sect New 0.53% +0.53
EWC iShares MSCI Canada ETF New 0.53% +0.53
MA Mastercard Inc. Class A Add +57.2% 0.83% +0.51
BRK.B Berkshire Hathaway Inc. Class B Add +469.5% 0.55% +0.50
HON Honeywell International Inc. New 0.44% +0.44
APH Amphenol Corp. Class A Add +113.5% 0.62% +0.43
XLV SS Health Care Select Sector Add +315.9% 0.49% +0.42
BSX Boston Scientific Corp. New 0.41% +0.41
JBL Jabil Inc. New 0.38% +0.38
KVUE Kenvue Inc. New 0.37% +0.37
BJ Bj's Wholesale Club Holdings New 0.36% +0.36
JHX James Hardie Ord New 0.34% +0.34
C Citigroup Inc. New 0.34% +0.34
KDP Keurig Dr Pepper Inc. New 0.33% +0.33
CNM Core & Main Inc. Class A New 0.32% +0.32
TXRH Texas Roadhouse Inc. New 0.30% +0.30
HXL Hexcel Corp. New 0.28% +0.28
CARR Carrier Global Corp. New 0.27% +0.27
ETN Eaton Corp. PLC New 0.25% +0.25
MSM MSC Industrial Direct Co. Class A Add +116.5% 0.32% +0.23
STX Seagate Technology Holdings New 0.22% +0.22
PAYX Paychex Inc. New 0.22% +0.22
DLTR Dollar Tree Inc. New 0.22% +0.22
SARK Tradr 1X Short Innov DLY-Usd New 0.21% +0.21
KMX Carmax Inc. New 0.20% +0.20
AZO AutoZone Inc. New 0.19% +0.19
ORLY O'reilly Automotive Inc. New 0.19% +0.19
KLAC KLA Corp. New 0.19% +0.19

Options Activity Q4 2024 → Q1 2025
IWM iShares Russell 2000 ETF call Sold out 918,700 $203.0Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 125,000 $73.3Mbefore exit
SMH Vaneck Semiconductor ETF call Sold out 286,400 $69.4Mbefore exit
QQQ Invesco QQQ Trust Series 1 put Sold out 110,000 $56.2Mbefore exit
ASHR Xtrackers Harvest Csi 300 CH call Reduce -7.2% 1,486,600 $39.5M
MSGS Madison Square Garden Sports call Sold out 128,900 $29.1Mbefore exit
GFL GFL Environmental Inc.-Sub VT call Sold out 640,900 $28.5Mbefore exit
UBER Uber Technologies Inc. call Sold out 365,100 $22.0Mbefore exit
KWEB Kranesh Csi China Internet call Sold out 490,100 $14.3Mbefore exit
LYB Lyondellbasell Indu Class A put New 164,200 $11.6M
GDX Vaneck Gold Miners ETF call New 209,800 $9.6M
MRVL Marvell Technology Inc. call Reduce -72.4% 105,100 $6.5M
ESI Element Solutions Inc. call Sold out 245,400 $6.2Mbefore exit
ALB Albemarle Corp. call New 33,000 $2.4M
BEKE Ke Holdings Inc.-ADR call Sold out 124,300 $2.3Mbefore exit

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

Notes & Other Activity Q4 2024 → Q1 2025
CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 Sold out 76,223 $354Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 304$1.6BSPY, VXX, NVDA, XLV, AMZN
Q1 2026 306$1.1BSPY, AAPL, NVDA, GOOGL, MSGS
Q4 2025 242$1.9BSPY, MSFT, AMZN, BCC, MSGS
Q3 2025 282$2.1BSPY, MSFT, PKG, AAPL, MSGS
Q2 2025 242$1.8BSPY, NVDA, AMZN, MSFT, PKG
Q1 2025 151$997.5MSPY, QUAL, RSP, MAGS, FAST
Q4 2024 233$1.6BSPY, AMZN, UBER, NVDA, BECN
Q3 2024 230$1.6BSPY, AAPL, NVDA, MSFT, GOOGL
Q2 2024 262$1.6BSPY, AAPL, AMZN, AVGO, META
Q1 2024 252$1.6BSPY, ECL, LIN, LPX, PH