Concentric Capital Strategies, LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Concentric Capital Strategies, LP reported 282 stock positions worth $2.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.3% of the portfolio, followed by Microsoft (MSFT, 1.7%) and Packaging Corp. of America (PKG, 1.5%). Compared with Q2 2025, it opened 157 new positions, sold out of 117, added to 65 and reduced 60. The biggest buy was a new position in Steel Dynamics (STLD) and the biggest sale Oracle (ORCL, shares −94%).

Most Recent 13F
Q2 2026
Location
Stamford, CT
CIK
0001851869
Portfolio Value
$2.1B (Q3 2025)
SEC Filing
0001851869-25-000011 ↗ filed Nov 14, 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 Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $2.1B $2.1B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 282 stocks · $2.1B
SPY SS SPDR S&P 500 ETF Trust-US 23.32% 732,854 $488.2M Add +10.7%
MSFT Microsoft Corp. 1.65% 66,732 $34.6M Add +22.2%
PKG Packaging Corp. of America 1.51% 144,700 $31.5M Add +9.5%
AAPL Apple Inc. 1.34% 110,075 $28.0M Add +577.5%
MSGS Madison Square Garden Sports 1.18% 109,237 $24.8M Add +13.7%
STLD Steel Dynamics Inc. 1.16% 174,630 $24.3M New
AMZN Amazon.com Inc. 1.15% 109,493 $24.0M Reduce -14.9%
LHX L3HARRIS Technologies Inc. 1.12% 76,599 $23.4M New
WCC Wesco International Inc. 1.09% 107,524 $22.7M Add +63.8%
COIN Coinbase Global Inc. Class A 1.08% 67,169 $22.7M Add +190.8%
NVDA Nvidia Corp. 0.93% 104,215 $19.4M Reduce -49.1%
META Meta Platforms Inc. Class A 0.91% 25,876 $19.0M Add +58.1%
MLM Martin Marietta Materials 0.91% 30,147 $19.0M Add +2399.8%
XLV SS Health Care Select Sector 0.91% 136,499 $19.0M Add +630.8%
MSM MSC Industrial Direct Co. Class A 0.90% 204,974 $18.9M Add +303.6%
SPOT Spotify Technology SA 0.89% 26,721 $18.7M Add +141.8%
SNX TD Synnex Corp. 0.86% 110,143 $18.0M New
JPM JPMorgan Chase & Co. 0.82% 54,201 $17.1M Add +474.6%
ECL Ecolab Inc. 0.80% 61,461 $16.8M Add +34.2%
RBLX Roblox Corp. Class A 0.79% 119,408 $16.5M New
PH Parker Hannifin Corp. 0.76% 20,938 $15.9M Reduce -3.5%
CRH CRH PLC 0.75% 131,212 $15.7M Add +166.3%
SEE Sealed Air Corp. 0.74% 440,690 $15.6M Add +944.5%
PCH Potlatchdeltic Corp. 0.70% 360,346 $14.7M New
CLH Clean Harbors Inc. 0.69% 62,363 $14.5M New
AMG Affiliated Managers Group 0.69% 60,172 $14.3M New
TTWO Take-Two Interactive Softwre 0.67% 54,492 $14.1M Add +184.9%
RDDT Reddit Inc. Class A 0.65% 58,868 $13.5M Reduce -3.5%
DBRG Digitalbridge Group Inc. 0.63% 1,134,825 $13.3M New
MAGS Roundhill Magnificent Seven 0.61% 196,695 $12.8M Add +8.8%
MOS The Mosaic Co. 0.60% 365,170 $12.7M Add +909.7%
HPE Hewlett Packard Enterprise 0.60% 515,465 $12.7M Add +898.8%
RTX RTX Corp. 0.60% 75,434 $12.6M Add +21.5%
FLEX Flex Ltd. 0.60% 216,091 $12.5M Reduce -8.7%
GLW Corning Inc. 0.59% 150,234 $12.3M Reduce -35.6%
CNM Core & Main Inc. Class A 0.59% 228,481 $12.3M Add +219.3%
GS Goldman Sachs Group Inc. 0.59% 15,442 $12.3M Add +19.2%
WDC Western Digital Corp. 0.58% 101,834 $12.2M New
BLK BlackRock Inc. 0.58% 10,354 $12.1M Add +19.0%
PTC PTC Inc. 0.58% 59,327 $12.0M New
SEI Solaris Energy Infrastructur 0.57% 299,968 $12.0M New
C Citigroup Inc. 0.56% 114,935 $11.7M Add +9.8%
PGR Progressive Corp. 0.53% 45,351 $11.2M Add +244.6%
TXT Textron Inc. 0.53% 131,425 $11.1M Add +17.3%
BX Blackstone Inc. 0.53% 64,818 $11.1M New
UBER Uber Technologies Inc. 0.52% 111,827 $11.0M Add +3.2%
BCC Boise Cascade Co. 0.52% 140,773 $10.9M New
VZ Verizon Communications Inc. 0.52% 246,763 $10.8M Add +4797.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.51% 123,298 $10.8M Add +596.7%
RYN Rayonier Inc. 0.51% 404,244 $10.7M New
BLDR Builders Firstsource Inc. 0.51% 88,085 $10.7M Reduce -12.7%
APH Amphenol Corp. Class A 0.51% 85,878 $10.6M Reduce -33.4%
IVES Dan Wedbush AI Rev ETF 0.50% 327,825 $10.5M Add +109.2%
MHK Mohawk Industries Inc. 0.50% 80,928 $10.4M New
ALL Allstate Corp. 0.48% 47,286 $10.1M New
CEG Constellation Energy 0.48% 30,500 $10.0M Add +735.4%
BWXT BWX Technologies Inc. 0.48% 54,229 $10.0M Add +1503.9%
PFE Pfizer Inc. 0.47% 387,698 $9.9M New
TLN Talen Energy Corp. 0.47% 23,222 $9.9M Reduce -33.0%
MRK Merck & Co. Inc. 0.47% 117,230 $9.8M Add +4284.1%
CSCO Cisco Systems Inc. 0.46% 141,530 $9.7M Reduce -39.2%
CCJ Cameco Corp. 0.46% 115,461 $9.7M Reduce -2.7%
GD General Dynamics Corp. 0.46% 28,297 $9.6M New
CSX CSX Corp. 0.46% 269,802 $9.6M Add +40.6%
TSLA Tesla Inc. 0.45% 21,417 $9.5M New
ROKU Roku Inc. 0.45% 94,777 $9.5M Reduce -9.5%
KEYS Keysight Technologies Inc. 0.45% 53,875 $9.4M Add +2.4%
SHOP Shopify Inc. Class A 0.45% 63,243 $9.4M New
SIMO Silicon Motion Technol-ADR 0.45% 98,895 $9.4M Add +33.1%
TDY Teledyne Technologies Inc. 0.45% 15,978 $9.4M New
ESI Element Solutions Inc. 0.45% 370,656 $9.3M Reduce -23.3%
FERG Ferguson Enterprises Inc. 0.45% 41,518 $9.3M Add +1.9%
GOOGL Alphabet Inc. Class A 0.44% 38,252 $9.3M Reduce -42.2%
MKSI MKS Inc. 0.44% 74,913 $9.3M Reduce -19.1%
MCD McDonald's Corp. 0.44% 30,484 $9.3M New
QRVO Qorvo Inc. 0.44% 101,334 $9.2M New
LITE Lumentum Holdings Inc. 0.44% 56,553 $9.2M New
OKTA Okta Inc. 0.44% 99,765 $9.1M New
SYY Sysco Corp. 0.44% 111,054 $9.1M New
GLXY Galaxy Digital Inc. Class A 0.44% 269,762 $9.1M Reduce -70.0%
HUBB Hubbell Inc. 0.44% 21,186 $9.1M Add +251.5%
ADSK Autodesk Inc. 0.43% 28,642 $9.1M Reduce -17.8%
SCHW Schwab (charles) Corp. 0.43% 94,754 $9.0M Reduce -8.8%
ANET Arista Networks Inc. 0.42% 60,484 $8.8M Reduce -35.1%
MOD Modine Manufacturing Co. 0.41% 61,054 $8.7M Reduce -34.1%
GWRE Guidewire Software Inc. 0.41% 36,949 $8.5M New
HEI Heico Corp. 0.40% 26,226 $8.5M New
QXO Qxo Inc. 0.39% 427,917 $8.2M Add +22.0%
NRG NRG Energy Inc. 0.38% 49,322 $8.0M Add +989.5%
EXP Eagle Materials Inc. 0.37% 33,668 $7.8M Add +850.3%
COST Costco Wholesale Corp. 0.37% 8,464 $7.8M New
GE General Electric filed as GE AEROSPACE 0.37% 25,738 $7.7M New
AMRZ Amrize Ltd. 0.36% 157,361 $7.6M New
AME Ametek Inc. 0.36% 40,500 $7.6M New
FLR Fluor Corp. 0.35% 174,616 $7.3M Reduce -0.7%
VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 0.33% 209,279 $6.9M Add +28.6%
KRMN Karman Holdings Inc. 0.33% 95,258 $6.9M New
MTZ Mastec Inc. 0.33% 32,024 $6.8M Reduce -54.5%
LFUS Littelfuse Inc. 0.32% 26,054 $6.7M New
NBIS Nebius Group NV 0.32% 59,878 $6.7M New

Show all 282 holdings

Options reported separately and not counted above: K puts ($45.3M), PCH calls ($23.5M), RYN calls ($16.2M), LYB puts ($15.4M), KVUE calls ($11.1M), FAST calls ($6.5M), LBTYA calls ($6.2M), HUN calls ($5.9M), EOSE calls ($3.8M), LYB calls ($3.2M), DBRG calls ($3.1M), SPY puts ($1.7M), and 2 more.

Portfolio Sells Q2 2025 → Q3 2025
ORCL Oracle Corp. Reduce -94.0% 0.07% −1.04
CDNS Cadence Design SYS Inc. Sold out 0.00% −1.02
NVDA Nvidia Corp. Reduce -49.1% 0.93% −0.90
DELL Dell Technologies -C Sold out 0.00% −0.87
JCI Johnson Controls Internation Sold out 0.00% −0.80
ETN Eaton Corp. PLC Sold out 0.00% −0.77
TEL Te Connectivity PLC Reduce -78.2% 0.24% −0.76
HII Huntington Ingalls Industrie Sold out 0.00% −0.75
FCX Freeport-McMoran Inc. Sold out 0.00% −0.72
INTC Intel Corp. Reduce -91.5% 0.08% −0.68
GLXY Galaxy Digital Inc. Class A Reduce -70.0% 0.44% −0.68
SLV iShares Silver Trust Sold out 0.00% −0.66
EMR Emerson Electric Co. Sold out 0.00% −0.66
SNOW Snowflake Inc. Reduce -97.3% 0.01% −0.60
CCK Crown Holdings Inc. Sold out 0.00% −0.59
RSG Republic Services Inc. Reduce -95.5% 0.02% −0.58
SNPS Synopsys Inc. Sold out 0.00% −0.57
WPM Wheaton Precious Metals Corp. Sold out 0.00% −0.54
MTSI Macom Technology Solutions H Reduce -80.5% 0.09% −0.53
CTVA Corteva Inc. Sold out 0.00% −0.53
COF Capital One Financial Corp. Sold out 0.00% −0.53
VST Vistra Corp. Sold out 0.00% −0.52
DIS The Walt Disney Co. Sold out 0.00% −0.51
ARMK Aramark Sold out 0.00% −0.51
CAT Caterpillar Inc. Sold out 0.00% −0.51
TWLO Twilio Inc. Class A Sold out 0.00% −0.50
INTU Intuit Inc. Sold out 0.00% −0.49
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.48
CHKP Check Point Software Tech Reduce -76.9% 0.11% −0.48
CART Maplebear Inc. Sold out 0.00% −0.48
AYI Acuity Inc. Sold out 0.00% −0.46
DHR Danaher Corp. Reduce -94.6% 0.02% −0.46
CSCO Cisco Systems Inc. Reduce -39.2% 0.46% −0.45
V Visa Inc. Class A Sold out 0.00% −0.45
AMZN Amazon.com Inc. Reduce -14.9% 1.15% −0.45
APO Apollo Global Management Inc. Reduce -84.3% 0.06% −0.44
ATI Ati Inc. Sold out 0.00% −0.44
BSY Bentley Systems Inc. Class B Sold out 0.00% −0.43
VRNS Varonis Systems Inc. Reduce -73.3% 0.15% −0.43
CCL Carnival Corp. Reduce -79.5% 0.09% −0.43
GEV GE Vernova Inc. Reduce -85.6% 0.07% −0.41
PNR Pentair PLC Reduce -76.5% 0.11% −0.39
FICO Fair Isaac Corp. Sold out 0.00% −0.39
B Barrick Mining Corp. Sold out 0.00% −0.39
MIR Mirion Technologies Inc. Reduce -72.2% 0.13% −0.37
DDOG Datadog Inc. Class A Sold out 0.00% −0.36
MTZ Mastec Inc. Reduce -54.5% 0.33% −0.35
DEFT Defi Technologies Inc. Sold out 0.00% −0.33
CE Celanese Corp. Sold out 0.00% −0.32
HWM Howmet Aerospace Inc. Sold out 0.00% −0.32

Portfolio Buys Q2 2025 → Q3 2025
STLD Steel Dynamics Inc. New 1.16% +1.16
AAPL Apple Inc. Add +577.5% 1.34% +1.15
LHX L3HARRIS Technologies Inc. New 1.12% +1.12
MLM Martin Marietta Materials Add +2399.8% 0.91% +0.87
SNX TD Synnex Corp. New 0.86% +0.86
RBLX Roblox Corp. Class A New 0.79% +0.79
XLV SS Health Care Select Sector Add +630.8% 0.91% +0.77
PCH Potlatchdeltic Corp. New 0.70% +0.70
CLH Clean Harbors Inc. New 0.69% +0.69
AMG Affiliated Managers Group New 0.69% +0.69
SEE Sealed Air Corp. Add +944.5% 0.74% +0.67
JPM JPMorgan Chase & Co. Add +474.6% 0.82% +0.66
MSM MSC Industrial Direct Co. Class A Add +303.6% 0.90% +0.66
DBRG Digitalbridge Group Inc. New 0.63% +0.63
COIN Coinbase Global Inc. Class A Add +190.8% 1.08% +0.63
WDC Western Digital Corp. New 0.58% +0.58
PTC PTC Inc. New 0.58% +0.58
SEI Solaris Energy Infrastructur New 0.57% +0.57
HPE Hewlett Packard Enterprise Add +898.8% 0.60% +0.55
MOS The Mosaic Co. Add +909.7% 0.60% +0.53
BX Blackstone Inc. New 0.53% +0.53
BCC Boise Cascade Co. New 0.52% +0.52
RYN Rayonier Inc. New 0.51% +0.51
VZ Verizon Communications Inc. Add +4797.1% 0.52% +0.51
MHK Mohawk Industries Inc. New 0.50% +0.50
CRH CRH PLC Add +166.3% 0.75% +0.50
ALL Allstate Corp. New 0.48% +0.48
PFE Pfizer Inc. New 0.47% +0.47
GD General Dynamics Corp. New 0.46% +0.46
MRK Merck & Co. Inc. Add +4284.1% 0.47% +0.46
TSLA Tesla Inc. New 0.45% +0.45
BWXT BWX Technologies Inc. Add +1503.9% 0.48% +0.45
SHOP Shopify Inc. Class A New 0.45% +0.45
TDY Teledyne Technologies Inc. New 0.45% +0.45
MCD McDonald's Corp. New 0.44% +0.44
QRVO Qorvo Inc. New 0.44% +0.44
LITE Lumentum Holdings Inc. New 0.44% +0.44
OKTA Okta Inc. New 0.44% +0.44
SYY Sysco Corp. New 0.44% +0.44
XLU St Sr Utl SL SE SPDR ETF-Usd Add +596.7% 0.51% +0.43
CEG Constellation Energy Add +735.4% 0.48% +0.41
SPOT Spotify Technology SA Add +141.8% 0.89% +0.41
TTWO Take-Two Interactive Softwre Add +184.9% 0.67% +0.41
GWRE Guidewire Software Inc. New 0.41% +0.41
HEI Heico Corp. New 0.40% +0.40
WCC Wesco International Inc. Add +63.8% 1.09% +0.40
COST Costco Wholesale Corp. New 0.37% +0.37
GE General Electric New 0.37% +0.37
AMRZ Amrize Ltd. New 0.36% +0.36
AME Ametek Inc. New 0.36% +0.36

Options Activity Q2 2025 → Q3 2025
SMH Vaneck Semiconductor ETF put Sold out 317,000 $88.4Mbefore exit
GLD SPDR Gold Shares call Sold out 200,400 $61.1Mbefore exit
K Kellanova put New 552,400 $45.3M
IGV iShares Expanded Tech-Softwa put Sold out 326,800 $35.8Mbefore exit
SLV iShares Silver Trust call Sold out 986,600 $32.4Mbefore exit
PCH Potlatchdeltic Corp. call New 577,800 $23.5M
XLE SS Energy Select Sector call Sold out 243,400 $20.6Mbefore exit
SJM The JM Smucker Co. call Sold out 182,200 $17.9Mbefore exit
DD Dupont DE Nemours Inc. put Sold out 259,900 $17.8Mbefore exit
RYN Rayonier Inc. call New 610,600 $16.2M
LYB Lyondellbasell Indu Class A put Add +131.3% 314,600 $15.4M
KVUE Kenvue Inc. call Add +165.2% 685,400 $11.1M
GDXJ Vaneck Junior Gold Miners call Sold out 120,900 $8.2Mbefore exit
KWEB Kranesh Csi China Internet call Sold out 215,200 $7.4Mbefore exit
CRWV Coreweave Inc. Class A put Sold out 41,900 $6.8Mbefore exit
INTC Intel Corp. call Sold out 302,800 $6.8Mbefore exit
FAST Fastenal Co. call New 132,700 $6.5M
LBTYA Liberty Global Ltd. Class A call New 543,800 $6.2M
HUN Huntsman Corp. call New 655,700 $5.9M
KHC The Kraft Heinz Co. put Sold out 200,400 $5.2Mbefore exit
F Ford Motor Co. put Sold out 461,200 $5.0Mbefore exit
EOSE Eos Energy Enterprises Inc. call New 332,400 $3.8M
LYB Lyondellbasell Indu Class A call New 65,600 $3.2M
DBRG Digitalbridge Group Inc. call New 262,800 $3.1M
ALB Albemarle Corp. call Sold out 33,000 $2.1Mbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -98.7% 2,500 $1.7M
IWM iShares Russell 2000 ETF put Reduce -95.4% 6,300 $1.5M
TAN Invesco Solar ETF put Sold out 16,100 $552Kbefore exit
ARKK ARK Innovation ETF put Reduce -36.1% 6,200 $535K
LVS Las Vegas Sands Corp. call Sold out 6,000 $261Kbefore exit
VNO Vornado Realty Trust call Sold out 6,000 $229Kbefore exit
MLCO Melco Resorts & Entert-ADR call Sold out 12,100 $87Kbefore 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 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