Decagon Asset Management LLP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Decagon Asset Management LLP reported 29 stock positions worth $381.4 million. Its top holding was Norfolk Southern (NSC) at 16.3% of the portfolio, followed by Penumbra (PEN, 14.4%) and Electronic Arts (EA, 7.1%). Compared with Q4 2025, it opened 20 new positions, sold out of 18, added to 8 and reduced 1. The biggest buy was a new position in Penumbra (PEN) and the biggest sale an exit from Exact Sciences (EXAS).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001950677
- Portfolio Value
- $381.4M (Q1 2026)
- SEC Filing
- 0001950677-26-000010 ↗ filed May 15, 2026
Holdings Value
Holdings 29 stocks · $381.4M
| NSC Norfolk Southern Corp. | 16.26% | 216,040 | $62.0M | Add +86.2% |
| PEN Penumbra Inc. | 14.43% | 167,588 | $55.0M | New |
| EA Electronic Arts Inc. | 7.14% | 133,559 | $27.2M | New |
| CWAN Clearwater Analytics HDS-A | 7.06% | 1,139,167 | $26.9M | New |
| HOLX Hologic Inc. | 5.45% | 275,000 | $20.8M | Reduce -44.8% |
| MCW Mister Car Wash Inc. | 5.34% | 2,924,720 | $20.4M | New |
| CLBR Colombier Acq III Class A | 3.93% | 1,488,233 | $15.0M | New |
| MBC Masterbrand Inc. | 3.37% | 1,546,997 | $12.9M | Add +102.8% |
| GTLS Chart Industries Inc. | 2.87% | 52,856 | $10.9M | New |
| OACC Oaktree Acquisition Corp. I-A | 2.78% | 1,002,427 | $10.6M | Add +48.4% |
| TRAD.U Apex Tech Acquisition Inc. | 2.66% | 1,011,984 | $10.1M | New |
| GLED.U Galaxyedge Acquisition Corp. | 2.60% | 990,000 | $9.9M | New |
| BHAVU Bhav Acquisition Corp. | 2.59% | 990,000 | $9.9M | New |
| NWAX New America Acquisition Class A | 2.33% | 885,957 | $8.9M | Add +20.8% |
| MEVO M Evo Global Acquisitio Class A filed as M EVO GBL ACQUISITION CORP I | 2.32% | 898,398 | $8.8M | New |
| FMACU Future Money Acquisition Cor | 2.21% | 844,320 | $8.4M | New |
| HLXC Helix Acquisition Corp. Class A | 2.13% | 798,891 | $8.1M | New |
| GIX GIGCAPITAL9 Corp. Class A | 1.95% | 758,375 | $7.5M | New |
| BCSS Bain Capital GSS Inv- A | 1.74% | 656,944 | $6.6M | Add +16.2% |
| PONOU Pono Capital Four Inc. | 1.73% | 661,496 | $6.6M | New |
| KBON Karbon Capital Partners Class A | 1.72% | 653,813 | $6.6M | Add +24.7% |
| KCHV Kochav Defense Acquisition-A | 1.61% | 598,654 | $6.1M | Add +24.5% |
| BEBE Tge Value Creative Solu Class A | 1.20% | 461,472 | $4.6M | Add +5.7% |
| XFLH XFLH Capital Corp. | 1.10% | 424,470 | $4.2M | New |
| MTAL.U Metals Acquisition Corp. II | 0.91% | 344,015 | $3.5M | New |
| NBRG Newbridge Acquisition Ltd. Class A | 0.91% | 350,000 | $3.5M | New |
| IACOU Idea Acquisition Corp. | 0.83% | 318,350 | $3.2M | New |
| PTOR Praetorian Acquisition Cor-A | 0.60% | 233,030 | $2.3M | New |
| RFAM RF Acquisition Corp. III | 0.26% | 100,811 | $987K | New |
Options reported separately and not counted above: EA puts ($979K), EA calls ($306K), CWAN puts ($17K).
Other holdings (45): bonds, preferreds, convertibles and warrants · $3.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 109,028 | $267K | Add +30.6% |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 944,992 | $260K | Reduce -20.0% |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 1,079,002 | $256K | Add +43.6% |
| NWAX.WS New America Acquisition I Co. | *W EXP 99/99/999 | 442,979 | $221K | Add +20.8% |
| CLBR.WS Colombier Acquisition - 31 | *W EXP 12/31/203 | 186,027 | $184K | New |
| GIXXR GIGCAPITAL9 Corp.-RTS | RIGHT 12/01/2030 | 758,375 | $167K | New |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 646,873 | $162K | Add +240.2% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 874,864 | $157K | Add +11.5% |
| MEVOW M Evo Global Acq -31 | *W EXP 02/18/203 | 449,194 | $153K | New |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | 369,005 | $148K | Add +75.6% |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 162,702 | $122K | Add +10.3% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 221,072 | $101K | Reduce -22.7% |
| IRAB.WS Iris Acq Corp. II -31 | *W EXP 08/15/203 | 285,707 | $88K | New |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 140,462 | $87K | Add +39.7% |
| KBONW Karbon Capital Partners Corp. | *W EXP 12/11/203 | 163,450 | $84K | Add +24.7% |
| BEBE.WS Tge Value Creative Solutions | *W EXP 09/16/203 | 267,995 | $78K | Add +22.8% |
| BIII.WS Black Spade Acquisition III | *W EXP 99/99/999 | 208,860 | $73K | New |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 225,358 | $72K | Add +40.3% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 350,000 | $66K | No change |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 175,268 | $60K | Add +1.7% |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 353,910 | $53K | No change |
| SAC.WS Safeguard Acquisition Corp. | *W EXP 99/99/999 | 130,764 | $52K | Add +24.7% |
| NBRGR Newbridge Acquisitio- Rights | RIGHT 09/25/2030 | 350,000 | $46K | New |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | 367,803 | $44K | New |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | 176,936 | $44K | New |
| XFLH CAPITAL CORP | RIGHT 12/31/2029 | 424,470 | $42K | New |
| DBCAW D. Boral Acquisition I Corp. | *W EXP 01/30/203 | 130,387 | $39K | New |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 203,834 | $39K | No change |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 116,572 | $35K | No change |
| PTORW Praetorian Acquisition Corp. | *W EXP 01/16/203 | 77,677 | $26K | New |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 100,000 | $25K | New |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 51,491 | $25K | New |
| CHPGR Championsgate Acquisition Co. | RIGHT 05/14/2030 | 172,103 | $24K | No change |
| SORNW Soren Acquisition Corp. | *W EXP 12/19/203 | 71,666 | $23K | New |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 183,091 | $23K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 102,635 | $23K | No change |
| YCY.WS Aa Mission Acquisition -31 | *W EXP 07/23/203 | 130,692 | $21K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 69,665 | $18K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 159,411 | $18K | Reduce -65.3% |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 35,075 | $13K | New |
| RFAMR RF Acquisition Corp. III | RIGHT 01/28/2031 | 100,811 | $10K | New |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 44,100 | $8K | Reduce -56.6% |
| ALISR Calisa Acquisition Corp. | RIGHT 09/11/2030 | 15,135 | $8K | New |
| CDTTW Murphy Canyon Acq-CW27 | *W EXP 09/22/202 | 400,000 | $3K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 13,179 | $2K | No change |
Total filed on the 13F, all lines: $384.9M.
Portfolio Sells Q4 2025 → Q1 2026
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −14.99 |
| HOLX Hologic Inc. | Reduce -44.8% | 5.45% | −10.31 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −7.79 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −7.43 |
| MCGA Yorkville Acquisition Corp. Class A | Sold out | 0.00% | −5.23 |
| MRLN Merlin Inc. | Sold out | 0.00% | −3.72 |
| CHAC Crane Harbor Acqu Corp. Class A | Sold out | 0.00% | −3.02 |
| MLAC Mountain Lake Acquisition-A | Sold out | 0.00% | −2.91 |
| PELI Pelican Acquisition Corp. | Sold out | 0.00% | −1.64 |
| IPCX Inflection Point Acquisiti-A | Sold out | 0.00% | −1.51 |
| NPAC New Providence Acquisition-A | Sold out | 0.00% | −1.18 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −1.07 |
| SAC.U Safeguard Acquisition Corp. | Sold out | 0.00% | −0.90 |
| AEXA American Exceptionalism Class A | Sold out | 0.00% | −0.08 |
| ALIS Calisa Acquisition Corp. | Sold out | 0.00% | −0.05 |
| APAC Stonebridge Acquisition Class A | Sold out | 0.00% | −0.02 |
| BDCI BTC Development Corp. Class A | Sold out | 0.00% | −0.01 |
| AIIA AI Infrastructure Ac-A | Sold out | 0.00% | −0.01 |
| HVMC Highview Merger Corp. Class A | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| PEN Penumbra Inc. | New | 14.43% | +14.43 |
| EA Electronic Arts Inc. | New | 7.14% | +7.14 |
| CWAN Clearwater Analytics HDS-A | New | 7.06% | +7.06 |
| MCW Mister Car Wash Inc. | New | 5.34% | +5.34 |
| CLBR Colombier Acq III Class A | New | 3.93% | +3.93 |
| GTLS Chart Industries Inc. | New | 2.87% | +2.87 |
| TRAD.U Apex Tech Acquisition Inc. | New | 2.66% | +2.66 |
| GLED.U Galaxyedge Acquisition Corp. | New | 2.60% | +2.60 |
| BHAVU Bhav Acquisition Corp. | New | 2.59% | +2.59 |
| MEVO M Evo Global Acquisitio Class A | New | 2.32% | +2.32 |
| FMACU Future Money Acquisition Cor | New | 2.21% | +2.21 |
| HLXC Helix Acquisition Corp. Class A | New | 2.13% | +2.13 |
| NSC Norfolk Southern Corp. | Add +86.2% | 16.26% | +2.03 |
| GIX GIGCAPITAL9 Corp. Class A | New | 1.95% | +1.95 |
| PONOU Pono Capital Four Inc. | New | 1.73% | +1.73 |
| XFLH XFLH Capital Corp. | New | 1.10% | +1.10 |
| MTAL.U Metals Acquisition Corp. II | New | 0.91% | +0.91 |
| NBRG Newbridge Acquisition Ltd. Class A | New | 0.91% | +0.91 |
| IACOU Idea Acquisition Corp. | New | 0.83% | +0.83 |
| PTOR Praetorian Acquisition Cor-A | New | 0.60% | +0.60 |
| RFAM RF Acquisition Corp. III | New | 0.26% | +0.26 |
| MBC Masterbrand Inc. | Add +102.8% | 3.37% | −0.21 |
| OACC Oaktree Acquisition Corp. I-A | Add +48.4% | 2.78% | −0.26 |
| KCHV Kochav Defense Acquisition-A | Add +24.5% | 1.61% | −0.46 |
| KBON Karbon Capital Partners Class A | Add +24.7% | 1.72% | −0.52 |
| BEBE Tge Value Creative Solu Class A | Add +5.7% | 1.20% | −0.65 |
| BCSS Bain Capital GSS Inv- A | Add +16.2% | 1.74% | −0.68 |
| NWAX New America Acquisition Class A | Add +20.8% | 2.33% | −0.92 |
Options Activity Q4 2025 → Q1 2026
| CDTX Cidara Therapeutics Inc. | call | Sold out | 100,000 | $22.1Mbefore exit |
| EA Electronic Arts Inc. | put | New | 4,800 | $979K |
| EA Electronic Arts Inc. | call | New | 1,500 | $306K |
| CTLP Cantaloupe Inc. | call | Sold out | 20,000 | $212Kbefore exit |
| CWAN Clearwater Analytics HDS-A | put | New | 700 | $17K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | Add +30.6% | 109,028 | $267K |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | Reduce -20.0% | 944,992 | $260K |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | Add +43.6% | 1,079,002 | $256K |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | Sold out | 282,875 | $226Kbefore exit |
| NWAX.WS New America Acquisition I Co. | *W EXP 99/99/999 | Add +20.8% | 442,979 | $221K |
| CLBR.WS Colombier Acquisition - 31 | *W EXP 12/31/203 | New | 186,027 | $184K |
| GIXXR GIGCAPITAL9 Corp.-RTS | RIGHT 12/01/2030 | New | 758,375 | $167K |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | Add +240.2% | 646,873 | $162K |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | Add +11.5% | 874,864 | $157K |
| MEVOW M Evo Global Acq -31 | *W EXP 02/18/203 | New | 449,194 | $153K |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | Sold out | 658,999 | $152Kbefore exit |
| EVOXW Evolution Global Acquisition | *W EXP 10/22/203 | Add +75.6% | 369,005 | $148K |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | Add +10.3% | 162,702 | $122K |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | Reduce -22.7% | 221,072 | $101K |
| IRAB.WS Iris Acq Corp. II -31 | *W EXP 08/15/203 | New | 285,707 | $88K |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | Add +39.7% | 140,462 | $87K |
| KBONW Karbon Capital Partners Corp. | *W EXP 12/11/203 | Add +24.7% | 163,450 | $84K |
| BEBE.WS Tge Value Creative Solutions | *W EXP 09/16/203 | Add +22.8% | 267,995 | $78K |
| BIII.WS Black Spade Acquisition III | *W EXP 99/99/999 | New | 208,860 | $73K |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | Add +40.3% | 225,358 | $72K |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | Add +1.7% | 175,268 | $60K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | Sold out | 121,916 | $59Kbefore exit |
| SAC.WS Safeguard Acquisition Corp. | *W EXP 99/99/999 | Add +24.7% | 130,764 | $52K |
| NBRGR Newbridge Acquisitio- Rights | RIGHT 09/25/2030 | New | 350,000 | $46K |
| APACR Stonebridge Acquisition II C | RIGHT 09/09/2030 | New | 367,803 | $44K |
| AI INFRASTRUCTURE ACQUISITIO | RIGHT 99/99/9999 | New | 176,936 | $44K |
| XFLH CAPITAL CORP | RIGHT 12/31/2029 | New | 424,470 | $42K |
| DBCAW D. Boral Acquisition I Corp. | *W EXP 01/30/203 | New | 130,387 | $39K |
| PTORW Praetorian Acquisition Corp. | *W EXP 01/16/203 | New | 77,677 | $26K |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | New | 100,000 | $25K |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | New | 51,491 | $25K |
| SORNW Soren Acquisition Corp. | *W EXP 12/19/203 | New | 71,666 | $23K |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | Reduce -65.3% | 159,411 | $18K |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | New | 35,075 | $13K |
| RFAMR RF Acquisition Corp. III | RIGHT 01/28/2031 | New | 100,811 | $10K |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | Reduce -56.6% | 44,100 | $8K |
| ALISR Calisa Acquisition Corp. | RIGHT 09/11/2030 | New | 15,135 | $8K |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | Sold out | 30,790 | $4Kbefore 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 | 38 | $493.1M | NSC, ROKU, PEN, SEM, TECH |
| Q1 2026 | 29 | $381.4M | NSC, PEN, EA, CWAN, HOLX |
| Q4 2025 | 27 | $235.4M | HOLX, EXAS, NSC, CYBR, RNAM |
| Q3 2025 | 22 | $186.2M | CYBR, GTLS, AL, MCGA, ELME |
| Q2 2025 | 21 | $126.0M | SKX, K, ARES ACQUISITION CORP II, BASE, KCHVU |
| Q1 2025 | 18 | $108.7M | HES, AZEK, COLOMBIER ACQUISITION CORP, SLB, RAC.U |
| Q4 2024Amended | 18 | $216.9M | ESGR, HES, SMAR, AGS, COLOMBIER ACQUISITION CORP |