Incline Global Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Incline Global Management LLC reported 22 stock positions worth $315.0 million. Its top holding was Wex (WEX) at 5.0% of the portfolio, followed by Starbucks (SBUX, 5.0%) and Match (MTCH, 4.9%). Compared with Q4 2023, it opened 3 new positions, sold out of 3, added to 5 and reduced 14. The biggest buy was a new position in Corpay (CPAY) and the biggest sale an exit from Madison Square Garden Entert (MSGE).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001567195
- Portfolio Value
- $315.0M (Q1 2024)
- SEC Filing
- 0001172661-24-002433 ↗ filed May 15, 2024
Holdings Value
Holdings 22 stocks · $315.0M
| WEX Wex Inc. | 5.02% | 66,590 | $15.8M | Reduce -29.2% |
| SBUX Starbucks Corp. | 4.97% | 171,145 | $15.6M | Reduce -10.8% |
| MTCH Match Group Inc. | 4.95% | 429,407 | $15.6M | Reduce -14.7% |
| STNE Stoneco Ltd. Class A | 4.94% | 936,295 | $15.6M | Reduce -5.4% |
| NKE Nike Inc. Class B | 4.85% | 162,557 | $15.3M | Reduce -0.8% |
| TRU Transunion | 4.82% | 190,220 | $15.2M | Reduce -4.1% |
| NWSA News Corp. Class A | 4.79% | 576,460 | $15.1M | Reduce -22.6% |
| PPLI People Inc. filed as IAC INC | 4.78% | 282,434 | $15.1M | Add +39.6% |
| EXPE Expedia Group Inc. | 4.77% | 109,187 | $15.0M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 4.75% | 82,974 | $15.0M | Add +74.7% |
| APO Apollo Global Management Inc. | 4.74% | 132,849 | $14.9M | Reduce -29.8% |
| ARES Ares Management Corp. Class A | 4.73% | 111,963 | $14.9M | Reduce -19.9% |
| CPAY Corpay Inc. | 4.72% | 48,211 | $14.9M | New |
| PYPL PayPal Holdings Inc. | 4.72% | 221,848 | $14.9M | Add +75.5% |
| UNH Unitedhealth Group Inc. | 4.72% | 30,026 | $14.9M | New |
| GOOG Alphabet Inc. Class C | 4.66% | 96,418 | $14.7M | Add +76.7% |
| PAGS Pagseguro Digital Ltd. Class A | 4.64% | 1,024,650 | $14.6M | Reduce -29.2% |
| SSNC Ss&c Technologies Holdings | 4.64% | 227,215 | $14.6M | Reduce -19.7% |
| MSGS Madison Square Garden Sports | 4.40% | 75,200 | $13.9M | Reduce -15.4% |
| YUM Yum! Brands Inc. | 3.44% | 78,062 | $10.8M | Reduce -37.7% |
| V Visa Inc. Class A | 3.20% | 36,151 | $10.1M | Add +56.0% |
| CART Maplebear Inc. | 2.75% | 232,263 | $8.7M | New |
Portfolio Sells Q4 2023 → Q1 2024
| MSGE Madison Square Garden Entert | Sold out | 0.00% | −5.07 |
| MAR Marriott International Class A | Sold out | 0.00% | −3.23 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −3.09 |
| YUM Yum! Brands Inc. | Reduce -37.7% | 3.44% | −1.72 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -29.2% | 4.64% | −1.05 |
| NWSA News Corp. Class A | Reduce -22.6% | 4.79% | −0.97 |
| MTCH Match Group Inc. | Reduce -14.7% | 4.95% | −0.85 |
| SBUX Starbucks Corp. | Reduce -10.8% | 4.97% | −0.84 |
| APO Apollo Global Management Inc. | Reduce -29.8% | 4.74% | −0.82 |
| SSNC Ss&c Technologies Holdings | Reduce -19.7% | 4.64% | −0.81 |
| NKE Nike Inc. Class B | Reduce -0.8% | 4.85% | −0.76 |
| WEX Wex Inc. | Reduce -29.2% | 5.02% | −0.74 |
| MSGS Madison Square Garden Sports | Reduce -15.4% | 4.40% | −0.69 |
| STNE Stoneco Ltd. Class A | Reduce -5.4% | 4.94% | −0.69 |
| EXPE Expedia Group Inc. | Reduce -2.6% | 4.77% | −0.59 |
| ARES Ares Management Corp. Class A | Reduce -19.9% | 4.73% | −0.51 |
| TRU Transunion | Reduce -4.1% | 4.82% | +0.52 |
Portfolio Buys Q4 2023 → Q1 2024
| CPAY Corpay Inc. | New | 4.72% | +4.72 |
| UNH Unitedhealth Group Inc. | New | 4.72% | +4.72 |
| CART Maplebear Inc. | New | 2.75% | +2.75 |
| AMZN Amazon.com Inc. | Add +74.7% | 4.75% | +2.48 |
| PYPL PayPal Holdings Inc. | Add +75.5% | 4.72% | +2.27 |
| GOOG Alphabet Inc. Class C | Add +76.7% | 4.66% | +2.24 |
| PPLI People Inc. | Add +39.6% | 4.78% | +1.44 |
| V Visa Inc. Class A | Add +56.0% | 3.20% | +1.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $356.6M | FTAI, LITE, COHR, WEX, AMZN |
| Q1 2026 | 24 | $254.6M | EFOR, CUK, TEL, NCLH, CBRE |
| Q4 2025 | 30 | $292.7M | EFOR, VRT, NCLH, GVA, PRIM |
| Q3 2025 | 27 | $337.3M | WEX, NCLH, EFOR, BRO, TRU |
| Q2 2025 | 25 | $254.3M | CORZ, HUT, MSGS, WEX, NCLH |
| Q1 2025 | 26 | $162.2M | PPLI, WEX, MSGS, FLR, CART |
| Q4 2024 | 24 | $131.9M | MSGE, STNE, WEX, PINS, NWSA |
| Q3 2024 | 26 | $225.1M | PINS, MTCH, STNE, WEX, LULU |
| Q2 2024 | 24 | $242.6M | WEX, PPLI, STNE, TRU, MTCH |
| Q1 2024 | 22 | $315.0M | WEX, SBUX, MTCH, STNE, NKE |