Incline Global Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Incline Global Management LLC reported 24 stock positions worth $254.6 million. Its top holding was Everforth (EFOR) at 6.7% of the portfolio, followed by Carnival PLC-ADR (CUK, 6.5%) and Te Connectivity (TEL, 6.2%). Compared with Q4 2025, it opened 6 new positions, sold out of 12, added to 12 and reduced 6. The biggest buy was a new position in Blue Owl Capital (OBDC) and the biggest sale an exit from Vertiv Class A (VRT).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001567195
- Portfolio Value
- $254.6M (Q1 2026)
- SEC Filing
- 0001172661-26-002077 ↗ filed May 15, 2026
Holdings Value
Holdings 24 stocks · $254.6M
| EFOR Everforth Inc. filed as ASGN INC | 6.68% | 439,688 | $17.0M | Add +35.0% |
| CUK Carnival PLC-ADR | 6.53% | 642,331 | $16.6M | Add +55.3% |
| TEL Te Connectivity PLC | 6.22% | 75,761 | $15.8M | Add +30.6% |
| NCLH Norwegian Cruise Line Holdin | 6.16% | 838,978 | $15.7M | Add +23.6% |
| CBRE CBRE Group Inc. Class A | 6.15% | 115,610 | $15.7M | Add +94.0% |
| JLL Jones Lang Lasalle Inc. | 5.95% | 49,755 | $15.1M | Add +148.3% |
| MORN Morningstar Inc. | 5.87% | 88,354 | $14.9M | Add +1307.4% |
| MSFT Microsoft Corp. | 5.86% | 40,333 | $14.9M | Add +126.4% |
| META Meta Platforms Inc. Class A | 5.83% | 25,931 | $14.8M | Add +1493.8% |
| OBDC Blue Owl Capital Corp. | 5.70% | 1,589,266 | $14.5M | New |
| ARES Ares Management Corp. Class A | 5.66% | 132,123 | $14.4M | New |
| COHR Coherent Corp. | 5.44% | 58,125 | $13.8M | Reduce -13.3% |
| CRDO Credo Technology Group Holdi | 5.34% | 144,731 | $13.6M | New |
| AMZN Amazon.com Inc. | 5.25% | 64,131 | $13.4M | Add +10.9% |
| HHH Howard Hughes Holdings Inc. | 4.59% | 184,930 | $11.7M | New |
| APH Amphenol Corp. Class A | 2.64% | 53,185 | $6.7M | Add +12.1% |
| ARM Arm Holdings PLC-ADR | 2.58% | 43,422 | $6.6M | New |
| BX Blackstone Inc. | 2.44% | 54,122 | $6.2M | New |
| PLAY Dave & Buster's Entertainmen | 1.73% | 405,860 | $4.4M | Add +430.2% |
| WEX Wex Inc. | 0.94% | 15,663 | $2.4M | Reduce -82.9% |
| STNE Stoneco Ltd. Class A | 0.73% | 131,476 | $1.9M | Reduce -83.0% |
| ZD Ziff Davis Inc. | 0.67% | 40,482 | $1.7M | Reduce -89.9% |
| PAGS Pagseguro Digital Ltd. Class A | 0.66% | 167,669 | $1.7M | Reduce -82.7% |
| GVA Granite Construction Inc. | 0.40% | 8,424 | $1.0M | Reduce -93.5% |
Portfolio Sells Q4 2025 → Q1 2026
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −5.31 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −4.97 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −4.88 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −4.78 |
| GVA Granite Construction Inc. | Reduce -93.5% | 0.40% | −4.70 |
| FLR Fluor Corp. | Sold out | 0.00% | −4.30 |
| ZD Ziff Davis Inc. | Reduce -89.9% | 0.67% | −4.16 |
| WEX Wex Inc. | Reduce -82.9% | 0.94% | −3.71 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −3.70 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −3.64 |
| STNE Stoneco Ltd. Class A | Reduce -83.0% | 0.73% | −3.18 |
| CPAY Corpay Inc. | Sold out | 0.00% | −2.76 |
| V Visa Inc. Class A | Sold out | 0.00% | −2.74 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -82.7% | 0.66% | −2.54 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.46 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.38 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.28 |
| COHR Coherent Corp. | Reduce -13.3% | 5.44% | +1.21 |
Portfolio Buys Q4 2025 → Q1 2026
| OBDC Blue Owl Capital Corp. | New | 5.70% | +5.70 |
| ARES Ares Management Corp. Class A | New | 5.66% | +5.66 |
| META Meta Platforms Inc. Class A | Add +1493.8% | 5.83% | +5.46 |
| MORN Morningstar Inc. | Add +1307.4% | 5.87% | +5.40 |
| CRDO Credo Technology Group Holdi | New | 5.34% | +5.34 |
| HHH Howard Hughes Holdings Inc. | New | 4.59% | +4.59 |
| JLL Jones Lang Lasalle Inc. | Add +148.3% | 5.95% | +3.64 |
| MSFT Microsoft Corp. | Add +126.4% | 5.86% | +2.92 |
| CBRE CBRE Group Inc. Class A | Add +94.0% | 6.15% | +2.88 |
| ARM Arm Holdings PLC-ADR | New | 2.58% | +2.58 |
| BX Blackstone Inc. | New | 2.44% | +2.44 |
| CUK Carnival PLC-ADR | Add +55.3% | 6.53% | +2.21 |
| TEL Te Connectivity PLC | Add +30.6% | 6.22% | +1.71 |
| EFOR Everforth Inc. | Add +35.0% | 6.68% | +1.32 |
| PLAY Dave & Buster's Entertainmen | Add +430.2% | 1.73% | +1.30 |
| NCLH Norwegian Cruise Line Holdin | Add +23.6% | 6.16% | +0.98 |
| AMZN Amazon.com Inc. | Add +10.9% | 5.25% | +0.69 |
| APH Amphenol Corp. Class A | Add +12.1% | 2.64% | +0.45 |
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 |