Long Focus Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Long Focus Capital Management, LLC reported 87 stock positions worth $865.7 million. Its top holding was Ftai Aviation (FTAI) at 7.1% of the portfolio, followed by Antero Resources (AR, 6.3%) and Energy Transfer (ET, 6.1%). Compared with Q4 2023, it opened 2 new positions, sold out of 12, added to 28 and reduced 18. The biggest buy was Comcast Class A (CMCSA, shares +129%) and the biggest sale Apollo Global Management (APO, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001602716
- Portfolio Value
- $865.7M (Q1 2024)
- SEC Filing
- 0001019056-24-000172 ↗ filed May 14, 2024
Holdings Value
Holdings 87 stocks · $865.7M
| FTAI Ftai Aviation Ltd. | 7.09% | 911,478 | $61.3M | Reduce -10.4% |
| AR Antero Resources Corp. | 6.30% | 1,881,637 | $54.6M | Add +4.2% |
| ET Energy Transfer LP | 6.07% | 3,342,400 | $52.6M | Add +1.4% |
| BABA Alibaba Group Holding-SP ADR | 5.88% | 703,000 | $50.9M | Add +13.2% |
| CMCSA Comcast Corp. Class A | 3.66% | 731,500 | $31.7M | Add +129.2% |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 3.47% | 3,414,725 | $30.0M | No change |
| HLF Herbalife Ltd. | 3.34% | 2,879,013 | $28.9M | Add +190.3% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 2.67% | 1,430,000 | $23.1M | Add +18.7% |
| AGO Assured Guaranty Ltd. | 2.42% | 240,000 | $20.9M | Reduce -17.2% |
| IOVA Iovance Biotherapeutics Inc. | 2.40% | 1,400,312 | $20.8M | Reduce -34.4% |
| LBTYK Liberty Global Ltd. Class C | 2.10% | 1,032,000 | $18.2M | Add +7.6% |
| ECHO Echostar Corp. Class A | 2.10% | 1,275,302 | $18.2M | Add +25.9% |
| ONIT Onity Group Inc. filed as OCWEN FINL CORP | 2.03% | 652,088 | $17.6M | No change |
| BTU Peabody Energy Corp. | 2.00% | 715,058 | $17.3M | No change |
| JD Jd.com Inc.-ADR | 1.98% | 627,000 | $17.2M | Add +187.6% |
| ADAPY Adaptimmune Therapeutics-ADR | 1.95% | 10,684,233 | $16.9M | Reduce -11.6% |
| AZUL S A | 1.94% | 2,159,000 | $16.8M | Add +46.9% |
| PCT Purecycle Technologies Inc. | 1.67% | 2,328,781 | $14.5M | Add +17.3% |
| CPRI Capri Holdings Ltd. | 1.65% | 315,388 | $14.3M | No change |
| OMF Onemain Holdings Inc. | 1.62% | 275,000 | $14.0M | Reduce -6.8% |
| HYZON MOTORS INC | 1.62% | 19,016,544 | $14.0M | Add +50.3% |
| LBRDA Liberty Broadband-A | 1.51% | 228,600 | $13.1M | Add +53.4% |
| LILAK Liberty Latin Americ Class C | 1.50% | 1,853,600 | $13.0M | Add +17.6% |
| TLYS Tilly's Inc. Class A SHRS | 1.44% | 1,831,931 | $12.5M | No change |
| CLLS Cellectis - ADR | 1.37% | 4,487,293 | $11.9M | No change |
| INSM Insmed Inc. | 1.35% | 431,649 | $11.7M | Add +16.1% |
| NXST Nexstar Media Group Inc. | 1.29% | 65,000 | $11.2M | No change |
| CZR Caesars Entertainment Inc. | 1.27% | 250,700 | $11.0M | Add +28.2% |
| BCS Barclays PLC-Spons ADR | 1.16% | 1,060,000 | $10.0M | No change |
| COOP Mr Cooper Group Inc. | 1.13% | 125,000 | $9.7M | Reduce -28.6% |
| FIP Ftai Infrastructure Inc. | 1.12% | 1,542,659 | $9.7M | Reduce -41.5% |
| MRO Marathon Oil Corp. | 1.10% | 337,000 | $9.6M | Add +208.4% |
| FSLR First Solar Inc. | 1.07% | 55,000 | $9.3M | Add +37.5% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.03% | 100,300 | $8.9M | Add +4.3% |
| AM Antero Midstream Corp. | 0.99% | 610,000 | $8.6M | No change |
| APO Apollo Global Management Inc. | 0.99% | 76,000 | $8.5M | Reduce -47.6% |
| CLVT Clarivate PLC | 0.99% | 1,150,000 | $8.5M | Add +7.0% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.97% | 162,707 | $8.4M | Reduce -19.6% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.96% | 137,200 | $8.3M | No change |
| AKRO Akero Therapeutics Inc. | 0.96% | 328,604 | $8.3M | Reduce -35.6% |
| TKO Tko Group Holdings Inc. | 0.80% | 80,000 | $6.9M | Add +700.0% |
| PAGS Pagseguro Digital Ltd. Class A | 0.76% | 460,000 | $6.6M | Reduce -41.8% |
| CEPU Central Puerto-Sponsored ADR | 0.75% | 712,696 | $6.5M | Reduce -2.7% |
| FLEX Flex Ltd. | 0.73% | 220,000 | $6.3M | Reduce -26.7% |
| PINS Pinterest Inc. Class A | 0.70% | 174,000 | $6.0M | Reduce -10.8% |
| C Citigroup Inc. | 0.69% | 94,640 | $6.0M | No change |
| WFC Wells Fargo & Co. | 0.69% | 103,000 | $6.0M | Reduce -20.1% |
| QMCO Quantum Corp. | 0.63% | 9,160,819 | $5.5M | No change |
| CTRN Citi Trends Inc. | 0.63% | 200,673 | $5.4M | Reduce -19.9% |
| WBD Warner Bros Discovery Inc. | 0.54% | 538,000 | $4.7M | Add +7.6% |
| JILL J. Jill Inc. | 0.48% | 131,320 | $4.2M | Add +52.1% |
| LAD Lithia Motors Inc. | 0.48% | 13,900 | $4.2M | No change |
| TE T1 Energy Inc. filed as FREYR BATTERY INC | 0.48% | 2,448,550 | $4.1M | Add +8.9% |
| OPRT Oportun Financial Corp. | 0.46% | 1,641,580 | $4.0M | Add +24.8% |
| AURA Aura Biosciences Inc. | 0.45% | 495,422 | $3.9M | Add +45.5% |
| SUPV Grupo Supervielle SA-SP ADR | 0.43% | 645,689 | $3.7M | Reduce -27.9% |
| PYPL PayPal Holdings Inc. | 0.41% | 53,300 | $3.6M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 93,000 | $3.5M | No change |
| BIOX Bioceres Crop Solutions Corp. | 0.34% | 233,900 | $3.0M | No change |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.26% | 165,982 | $2.2M | No change |
| MTG Mgic Investment Corp. | 0.25% | 95,000 | $2.1M | No change |
| AKR Acadia Realty Trust | 0.21% | 108,000 | $1.8M | No change |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.19% | 150,000 | $1.7M | No change |
| SGHT Sight Sciences Inc. | 0.18% | 300,000 | $1.6M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.17% | 217,600 | $1.5M | Add +3.6% |
| DXLG Destination XL Group Inc. | 0.15% | 368,042 | $1.3M | Add +27.8% |
| NXTC Nextcure Inc. | 0.14% | 556,105 | $1.2M | No change |
| GLNG Golar LNG Ltd. | 0.14% | 50,000 | $1.2M | No change |
| VLRS Controladora Vuela Cia-ADR | 0.14% | 160,000 | $1.2M | No change |
| ACHV Achieve Life Sciences Inc. | 0.13% | 248,099 | $1.1M | No change |
| LVS Las Vegas Sands Corp. | 0.12% | 20,000 | $1.0M | No change |
| GOOGL Alphabet Inc. Class A | 0.10% | 5,980 | $903K | No change |
| XPL Solitario Resources Corp. | 0.10% | 1,409,700 | $846K | No change |
| FINANCE OF AMERICA COMPAN | 0.09% | 1,104,348 | $812K | No change |
| LUMN Lumen Technologies Inc. | 0.09% | 500,000 | $780K | No change |
| SGMOQ Sangamo Therapeutics Inc. | 0.09% | 1,098,000 | $736K | Reduce -20.0% |
| GPRO Gopro Inc. Class A | 0.07% | 280,700 | $626K | No change |
| ANIX Anixa Biosciences Inc. | 0.06% | 165,701 | $517K | No change |
| AMPS Altus Power Inc. | 0.06% | 104,081 | $498K | No change |
| PAR Par Technology Corp. | 0.05% | 10,357 | $470K | No change |
| TELL Tellurian Inc. | 0.04% | 500,750 | $331K | No change |
| LCTX Lineage Cell Therapeutics Inc. | 0.04% | 215,000 | $318K | No change |
| IRIX Iridex Corp. | 0.03% | 100,000 | $298K | No change |
| TUSK Mammoth Energy Services Inc. | 0.02% | 57,681 | $210K | No change |
| MBI Mbia Inc. | 0.02% | 30,000 | $203K | No change |
| OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC | 0.02% | 10,000 | $156K | No change |
| ONCY Oncolytics Biotech Inc. | 0.00% | 40,000 | $42K | No change |
Options reported separately and not counted above: BABA calls ($405.2M), C calls ($211.3M), ET calls ($102.6M), BUD calls ($80.2M), CMCSA calls ($77.2M), BAC calls ($60.7M), B calls ($56.6M), INTC calls ($38.2M), PFE calls ($31.9M), BCS calls ($24.3M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $48K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HYZON MOTORS INC | *W EXP 10/02/202 | 600,700 | $48K | No change |
Total filed on the 13F, all lines: $865.8M.
Portfolio Sells Q4 2023 → Q1 2024
| APO Apollo Global Management Inc. | Reduce -47.6% | 0.99% | −0.76 |
| RH RH | Sold out | 0.00% | −0.75 |
| AKRO Akero Therapeutics Inc. | Reduce -35.6% | 0.96% | −0.58 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -41.8% | 0.76% | −0.51 |
| FLEX Flex Ltd. | Reduce -26.7% | 0.73% | −0.45 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.44 |
| TBCH Turtle Beach Corp. | Sold out | 0.00% | −0.43 |
| AGO Assured Guaranty Ltd. | Reduce -17.2% | 2.42% | −0.38 |
| CUROQ Curo Oldco LLC | Sold out | 0.00% | −0.35 |
| COOP Mr Cooper Group Inc. | Reduce -28.6% | 1.13% | −0.35 |
| CTRN Citi Trends Inc. | Reduce -19.9% | 0.63% | −0.29 |
| OMF Onemain Holdings Inc. | Reduce -6.8% | 1.62% | −0.25 |
| PINS Pinterest Inc. Class A | Reduce -10.8% | 0.70% | −0.24 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.21 |
| FIP Ftai Infrastructure Inc. | Reduce -41.5% | 1.12% | −0.21 |
| VINCERX PHARMA INC | Sold out | 0.00% | −0.17 |
| PLCE The Children's Place Inc. | Sold out | 0.00% | −0.14 |
| AL Sumisho Air Lease Corp. | Reduce -19.6% | 0.97% | −0.13 |
| WFC Wells Fargo & Co. | Reduce -20.1% | 0.69% | −0.13 |
| CEPU Central Puerto-Sponsored ADR | Reduce -2.7% | 0.75% | −0.11 |
| SFST Southern First Bancshares | Sold out | 0.00% | −0.08 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −0.08 |
| DBI Designer Brands Inc. Class A | Sold out | 0.00% | −0.06 |
| SUPV Grupo Supervielle SA-SP ADR | Reduce -27.9% | 0.43% | −0.04 |
| FOSL Fossil Group Inc. | Sold out | 0.00% | −0.02 |
| SGMOQ Sangamo Therapeutics Inc. | Reduce -20.0% | 0.09% | −0.01 |
| BOXL Boxlight Corp. Class A | Sold out | 0.00% | −0.00 |
| IOVA Iovance Biotherapeutics Inc. | Reduce -34.4% | 2.40% | +0.15 |
| ADAPY Adaptimmune Therapeutics-ADR | Reduce -11.6% | 1.95% | +0.71 |
| FTAI Ftai Aviation Ltd. | Reduce -10.4% | 7.09% | +0.99 |
Portfolio Buys Q4 2023 → Q1 2024
| CMCSA Comcast Corp. Class A | Add +129.2% | 3.66% | +1.85 |
| HLF Herbalife Ltd. | Add +190.3% | 3.34% | +1.39 |
| JD Jd.com Inc.-ADR | Add +187.6% | 1.98% | +1.17 |
| AR Antero Resources Corp. | Add +4.2% | 6.30% | +1.01 |
| MRO Marathon Oil Corp. | Add +208.4% | 1.10% | +0.76 |
| TKO Tko Group Holdings Inc. | Add +700.0% | 0.80% | +0.69 |
| PCT Purecycle Technologies Inc. | Add +17.3% | 1.67% | +0.63 |
| CALY Callaway Golf Company | Add +18.7% | 2.67% | +0.44 |
| PYPL PayPal Holdings Inc. | New | 0.41% | +0.41 |
| JILL J. Jill Inc. | Add +52.1% | 0.48% | +0.20 |
| ET Energy Transfer LP | Add +1.4% | 6.07% | +0.20 |
| SGHT Sight Sciences Inc. | New | 0.18% | +0.18 |
| FSLR First Solar Inc. | Add +37.5% | 1.07% | +0.18 |
| HYZON MOTORS INC | Add +50.3% | 1.62% | +0.16 |
| AZUL S A | Add +46.9% | 1.94% | +0.10 |
| CZR Caesars Entertainment Inc. | Add +28.2% | 1.27% | +0.08 |
| EXE Expand Energy Corp. | Add +4.3% | 1.03% | +0.07 |
| AURA Aura Biosciences Inc. | Add +45.5% | 0.45% | +0.06 |
| LILAK Liberty Latin Americ Class C | Add +17.6% | 1.50% | +0.00 |
| DXLG Destination XL Group Inc. | Add +27.8% | 0.15% | −0.01 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +3.6% | 0.17% | −0.02 |
| LBRDA Liberty Broadband-A | Add +53.4% | 1.51% | −0.04 |
| ECHO Echostar Corp. Class A | Add +25.9% | 2.10% | −0.06 |
| TE T1 Energy Inc. | Add +8.9% | 0.48% | −0.07 |
| INSM Insmed Inc. | Add +16.1% | 1.35% | −0.14 |
| WBD Warner Bros Discovery Inc. | Add +7.6% | 0.54% | −0.19 |
| OPRT Oportun Financial Corp. | Add +24.8% | 0.46% | −0.20 |
| LBTYK Liberty Global Ltd. Class C | Add +7.6% | 2.10% | −0.21 |
| CLVT Clarivate PLC | Add +7.0% | 0.99% | −0.30 |
| BABA Alibaba Group Holding-SP ADR | Add +13.2% | 5.88% | −0.34 |
Options Activity Q4 2023 → Q1 2024
| BABA Alibaba Group Holding-SP ADR | call | Reduce -1.0% | 5,599,900 | $405.2M |
| C Citigroup Inc. | call | Reduce -78.9% | 3,340,600 | $211.3M |
| ET Energy Transfer LP | call | Reduce -58.6% | 6,522,800 | $102.6M |
| BUD Anheuser-Busch Inbev-SPN ADR | call | Reduce -47.2% | 1,320,000 | $80.2M |
| CMCSA Comcast Corp. Class A | call | Reduce -14.8% | 1,779,900 | $77.2M |
| BAC Bank of America Corp. | call | Reduce -58.4% | 1,600,000 | $60.7M |
| B Barrick Gold Corp. | call | Reduce -45.4% | 3,400,000 | $56.6M |
| HLF Herbalife Ltd. | call | Sold out | 2,980,000 | $45.5Mbefore exit |
| INTC Intel Corp. | call | Reduce -77.6% | 869,300 | $38.2M |
| PFE Pfizer Inc. | call | New | 1,150,000 | $31.9M |
| BCS Barclays PLC-Spons ADR | call | Add +54.0% | 2,571,500 | $24.3M |
| WBD Warner Bros Discovery Inc. | call | Sold out | 870,600 | $9.9Mbefore exit |
| GOOG Alphabet Inc. Class C | call | Sold out | 30,000 | $4.2Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 76 | $2.4B | CHTR, AMZN, MOH, CNC, CMCSA |
| Q1 2026 | 84 | $2.2B | AMZN, CHTR, MOH, FTAI, CZR |
| Q4 2025 | 77 | $2.0B | FTAI, PYPL, CHTR, CNC, MOH |
| Q3 2025 | 79 | $1.8B | FTAI, CHTR, CNC, PYPL, CVS |
| Q2 2025 | 81 | $1.5B | FTAI, PYPL, CMCSA, ET, CVS |
| Q1 2025 | 86 | $1.5B | FTAI, PYPL, CMCSA, CVS, ET |
| Q4 2024 | 87 | $1.3B | CMCSA, FTAI, PYPL, ET, BABA |
| Q3 2024Amended | 88 | $1.1B | FTAI, BABA, PYPL, ET, CMCSA |
| Q2 2024 | 89 | $966.8M | FTAI, ET, AR, INSM, BABA |
| Q1 2024 | 87 | $865.7M | FTAI, AR, ET, BABA, CMCSA |