Longboard Asset Management, LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Longboard Asset Management, LP reported 71 stock positions worth $15.7 million. Its top holding was Loews (L) at 1.8% of the portfolio, followed by Hartford Insurance (HIG, 1.8%) and Atmos Energy (ATO, 1.8%). Compared with Q3 2025, it opened 8 new positions, sold out of 199 and reduced 1. The biggest buy was a new position in Black Hills (BKH) and the biggest sale an exit from Bank of New York Mellon (BNY).

Most Recent 13F
Q2 2026
Location
PHOENIX, AZ
CIK
0002045792
Portfolio Value
$15.7M (Q4 2025)
SEC Filing
0002045792-26-000001 ↗ filed Jan 16, 2026

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q4 2024: $37.8M Q4 2024 Q1 2025: $34.1M Q1 2025 Q2 2025: $40.2M Q2 2025 Q3 2025: $61.9M Q3 2025 Q4 2025: $15.7M $15.7M Q4 2025 Q1 2026: $5.8M Q1 2026 Q2 2026: $6.0M Q2 2026

Holdings 71 stocks · $15.7M
L Loews Corp. 1.83% 2,733 $288K No change
HIG Hartford Insurance Group Inc. 1.82% 2,073 $286K No change
ATO Atmos Energy Corp. 1.79% 1,678 $281K No change
NSC Norfolk Southern Corp. 1.79% 973 $281K No change
LHX L3HARRIS Technologies Inc. 1.75% 939 $276K No change
GD General Dynamics Corp. 1.71% 799 $269K No change
NDAQ Nasdaq Inc. 1.70% 2,753 $267K No change
WTW Willis Towers Watson PLC 1.63% 782 $257K No change
AFL Aflac Inc. 1.61% 2,302 $254K No change
PPL PPL Corp. 1.61% 7,247 $254K No change
SSNC Ss&c Technologies Holdings 1.59% 2,869 $251K No change
OGS One Gas Inc. 1.58% 3,222 $249K No change
CB Chubb Ltd. 1.58% 794 $248K No change
IDA Idacorp Inc. 1.57% 1,949 $247K No change
DUK Duke Energy Corp. 1.57% 2,101 $246K No change
EVRG Evergy Inc. 1.57% 3,396 $246K No change
SWX Southwest Gas Holdings Inc. 1.56% 3,071 $246K No change
VTR Ventas Inc. 1.56% 3,165 $245K No change
NTB Bank of N.T. Butterfield&son 1.50% 4,742 $236K No change
NOC Northrop Grumman Corp. 1.49% 412 $235K No change
OHI Omega Healthcare Investors 1.49% 5,293 $235K No change
ROL Rollins Inc. 1.48% 3,885 $233K No change
ACT Enact Holdings Inc. 1.48% 5,877 $233K No change
AGNC AGNC Investment Corp. 1.48% 21,708 $233K No change
GATX Gatx Corp. 1.48% 1,369 $232K No change
ECL Ecolab Inc. 1.47% 882 $232K No change
WEC WEC Energy Group Inc. 1.46% 2,177 $230K No change
MTG Mgic Investment Corp. 1.46% 7,856 $230K No change
LNT Alliant Energy Corp. 1.46% 3,522 $229K No change
CBRE CBRE Group Inc. Class A 1.45% 1,415 $228K No change
SO The Southern Co. 1.43% 2,573 $224K No change
FE Firstenergy Corp. 1.42% 4,979 $223K No change
BKH Black Hills Corp. 1.39% 3,140 $218K New
SCHW Schwab (charles) Corp. 1.38% 2,167 $217K No change
BPOP Popular Inc. 1.37% 1,727 $215K No change
DTE DTE Energy Company 1.37% 1,666 $215K No change
AEP American Electric Power 1.37% 1,862 $215K No change
AEE Ameren Corporation 1.36% 2,147 $214K No change
DX Dynex Capital Inc. 1.36% 15,285 $214K New
IVT Inventrust Properties Corp. 1.36% 7,572 $214K No change
MDT Medtronic PLC 1.36% 2,220 $213K No change
BATRA Atlanta Braves Holdings in-A 1.35% 5,012 $213K No change
SPG Simon Property Group Inc. 1.35% 1,149 $213K No change
CBL CBL & Associates Properties 1.35% 5,742 $212K New
ARI Apollo Commercial Real Estat 1.35% 21,927 $212K No change
AVA Avista Corp. 1.35% 5,506 $212K No change
XEL Xcel Energy Inc. 1.35% 2,872 $212K No change
VMC Vulcan Materials Co. 1.35% 743 $212K No change
PNW Pinnacle West Capital 1.35% 2,387 $212K No change
CNP Centerpoint Energy Inc. 1.34% 5,516 $211K No change
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.34% 5,171 $211K New
OGE Oge Energy Corp. 1.33% 4,913 $210K No change
SR Spire Inc. 1.33% 2,532 $209K No change
ESNT Essent Group Ltd. 1.33% 3,210 $209K No change
NTST Netstreit Corp. 1.33% 11,827 $209K No change
CMS CMS Energy Corp. 1.33% 2,982 $209K No change
TFC Truist Financial Corp. 1.31% 4,183 $206K New
NWN Northwest Natural Holding Co. 1.31% 4,398 $206K New
WELL Welltower Inc. 1.31% 1,106 $205K New
BNL Broadstone Net Lease Inc. 1.30% 11,766 $204K No change
MLM Martin Marietta Materials 1.29% 327 $204K No change
WTS Watts Water Technologies-A 1.29% 736 $203K No change
EFC Ellington Financial Inc. 1.28% 14,799 $201K No change
KEY Keycorp 1.27% 9,710 $200K New
FNB FNB Corp. 1.20% 11,012 $188K No change
PAX Patria Investments Ltd. Class A 1.04% 10,320 $164K No change
PMT Pennymac Mortgage Investment 1.01% 12,684 $159K No change
LADR Ladder Capital Corp.-REIT 1.00% 14,330 $157K No change
RITM Rithm Capital Corp. 0.98% 14,101 $154K Reduce -50.1%
NWBI Northwest Bancshares Inc. 0.82% 10,717 $129K No change
PBI Pitney Bowes Inc. 0.79% 11,692 $124K No change

Portfolio Sells Q3 2025 → Q4 2025
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.61
TJX TJX Companies Inc. Sold out 0.00% −0.55
STWD Starwood Property Trust Inc. Sold out 0.00% −0.54
CASY Casey's General Stores Inc. Sold out 0.00% −0.53
ALLE Allegion PLC Sold out 0.00% −0.53
NEU Newmarket Corp. Sold out 0.00% −0.52
ITT Itt Inc. Sold out 0.00% −0.52
AWI Armstrong World Industries Sold out 0.00% −0.51
NI Nisource Inc. Sold out 0.00% −0.50
PECO Phillips Edison & Company Inc. Sold out 0.00% −0.50
MNST Monster Beverage Corp. Sold out 0.00% −0.50
WAB Wabtec Corp. Sold out 0.00% −0.50
MO Altria Group Inc. Sold out 0.00% −0.50
GS Goldman Sachs Group Inc. Sold out 0.00% −0.50
FOXA Fox Corp. Class A Sold out 0.00% −0.49
STT State Street Corp. Sold out 0.00% −0.49
TRV The Travelers Cos Inc. Sold out 0.00% −0.48
HLI Houlihan Lokey Inc. Sold out 0.00% −0.48
ORI Old Republic Intl Corp. Sold out 0.00% −0.48
SYY Sysco Corp. Sold out 0.00% −0.48
ETR Entergy Corp. Sold out 0.00% −0.47
NLY Annaly Capital Management Inc. Sold out 0.00% −0.47
TRMB Trimble Inc. Sold out 0.00% −0.47
BYD Boyd Gaming Corp. Sold out 0.00% −0.47
T AT&T Inc. Sold out 0.00% −0.47
RTX RTX Corp. Sold out 0.00% −0.47
MS Morgan Stanley Sold out 0.00% −0.46
AXP American Express Co. Sold out 0.00% −0.46
CFG Citizens Financial Group Sold out 0.00% −0.46
BATRK Atlanta Braves Holdings in-C Sold out 0.00% −0.45
EMR Emerson Electric Co. Sold out 0.00% −0.45
ALL Allstate Corp. Sold out 0.00% −0.45
RBA RB Global Inc. Sold out 0.00% −0.45
SEIC Sei Investments Company Sold out 0.00% −0.45
ROP Roper Technologies Inc. Sold out 0.00% −0.45
FWONA Liberty Media Corp. Class A Sold out 0.00% −0.44
XYL Xylem Inc. Sold out 0.00% −0.44
SNX TD Synnex Corp. Sold out 0.00% −0.44
ROK Rockwell Automation Inc. Sold out 0.00% −0.44
HON Honeywell International Inc. Sold out 0.00% −0.44
PSTL Postal Realty Trust Inc. Class A Sold out 0.00% −0.43
COR Cencora Inc. Sold out 0.00% −0.43
FERG Ferguson Enterprises Inc. Sold out 0.00% −0.43
CME Cme Group Inc. Sold out 0.00% −0.43
FCFS Firstcash Holdings Inc. Sold out 0.00% −0.43
PH Parker Hannifin Corp. Sold out 0.00% −0.43
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.43
CAH Cardinal Health Inc. Sold out 0.00% −0.42
BLX Bladex Inc. Sold out 0.00% −0.42
EHC Encompass Health Corp. Sold out 0.00% −0.42

Portfolio Buys Q3 2025 → Q4 2025
BKH Black Hills Corp. New 1.39% +1.39
DX Dynex Capital Inc. New 1.36% +1.36
CBL CBL & Associates Properties New 1.35% +1.35
NMIH Nmi Holdings Inc. New 1.34% +1.34
TFC Truist Financial Corp. New 1.31% +1.31
NWN Northwest Natural Holding Co. New 1.31% +1.31
WELL Welltower Inc. New 1.31% +1.31
KEY Keycorp New 1.27% +1.27

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 28$6.0MAFL, LNT, IVT, SO, CNP
Q1 2026 28$5.8MLNT, AFL, FE, WEC, SO
Q4 2025 71$15.7ML, HIG, ATO, NSC, LHX
Q3 2025 262$61.9MBNY, TJX, STWD, CASY, ALLE
Q2 2025 168$40.2MADP, BSX, STWD, PECO, BNY
Q1 2025 150$34.1MAJG, PGR, BRO, FISV, BNY
Q4 2024 172$37.8MBSX, TJX, WELL, UNM, MSI