P Schoenfeld Asset Management LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), P Schoenfeld Asset Management LP reported 16 stock positions worth $256.9 million. Its top holding was Beacon Roofing Supply (BECN) at 14.6% of the portfolio, followed by Talen Energy (TLN, 13.2%) and Frontier Communications Pare (FYBR, 10.2%). Compared with Q4 2024, it opened 6 new positions, sold out of 9, added to 3 and reduced 4. The biggest buy was a new position in Beacon Roofing Supply (BECN) and the biggest sale an exit from Hashicorp Class A (HCP).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001040198
Portfolio Value
$256.9M (Q1 2025)
SEC Filing
0001140361-25-019177 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $217.1M Q1 2024 Q2 2024: $224.0M Q2 2024 Q3 2024: $271.4M Q3 2024 Q4 2024: $239.3M Q4 2024 Q1 2025: $256.9M $256.9M Q1 2025 Q2 2025: $311.8M Q2 2025 Q3 2025: $351.8M Q3 2025 Q4 2025: $203.8M Q4 2025 Q1 2026: $125.8M Q1 2026 Q2 2026: $166.8M Q2 2026

Holdings 16 stocks · $256.9M
BECN Beacon Roofing Supply Inc. 14.59% 302,972 $37.5M New
TLN Talen Energy Corp. 13.18% 169,575 $33.9M Reduce -22.8%
FYBR Frontier Communications Pare 10.21% 731,200 $26.2M Add +12.2%
HES Hess Corp. 9.72% 156,286 $25.0M No change
JNPR Juniper Networks Inc. 9.29% 659,277 $23.9M Reduce -8.9%
ITCI Intra-Cellular Therapies Inc. 9.06% 176,500 $23.3M New
K Kellanova 8.15% 253,700 $20.9M Add +35.9%
IAG Iamgold Corp. 6.94% 2,852,304 $17.8M Reduce -15.5%
PARAA Paramount Global Class B 6.04% 1,297,569 $15.5M Reduce -17.7%
TGI Triumph Group Inc. 4.55% 461,182 $11.7M New
CHX Championx Corp. 4.43% 381,800 $11.4M New
TECK Teck Resources Ltd.-CLS B 1.16% 81,667 $3.0M No change
LBRDK Liberty Broadband-C 1.03% 31,000 $2.6M No change
AZEK The Azek Co. Inc. 0.86% 45,000 $2.2M New
JWN Nordstrom Inc. 0.65% 67,776 $1.7M New
PENN Penn Entertainment Inc. 0.16% 25,000 $408K Add +25.0%

Options reported separately and not counted above: TLN puts ($22.2M), JNPR puts ($12.7M), JNPR calls ($12.7M), PARAA puts ($9.8M), X calls ($9.7M), GDX calls ($9.2M), VOD calls ($7.0M), EXE calls ($3.3M), NFE puts ($2.9M), EQT calls ($2.7M), BECN puts ($2.6M), WULF puts ($2.4M), and 2 more.

Other holdings (4): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
SecurityClassShares / PrincipalValueChange
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) NOTE 0.250%12/0 · principal 9,530,000$858KAdd +45.9%
USA RARE EARTH INC *W EXP 03/13/203 253,605$170KNew
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 507,375$36KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 24,766$2KNo change

Total filed on the 13F, all lines: $257.9M.

Portfolio Sells Q4 2024 → Q1 2025
HCP Hashicorp Inc. Class A Sold out 0.00% −11.15
TLN Talen Energy Corp. Reduce -22.8% 13.18% −5.30
ALTM Arcadium Lithium PLC Sold out 0.00% −4.64
DFS Discover Financial Services Sold out 0.00% −4.37
JNPR Juniper Networks Inc. Reduce -8.9% 9.29% −2.03
ACI Albertsons Cos Inc. Class A Sold out 0.00% −1.97
SMAR Smartsheet Inc. Class A Sold out 0.00% −1.76
VISN Vistance Networks Inc. Sold out 0.00% −1.63
X United States Steel Corp. Sold out 0.00% −1.56
OPTU Optimum Communications Inc. Class A Sold out 0.00% −1.01
IPG Interpublic Group of Cos Inc. Sold out 0.00% −0.98
PARAA Paramount Global Class B Reduce -17.7% 6.04% −0.85
IAG Iamgold Corp. Reduce -15.5% 6.94% −0.34

Portfolio Buys Q4 2024 → Q1 2025
BECN Beacon Roofing Supply Inc. New 14.59% +14.59
ITCI Intra-Cellular Therapies Inc. New 9.06% +9.06
TGI Triumph Group Inc. New 4.55% +4.55
CHX Championx Corp. New 4.43% +4.43
K Kellanova Add +35.9% 8.15% +1.83
AZEK The Azek Co. Inc. New 0.86% +0.86
FYBR Frontier Communications Pare Add +12.2% 10.21% +0.76
JWN Nordstrom Inc. New 0.65% +0.65
PENN Penn Entertainment Inc. Add +25.0% 0.16% −0.01

Options Activity Q4 2024 → Q1 2025
CNX CNX Resources Corp. call Sold out 650,000 $23.8Mbefore exit
TLN Talen Energy Corp. put Add +4.5% 111,300 $22.2M
JNPR Juniper Networks Inc. call New 350,000 $12.7M
FYBR Frontier Communications Pare put Sold out 308,200 $10.7Mbefore exit
PARAA Paramount Global Class B put Reduce -8.7% 819,700 $9.8M
X United States Steel Corp. call Reduce -59.9% 230,400 $9.7M
GDX Vaneck Gold Miners ETF call Add +100.0% 200,000 $9.2M
CPRI Capri Holdings Ltd. put Sold out 427,300 $9.0Mbefore exit
VOD Vodafone Group PLC-SP ADR call Reduce -66.9% 750,000 $7.0M
X United States Steel Corp. put Sold out 154,500 $5.3Mbefore exit
EXE Expand Energy Corp. call New 30,000 $3.3M
NFE New Fortress Energy Inc. put New 350,000 $2.9M
EQT Eqt Corp. call New 50,000 $2.7M
BECN Beacon Roofing Supply Inc. put New 21,400 $2.6M
WULF Terawulf Inc. put Add +221.8% 885,000 $2.4M
CPRI Capri Holdings Ltd. call Sold out 110,700 $2.3Mbefore exit
HTZ Hertz Global Hldgs Inc. call New 200,000 $788K
NKLAQ Nikola Corp. call Sold out 376,100 $448Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) NOTE 0.250%12/0 · principal Add +45.9% 9,530,000 $858K
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 Sold out 399,370 $196Kbefore exit
USA RARE EARTH INC *W EXP 03/13/203 New 253,605 $170K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 23$166.8MWBD, GSAT, WULF, EA, VSAT
Q1 2026 24$125.8MWBD, WULF, CORZ, JHG, LBRDK
Q4 2025 31$203.8MCYBR, NSC, FYBR, CORZ, TLN
Q3 2025 24$351.8MTLN, K, WULF, IAG, FYBR
Q2 2025 18$311.8MTLN, K, JNPR, IAG, FYBR
Q1 2025 16$256.9MBECN, TLN, FYBR, HES, JNPR
Q4 2024 19$239.3MTLN, JNPR, HCP, FYBR, HES
Q3 2024 17$271.4MTLN, HCP, AXONICS INC, IAG, HES
Q2 2024 22$224.0MCERE, AXONICS INC, IAG, HES, HCP
Q1 2024 21$217.1MCERE, PXD, X, CPRI, JNPR