TAM Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), TAM Capital Management Inc. reported 9 stock positions worth $201.7 million. Its top holding was Cigna at 48.3% of the portfolio, followed by Cigna (CI, 37.8%) and State STR SPDR S&P 500 ETF T (5.7%). Compared with Q2 2025, it opened 6 new positions, sold out of 2, added to 2 and reduced 1. The biggest buy was Cigna (CI, shares +133%) and the biggest sale an exit from JPMorgan Chase (JPM).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001594591
- Portfolio Value
- $201.7M (Q3 2025)
- SEC Filing
- 0001594591-25-000006 ↗ filed Nov 14, 2025
Holdings Value
Holdings 9 stocks · $201.7M
| THE CIGNA GROUP | 48.33% | 338,200 | $97.5M | Add +85.8% |
| CI The Cigna Group | 37.83% | 253,514 | $76.3M | Add +133.0% |
| STATE STR SPDR S&P 500 ETF T | 5.71% | 17,300 | $11.5M | New |
| FISERV INC | 3.40% | 53,200 | $6.9M | New |
| FISV Fiserv Inc. | 1.67% | 26,200 | $3.4M | New |
| ELV Elevance Health Inc. | 1.54% | 15,238 | $3.1M | New |
| CHARTER COMMUNICATIONS INC N | 1.31% | 9,600 | $2.6M | New |
| MAGN Magnera Corp. | 0.20% | 34,038 | $399K | Reduce -65.4% |
| CHTR Charter Communications Inc. Class A | 0.01% | 3,103,456 | $11K | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| CI The Cigna Group | Add +133.0% | 37.83% | +9.51 |
| STATE STR SPDR S&P 500 ETF T | New | 5.71% | +5.71 |
| FISERV INC | New | 3.40% | +3.40 |
| FISV Fiserv Inc. | New | 1.67% | +1.67 |
| ELV Elevance Health Inc. | New | 1.54% | +1.54 |
| CHARTER COMMUNICATIONS INC N | New | 1.31% | +1.31 |
| THE CIGNA GROUP | Add +85.8% | 48.33% | +0.97 |
| CHTR Charter Communications Inc. Class A | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $236.5M | THE CIGNA GROUP, CHKP, CHECK POINT SOFTWARE TECH LT, STATE STR SPDR S&P 500 ETF T, SALESFORCE INC |
| Q1 2026 | 7 | $204.8M | THE CIGNA GROUP, CRM, CI, CHTR, STATE STR SPDR S&P 500 ETF T |
| Q4 2025Amended | 8 | $166.2M | THE CIGNA GROUP, CI, STATE STR SPDR S&P 500 ETF T, CHARTER COMMUNICATIONS INC N, FISERV INC |
| Q3 2025 | 9 | $201.7M | THE CIGNA GROUP, CI, STATE STR SPDR S&P 500 ETF T, FISERV INC, FISV |
| Q2 2025 | 5 | $127.0M | THE CIGNA GROUP, CI, JPM, MAGN, CRON |
| Q1 2025 | 3 | $119.2M | THE CIGNA GROUP, CI, JPM |
| Q4 2024 | 7 | $275.7M | CI, VISA INC, BNY, JPM, JPMORGAN CHASE & CO |
| Q3 2024 | 10 | $228.5M | V, BNY, VISA INC, JPM, STATE STR SPDR S&P 500 ETF T |
| Q2 2024 | 7 | $166.6M | STT, BNY, JPM, CHKP, STATE STR CORP |
| Q1 2024 | 7 | $120.3M | BNY, JPM, STATE STR CORP, CHKP, STT |