TAM Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), TAM Capital Management Inc. reported 8 stock positions worth $166.2 million. Its top holding was Cigna at 55.2% of the portfolio, followed by Cigna (CI, 20.3%) and State STR SPDR S&P 500 ETF T (8.8%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 4 and reduced 3. The biggest buy was Charter Communications Inc. N (shares +370%) and the biggest sale Cigna (CI, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001594591
- Portfolio Value
- $166.2M (Q4 2025)
- SEC Filing
- 0001594591-26-000002 ↗ filed Feb 18, 2026
Holdings Value
Holdings 8 stocks · $166.2M
| THE CIGNA GROUP | 55.23% | 333,500 | $91.8M | Reduce -1.4% |
| CI The Cigna Group | 20.33% | 122,722 | $33.8M | Reduce -51.6% |
| STATE STR SPDR S&P 500 ETF T | 8.82% | 21,500 | $14.7M | Add +24.3% |
| CHARTER COMMUNICATIONS INC N | 5.66% | 45,100 | $9.4M | Add +369.8% |
| FISERV INC | 4.67% | 115,500 | $7.8M | Add +117.1% |
| CHTR Charter Communications Inc. Class A | 1.84% | 14,654 | $3.1M | Reduce -99.5% |
| CLX Clorox Company | 1.84% | 20,000 | $3.1M | New |
| FISV Fiserv Inc. | 1.60% | 39,651 | $2.7M | Add +51.3% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
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 |