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Appian Way Asset Management LP

Q3 2025 · Filed 2025-11-14
Market Value
$405M
+28.5%
Holdings
32
+2
New Purchases
12
Added To
7
Closed
7
Reduced
6
Top 10 Concentration
86.1%
Turnover
59.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DAR 13.32% 0.79% +12.52% $54M
KEX 13.94% 5.58% +8.35% $56M
SEE 11.00% 6.93% +4.07% $44M
IAG 4.52% 1.17% +3.36% $18M
CE 2.34% 0.00% +2.34% $9M
NXE 2.34% 0.00% +2.34% $9M
SEI 1.15% 0.00% +1.15% $5M
OLN 1.06% 0.00% +1.06% $4M
CCJ 1.02% 0.00% +1.02% $4M
PKG 0.69% 0.00% +0.69% $3M
GLNG 16.32% 15.86% +0.46% $66M
CALM 0.45% 0.00% +0.45% $2M
KNX 2.50% 2.06% +0.44% $10M
FUL 0.43% 0.00% +0.43% $2M
JBHT 0.27% 0.00% +0.27% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CC 3.61% 13.86% -10.25% $15M
SGML 0.00% 7.66% -7.66% $0
ESI 4.05% 10.79% -6.74% $16M
PCT 14.03% 16.77% -2.75% $57M
DY 0.00% 2.21% -2.21% $0
MTZ 0.00% 1.74% -1.74% $0
GXO 0.39% 1.98% -1.59% $2M
TH 2.85% 4.28% -1.43% $12M
FCX 0.00% 1.28% -1.28% $0
CSL 0.00% 1.01% -1.01% $0
CORZ 1.93% 2.70% -0.77% $8M
GEO 1.21% 1.97% -0.75% $5M
KTOS 0.00% 0.73% -0.73% $0
JBTM 0.00% 0.63% -0.63% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 9 $18M 4.5%
Mid Cap 19 $373M 92.3%
Small Cap 3 $12M 3.0%
Micro Cap 1 $987K 0.2%

Portfolio Analytics

Avg Market Cap
$11.6B
Median Market Cap
$6.6B
Avg P/E
61.4
Median P/E
39.6
Avg Dividend Yield
0.01%
Avg Beta
1.30
# Stocks
32
# ETFs / Funds
0

Top Holdings (32 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLNG 16.32% 1,633,582 $66M $40.41 $16M +421,375 +34.8%
2 PCT 14.03% 4,315,655 $57M $13.15 $4M +459,676 +11.9%
3 KEX 13.94% 675,546 $56M $83.45 $39M +520,535 +335.8%
4 DAR 13.32% 1,744,864 $54M $30.87 $51M +1,679,064 +2551.8%
5 SEE 11.00% 1,258,601 $44M $35.35 $23M +555,540 +79.0%
6 IAG 4.52% 1,414,929 $18M $12.93 $15M +915,050 +183.1%
7 ESI 4.05% 650,872 $16M $25.17 -$18M -848,660 -56.6%
8 CC 3.61% 922,656 $15M $15.84 -$29M -2,890,685 -75.8%
9 TH 2.85% 1,360,609 $12M $8.48 -$2M -532,524 -28.1%
10 KNX 2.50% 255,978 $10M $39.51 $4M +109,023 +74.2%
11 CE 2.34% 224,589 $9M $42.08 +224,589 NEW
12 NXE 2.34% 1,055,403 $9M $8.95 +1,055,403 NEW
13 CORZ 1.93% 434,661 $8M $17.94 -$690K -62,576 -12.6%
14 GEO 1.21% 239,168 $5M $20.49 -$1M -19,387 -7.5%
15 SEI 1.15% 116,740 $5M $39.97 +116,740 NEW
16 OLN 1.06% 171,672 $4M $24.99 +171,672 NEW
17 CCJ 1.02% 49,259 $4M $83.86 +49,259 NEW
18 PKG 0.69% 12,784 $3M $217.93 +12,784 NEW
19 CALM 0.45% 19,442 $2M $94.10 +19,442 NEW
20 FUL 0.43% 29,675 $2M $59.28 +29,675 NEW
21 GXO 0.39% 30,186 $2M $52.89 -$5M -98,092 -76.5%
22 JBHT 0.27% 8,110 $1M $134.17 +8,110 NEW
23 DRIO 0.24% 56,862 $987K $17.35 +56,862 NEW
24 AXTA 0.18% 25,469 $729K $28.62 +25,469 NEW
25 TROX 0.16% 157,446 $633K $4.02 +157,446 NEW
26 FCX —% -$4M -93,167 -100.0% SOLD
27 DY —% -$7M -28,435 -100.0% SOLD
28 SGML —% -$24M -5,359,019 -100.0% SOLD
29 MTZ —% -$5M -32,147 -100.0% SOLD
30 KTOS —% -$2M -49,255 -100.0% SOLD
31 JBTM —% -$2M -16,600 -100.0% SOLD
32 CSL —% -$3M -8,548 -100.0% SOLD

Options Breakdown

5 Calls $18M Call Value 1 Puts $80M Put Value 4.38 P/C Ratio

Top Calls

SymbolSharesValueStatus
DAR 590,000 $18M
CC $0 SOLD
PCT $0 SOLD
CF $0 SOLD
MOS $0 SOLD

Top Puts

SymbolSharesValueStatus
IWM 330,000 $80M NEW

New Positions

SymbolValue% Port
CE $9M 2.34%
NXE $9M 2.34%
SEI $5M 1.15%
OLN $4M 1.06%
CCJ $4M 1.02%
PKG $3M 0.69%
CALM $2M 0.45%
FUL $2M 0.43%
JBHT $1M 0.27%
DRIO $987K 0.24%
AXTA $729K 0.18%
TROX $633K 0.16%

Sold Out Positions

SymbolValue% Port
DY —%
CSL —%
MTZ —%
JBTM —%
KTOS —%
FCX —%
SGML —%
View SEC EDGAR Filings for Appian Way Asset Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms