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Asset Manager ← All Institutions

Longboard Asset Management, LP

P.O. BOX 97730, PHOENIX, AZ 85060 • 800-290-8319

Q4 2025 · Filed 2026-01-16
Market Value
$5.7B
+9344.2%
Holdings
262
-41
New Purchases
8
Added To
0
Closed
192
Reduced
1
Top 10 Concentration
40.4%
Turnover
76.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PPL 4.49% 0.45% +4.04% $254M
NTB 4.18% 0.34% +3.84% $236M
DX 3.79% 0.00% +3.79% $214M
OHI 4.15% 0.37% +3.78% $235M
AGNCZ 4.12% 0.36% +3.76% $233M
CBL 3.76% 0.00% +3.76% $212M
ACT 4.12% 0.38% +3.75% $233M
NMIH 3.73% 0.00% +3.73% $211M
MTG 4.06% 0.37% +3.69% $230M
TFC 3.64% 0.00% +3.64% $206M
NWN 3.64% 0.00% +3.64% $206M
FE 3.95% 0.38% +3.56% $223M
KEY 3.55% 0.00% +3.55% $200M
IVT 3.78% 0.36% +3.42% $214M
AVA 3.76% 0.35% +3.41% $212M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BK 0.00% 0.63% -0.63% $0
TJX 0.00% 0.57% -0.57% $0
STWD 0.00% 0.56% -0.56% $0
CASY 0.00% 0.55% -0.55% $0
ALLE 0.00% 0.54% -0.54% $0
NEU 0.00% 0.54% -0.54% $0
ITT 0.00% 0.54% -0.54% $0
AWI 0.00% 0.53% -0.53% $0
NI 0.00% 0.52% -0.52% $0
PECO 0.00% 0.52% -0.52% $0
MNST 0.00% 0.52% -0.52% $0
WAB 0.00% 0.52% -0.52% $0
MO 0.00% 0.52% -0.52% $0
GS 0.00% 0.51% -0.51% $0
FOXA 0.00% 0.50% -0.50% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Utilities 48.6%
Real Estate 27.4%
Financial Services 13.4%
Healthcare 7.0%
Consumer Cyclical 3.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $0 0.0%
Large Cap 151 $1.9B 34.2%
Mid Cap 78 $2.4B 42.3%
Small Cap 26 $1.3B 23.5%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$35.1B
Median Market Cap
$14.3B
Avg P/E
27.3
Median P/E
21.9
Avg Dividend Yield
0.03%
Avg Beta
0.86
# Stocks
262
# ETFs / Funds
0

Top Holdings (262 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PPL 4.49% 7,247 $254M $35,020.01 $254M
2 NTB 4.18% 4,742 $236M $49,819.91 $236M
3 OHI 4.15% 5,293 $235M $44,340.07 $234M
4 ACT 4.12% 5,877 $233M $39,639.95 $233M
5 AGNCZ 4.12% 21,708 $233M $10,720.01 $232M
6 MTG 4.06% 7,856 $230M $29,219.96 $229M
7 FE 3.95% 4,979 $223M $44,770.03 $223M
8 DX 3.79% 15,285 $214M $14,010.01 +15,285 NEW
9 IVT 3.78% 7,572 $214M $28,209.98 $213M
10 CBL 3.76% 5,742 $212M $37,000.00 +5,742 NEW
11 ARI 3.76% 21,927 $212M $9,679.98 $212M
12 AVA 3.76% 5,506 $212M $38,539.96 $212M
13 CNP 3.74% 5,516 $211M $38,339.92 $211M
14 NMIH 3.73% 5,171 $211M $40,789.98 +5,171 NEW
15 OGE 3.71% 4,913 $210M $42,699.98 $210M
16 NTST 3.69% 11,827 $209M $17,639.98 $208M
17 TFC 3.64% 4,183 $206M $49,209.90 +4,183 NEW
18 NWN 3.64% 4,398 $206M $46,740.11 +4,398 NEW
19 BNL 3.62% 11,766 $204M $17,369.96 $204M
20 EFC-PD 3.56% 14,799 $201M $13,579.97 $201M
21 KEY 3.55% 9,710 $200M $20,639.96 +9,710 NEW
22 FNB 3.33% 11,012 $188M $17,099.98 $188M
23 PAX 2.90% 10,320 $164M $15,890.02 $164M
24 PMT 2.82% 12,684 $159M $12,549.98 $159M
25 LADR 2.79% 14,330 $157M $10,990.02 $157M
26 RITM-PD 2.72% 14,101 $154M $10,900.01 $153M -14,139 -50.1%
27 NWBI 2.28% 10,717 $129M $12,000.00 $128M
28 PBI 2.19% 11,692 $124M $10,569.96 $123M
29 L 0.01% 2,733 $288K $105.31 $13K
30 HIG 0.01% 2,073 $286K $137.80 $9K
31 ATO —% 1,678 $281K $167.63 -$5K
32 NSC —% 973 $281K $288.72 -$11K
33 LHX —% 939 $276K $293.57 -$11K
34 GD —% 799 $269K $336.66 -$3K
35 NDAQ —% 2,753 $267K $97.13 $24K
36 WTW —% 782 $257K $328.60 -$13K
37 AFL —% 2,302 $254K $110.27 -$3K
38 SSNC —% 2,869 $251K $87.42 -$4K
39 OGS —% 3,222 $249K $77.25 -$12K
40 CB —% 794 $248K $312.12 $24K
41 IDA —% 1,949 $247K $126.56 -$11K
42 DUK —% 2,101 $246K $117.21 -$14K
43 EVRG —% 3,396 $246K $72.49 -$12K
44 SWX —% 3,071 $246K $80.02 $5K
45 VTR —% 3,165 $245K $77.38 $23K
46 NOC —% 412 $235K $570.21 -$16K
47 ROL —% 3,885 $233K $60.02 $5K
48 GATX —% 1,369 $232K $169.60 -$7K
49 ECL —% 882 $232K $262.52 -$10K
50 WEC —% 2,177 $230K $105.46 -$20K
51 LNT —% 3,522 $229K $65.01 -$8K
52 CBRE —% 1,415 $228K $160.79 $5K
53 SO —% 2,573 $224K $87.20 -$19K
54 BKH —% 3,140 $218K $69.42 +3,140 NEW
55 SCHW —% 2,167 $217K $99.91 $10K
56 BPOP —% 1,727 $215K $124.52 -$4K
57 DTE —% 1,666 $215K $128.98 -$21K
58 AEP —% 1,862 $215K $115.31 $5K
59 AEE —% 2,147 $214K $99.86 -$10K
60 MDT —% 2,220 $213K $96.06 $2K
61 SPG —% 1,149 $213K $185.11 -$3K
62 XEL —% 2,872 $212K $73.86 -$20K
63 VMC —% 743 $212K $285.22 -$17K
64 PNW —% 2,387 $212K $88.70 -$2K
65 SR —% 2,532 $209K $82.70 $3K
66 ESNT —% 3,210 $209K $65.01 $5K
67 CMS —% 2,982 $209K $69.93 -$10K
68 WELL —% 1,106 $205K $185.61 +1,106 NEW
69 MLM —% 327 $204K $622.66 -$2K
70 WTS —% 736 $203K $276.02 -$2K
71 SNX —% -$271K -1,652 -100.0% SOLD
72 STT —% -$301K -2,594 -100.0% SOLD
73 ETR —% -$294K -3,150 -100.0% SOLD
74 ARMK —% -$244K -6,349 -100.0% SOLD
75 FTI —% -$224K -5,679 -100.0% SOLD
76 TJX —% -$341K -2,359 -100.0% SOLD
77 FHN —% -$221K -9,785 -100.0% SOLD
78 CPNG —% -$223K -6,938 -100.0% SOLD
79 CTRE —% -$251K -7,246 -100.0% SOLD
80 BYD —% -$290K -3,358 -100.0% SOLD
81 AXP —% -$285K -858 -100.0% SOLD
82 PNR —% -$203K -1,836 -100.0% SOLD
83 GS —% -$307K -386 -100.0% SOLD
84 CFG —% -$285K -5,352 -100.0% SOLD
85 BLX —% -$260K -5,665 -100.0% SOLD
86 IVZ —% -$206K -8,978 -100.0% SOLD
87 GPGI —% -$213K -10,207 -100.0% SOLD
88 WM —% -$215K -974 -100.0% SOLD
89 OMF —% -$223K -3,948 -100.0% SOLD
90 ALL —% -$279K -1,301 -100.0% SOLD
91 SPGI —% -$228K -469 -100.0% SOLD
92 AZZ —% -$210K -1,925 -100.0% SOLD
93 PFGC —% -$213K -2,049 -100.0% SOLD
94 MLI —% -$203K -2,011 -100.0% SOLD
95 ACEL —% -$205K -18,539 -100.0% SOLD
96 ALLE —% -$326K -1,836 -100.0% SOLD
97 OPLN —% -$203K -7,037 -100.0% SOLD
98 AHR —% -$202K -4,807 -100.0% SOLD
99 SYK —% -$203K -549 -100.0% SOLD
100 EHC —% -$259K -2,036 -100.0% SOLD

New Positions

SymbolValue% Port
DX $214M 3.79%
CBL $212M 3.76%
NMIH $211M 3.73%
TFC $206M 3.64%
NWN $206M 3.64%
KEY $200M 3.55%
BKH $218K —%
WELL $205K —%

Sold Out Positions

SymbolValue% Port
T —%
YUM —%
APAM —%
NFG —%
CSV —%
ARMK —%
ALL —%
HLI —%
GWRE —%
ALG —%
CTRE —%
CFG —%
ALLE —%
BLX —%
IVZ —%
View SEC EDGAR Filings for Longboard Asset Management, LP →

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