SEC 13F Intelligence

Managers / Q1 2026

Decagon Asset Management LLP

CIK 0001950677 · 5 SWALLOW PLACE, LONDON, X0, W1B 2AF · 442031482244

Reported Value
$386M
Q1 2026
Positions
77
Filings on Record
7
2019–present window
Filed
May 15, 2026
original filing

Summary

Decagon Asset Management LLP reported $386M in U.S.-listed holdings across 77 positions for Q1 2026.

Its largest position, NSC, represents 16.1% of the portfolio.

Compared with Q4 2025, the fund opened 44 new positions and exited 27.

Portfolio Metrics

Turnover
+55.1%
vs prior filed quarter
Top-10 Concentration
+67.8%
share of reported value
Largest Position
+16.1%
Norfolk Southn
New / Exited
44 / 27
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $219MQ4 ’24Q1 ’25: $139MQ1 ’25Q2 ’25: $153MQ2 ’25Q3 ’25: $198MQ3 ’25Q4 ’25: $260MQ4 ’25Q1 ’26: $386MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 51.5%Other: 48.3%Equity WRT: 0.1%Right: 0.0%
  • Common Stock · 51.5% · $199M
  • Other · 48.3% · $187M
  • Equity WRT · 0.1% · $484,683
  • Right · 0.0% · $17,535

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PENPENUMBRA INCNEW+167.6K167.6K+$55M$55M
EAELECTRONIC ARTS INCNEW+139.9K139.9K+$29M$29M
CLEARWATER ANALYTICS HLDGS INEW+1.14M1.14M+$27M$27M
MISTER CAR WASH INCNEW+2.92M2.92M+$20M$20M
COLOMBIER ACQUISITION CORP INEW+1.49M1.49M+$15M$15M
GTLSCHART INDS INCNEW+52.9K52.9K+$11M$11M
APEX TECH ACQUISITION INCNEW+1.01M1.01M+$10M$10M
GALAXYEDGE ACQUISITION CORPNEW+990.0K990.0K+$10M$10M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NSCNORFOLK SOUTHN CORPhistory →COM16.05%$62M216.0K
2PENPENUMBRA INChistory →COM14.25%$55M167.6K
3EAELECTRONIC ARTS INChistory →COM7.05%$27M133.6K
4CLEARWATER ANALYTICS HLDGS ICL A6.98%$27M1.14M
5HO1HOLOGIC INChistory →COM5.38%$21M275.0K
6MISTER CAR WASH INCCOM5.28%$20M2.92M
7COLOMBIER ACQUISITION CORP IORD SHS CL A · *W EXP 12/31/2033.92%$15M1.67M
8MBCMASTERBRAND INChistory →COMMON STOCK3.33%$13M1.55M
9GTLSCHART INDS INChistory →COM2.83%$11M52.9K
10OAKTREE ACQUISITION CORP IIISHS CL A · *W EXP 09/01/2032.78%$11M1.17M
11APEX TECH ACQUISITION INCUNIT 99/99/99992.62%$10M1.01M
12GALAXYEDGE ACQUISITION CORPUNIT 99/99/99992.57%$10M990.0K
13BHAV ACQUISITION CORPUNIT 03/18/20312.56%$10M990.0K
14NWAXNEW AMER ACQUISITION I CORPCOM SHS CL A · *W EXP 99/99/9992.35%$9M1.33M
15M EVO GBL ACQUISITION CORP IORD SHS CL A · *W EXP 02/18/2032.33%$9M1.35M
16FUTURE MONEY ACQUISITION CORUNIT 03/16/20312.18%$8M844.3K
17HELIX ACQUISITION CORP IIIUSD CL A ORD SHS2.10%$8M798.9K
18GIGCAPITAL9 CORPCL A · RIGHT 12/01/20301.97%$8M1.52M
19BAIN CAP GSS INVT CORPORD CL A · *W EXP 01/01/2021.74%$7M797.4K
20KARBON CAP PARTNERS CORPORD SHS CL A · *W EXP 12/11/2031.72%$7M817.3K
21PONO CAP FOUR INCUNIT 03/11/20311.71%$7M661.5K
22KOCHAV DEFENSE ACQUI COSHS CL A · RIGHT 05/21/20301.66%$6M1.68M
23TGE VALUE CREATIVE SOLUTIONSUSD CL A ORD SHS · *W EXP 09/16/2031.20%$5M729.5K
24XFLH CAP CORPORD SHS1.08%$4M424.5K
25METALS ACQUISITION CORP IIUNIT 99/99/99990.90%$3M344.0K
26NEWBRIDGE ACQUISITION LTDCL A ORD SHS0.89%$3M350.0K
27IDEA ACQUISITION CORPUNIT 01/06/20310.82%$3M318.4K
28PRAETORIAN ACQUISITION CORPORD SHS CL A0.59%$2M233.0K
29RF ACQUISITION CORP IIIORD SHS0.26%$986,940100.8K
30GSR IV ACQUISITION CORPRIGHT 08/22/20300.07%$267,119109.0K
31SBC MED GROUP HLDGS INC*W EXP 09/17/2020.07%$259,873945.0K
32EGH ACQUISITION CORP.RIGHT 99/99/99990.04%$161,719646.9K
33K&F GROWTH ACQUISITION CORPRIGHT 08/29/20310.04%$157,476874.9K
34EVOLUTION GLOBAL ACQUISITION*W EXP 10/22/2030.04%$147,602369.0K
35TEXAS VENTURES ACQUISITION I*W EXP 04/23/2030.03%$101,494221.1K
36IRIS ACQUISITION CORP II*W EXP 08/15/2030.02%$87,998285.7K
37BLACK SPADE ACQUISITION III*W EXP 99/99/9990.02%$73,102208.9K
38PROCAP ACQUISITION CORP*W EXP 05/16/2030.02%$72,114225.4K
39AXIOM INTELLIGENCE AC CORP 1RIGHT 06/10/20300.02%$66,465350.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$386M77May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$260M57Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$198M59Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$153M56Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$139M44May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$219M45Feb 14, 2025RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.