Managers / Q2 2025 · view latest →

Birnam Oak Advisors, LP

CIK 0001997245 · 520 MADISON AVENUE, SUITE 2104, NEW YORK, NY, 10022 · 212-970-5800

Reported Value

$338M

Q2 2025

Positions

Filings on Record

2019–present window

Filed

Aug 11, 2025

original filing

Summary

Birnam Oak Advisors, LP reported $338M in U.S.-listed holdings across 36 positions for Q2 2025.

Its largest position, ACWI, represents 10.5% of the portfolio.

Compared with Q1 2025, the fund opened 6 new positions and exited 11.

Portfolio Metrics

Turnover

+37.5%

vs prior filed quarter

Top-10 Concentration

+59.4%

share of reported value

Largest Position

+10.5%

Ishares Tr

New / Exited

6 / 11

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

Portfolio Composition

By security type

Common Stock · 79.4% · $269M
ETP · 19.8% · $67M
Other · 0.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
KEL KELLANOVA	NEW	+472.5K	472.5K	+$38M	$38M
AKX ANSYS INC	NEW	+75.7K	75.7K	+$27M	$27M
TXNM TXNM ENERGY INC	NEW	+269.0K	269.0K	+$15M	$15M
WOO FOOT LOCKER INC	NEW	+200.3K	200.3K	+$5M	$5M
DNB DUN & BRADSTREET HLDGS INC	NEW	+490.0K	490.0K	+$4M	$4M
COF CAPITAL ONE FINL CORP	NEW	+19.8K	19.8K	+$4M	$4M
TG7 TRIUMPH GROUP INC NEW	ADDED	+681.0K	726.5K	+$18M	$19M
FYBR FRONTIER COMMUNICATIONS PARE	ADDED	+526.5K	736.5K	+$19M	$27M

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

Holdings — Q2 2025

20 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	HES HESS CORP history →	COM	14.34%	$49M	350.3K
2	ACWI ISHARES TR	MSCI ACWI ETF · CORE MSCI EURO · S&P 500 VAL ETF	12.17%	$41M	341.8K
3	KEL KELLANOVA history →	COM	11.10%	$38M	472.5K
4	APY1EUR CHAMPIONX CORPORATION history →	COM	10.87%	$37M	1.48M
5	IPG INTERPUBLIC GROUP COS INC history →	COM	7.99%	$27M	1.10M
6	FYBR FRONTIER COMMUNICATIONS PARE history →	COM	7.92%	$27M	736.5K
7	AKX ANSYS INC history →	COM	7.86%	$27M	75.7K
8	TG7 TRIUMPH GROUP INC NEW history →	COM	5.53%	$19M	726.5K
9	VUG VANGUARD INDEX FDS	GROWTH ETF · VALUE ETF	5.49%	$19M	65.1K
10	TXNM TXNM ENERGY INC history →	COM	4.48%	$15M	269.0K
11	BRK/B BERKSHIRE HATHAWAY INC DEL history →	CL B NEW	2.15%	$7M	15.0K
12	WOO FOOT LOCKER INC history →	COM	1.45%	$5M	200.3K
13	DNB DUN & BRADSTREET HLDGS INC history →	COM	1.32%	$4M	490.0K
14	COF CAPITAL ONE FINL CORP history →	COM	1.25%	$4M	19.8K
15	VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	1.03%	$3M	45.0K
16	J P MORGAN EXCHANGE TRADED F	BETABULDRS JAPAN	1.00%	$3M	55.0K
17	MSFT MICROSOFT CORP	COM	0.88%	$3M	6.0K
18	AERCAP HOLDINGS NV	SHS	0.86%	$3M	25.0K
19	AMZN AMAZON COM INC	COM	0.81%	$3M	12.5K
20	ISHARES INC	MSCI JPN ETF NEW	0.09%	$299,880	4.0K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$441M	51	May 12, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$447M	51	Feb 17, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$435M	49	Nov 14, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$338M	36	Aug 11, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$552M	41	May 14, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$206M	37	Feb 10, 2025	13F-HR	changes · 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 ↗.