SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Longboard Asset Management, LP

CIK 0002045792 · P.O. BOX 97730, PHOENIX, AZ, 85060 · 800-290-8319

Reported Value
$16M
Q4 2025
Positions
71
Filings on Record
7
2019–present window
Filed
Jan 16, 2026
original filing

Summary

Longboard Asset Management, LP reported $16M in U.S.-listed holdings across 71 positions for Q4 2025.

Its largest position, L, represents 1.8% of the portfolio.

Compared with Q3 2025, the fund opened 8 new positions and exited 199.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+17.2%
share of reported value
Largest Position
+1.8%
Loews Corporation
New / Exited
8 / 199
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $38MQ4 ’24Q1 ’25: $34MQ1 ’25Q2 ’25: $40MQ2 ’25Q3 ’25: $62MQ3 ’25Q4 ’25: $16MQ4 ’25Q1 ’26: $6MQ1 ’26Q2 ’26: $6MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 79.5%REIT: 19.5%Other: 1.0%
  • Common Stock · 79.5% · $12M
  • REIT · 19.5% · $3M
  • Other · 1.0% · $163,985

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BKHBlack Hills CorporationNEW+3.1K3.1K+$217,979$217,979
DXDynex Capital Inc.NEW+15.3K15.3K+$214,143$214,143
CBLCBL & Associates Properties Inc.NEW+5.7K5.7K+$212,454$212,454
NMIHNMI Holdings Inc.NEW+5.2K5.2K+$210,925$210,925
TFCTruist Financial CorporationNEW+4.2K4.2K+$205,845$205,845
NWNNorthwest Natural Holding CompanyNEW+4.4K4.4K+$205,563$205,563
WELLWelltower Inc.NEW+1.1K1.1K+$205,285$205,285
KEYKeyCorporationNEW+9.7K9.7K+$200,414$200,414

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

Holdings — Q4 2025

71 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LLoews Corporationhistory →COMMON STOCKS1.83%$287,8122.7K
2HIGHartford Insurance Group Inc. (The)history →COMMON STOCKS1.82%$285,6592.1K
3ATOAtmos Energy Corporationhistory →COMMON STOCKS1.79%$281,2831.7K
4NSCNorfolk Southern Corporationhistory →COMMON STOCKS1.79%$280,925973
5LHXL3Harris Technologies Inc.history →COMMON STOCKS1.75%$275,662939
6GDGeneral Dynamics Corporationhistory →COMMON STOCKS1.71%$268,991799
7NDAQNasdaq Inc.history →COMMON STOCKS1.70%$267,3992.8K
8WTWWillis Towers Watson plchistory →COMMON STOCKS1.63%$256,965782
9AFLAflac Inc.history →COMMON STOCKS1.61%$253,8422.3K
10PPLPPL Corporationhistory →COMMON STOCKS1.61%$253,7907.2K
11SSNCSS&C Technologies Holdings Inc.history →COMMON STOCKS1.59%$250,8082.9K
12OGSONE Gas Inc.history →COMMON STOCKS1.58%$248,9003.2K
13CBChubb Ltd.history →COMMON STOCKS1.58%$247,823794
14IDAIDACORP Inc.history →COMMON STOCKS1.57%$246,6651.9K
15DUKDuke Energy Corporationhistory →COMMON STOCKS1.57%$246,2582.1K
16EVRGEvergy Inc.history →COMMON STOCKS1.57%$246,1763.4K
17SWXSouthwest Gas Holdings Inc.history →COMMON STOCKS1.56%$245,7413.1K
18VTRVentas Inc.history →REIT1.56%$244,9083.2K
19NTBBank of NT Butterfield & Son Ltd. (The)history →COMMON STOCKS1.50%$236,2464.7K
20NOCNorthrop Grumman Corporationhistory →COMMON STOCKS1.49%$234,927412
21OHIOmega Healthcare Investors Inc.history →REIT1.49%$234,6925.3K
22ROLRollins Inc.history →COMMON STOCKS1.48%$233,1783.9K
23ACTEnact Holdings Inc.history →COMMON STOCKS1.48%$232,9645.9K
24AGNCAGNC Investment Corporationhistory →REIT1.48%$232,71021.7K
25GATXGATX Corporationhistory →COMMON STOCKS1.48%$232,1821.4K
26ECLEcolab Inc.history →COMMON STOCKS1.47%$231,543882
27WECWEC Energy Group Inc.history →COMMON STOCKS1.46%$229,5862.2K
28MTGMGIC Investment Corporationhistory →COMMON STOCKS1.46%$229,5527.9K
29LNTAlliant Energy Corporationhistory →COMMON STOCKS1.46%$228,9653.5K
30CBRECBRE Group Inc.history →COMMON STOCKS1.45%$227,5181.4K
31SOSouthern Company (The)history →COMMON STOCKS1.43%$224,3662.6K
32FEFirstEnergy Corporationhistory →COMMON STOCKS1.42%$222,9105.0K
33BKHBlack Hills Corporationhistory →COMMON STOCKS1.39%$217,9793.1K
34SCHWCharles Schwab Corporation (The)history →COMMON STOCKS1.38%$216,5052.2K
35BPOPPopular Inc.history →COMMON STOCKS1.37%$215,0461.7K
36DTEDTE Energy Companyhistory →COMMON STOCKS1.37%$214,8811.7K
37AEPAmerican Electric Power Company Inc.history →COMMON STOCKS1.37%$214,7071.9K
38AEEAmeren Corporationhistory →COMMON STOCKS1.36%$214,3992.1K
39DXDynex Capital Inc.history →REIT1.36%$214,14315.3K
40IVTInvenTrust Properties Corporationhistory →REIT1.36%$213,6067.6K
41MDTMedtronic plchistory →COMMON STOCKS1.36%$213,2532.2K
42BATRAAtlanta Braves Holdings Inc.history →COMMON STOCKS1.35%$212,9605.0K
43SPGSimon Property Group Inc.history →REIT1.35%$212,6911.1K
44CBLCBL & Associates Properties Inc.history →COMMON STOCKS1.35%$212,4545.7K
45ARIApollo Commercial Real Estate Finance Inc.history →REIT1.35%$212,25321.9K
46AVAAvista Corporationhistory →COMMON STOCKS1.35%$212,2015.5K
47XELXcel Energy Inc.history →COMMON STOCKS1.35%$212,1262.9K
48VMCVulcan Materials Companyhistory →COMMON STOCKS1.35%$211,918743
49PNWPinnacle West Capital Corporationhistory →COMMON STOCKS1.35%$211,7272.4K
50CNPCenterPoint Energy Inc.history →COMMON STOCKS1.34%$211,4835.5K
51NMIHNMI Holdings Inc.history →COMMON STOCKS1.34%$210,9255.2K
52OGEOGE Energy Corporationhistory →COMMON STOCKS1.33%$209,7854.9K
53SRSpire Inc.history →COMMON STOCKS1.33%$209,3962.5K
54ESNTEssent Group Ltd.history →COMMON STOCKS1.33%$208,6823.2K
55NTSTNETSTREIT Corporationhistory →REIT1.33%$208,62811.8K
56CMSCMS Energy Corporationhistory →COMMON STOCKS1.33%$208,5313.0K
57TFCTruist Financial Corporationhistory →COMMON STOCKS1.31%$205,8454.2K
58NWNNorthwest Natural Holding Companyhistory →COMMON STOCKS1.31%$205,5634.4K
59WELLWelltower Inc.history →REIT1.31%$205,2851.1K
60BNLBroadstone Net Lease Inc.history →REIT1.30%$204,37511.8K
61MLMMartin Marietta Materials Inc.history →COMMON STOCKS1.29%$203,610327
62WTSWatts Water Technologies Inc.history →COMMON STOCKS1.29%$203,151736
63EFCEllington Financial Inc.history →REIT1.28%$200,97014.8K
64KEYKeyCorporationhistory →COMMON STOCKS1.27%$200,4149.7K
65FNBFNB Corphistory →COMMON STOCKS1.20%$188,30511.0K
66Patria Investments Ltd.COMMON STOCKS1.04%$163,98510.3K
67PMTPennyMac Mortgage Investment Trusthistory →REIT1.01%$159,18412.7K
68LADRLadder Capital Corporationhistory →REIT1.00%$157,48714.3K
69RITMRithm Capital CorporationREIT0.98%$153,70114.1K
70NWBINorthwest Bancshares Inc.COMMON STOCKS0.82%$128,60410.7K
71PBIPitney Bowes Inc.COMMON STOCKS0.79%$123,58411.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$6M28Jul 8, 202613F-HRchanges · EDGAR ↗
Q1 2026$6M28Apr 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$16M71Jan 16, 202613F-HRchanges · EDGAR ↗
Q3 2025$62M262Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$40M168Jul 10, 202513F-HRchanges · EDGAR ↗
Q1 2025$34M150Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$38M172Jan 27, 202513F-HRchanges · 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 ↗.