Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
Sachem Head Capital
activist
A
leaderboard rank榜单排名 #10FADE淡出
Book持仓规模
$4.2B
long US listed only仅美股多头
Positions持仓数
19
95% resolved已解析
Top-10 concentration前十集中度
75%
% of book占组合%
Turnover换手
MED
31.0% per quarter每季
Median excess中位超额
-4%
buys vs SPY, since filing买入相对SPY，自申报起 · n 85
Hit rate胜率
44%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Power & Grid Buildout — added TLN (+11.9pp of book this quarter)核心倾向：电力与电网 — 本季度加仓 TLN（占组合 +11.9pp）
Power & Grid Buildout电力与电网
+11.9pp
11.9% of book held占组合持有
· 1 names标的
· Energy & Power
TLN
Nuclear & SMR Power核电与小型模块化反应堆
+11.9pp
11.9% of book held占组合持有
· 1 names标的
· Energy & Power
TLN
Retail零售
+7.7pp
7.7% of book held占组合持有
· 1 names标的
· Consumer Cyclical
DKS
Consumer Discretionary (Equal-Weight)非必需消费（等权）
+6.0pp
6.0% of book held占组合持有
· 1 names标的
· US Sectors (EW)
CVNA
Technology (Equal-Weight)信息技术（等权）
+3.5pp
9.1% of book held占组合持有
· 3 names标的
· US Sectors (EW)
ON
AKAM
Non-AI Tech & Hardware非AI科技与硬件
+2.9pp
2.9% of book held占组合持有
· 1 names标的
· Semiconductors & Hardware
ON
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: · 12 scored quarters已评分季度 · 42% positive为正 · recent-4 median近4季中位 -7% vs all-time对全期 -3%
Median excess by quarter各季度中位超额: ▄▁▄▃▇▆█▅▃▄▃▄ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 4 | +12% | 50% | -2% |
| 2023-09-30 | 6 | -63% | 17% | +10% |
| 2023-12-31 | 6 | -1% | 50% | -9% |
| 2024-03-31 | 6 | -10% | 50% | -20% |
| 2024-06-30 | 11 | +67% | 55% | -2% |
| 2024-09-30 | 6 | +34% | 67% | +18% |
| 2024-12-31 | 6 | +73% | 67% | -4% |
| 2025-03-31 | 7 | +20% | 71% | +9% |
| 2025-06-30 | 7 | -18% | 29% | -18% |
| 2025-09-30 | 6 | -5% | 50% | +1% |
| 2025-12-31 | 11 | -10% | 18% | -12% |
| 2026-03-31 | 9 | -5% | 22% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Technology
27.3%
▲ +4.0pp
Consumer Cyclical
21.4%
▲ +7.7pp
Consumer Defensive
14.7%
▲ +6.3pp
Utilities
11.9%
▲ +3.1pp
Industrials
8.5%
▼ -6.2pp
Unclassified
6.5%
▲ +5.8pp
Energy
5.8%
▲ +5.8pp
Healthcare
4.0%
▼ -10.5pp
Theme categories主题类别
Energy & Power 11.9%
Consumer Cyclical 7.7%
US Sectors (EW) 6.6%
AI & Technology 5.5%
Semiconductors & Hardware 2.9%
Artificial Intelligence 2.0%
Rotating into (QoQ)轮入（环比）
Consumer Cyclical +7.7pp
Consumer Defensive +6.3pp
Energy +5.8pp
Rotating out of (QoQ)轮出（环比）
Communication Services -13.0pp
Healthcare -10.5pp
Industrials -6.2pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Technology 27% · Consumer Cyclical 21% · Consumer Defensive 15% |
| 2025-12-31 | Technology 23% · Industrials 15% · Healthcare 14% |
| 2025-09-30 | Consumer Defensive 24% · Technology 24% · Healthcare 17% |
| 2025-06-30 | Technology 31% · Utilities 16% · Healthcare 16% |
| 2025-03-31 | Technology 35% · Healthcare 17% · Utilities 14% |
| 2024-12-31 | Technology 44% · Consumer Defensive 13% · Healthcare 10% |
| 2024-09-30 | Technology 28% · Healthcare 21% · Consumer Defensive 16% |
| 2024-06-30 | Consumer Defensive 39% · Technology 21% · Healthcare 12% |
| 2024-03-31 | Consumer Defensive 37% · Technology 18% · Basic Materials 17% |
| 2023-12-31 | Consumer Defensive 34% · Technology 22% · Basic Materials 18% |
| 2023-09-30 | Consumer Defensive 35% · Basic Materials 28% · Unclassified 18% |
| 2023-06-30 | Consumer Defensive 37% · Basic Materials 24% · Unclassified 24% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。18 positions shown项持仓 · resolved已解析 18/19 (95%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TLN |
Talen Energy Corp | 11.9% | $494M | add | +55% | 2q | 80 · HIGH | Utilities | Power & Grid Buildout, Nuclear & SMR Power | +7% |
| 2 |  SATS |
Echostar Corp | 8.5% | $352M | trim | -42% | — | 68 · MODERATE | Industrials | Satellites, Satcom | — |
| 3 |  GDS |
Gds Hldgs Ltd | 8.4% | $350M | hold | -7% | — | 66 · MODERATE | Technology | — | -24% |
| 4 |  PRMB |
Primo Brands Corporation | 7.8% | $322M | new | — | 1q | 69 · MODERATE | Consumer Defensive | — | — |
| 5 | DKS |
Dicks Sporting Goods Inc | 7.7% | $318M | add | +32% | 4q | 82 · HIGH | Consumer Cyclical | Retail | -1% |
| 6 |  TWLO |
Twilio Inc | 7.0% | $289M | hold | +0% | — | 60 · MODERATE | Technology | PaaS, CRM, Collaboration | +3% |
| 7 |  PFGC |
Performance Food Group Co | 6.9% | $287M | hold | +0% | — | 58 · MODERATE | Consumer Defensive | Processing | +14% |
| 8 | CVNA |
Carvana Co | 6.0% | $248M | add | +26% | 2q | 66 · MODERATE | Consumer Cyclical | Consumer Discretionary (Equal-Weight) | -5% |
| 9 |  WFRD |
Weatherford Intl Plc | 5.8% | $239M | new | — | 1q | 59 · MODERATE | Energy | — | -29% |
| 10 |  GIL |
Gildan Activewear Inc | 5.5% | $230M | new | — | 1q | 58 · MODERATE | Consumer Cyclical | — | -3% |
| 11 |  COHR |
Coherent Corp | 5.5% | $230M | trim | -40% | — | 36 · LOW | Technology | AI Infrastructure, Technology (Equal-Weight) | -26% |
| 12 |  SHC |
Sotera Health Co | 4.0% | $167M | hold | +0% | — | 24 · LOW | Healthcare | — | +14% |
| 13 | ON |
On Semiconductor Corp | 2.9% | $120M | new | — | 1q | 27 · LOW | Technology | Non-AI Tech & Hardware, Technology (Equal-Weight) | -24% |
| 14 |  FUN |
Six Flags Entertainment Corp | 2.1% | $89M | hold | +0% | — | 20 · LOW | Consumer Cyclical | — | -19% |
| 15 |  BTDR |
Bitdeer Technologies Group | 2.0% | $83M | new | — | 1q | 23 · LOW | Technology | AI Neoclouds & HPC Hosting | -15% |
| 16 |  RSP |
Invesco Exchange Traded Fd T | 0.9% | $38M | add | +28% | 2q | 26 · LOW | — | — | +5% |
| 17 |  CXM |
Sprinklr Inc | 0.8% | $34M | hold | +0% | — | 14 · LOW | Technology | — | +16% |
| 18 | AKAM |
Akamai Technologies Inc | 0.7% | $27M | new | — | 1q | 7 · LOW | Technology | Technology (Equal-Weight) | -19% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (10)
| TLN add |
11.9% | +7% |
| PRMB new |
7.8% | — |
| DKS add |
7.7% | -1% |
| CVNA add |
6.0% | -5% |
| WFRD new |
5.8% | -29% |
| GIL new |
5.5% | -3% |
| ON new |
2.9% | -24% |
| BTDR new |
2.0% | -15% |
| RSP add |
0.9% | +5% |
| AKAM new |
0.7% | -19% |
Rotated out of轮出 (10)
| SATS trim |
-42% | — |
| COHR trim |
-40% | -26% |
 ADMA exit |
-100% | +5% |
 CVS exit |
-100% | +12% |
 GTM exit |
-100% | -19% |
 HUT exit |
-100% | -2% |
 KVUE exit |
-100% | +11% |
 LYV exit |
-100% | +7% |
 REZI exit |
-100% | +25% |
 WBD exit |
-100% | -5% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。