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AWAM
Appian Way Asset Management Portfolio holdings
AUM
$558M
Turnover
58.54%
1-Year Est. Return
1.95%
This Fund
S&P 500
This Quarter Est. Return
+3.65%
1 Year Est. Return
+1.95%
3 Year Est. Return
+49.43%
5 Year Est. Return
+85.94%
10 Year Est. Return
–
AUM
$558M
AUM Growth
+$106M
(+23%)
Cap. Flow
+$39.5M
Cap. Flow % of AUM
Cap. Flow %
7.08%
Top 10 Holdings %
Top 10 Hldgs %
79.68%
Holding
41
New
13
Increased
7
Reduced
10
Closed
11
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darling Ingredients
DAR
|
+$56.1M |
| 2 |
Kirby Corp
KEX
|
+$52.3M |
| 3 |
Sealed Air
SEE
|
+$17.7M |
| 4 |
Golar LNG
GLNG
|
+$17.4M |
| 5 |
Celanese
CE
|
+$11.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chemours
CC
|
+$41.9M |
| 2 |
FTAI Aviation
FTAI
|
+$31.8M |
| 3 |
Sigma Lithium
SGML
|
+$24.1M |
| 4 |
Element Solutions
ESI
|
+$21.2M |
| 5 |
Amcor
AMCR
|
+$13.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 31.24% |
| 2 | Miscellaneous | 17.57% |
| 3 | Energy | 15.1% |
| 4 | Materials | 11.86% |
| 5 | Consumer Discretionary | 11.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$77.8B
| $79.8M | 14.31% |
+330,000
| New | +$75.7M |
2025 Q3
0 quarters
|
|
|
2
Golar LNG
GLNG
$4.58B
| $66M | 11.83% |
1,633,582
+421,375
| +35% | +$17.4M |
2024 Q3
4 quarters
|
|
3
PureCycle Technologies
PCT
$587M
| $56.8M | 10.17% |
4,315,655
+459,676
| +12% | +$6.39M |
2023 Q4
7 quarters
|
|
|
4
Kirby Corp
KEX
$7.2B
| $56.4M | 10.1% |
675,546
+520,535
| +336% | +$52.3M |
2025 Q2
1 quarter
|
|
|
5
Darling Ingredients
DAR
$9.42B
| $53.9M | 9.65% |
1,744,864
+1,679,064
| +2,552% | +$56.1M |
2025 Q2
1 quarter
|
|
|
6
DELISTED
Sealed Air
SEE
| $44.5M | 7.97% |
1,258,601
+555,540
| +79% | +$17.7M |
2024 Q1
6 quarters
|
|
|
7
FTAI Aviation
FTAI
$16.8B
| $31.9M | 5.72% |
191,431
-223,618
| -54% | -$31.8M |
2024 Q4
3 quarters
|
|
|
8
Amcor
AMCR
$20.3B
| $18.8M | 3.38% |
460,743
-295,374
| -39% | -$13.2M |
2024 Q4
3 quarters
|
|
9
IAMGOLD
IAG
$10.2B
| $18.3M | 3.28% |
1,414,929
+915,050
| +183% | +$8.01M |
2025 Q2
1 quarter
|
|
|
10
CALL
Darling Ingredients
DAR
$9.42B
| $18.2M | 3.26% |
590,000
-140,000
| -19% | -$4.68M |
2025 Q2
1 quarter
|
|
|
11
Element Solutions
ESI
$8.71B
| $16.4M | 2.94% |
650,872
-848,660
| -57% | -$21.2M |
2024 Q3
4 quarters
|
|
|
12
Chemours
CC
$1.9B
| $14.6M | 2.62% |
922,656
-2,890,685
| -76% | -$41.9M |
2024 Q3
4 quarters
|
|
13
Target Hospitality
TH
$1.5B
| $11.5M | 2.07% |
1,360,609
-532,524
| -28% | -$4.39M |
2025 Q1
2 quarters
|
|
14
Knight Transportation
KNX
$10.3B
| $10.1M | 1.81% |
255,978
+109,023
| +74% | +$4.72M |
2025 Q1
2 quarters
|
|
|
15
Celanese
CE
$5.25B
| $9.45M | 1.69% |
+224,589
| New | +$11.2M |
2025 Q3
0 quarters
|
|
16
NexGen Energy
NXE
$5.7B
| $9.45M | 1.69% |
+1,055,403
| New | +$7.78M |
2025 Q3
0 quarters
|
|
17
Core Scientific
CORZ
$4.41B
| $7.8M | 1.4% |
434,661
-62,576
| -13% | -$918K |
2025 Q1
2 quarters
|
|
18
The GEO Group
GEO
$3.66B
| $4.9M | 0.88% |
239,168
-19,387
| -7% | -$443K |
2024 Q4
3 quarters
|
|
19
Solaris Energy Infrastructure
SEI
$4.33B
| $4.67M | 0.84% |
+116,740
| New | +$3.65M |
2025 Q3
0 quarters
|
|
20
JBS N.V.
JBS
$42.4B
| $4.64M | 0.83% |
+310,681
| New | +$4.53M |
2025 Q3
0 quarters
|
|
21
Olin
OLN
$1.73B
| $4.29M | 0.77% |
+171,672
| New | +$3.81M |
2025 Q3
0 quarters
|
|
22
Cameco
CCJ
$35.1B
| $4.13M | 0.74% |
+49,259
| New | +$3.82M |
2025 Q3
0 quarters
|
|
23
Packaging Corp of America
PKG
$21.1B
| $2.79M | 0.5% |
+12,784
| New | +$2.64M |
2025 Q3
0 quarters
|
|
24
Cal-Maine
CALM
$2.9B
| $1.83M | 0.33% |
+19,442
| New | +$2.08M |
2025 Q3
0 quarters
|
|
25
H.B. Fuller
FUL
$2.75B
| $1.76M | 0.32% |
+29,675
| New | +$1.78M |
2025 Q3
0 quarters
|
|
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Appian Way Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Appian Way Asset Management held 41 positions worth $558M, up 23% from $452M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Appian Way Asset Management deployed $39.5M of net new capital in Q3 2025, opening 13 new positions and adding to 7 existing holdings. Its largest new stake was Celanese: 224,589 shares worth $9.45M.
By sector, the portfolio is most concentrated in Industrials at 31% of assets, down from 38% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Chemours, an estimated $41.9M trimmed.
- Appian Way Asset Management's largest Q3 2025 buy was Celanese: 224,589 shares worth $9.45M.
- Appian Way Asset Management added most to Darling Ingredients in Q3 2025, an estimated $56.1M increase.
- Appian Way Asset Management's biggest Q3 2025 reduction was Chemours, cutting an estimated $41.9M.
- Appian Way Asset Management fully exited Sigma Lithium in Q3 2025, selling an estimated $24.1M.
- Appian Way Asset Management's ten largest holdings make up 80% of its $558M portfolio in Q3 2025.
- Appian Way Asset Management opened 13 new positions and closed 11 in Q3 2025.
- Appian Way Asset Management's portfolio value rose 23% quarter-over-quarter to $558M.
Based on Appian Way Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.