Catalyst Funds Management Portfolio holdings
Catalyst Funds Management is an Australian multi-strategy hedge fund that looks for price gaps and trades volatile stocks, often using short-dated options. Deepan Pavendranathan started it after leaving Regal in 2021, where he had co-run the Global Alpha Fund. The firm splits its work across three approaches: judgment calls by its investment team, computer-driven strategies, and fundamental research into company value.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bloom Energy
BE
|
+$60M |
| 2 |
Microsoft
MSFT
|
+$51.8M |
| 3 |
Apple
AAPL
|
+$51.4M |
| 4 |
Intel
INTC
|
+$48.5M |
| 5 |
Eli Lilly
LLY
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rio Tinto
RIO
|
+$16.4M |
| 2 |
Arm
ARM
|
+$13.6M |
| 3 |
Teradyne
TER
|
+$7.42M |
| 4 |
TechnipFMC
FTI
|
+$7.05M |
| 5 |
Revolution Medicines
RVMD
|
+$6.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39% |
| 2 | Industrials | 17.42% |
| 3 | Healthcare | 11.46% |
| 4 | Financials | 9.05% |
| 5 | Consumer Discretionary | 5.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Flex
FLEX
$25.8B
| $7.99M | 0.45% |
+49,312
| New | +$5.98M |
2026 Q2
0 quarters
|
|
52
Lam Research
LRCX
$251B
| $7.89M | 0.44% |
+18,202
| New | +$5.53M |
2026 Q2
0 quarters
|
|
53
eBay
EBAY
$53.5B
| $7.82M | 0.44% |
69,934
+24,736
| +55% | +$2.64M |
2025 Q1
5 quarters
|
|
54
Broadcom
AVGO
$1.4T
| $7.66M | 0.43% |
20,280
+6,760
| +50% | +$2.71M |
2025 Q3
3 quarters
|
|
55
Ferguson
FERG
$45.2B
| $7.57M | 0.42% |
31,890
+19,601
| +160% | +$4.73M |
2025 Q2
4 quarters
|
|
56
Hilton Worldwide
HLT
$82.4B
| $7.46M | 0.42% |
22,560
+20,186
| +850% | +$6.63M |
2025 Q3
3 quarters
|
|
57
GlobalFoundries
GFS
$21.5B
| $7.45M | 0.42% |
90,398
+46,698
| +107% | +$3.26M |
2025 Q4
2 quarters
|
|
58
Caterpillar
CAT
$256B
| $7.33M | 0.41% |
+6,880
| New | +$6.04M |
2026 Q2
0 quarters
|
|
59
Madrigal Pharmaceuticals
MDGL
$9.28B
| $7.28M | 0.41% |
13,561
+12,948
| +2,112% | +$6.63M |
2026 Q1
1 quarter
|
|
60
Costco
COST
$467B
| $7.22M | 0.4% |
+7,720
| New | +$7.69M |
2026 Q2
0 quarters
|
|
61
Planet Labs
PL
$4.57B
| $7.21M | 0.4% |
+217,600
| New | +$8.04M |
2026 Q2
0 quarters
|
|
62
Booking.com
BKNG
$119B
| $7.11M | 0.4% |
39,911
+38,186
| +2,214% | +$6.51M |
2026 Q1
1 quarter
|
|
63
BridgeBio Pharma
BBIO
$14.5B
| $7.02M | 0.39% |
+94,300
| New | +$6.6M |
2026 Q2
0 quarters
|
|
64
TeraWulf
WULF
$5.67B
| $6.99M | 0.39% |
+283,100
| New | +$6.51M |
2026 Q2
0 quarters
|
|
65
Goldman Sachs
GS
$250B
| $6.88M | 0.39% |
+6,800
| New | +$6.63M |
2026 Q2
0 quarters
|
|
66
GE Aerospace
GE
$335B
| $6.88M | 0.39% |
18,401
+11,977
| +186% | +$3.75M |
2026 Q1
1 quarter
|
|
67
KLA
KLAC
$180B
| $6.86M | 0.38% |
+22,746
| New | +$4.52M |
2026 Q2
0 quarters
|
|
68
Cheniere Energy
LNG
$56.8B
| $6.82M | 0.38% |
28,555
+5,145
| +22% | +$1.28M |
2024 Q4
6 quarters
|
|
69
Hecla Mining
HL
$9.9B
| $6.74M | 0.38% |
437,100
+336,000
| +332% | +$5.9M |
2025 Q2
4 quarters
|
|
70
Affirm
AFRM
$23B
| $6.6M | 0.37% |
80,973
+40,373
| +99% | +$2.64M |
2024 Q3
7 quarters
|
|
71
Quanta Services
PWR
$81.5B
| $6.6M | 0.37% |
9,160
+8,519
| +1,329% | +$5.82M |
2026 Q1
1 quarter
|
|
72
Powell Industries
POWL
$4.85B
| $6.53M | 0.37% |
+22,800
| New | +$6.19M |
2026 Q2
0 quarters
|
|
73
Dell
DELL
$209B
| $6.45M | 0.36% |
14,950
+11,050
| +283% | +$3.2M |
2026 Q1
1 quarter
|
|
74
Kratos Defense & Security Solutions
KTOS
$6.61B
| $6.44M | 0.36% |
129,101
+118,603
| +1,130% | +$7.17M |
2025 Q3
3 quarters
|
|
75
Citigroup
C
$197B
| $6.38M | 0.36% |
45,600
+18,025
| +65% | +$2.35M |
2025 Q3
3 quarters
|
|
Similar funds
Catalyst Funds Management's Q2 2026 Portfolio in Review
As of Q2 2026, Catalyst Funds Management held 940 positions worth $1.78B, up 202% from $591M the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Catalyst Funds Management deployed $1.05B of net new capital in Q2 2026, opening 356 new positions and adding to 176 existing holdings. Its largest new stake was Bloom Energy: 234,250 shares worth $70.9M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 23% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Sunbelt Rentals Holdings, an estimated $5.51M trimmed.
- Catalyst Funds Management's largest Q2 2026 buy was Bloom Energy: 234,250 shares worth $70.9M.
- Catalyst Funds Management added most to Apple in Q2 2026, an estimated $51.4M increase.
- Catalyst Funds Management's biggest Q2 2026 reduction was Sunbelt Rentals Holdings, cutting an estimated $5.51M.
- Catalyst Funds Management fully exited Rio Tinto in Q2 2026, selling an estimated $16.4M.
- Catalyst Funds Management's ten largest holdings make up 24% of its $1.78B portfolio in Q2 2026.
- Catalyst Funds Management opened 356 new positions and closed 297 in Q2 2026.
- Catalyst Funds Management's portfolio value rose 202% quarter-over-quarter to $1.78B.
Based on Catalyst Funds Management's 13F filing for Q2 2026, filed 10 Aug 2026.