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DAM

Decagon Asset Management Portfolio holdings

AUM $386M
1-Year Est. Return 45.42%
This Fund
S&P 500
This Quarter Est. Return
+7.31%
1 Year Est. Return
+45.42%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$139M
AUM Growth
-$79.9M
Cap. Flow
-$104M
Cap. Flow %
-74.54%
Top 10 Hldgs %
80.4%
Holding
62
New
17
Increased
18
Reduced
7
Closed
18

Top Buys

Rank Stock Value
1
AZEK
The AZEK Co
AZEK
+$14.5M
2
RAC.U
Rithm Acquisition Corp Units
RAC.U
+$9.1M
3
CEPO
Cantor Equity Partners I
CEPO
+$4.1M
4
RNW icon
ReNew
RNW
+$3.25M
5
SGRY icon
Surgery Partners
SGRY
+$2.72M

Top Sells

Rank Stock Value
1
ESGR
Enstar Group
ESGR
+$32.6M
2
SMAR
Smartsheet Inc.
SMAR
+$24.2M
3
AGS
PlayAGS
AGS
+$17.2M
4
K
Kellanova
K
+$10.1M
5
ATSG
Air Transport Services Group
ATSG
+$10.1M

Sector Composition

Rank Sector Weight
1 Energy 28.69%
2 Financials 20.78%
3 Industrials 10.73%
4 Healthcare 3.9%
5 Utilities 2.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OACCW
26
Oaktree Acquisition Corp III Life Sciences Warrant
OACCW
$3.68M
$136K 0.1%
181,442
-544
-0.3% -$413
CCIRW
27
DELISTED
Cohen Circle Acquisition Corp. I Warrant
CCIRW
$111K 0.08%
+61,747
New +$79.7K
KDKRW
28
Kodiak AI Warrants
KDKRW
$110K 0.08%
378,275
+5,880
+2% +$1.02K
RANGR
29
Range Capital Acquisition Corp Rights
RANGR
$106K 0.08%
+624,155
New +$126K
POLEW
30
Andretti Acquisition Corp II Warrant
POLEW
$88.5K 0.06%
492,294
+4,819
+1% +$752
KFIIR
31
K&F Growth Acquisition Corp II Rights
KFIIR
$75K 0.05%
+625,346
New +$76.6K
LZM.WS icon
32
Lifezone Metals Ltd Warrants
LZM.WS
$71K 0.05%
154,275
-532,167
-78% -$350K
SVIIR
33
DELISTED
Spring Valley Acquisition Corp II Rights
SVIIR
$67.5K 0.05%
696,331
+6,815
+1% +$592
LEGT.WS
34
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$47.4K 0.03%
245,604
+2,404
+1% +$467
IBACR
35
IB Acquisition Corp Right
IBACR
$34.5K 0.02%
459,411
+4,496
+1% +$296
FTW.WS
36
Presidio Production Co Warrants
FTW.WS
$33.3K 0.02%
100,988
+988
+1% +$363
BACQR
37
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
$27.4K 0.02%
151,483
+1,483
+1% +$284
ESHAR
38
DELISTED
ESH Acquisition Corp Right
ESHAR
$25.8K 0.02%
303,674
+2,972
+1% +$271
MLACR
39
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
$23.6K 0.02%
+128,390
New +$24.6K
CAPNR
40
Cayson Acquisition Corp Right
CAPNR
$15.7K 0.01%
100,989
+989
+1% +$137
FVNNR
41
Future Vision II Acquisition Corp Right
FVNNR
$4.85K ﹤0.01%
30,296
+296
+1% +$40
CDTTW
42
CDT Equity Inc Warrant
CDTTW
$1.56M
$3.68K ﹤0.01%
400,000
– –
HYAC.WS
43
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
$3.42K ﹤0.01%
16,349
+160
+1% +$30
ALCYW
44
DELISTED
Alchemy Investments Acquisition Corp 1 Warrants
ALCYW
$1.45K ﹤0.01%
13,179
+129
+1% +$14
ESGR
45
DELISTED
Enstar Group
ESGR
– –
-101,271
Closed -$32.6M
K
46
DELISTED
Kellanova
K
– –
-125,042
Closed -$10.1M
SPR
47
DELISTED
Spirit AeroSystems
SPR
– –
-215,707
Closed -$7.37M
MLACU
48
DELISTED
Mountain Lake Acquisition Corp Units
MLACU
– –
-127,801
Closed -$1.28M
ANNAW
49
AleAnna Inc Warrant
ANNAW
$8.77M
– –
-500,000
Closed -$70K
RANGU
50
Range Capital Acquisition Corp Units
RANGU
– –
-618,046
Closed -$6.21M
1
2
3

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THC
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SCP
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GAG
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VI
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LHC
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GA
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DC
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GCP
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Decagon Asset Management's Q1 2025 Portfolio in Review

As of Q1 2025, Decagon Asset Management held 62 positions worth $139M, down 36% from $219M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Decagon Asset Management withdrew a net $104M in Q1 2025, closing 18 positions and reducing 7 holdings. Its most notable exit was Enstar Group, an estimated $32.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 18% a quarter earlier, followed by Financials and Industrials.

Against the trend, Decagon Asset Management opened a new position in The AZEK Co worth $15M.

  • Decagon Asset Management's largest Q1 2025 buy was The AZEK Co: 305,835 shares worth $15M.
  • Decagon Asset Management added most to Hess in Q1 2025, an estimated $1.35M increase.
  • Decagon Asset Management's biggest Q1 2025 reduction was PlayAGS, cutting an estimated $17.2M.
  • Decagon Asset Management fully exited Enstar Group in Q1 2025, selling an estimated $32.6M.
  • Decagon Asset Management's ten largest holdings make up 80% of its $139M portfolio in Q1 2025.
  • Decagon Asset Management opened 17 new positions and closed 18 in Q1 2025.
  • Decagon Asset Management's portfolio value fell 36% quarter-over-quarter to $139M.

Based on Decagon Asset Management's 13F filing for Q1 2025, filed 15 May 2025.