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Incentive AS Portfolio holdings

AUM $71.3M
1-Year Est. Return 30.74%
This Fund
S&P 500
This Quarter Est. Return
-19.29%
1 Year Est. Return
-30.74%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$163M
AUM Growth
-$38.6M
Cap. Flow
+$803K
Cap. Flow %
0.49%
Top 10 Hldgs %
100%
Holding
2
New
–
Increased
1
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
SW
Smurfit Westrock
SW
+$1.37M

Top Sells

Rank Stock Value
1
NE icon
Noble Corp
NE
+$572K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 63.93%
2 Energy 36.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SW
1
Smurfit Westrock
SW
$25.3B
$104M 63.93%
2,312,540
+27,117
+1% +$1.37M
NE icon
2
Noble Corp
NE
$7.31B
$58.8M 36.07%
2,480,259
-19,993
-0.8% -$572K

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QEI
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RWA
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RRCP
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Incentive AS's Q1 2025 Portfolio in Review

As of Q1 2025, Incentive AS held 2 positions worth $163M, down 19% from $202M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q1 2025: portfolio turnover was 0%. Incentive AS opened no new positions and made no exits, leaving the 2-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 64% of assets, up from 61% a quarter earlier, followed by Energy.

  • Incentive AS added most to Smurfit Westrock in Q1 2025, an estimated $1.37M increase.
  • Incentive AS's biggest Q1 2025 reduction was Noble Corp, cutting an estimated $572K.
  • Incentive AS's ten largest holdings make up 100% of its $163M portfolio in Q1 2025.
  • Incentive AS opened 0 new positions and closed 0 in Q1 2025.
  • Incentive AS's portfolio value fell 19% quarter-over-quarter to $163M.

Based on Incentive AS's 13F filing for Q1 2025, filed 14 May 2025.