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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
-1.34%
1 Year Est. Return
-30.74%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$86.1M
AUM Growth
-$14.1M
Cap. Flow
-$13.6M
Cap. Flow %
-15.77%
Top 10 Hldgs %
100%
Holding
1
New
–
Increased
–
Reduced
1
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
SW
Smurfit Westrock
SW
+$13.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SW
1
Smurfit Westrock
SW
$25.3B
$86.1M 100%
2,022,540
-300,000
-13% -$13.6M

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Incentive AS's Q3 2025 Portfolio in Review

As of Q3 2025, Incentive AS held 1 position worth $86.1M, down 14% from $100M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Incentive AS withdrew a net $13.6M in Q3 2025, reducing 1 holding. Its largest reduction was Smurfit Westrock, cutting an estimated $13.6M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 100% of assets, unchanged from a quarter earlier.

  • Incentive AS's biggest Q3 2025 reduction was Smurfit Westrock, cutting an estimated $13.6M.
  • Incentive AS's ten largest holdings make up 100% of its $86.1M portfolio in Q3 2025.
  • Incentive AS opened 0 new positions and closed 0 in Q3 2025.
  • Incentive AS's portfolio value fell 14% quarter-over-quarter to $86.1M.

Based on Incentive AS's 13F filing for Q3 2025, filed 31 Oct 2025.