Sachem Head Capital Management LP
The positions Sachem Head Capital Management LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
What Sachem Head Capital Management LP wrote
Letters & Theses4 reviewed claims from Sachem Head Capital Management LP’s letters: what it argued, company by company, beside what it owns.
- Sachem Head's April 2022 letter to US Foods stockholders · 26 Apr 2022
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
Every reported position, Q2 2026
19 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Talen Energy Corp (TLN) CUSIP 87422Q109 | 11% | $526m | 1,370,000 | +$32m -177,500 shares | Trimmed |
| Seagate Technology Hldngs PL (STX) CUSIP G7997R103 | 9.5% | $456m | 472,000 | No earlier filing | New |
| Primo Brands Corporation (PRMB) Class A Common Shares · CUSIP 741623102 | 9.0% | $435m | 17,795,000 | +$113m +700,000 shares | Added |
| Performance Food Group Co (PFGC) CUSIP 71377A103 | 7.8% | $375m | 3,350,000 | +$88m 0 shares | Held |
| MKS Inc. (MKSI) CUSIP 55306N104 | 7.5% | $362m | 812,700 | No earlier filing | New |
| Dicks Sporting Goods Inc (DKS) CUSIP 253393102 | 7.0% | $338m | 1,490,000 | +$20m -115,000 shares | Trimmed |
| Carvana Co (CVNA) Class A · CUSIP 146869102 | 6.1% | $295m | 4,475,000 | +$46m +3,685,000 shares | Added |
| Sotera Health Co (SHC) CUSIP 83601L102 | 5.7% | $276m | 15,560,000 | +$109m +3,915,000 shares | Added |
| Celsius Hldgs Inc (CELH) CUSIP 15118V207 | 5.5% | $266m | 9,090,000 | No earlier filing | New |
| GDS Hldgs Ltd (GDS) Sponsored ADS · CUSIP 36165L108 | 5.4% | $261m | 8,685,000 | -$89m 0 shares | Held |
| Gildan Activewear Inc (GIL) CUSIP 375916103 | 3.9% | $188m | 3,640,000 | -$43m -500,000 shares | Trimmed |
| Golar LNG LTD (GLNG) CUSIP G9456A100 | 3.7% | $180m | 3,620,000 | No earlier filing | New |
| Bruker Corp (BRKR) CUSIP 116794108 | 3.6% | $175m | 2,915,000 | No earlier filing | New |
| STMicroelectronics N V (STM) NY Registry · CUSIP 861012102 | 3.4% | $165m | 2,200,000 | No earlier filing | New |
| Bitdeer Technologies Group (BTDR) Class A Ordinary Shares · CUSIP G11448100 | 3.2% | $153m | 9,635,000 | +$70m 0 shares | Held |
| Twilio Inc (TWLO) Class A · CUSIP 90138F102 | 2.7% | $128m | 620,000 | -$161m -1,675,000 shares | Trimmed |
| Six Flags Entertainment Corp (FUN) CUSIP 83001C108 | 2.2% | $107m | 5,030,000 | +$18m 0 shares | Held |
| Riot Platforms Inc (RIOT) CUSIP 767292105 | 1.6% | $78m | 2,865,000 | No earlier filing | New |
| Invesco Exchange Traded FD T S&P500 EQL WGT (RSP) CUSIP 46137V357 | 1.2% | $56m | 265,000 | +$19m +68,500 shares | Added |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $4.8bn | 19 | 74% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $4.2bn | 19 | 75% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 13 Feb 2026 | $4.3bn | 20 | 74% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $3.5bn | 19 | 77% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $3.2bn | 19 | 72% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $2.5bn | 16 | 78% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $1.8bn | 14 | 89% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $1.9bn | 14 | 88% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
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This manager, next quarter, and the week between
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