Ulysses Management LLC
CIK
1510912
Location
New York, NY
Portfolio Value
Small
$798,331,643
Diversification
Highly concentrated
Filing Date
Global Rank
#2,011
/ 8,622
▲ 552
· as of Mar 2026
Top Industry
Medical Distribution
20.7%
3Y Alpha vs SPY
-12.3%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Ulysses Management LLC's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
47% that is ordinary stock — as little as
31% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+21.8%
SPY
+67.9%
Annualised alpha
-12.0%
Max drawdown
−24.2%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 47% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
30 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
57.0%
+36.2 pts
Top 5
83.9%
+21.3 pts
Top 10
93.9%
+10.5 pts
HHI
3,470
Highly concentrated+2,441
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 59.7% | $476,210,865 |
| Technology | 16.3% | $129,832,080 |
| Consumer Cyclical | 11.5% | $92,185,782 |
| Healthcare | 8.7% | $69,133,014 |
| Financial Services | 2.5% | $19,561,444 |
| Communication Services | 0.7% | $5,478,858 |
| Basic Materials | 0.4% | $3,414,650 |
| Industrials | 0.3% | $2,514,950 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | +677,500 | 700,000 | $455,238,000 | |
| SSYS | Stratasys Ltd. | +480,000 | 555,000 | $4,334,550 | |
| HSIC | Henry Schein Inc | +45,500 | 904,758 | $66,680,664 | |
| NTB | Bank of N.T. Butterfield & Son Ltd | +7,500 | 37,500 | $1,968,000 | |
| GLD | Spdr Gold Trust | +5,500 | 8,500 | $3,657,465 | |
| USB | US Bancorp De | +5,000 | 30,000 | $1,560,300 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
12 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BALL | BALL Corp | −470,000 | 540,000 | $31,919,400 | |
| TRMB | Trimble Inc. | −274,798 | 70,000 | $4,566,100 | |
| AMZN | Amazon Com Inc | −205,000 | 277,500 | $57,794,925 | |
| AAPL | Apple Inc. | −32,500 | 30,000 | $7,613,700 | |
| UBER | Uber Technologies, Inc | −32,200 | 271,700 | $19,543,381 | |
| ANGI | Angi Inc. | −25,000 | 547,956 | $3,753,498 | |
| EMBJ | Embraer S.A. | −17,500 | 32,500 | $1,928,550 | |
| FCX | Freeport-Mcmoran Inc | −10,000 | 25,000 | $1,469,500 | |
| JPM | Jpmorgan Chase & Co | −9,000 | 13,000 | $3,824,080 | |
| MSFT | Microsoft Corp | −3,907 | 156,867 | $58,067,457 | |
| GS | Goldman Sachs Group Inc | −1,500 | 3,000 | $2,537,970 | |
| GOOGL | Alphabet Inc. | −500 | 6,000 | $1,725,360 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
4 positions
Sold Out
Positions the filer fully exited
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CSGP | Costar Group, Inc. | 330,500 | $22,222,820 | |
| UNF | Unifirst Corp | 51,241 | $9,884,388 | |
| PPLI | People Inc | 206,129 | $8,059,643 | |
| TEAM | Atlassian Corp | 20,000 | $3,242,800 | |
| GEV | GE Vernova Inc. | 2,500 | $1,633,925 | |
| WBS | Webster Financial Corp | 20,000 | $1,258,800 | |
| AXP | American Express Co | 3,000 | $1,109,850 | |
| ASML | Asml Holding NV | 1,000 | $1,069,860 | |
| APO | Apollo Global Management, Inc. | 5,000 | $723,800 | |
| DHR | Danaher Corp /De/ | 3,000 | $686,760 | |
| BLND | Blend Labs, Inc. | 25,800 | $78,432 | |
| No positions match the current search. | ||||
30 tracked positions ·
$798,331,643 total
· filing declares
35 positions · $802,202,096
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
|
Added | 700,000 | $455,238,000 | 57.02% | |
| HSIC |
Henry Schein Inc
CALL
+ SHARES
Healthcare
|
Added | 904,758 | $66,680,664 | 8.35% | |
| MSFT |
Microsoft Corp
PUT
+ SHARES
Technology
|
Reduced | 156,867 | $58,067,457 | 7.27% | |
| AMZN |
Amazon Com Inc
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 277,500 | $57,794,925 | 7.24% | |
| BALL |
BALL Corp
Consumer Cyclical
|
Reduced | 540,000 | $31,919,400 | 4.00% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
CALL
Technology
|
Held | 82,500 | $27,880,875 | 3.49% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 271,700 | $19,543,381 | 2.45% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
|
NEW | 30,000 | $17,315,400 | 2.17% | |
| SMWB |
Similarweb Ltd.
Technology
|
Held | 2,998,474 | $7,826,017 | 0.98% | |
| AAPL |
Apple Inc.
CALL
Technology
|
Reduced | 30,000 | $7,613,700 | 0.95% | |
| DCOM |
Dime Commercial Bancshares, Inc. /NY/
Financial Services
|
Held | 224,441 | $7,590,594 | 0.95% | |
| TRMB |
Trimble Inc.
Technology
|
Reduced | 70,000 | $4,566,100 | 0.57% | |
| SSYS |
Stratasys Ltd.
Technology
|
Added | 555,000 | $4,334,550 | 0.54% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 13,000 | $3,824,080 | 0.48% | |
| ANGI |
Angi Inc.
Communication Services
|
Reduced | 547,956 | $3,753,498 | 0.47% | |
| GLD |
Spdr Gold Trust
|
Added | 8,500 | $3,657,465 | 0.46% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 3,000 | $2,537,970 | 0.32% | |
| PACK |
Ranpak Holdings Corp.
Consumer Cyclical
|
Held | 692,285 | $2,471,457 | 0.31% | |
| NTB |
Bank of N.T. Butterfield & Son Ltd
Financial Services
|
Added | 37,500 | $1,968,000 | 0.25% | |
| EMBJ |
Embraer S.A.
Industrials
|
Reduced | 32,500 | $1,928,550 | 0.24% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 6,000 | $1,725,360 | 0.22% | |
| USB |
US Bancorp De
Financial Services
|
Added | 30,000 | $1,560,300 | 0.20% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Held | 3,000 | $1,474,590 | 0.18% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Reduced | 25,000 | $1,469,500 | 0.18% | |
| B |
Barrick Mining Corp
Basic Materials
|
Held | 35,000 | $1,427,650 | 0.18% | |
| RKT |
Rocket Companies, Inc.
Financial Services
|
NEW | 100,000 | $1,425,000 | 0.18% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Held | 4,000 | $977,760 | 0.12% | |
| PFSI |
PennyMac Financial Services, Inc.
Financial Services
|
NEW | 7,500 | $655,500 | 0.08% | |
| KRNT |
Kornit Digital Ltd.
Industrials
|
Held | 40,000 | $586,400 | 0.07% | |
| TECK |
Teck Resources Ltd
Basic Materials
|
NEW | 10,000 | $517,500 | 0.06% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.