Incentive AS
Filing Date
Global Rank
#6,250
/ 8,420
▼ 424
Top Industry
Packaging & Containers
100.0%
3Y Alpha vs SPY
-34.2%
Period ended 5 months ago
Filed Feb 12, 2026 · 4mo
9 quarters · since Dec 2023
Clone Performance
Feb 2024–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-30.0%
SPY
+52.9%
Annualised alpha
-34.2%
Max drawdown
−55.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
1 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
100.0%
0.0 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
10,000
Highly concentrated0
Portfolio Trend
9 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 100.0% | $71,292,940 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SW | Smurfit Westrock plc | −178,916 | 1,843,624 | $71,292,940 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
1 positions ·
$71,292,940 total
· as of Dec 31, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SW |
Smurfit Westrock plc
Consumer Cyclical
|
Reduced | 1,843,624 | $71,292,940 | 100.00% |