Appian Way Asset Management LP
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.
Closest benchmark: the S&P SmallCap 600 as of 2025-09-30, active share 98.1%; sector active share 71.3% against the combined 13F book's sector weights.
Over time 23 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
29 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Portfolio Trend
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 31.2% | $174,304,213 |
| Energy | 15.1% | $84,255,860 |
| Unclassified | 14.3% | $79,846,800 |
| Consumer Defensive | 14.1% | $78,545,210 |
| Basic Materials | 11.9% | $66,154,126 |
| Consumer Cyclical | 11.8% | $66,121,967 |
| Technology | 1.4% | $7,797,818 |
| Healthcare | 0.2% | $986,555 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DAR | Darling Ingredients Inc. | +1,679,064 | 1,744,864 | $53,863,951 | |
| IAG | Iamgold Corp | +915,050 | 1,414,929 | $18,295,031 | |
| — | +555,540 | 1,258,601 | $44,491,545 | ||
| KEX | Kirby Corp | +520,535 | 675,546 | $56,374,313 | |
| PCT | PureCycle Technologies, Inc. | +459,676 | 4,315,655 | $56,750,863 | |
| GLNG | Golar Lng Ltd | +421,375 | 1,633,582 | $66,013,048 | |
| KNX | Knight-Swift Transportation Holdings Inc. | +109,023 | 255,978 | $10,113,690 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CC | Chemours Co | −2,890,685 | 922,656 | $14,614,871 | |
| AMCR | Amcor plc | −1,476,866 | 2,303,717 | $18,844,405 | |
| DRIO | DarioHealth Corp. | −1,224,018 | 56,862 | $986,555 | |
| ESI | Element Solutions Inc | −848,660 | 650,872 | $16,382,448 | |
| TH | Target Hospitality Corp. | −532,524 | 1,360,609 | $11,537,964 | |
| FTAI | FTAI Aviation Ltd. | −223,618 | 191,431 | $31,942,176 | |
| GXO | GXO Logistics, Inc. | −98,092 | 30,186 | $1,596,537 | |
| CORZ | Core Scientific, Inc. | −62,576 | 434,661 | $7,797,818 | |
| GEO | Geo Group Inc | −19,387 | 239,168 | $4,900,552 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CE | Celanese Corp | 224,589 | $9,450,705 | |
| NXE | NexGen Energy Ltd. | 1,055,403 | $9,445,856 | |
| SEI | Solaris Energy Infrastructure, Inc. | 116,740 | $4,666,097 | |
| JBS | Jbs N.V. | 310,681 | $4,638,467 | |
| OLN | OLIN Corp | 171,672 | $4,290,083 | |
| CCJ | Cameco Corp | 49,259 | $4,130,859 | |
| PKG | Packaging Corp Of America | 12,784 | $2,786,017 | |
| CALM | Cal-Maine Foods Inc | 19,442 | $1,829,492 | |
| FUL | Fuller H B Co | 29,675 | $1,759,134 | |
| JBHT | Hunt J B Transport Services Inc | 8,110 | $1,088,118 | |
| AXTA | Axalta Coating Systems Ltd. | 25,469 | $728,922 | |
| TROX | Tronox Holdings plc | 157,446 | $632,932 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SGML | Sigma Lithium Corp | 5,359,019 | $24,115,585 | |
| DY | Dycom Industries Inc | 28,435 | $6,949,229 | |
| MTZ | Mastec Inc | 32,147 | $5,478,813 | |
| FCX | Freeport-Mcmoran Inc | 93,167 | $4,038,789 | |
| CSL | Carlisle Companies Inc | 8,548 | $3,191,823 | |
| KTOS | Kratos Defense & Security Solutions, Inc. | 49,255 | $2,287,894 | |
| JBTM | JBT MAREL Corp | 16,600 | $1,996,316 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IWM |
iShares Russell 2000 ETF
PUT
|
NEW | 330,000 | $79,846,800 | 14.31% | |
| DAR |
Darling Ingredients Inc.
CALL
+ SHARES
Consumer Defensive
|
Added | 2,334,864 | $72,077,251 | 12.92% | |
| GLNG |
Golar Lng Ltd
Energy
|
Added | 1,633,582 | $66,013,048 | 11.83% | |
| PCT |
PureCycle Technologies, Inc.
Industrials
|
Added | 4,315,655 | $56,750,863 | 10.17% | |
| KEX |
Kirby Corp
Industrials
|
Added | 675,546 | $56,374,313 | 10.10% | |
|
|
Added | 1,258,601 | $44,491,545 | 7.97% | ||
| FTAI |
FTAI Aviation Ltd.
Industrials
|
Reduced | 191,431 | $31,942,176 | 5.72% | |
| AMCR |
Amcor plc
Consumer Cyclical
|
Reduced | 2,303,717 | $18,844,405 | 3.38% | |
| IAG |
Iamgold Corp
Basic Materials
|
Added | 1,414,929 | $18,295,031 | 3.28% | |
| ESI |
Element Solutions Inc
Basic Materials
|
Reduced | 650,872 | $16,382,448 | 2.94% | |
| CC |
Chemours Co
Basic Materials
|
Reduced | 922,656 | $14,614,871 | 2.62% | |
| TH |
Target Hospitality Corp.
Industrials
|
Reduced | 1,360,609 | $11,537,964 | 2.07% | |
| KNX |
Knight-Swift Transportation Holdings Inc.
Industrials
|
Added | 255,978 | $10,113,690 | 1.81% | |
| CE |
Celanese Corp
Basic Materials
|
NEW | 224,589 | $9,450,705 | 1.69% | |
| NXE |
NexGen Energy Ltd.
Energy
|
NEW | 1,055,403 | $9,445,856 | 1.69% | |
| CORZ |
Core Scientific, Inc.
Technology
|
Reduced | 434,661 | $7,797,818 | 1.40% | |
| GEO |
Geo Group Inc
Industrials
|
Reduced | 239,168 | $4,900,552 | 0.88% | |
| SEI |
Solaris Energy Infrastructure, Inc.
Energy
|
NEW | 116,740 | $4,666,097 | 0.84% | |
| JBS |
Jbs N.V.
Consumer Defensive
|
NEW | 310,681 | $4,638,467 | 0.83% | |
| OLN |
OLIN Corp
Basic Materials
|
NEW | 171,672 | $4,290,083 | 0.77% | |
| CCJ |
Cameco Corp
Energy
|
NEW | 49,259 | $4,130,859 | 0.74% | |
| PKG |
Packaging Corp Of America
Consumer Cyclical
|
NEW | 12,784 | $2,786,017 | 0.50% | |
| CALM |
Cal-Maine Foods Inc
Consumer Defensive
|
NEW | 19,442 | $1,829,492 | 0.33% | |
| FUL |
Fuller H B Co
Basic Materials
|
NEW | 29,675 | $1,759,134 | 0.32% | |
| GXO |
GXO Logistics, Inc.
Industrials
|
Reduced | 30,186 | $1,596,537 | 0.29% | |
| JBHT |
Hunt J B Transport Services Inc
Industrials
|
NEW | 8,110 | $1,088,118 | 0.19% | |
| DRIO |
DarioHealth Corp.
Healthcare
|
Reduced | 56,862 | $986,555 | 0.18% | |
| AXTA |
Axalta Coating Systems Ltd.
Basic Materials
|
NEW | 25,469 | $728,922 | 0.13% | |
| TROX |
Tronox Holdings plc
Basic Materials
|
NEW | 157,446 | $632,932 | 0.11% |
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.