Flat Footed LLC

Registered adviser

CIK

1799456

Location

WILSON, WY

Portfolio Value

Mid $1,306,649,532

Diversification

Diversified

Filing Date

Global Rank

#2,104 / 8,817 ▲ 289

Top Industry

Banks - Diversified 25.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 291593

Roster of Oct 1, 2026

Regulatory AUM

$2,059,486,084

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

10 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$2,059,486,083 gross assets

LEI

549300RE14B4V8H4OM50

Private funds on Schedule D 7.B.(1)

As filed Mar 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$667,008,598 gross assets in 6 funds Hedge funds $591,833,005 (3) Private equity funds $45,315,451 (1) Other private funds $29,860,142 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
May 2026 to Oct 2026	$2,059,486,084	Pooled investment vehicles (100%)
Apr 2026	$2,059,486,084	Pooled investment vehicles (100%)
Feb 2026 to Mar 2026	$1,032,399,666	Pooled investment vehicles (100%)
Apr 2025 to Jan 2026	$1,032,399,666	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$869,628,401	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$691,249,000	Pooled investment vehicles (100%)

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.9% of the book (60%+)

Turnover

Medium turnover

35.7% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 9.8 quarters (4 to under 12)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.4%; sector active share 81.8% against the combined 13F book's sector weights.

Over time 19 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 backtest

Portfolio Concentration

41 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.7%

−7.0 pts

Top 5

52.5%

−3.1 pts

Top 10

72.1%

−0.9 pts

HHI

783

Diversified−244

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Real Estate	29.9%	$390,130,025	9
Financial Services	22.9%	$299,355,525	6
Unclassified	18.1%	$236,620,467	4
Consumer Cyclical	13.1%	$171,225,171	6
Energy	10.7%	$140,364,499	6
Healthcare	2.4%	$31,880,602	2
Industrials	1.5%	$19,498,231	3
Basic Materials	0.8%	$10,051,552	2
Consumer Defensive	0.6%	$7,523,460	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
SVC	Service Properties Trust	+50,159,957	51,012,447	$86,211,035
GRFS	Grifols SA	+2,977,314	4,349,708	$30,795,932
CNR	Core Natural Resources, Inc.	+1,120,797	1,165,762	$93,284,275
HHH	Howard Hughes Holdings Inc.	+405,130	620,418	$44,353,682
TK	Teekay Corp Ltd	+146,149	1,768,915	$17,689,150
RMR	Rmr Group Inc.	+58,768	861,507	$17,686,738
SMC	Summit Midstream Corp	+34,239	158,517	$4,514,564
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
IAUX	i-80 Gold Corp.	−3,734,776	1,807,864	$2,603,324
ILPT	Industrial Logistics Properties Trust	−1,063,896	371,191	$3,292,464
SEVN	Seven Hills Realty Trust	−350,149	83,043	$700,052
ASC	Ardmore Shipping Corp	−55,831	948,865	$13,293,598
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
FISV	Fiserv Inc	240,000	$11,772,000
RIG	Transocean Ltd.	1,603,778	$7,842,474
EQT	EQT Corp	145,000	$7,709,650
FMC	Fmc Corp	647,672	$7,448,228
SMHI	SEACOR Marine Holdings Inc.	683,777	$5,230,894
BTU	Peabody Energy Corp	74,502	$1,722,486
OBIO	Orchestra BioMed Holdings, Inc.	251,372	$1,084,670
PANL	Pangaea Logistics Solutions Ltd.	149,806	$973,739
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
BKD	Brookdale Senior Living Inc.	2,391,526	$32,716,075
CVEO	Civeo Corp	347,240	$9,187,970
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

41 tracked positions · $1,306,649,532 total · filing declares 43 positions · $1,307,275,206 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DHC	Diversified Healthcare Trust Real Estate	Held	23,487,002	0	$218,429,118	+40.1%	19	before history	16.72%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT	Reduced	2,210,000	-400,700	$176,733,700	−14.9%	—	—	13.53%
CNR	Core Natural Resources, Inc. CALL + SHARES Energy	Added	1,260,762	+1,120,797	$100,886,175	+588.2%	6	$88.12	7.72%
SVC	Service Properties Trust Real Estate	Added	51,012,447	+50,159,957	$86,211,035	+7335.9%	4	$1.59	6.60%
RY	Royal Bank Of Canada PUT Financial Services	Added	385,000	+85,000	$79,683,450	+64.2%	—	—	6.10%
CM	Canadian Imperial Bank Of Commerce PUT Financial Services	Added	582,500	+130,000	$66,987,500	+56.2%	—	—	5.13%
TD	Toronto Dominion Bank PUT Financial Services	Added	462,500	+160,000	$56,161,375	+99.0%	—	—	4.30%
MAR	Marriott International Inc PUT Consumer Cyclical	Held	121,900	0	$45,174,921	+13.3%	—	—	3.46%
BMO	Bank Of Montreal PUT Financial Services	Added	252,000	+82,500	$44,528,400	+94.1%	—	—	3.41%
HHH	Howard Hughes Holdings Inc. Real Estate	Added	620,418	+405,130	$44,353,682	+225.7%	2	$68.49	3.39%
CVNA	Carvana Co. PUT Consumer Cyclical	Added	618,000	+545,400	$40,676,760	+78.2%	—	—	3.11%
HLT	Hilton Worldwide Holdings Inc. PUT Consumer Cyclical	Held	115,500	0	$38,168,130	+8.7%	—	—	2.92%
AFRM	Affirm Holdings, Inc. PUT Financial Services	NEW	390,000	NEW	$31,804,500	NEW	—	—	2.43%
GRFS	Grifols SA Healthcare	Added	4,349,708	+2,977,314	$30,795,932	+179.8%	6	$7.87	2.36%
KIE	State Street(R) SPDR(R) S&P(R) Insurance ETF PUT	Added	403,300	+105,700	$24,597,267	+50.3%	—	—	1.88%
IYR	iShares U.S. Real Estate ETF PUT	Added	230,000	+120,000	$23,517,500	+126.1%	—	—	1.80%
RCL	Royal Caribbean Cruises Ltd PUT Consumer Cyclical	Reduced	72,000	-17,500	$22,862,160	−7.2%	—	—	1.75%
BNS	Bank Of Nova Scotia PUT Financial Services	NEW	232,500	NEW	$20,190,300	NEW	—	—	1.55%
TK	Teekay Corp Ltd Energy	Added	1,768,915	+146,149	$17,689,150	−10.7%	5	$8.17	1.35%
RMR	Rmr Group Inc. Real Estate	Added	861,507	+58,768	$17,686,738	+42.4%	6	$15.52	1.35%
MGM	MGM Resorts International PUT Consumer Cyclical	Held	360,000	0	$17,211,600	+29.2%	—	—	1.32%
ASC	Ardmore Shipping Corp Industrials	Reduced	948,865	-55,831	$13,293,598	−13.2%	5	$10.93	1.02%
FISV	Fiserv Inc	NEW	240,000	NEW	$11,772,000	NEW	1	$55.89	0.90%
WELL	Welltower Inc. PUT Real Estate	Held	41,300	0	$9,373,861	+14.8%	—	—	0.72%
RIG	Transocean Ltd. Energy	NEW	1,603,778	NEW	$7,842,474	NEW	1	$6.25	0.60%
EQT	EQT Corp Energy	NEW	145,000	NEW	$7,709,650	NEW	1	$56.11	0.59%
FMC	Fmc Corp Basic Materials	NEW	647,672	NEW	$7,448,228	NEW	1	$13.95	0.57%
VAC	MARRIOTT VACATIONS WORLDWIDE Corp PUT Consumer Cyclical	NEW	70,000	NEW	$7,131,600	NEW	—	—	0.55%
PFGC	Performance Food Group Co PUT Consumer Defensive	Reduced	55,000	-45,000	$6,148,450	−28.2%	—	—	0.47%
VTR	Ventas, Inc. PUT Real Estate	Held	66,500	0	$5,905,200	+8.6%	—	—	0.45%
SMHI	SEACOR Marine Holdings Inc. Industrials	NEW	683,777	NEW	$5,230,894	NEW	1	$7.42	0.40%
SMC	Summit Midstream Corp Energy	Added	158,517	+34,239	$4,514,564	+20.1%	3	$25.09	0.35%
RHP	Ryman Hospitality Properties, Inc. PUT Real Estate	Held	32,500	0	$4,177,875	+39.3%	—	—	0.32%
ILPT	Industrial Logistics Properties Trust Real Estate	Reduced	371,191	-1,063,896	$3,292,464	−59.6%	5	$3.98	0.25%
IAUX	i-80 Gold Corp. Basic Materials	Reduced	1,807,864	-3,734,776	$2,603,324	−69.1%	3	$1.14	0.20%
BTU	Peabody Energy Corp Energy	NEW	74,502	NEW	$1,722,486	NEW	1	$26.58	0.13%
OBIO	Orchestra BioMed Holdings, Inc. Healthcare	NEW	251,372	NEW	$1,084,670	NEW	1	$4.09	0.08%
PANL	Pangaea Logistics Solutions Ltd. Industrials	NEW	149,806	NEW	$973,739	NEW	1	$7.59	0.07%
PRDO	PERDOCEO EDUCATION Corp PUT Consumer Defensive	Reduced	29,800	-45,000	$953,600	−65.7%	—	—	0.07%
SEVN	Seven Hills Realty Trust Real Estate	Reduced	83,043	-350,149	$700,052	−80.3%	3	$9.39	0.05%
STRA	Strategic Education, Inc. PUT Consumer Defensive	Reduced	5,500	-14,500	$421,410	−74.6%	—	—	0.03%

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.