Flat Footed LLC
Filing Date
Global Rank
#2,226
/ 8,621
▼ 47
· as of Mar 2026
Top Industry
REIT - Healthcare Facilities
25.3%
3Y Alpha vs SPY
+20.1%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
18 quarters · since Dec 2021
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 Flat Footed LLC's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
45% that is ordinary stock — as little as
15% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+173.9%
SPY
+67.9%
Annualised alpha
+21.1%
Max drawdown
−28.2%
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 45% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
34 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
23.2%
+6.3 pts
Top 5
49.6%
−14.8 pts
Top 10
71.0%
−10.7 pts
HHI
855
Diversified−149
Portfolio Trend
18 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Real Estate | 32.2% | $216,356,377 |
| Financial Services | 21.2% | $142,574,780 |
| Consumer Cyclical | 21.1% | $141,526,850 |
| Consumer Defensive | 9.8% | $65,620,258 |
| Healthcare | 6.5% | $43,722,674 |
| Energy | 5.7% | $38,230,672 |
| Industrials | 2.3% | $15,321,614 |
| Basic Materials | 1.3% | $8,424,812 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
15 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BKD | Brookdale Senior Living Inc. | −6,106,035 | 2,391,526 | $32,716,075 | |
| CNR | Core Natural Resources, Inc. | −1,247,146 | 139,965 | $14,658,534 | |
| ILPT | Industrial Logistics Properties Trust | −265,505 | 1,435,087 | $8,151,294 | |
| ASC | Ardmore Shipping Corp | −244,724 | 1,004,696 | $15,321,614 | |
| SMC | Summit Midstream Corp | −232,289 | 124,278 | $3,758,166 | |
| SEVN | Seven Hills Realty Trust | −231,240 | 433,192 | $3,560,838 | |
| TSLA | Tesla, Inc. | −192,000 | 32,000 | $11,896,000 | |
| TK | Teekay Corp Ltd | −140,100 | 1,622,766 | $19,813,972 | |
| WELL | Welltower Inc. | −123,700 | 41,300 | $8,165,423 | |
| CVEO | Civeo Corp | −115,518 | 347,240 | $9,187,970 | |
| MGM | MGM Resorts International | −40,000 | 360,000 | $13,323,600 | |
| CVNA | Carvana Co. | −33,900 | 72,600 | $4,564,797 | |
| IAUX | i-80 Gold Corp. | −8,983 | 5,542,640 | $8,424,812 | |
| RRR | Red Rock Resorts, Inc. | −5,000 | 55,000 | $2,934,800 | |
| RCL | Royal Caribbean Cruises Ltd | −2,600 | 89,500 | $24,628,610 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
12 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| RY | Royal Bank Of Canada | 300,000 | $48,534,000 | |
| PEP | Pepsico Inc | 295,000 | $45,810,550 | |
| CM | Canadian Imperial Bank Of Commerce /Can/ | 452,500 | $42,874,375 | |
| TD | Toronto Dominion Bank | 302,500 | $28,226,275 | |
| BMO | Bank Of Montreal /Can/ | 169,500 | $22,940,130 | |
| HHH | Howard Hughes Holdings Inc. | 215,288 | $13,619,118 | |
| PFGC | Performance Food Group Co | 100,000 | $8,566,000 | |
| LOPE | Grand Canyon Education, Inc. | 40,000 | $6,801,200 | |
| VTR | Ventas, Inc. | 66,500 | $5,438,370 | |
| PRDO | PERDOCEO EDUCATION Corp | 74,800 | $2,783,308 | |
| STRA | Strategic Education, Inc. | 20,000 | $1,659,200 | |
| CTRE | CareTrust REIT, Inc. | 7,500 | $274,875 | |
| No positions match the current search. | ||||
34 positions ·
$671,778,037 total
· as of Mar 31, 2026
All sectors
Basic Materials
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DHC |
Diversified Healthcare Trust
Real Estate
|
Held | 23,487,002 | $155,953,693 | 23.22% | |
| RY |
Royal Bank Of Canada
PUT
Financial Services
|
NEW | 300,000 | $48,534,000 | 7.22% | |
| PEP |
Pepsico Inc
PUT
Consumer Defensive
|
NEW | 295,000 | $45,810,550 | 6.82% | |
| CM |
Canadian Imperial Bank Of Commerce /Can/
PUT
Financial Services
|
NEW | 452,500 | $42,874,375 | 6.38% | |
| MAR |
Marriott International Inc /Md/
PUT
Consumer Cyclical
|
Held | 121,900 | $39,869,833 | 5.93% | |
| HLT |
Hilton Worldwide Holdings Inc.
PUT
Consumer Cyclical
|
Held | 115,500 | $35,121,240 | 5.23% | |
| BKD |
Brookdale Senior Living Inc.
Healthcare
|
Reduced | 2,391,526 | $32,716,075 | 4.87% | |
| TD |
Toronto Dominion Bank
PUT
Financial Services
|
NEW | 302,500 | $28,226,275 | 4.20% | |
| RCL |
Royal Caribbean Cruises Ltd
PUT
Consumer Cyclical
|
Reduced | 89,500 | $24,628,610 | 3.67% | |
| BMO |
Bank Of Montreal /Can/
PUT
Financial Services
|
NEW | 169,500 | $22,940,130 | 3.41% | |
| TK |
Teekay Corp Ltd
Energy
|
Reduced | 1,622,766 | $19,813,972 | 2.95% | |
| ASC |
Ardmore Shipping Corp
Industrials
|
Reduced | 1,004,696 | $15,321,614 | 2.28% | |
| CNR |
Core Natural Resources, Inc.
CALL
+ SHARES
Energy
|
Reduced | 139,965 | $14,658,534 | 2.18% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
NEW | 215,288 | $13,619,118 | 2.03% | |
| MGM |
MGM Resorts International
PUT
Consumer Cyclical
|
Reduced | 360,000 | $13,323,600 | 1.98% | |
| RMR |
Rmr Group Inc.
Real Estate
|
Added | 802,739 | $12,418,372 | 1.85% | |
| TSLA |
Tesla, Inc.
PUT
Consumer Cyclical
|
Reduced | 32,000 | $11,896,000 | 1.77% | |
| GRFS |
Grifols SA
Healthcare
|
Added | 1,372,394 | $11,006,599 | 1.64% | |
| CVEO |
Civeo Corp
Consumer Cyclical
|
Reduced | 347,240 | $9,187,970 | 1.37% | |
| PFGC |
Performance Food Group Co
PUT
Consumer Defensive
|
NEW | 100,000 | $8,566,000 | 1.28% | |
| IAUX |
i-80 Gold Corp.
Basic Materials
|
Reduced | 5,542,640 | $8,424,812 | 1.25% | |
| WELL |
Welltower Inc.
PUT
Real Estate
|
Reduced | 41,300 | $8,165,423 | 1.22% | |
| ILPT |
Industrial Logistics Properties Trust
Real Estate
|
Reduced | 1,435,087 | $8,151,294 | 1.21% | |
| LOPE |
Grand Canyon Education, Inc.
PUT
Consumer Defensive
|
NEW | 40,000 | $6,801,200 | 1.01% | |
| SVC |
Service Properties Trust
Real Estate
|
Held | 852,490 | $5,775,619 | 0.86% | |
| VTR |
Ventas, Inc.
PUT
Real Estate
|
NEW | 66,500 | $5,438,370 | 0.81% | |
| CVNA |
Carvana Co.
PUT
Consumer Cyclical
|
Reduced | 72,600 | $4,564,797 | 0.68% | |
| SMC |
Summit Midstream Corp
Energy
|
Reduced | 124,278 | $3,758,166 | 0.56% | |
| SEVN |
Seven Hills Realty Trust
Real Estate
|
Reduced | 433,192 | $3,560,838 | 0.53% | |
| RHP |
Ryman Hospitality Properties, Inc.
PUT
Real Estate
|
Held | 32,500 | $2,998,775 | 0.45% | |
| RRR |
Red Rock Resorts, Inc.
PUT
Consumer Cyclical
|
Reduced | 55,000 | $2,934,800 | 0.44% | |
| PRDO |
PERDOCEO EDUCATION Corp
PUT
Consumer Defensive
|
NEW | 74,800 | $2,783,308 | 0.41% | |
| STRA |
Strategic Education, Inc.
PUT
Consumer Defensive
|
NEW | 20,000 | $1,659,200 | 0.25% | |
| CTRE |
CareTrust REIT, Inc.
PUT
Real Estate
|
NEW | 7,500 | $274,875 | 0.04% |