Converium Capital Inc.

CIK

2043653

Location

MONTREAL, A8

Portfolio Value

Small $406,924,249

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,923 / 8,621 ▲ 95 · as of Mar 2026

Top Industry

Auto Parts 22.4%

3Y Alpha vs SPY

-29.0%

Period ended 4 months ago

Filed May 22, 2026 · 2mo

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical 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 Converium Capital Inc.'s reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 13% that is ordinary stock — as little as 10% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

-1.5%

SPY

+9.0%

Annualised alpha

-24.3%

Max drawdown

−19.9%

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 13% of reported value on average across 2 quarters. Past performance does not predict future results.

Portfolio Concentration

25 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

40.0%

−1.2 pts

Top 5

66.2%

−1.3 pts

Top 10

79.2%

−3.0 pts

HHI

1,864

Moderately concentrated−81

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	47.9%	$194,856,750	2
Consumer Cyclical	15.1%	$61,297,460	4
Basic Materials	13.2%	$53,570,050	6
Industrials	5.9%	$24,049,400	4
Energy	4.6%	$18,636,716	2
Communication Services	3.4%	$13,748,128	1
Technology	2.9%	$11,644,450	2
Consumer Defensive	2.8%	$11,576,400	1
Financial Services	2.1%	$8,725,000	1
Healthcare	1.1%	$4,458,300	1
Real Estate	1.1%	$4,361,595	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
DCH	Dauch Corp	+2,432,000	7,015,044	$41,599,210
SBGI	Sinclair, Inc.	+144,674	1,062,452	$13,748,128
TROX	Tronox Holdings plc	+50,000	200,000	$1,954,000
SPY	Spdr S&P 500 ETF Trust	+10,000	250,000	$162,585,000
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
VALE	Vale S.A.	−850,000	1,200,000	$19,092,000
SBSW	Sibanye Stillwater Ltd	−50,000	400,000	$4,928,000
INTC	Intel Corp	−10,000	140,000	$6,178,200
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
TRIP	TripAdvisor, Inc.	1,075,000	$11,459,500
DK	Delek US Holdings, Inc.	218,658	$9,854,916
CAE	Cae Inc	350,000	$9,117,500
MCO	Moodys Corp /De/	20,000	$8,725,000
FOUR	Shift4 Payments, Inc.	125,000	$5,466,250
VTRS	Viatris Inc	330,000	$4,458,300
AAL	American Airlines Group Inc.	380,000	$4,081,200
OI	O-I Glass, Inc. /DE/	225,000	$2,364,750
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
EIX	Edison International	310,000	$18,606,200
SN	SharkNinja, Inc.	125,000	$13,987,500
DOCN	DigitalOcean Holdings, Inc.	170,000	$8,180,400
PCG	PG&E Corp	400,000	$6,428,000
KVUE	Kenvue Inc.	300,000	$5,175,000
FUN	Six Flags Entertainment Corporation/NEW	101,500	$1,557,010
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 positions · $406,924,249 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT	Added	250,000	+10,000	$162,585,000	−0.7%	39.95%
DCH	Dauch Corp CALL + SHARES Consumer Cyclical	Added	7,015,044	+2,432,000	$41,599,210	+41.6%	10.22%
GLD	Spdr Gold Trust CALL	Held	75,000	0	$32,271,750	+8.6%	7.93%
VALE	Vale S.A. CALL Basic Materials	Reduced	1,200,000	-850,000	$19,092,000	−28.5%	4.69%
SBGI	Sinclair, Inc. Communication Services	Added	1,062,452	+144,674	$13,748,128	−2.1%	3.38%
KMB	Kimberly Clark Corp CALL Consumer Defensive	Held	120,000	0	$11,576,400	−4.4%	2.84%
TRIP	TripAdvisor, Inc. Consumer Cyclical	NEW	1,075,000	NEW	$11,459,500	NEW	2.82%
NEM	NEWMONT Corp /DE/ CALL Basic Materials	Held	100,000	0	$10,825,000	+8.4%	2.66%
DK	Delek US Holdings, Inc. Energy	NEW	218,658	NEW	$9,854,916	NEW	2.42%
CAE	Cae Inc CALL Industrials	NEW	350,000	NEW	$9,117,500	NEW	2.24%
FCX	Freeport-Mcmoran Inc CALL Basic Materials	Held	150,000	0	$8,817,000	+15.7%	2.17%
YPF	Ypf Sociedad Anonima PUT Energy	Held	190,000	0	$8,781,800	+27.8%	2.16%
MCO	Moodys Corp /De/ PUT Financial Services	NEW	20,000	NEW	$8,725,000	NEW	2.14%
B	Barrick Mining Corp CALL Basic Materials	Held	195,000	0	$7,954,050	−6.3%	1.95%
FLR	Fluor Corp CALL Industrials	Held	150,000	0	$6,997,500	+17.7%	1.72%
INTC	Intel Corp CALL Technology	Reduced	140,000	-10,000	$6,178,200	+11.6%	1.52%
LKQ	Lkq Corp CALL Consumer Cyclical	Held	200,000	0	$5,874,000	−2.7%	1.44%
FOUR	Shift4 Payments, Inc. CALL Technology	NEW	125,000	NEW	$5,466,250	NEW	1.34%
SBSW	Sibanye Stillwater Ltd CALL Basic Materials	Reduced	400,000	-50,000	$4,928,000	−23.2%	1.21%
VTRS	Viatris Inc CALL Healthcare	NEW	330,000	NEW	$4,458,300	NEW	1.10%
FSP	Franklin Street Properties Corp /Ma/ Real Estate	Held	6,608,478	0	$4,361,595	−30.5%	1.07%
AAL	American Airlines Group Inc. CALL Industrials	NEW	380,000	NEW	$4,081,200	NEW	1.00%
RKLB	Rocket Lab Corp PUT Industrials	Held	60,000	0	$3,853,200	−7.9%	0.95%
OI	O-I Glass, Inc. /DE/ Consumer Cyclical	NEW	225,000	NEW	$2,364,750	NEW	0.58%
TROX	Tronox Holdings plc Basic Materials	Added	200,000	+50,000	$1,954,000	+212.4%	0.48%