FLAX POND CAPITAL, LLC

CIK

2106996

Location

MERION STATION, PA

Portfolio Value

Small $115,711,127

Diversification

Diversified

Filing Date

Global Rank

#5,361 / 8,603 ▼ 6 · as of Mar 2026

Top Industry

Gold 13.3%

3Y Alpha vs SPY

-22.6%

Period ended 3 months ago

Filed May 19, 2026 · 51d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+1.9%

SPY

+10.0%

Annualised alpha

-22.2%

Max drawdown

−9.2%

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

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

Top Position

11.7%

+1.3 pts

Top 5

33.3%

+5.0 pts

Top 10

52.8%

+8.0 pts

HHI

424

Diversified+63

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	14.7%	$17,011,081	6
Energy	13.1%	$15,130,990	7
Healthcare	12.5%	$14,459,276	15
Unclassified	11.7%	$13,492,603	1
Real Estate	11.4%	$13,194,604	5
Financial Services	10.1%	$11,711,823	6
Communication Services	8.9%	$10,331,370	3
Consumer Cyclical	5.8%	$6,688,629	3
Utilities	5.7%	$6,552,663	3
Consumer Defensive	2.7%	$3,068,274	2
Technology	2.6%	$3,036,953	2
Industrials	0.9%	$1,032,861	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
DRVN	Driven Brands Holdings Inc.	+239,420	430,020	$5,422,552
ANGI	Angi Inc.	+203,165	485,290	$3,324,236
LODE	Comstock Inc.	+155,763	849,788	$2,591,853
EIC	Eagle Point Income Co Inc.	+150,815	603,019	$5,692,499
B	Barrick Mining Corp	+27,600	107,943	$4,402,994
SABA	Saba Capital Income & Opportunities Fund II	+16,780	299,313	$2,490,284
FPH	Five Point Holdings, LLC	+16,600	141,707	$685,861
BRW	Saba Capital Income & Opportunities Fund	+10,000	405,786	$2,734,997
QURE	uniQure N.V.	+5,533	152,031	$2,485,706
NEM	NEWMONT Corp /DE/	+5,000	41,630	$4,506,447
BCYC	Bicycle Therapeutics PLC	+2,503	176,136	$817,271
LMNR	Limoneira CO	+1,224	171,132	$2,296,591
RGLD	Royal Gold Inc	+1,100	18,340	$4,667,346
RARE	Ultragenyx Pharmaceutical Inc.	+400	56,638	$1,186,566
COLD	Americold Realty Trust	+250	355,413	$4,073,032
KSPI	Joint Stock Co Kaspi.kz	+200	40,824	$3,023,833
IDYA	IDEAYA Biosciences, Inc.	+100	39,242	$1,307,543
ARE	Alexandria Real Estate Equities, Inc.	+60	57,460	$2,667,293
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
JRVR	James River Group Holdings, Inc.	−524,567	14,200	$89,460
VET	Vermilion Energy Inc.	−151,000	137,700	$1,897,506
EU	enCore Energy Corp.	−100,000	52,292	$94,125
LYB	LyondellBasell Industries N.V.	−70,244	10,442	$841,207
PPLI	People Inc	−48,600	51,105	$2,045,733
GPN	Global Payments Inc	−45,840	15,270	$1,027,671
JD	JD.com, Inc.	−41,550	42,392	$1,253,531
MUR	Murphy Oil Corp	−35,700	187,256	$7,724,310
FOCL	Edap Tms SA	−13,800	783,446	$2,914,419
GPCR	Structure Therapeutics Inc.	−12,721	36,000	$1,735,200
GEL	Genesis Energy LP	−8,139	85,232	$1,519,686
BCE	Bce Inc	−4,600	196,569	$4,961,401
ORGO	Organogenesis Holdings Inc.	−4,100	420,091	$995,615
BWG	BrandywineGLOBAL-Global Income Opportunities Fund Inc	−3,000	15,000	$115,050
GLD	Spdr Gold Trust	−1,650	31,357	$13,492,603
CMPS	COMPASS Pathways plc	−250	52,566	$290,689
WY	Weyerhaeuser Co	−210	70,450	$1,721,093
JNJ	Johnson & Johnson	−100	872	$213,151
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
NXRT	NexPoint Residential Trust, Inc.	161,893	$4,047,325
GPRK	GeoPark Ltd	352,833	$3,351,913
NOMD	Nomad Foods Ltd	80,300	$771,683
IMSR	Terrestrial Energy Inc. /DE/	16,000	$96,080
TWST	Twist Bioscience Corp	1,600	$76,032
URG	Ur-Energy Inc	15,000	$22,350
KD	Kyndryl Holdings, Inc.	1,000	$13,120
NXGL	Nexgel, Inc.	20,000	$12,660
BABA	Alibaba Group Holding Ltd	100	$12,546
PCT	PureCycle Technologies, Inc.	1,000	$5,190
SGML	Sigma Lithium Corp	100	$1,234
ARVN	Arvinas, Inc.	100	$1,060
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
UNH	Unitedhealth Group Inc	11,630	$3,839,179
UPS	United Parcel Service Inc	34,531	$3,425,129
WKC	World Kinect Corp	27,544	$645,355
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

55 positions · $115,711,127 total · as of Mar 31, 2026

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

Showing 1–50 of 55 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GLD	Spdr Gold Trust	Reduced	31,357	-1,650	$13,492,603	+3.1%	11.66%
MUR	Murphy Oil Corp Energy	Reduced	187,256	-35,700	$7,724,310	+10.9%	6.68%
XIFR	XPLR Infrastructure, LP Utilities	Held	583,084	0	$6,192,352	+6.2%	5.35%
EIC	Eagle Point Income Co Inc. Financial Services	Added	603,019	+150,815	$5,692,499	+10.3%	4.92%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	Added	430,020	+239,420	$5,422,552	+92.0%	4.69%
BCE	Bce Inc Communication Services	Reduced	196,569	-4,600	$4,961,401	+3.5%	4.29%
RGLD	Royal Gold Inc Basic Materials	Added	18,340	+1,100	$4,667,346	+21.8%	4.03%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	41,630	+5,000	$4,506,447	+23.2%	3.89%
B	Barrick Mining Corp Basic Materials	Added	107,943	+27,600	$4,402,994	+25.8%	3.81%
COLD	Americold Realty Trust Real Estate	Added	355,413	+250	$4,073,032	−10.8%	3.52%
NXRT	NexPoint Residential Trust, Inc. Real Estate	NEW	161,893	NEW	$4,047,325	NEW	3.50%
GPRK	GeoPark Ltd Energy	NEW	352,833	NEW	$3,351,913	NEW	2.90%
ANGI	Angi Inc. Communication Services	Added	485,290	+203,165	$3,324,236	−8.9%	2.87%
KSPI	Joint Stock Co Kaspi.kz Technology	Added	40,824	+200	$3,023,833	−4.7%	2.61%
FOCL	Edap Tms SA Healthcare	Reduced	783,446	-13,800	$2,914,419	+11.1%	2.52%
BRW	Saba Capital Income & Opportunities Fund Financial Services	Added	405,786	+10,000	$2,734,997	−1.4%	2.36%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	57,460	+60	$2,667,293	−5.1%	2.31%
LODE	Comstock Inc. Basic Materials	Added	849,788	+155,763	$2,591,853	−0.7%	2.24%
SABA	Saba Capital Income & Opportunities Fund II Financial Services	Added	299,313	+16,780	$2,490,284	+6.8%	2.15%
QURE	uniQure N.V. Healthcare	Added	152,031	+5,533	$2,485,706	−29.1%	2.15%
LMNR	Limoneira CO Consumer Defensive	Added	171,132	+1,224	$2,296,591	+7.0%	1.98%
PPLI	People Inc Communication Services	Reduced	51,105	-48,600	$2,045,733	−47.5%	1.77%
VET	Vermilion Energy Inc. Energy	Reduced	137,700	-151,000	$1,897,506	−21.2%	1.64%
GPCR	Structure Therapeutics Inc. Healthcare	Reduced	36,000	-12,721	$1,735,200	−48.8%	1.50%
WY	Weyerhaeuser Co Real Estate	Reduced	70,450	-210	$1,721,093	+2.8%	1.49%
GEL	Genesis Energy LP Energy	Reduced	85,232	-8,139	$1,519,686	+4.3%	1.31%
IDYA	IDEAYA Biosciences, Inc. Healthcare	Added	39,242	+100	$1,307,543	−3.4%	1.13%
JD	JD.com, Inc. Consumer Cyclical	Reduced	42,392	-41,550	$1,253,531	−48.0%	1.08%
NRIX	Nurix Therapeutics, Inc. Healthcare	Held	80,200	0	$1,243,100	−18.3%	1.07%
RARE	Ultragenyx Pharmaceutical Inc. Healthcare	Added	56,638	+400	$1,186,566	−8.3%	1.03%
GPN	Global Payments Inc Industrials	Reduced	15,270	-45,840	$1,027,671	−78.3%	0.89%
ORGO	Organogenesis Holdings Inc. Healthcare	Reduced	420,091	-4,100	$995,615	−54.7%	0.86%
LYB	LyondellBasell Industries N.V. Basic Materials	Reduced	10,442	-70,244	$841,207	−75.9%	0.73%
BCYC	Bicycle Therapeutics PLC Healthcare	Added	176,136	+2,503	$817,271	−33.5%	0.71%
NOMD	Nomad Foods Ltd Consumer Defensive	NEW	80,300	NEW	$771,683	NEW	0.67%
RVMD	Revolution Medicines, Inc. Healthcare	Held	7,933	0	$771,484	+22.1%	0.67%
FPH	Five Point Holdings, LLC Real Estate	Added	141,707	+16,600	$685,861	−1.9%	0.59%
ASA	ASA Gold & Precious Metals Ltd Financial Services	Held	9,504	0	$589,533	+4.0%	0.51%
ET	Energy Transfer LP Energy	Held	27,000	0	$521,100	+17.0%	0.45%
PTCT	Ptc Therapeutics, Inc. Healthcare	Held	6,000	0	$408,780	−10.3%	0.35%
CMPS	COMPASS Pathways plc Healthcare	Reduced	52,566	-250	$290,689	−20.2%	0.25%
CDZI	Cadiz Inc Utilities	Held	53,815	0	$264,231	−12.5%	0.23%
JNJ	Johnson & Johnson Healthcare	Reduced	872	-100	$213,151	+6.0%	0.18%
BWG	BrandywineGLOBAL-Global Income Opportunities Fund Inc Financial Services	Reduced	15,000	-3,000	$115,050	−23.6%	0.10%
IMSR	Terrestrial Energy Inc. /DE/ Utilities	NEW	16,000	NEW	$96,080	NEW	0.08%
EU	enCore Energy Corp. Energy	Reduced	52,292	-100,000	$94,125	−75.1%	0.08%
JRVR	James River Group Holdings, Inc. Financial Services	Reduced	14,200	-524,567	$89,460	−97.4%	0.08%
TWST	Twist Bioscience Corp Healthcare	NEW	1,600	NEW	$76,032	NEW	0.07%
URG	Ur-Energy Inc Energy	NEW	15,000	NEW	$22,350	NEW	0.02%
KD	Kyndryl Holdings, Inc. Technology	NEW	1,000	NEW	$13,120	NEW	0.01%