Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Psychedelic & Neurological Therapeutics. Themes include Psychedelic-Assisted Therapy, Novel Mental Health Treatments, and Neuroplasticity Research.

Weak multi-year price returns
2Y Excs Rtn is -53%, 3Y Excs Rtn is -88%

Key risks
MMED key risks include [1] navigating significant regulatory hurdles for its Schedule I lead candidate, Show more.

0 Megatrend and thematic drivers
Megatrends include Psychedelic & Neurological Therapeutics. Themes include Psychedelic-Assisted Therapy, Novel Mental Health Treatments, and Neuroplasticity Research.
1 Weak multi-year price returns
2Y Excs Rtn is -53%, 3Y Excs Rtn is -88%
2 Key risks
MMED key risks include [1] navigating significant regulatory hurdles for its Schedule I lead candidate, Show more.

MMED in ETFs

Weight = MMED's share of each fund

IWM0.01%
IWN0.03%
ONEQ0.01%
SCHA0.01%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

Minimed (MMED) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Weak IPO Pricing and Initial Market Reception.

MiniMed Group Inc. (MMED) priced its Initial Public Offering (IPO) at $20.00 per share on March 5, 2026, which was notably below the previously anticipated range of $25.00 to $28.00 per share. This lower-than-expected pricing suggested a subdued investor demand from the outset. Upon its Nasdaq debut on March 6, 2026, the stock opened at $19.05 and closed its first trading day at $18.49, marking an immediate 7.55% decline from its IPO price. This initial negative market reception set a challenging tone for MiniMed's stock performance in the subsequent period.

2. Widening Losses Despite Revenue Growth.

For its fiscal year 2026, which concluded on April 24, 2026, MiniMed reported record annual net sales exceeding $3 billion for the first time, demonstrating 14% as-reported and 8% organic growth year-over-year. However, despite this top-line growth, the company experienced widening losses for the full fiscal year 2026. Specifically, in fiscal Q4 2026, MiniMed significantly missed earnings per share (EPS) estimates, reporting a loss of $0.68 per share against an estimated loss of $0.22 per share, representing a miss of over 200%. This indicated that while the company is expanding its sales, it faces persistent profitability challenges, a key concern for investors in a newly public entity.

Show more
Updated on 7/1/2026

Minimed (MMED) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Weak IPO Pricing and Initial Market Reception.

MiniMed Group Inc. (MMED) priced its Initial Public Offering (IPO) at $20.00 per share on March 5, 2026, which was notably below the previously anticipated range of $25.00 to $28.00 per share. This lower-than-expected pricing suggested a subdued investor demand from the outset. Upon its Nasdaq debut on March 6, 2026, the stock opened at $19.05 and closed its first trading day at $18.49, marking an immediate 7.55% decline from its IPO price. This initial negative market reception set a challenging tone for MiniMed's stock performance in the subsequent period.

2. Widening Losses Despite Revenue Growth.

For its fiscal year 2026, which concluded on April 24, 2026, MiniMed reported record annual net sales exceeding $3 billion for the first time, demonstrating 14% as-reported and 8% organic growth year-over-year. However, despite this top-line growth, the company experienced widening losses for the full fiscal year 2026. Specifically, in fiscal Q4 2026, MiniMed significantly missed earnings per share (EPS) estimates, reporting a loss of $0.68 per share against an estimated loss of $0.22 per share, representing a miss of over 200%. This indicated that while the company is expanding its sales, it faces persistent profitability challenges, a key concern for investors in a newly public entity.

3. Significant Parent Company Ownership and Future Uncertainty.

Following the IPO, MiniMed's former parent company, Medtronic plc, retained a substantial ownership stake of approximately 90% of MiniMed's common stock. While the IPO was a step towards MiniMed's independence, this high level of residual ownership by Medtronic introduces uncertainty for investors. Concerns may arise regarding potential future share distributions, such as a planned split-off, which could lead to selling pressure, and it may also limit the market's perception of MiniMed's immediate strategic autonomy.

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Stock Movement Drivers

Fundamental Drivers

The 2.5% change in MMED stock from 3/31/2026 to 7/10/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)33120267102026Change
Stock Price ($)14.9215.292.5%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)2812810.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/10/2026
ReturnCorrelation
MMED2.5% 
Market (SPY)16.1%17.4%
Sector (XLV)9.7%34.6%

Fundamental Drivers

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Market Drivers

12/31/2025 to 7/10/2026
ReturnCorrelation
MMED  
Market (SPY)11.0%31.0%
Sector (XLV)4.3%36.0%

Fundamental Drivers

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Market Drivers

6/30/2025 to 7/10/2026
ReturnCorrelation
MMED  
Market (SPY)23.2%31.0%
Sector (XLV)20.9%36.0%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/10/2026
ReturnCorrelation
MMED  
Market (SPY)76.3%31.0%
Sector (XLV)26.9%36.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MMED Return------19%-19%
Peers Return34%-24%-12%2%-8%-22%-34%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
MMED Win Rate-----40% 
Peers Win Rate62%46%42%50%50%43% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
MMED Max Drawdown------ 
Peers Max Drawdown-23%-48%-49%-36%-36%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DXCM, PODD, TNDM, ABT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)

How Low Can It Go

MMED has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to DXCM, PODD, TNDM, ABT

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

MMED has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to DXCM, PODD, TNDM, ABT

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Minimed (MMED)

N/A

AI Analysis | Feedback

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AI Analysis | Feedback

The company trading under the symbol MMED is MindMed Inc., a clinical-stage biopharmaceutical company focused on developing psychedelic-inspired therapies for psychiatric and neurological disorders. It appears there may be a slight discrepancy with the name "Minimed" provided in the background, as "MiniMed" is a brand associated with Medtronic (MDT).

As a clinical-stage biopharmaceutical company, MindMed Inc. does not currently have approved products available for commercial sale. Therefore, it does not have major customers in the traditional sense of companies or individuals purchasing its products.

Should MindMed Inc. successfully develop and receive regulatory approval for its therapies in the future, its major customers would primarily be other companies within the healthcare ecosystem. These would typically include:

  • Pharmaceutical Distributors and Wholesalers: Companies that manage the distribution of pharmaceutical products from manufacturers to pharmacies and hospitals. Examples of such public companies include Cardinal Health (CAH), McKesson Corporation (MCK), and AmerisourceBergen (ABC).
  • Healthcare Providers and Systems: Hospitals, clinics, and large integrated health systems that would purchase and administer the therapies to patients.
  • Pharmacies: Retail and institutional pharmacies that would dispense the prescribed medications to patients.

The ultimate end-users for these therapies would be individual patients suffering from psychiatric and neurological disorders, who would receive the treatments through prescriptions and care from healthcare professionals.

AI Analysis | Feedback

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Que Dallara, Chief Executive Officer

Que Dallara serves as the Chief Executive Officer and a Director of Minimed Group, Inc. since March 2026. Prior to leading MiniMed as a standalone public company following its spin-off from Medtronic, Ms. Dallara was the Executive Vice President and President of the Diabetes Operating Unit at Medtronic plc.

Chad Spooner, EVP, Chief Financial Officer

Chad Spooner was appointed Chief Financial Officer of MiniMed Group, Inc., effective March 6, 2026, in connection with the company's separation from Medtronic plc. He joined MiniMed in July 2025 in anticipation of the separation. Mr. Spooner brings over 25 years of financial leadership experience across healthcare, consumer, and industrial sectors. His previous roles include serving as CFO at BIC, a publicly traded global consumer goods company, and holding CFO roles at Raffaela Apparel Group (a Cerberus Capital Management portfolio company) and Slingshot Health. He also co-founded Tenex Capital Management, a middle-market private equity firm where he held senior operational finance roles.

Ali Dianaty, EVP, Chief Product & Technology Officer

Ali Dianaty is the Executive Vice President, Chief Product & Technology Officer for MiniMed Group, Inc.

Courtney Nelson Wills, SVP, General Counsel and Corporate Secretary

Courtney Nelson Wills serves as the Senior Vice President, General Counsel and Corporate Secretary for MiniMed Group, Inc.

Gillian Chandrasena, SVP, Chief Human Resources Officer

Gillian Chandrasena is the Senior Vice President, Chief Human Resources Officer at MiniMed Group, Inc.

AI Analysis | Feedback

MiniMed Group Inc. (NASDAQ: MMED) faces several key business risks, primarily centered around its financial performance, its relationship with its former parent company, and the competitive landscape of the medical device industry for diabetes management. The most significant risk to MiniMed is its **struggle with persistent operating losses**. Despite achieving 10-15% annual revenue growth, the company has been unable to turn a profit. This ongoing unprofitability raises concerns about its long-term financial viability and ability to generate positive returns for investors. Further highlighting these financial challenges, MiniMed's initial public offering (IPO) priced below its suggested range. Another key risk stems from **Medtronic's substantial retained ownership** in MiniMed. Following the IPO, Medtronic plc, the former parent company, still holds approximately 90% of MiniMed's shares. While the spin-off was intended to allow MiniMed to operate with greater agility, this high level of ownership by Medtronic could lead to potential conflicts of interest or limit MiniMed's complete strategic and operational independence. Finally, MiniMed operates in a **highly competitive market for diabetes management devices**. As a provider of insulin delivery systems and continuous glucose monitors, the company is susceptible to pressures from existing competitors and new entrants, as well as rapid technological advancements. The persistent operating losses, even with revenue growth, suggest that MiniMed may be facing significant pricing pressures or high costs associated with maintaining its competitive position in this dynamic industry.

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Minimed (MMED) Addressable Market Sizes

Minimed Group Inc. (MMED) is a medical technology company focused on diabetes management solutions, including automated insulin delivery (AID) systems and continuous glucose monitoring (CGM) devices.

Addressable Markets for Minimed's Main Products and Services (Global)

Automated Insulin Delivery (AID) Systems

The global market for Automated Insulin Delivery (AID) systems, which includes products like Minimed's 780G system, was valued at approximately USD 3.29 billion in 2024. This market is projected to reach about USD 7.83 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.43% from 2025 to 2032. Another estimate places the AID system market at USD 5.56 billion in 2026, with an anticipated growth to USD 16.32 billion by 2035, at a CAGR of 12.7% from 2026 to 2035.

Continuous Glucose Monitoring (CGM) Devices

The global Continuous Glucose Monitoring (CGM) market, which encompasses products like Minimed's Simplera Sync CGM sensor, was valued at approximately USD 10.9 billion in 2024. This market is projected to grow from USD 12.4 billion in 2025 to USD 47.1 billion by 2034, with a CAGR of 16% during this forecast period. Other estimates indicate the CGM market was valued at USD 1.27 billion in 2025, expected to reach USD 4.08 billion by 2033 with a 15.7% CAGR, or USD 13.28 billion in 2025, estimated to grow to USD 31.38 billion by 2031 at a CAGR of 15.42%.

Smart Multiple Daily Injection (MDI) Systems (Smart Insulin Pens)

The global market for Smart Insulin Pens, which aligns with Minimed's Smart Multiple Daily Injection (MDI) System, was valued at approximately USD 877.26 million in 2024. This market is expected to grow to USD 1.82 billion by 2032, at a CAGR of 9.57% from 2025 to 2032. Another source states the smart insulin pens market size in 2026 is estimated at USD 1.03 billion, growing to USD 1.85 billion by 2031 with a 12.32% CAGR. A more optimistic projection indicates a market size of USD 4.31 billion in 2024, reaching USD 10.36 billion by 2035, exhibiting a CAGR of 8.30%.

AI Analysis | Feedback

Minimed Group Inc. (Nasdaq: MMED), a medical technology company specializing in diabetes management devices, is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Growing User Base and Increased Adoption of Diabetes Management Systems: The company has a significant and expanding user base for its insulin pumps, continuous glucose monitors (CGMs), and integrated diabetes management solutions. As of October 2025, MiniMed's user base for insulin pumps exceeded 640,000 individuals, demonstrating increasing market penetration in diabetes management. The rising CGM attachment rate, reaching 65% in the six months ending October 2025, further indicates growing adoption of its integrated systems. This growth in its installed base provides a foundation for continued revenue generation from both initial device sales and recurring consumables.
  2. Launch and Commercialization of New and Enhanced Products: MiniMed has recently launched and is actively expanding the commercial availability of new products and integrated systems. The broad U.S. commercial launch of the MiniMed™ 780G system integrated with the Instinct™ sensor, made by Abbott, in December 2025, is a significant driver. Additionally, the Simplera Sync and Instinct sensors have shown to drive acceleration in the U.S. market. The FDA approval of the MiniMed™ 780G system for integration with Abbott's Instinct sensor and its expanded use in type 2 diabetes patients also opens up new market opportunities and is expected to boost access to CGMs.
  3. Advancement of its Product Pipeline and Innovation: The company is focused on continuous innovation in its diabetes management technology. MiniMed is actively developing new products, such as its MiniMed Fit patch pump, which it aims to file for FDA approval by the fall of calendar year 2026. This commitment to developing next-generation sensors (CGM), intelligent dosing systems, and improving the overall user experience is crucial for maintaining a competitive edge and capturing new market share.
  4. Expansion in International Markets: International markets represent a significant growth opportunity for MiniMed. In a February 2026 earnings call, the company reported double-digit strength in international markets, contributing to its overall organic growth. With approximately two-thirds of its sales generated abroad, continued expansion and increased market penetration in these regions will be a key revenue driver.
  5. Leveraging a Recurring Revenue Model: A substantial portion of MiniMed's revenue comes from a recurring sales model. Approximately 83% of its total revenue is generated by CGMs, other consumables, software, and services. As the company expands its installed base of insulin pumps and continuous glucose monitors globally, the recurring sales of associated consumables and services are expected to provide a stable and growing revenue stream.

AI Analysis | Feedback

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Mkt Price15.2974.96161.2815.4193.9374.96
Mkt Cap4.328.911.31.1163.711.3
Rev LTM-4,8182,9011,02845,1343,859
Op Inc LTM-1,033507-647,705770
FCF LTM-1,429388-397,378909
FCF 3Y Avg-863268-666,319566
CFO LTM-1,782619209,4641,201
CFO 3Y Avg-1,18342048,519801

Growth & Margins

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Rev Chg LTM-16.1%31.9%4.5%6.6%11.4%
Rev Chg 3Y Avg-17.0%28.5%9.7%2.9%13.4%
Rev Chg Q-15.0%33.9%5.5%7.8%11.4%
QoQ Delta Rev Chg LTM-3.3%7.1%1.3%1.8%2.6%
Op Inc Chg LTM-63.4%48.9%64.2%8.0%56.1%
Op Inc Chg 3Y Avg-41.5%298.5%23.8%3.9%32.6%
Op Mgn LTM-21.4%17.5%-6.2%17.1%17.3%
Op Mgn 3Y Avg-17.9%15.7%-14.5%16.6%16.1%
QoQ Delta Op Mgn LTM-1.9%-0.0%10.3%-1.1%0.9%
CFO/Rev LTM-37.0%21.3%1.9%21.0%21.2%
CFO/Rev 3Y Avg-27.1%17.6%0.2%19.9%18.8%
FCF/Rev LTM-29.7%13.4%-3.8%16.3%14.9%
FCF/Rev 3Y Avg-19.6%11.3%-7.7%14.8%13.0%

Valuation

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
Mkt Cap4.328.911.31.1163.711.3
P/S-6.03.91.03.63.8
P/Op Inc-27.922.2-16.521.221.7
P/EBIT-23.724.1-11.518.921.3
P/E-31.037.3-11.126.128.6
P/CFO-16.218.253.717.317.8
Total Yield-3.2%2.7%-9.0%6.4%3.0%
Dividend Yield0.0%0.0%0.0%0.0%2.6%0.0%
FCF Yield 3Y Avg-3.0%1.8%-3.8%3.2%2.4%
D/E0.00.00.10.70.20.1
Net D/E0.0-0.00.00.20.20.0

Returns

MMEDDXCMPODDTNDMABTMedian
NameMinimed DexCom Insulet Tandem D.Abbott L. 
1M Rtn3.9%0.3%7.0%-5.1%5.3%3.9%
3M Rtn9.8%17.1%-18.1%-19.7%-5.8%-5.8%
6M Rtn-17.3%11.2%-44.2%-29.0%-24.6%-24.6%
12M Rtn-17.3%-12.3%-45.8%-4.7%-28.3%-17.3%
3Y Rtn-17.3%-42.9%-42.9%-43.2%-7.2%-42.9%
1M Excs Rtn-1.4%-6.7%-1.5%-15.0%0.4%-1.5%
3M Excs Rtn-0.2%3.1%-30.1%-32.7%-19.0%-19.0%
6M Excs Rtn-26.8%-2.5%-55.5%-41.6%-34.7%-34.7%
12M Excs Rtn-38.3%-32.6%-66.7%-23.7%-49.0%-38.3%
3Y Excs Rtn-87.7%-111.8%-113.2%-107.3%-77.4%-107.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Continuous glucose monitoring (CGM)1,3131,117958
Consumables854777760
Pumps541540477
Other63450
Total2,7142,4682,245


Price Behavior

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MMED Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.810.650.94-0.490.24-0.96
Up Beta1.111.402.131.121.360.37
Down Beta1.341.020.290.84-1.030.31
Up Capture211%96%37%33%15%1%
Bmk +ve Days11244067140429
Stock +ve Days122132373737
Down Capture-54%-30%62%102%68%37%
Bmk -ve Days10172358112321
Stock -ve Days92031424242

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MMED
MMED-17.4%61.0%-0.69-
Sector ETF (XLV)20.3%15.7%0.9836.0%
Equity (SPY)22.1%12.5%1.3131.0%
Gold (GLD)23.5%27.8%0.7521.0%
Commodities (DBC)23.6%18.7%0.99-20.9%
Real Estate (VNQ)13.4%13.9%0.6723.3%
Bitcoin (BTCUSD)-43.4%42.8%-1.21-4.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MMED
MMED-3.7%61.0%-0.69-
Sector ETF (XLV)6.5%14.9%0.2536.0%
Equity (SPY)13.4%17.1%0.6131.0%
Gold (GLD)17.8%18.3%0.7921.0%
Commodities (DBC)7.3%19.5%0.27-20.9%
Real Estate (VNQ)2.9%18.9%0.0523.3%
Bitcoin (BTCUSD)13.5%53.4%0.44-4.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MMED
MMED-1.9%61.0%-0.69-
Sector ETF (XLV)10.3%16.6%0.5136.0%
Equity (SPY)15.6%17.9%0.7531.0%
Gold (GLD)11.6%16.1%0.5921.0%
Commodities (DBC)6.0%18.0%0.26-20.9%
Real Estate (VNQ)5.1%20.7%0.2123.3%
Bitcoin (BTCUSD)58.3%66.2%0.98-4.2%

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Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity4.6 Mil
Short Interest: % Change Since 531202613.0%
Average Daily Volume1.1 Mil
Days-to-Cover Short Interest4.1 days
Basic Shares Quantity280.8 Mil
Short % of Basic Shares1.6%

Earnings Returns History

Updated 7/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/3/202615.9%22.9%26.7%
SUMMARY STATS   
# Positive111
# Negative000
Median Positive15.9%22.9%26.7%
Median Negative   
Max Positive15.9%22.9%26.7%
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/3/202615.9%22.9%26.7%
SUMMARY STATS   
# Positive111
# Negative000
Median Positive15.9%22.9%26.7%
Median Negative   
Max Positive15.9%22.9%26.7%
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202604/17/202610-Q
10/31/202503/06/2026424B4
Collapse to Preview
Report DateFiling DateFiling
01/31/202604/17/202610-Q
10/31/202503/06/2026424B4

Investor Activity (13F)

Updated Jul 11, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sessa Capital IM, L.P.$29.8 Mil0.6%31New13F
Core Cache Last Updated: 7/10/2026