Birnam Oak Advisors, LP

The portfolio is currently concentrated, holding 26 total positions, with the top 10 holdings accounting for a substantial majority of the assets. The shift away from broad market ETFs and blue-chip conglomerates toward a high-conviction mix of thematic growth, special situations, and select cyclicals suggests a move toward higher alpha generation and higher risk tolerance. The "Unknown" sector allocation ($63.77M), which includes CyberArk and Core Scientific, indicates a significant portion of the portfolio is deployed in companies that may fall outside traditional GICS classifications or are recently listed/restructured entities, underscoring a focus on idiosyncratic opportunities.

Key Holdings

The portfolio is dominated by a few high-conviction names, with the top three positions constituting over 50% of the total assets.