Incision Capital Management LP has filed its latest 13F-HR report with the SEC, detailing its investment holdings as of September 30, 2026. The filing shows that the firm manages a total of approximately $98.9 million in assets, reflecting its strategic positioning in various sectors.

This update is significant as it provides insights into Incision's investment strategies and areas of focus. The firm has made notable investments in companies across different industries, including mining and consumer goods. Such disclosures can influence market perceptions and strategic decisions among competitors in the investment management industry.

Background

Incision Capital Management LP is based in San Francisco, California, and operates under the Central Index Key (CIK) number 0002049997. The firm is categorized as an investment manager, focusing on a diverse range of investment strategies. Its recent filings include several 13F-HR reports, with the latest dated November 13, 2026, and covering the reporting period ending September 30, 2026.

What the Filing Says

The recent filing indicates that Incision Capital Management holds investments in six different companies, with a total reported value of $98,891,800. Among its notable positions are:

- Cleveland-Cliffs Inc: 1,280,000 shares valued at $14,092,800

- Crocs Inc: 60,000 shares valued at $7,038,600

- Eldorado Gold Corp: 250,000 shares valued at $9,622,500

- Equinox Gold Corp: 1,300,000 shares valued at $14,443,000

- Sea Ltd: 315,000 shares valued at $30,668,400

- Teck Resources Ltd: 350,000 shares valued at $23,026,500

Impact

This filing may affect various stakeholders, including investors, analysts, and competitors within the investment management sector. The disclosed holdings provide a snapshot of Incision's market strategies and could influence investment decisions and competitive strategies among similar firms.

What's Next

The filing does not specify what happens next for Incision Capital Management LP. However, it is expected that the firm will continue to monitor and adjust its investment portfolio in response to market conditions and opportunities.