Stocks/Funds/CIK 1666231

Union Square Park Capital Management, LLC

Quarterly 13F filings · Latest period 2026-03-31 · CIK 1666231
Assets
$150M
+65.0% YoY
Holdings
69
Lifetime alpha vs market
-32.97% annual
Average hold time
1.1 yr
median 0.8 yr

Quarterly history

Cum return -69% vs S&P +52% · α -121% lifetimeAUM $150M · peak $177MFlow $33M (+26%)2020-122021-122022-122023-122024-122025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+8.58%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.14%
baseline attrition
Rally response
-14.48%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
RDNWRideNow Group, Inc.$10M6.7%2.8 yr
RHRh$9M6.1%-40.4%5.3 yr
TDOCTeladoc Health, Inc.$7M4.7%-31.5%1.0 yr
PTONPeloton Interactive, Inc$6M4.3%-32.1%2.3 yr
ESTAEstablishment Labs Holdi$6M4.0%+39.1%2.8 yr
PYPLPayPal Holdings, Inc.$6M3.8%-30.3%2.0 yr
$5M3.1%1.3 yr
ILPTIndustrial Logistics Pro$4M2.9%+70.6%3.0 yr
COMPCompass, Inc.$4M2.8%-16.3%2.3 yr
LYFTLyft, Inc.$4M2.7%+12.0%1.0 yr
ABNBAirbnb, Inc.$4M2.5%+5.7%0.8 yr
DBIDesigner Brands Inc.$4M2.5%+62.1%0.8 yr
SPWHSportsman's Warehouse Ho$4M2.4%+41.8%4.5 yr
YNDXYandex N.V.$3M2.1%0.5 yr
CTRICenturi Holdings, Inc.$3M1.9%+78.2%0.8 yr

Portfolio composition (YoY)

Industry mix
Specialty Retail9.9%-1.1pp$15M
Software - Application7.7%-1.8pp$12M
Auto - Dealerships6.7%+3.6pp$10M
Semiconductors6.1%+3.9pp$9M
Internet Content & Information5.5%-0.3pp$8M
Unknown4.9%+1.0pp$7M
Medical - Healthcare Information Services4.7%$7M
Leisure4.3%-0.9pp$6M
Financial - Credit Services4.1%+2.3pp$6M
Medical - Devices4.0%-1.2pp$6M
Country
US88.1%+0.5pp
Unknown4.9%+1.0pp
CR4.0%-1.2pp
RU2.1%+0.9pp
IL0.9%-0.3pp
Top 5: 25.7% · Top 10: 40.9% · Top 25: 67.3%

Winners

TickerPrev $PnLYoY %
VRT$1M+0.00B247.5%
ILPT$4M+0.00B70.6%
AMD$2M+0.00B98.0%
ESTA$5M+0.00B39.1%
ANET$2M+0.00B58.5%

Losers

TickerPrev $PnLYoY %
RH$8M-0.00B-40.4%
PTON$5M-0.00B-32.1%
COMP$3M-0.00B-16.3%
PYPL$2M-0.00B-30.3%

Top buys this quarter · 15

FCX Freeport-McMoRan Inc.new+$2M
PTON Peloton Interactive, Inc.+$6M
MNRO Monro, Inc.new+$2M
CORZ Core Scientific, Inc.new+$1M
RH Rh+$9M
DRS Leonardo DRS, Inc.new+$1M
AVGO Broadcom Inc.+$1M
LHX L3Harris Technologies, Inc.new+$1M
UAL United Airlines Holdings, Inc.new+$1M
SKY Champion Homes, Inc.new+$1M

Top sells this quarter · 13

CZR Caesars Entertainment, Inc.$7M
MHK Mohawk Industries, Inc.$3M
VRT Vertiv Holdings Co$3M
OPRT Oportun Financial Corporation$2M
NVRI Enviri Corporation$2M
GOOG Alphabet Inc.$1M
ILPT Industrial Logistics Propertie$1M
COMP Compass, Inc.$1M
FTHM Fathom Holdings Inc.$0M
$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$150M69+21.99%+17.59%+4.40%+0.03B
2025-12-31$128M42+26.66%+17.72%+8.94%-0.02B
2025-09-30$145M45+27.56%+17.52%+10.04%+0.02B
2025-06-30$115M40+31.50%+14.94%+16.56%+0.01B
2025-03-31$91M37+6.32%+8.30%-1.98%+0.00B
2024-12-31$92M25+1.57%+24.89%-23.31%+0.01B
2024-09-30$74M24-1.58%+36.04%-37.62%+0.00B
2024-06-30$65M22-30.25%+24.49%-54.74%+0.01B
2024-03-31$53M21-25.88%+29.62%-55.50%+0.00B
2023-12-31$56M28-22.99%+26.18%-49.17%+0.00B
2023-09-30$51M21-44.82%+21.57%-66.39%-0.01B
2023-06-30$76M25-45.67%+19.42%-65.10%+0.01B
2023-03-31$63M24-68.05%-7.82%-60.23%+0.03B
2022-12-31$37M23-27.52%+7.56%-35.08%-0.01B
2022-09-30$69M90-22.21%-4.93%-17.28%+0.00B
2022-06-30$84M112-39.94%-16.11%-23.83%+0.01B