Incline Global Management LLC — 13F Holdings & Portfolio

CIK 1567195 · latest 13F-HR filed 2026-08-14

Incline Global Management LLC manages $356.6M in 13F-reported U.S. long-equity assets across 20 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are FTAI (7.69%), LITE (7.44%), COHR (7.11%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 14 new positions and exited 18; 6 existing positions rose in reported value and 0 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$356.6M

Long-equity book

Holdings
20

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+14 / −18 / ↑6 / ↓0

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 64.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 27, 2026.

Assets Under Management
$5.96B
Discretionary
$5.96B
Employees
93
Accounts
32
Address
625 LIBERTY AVENUE
EQT PLAZA - SUITE 2300
PITTSBURGH, PA 15222
Phone
(412) 315-7800
Name Title / Status Ownership Type
BARRY, DEANNA, BETH ControlPARTNER, CHIEF FINANCIAL OFFICER
since Apr 2012
Less than 5%Individual
GLOVER, JOHN, CARL ControlMANAGING PARTNER
since Apr 2011
Less than 5%Individual
GOLDMINTZ, DANIEL, Y. ControlGENERAL COUNSEL & CHIEF COMPLIANCE OFFICER
since May 2024
Less than 5%Individual
INCLINE MANAGEMENT UGP, LLC ControlGENERAL PARTNER
since Jul 2018
Less than 5%Domestic Entity
INCLINE PARTNERS FEEDER, L.P. ControlLIMITED PARTNER
since Apr 2021
75% or moreDomestic Entity
RUBINOV, LEON, MICHAEL ControlSENIOR PARTNER
since Sep 2018
Less than 5%Individual
BLUE OWL GP STAKES ADVANTAGE FUND (A) LPLIMITED PARTNER
since Dec 2024
10–25%Domestic Entity
INDIGO OFFSHORE IM AGGREGATOR (PH IV) LPLIMITED PARTNER
since Apr 2021
5–10%Domestic Entity
ACCESS TRUST Control
Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L.
SHAREHOLDER
since Apr 2021
75% or moreDomestic Entity
BLUE OWL CAPITAL CARRY LP Control
Indirect owner via BLUE OWL GP STAKES GP HOLDINGS LLC
MEMBER
since May 2021
75% or moreDomestic Entity
BLUE OWL CAPITAL GP HOLDINGS LLC Control
Indirect owner via BLUE OWL CAPITAL GP LLC
MANAGING MEMBER
since Nov 2021
75% or moreDomestic Entity
BLUE OWL CAPITAL GP LLC Control
Indirect owner via BLUE OWL CAPITAL CARRY LP
GENERAL PARTNER
since May 2021
General partner, trustee or managerDomestic Entity
BLUE OWL CAPITAL INC. Control
Indirect owner via BLUE OWL CAPITAL GP HOLDINGS LLC
MANAGING MEMBER
since Nov 2021
75% or moreDomestic Entity
BLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE U.S. LLC
MANAGER
since Dec 2023
General partner, trustee or managerForeign Entity
BLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE OFFSHORE INVESTORS LP
GENERAL PARTNER
since Dec 2023
General partner, trustee or managerForeign Entity
BLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE FUND (A) LP
GENERAL PARTNER
since Dec 2023
General partner, trustee or managerForeign Entity
BLUE OWL GP STAKES ADVANTAGE OFFSHORE INVESTORS LP Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE U.S. LLC
MEMBER
since Dec 2023
75% or moreForeign Entity
BLUE OWL GP STAKES ADVANTAGE U.S. LLC Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE FUND (A) LP
LIMITED PARTNER
since Dec 2023
75% or moreDomestic Entity
BLUE OWL GP STAKES GP HOLDINGS LLC Control
Indirect owner via BLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP
GENERAL PARTNER
since Dec 2023
General partner, trustee or managerDomestic Entity
GALLOWAY, ANDREW, DANIEL JAMES Control
Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L.
MANAGER
since Apr 2021
General partner, trustee or managerIndividual
GALLOWAY, ANDREW, DANIEL JAMES Control
Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED
BOARD MEMBER
since Apr 2021
General partner, trustee or managerIndividual
GLOVER, JOHN, CARL Control
Indirect owner via INCLINE MANAGEMENT UGP, LLC
MANAGER
since Jul 2018
50–75%Individual
GLOVER, JOHN, CARL Control
Indirect owner via INCLINE PARTNERS FEEDER, L.P.
LIMITED PARTNER
since Apr 2021
50–75%Individual
INCLINE MANAGEMENT UGP, LLC Control
Indirect owner via INCLINE PARTNERS FEEDER, L.P.
GENERAL PARTNER
since Apr 2021
General partner, trustee or managerDomestic Entity
JONES, WILLIAM, ANTHONY Control
Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L.
MANAGER
since Apr 2021
General partner, trustee or managerIndividual
JONES, WILLIAM, ANTHONY Control
Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED
BOARD MEMBER
since Apr 2021
General partner, trustee or managerIndividual
NBSH ACQUISITION LLC Control
Indirect owner via NBSH BLUE INVESTMENTS, LLC
MANAGING MEMBER
since May 2021
General partner, trustee or managerDomestic Entity
NBSH BLUE INVESTMENTS, LLC Control
Indirect owner via BLUE OWL CAPITAL CARRY LP
LIMITED PARTNER
since May 2021
25–50%Domestic Entity
PETERSHILL IV OFFSHORE SCSP Control
Indirect owner via INDIGO OFFSHORE IM HOLDINGS (PH IV) CORP
SHAREHOLDER
since Apr 2021
75% or moreForeign Entity
PH IV OFFSHORE ADVISORS S.A.R.L. Control
Indirect owner via INDIGO OFFSHORE IM AGGREGATOR (PH IV) LP
GENERAL PARTNER
since Apr 2021
General partner, trustee or managerForeign Entity
RAUSCH, GUNTER Control
Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L.
MANAGER
since Apr 2021
General partner, trustee or managerIndividual
RAUSCH, GUNTER Control
Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED
BOARD MEMBER
since Apr 2021
General partner, trustee or managerIndividual
RUBINOV, LEON, MICHAEL Control
Indirect owner via INCLINE MANAGEMENT UGP, LLC
MANAGER
since Jul 2018
General partner, trustee or managerIndividual
SANNE TRUSTEES (CAYMAN) LIMITED Control
Indirect owner via ACCESS TRUST
TRUSTEE
since Apr 2021
General partner, trustee or managerForeign Entity
INDIGO OFFSHORE IM HOLDINGS (PH IV) CORP
Indirect owner via INDIGO OFFSHORE IM AGGREGATOR (PH IV) LP
LIMITED PARTNER
since Apr 2021
75% or moreDomestic Entity
Ownership & leadership changes · 10 filings with changes since Nov 30, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Dec 20, 2024 filing
  • AddedBLUE OWL CAPITAL CARRY LP · MEMBER · 75% or more · indirect via BLUE OWL GP STAKES GP HOLDINGS LLC · control person
  • AddedBLUE OWL CAPITAL GP HOLDINGS LLC · MANAGING MEMBER · 75% or more · indirect via BLUE OWL CAPITAL GP LLC · control person
  • AddedBLUE OWL CAPITAL GP LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via BLUE OWL CAPITAL CARRY LP · control person
  • AddedBLUE OWL CAPITAL INC. · MANAGING MEMBER · 75% or more · indirect via BLUE OWL CAPITAL GP HOLDINGS LLC · control person
  • AddedBLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP · MANAGER · General partner, trustee or manager · indirect via BLUE OWL GP STAKES ADVANTAGE U.S. LLC · control person
  • AddedBLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP · GENERAL PARTNER · General partner, trustee or manager · indirect via BLUE OWL GP STAKES ADVANTAGE OFFSHORE INVESTORS LP · control person
  • AddedBLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP · GENERAL PARTNER · General partner, trustee or manager · indirect via BLUE OWL GP STAKES ADVANTAGE FUND (A) LP · control person
  • AddedBLUE OWL GP STAKES ADVANTAGE FUND (A) LP · LIMITED PARTNER · 10–25%
  • AddedBLUE OWL GP STAKES ADVANTAGE OFFSHORE INVESTORS LP · MEMBER · 75% or more · indirect via BLUE OWL GP STAKES ADVANTAGE U.S. LLC · control person
  • AddedBLUE OWL GP STAKES ADVANTAGE U.S. LLC · LIMITED PARTNER · 75% or more · indirect via BLUE OWL GP STAKES ADVANTAGE FUND (A) LP · control person
  • AddedBLUE OWL GP STAKES GP HOLDINGS LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via BLUE OWL GP STAKES ADVANTAGE ASSOCIATES LP · control person
  • AddedNBSH ACQUISITION LLC · MANAGING MEMBER · General partner, trustee or manager · indirect via NBSH BLUE INVESTMENTS, LLC · control person
  • AddedNBSH BLUE INVESTMENTS, LLC · LIMITED PARTNER · 25–50% · indirect via BLUE OWL CAPITAL CARRY LP · control person
Jun 6, 2024 filing
  • AddedGOLDMINTZ, DANIEL, Y. · GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBARRY, DEANNA, BETH · title PARTNER, CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER → PARTNER, CHIEF FINANCIAL OFFICER
Jan 25, 2022 filing
  • No longer listedBERTRAM, JUSTIN, LESLIE · SENIOR PARTNER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2011
  • No longer listedBERTRAM, JUSTIN, LESLIE · MANAGER · 25–50% · indirect via INCLINE MANAGEMENT UGP, LLC · control person · listed since Jul 2018
  • No longer listedBERTRAM, JUSTIN, LESLIE · LIMITED PARTNER · 25–50% · indirect via INCLINE PARTNERS FEEDER, L.P. · control person · listed since Apr 2021
  • No longer listedRUBINOV, LEON, MICHAEL · LIMITED PARTNER · 25–50% · indirect via INCLINE PARTNERS FEEDER, L.P. · control person · listed since Apr 2021
  • ChangedBARRY, DEANNA, BETH · title PARTNER, CHIEF FINANCIAL OFFICER → PARTNER, CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER
  • ChangedGLOVER, JOHN, CARL · indirect via INCLINE MANAGEMENT UGP, LLC: ownership 25–50% → 50–75%
  • ChangedGLOVER, JOHN, CARL · indirect via INCLINE PARTNERS FEEDER, L.P.: ownership 25–50% → 50–75%
May 5, 2021 filing
  • No longer listedINCLINE MANAGEMENT CORP. · LIMITED PARTNER · 75% or more · control person · listed since Oct 2018
Apr 29, 2021 filing
  • No longer listedBERTRAM, JUSTIN, LESLIE · SHAREHOLDER · 50–75% · indirect via INCLINE MANAGEMENT CORP. · control person · listed since Apr 2011
  • No longer listedGLOVER, JOHN, CARL · SHAREHOLDER · 50–75% · indirect via INCLINE MANAGEMENT CORP. · control person · listed since Apr 2011
  • AddedACCESS TRUST · SHAREHOLDER · 75% or more · indirect via PH IV OFFSHORE ADVISORS S.A.R.L. · control person
  • AddedBERTRAM, JUSTIN, LESLIE · LIMITED PARTNER · 25–50% · indirect via INCLINE PARTNERS FEEDER, L.P. · control person
  • AddedGALLOWAY, ANDREW, DANIEL JAMES · MANAGER · General partner, trustee or manager · indirect via PH IV OFFSHORE ADVISORS S.A.R.L. · control person
  • AddedGALLOWAY, ANDREW, DANIEL JAMES · BOARD MEMBER · General partner, trustee or manager · indirect via SANNE TRUSTEES (CAYMAN) LIMITED · control person
  • AddedGLOVER, JOHN, CARL · LIMITED PARTNER · 25–50% · indirect via INCLINE PARTNERS FEEDER, L.P. · control person
  • AddedINCLINE MANAGEMENT UGP, LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via INCLINE PARTNERS FEEDER, L.P. · control person
  • AddedINCLINE PARTNERS FEEDER, L.P. · LIMITED PARTNER · 75% or more · control person
  • AddedINDIGO OFFSHORE IM AGGREGATOR (PH IV) LP · LIMITED PARTNER · 5–10%
  • AddedINDIGO OFFSHORE IM HOLDINGS (PH IV) CORP · LIMITED PARTNER · 75% or more · indirect via INDIGO OFFSHORE IM AGGREGATOR (PH IV) LP
  • AddedJONES, WILLIAM, ANTHONY · MANAGER · General partner, trustee or manager · indirect via PH IV OFFSHORE ADVISORS S.A.R.L. · control person
  • AddedJONES, WILLIAM, ANTHONY · BOARD MEMBER · General partner, trustee or manager · indirect via SANNE TRUSTEES (CAYMAN) LIMITED · control person
  • AddedPETERSHILL IV OFFSHORE SCSP · SHAREHOLDER · 75% or more · indirect via INDIGO OFFSHORE IM HOLDINGS (PH IV) CORP · control person
  • AddedPH IV OFFSHORE ADVISORS S.A.R.L. · GENERAL PARTNER · General partner, trustee or manager · indirect via INDIGO OFFSHORE IM AGGREGATOR (PH IV) LP · control person
  • AddedRAUSCH, GUNTER · MANAGER · General partner, trustee or manager · indirect via PH IV OFFSHORE ADVISORS S.A.R.L. · control person
  • AddedRAUSCH, GUNTER · BOARD MEMBER · General partner, trustee or manager · indirect via SANNE TRUSTEES (CAYMAN) LIMITED · control person
  • AddedRUBINOV, LEON, MICHAEL · LIMITED PARTNER · 25–50% · indirect via INCLINE PARTNERS FEEDER, L.P. · control person
  • AddedSANNE TRUSTEES (CAYMAN) LIMITED · TRUSTEE · General partner, trustee or manager · indirect via ACCESS TRUST · control person
  • ChangedBERTRAM, JUSTIN, LESLIE · ownership 5–10% → Less than 5%
  • ChangedGLOVER, JOHN, CARL · ownership 5–10% → Less than 5%
  • ChangedINCLINE MANAGEMENT UGP, LLC · ownership 5–10% → Less than 5%
  • ChangedRUBINOV, LEON, MICHAEL · ownership 5–10% → Less than 5%
Mar 27, 2020 filing
  • ChangedBARRY, DEANNA, BETH · title CHIEF FINANCIAL OFFICER → PARTNER, CHIEF FINANCIAL OFFICER
Mar 28, 2019 filing
  • ChangedBERTRAM, JUSTIN, LESLIE · title PARTNER, CHIEF COMPLIANCE OFFICER → SENIOR PARTNER, CHIEF COMPLIANCE OFFICER
  • ChangedGLOVER, JOHN, CARL · title PARTNER → MANAGING PARTNER
  • ChangedRUBINOV, LEON, MICHAEL · title PARTNER → SENIOR PARTNER
Oct 4, 2018 filing
  • AddedBERTRAM, JUSTIN, LESLIE · MANAGER · 25–50% · indirect via INCLINE MANAGEMENT UGP, LLC · control person
  • AddedBERTRAM, JUSTIN, LESLIE · SHAREHOLDER · 50–75% · indirect via INCLINE MANAGEMENT CORP. · control person
  • AddedGLOVER, JOHN, CARL · MANAGER · 25–50% · indirect via INCLINE MANAGEMENT UGP, LLC · control person
  • AddedGLOVER, JOHN, CARL · SHAREHOLDER · 50–75% · indirect via INCLINE MANAGEMENT CORP. · control person
  • AddedINCLINE MANAGEMENT CORP. · LIMITED PARTNER · 75% or more · control person
  • AddedINCLINE MANAGEMENT UGP, LLC · GENERAL PARTNER · 5–10% · control person
  • AddedRUBINOV, LEON, MICHAEL · PARTNER · 5–10% · control person
  • AddedRUBINOV, LEON, MICHAEL · MANAGER · General partner, trustee or manager · indirect via INCLINE MANAGEMENT UGP, LLC · control person
  • ChangedBERTRAM, JUSTIN, LESLIE · ownership 50–75% → 5–10%
  • ChangedGLOVER, JOHN, CARL · ownership 50–75% → 5–10%
Jan 3, 2018 filing
  • No longer listedBACDAYAN, WANGDALI, COVAR · PARTNER, CHIEF COMPLIANCE OFFICER · 25–50% · control person · listed since Apr 2011
  • ChangedBERTRAM, JUSTIN, LESLIE · title PARTNER → PARTNER, CHIEF COMPLIANCE OFFICER; ownership 25–50% → 50–75%
  • ChangedGLOVER, JOHN, CARL · ownership 25–50% → 50–75%
Jun 29, 2012 filing
  • AddedBARRY, DEANNA, BETH · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Older changes (1 more filing)
Nov 30, 2011 filing (earliest on record)
  • ListedBACDAYAN, WANGDALI, COVAR · PARTNER, CHIEF COMPLIANCE OFFICER · 25–50% · control person
  • ListedBERTRAM, JUSTIN, LESLIE · PARTNER · 25–50% · control person
  • ListedGLOVER, JOHN, CARL · PARTNER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 6 →

Top Trims

  • No decreased positions.
Show all 0 →

Incline Global Management LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 FTAI AVIATION LTD FTAI G3730V105 $27.4M 7.69% 101,339 SH
2 LUMENTUM HLDGS INC LITE 55024U109 $26.5M 7.44% 30,913 SH
3 COHERENT CORP COHR 19247G107 $25.3M 7.11% 64,234 SH
4 WEX INC WEX 96208T104 $24.7M 6.92% 174,922 SH
5 AMAZON COM INC AMZN 023135106 $23.2M 6.51% 97,445 SH
6 META PLATFORMS INC META 30303M102 $22.1M 6.19% 39,210 SH
7 FLEX LTD FLEX Y2573F102 $20.8M 5.83% 128,314 SH
8 SK TELECOM CO LTD SKM 78440P306 $20.4M 5.73% 634,809 SH
9 ON SEMICONDUCTOR CORP ON 682189105 $19.8M 5.57% 209,905 SH
10 NVIDIA CORPORATION NVDA 67066G104 $19.0M 5.33% 95,027 SH
11 VERTIV HOLDINGS CO VRT 92537N108 $18.8M 5.28% 56,183 SH
12 STONECO LTD STNE G85158106 $17.8M 4.99% 1,642,178 SH
13 ARISTA NETWORKS INC ANET 040413205 $17.5M 4.91% 102,954 SH
14 PAGSEGURO DIGITAL LTD PAGS G68707101 $15.1M 4.25% 1,673,921 SH
15 STMICROELECTRONICS N V STM 861012102 $15.0M 4.20% 199,831 SH
16 ANALOG DEVICES INC ADI 032654105 $14.8M 4.16% 37,353 SH
17 TALEN ENERGY CORP TLN 87422Q109 $11.8M 3.31% 30,752 SH
18 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $7.6M 2.14% 15,987 SH
19 NVENT ELEC PLC NVT G6700G107 $6.0M 1.68% 35,326 SH
20 POWER INTEGRATIONS INC POWI 739276103 $2.7M 0.76% 32,493 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $356.6M 20 0001172661-26-003649
2026-03-31 2026-05-15 $254.6M 24 0001172661-26-002077
2025-12-31 2026-02-17 $292.7M 30 0001172661-26-001040
2025-09-30 2025-11-14 $337.3M 27 0001172661-25-005000
Filer Information
Address
40 WEST 57TH STREET
SUITE 1430
NEW YORK, NY 10019
Phone
(212) 488-2913
Filing Manager
Incline Global Management LLC
New York, NY
Signatory
Michael Zucaro
Chief Financial Officer