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.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box 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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe 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.
As of the firm’s regulatory filing dated Apr 27, 2026.
EQT PLAZA - SUITE 2300
PITTSBURGH, PA 15222
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BARRY, DEANNA, BETH Control | PARTNER, CHIEF FINANCIAL OFFICER since Apr 2012 | Less than 5% | Individual |
| GLOVER, JOHN, CARL Control | MANAGING PARTNER since Apr 2011 | Less than 5% | Individual |
| GOLDMINTZ, DANIEL, Y. Control | GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER since May 2024 | Less than 5% | Individual |
| INCLINE MANAGEMENT UGP, LLC Control | GENERAL PARTNER since Jul 2018 | Less than 5% | Domestic Entity |
| INCLINE PARTNERS FEEDER, L.P. Control | LIMITED PARTNER since Apr 2021 | 75% or more | Domestic Entity |
| RUBINOV, LEON, MICHAEL Control | SENIOR PARTNER since Sep 2018 | Less than 5% | Individual |
| BLUE OWL GP STAKES ADVANTAGE FUND (A) LP | LIMITED PARTNER since Dec 2024 | 10–25% | Domestic Entity |
| INDIGO OFFSHORE IM AGGREGATOR (PH IV) LP | LIMITED 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 more | Domestic Entity |
| BLUE OWL CAPITAL CARRY LP Control Indirect owner via BLUE OWL GP STAKES GP HOLDINGS LLC | MEMBER since May 2021 | 75% or more | Domestic Entity |
| BLUE OWL CAPITAL GP HOLDINGS LLC Control Indirect owner via BLUE OWL CAPITAL GP LLC | MANAGING MEMBER since Nov 2021 | 75% or more | Domestic Entity |
| BLUE OWL CAPITAL GP LLC Control Indirect owner via BLUE OWL CAPITAL CARRY LP | GENERAL PARTNER since May 2021 | General partner, trustee or manager | Domestic Entity |
| BLUE OWL CAPITAL INC. Control Indirect owner via BLUE OWL CAPITAL GP HOLDINGS LLC | MANAGING MEMBER since Nov 2021 | 75% or more | Domestic 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 manager | Foreign 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 manager | Foreign 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 manager | Foreign 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 more | Foreign 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 more | Domestic 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 manager | Domestic 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 manager | Individual |
| GALLOWAY, ANDREW, DANIEL JAMES Control Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED | BOARD MEMBER since Apr 2021 | General partner, trustee or manager | Individual |
| 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 manager | Domestic Entity |
| JONES, WILLIAM, ANTHONY Control Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L. | MANAGER since Apr 2021 | General partner, trustee or manager | Individual |
| JONES, WILLIAM, ANTHONY Control Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED | BOARD MEMBER since Apr 2021 | General partner, trustee or manager | Individual |
| NBSH ACQUISITION LLC Control Indirect owner via NBSH BLUE INVESTMENTS, LLC | MANAGING MEMBER since May 2021 | General partner, trustee or manager | Domestic 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 more | Foreign 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 manager | Foreign Entity |
| RAUSCH, GUNTER Control Indirect owner via PH IV OFFSHORE ADVISORS S.A.R.L. | MANAGER since Apr 2021 | General partner, trustee or manager | Individual |
| RAUSCH, GUNTER Control Indirect owner via SANNE TRUSTEES (CAYMAN) LIMITED | BOARD MEMBER since Apr 2021 | General partner, trustee or manager | Individual |
| RUBINOV, LEON, MICHAEL Control Indirect owner via INCLINE MANAGEMENT UGP, LLC | MANAGER since Jul 2018 | General partner, trustee or manager | Individual |
| SANNE TRUSTEES (CAYMAN) LIMITED Control Indirect owner via ACCESS TRUST | TRUSTEE since Apr 2021 | General partner, trustee or manager | Foreign 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 more | Domestic 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.
- 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
- 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
- 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%
- No longer listedINCLINE MANAGEMENT CORP. · LIMITED PARTNER · 75% or more · control person · listed since Oct 2018
- 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%
- ChangedBARRY, DEANNA, BETH · title CHIEF FINANCIAL OFFICER → PARTNER, CHIEF FINANCIAL OFFICER
- 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
- 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%
- 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%
- AddedBARRY, DEANNA, BETH · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Older changes (1 more filing)
- 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)
- WEX INC$22.3M +929.6%
- STONECO LTD$15.9M +858.9%
- PAGSEGURO DIGITAL LTD$13.5M +801.7%
- COHERENT CORP$11.5M +83.0%
- AMAZON COM INC$9.9M +73.9%
New Positions
- FTAI AVIATION LTD$27.4M
- LUMENTUM HLDGS INC$26.5M
- FLEX LTD$20.8M
- SK TELECOM CO LTD$20.4M
- ON SEMICONDUCTOR CORP$19.8M
Exited Positions
- EVERFORTH ORD$17.0M
- CARNIVAL ORD$16.6M
- TE CONNECTIVITY ORD$15.8M
- NORWEGIAN CRUISE LINE HOLDINGS ORD$15.7M
- CBRE GROUP CL A ORD$15.7M
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 |
| 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 |
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NEW YORK, NY 10019