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Inherent Management Corp. — 13F Holdings & Portfolio

CIK 2026217 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Inherent Management Corp. manages $257.6M in 13F-reported U.S. long-equity assets across 11 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VEA (23.41%), PAX (20.58%), IEMG (13.36%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 1; 4 existing positions rose in reported value and 3 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.

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AUM
$257.6M

Long-equity book

Holdings
11

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+3 / −1 / ↑4 / ↓3

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VEA23.4% · -28%PAX20.6% · newIEMG13.4% · 0%SHC11.4% · 0%NEE9.7% · 0%TDG5.2% · 0%URTH4.8% · 0%STEP4.2% · +13%PFSI4.1% · newCBRS1.8% · newEVTL1.5% · 0%

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 = 98.5%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 13, 2026.

Address
300 PARK AVE
C/O STUDIO, 2ND FLOOR
NEW YORK, NY 10022
Phone
(646) 494-0202
Website
Mailing Address
450 LEXINGTON AVE #4503, NEW YORK, NY, 10163
This firm reports 1 disclosure item on its registration.
Name Title / Status Ownership Type
DAVIS, ANTHONY, LYNN ControlCHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, LIMITED PARTNER
since Aug 2017
75% or moreIndividual
ELLIS, MICHAEL, AARON ControlMANAGING DIRECTOR, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER
since Aug 2017
Less than 5%Individual
INHERENT GROUP GP, LLC ControlGENERAL PARTNER
since Aug 2017
Less than 5%Domestic Entity
DAVIS, ANTHONY, LYNN Control
Indirect owner via INHERENT GROUP GP, LLC
MANAGING MEMBER, SOLE MEMBER
since Aug 2017
75% or moreIndividual
Ownership & leadership changes · 7 filings with changes since Dec 6, 2017

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.

Nov 4, 2024 filing
  • No longer listedSCHAEFER-KLYAP, DANIELLE "NMN" · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Jan 2018
Aug 8, 2024 filing
  • No longer listedALD 2018 GST TRUST · MANAGING MEMBER · 50–75% · indirect via INHERENT HOLDINGS, LLC · control person · listed since Mar 2018
  • No longer listedDAVIS, ANTHONY, LYNN · MANAGING MEMBER · 50–75% · indirect via INHERENT HOLDINGS, LLC · control person · listed since Jan 2018
  • No longer listedINHERENT HOLDINGS, LLC · LIMITED PARTNER · 75% or more · control person · listed since Mar 2018
  • ChangedDAVIS, ANTHONY, LYNN · title CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER → CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, LIMITED PARTNER; ownership Less than 5% → 75% or more
Sep 7, 2023 filing
  • No longer listedMIRCHANDANI, NIKHIL, DEEPAK · PORTFOLIO MANAGER · 10–25% · listed since Jan 2020
Mar 31, 2023 filing
  • ChangedDAVIS, ANTHONY, LYNN · title CHIEF EXECUTIVE OFFICER CHIEF INVESTMENT OFFICER → CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER
Mar 31, 2022 filing
  • AddedMIRCHANDANI, NIKHIL, DEEPAK · PORTFOLIO MANAGER · 10–25%
Mar 31, 2018 filing
  • AddedALD 2018 GST TRUST · MANAGING MEMBER · 50–75% · indirect via INHERENT HOLDINGS, LLC · control person
  • AddedDAVIS, ANTHONY, LYNN · MANAGING MEMBER · 50–75% · indirect via INHERENT HOLDINGS, LLC · control person
  • AddedINHERENT HOLDINGS, LLC · LIMITED PARTNER · 75% or more · control person
  • AddedSCHAEFER-KLYAP, DANIELLE "NMN" · CHIEF FINANCIAL OFFICER · Less than 5% · control person
  • ChangedDAVIS, ANTHONY, LYNN · title CHIEF EXECUTIVE OFFICER, LIMITED PARTNER → CHIEF EXECUTIVE OFFICER CHIEF INVESTMENT OFFICER; ownership 75% or more → Less than 5%
Jan 2, 2018 filing
  • ChangedDAVIS, ANTHONY, LYNN · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER, LIMITED PARTNER
Dec 6, 2017 filing (earliest on record)
  • ListedDAVIS, ANTHONY, LYNN · CHIEF EXECUTIVE OFFICER · 75% or more · control person
  • ListedDAVIS, ANTHONY, LYNN · MANAGING MEMBER, SOLE MEMBER · 75% or more · indirect via INHERENT GROUP GP, LLC · control person
  • ListedELLIS, MICHAEL, AARON · MANAGING DIRECTOR, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedINHERENT GROUP GP, LLC · GENERAL PARTNER · Less than 5% · 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 4 →

Top Trims

Show all 3 →

New Positions

Show all 3 →

Exited Positions

Show all 1 →

Inherent Management Corp. 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 VANGUARD TAX-MANAGED FDS VEA 921943858 $60.3M 23.41% 846,437 SH
2 PATRIA INVESTMENTS LIMITED PAX G69451105 $53.0M 20.58% 290,831 SH
3 ISHARES INC IEMG 46434G103 $34.4M 13.36% 415,605 SH
4 SOTERA HEALTH CO SHC 83601L102 $29.5M 11.44% 1,660,128 SH
5 NEXTERA ENERGY INC NEE 65339F101 $25.0M 9.69% 284,500 SH
6 TRANSDIGM GROUP INC TDG 893641100 $13.3M 5.17% 10,000 SH
7 ISHARES INC URTH 464286392 $12.3M 4.77% 60,650 SH
8 STEPSTONE GROUP INC STEP 85914M107 $10.9M 4.23% 263,729 SH
9 PENNYMAC FINL SVCS INC NEW PFSI 70932M107 $10.5M 4.06% 120,000 SH
10 CEREBRAS SYSTEMS INC - A CBRS 15675D103 $4.7M 1.81% 425,000 SH
11 VERTICAL AEROSPACE LTD EVTL G9471C206 $3.8M 1.47% 2,181,883 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $257.6M 11 0001405086-26-000602
2026-03-31 2026-05-14 $196.8M 9 0001405086-26-000302
2025-12-31 2026-02-17 $194.9M 8 0001405086-26-000104
2025-09-30 2025-11-14 $174.4M 8 0001405086-25-000355
Filer Information
Address
300 PARK AVE
C/O STUDIO, 2ND FLOOR
NEW YORK, NY 10022
Phone
(646) 494-0202
Filing Manager
Inherent Management Corp.
NEW YORK, NY
Signatory
MICHAEL ELLIS
CHIEF OPERATING OFFICER