Arena Capital Advisors, LLC- CA

Arena Capital Advisors, LLC- CA, managed by Jeremy Sagi, reported 20 positions worth $207.87M in its 2026 Q2 13F filing: 2 new and 2 closed.

Estimated return

Since 2025 Q2 the disclosed positions returned an estimated +25.9% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).

Quarter	Fund	S&P 500
2025 Q2	+26.3%	+11.4%
2025 Q3	-11.0%	+7.6%
2025 Q4	+3.3%	+3.1%
2026 Q1	+2.0%	-5.8%
2026 Q2	+6.4%	+15.5%

Top holdings, 2026 Q2

Ticker	Company	Value	Portfolio %	Change
PCG	PG&E CORP	$39.75M	19.10%	-4.9%
HLF	HERBALIFE LTD	$29.91M	14.41%	+14.1%
ALRM	ALARM COM HLDGS INC	$25.35M	12.20%	NO CHANGE
EVH	EVOLENT HEALTH INC	$24.11M	11.60%	NO CHANGE
LNT	ALLIANT ENERGY CORP	$19.14M	9.20%	NEW
FOUR	SHIFT4 PMTS INC	$17.54M	8.40%	NO CHANGE
PSUS	PERSHING SQUARE USA LTD	$16.35M	7.90%	NEW
ITGR	INTEGER HLDGS CORP	$13.57M	6.50%	-7.4%
UNIT	UNITI GROUP LLC	$9.70M	4.70%	-17.3%
PL	PLANET LABS PBC	$5.12M	2.50%	NO CHANGE
VATE	INNOVATE CORP	$2.39M	1.10%	NO CHANGE
SPET	SPECTRUM BRANDS INC	$2.02M	0.97%	-28%
VGSH	VANGUARD SCOTTSDALE FDS	$1.75M	0.84%	NO CHANGE
VGIT	VANGUARD SCOTTSDALE FDS	$589.80K	0.28%	NO CHANGE
APO	APOLLO GLOBAL MGMT INC	$295.77K	0.14%	NO CHANGE
TBLA	TABOOLA.COM LTD	$259.87K	0.13%	NO CHANGE
MOBXW	MOBIX LABS INC	$16.98K	0.00%	NO CHANGE
AUROW	AURORA INNOVATION INC	$6.49K	0.00%	NO CHANGE
LIMNW	LIMINATUS PHARMA INC.	$2.19K	0.00%	NO CHANGE
PARAW	BANZAI INTERNATIONAL INC	$382	0.00%	NO CHANGE

All funds · Hedge Fund Tracker

Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.