Carmenna Advisors LLC
Annual return '25
+16.0%
SPY '25
+17.7%
Alpha
-1.7ptsvs SPY
Invested
$662.8M
Holdings
179
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$DYNF
BLACKROCK ETF TRUST
Held since at least Q1 2024
6.4%
02
$QUAL
ISHARES TR
Q1 2026: Sold 42.7% (25.4k → 14.6k shares)
5.6%
03
$SCHZ
SCHWAB STRATEGIC TR
Held since at least Q1 2024
5.1%
04
$SPYM
SPDR SERIES TRUST
Q1 2026: Exited (was 7.1k shares)
4.9%
05
$IVW
ISHARES TR
Q1 2026: Increased +1.0% (64.9k → 65.6k shares)
4.6%
06
$IUSB
ISHARES TR
Held since at least Q1 2024
3.9%
07
$EFV
ISHARES TR
Q4 2025: New position (6.2k shares)
3.8%
08
$XLG
INVESCO EXCHANGE TRADED FD T
Q1 2026: Increased +38.5% (10.3k → 14.2k shares)
3.6%
09
$IVE
ISHARES TR
Q1 2026: Increased +3.2% (11.5k → 11.8k shares)
3.3%
10
$MBB
ISHARES TR
Held since at least Q1 2024
3.2%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 12:38 UTC.