Caspian Capital LP
Caspian Capital LP reported 13 US-listed holdings worth $176.1 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: iShares Trust (22.7%), Bausch Plus Lomb Corp. (18.8%) and FTAI Infrastructure Inc (13.7%). Against the quarter before, it opened 4 positions, added to 2, trimmed 1 and sold out of 0.
The 13 largest of its 13 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +10.4% over the 2 quarters to 30 June 2026, against +9.5% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 4
- iShares Trust HYG$40.0 million
- Union Pacific Corp. UNP$11.4 million
- Azul Sa-Spon ADR AZUL$9.3 million
- A2Z CUST2MATE Solutions Corp. AZ$3.0 million
Added to 2
- NRG Energy, Inc. NRG+18,000 shares · +82%
- Astronics Corp. ATRO+18,241 shares · +7%
Trimmed 1
- Multiplan Corporation CTEV-175,424 shares · -49%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| iShares Trust HYG | 500.0K | $40.0 million | 22.70% | new |
| Bausch Plus Lomb Corp. BLCO | 2.0M | $33.1 million | 18.80% | no change |
| FTAI Infrastructure Inc FIP | 5.2M | $24.2 million | 13.73% | no change |
| Astronics Corp. ATRO | 286.0K | $23.2 million | 13.19% | +18.2K |
| Ftai Aviation Ltd FTAI | 46.4K | $12.6 million | 7.13% | no change |
| Union Pacific Corp. UNP | 42.0K | $11.4 million | 6.49% | new |
| Azul Sa-Spon ADR AZUL | 1.0M | $9.3 million | 5.28% | new |
| Multiplan Corporation CTEV | 180.8K | $6.2 million | 3.50% | -175.4K |
| NRG Energy, Inc. NRG | 40.0K | $5.8 million | 3.32% | +18.0K |
| Hudson Technologies Inc. HDSN | 728.3K | $4.2 million | 2.37% | no change |
| Xponential Fitness Inc-A XPOF | 450.4K | $3.1 million | 1.77% | no change |
| A2Z CUST2MATE Solutions Corp. AZ | 518.5K | $3.0 million | 1.71% | new |
| Suncar Technology Equity 28 SDAWW | 50.0K | $8,150 | 0.00% | no change |