Flat Footed LLC
Flat Footed LLC reported 20 US-listed holdings worth $576.6 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Diversified Healthcare Trust (37.9%), Core Natural Resources, Inc. (16.2%) and Service Pptys Trust (15.0%). Against the quarter before, it opened 8 positions, added to 7, trimmed 4 and sold out of 2.
The 14 largest of its 20 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 +89.0% over the 7 quarters to 30 June 2026, against +30.2% 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 8
- Fiserv Inc. FISV$11.8 million
- Transocean Ltd RIG$7.8 million
- EQT Corp. EQT$7.7 million
- FMC Corp. FMC$7.4 million
- Seacor Marine Holdings Inc SMHI$5.2 million
- Peabody Energy Corp. BTU$1.7 million
- Orchestra Biomed Holdings in OBIO$1.1 million
- Pangaea Logistics Solution L PANL$973,739
Added to 7
- Core Natural Resources, Inc. CNR+1.1 million shares · +2493%
- Service Pptys Trust SVC+50.2 million shares · +5884%
- Howard Hughes Holdings Inc. HHH+405,130 shares · +188%
- Grifols S.a. GRFS+3.0 million shares · +217%
- Teekay Corp Ltd - US TK+146,149 shares · +9%
- RMR Group Inc. RMR+58,768 shares · +7%
- Summit Midstream Corporation SMC+34,239 shares · +28%
Trimmed 4
- Industrial Logistics Pptys T ILPT-1.1 million shares · -74%
- I-80 Gold Corp. IAUX-3.7 million shares · -67%
- Seven Hills Realty Trust SEVN-350,149 shares · -81%
- Ardmore Shipping Corp. ASC-55,831 shares · -6%
Sold out of 2
- Brookdale SR Living Inc. BKD$32.7 million last quarter
- Civeo Corp. Cda CVEO$9.2 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Diversified Healthcare Trust DHC | 23.5M | $218.4 million | 37.88% | no change |
| Core Natural Resources, Inc. CNR | 1.2M | $93.3 million | 16.18% | +1.1M |
| Service Pptys Trust SVC | 51.0M | $86.2 million | 14.95% | +50.2M |
| Howard Hughes Holdings Inc. HHH | 620.4K | $44.4 million | 7.69% | +405.1K |
| Grifols S.a. GRFS | 4.3M | $30.8 million | 5.34% | +3.0M |
| Teekay Corp Ltd - US TK | 1.8M | $17.7 million | 3.07% | +146.1K |
| RMR Group Inc. RMR | 861.5K | $17.7 million | 3.07% | +58.8K |
| Ardmore Shipping Corp. ASC | 948.9K | $13.3 million | 2.31% | -55.8K |
| Fiserv Inc. FISV | 240.0K | $11.8 million | 2.04% | new |
| Transocean Ltd RIG | 1.6M | $7.8 million | 1.36% | new |
| EQT Corp. EQT | 145.0K | $7.7 million | 1.34% | new |
| FMC Corp. FMC | 647.7K | $7.4 million | 1.29% | new |
| Seacor Marine Holdings Inc SMHI | 683.8K | $5.2 million | 0.91% | new |
| Summit Midstream Corporation SMC | 158.5K | $4.5 million | 0.78% | +34.2K |
| Industrial Logistics Pptys T ILPT | 371.2K | $3.3 million | 0.57% | -1.1M |
| I-80 Gold Corp. IAUX | 1.8M | $2.6 million | 0.45% | -3.7M |
| Peabody Energy Corp. BTU | 74.5K | $1.7 million | 0.30% | new |
| Orchestra Biomed Holdings in OBIO | 251.4K | $1.1 million | 0.19% | new |
| Pangaea Logistics Solution L PANL | 149.8K | $973,739 | 0.17% | new |
| Seven Hills Realty Trust SEVN | 83.0K | $700,052 | 0.12% | -350.1K |
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Change is shares against its 13F for the quarter before; the 2 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Trust HYG | Puts | 2.2M | $176.7 million |
| Royal Bank of Canada RY | Puts | 385.0K | $79.7 million |
| Canadian Imperial Bank of Commerce CM | Puts | 582.5K | $67.0 million |
| Toronto-Dominion Bank TD | Puts | 462.5K | $56.2 million |
| Marriott International Inc. MAR | Puts | 121.9K | $45.2 million |
| Bank of Montreal BMO | Puts | 252.0K | $44.5 million |
| Carvana Co. CVNA | Puts | 618.0K | $40.7 million |
| Hilton Worldwide Holdings Inc. HLT | Puts | 115.5K | $38.2 million |
| Affirm Hldgs Inc. AFRM | Puts | 390.0K | $31.8 million |
| SPDR Ser Trust KIE | Puts | 403.3K | $24.6 million |
| iShares Trust IYR | Puts | 230.0K | $23.5 million |
| Royal Caribbean Cruises Ltd. RCL | Puts | 72.0K | $22.9 million |
| Bank of Nova Scotia BNS | Puts | 232.5K | $20.2 million |
| MGM Resorts International MGM | Puts | 360.0K | $17.2 million |
| Welltower Inc. WELL | Puts | 41.3K | $9.4 million |
| Core Natural Resources, Inc. CNR | Calls | 95.0K | $7.6 million |
| Marriott Vacations Worldwide Corp. VAC | Puts | 70.0K | $7.1 million |
| Performance Food Group Co. PFGC | Puts | 55.0K | $6.1 million |
| Ventas, Inc. VTR | Puts | 66.5K | $5.9 million |
| Ryman Hospitality Properties, Inc. RHP | Puts | 32.5K | $4.2 million |
| Perdoceo Education Corp. PRDO | Puts | 29.8K | $953,600 |
| Strategic Education, Inc. STRA | Puts | 5.5K | $421,410 |
22 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.