Birnam Oak Advisors, LP

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
32
Total value ($000)
$435,411
Net value change ($000)
+96,913 (28.6%)
New positions
12
Sold out positions
6
Turnover %
82.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CYBR 45,505 NEW
VRNA 29,623 NEW
NSC 28,869 NEW
GTLS 23,662 NEW
Spirit AeroSystems Holdings, Inc. 15,085 NEW
SATS 14,733 NEW
CORZ 11,595 NEW
IPG 11,000 40.7%
FYBR 10,981 41.0%
GJB 10,742 NEW
Top Reduces (Value $000, Stocks/ETFs)
AHC -48,526 -100.0%
CHX -36,778 -100.0%
AKX -26,591 -100.0%
TRIUMPH GROUP INC -18,708 -100.0%
KEL -18,098 -48.2%
WOO -4,907 -100.0%
DNB -4,454 -100.0%
COF -4 -0.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 27,466 (6.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type