# Decagon Asset Management LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1950677. Source: https://holderbook.com/funds/1950677-decagon-asset-management-llp/

- Reported value: $524.7M
- Positions: 103
- Weight of the ten largest: 61.7%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $58.0M | 184,363 | 11.1% | 3 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $54.4M | 393,636 | 10.4% | 1 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $49.0M | 564,664 | 9.3% | 1 |
| PENUMBRA INC | [PEN](https://holderbook.com/stocks/PEN/) | $44.8M | 142,001 | 8.5% | 2 |
| SELECT MED HLDGS CORP | [SEM](https://holderbook.com/stocks/SEM/) | $44.8M | 2,715,536 | 8.5% | 1 |
| COLOMBIER ACQUISITION CORP I | [CLBR](https://holderbook.com/stocks/CLBR/) | $17.1M | 1,672,035 | 3.3% | 2 |
| LIONHEART HOLDINGS | [CUB](https://holderbook.com/stocks/CUB/) | $16.2M | 1,500,000 | 3.1% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $13.9M | 0 | 2.7% | 1 |
| VIKING ACQUISITION CORP I | [VACI](https://holderbook.com/stocks/VACI/) | $13.6M | 1,330,620 | 2.6% | 1 |
| QUANTUM LEAP ACQUISITION COR | - | $12.0M | 1,204,380 | 2.3% | 1 |
| OAKTREE ACQUISITION CORP III | [OACC](https://holderbook.com/stocks/OACC/) | $11.7M | 1,091,327 | 2.2% | 7 |
| APEX TECH ACQUISITION INC | [TRADU](https://holderbook.com/stocks/TRADU/) | $11.2M | 1,101,744 | 2.1% | 2 |
| HELIX ACQUISITION CORP III | [HLXC](https://holderbook.com/stocks/HLXC/) | $11.1M | 1,044,766 | 2.1% | 2 |
| ARCHIMEDES TECH SPAC PARTNER | [ATII](https://holderbook.com/stocks/ATII/) | $10.1M | 937,829 | 1.9% | 1 |
| NEW AMER ACQUISITION I CORP | [NWAX](https://holderbook.com/stocks/NWAX/) | $10.1M | 995,209 | 1.9% | 2 |
| GALAXYEDGE ACQUISITION CORP | [GLED-UN](https://holderbook.com/stocks/GLED-UN/) | $9.8M | 990,000 | 1.9% | 1 |
| BHAV ACQUISITION CORP | [BHAVR](https://holderbook.com/stocks/BHAVR/) | $9.8M | 990,000 | 1.9% | 1 |
| QUASAREDGE ACQUISITION CORP | [QRED-RI](https://holderbook.com/stocks/QRED-RI/) | $9.8M | 990,000 | 1.9% | 1 |
| JAB ACQUISITION CORP I | [JABRW](https://holderbook.com/stocks/JABRW/) | $9.1M | 908,000 | 1.7% | 1 |
| STARLINK AI ACQUISITION CORP | - | $9.0M | 913,770 | 1.7% | 1 |
| GIGCAPITAL9 CORP | [GIX](https://holderbook.com/stocks/GIX/) | $8.5M | 851,940 | 1.6% | 2 |
| DYNAMIX CORP | [DYNC](https://holderbook.com/stocks/DYNC/) | $8.3M | 766,533 | 1.6% | 1 |
| M EVO GBL ACQUISITION CORP I | [MEVO](https://holderbook.com/stocks/MEVO/) | $7.9M | 798,398 | 1.5% | 2 |
| PONO CAP FOUR INC | - | $7.4M | 743,610 | 1.4% | 1 |
| KARBON CAP PARTNERS CORP | [KBON](https://holderbook.com/stocks/KBON/) | $7.3M | 720,284 | 1.4% | 2 |
| ALPEX ACQUISITION CORP | [ALPXU](https://holderbook.com/stocks/ALPXU/) | $7.0M | 702,988 | 1.3% | 1 |
| KOCHAV DEFENSE ACQUI CO | [KCHV](https://holderbook.com/stocks/KCHV/) | $7.0M | 672,619 | 1.3% | 4 |
| PLUTONIAN ACQUISITION CORP I | - | $5.9M | 585,000 | 1.1% | 1 |
| METALS ACQUISITION CORP II | [MTAL-WT](https://holderbook.com/stocks/MTAL-WT/) | $4.4M | 431,397 | 0.8% | 1 |
| TGE VALUE CREATIVE SOLUTIONS | [BEBE](https://holderbook.com/stocks/BEBE/) | $4.3M | 435,172 | 0.8% | 2 |
| FUTURE MONEY ACQUISITION COR | - | $4.2M | 425,128 | 0.8% | 1 |
| KEYSTONE ACQUISITION CORP | [KEYYW](https://holderbook.com/stocks/KEYYW/) | $3.8M | 375,000 | 0.7% | 1 |
| AMPERCAP ACQUISITION CO | - | $3.5M | 351,990 | 0.7% | 1 |
| XFLH CAP CORP | [XFLH](https://holderbook.com/stocks/XFLH/) | $3.1M | 315,238 | 0.6% | 2 |
| WEST ENCLAVE MERGER CORP | [WENC-RI](https://holderbook.com/stocks/WENC-RI/) | $2.7M | 271,780 | 0.5% | 1 |
| FORTUNEX ACQUISITION CORP | [FXACU](https://holderbook.com/stocks/FXACU/) | $1.6M | 163,412 | 0.3% | 1 |
| SPACE ASSET ACQUISITION CORP | [SAAQ](https://holderbook.com/stocks/SAAQ/) | $1.6M | 154,900 | 0.3% | 1 |
| SYNAPTICS INC | [SYNA](https://holderbook.com/stocks/SYNA/) | $1.2M | 10,000 | 0.2% | 1 |
| ARCHIMEDES TECH SPAC PARTNER | [ATIIW](https://holderbook.com/stocks/ATIIW/) | $725.5K | 331,302 | 0.1% | 1 |
| NEWHOLD INVT CORP III | [NHICW](https://holderbook.com/stocks/NHICW/) | $701.5K | 334,030 | 0.1% | 1 |
| IDEA ACQUISITION CORP | [IACOW](https://holderbook.com/stocks/IACOW/) | $638.6K | 64,442 | 0.1% | 1 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $618.8K | 0 | 0.1% | 1 |
| NEW AMER ACQUISITION I CORP | [NWAXWS](https://holderbook.com/stocks/NWAXWS/) | $289.7K | 482,764 | 0.1% | 2 |
| HALL CHADWICK ACQUISITION CO | [HCACR](https://holderbook.com/stocks/HCACR/) | $285.9K | 985,911 | 0.1% | 1 |
| GSR IV ACQUISITION CORP | [GSRFR](https://holderbook.com/stocks/GSRFR/) | $262.8K | 109,028 | 0.1% | 3 |
| QUASAREDGE ACQUISITION CORP | - | $247.5K | 990,000 | 0.0% | 1 |
| KOCHAV DEFENSE ACQUI CO | [KCHVR](https://holderbook.com/stocks/KCHVR/) | $244.8K | 1,212,059 | 0.0% | 4 |
| EGH ACQUISITION CORP. | [EGHAR](https://holderbook.com/stocks/EGHAR/) | $242.7K | 646,873 | 0.0% | 5 |
| AXIOM INTELLIGENCE AC CORP 1 | [AXINR](https://holderbook.com/stocks/AXINR/) | $230.9K | 613,660 | 0.0% | 4 |
| BHAV ACQUISITION CORP | - | $227.7K | 990,000 | 0.0% | 1 |
| SBC MED GROUP HLDGS INC | [SBCWW](https://holderbook.com/stocks/SBCWW/) | $217.3K | 944,992 | 0.0% | 7 |
| STARLINK AI ACQUISITION CORP | - | $201.0K | 913,770 | 0.0% | 1 |
| M EVO GBL ACQUISITION CORP I | [MEVOW](https://holderbook.com/stocks/MEVOW/) | $187.2K | 504,612 | 0.0% | 2 |
| D BORAL ACQUISITION I CORP | [DBCAW](https://holderbook.com/stocks/DBCAW/) | $180.9K | 475,947 | 0.0% | 2 |
| COLOMBIER ACQUISITION CORP I | [CLBRWS](https://holderbook.com/stocks/CLBRWS/) | $167.2K | 208,967 | 0.0% | 2 |
| VIKING ACQUISITION CORP I | [VACIWS](https://holderbook.com/stocks/VACIWS/) | $166.2K | 184,650 | 0.0% | 1 |
| GALAXYEDGE ACQUISITION CORP | - | $164.3K | 990,000 | 0.0% | 1 |
| GIGCAPITAL9 CORP | [GIXXR](https://holderbook.com/stocks/GIXXR/) | $162.7K | 625,675 | 0.0% | 2 |
| TEXAS VENTURES ACQUISITION I | [TVACW](https://holderbook.com/stocks/TVACW/) | $161.0K | 303,744 | 0.0% | 4 |
| EVOLUTION GLOBAL ACQUISITION | [EVOXW](https://holderbook.com/stocks/EVOXW/) | $159.6K | 404,156 | 0.0% | 3 |
| QUANTUM LEAP ACQUISITION COR | - | $156.6K | 1,204,380 | 0.0% | 1 |
| PONO CAP FOUR INC | - | $155.9K | 742,310 | 0.0% | 1 |
| OAKTREE ACQUISITION CORP III | [OACCW](https://holderbook.com/stocks/OACCW/) | $153.2K | 162,702 | 0.0% | 7 |
| FUTURE MONEY ACQUISITION COR | - | $145.4K | 850,128 | 0.0% | 1 |
| K&F GROWTH ACQUISITION CORP | [KFIIR](https://holderbook.com/stocks/KFIIR/) | $139.8K | 1,116,707 | 0.0% | 6 |
| METALS ACQUISITION CORP II | - | $137.3K | 124,857 | 0.0% | 1 |
| TGE VALUE CREATIVE SOLUTIONS | [BEBEWS](https://holderbook.com/stocks/BEBEWS/) | $113.7K | 291,740 | 0.0% | 2 |
| BAIN CAP GSS INVT CORP | [BCSSWS](https://holderbook.com/stocks/BCSSWS/) | $107.8K | 158,463 | 0.0% | 3 |
| ACP HOLDINGS ACQUISITION COR | - | $99.4K | 331,299 | 0.0% | 1 |
| KARBON CAP PARTNERS CORP | [KBONW](https://holderbook.com/stocks/KBONW/) | $99.0K | 183,350 | 0.0% | 2 |
| BLACK SPADE ACQUISITION III | [BIIIWS](https://holderbook.com/stocks/BIIIWS/) | $93.8K | 234,613 | 0.0% | 2 |
| IRIS ACQUISITION CORP II | [IRABWS](https://holderbook.com/stocks/IRABWS/) | $88.3K | 353,187 | 0.0% | 2 |
| NEWBRIDGE ACQUISITION LTD | [NBRGR](https://holderbook.com/stocks/NBRGR/) | $87.5K | 350,000 | 0.0% | 2 |
| SHREYA ACQUISITION GROUP | - | $87.0K | 483,178 | 0.0% | 1 |
| SAFEGUARD ACQUISITION CORP | [SACWS](https://holderbook.com/stocks/SACWS/) | $86.7K | 146,890 | 0.0% | 2 |
| PROCAP ACQUISITION CORP | [PCAPW](https://holderbook.com/stocks/PCAPW/) | $78.6K | 245,643 | 0.0% | 4 |
| COPLEY ACQUISITION CORP | [COPLWS](https://holderbook.com/stocks/COPLWS/) | $64.7K | 754,681 | 0.0% | 5 |
| HIGHVIEW MERGER CORP | [HVMCW](https://holderbook.com/stocks/HVMCW/) | $62.3K | 177,923 | 0.0% | 2 |
| STONEBRIDGE ACQUISITION II C | [APACR](https://holderbook.com/stocks/APACR/) | $59.3K | 370,703 | 0.0% | 2 |
| AMPERCAP ACQUISITION CO | - | $52.8K | 351,990 | 0.0% | 1 |
| WEST ENCLAVE MERGER CORP | - | $48.7K | 270,750 | 0.0% | 1 |
| XFLH CAP CORP | [XFLHRT](https://holderbook.com/stocks/XFLHRT/) | $46.9K | 524,705 | 0.0% | 2 |
| VERNAL CAP ACQUISITION CORP | - | $46.2K | 235,940 | 0.0% | 1 |
| YORKVILLE ACQUISITION CORP. | [MCGAW](https://holderbook.com/stocks/MCGAW/) | $44.9K | 175,268 | 0.0% | 4 |
| IDEA ACQUISITION CORP | - | $44.8K | 131,872 | 0.0% | 1 |
| CAYSON ACQUISITION CORP | [CAPNR](https://holderbook.com/stocks/CAPNR/) | $41.2K | 173,392 | 0.0% | 7 |
| AI INFRASTRUCTURE ACQUISI | [AIIART](https://holderbook.com/stocks/AIIART/) | $40.3K | 191,716 | 0.0% | 2 |
| CHAMPIONSGATE ACQUISITION CO | [CHPGR](https://holderbook.com/stocks/CHPGR/) | $39.5K | 289,253 | 0.0% | 5 |
| GENERATION ESSENTIALS GROUP | [TGEWS](https://holderbook.com/stocks/TGEWS/) | $36.7K | 203,834 | 0.0% | 5 |
| OYSTER ENTERPRISES II ACQUIS | [OYSER](https://holderbook.com/stocks/OYSER/) | $33.9K | 307,542 | 0.0% | 4 |
| RANGE CAP ACQUISITION CORP | [RANGR](https://holderbook.com/stocks/RANGR/) | $32.6K | 116,572 | 0.0% | 6 |
| PRAETORIAN ACQUISITION CORP | [PTORW](https://holderbook.com/stocks/PTORW/) | $29.5K | 77,677 | 0.0% | 2 |
| AA MISSION ACQUISITION CORP | [YCYWS](https://holderbook.com/stocks/YCYWS/) | $28.8K | 130,692 | 0.0% | 3 |
| BTC DEV CORP | [BDCIW](https://holderbook.com/stocks/BDCIW/) | $28.0K | 79,481 | 0.0% | 2 |
| SHREYA ACQUISITION GROUP | - | $26.6K | 483,178 | 0.0% | 1 |
| BLUE ACQUISITION CORP. | [BACCR](https://holderbook.com/stocks/BACCR/) | $26.3K | 33,666 | 0.0% | 1 |
| SOREN ACQUISITION CORP | [SORNW](https://holderbook.com/stocks/SORNW/) | $25.9K | 89,826 | 0.0% | 2 |
| IB ACQUISITION CORP | [IBACR](https://holderbook.com/stocks/IBACR/) | $18.3K | 159,411 | 0.0% | 7 |
| DIGITAL ASSET ACQUISITION CO | [DAAQW](https://holderbook.com/stocks/DAAQW/) | $16.8K | 35,075 | 0.0% | 2 |
| NEW PROVIDENCE ACQUISITION C | [NPACW](https://holderbook.com/stocks/NPACW/) | $13.4K | 48,000 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.9% | +14.8% | -11.9% | 87% |
| Q1 2026 | -0.5% | -4.6% | +4.1% | 76% |
| Q4 2025 | -0.8% | +2.4% | -3.1% | 90% |
| Q3 2025 | +1.1% | +7.8% | -6.7% | 77% |
| Q2 2025 | +5.0% | +10.5% | -5.5% | 97% |
| Q1 2025 | +4.2% | -4.6% | +8.7% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $524.7M | 103 |
| Q1 2026 | $386.2M | 74 |
| Q4 2025 | $260.1M | 57 |
| Q3 2025 | $198.1M | 57 |
| Q2 2025 | $153.4M | 55 |
| Q1 2025 | $139.3M | 43 |
| Q4 2024 | $219.3M | 42 |