# Inherent Management Corp.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2026217. Source: https://holderbook.com/funds/2026217-inherent-management-corp/

- Reported value: $257.6M
- Positions: 11
- Weight of the ten largest: 98.5%
- 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 |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $60.3M | 846,437 | 23.4% | 6 |
| PATRIA INVESTMENTS LIMITED | [PAX](https://holderbook.com/stocks/PAX/) | $53.0M | 290,831 | 20.6% | 1 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $34.4M | 415,605 | 13.4% | 7 |
| SOTERA HEALTH CO | [SHC](https://holderbook.com/stocks/SHC/) | $29.5M | 1,660,128 | 11.4% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $25.0M | 284,500 | 9.7% | 7 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $13.3M | 10,000 | 5.2% | 3 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $12.3M | 60,650 | 4.8% | 6 |
| STEPSTONE GROUP INC | [STEP](https://holderbook.com/stocks/STEP/) | $10.9M | 263,729 | 4.2% | 2 |
| PENNYMAC FINL SVCS INC NEW | [PFSI](https://holderbook.com/stocks/PFSI/) | $10.5M | 120,000 | 4.1% | 1 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $4.7M | 425,000 | 1.8% | 1 |
| VERTICAL AEROSPACE LTD | [EVTL](https://holderbook.com/stocks/EVTL/) | $3.8M | 2,181,883 | 1.5% | 6 |

## 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 | +9.6% | +14.8% | -5.2% | 100% |
| Q1 2026 | -4.3% | -4.6% | +0.3% | 100% |
| Q4 2025 | +4.0% | +2.4% | +1.6% | 100% |
| Q3 2025 | +10.7% | +7.8% | +2.8% | 100% |
| Q2 2025 | +11.4% | +10.5% | +0.9% | 100% |
| Q1 2025 | +3.0% | -4.6% | +7.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $257.6M | 11 |
| Q1 2026 | $196.8M | 9 |
| Q4 2025 | $194.9M | 8 |
| Q3 2025 | $174.4M | 8 |
| Q2 2025 | $197.4M | 10 |
| Q1 2025 | $164.3M | 11 |
| Q4 2024 | $123.9M | 8 |