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140 Summer Partners LP

CIK:0001820788
Hedge Fund
$3B AUM
17 holdings
New York, NY, US
Founded:2020
10 employees
Latest filing:Jun 30, 2025

140 Summer Partners LP is a hedge fund and SEC-registered investment advisor headquartered in New York, NY. The firm manages approximately $2.8 billion in regulatory assets under management and primarily serves institutional clients. With a reported team of about 10 advisors, 140 Summer Partners specializes in public securities investing, notably long/short equity and distressed debt strategies. The firm operates in the US and is designed to provide sophisticated investment management, leveraging deep market expertise.

Investment Strategy

140 Summer Partners LP employs a long/short equity strategy with a focus on US equities, complemented by exposure to distressed debt. The firm builds concentrated positions in both long and short investments and has a relatively high portfolio turnover. It manages risk through diversification across sectors and emphasizes capital preservation while seeking absolute returns. The investment process combines fundamental research, event-driven opportunities, and active trading decisions, aiming to outperform broader equity markets with lower volatility.

Latest 13F Filing Activity

140 Summer Partners LP filed their most recent 13F report on Jun 30, 2025 disclosing 12 equity positions and 4 options positions with a total 13F market value of $873M. The fund increased holdings in Western Alliance Bancorp, Capital One Finl Corp., Telephone & Data SYS Inc. among other positions. 140 Summer Partners LP reduced exposure to Unitedhealth Group Inc., Owens Corning New, Progressive Corp. among others.

Top Buys
W
WALWESTERN ALLIANCE BANCORP
+$60.9M
C
COFCAPITAL ONE FINL CORP
+$59.9M
T
TDSTELEPHONE & DATA SYS INC
+$37.3M
C
COOPMR COOPER GROUP INC
+$20.5M
C
CRHCRH PLC
+$16.6M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$79.6M
O
OCOWENS CORNING NEW
-$46.9M
P
PGRPROGRESSIVE CORP
-$36.3M
T
TMUST-MOBILE US INC
-$29.3M
S
SATSECHOSTAR CORP
+$13.7M

Top Holdings

C
COFCAPITAL ONE FINL CORP
+12.2%$106.1M
A
AERAERCAP HOLDINGS NV
+10.2%$89.2M
C
COOPMR COOPER GROUP INC
+8.0%$70.0M
P
PGRPROGRESSIVE CORP
+7.3%$63.5M
V
VSTVISTRA CORP
+7.1%$62.0M

Equity Positions (12)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
CAPITAL ONE FINL CORP12.15%$106.1M498,498$194.97$212.76+$59.9M
AERCAP HOLDINGS NV10.22%$89.2M762,150$74.04$117.00-$2.6M
MR COOPER GROUP INC8.02%$70.0M469,306$102.28$149.21+$20.5M
PROGRESSIVE CORP7.28%$63.5M238,123$166.55$266.86-$36.3M
VISTRA CORP7.10%$62.0M319,714$117.44$193.81+$5.1M

Options Positions (4)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
ENPHASE ENERGY INCNew
Put
$46.0M11,590$39.65$39.65+11,590+$46.0M
ECHOSTAR CORPNew
Put
$35.5M12,800$27.70$27.70+12,800+$35.5M
VENTURE GLOBAL INCNew
Put
$13.9M8,950$15.58$15.58+8,950+$13.9M
HAWAIIAN ELEC INDUSTRIESSold
Put
$4.6M4,370$10.63$8.18-1,595-$1.9M

Industry Allocation

NATIONAL COMMERCIAL BANKS
+16.4%
WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION
+7.1%
CEMENT, HYDRAULIC
+6.9%
SERVICES-EQUIPMENT RENTAL & LEASING, NEC
+6.8%
RADIOTELEPHONE COMMUNICATIONS
+6.5%