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Decagon Asset Management LLP

CIK:0001950677
Hedge Fund
$606M AUM
56 holdings
London, United Kingdom
Founded:2022
6 employees
Latest filing:Jun 30, 2025

Decagon Asset Management LLP is an alternative investment management firm headquartered in London, United Kingdom, with an additional office in New York. Founded in January 2022 by Ben Durham and Nick Kroepfl, the firm focuses on hard-catalyst event-driven strategies and aims to deliver attractive risk-adjusted returns with market-neutral, low-volatility profiles. Decagon is authorized and regulated by the UK FCA and is registered with the US SEC. As of 2025, it has approximately 6 employees and manages assets primarily for pooled investment vehicles and institutional investors.

Investment Strategy

Decagon Asset Management LLP employs a hard-catalyst event-driven investment strategy, investing globally and across the capital structure. The firm's approach focuses on achieving attractive risk-adjusted returns with low volatility. Its strategy is intended to be market-neutral and uncorrelated to major asset classes, targeting opportunities catalyzed by discrete corporate or market events. Decagon emphasizes careful risk management and capital preservation while seeking alpha in both public and private market opportunities.

Latest 13F Filing Activity

Decagon Asset Management LLP filed their most recent 13F report on Jun 30, 2025 disclosing 14 equity positions and 6 options positions with a total 13F market value of $153M. The fund increased holdings in Skechers U S A Inc., Kellanova, Ares Acquisition Corp. II among other positions. Decagon Asset Management LLP reduced exposure to Colombier Acquisition Corp. I, Schlumberger LTD, Renew Energy Global PLC among others.

Top Buys
S
SKXSKECHERS U S A INC
+$34.2M
K
KKELLANOVA
+$19.2M
A
AACTARES ACQUISITION CORP II
+$10.1M
B
BASECOUCHBASE INC
+$8.0M
C
CCIRCOHEN CIRCLE ACQUISITION COR
+$6.6M
Top Sells
C
CLBRCOLOMBIER ACQUISITION CORP I
-$10.8M
S
SLBSCHLUMBERGER LTD
-$9.2M
R
RNWRENEW ENERGY GLOBAL PLC
-$3.0M
S
SGRYSURGERY PARTNERS INC
-$2.7M
C
CEPCANTOR EQUITY PARTNERS INC
-$1.3M

Top Holdings

S
SKXSKECHERS U S A INC
+22.3%$34.2M
K
KKELLANOVA
+12.5%$19.2M
A
AACTARES ACQUISITION CORP II
+6.6%$10.1M
B
BASECOUCHBASE INC
+5.2%$8.0M
C
CCIRCOHEN CIRCLE ACQUISITION COR
+4.3%$6.6M

Equity Positions (14)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SKECHERS U S A INC22.27%$34.2M541,389$63.10$63.10+$34.2M
K
K
KELLANOVA12.52%$19.2M241,414$79.53$79.53+$19.2M
ARES ACQUISITION CORP II6.61%$10.1M894,668$11.33$11.33+$10.1M
COUCHBASE INC5.24%$8.0M329,620$24.38$24.38+$8.0M
COHEN CIRCLE ACQUISITION COR4.32%$6.6M603,761$10.97$10.97+$6.6M

Options Positions (6)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
GMS INCNew
Call
$10.9M1,000$108.75$108.75+1,000+$10.9M
PROASSURANCE CORPNew
Call
$6.6M2,900$22.83$22.83+2,900+$6.6M
CANTALOUPE INCNew
Call
$2.8M2,517$10.99$10.99+2,517+$2.8M
SAGE THERAPEUTICS INCNew
Call
$2.7M2,920$9.12$9.12+2,920+$2.7M
COLOMBIER ACQUISITION CORP INew
Call
$1.9M1,250$15.46$15.46+1,250+$1.9M

Industry Allocation

BLANK CHECKS
+26.7%
SERVICES-PREPACKAGED SOFTWARE
+18.3%
FABRICATED PLATE WORK (BOILER SHOPS)
+18.0%
SERVICES-EQUIPMENT RENTAL & LEASING, NEC
+11.2%
REAL ESTATE INVESTMENT TRUSTS
+4.4%