Inherent Management
NEW YORK, NYfiles as Inherent Management Corp.
$258m in 11 US stocks at the end of 30 June 2026. The top 10 are 98.5% of the money. It changed about 26.4% of the portfolio this quarter.
Value
$258m
Stocks
11
Top 10 share
98.5%
Turnover
26.4%
What changed this quarter
New
Bought for the first time this quarter.
- Patria InvestmentsPAX20.6% of the fund
- PennyMac Financial ServicesPFSI4.1% of the fund
- Cerebras SystemsCBRS1.8% of the fund
Added
Bought more of a stock they already held.
- StepStone GroupSTEP4.2% of the fund+13%
Cut
Sold some of their stake.
- Vanguard Tax-Managed FDSVEA23.4% of the fund-28%
Sold out
Sold their entire stake.
- Ridgepost CapitalRPC-100%
Holdings
- Vanguard Tax-Managed FDSVEA
- Share
- 23.4%
- Value
- $60m
- Shares
- 846,437
-28%
- IsharesIEMG
- Share
- 13.4%
- Value
- $34m
- Shares
- 415,605
Held
- IsharesURTH
- Share
- 4.8%
- Value
- $12m
- Shares
- 60,650
Held
- Cerebras SystemsCBRS
- Share
- 1.8%
- Value
- $5m
- Shares
- 425,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vanguard Tax-Managed FDSVEA | 23.4% | $60m | 846,437 | -28% |
| Patria InvestmentsPAX | 20.6% | $53m | 290,831 | New |
| IsharesIEMG | 13.4% | $34m | 415,605 | Held |
| Sotera HealthSHC | 11.4% | $29m | 1,660,128 | Held |
| NextEra EnergyNEE | 9.7% | $25m | 284,500 | Held |
| TransDigm GroupTDG | 5.2% | $13m | 10,000 | Held |
| IsharesURTH | 4.8% | $12m | 60,650 | Held |
| StepStone GroupSTEP | 4.2% | $11m | 263,729 | +13% |
| PennyMac Financial ServicesPFSI | 4.1% | $10m | 120,000 | New |
| Cerebras SystemsCBRS | 1.8% | $5m | 425,000 | New |
| Vertical AerospaceEVTL | 1.5% | $4m | 2,181,883 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 30.5% since 30 June 2025.
Where the money is
Financial services28.9%
Health care11.4%
Utilities9.7%
Industrials6.6%
Technology1.8%
Other41.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.