Long Focus Capital Management, LLC

SAN JUAN, PR · CIK 1602716 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$2.4bn
Staff11 · 6 in investment roles
Main clients (by assets)Private funds 72%, Companies 28%
Private funds1 (1 hedge) · $1.7bn gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityLONG FOCUS CAPITAL MANAGEMENT, LLC (US)

$2.5bn reported value +7.6% vs Q1 2026

76positions

41.9%in top 10

5 new 17 added 18 reduced 13 sold out vs Q1 2026

Options: 11 call positions ($1.5bn notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	1,230,216	$174.9m7.13%	7.13%	Added +815.2k	+815,216 196.4%
2	AMAZON COM INC COM AMZN	AMZN	704,155	$167.8m6.84%	6.84%	Unchanged
3	MOLINA HEALTHCARE INC COM MOH	MOH	610,000	$139.5m5.69%	5.69%	Reduced -5.0k	-5,000 -0.8%
4	CENTENE CORP DEL COM CNC	CNC	1,450,000	$93.1m3.80%	3.80%	Reduced -478.0k	-478,000 -24.8%
5	COMCAST CORP NEW CL A CMCSA	CMCSA	3,785,000	$92.9m3.79%	3.79%	Added +1.5m	+1,544,584 68.9%
6	ROCKET COS INC COM CL A RKT	RKT	5,445,000	$85.8m3.50%	3.50%	Added +2.1m	+2,119,000 63.7%
7	FTAI AVIATION LTD SHS FTAI	FTAI	315,000	$85.2m3.48%	3.48%	Unchanged
8	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	3,342,400	$63.9m2.61%	2.61%	Unchanged
9	MICROSOFT CORP COM MSFT	MSFT	170,000	$63.4m2.59%	2.59%	Added +46.0k	+46,000 37.1%
10	CVS HEALTH CORP COM CVS	CVS	586,000	$60.6m2.47%	2.47%	Reduced -308.0k	-308,000 -34.5%
11	GOLAR LNG LTD SHS GLNG	GLNG	1,186,000	$59.1m2.41%	2.41%	Added +32.0k	+32,000 2.8%
12	VIASAT INC COM VSAT	VSAT	650,000	$58.4m2.38%	2.38%	Reduced -439.3k	-439,300 -40.3%
13	BIONTECH SE SPONSORED ADS BNTX	BNTX	624,000	$58.1m2.37%	2.37%	Unchanged
14	KKR & CO INC COM KKR	KKR	630,000	$57.8m2.36%	2.36%	Added +138.0k	+138,000 28.1%
15	INSMED INC COM PAR $.01 INSM	INSM	528,000	$56.3m2.30%	2.30%	Added +383.0k	+383,000 264.1%
16	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	617,000	$55.2m2.25%	2.25%	Added +138.0k	+138,000 28.8%
17	DISNEY WALT CO COM DIS	DIS	565,000	$54.4m2.22%	2.22%	Unchanged
18	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	733,695	$52.5m2.14%	2.14%	Unchanged
19	PINTEREST INC CL A PINS	PINS	2,405,000	$50.6m2.06%	2.06%	Reduced -287.0k	-287,000 -10.7%
20	APOLLO GLOBAL MGMT INC COM APO	APO	359,000	$42.5m1.73%	1.73%	Reduced -125.0k	-125,000 -25.8%
21	ANTERO RESOURCES CORP COM AR	AR	1,170,000	$41.1m1.68%	1.68%	Unchanged
22	SHIFT4 PMTS INC CL A FOUR	FOUR	812,000	$39.5m1.61%	1.61%	Added +137.0k	+137,000 20.3%
23	UNITEDHEALTH GROUP INC COM UNH	UNH	88,000	$36.6m1.49%	1.49%	Reduced -100.0k	-100,000 -53.2%
24	AURA BIOSCIENCES INC COM AURA	AURA	5,119,582	$36.3m1.48%	1.48%	Added +500.0k	+500,000 10.8%
25	MATTEL INC COM MAT	MAT	2,540,000	$35.3m1.44%	1.44%	Added +620.8k	+620,834 32.4%
26	LENDINGCLUB CORP COM NEW HAPN	HAPN	1,665,849	$34.5m1.41%	1.41%	Reduced -270.2k	-270,151 -13.9%
27	BARRICK MNG CORP COM SHS B	B	900,000	$33.1m1.35%	1.35%	Unchanged
28	TIC SOLUTIONS INC COM TIC	TIC	3,863,677	$31.3m1.27%	1.27%	Reduced -237.5k	-237,535 -5.8%
29	ASSURED GUARANTY LTD COM AGO	AGO	380,000	$30.5m1.24%	1.24%	Unchanged
30	UBER TECHNOLOGIES INC COM UBER	UBER	399,000	$28.8m1.17%	1.17%	Unchanged
31	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 BABA 0.5 06.01.31	BABA 0.5 06.01.31	235,000	$27.7m1.13%	1.13%	Unchanged
32	HUMANA INC COM HUM	HUM	68,400	$27.2m1.11%	1.11%	Reduced -216.6k	-216,600 -76.0%
33	JD.COM INC SPON ADS CL A JD	JD	942,622	$24.0m0.98%	0.98%	Unchanged
34	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	456,000	$22.8m0.93%	0.93%	Reduced -50.0k	-50,000 -9.9%
35	PETCO HEALTH & WELLNESS CO I COM WOOF	WOOF	8,371,050	$22.8m0.93%	0.93%	Added +361.0k	+360,999 4.5%
36	HERBALIFE LTD COM SHS HLF	HLF	1,699,200	$22.3m0.91%	0.91%	Unchanged
37	ONITY GROUP INC COM NEW ONIT	ONIT	540,598	$21.5m0.88%	0.88%	Unchanged
38	SIGHT SCIENCES INC COM SGHT	SGHT	3,844,100	$20.8m0.85%	0.85%	Added +250.0k	+250,000 7.0%
39	ARHAUS INC COM CL A ARHS	ARHS	2,450,000	$20.6m0.84%	0.84%	Added +480.7k	+480,690 24.4%
40	LITHIA MTRS INC COM LAD	LAD	71,000	$20.6m0.84%	0.84%	Added +15.0k	+15,000 26.8%
41	CAPITAL ONE FINL CORP COM COF	COF	100,000	$20.1m0.82%	0.82%	Reduced -45.0k	-45,000 -31.0%
42	STANDARD BIOTOOLS INC COM LAB	LAB	23,500,000	$19.3m0.79%	0.79%	Added +7.5m	+7,484,279 46.7%
43	SONY GROUP CORP SPONSORED ADR SONY	SONY	960,000	$19.3m0.79%	0.79%	New
44	BAIDU INC SPON ADR REP A BIDU	BIDU	159,800	$18.3m0.74%	0.74%	Unchanged
45	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	175,000	$16.4m0.67%	0.67%	Unchanged
46	FTAI INFRASTRUCTURE INC COMMON STOCK FIP	FIP	3,517,209	$16.3m0.67%	0.67%	Reduced -556.1k	-556,096 -13.7%
47	WYNN RESORTS LTD COM WYNN	WYNN	165,000	$16.0m0.65%	0.65%	Unchanged
48	CONTROLADORA VUELA COMP DE A SPON ADR RP 10 VLRS	VLRS	1,640,000	$15.4m0.63%	0.63%	Unchanged
49	MERCADOLIBRE INC COM MELI	MELI	9,000	$15.3m0.62%	0.62%	New
50	MEIRAGTX HLDGS PLC COM MGTX	MGTX	1,080,300	$14.6m0.60%	0.60%	Added +555.6k	+555,555 105.9%
51	BICYCLE THERAPEUTICS PLC SPONSORED ADS BCYC	BCYC	3,310,687	$14.0m0.57%	0.57%	Unchanged
52	GRUPO SUPERVIELLE S.A. SPONSORED ADR SUPV	SUPV	1,431,131	$13.8m0.56%	0.56%	Reduced -408.9k	-408,869 -22.2%
53	LIBERTY BROADBAND CORP COM SER A LBRDA	LBRDA	375,000	$12.5m0.51%	0.51%	Unchanged
54	PAPA JOHNS INTL INC COM PZZA	PZZA	310,622	$11.4m0.47%	0.47%	Unchanged
55	TAL EDUCATION GROUP SPONSORED ADS TAL	TAL	1,117,300	$10.7m0.44%	0.44%	Unchanged
56	IOVANCE BIOTHERAPEUTICS INC COM IOVA	IOVA	2,100,000	$8.7m0.36%	0.36%	Unchanged
57	OPORTUN FINL CORP COM OPRT	OPRT	1,515,777	$8.7m0.35%	0.35%	Unchanged
58	CELLECTIS S A SPON ADS CLLS	CLLS	2,741,853	$8.2m0.34%	0.34%	Reduced -2.2k	-2,245 -0.1%
59	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	80,000	$7.7m0.31%	0.31%	Unchanged
60	LIBERTY LATIN AMERICA LTD COM CL C LILAK	LILAK	960,000	$7.5m0.30%	0.30%	Reduced -240.0k	-240,000 -20.0%
61	LOMA NEGRA C I A S A MTN 14 SPONSORED ADS LOMA	LOMA	377,600	$4.3m0.18%	0.18%	Unchanged
62	UNITED AIRLS HLDGS INC COM UAL	UAL	29,000	$3.9m0.16%	0.16%	Reduced -90.0k	-90,000 -75.6%
63	EXPAND ENERGY CORPORATION COM EXE	EXE	36,000	$3.3m0.13%	0.13%	Unchanged
64	SERVICENOW INC COM NOW	NOW	30,000	$3.0m0.12%	0.12%	Reduced -40.0k	-40,000 -57.1%
65	CLARIVATE PLC ORD SHS CLVT	CLVT	1,175,000	$2.5m0.10%	0.10%	Unchanged
66	GANNETT CO INC COM TDAY	TDAY	268,863	$2.3m0.09%	0.09%	Unchanged
67	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,980	$2.1m0.09%	0.09%	Unchanged
68	DYNATRACE INC COM NEW DT	DT	40,398	$1.8m0.07%	0.07%	New
69	POWERFLEET INC COM AIOT	AIOT	337,504	$1.3m0.05%	0.05%	Unchanged
70	SOLITARIO RESOURCES CORP COM XPL	XPL	1,409,700	$1.1m0.04%	0.04%	Unchanged
71	CABLE ONE INC COM CABO	CABO	19,777	$1.1m0.04%	0.04%	Unchanged
72	GCI LIBERTY INC COM SER C GLIBK	GLIBK	31,514	$679.4k0.03%	0.03%	Unchanged
73	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	2,512	$448.6k0.02%	0.02%	New
74	COINSHARES PLC COM CSHR	CSHR	109,422	$412.5k0.02%	0.02%	New
75	DESTINATION XL GROUP INC COM DXLG	DXLG	498,042	$333.7k0.01%	0.01%	Unchanged
76	BIOCERES CROP SOLUTIONS CORP SHS BIOX	BIOX	829,748	$290.5k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CAESARS ENTERTAINMENT INC NE CZR	CZR	2,715,000	$71.8m2.7m shares
PENN ENTERTAINMENT INC PENN	PENN	2,150,000	$32.3m2.1m shares
SALESFORCE INC CRM	CRM	88,000	$16.4m88.0k shares
LIBERTY GLOBAL LTD LBTYK	LBTYK	1,182,980	$13.9m1.2m shares
PAR TECHNOLOGY CORP PAR	PAR	990,000	$13.2m990.0k shares
ELEVANCE HEALTH INC ELV	ELV	31,100	$9.1m31.1k shares
API GROUP CORP APG	APG	172,764	$7.0m172.8k shares
WORKDAY INC WDAY	WDAY	52,000	$6.8m52.0k shares
CITIGROUP INC C	C	40,000	$4.5m40.0k shares
NEW FORTRESS ENERGY INC		6,047,477	$3.6m6.0m shares
LYFT INC LYFT	LYFT	150,000	$2.0m150.0k shares
WILLSCOT HLDGS CORP WSC	WSC	99,562	$1.7m99.6k shares
GCI LIBERTY INC GLIBA	GLIBA	21,600	$796.0k21.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
COMCAST CORP NEW CMCSA · Call	CMCSA	Call	21,530,900	$528.6m21.5m shares	Added
DISNEY WALT CO DIS · Call	DIS	Call	3,951,000	$380.3m4.0m shares	Added
CHARTER COMMUNICATIONS INC N CHTR · Call	CHTR	Call	1,487,800	$211.6m1.5m shares	Added
ENERGY TRANSFER L P ET · Call	ET	Call	7,112,800	$136.0m7.1m shares	Added
BP PLC BP · Call	BP	Call	3,502,600	$129.4m3.5m shares	Reduced
CVS HEALTH CORP CVS · Call	CVS	Call	490,200	$50.7m490.2k shares	Reduced
PAYPAL HLDGS INC PYPL · Call	PYPL	Call	236,100	$10.2m236.1k shares	Reduced
GENERAL MTRS CO GM · Call	GM	Call	65,000	$5.0m65.0k shares	Reduced
BARRICK MNG CORP B · Call	B	Call	100,000	$3.7m100.0k shares	Unchanged
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	30,000	$3.5m30.0k shares	Unchanged
ANHEUSER BUSCH INBEV SA/NV BUD · Call	BUD	Call	10,000	$824.0k10.0k shares	Reduced

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BICYCLE THERAPEUTICS PLC BCYC · 13G · filed 2026-05-15	BCYC	6.6%	new	13G	2026-05-15
ONITY GROUP INC ONIT · 13G · filed 2026-05-15	ONIT	6.3%≈ $21.5m	new	13G	2026-05-15
STANDARD BIOTOOLS INC LAB · 13G · filed 2026-08-14	LAB	6.0%≈ $19.3m	new	13G	2026-08-14
SIGHT SCIENCES INC SGHT · 13G · filed 2025-05-15	SGHT	6.0%≈ $16.9m	+1.0 pts	13G	2025-05-15