Filed: 5/14/2025ACC: 0000945621-25-000470
📋 What this filing means
INCENTIVE AS filed this quarterly 13F‑HR report disclosing 2 equity positions with a total reported market value of $162.99M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
2
Positions
$162.99M
Total AUM (reported)
4.79M
Total Shares
Allocation by class
SHS$104.20M63.9%
ORD SHS A$58.78M36.1%
Portfolio Concentration
Top 3$162.99M100.0%
Top 3 weight
100.0%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 4.79M
Sole
Full voting authority
4.33M
shares
% of voting shares90.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
465.95K
shares
% of voting shares9.7%
Investment Discretion (by position count)
Sole2
Shared0
Other0
Dominant voting typeSole · 90.3% of voting shares
Institutional Holdings2
Rows:
Smurfit WestRock PLC
SOLEShares2.31M
TypeSH
Market value$104.20M
63.93%
Sole
1.85M
Shared
0.00
None
465.95K
NOBLE CORP PLC
SOLEShares2.48M
TypeSH
Market value$58.78M
36.07%
Sole
2.48M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Smurfit WestRock PLCSOLE | SHS | 2.31M | SH | $104.20M 63.93% | 1.85M | 0.00 | 465.95K |
NOBLE CORP PLCSOLE | ORD SHS A | 2.48M | SH | $58.78M 36.07% | 2.48M | 0.00 | 0.00 |