683 Capital Management Portfolio Shifts: Key Purchases & Sales in Q2 2026
Insights into holdings changes by 683 Capital Management, LLC during the second quarter of 2026.
As of June 30th, 2026, 683 Capital Management, Llc's portfolio shows significant activity during the second quarter. The total value remains substantial at $856 million.
The investment firm demonstrated a clear focus on growth through strategic buying and trimming underperforming positions. Notable purchases include increased stakes in several companies:
- CARVANA CO (CVNA), which saw its share count rise by nearly 395,000 shares (+383.87%), now representing approximately 4.5% of the portfolio.
- UNITY SOFTWARE INC (U), where share count increased by exactly 100%, adding a new dimension to its Technology allocation.
- NU HLDGS LTD (G6683N103), showing an impressive 100% increase in holdings, making it a significant new position.
Concurrently, the firm made adjustments to existing positions and exited some:
- BECTON DICKINSON & CO (BDX): Increased by +11.1% in shares but decreased slightly from its previous allocation.
- MOLINA HEALTHCARE INC (MOH) saw a modest increase of about +3.1%, though it remains below the top holdings threshold by weight.
The most significant selling activity during Q2 involved exiting or substantially reducing positions in:
- ASTRANA HEALTH INC (ASTH), where the firm sold approximately half of its holdings (-70.0%), impacting its Healthcare allocation.
- GRAPHIC PACKAGING HLDG CO (GPK) was completely divested, exiting a position with nearly an 89% reduction in shares (-88.93%).
- FRACTYL HEALTH INC (GUTS), which experienced a massive sell-off of over 5 million shares (-88.75%), effectively exiting the position.
Additionally, 683 Capital Management initiated or continued positions in:
- GOSSAMER BIO INC (GOSS), acquiring a large position of nearly 40 million shares.
- LEXEO THERAPEUTICS INC (LXEO), adding significantly to its portfolio with over 1.875 million shares acquired.
Furthermore, the firm established new positions in:
- NU HLDGS LTD (G6683N103), as mentioned.
- APARTMENT INVT & MGMT CO (AIV), increasing its Real Estate allocation through this purchase.
In summary, during Q2 2026, 683 Capital Management, Llc focused on acquiring shares in emerging companies like CARVANA CO and UNITY SOFTWARE while strategically reducing exposure to declining Healthcare stocks such as ASTRANA HEALTH INC. The firm also added new positions including NU HLDGS LTD.