READYSTATE ASSET MANAGEMENT LP

CIK 0001900923 · Q1 2026

13F Equity AUM

$2.1B

-12.9% QoQ

Positions

564

+186 QoQ

AUM Rank

#1,726

Top 14%

Skill Alpha (FF)

-5.0%/yr^ns

No Clear Edge

Rank #7,403 · Top 90%

vs S&P -6.9%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 15.3%Top 10: 24.2%Top 20: 38.7%

RIVN 3.625 10/15/304.7%

MIRM 4 05/01/293.9%

NSC2.5%

GVA 3.75 05/15/282.1%

WBD2.1%

TMDX 1.5 06/01/281.8%

LNTH 2.625 12/15/271.8%

BSY 0.375 07/01/271.8%

CENX 2.75 05/01/281.8%

LEU 2.25 11/01/301.7%

Others (554)75.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare19.4%

Technology12.9%

Fixed Income12.7%

Consumer Cyclical8.8%

Financial Services8.4%

Communication Services8.3%

Unclassified7.8%

Energy7.2%

Other14.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 564Median: 0.05%Avg: 0.18%

0–0.5%

514(34.4%)

0.5–1%

19(13.8%)

1–3%

29(43.3%)

3–5%

2(8.6%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 476Unique: 88vs 20 funds

6.4%Low

564

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

8.6%

7.9%

9.3%

11.4%

9.7%

GEODE CAPITAL MANAGEMENT, LLC

9.2%

VANGUARD CAPITAL MANAGEMENT LLC

9.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

10.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New320Increased59Decreased82Exited133

New Positions

NSC2.5%

+186K

3M41.4%

+171K

ARROWHEAD PHARMACEUT…1.2%

+25.0M

ALKAMI TECHNOLOGY IN…1.2%

+28.0M

SUPER MICRO COMPUTER…1.0%

+25.0M

EA0.9%

+97K

EWZ0.9%

+500K

ANIP 2.25 09/01/290.8%

+14.4M

CHEESECAKE FACTORY I…0.8%

+17.0M

HAS0.7%

+152K

Increased

VERX 0.75 05/01/290.7%

+9.0M(+120%)

LNTH 2.625 12/15/271.8%

+2.5M(+8%)

WKC 3.25 07/01/281.2%

+2.0M(+9%)

WBD2.1%

+1.3M(+425%)

GT0.8%

+819K(+46%)

KVUE0.8%

+459K(+77%)

OPTU0.1%

+236K(+24%)

QURE0.4%

+143K(+40%)

XBGYX0.0%

+127K(+442%)

NCLH0.1%

+116K(+957%)

Decreased

RIVN 3.625 10/15/304.7%

-31,113,000(-23%)

GVA 3.75 05/15/282.1%

-22,500,000(-56%)

PAR 1.5 10/15/270.1%

-21,400,000(-93%)

IRTC 1.5 09/01/290.5%

-8,000,000(-44%)

LMAT 2.5 02/01/301.1%

-5,750,000(-22%)

LIVN 2.5 03/15/291.0%

-2,800,000(-13%)

MIRM 4 05/01/293.9%

-2,414,000(-8%)

CDLX 4.25 04/01/290.0%

-2,000,000(-56%)

VG0.3%

-1,801,812(-81%)

IGR0.0%

-1,270,451(-93%)

Exited

-369,000

-112,775

-29,749,000

-300,000

-23,957,000

-30,000,000

-29,500,000

-256,665

-19,500,000

-441,984

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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