Data as of Q4 2025 (Dec 31, 2025)

Incentive AS

โ€ขCIK: 1665221โ€ขFiling: Q4 2025

**Incentive AS** is a concentrated, single-stock strategy managing $71M in assets. The fund currently maintains a highly focused portfolio, with its entire $71.3M allocation directed into GSCE. This structure suggests a conviction-driven approach, placing near-total capital weight on a single name. Investors should note the extreme concentration risk inherent in this single-holding mandate.

Total AUM
$71.3M
QoQ Performance
-17.2%
Positions
1
Top 10 Concentration
100.0%
Latest Filing
Q4 2025

Top Holdings Allocation

SMUR
SMURFIT100.0%

๐Ÿ“ˆ Biggest Buys

No new positions or increases this quarter

๐Ÿ“‰ Biggest Sells

โ€”
SMURFIT WESTROCK PLC
-8.8%
100.0% of portfolio

Sector Breakdown

Other100.0%

Changes from Q3 2025

โ†“1 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023