SONE CAPITAL MANAGEMENT, LLC

Thesis

SONE CAPITAL MANAGEMENT, LLC is a US-based hedge fund manager established in 2024, with its principal place of business in New York, New York. The firm's core strategy is to generate "durable market-neutral alpha" by employing a systematic approach that identifies and capitalizes on market inefficiencies. This is achieved by blending fundamental and quantitative signals, leveraging an in-house technology stack and proprietary data. SONE CAPITAL MANAGEMENT, LLC focuses on a market-neutral strategy, aiming to profit from price discrepancies and inefficiencies in the market regardless of overall market direction. The firm utilizes a systematic approach, combining fundamental and quantitative analysis. Their geographic scope appears to be primarily focused on the United States, as indicated by their 13F filings which track U.S.-listed equity holdings. The firm manages private, pooled investment vehicles, including Sone Capital Offshore, LP; Sone Capital, LP; and Sone Capital Master Fund, LP. As of December 31, 2025, SONE CAPITAL MANAGEMENT, LLC reported regulatory assets under management (AUM) of $1,611,779,750. The 13F-derived AUM, which represents reportable U.S.-listed equity holdings, was $1.19 billion as of March 31, 2026. The firm manages three hedge funds: Sone Capital, Sone Capital Master Fund, and Sone Capital Offshore, all employing a multi-strategy approach. Initial capital for the firm exceeded $500 million, largely provided by Millennium Management. Information regarding the typical check size per investment deal is not publicly available. As of March 31, 2026, their top holdings included Lennox International Inc. (LII), Allegion plc (ALLE), Union Pacific Corporation (UNP), IDEX Corporation (IEX), and Fox Corporat