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Aristeia Capital, LLC
Anthony M. Frascella · Hedge Fund · Multi-Strategy
Aristeia Capital, LLC is an alternative asset manager and SEC-registered investment adviser founded in 1997. Headquartered in Greenwich, Connecticut, with additional offices in New York City, the firm specializes in absolute return strategies with a primary focus on corporate credit markets. Aristeia's investment process integrates fundamental research with mathematical and statistical modeling to identify idiosyncratic opportunities across various credit spread environments and corporate events. Over its history, the firm has established a reputation for navigating complex market dislocations through a combination of relative value analysis and dynamic hedging programs.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -8.3% |
| YTD return | -5.6% |
| Sharpe ratio | -2.82 |
| Win rate | 75% |
| AUM | $1.1B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.1B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.aristeiacapital.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| HEI | Heico Corporation | 22.7% | -6.3% |
| IAC | IAC Inc. | 20.2% | +20.9% |
| CCL | Carnival Corporation | 15.1% | -22.4% |
| LBRDK | Liberty Broadband Srs C | 9.3% | -37.6% |
| BATRK | Atlanta Braves Holdings, Inc. Series C Common Stock | 9.1% | +27.7% |
| FOXA | Fox Corp Class A | 4.0% | +13.5% |
| NWSA | News Corp A | 1.8% | +24.5% |
| BCAR | D. Boral ARC Acquisition I Corp. Class A Ordinary Shares | 1.7% | -52.7% |
| TDS | Telephone and Data Systems Inc | 1.7% | -9.3% |
| TONX | TON Strategy Co | 1.5% | +7.5% |
| ANSC | Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares | 1.5% | +4.4% |
| SDHI | Siddhi Acquisition Corp Class A Common stock | 1.5% | +3.6% |
| BIXI | Bitcoin Infrastructure Acquisition Corp Ltd. Class A Ordinary Shares | 1.4% | +4.3% |
| VG | Venture Global, Inc. | 1.4% | +7.8% |
| LOKV | Live Oak Acquisition Corp. V Class A Ordinary Shares | 1.3% | +12.8% |
| KCHV | Kochav Defense Acquisition Corp. Class A Ordinary Shares | 1.2% | +3.8% |
| CCIX | Churchill Capital Corp IX | 1.2% | +3.3% |
| DRDB | Roman DBDR Acquisition Corp. II Ordinary shares | 1.2% | +3.2% |
| NPAC | New Providence Acquisition Corp. III Class A Ordinary Shares | 1.1% | +1.3% |
| OTGA | OTG Acquisition Corp. I Class A Ordinary Share | 1.1% | +1.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 7, 2026 | SELL | HEI | 22.7% → 19.0% |
| Sep 7, 2026 | SELL | CCIX | 1.2% → 0.0% |
| Sep 7, 2026 | SELL | BCAR | 1.7% → 0.0% |
| Sep 7, 2026 | SELL | VG | 1.4% → 0.0% |
| Sep 7, 2026 | SELL | SDHI | 1.5% → 1.3% |
Investment Style Analysis
Aristeia Capital, LLC is widely recognized for employing a Multi-Strategy strategy. As of Sep 21, 2026, the firm oversees approximately $1.1B in assets under management (AUM). The portfolio demonstrates a clear preference for the Aerospace & Defense and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 7, Aristeia Capital, LLC made a significant move by reducing the position in HEI. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Aristeia Capital's investment philosophy is grounded in the principle that rigorous fundamental research and detailed analysis drive alpha. The firm seeks to produce attractive, risk-adjusted returns by combining deeply researched idiosyncratic investments with a dynamic hedging program. Their approach involves a combination of mathematical and statistical modeling alongside fundamental analysis of issuers, complex financial instruments, and potential outcomes of corporate events and restructurings. By actively managing capital across sub-strategies and utilizing an extensive technology platform, Aristeia aims to capture upside from asymmetric risk-reward opportunities while minimizing downside through comprehensive risk control systems.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Aristeia Capital, LLC.
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Frequently asked questions
How is the simulated portfolio for Aristeia Capital, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Aristeia Capital, LLC's largest holding?
As of the latest filing, Aristeia Capital, LLC's top position is Heico Corporation (HEI), representing 22.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Aristeia Capital, LLC's historical performance and risk profile?
Our simulation indicates a total return of -8.3% with a win rate of 75%. Notably, the portfolio maintains a Sharpe Ratio of -2.82, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Aristeia Capital, LLC primarily invest in?
Aristeia Capital, LLC has a strong preference for the Aerospace & Defense sector, which makes up 22.7% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Aristeia Capital, LLC's portfolio concentrated or diversified?
Aristeia Capital, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 58.0% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Aristeia Capital, LLC performed in 2026?
Our AI-simulated model portfolio for Aristeia Capital, LLC tracks a Year-to-Date (YTD) return of -5.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Anthony M. Frascella manage Aristeia Capital, LLC directly?
Yes, Anthony M. Frascella serves as the key portfolio manager for Aristeia Capital, LLC, overseeing the investment strategy and final capital allocation decisions.