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Ardmore Road Asset Management LP
Chris Connor · Hedge Fund · Long/Short Equity
Ardmore Road Asset Management LP is an SEC-registered alternative investment management firm founded in 2020 and headquartered in New York. Founded by Chris Connor, a veteran technology investor with previous leadership roles at Citadel Global Equities and JAT Capital, the firm focuses on achieving superior risk-adjusted returns through fundamental investing. Its specialized team focuses on opportunities across the global technology industry, as well as media, communications, and consumer sectors. The firm combines a process-driven approach to research with a risk-efficient portfolio construction to manage assets for pooled investment vehicles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +23.5% |
| YTD return | +11.5% |
| Sharpe ratio | 2.99 |
| Win rate | 42% |
| AUM | $1.2B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.2B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://ardmoreroad.com |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| GWRE | Guidewire Software Inc | 9.7% | -20.6% |
| TEAM | Atlassian Corp Plc | 8.7% | -1.5% |
| VZ | Verizon Communications Inc | 6.4% | +2.6% |
| TMUS | T-Mobile US Inc | 6.0% | -9.7% |
| PCOR | Procore Technologies Inc | 5.2% | -9.2% |
| MSFT | Microsoft Corporation | 5.2% | +5.5% |
| NTNX | Nutanix Inc | 5.1% | +45.7% |
| AMD | Advanced Micro Devices Inc | 5.0% | +111.9% |
| UBER | Uber Technologies Inc | 4.7% | +2.1% |
| INTU | Intuit Inc | 4.4% | -6.4% |
| MDB | MongoDB | 4.3% | -17.5% |
| WBD | Warner Bros Discovery Inc | 4.3% | -1.7% |
| AMT | American Tower Corp | 4.2% | -0.1% |
| TSM | Taiwan Semiconductor Manufacturing | 4.1% | +40.2% |
| ROKU | Roku Inc | 4.0% | -1.5% |
| OMC | Omnicom Group Inc | 4.0% | -6.5% |
| AMZN | Amazon.com Inc | 3.8% | -3.1% |
| WDAY | Workday Inc | 3.7% | -3.8% |
| MNDY | Monday.Com Ltd | 3.7% | -9.9% |
| FWONK | Liberty Media Corporation Series C Liberty Formula One Common Stock | 3.5% | -6.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | ROKU | 0.0% → 4.0% |
| Aug 31, 2026 | BUY | UBER | 4.1% → 4.7% |
| Aug 31, 2026 | BUY | MDB | 0.0% → 4.3% |
| Aug 31, 2026 | SELL | CRWV | 3.3% → 0.0% |
| Aug 31, 2026 | SELL | CIEN | 3.5% → 0.0% |
Investment Style Analysis
Ardmore Road Asset Management LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 4, 2026, the firm oversees approximately $1.2B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Application and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Ardmore Road Asset Management LP made a significant move by increasing exposure to ROKU. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Ardmore Road employs a fundamental, alpha-centric investment strategy focused on long/short investing in public companies within the global technology, media, communications, and consumer sectors. The firm aims to generate idiosyncratic alpha through a process-driven, bottom-up research model that identifies differentiated single stock ideas. This approach is integrated with a rules-based risk management framework designed to minimize downside volatility and systematic market risk, typically resulting in a portfolio with low net exposure and a focus on catalytic investments with compelling risk-reward profiles.
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 Ardmore Road Asset Management LP.
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Frequently asked questions
How is the simulated portfolio for Ardmore Road Asset Management LP 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 Ardmore Road Asset Management LP's largest holding?
As of the latest filing, Ardmore Road Asset Management LP's top position is Guidewire Software Inc (GWRE), representing 9.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Ardmore Road Asset Management LP's historical performance and risk profile?
Our simulation indicates a total return of +23.5% with a win rate of 42%. Notably, the portfolio maintains a Sharpe Ratio of 2.99, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Ardmore Road Asset Management LP primarily invest in?
Ardmore Road Asset Management LP has a strong preference for the Software - Application sector, which makes up 40.2% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Ardmore Road Asset Management LP's portfolio concentrated or diversified?
Ardmore Road Asset Management LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 24.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Ardmore Road Asset Management LP performed in 2026?
Our AI-simulated model portfolio for Ardmore Road Asset Management LP tracks a Year-to-Date (YTD) return of +11.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Chris Connor manage Ardmore Road Asset Management LP directly?
Yes, Chris Connor serves as the key portfolio manager for Ardmore Road Asset Management LP, overseeing the investment strategy and final capital allocation decisions.