Blue Door Asset Management, LLC

Hedge Fund • Long/Short

Blue Door Asset Management, LLC is a Long/Short Hedge Fund based in Stamford, CT led by Michael Jay Luddy, managing $176.7M across 23 long positions as of Q3 2025 with 34% Technology concentration and 83% concentrated in top 10 holdings.

Managing PartnerMichael Jay Luddy

Portfolio Value: $176.7M
Positions: 23
Top Holding: FLEX at 13.25%
Last Reported: Q3 2025

Address2 Landmark Square, 2nd Floor, Stamford, CT, 06901, United States

Top Holdings

Largest long holdings in Blue Door Asset Management, LLC's portfolio (82.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Flex Ltd. FLEX	Hardware, Equipment & Parts Technology	$23.4M	13.25%	-$834.8K Sold	0.11% 403.9K shares	Q4 2021 Held for 3y 11m
2 PayPal Holdings, Inc. PYPL	Financial - Credit Services Financial Services	$22.2M	12.56%	—	0.03% 331.0K shares	Q1 2022 Held for 3y 8m
3 Nextpower Inc. NXT	Solar Energy	$20.5M	11.59%	-$2.3M Sold	0.19% 276.9K shares	Q1 2023 Held for 2y 8m
4 EPAM Systems EPAM	Information Technology Services Technology	$14.1M	7.96%	+$4.0M Bought	0.17% 93.3K shares	Q2 2025 Held for 5 months
5 Vertiv Holdings Co VRT	Electrical Equipment & Parts Industrials	$14.1M	7.95%	-$7.0M Sold	0.02% 93.2K shares	Q4 2021 Held for 3y 11m
6 Perrigo Company PRGO	Drug Manufacturers - Specialty & Generic Healthcare	$12.8M	7.27%	-$6.9M Sold	0.42% 576.7K shares	Q4 2023 Held for 1y 11m
7 Jabil JBL	Hardware, Equipment & Parts Technology	$11.7M	6.60%	—	0.05% 53.7K shares	Q4 2024 Held for 11 months
8 Hologic HOLX	Medical - Instruments & Supplies Healthcare	$11.3M	6.39%	+$391.4K Bought	0.08% 167.3K shares	Q4 2021 Held for 3y 11m
9 AGCO AGCO	Agricultural - Machinery Industrials	$8.0M	4.55%	+$2.1M Bought	0.10% 75.1K shares	Q2 2024 Held for 1y 5m
10 NICE NICE NICE	Unknown Unknown	$7.9M	4.49%	+$3.4M Bought	— 54.8K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Blue Door Asset Management, LLC's latest filing

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Market Value

$176.7M

Prior: $174.7M

Q/Q Change

+1.18%

+$2.1M

Net Flows % of MV

-5.7%

Turnover Ratio

15.68%

New Purchases

5 stocks

$4.2M

Added To

6 stocks

+$15.0M

Sold Out Of

3 stocks

$8.4M

Reduced Holdings

5 stocks

-$20.9M

Increased Positions

Position	Shares Δ	Change
1 Waystar Holding Corp. WAY	New	0 → 79.7K +$3.0M
2 Martin Marietta Materials MLM	New	0 → 480.0 +$302.5K
3 FedEx FDX	New	0 → 1.3K +$299.5K
4 Lowe's Companies LOW	New	0 → 1.2K +$296.5K
5 Autodesk ADSK	New	0 → 930.0 +$295.4K

Decreased Positions

Position	Shares Δ	Change
1 Pinterest, Inc. PINS	Sold	180.2K → 0 −$6.5M
2 Materials Select Sector Fund XLB	Sold	14.0K → 0 −$1.2M
3 SBA Communications SBAC	Sold	3.0K → 0 −$704.5K
4 Avantor AVTR	-79.91%	383.7K → 77.1K −$3.8M
5 Perrigo Company PRGO	-34.86%	885.4K → 576.7K −$6.9M