DLD Asset Management, LP

Hedge Fund • Multi-Strategy

DLD Asset Management, LP is a Multi-Strategy Hedge Fund based in New York, NY led by Mark Lawrence Friedman, reporting $1.6B in AUM as of Q3 2025 with 34% Technology concentration and 54% concentrated in top 10 holdings.

CIOMark Lawrence Friedman

Portfolio Value: $700.9M
Positions: 146
Top Holding: SATS at 11.46%
Last Reported: Q3 2025

Address150 East 52nd Street, Suite 32001, New York, NY, 10022, United States

Top Holdings

Largest long holdings in DLD Asset Management, LP's portfolio (54.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 EchoStar SATS	Communication Equipment Technology	$80.3M	11.46%	+$80.3M New	0.37% 1.1M shares	Q3 2025 Held for 2 months
2 Merck & Co. MRK	Drug Manufacturers - General Healthcare	$47.1M	6.73%	+$9.0M Bought	0.02% 561.7K shares	Q2 2025 Held for 5 months
3 Halozyme Therapeutics HALO	Biotechnology Healthcare	$42.3M	6.04%	+$22.2M Bought	0.49% 577.3K shares	Q2 2025 Held for 5 months
4 Spirit Aerosystems SPR	Aerospace & Defense Industrials	$37.0M	5.28%	-$215.1K Sold	0.82% 958.5K shares	Q2 2025 Held for 5 months
5 Progress Software PRGS	Software - Application Technology	$35.2M	5.02%	-$219.3K Sold	1.87% 801.2K shares	Q2 2025 Held for 5 months
6 Ionis Pharmaceuticals IONS	Biotechnology Healthcare	$34.6M	4.94%	+$34.6M New	0.33% 529.3K shares	Q3 2025 Held for 2 months
7 Starwood Property Trust STWD	REIT - Mortgage Real Estate	$29.3M	4.18%	-$6.5M Sold	0.41% 1.5M shares	Q2 2025 Held for 5 months
8 Dropbox DBX	Software - Infrastructure Technology	$28.3M	4.04%	-$1.7M Sold	0.35% 936.3K shares	Q1 2025 Held for 8 months
9 Ford Motor Company F	Auto - Manufacturers Consumer Cyclical	$25.4M	3.62%	+$25.4M New	0.05% 2.1M shares	Q3 2025 Held for 2 months
10 Impinj, Inc. PI	Communication Equipment Technology	$19.7M	2.82%	-$4.7M Sold	0.38% 109.2K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in DLD Asset Management, LP's latest filing

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Market Value

$700.9M

Prior: $659.4M

Q/Q Change

+6.29%

+$41.5M

Net Flows % of MV

+4.03%

Turnover Ratio

41.99%

New Purchases

83 stocks

$256.1M

Added To

17 stocks

+$47.2M

Sold Out Of

40 stocks

$171.9M

Reduced Holdings

28 stocks

-$103.2M

Increased Positions

Position	Shares Δ	Change
1 EchoStar SATS	New	0 → 1.1M +$80.3M
2 Ionis Pharmaceuticals IONS	New	0 → 529.3K +$34.6M
3 Ford Motor Company F	New	0 → 2.1M +$25.4M
4 Elme Communities ELME	New	0 → 432.4K +$7.3M
5 Unity Software U	New	0 → 151.8K +$6.1M

Decreased Positions

Position	Shares Δ	Change
1 Guess GES	Sold	3.2M → 0 −$38.1M
2 Fluor FLR	Sold	513.1K → 0 −$26.3M
3 Northern Oil and Gas NOG	Sold	925.9K → 0 −$26.3M
4 Tyler Technologies TYL	Sold	20.4K → 0 −$12.1M
5 Vertex, Inc. VERX	Sold	289.3K → 0 −$10.2M

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Analytics

Portfolio insights and performance metrics for DLD Asset Management, LP

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Sector Allocation

Technology

34.20%

Healthcare

19.20%

Consumer Cyclical

10.50%

Real Estate

6.90%

Industrials

6.70%

Communication Services

2.30%

Financial Services

2.20%

ETF

0.80%

Utilities

0.40%

Consumer Defensive

0.40%

Basic Materials

0.20%

Energy

0.10%

Market Cap Distribution

Mega Cap (> $200B)

6.86%

Large Cap ($10B - $200B)

30.01%

Mid Cap ($2B - $10B)

29.78%

Small Cap ($300M - $2B)

21.77%

Micro Cap ($50M - $300M)

6.31%

Nano Cap (< $50M)

2.57%

N/A (ETF or Unknown)

2.71%

Portfolio Concentration

Top 10 Holdings %

54.12%

Top 20 Holdings %

71.94%

Top 50 Holdings %

87.28%

Top 100 Holdings %

96.95%