Incline Global Management LLC

Hedge Fund • Long/Short

Incline Global Management LLC is a Long/Short Hedge Fund based in New York, NY led by Jeffrey Louis Lignelli, managing $337.3M across 27 long positions as of Q3 2025 with WEX as the largest holding (5% allocation).

CEOJeffrey Louis Lignelli

Portfolio Value: $337.3M
Positions: 27
Top Holding: WEX at 4.62%
Last Reported: Q3 2025

Address40 West 57th Street, Suite 1430, New York, NY, 10019, United States

Top Holdings

Largest long holdings in Incline Global Management LLC's portfolio (46% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 WEX WEX	Software - Infrastructure Technology	$15.6M	4.62%	+$1.6M Bought	0.29% 99.0K shares	Q2 2021 Held for 4y 5m
2 Norwegian Cruise Line Holdings Ltd. NCLH	Travel Services Consumer Cyclical	$15.6M	4.62%	-$25.4K Sold	0.14% 632.9K shares	Q2 2025 Held for 5 months
3 ASGN ASGN	Information Technology Services Technology	$15.6M	4.62%	+$15.6M Bought	0.75% 328.8K shares	Q3 2025 Held for 2 months
4 Brown & Brown BRO	Insurance - Brokers Financial Services	$15.6M	4.61%	+$15.6M New	0.05% 165.8K shares	Q3 2025 Held for 2 months
5 TransUnion TRU	Consulting Services Industrials	$15.5M	4.61%	+$5.0M Bought	0.10% 185.5K shares	Q3 2020 Held for 5y 2m
6 Morningstar MORN	Financial - Data & Stock Exchanges Financial Services	$15.5M	4.61%	+$15.5M Bought	0.16% 67.0K shares	Q3 2025 Held for 2 months
7 Maplebear Inc. CART	Specialty Retail Consumer Cyclical	$15.5M	4.61%	+$7.0M Bought	— 422.6K shares	Q1 2024 Held for 1y 8m
8 IAC, Inc. IAC	Internet Content & Information Communication Services	$15.4M	4.57%	+$3.8M Bought	— 452.4K shares	Q4 2021 Held for 3y 11m
9 Dave & Buster's Entertainment PLAY	Entertainment Communication Services	$15.4M	4.56%	+$12.1M Bought	2.44% 846.2K shares	Q4 2024 Held for 11 months
10 Corpay CPAY	Software - Infrastructure Technology	$15.3M	4.54%	+$5.8M Bought	0.08% 53.1K shares	Q1 2024 Held for 1y 8m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Incline Global Management LLC's latest filing

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GthenC

Market Value

$337.3M

Prior: $254.3M

Q/Q Change

+32.61%

+$82.9M

Net Flows % of MV

+6.21%

Turnover Ratio

41.56%

New Purchases

6 stocks

$63.9M

Added To

11 stocks

+$54.6M

Sold Out Of

9 stocks

$90.8M

Reduced Holdings

5 stocks

-$6.7M

Increased Positions

Position	Shares Δ	Change
1 Brown & Brown BRO	New	0 → 165.8K +$15.6M
2 Ziff Davis ZD	New	0 → 371.7K +$14.2M
3 Flutter Entertainment FLUT	New	0 → 46.6K +$11.8M
4 DigitalBridge Group DBRG	New	0 → 1.0M +$11.7M
5 Vertiv Holdings Co VRT	New	0 → 40.9K +$6.2M

Decreased Positions

Position	Shares Δ	Change
1 Core Scientific, Inc. CORZ	Sold	1.0M → 0 −$17.6M
2 Hut 8 Mining Corp. HUT	Sold	748.4K → 0 −$13.9M
3 Primoris Services PRIM	Sold	147.1K → 0 −$11.5M
4 StoneCo STNE	Sold	650.4K → 0 −$10.4M
5 MGM Resorts International MGM	Sold	303.1K → 0 −$10.4M