Invenomic Capital Management LP

Hedge Fund • Long/Short

Invenomic Capital Management LP is a Long/Short Hedge Fund based in Boston, MA led by Benjamin Robert Deschaine, reporting $3.2B in AUM as of Q3 2025 with GPN as the largest holding (3% allocation).

PresidentBenjamin Robert Deschaine

Portfolio Value: $1.9B
Positions: 142
Top Holding: GPN at 2.95%
Last Reported: Q3 2025

Address211 Congress St, 8th Floor, Boston, MA, 02110, United States

Top Holdings

Largest long holdings in Invenomic Capital Management LP's portfolio (24.7% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Global Payments GPN	Specialty Business Services Industrials	$56.6M	2.95%	+$5.7M Bought	0.28% 681.1K shares	Q1 2023 Held for 2y 8m
2 DENTSPLY SIRONA XRAY	Medical - Instruments & Supplies Healthcare	$55.2M	2.88%	+$18.1M Bought	2.18% 4.4M shares	Q3 2024 Held for 1y 2m
3 Eldorado Gold EGO	Gold Basic Materials	$54.3M	2.83%	-$4.4M Sold	0.92% 1.9M shares	Q1 2023 Held for 2y 8m
4 Viatris VTRS	Drug Manufacturers - Specialty & Generic Healthcare	$53.6M	2.80%	+$7.6M Bought	0.46% 5.4M shares	Q3 2022 Held for 3y 2m
5 Acadia Healthcare ACHC	Medical - Care Facilities Healthcare	$47.9M	2.50%	+$14.1M Bought	2.10% 1.9M shares	Q1 2025 Held for 8 months
6 Teleflex TFX	Medical - Instruments & Supplies Healthcare	$47.2M	2.46%	+$12.4M Bought	0.87% 385.7K shares	Q4 2024 Held for 11 months
7 RingCentral RNG	Software - Application Technology	$42.0M	2.19%	+$1.6M Bought	1.64% 1.5M shares	Q2 2025 Held for 5 months
8 PVH PVH	Apparel - Manufacturers Consumer Cyclical	$41.3M	2.16%	+$6.6M Bought	1.03% 493.4K shares	Q1 2025 Held for 8 months
9 Concentrix Corporation CNXC	Information Technology Services Technology	$38.0M	1.98%	+$6.3M Bought	1.32% 822.3K shares	Q2 2024 Held for 1y 5m
10 Akamai Technologies AKAM	Software - Infrastructure Technology	$37.8M	1.97%	+$5.4M Bought	0.35% 499.1K shares	Q2 2024 Held for 1y 5m

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GthenH

Changes

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

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GthenC

Market Value

$1.9B

Prior: $1.8B

Q/Q Change

+8.79%

+$154.9M

Net Flows % of MV

-9.67%

Turnover Ratio

29.41%

New Purchases

17 stocks

$109.5M

Added To

42 stocks

+$252.7M

Sold Out Of

43 stocks

$298.6M

Reduced Holdings

61 stocks

-$248.8M

Increased Positions

Position	Shares Δ	Change
1 CONMED CNMD	New	0 → 420.0K +$19.8M
2 Ecovyst ECVT	New	0 → 1.9M +$16.7M
3 Goodyear Tire & Rubber Company GT	New	0 → 1.8M +$13.8M
4 Stepan SCL	New	0 → 180.7K +$8.6M
5 Kornit Digital KRNT	New	0 → 470.8K +$6.4M

Decreased Positions

Position	Shares Δ	Change
1 Advance Auto Parts AAP	Sold	630.6K → 0 −$29.3M
2 New Gold NGD	Sold	4.2M → 0 −$20.9M
3 Five Below FIVE	Sold	110.4K → 0 −$14.5M
4 Integral Ad Science IAS	Sold	1.6M → 0 −$13.1M
5 Federated Hermes FHI	Sold	295.1K → 0 −$13.1M