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Appian Way Asset Management LP

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13F filer, CIK 1795816, NEW YORK, NY

Appian Way Asset Management LP reported $451,936,647 across 28 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 85.34% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001985479-25-000008

Period
2025-06-30
Reported value
$452M
Holdings
28
Top 10 weight
85.34%
New
10
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMCOR PLCadded+2,846,854$26.2M
ESIadded+801,544$18.2M
KEXnew+155,011$17.6M
CCadded+1,342,053$15.4M
GXOnew+128,278$6.25M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PCTreduced-3,495,369-$47.9M
DYreduced-161,250-$39.4M
SEEreduced-784,686-$24.3M
GLNGreduced-312,414-$12.9M
PKGexited-50,880-$10.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001985479-25-000008, largest first. % of portfolio is the value over $398,264,947, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PCTPURECYCLE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,674,168 shares; 2024Q4: 4,865,682 shares; 2025Q1: 7,351,348 shares; 2025Q2: 3,855,979 shares 3,855,979$52.8M13.26%-3,495,369Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 417,611 shares; 2024Q4: 1,315,422 shares; 2025Q1: 1,524,621 shares; 2025Q2: 1,212,207 shares 1,212,207$49.9M12.54%-312,414Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 64,231 shares; 2025Q1: 450,780 shares; 2025Q2: 415,049 shares 415,049$47.7M11.99%-35,731Timeline
CCCHEMOURS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,680,673 shares; 2024Q4: 2,532,276 shares; 2025Q1: 2,471,288 shares; 2025Q2: 3,813,341 shares 3,813,341$43.7M10.96%+1,342,053Timeline
AMCOR PLCAMCOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,806,098 shares; 2025Q1: 933,729 shares; 2025Q2: 3,780,583 shares 3,780,583$34.7M8.72%+2,846,854
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 535,843 shares; 2024Q4: 1,283,213 shares; 2025Q1: 697,988 shares; 2025Q2: 1,499,532 shares 1,499,532$34M8.53%+801,544Timeline
SGMLSIGMA LITHIUM CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,092,401 shares; 2024Q4: 4,712,425 shares; 2025Q1: 4,963,006 shares; 2025Q2: 5,359,019 shares 5,359,019$24.1M6.06%+396,013Timeline
SEESEALED AIR CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,426,247 shares; 2024Q4: 1,515,188 shares; 2025Q1: 1,487,747 shares; 2025Q2: 703,061 shares 703,061$21.8M5.48%-784,686Timeline
KEXKIRBY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 16,739 shares; 2025Q1: not reported; 2025Q2: 155,011 shares 155,011$17.6M4.41%newTimeline
THTARGET HOSPITALITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,804,184 shares; 2025Q2: 1,893,133 shares 1,893,133$13.5M3.38%+88,949Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 539,376 shares; 2025Q2: 497,237 shares 497,237$8.49M2.13%-42,139Timeline
DYDYCOM INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 202,551 shares; 2024Q4: 91,143 shares; 2025Q1: 189,685 shares; 2025Q2: 28,435 shares 28,435$6.95M1.74%-161,250Timeline
KNXKNIGHT-SWIFT TRANSN HLDGS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 72,711 shares; 2025Q2: 146,955 shares 146,955$6.5M1.63%+74,244Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 128,278 shares 128,278$6.25M1.57%newTimeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 501,830 shares; 2025Q1: 604,872 shares; 2025Q2: 258,555 shares 258,555$6.19M1.55%-346,317Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 189,400 shares; 2024Q4: not reported; 2025Q1: 27,952 shares; 2025Q2: 32,147 shares 32,147$5.48M1.38%+4,195Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 143,439 shares; 2025Q2: 93,167 shares 93,167$4.04M1.01%-50,272Timeline
IAGIAMGOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 499,879 shares 499,879$3.67M0.92%newTimeline
CSLCARLISLE COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,387 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,548 shares 8,548$3.19M0.8%newTimeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 65,800 shares 65,800$2.5M0.63%newTimeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 49,255 shares 49,255$2.29M0.57%newTimeline
JBTMJBT MAREL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,600 shares 16,600$2M0.5%newTimeline
DARIOHEALTH CORPDARIOHEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,410,870 shares; 2024Q4: 1,410,845 shares; 2025Q1: 1,280,880 shares; 2025Q2: 1,280,880 shares 1,280,880$858K0.22%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
DARDARLING INGREDIENTS INC Stockcall730,000$27.7Mnew
CFCF INDUSTRIES HOLD Stockcall90,000$8.28Mnew
MOSMOSAIC CO Stockcall225,000$8.21Mnew
PCTPURECYCLE TECHNOLOGIES INC COMcall400,000$5.48M-800,000
CCCHEMOURS CO Stockcall350,000$4.01M0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR57,500$11.5Mcall
PKGPACKAGING CORP AMER50,880$10.1Mshares
PSNPARSONS CORP DEL153,688$9.1Mshares
BABOEING CO36,666$6.25Mshares
ATIATI INC91,765$4.77Mshares
WWDWOODWARD INC8,044$1.47Mshares
GEVGE VERNOVA INC4,000$1.22Mshares
WFGWEST FRASER TIMBER CO LTD15,131$1.16Mshares
WLKWESTLAKE CORPORATION7,165$717Kshares
AVNTAVIENT CORPORATION17,074$634Kshares
NXENEXGEN ENERGY LTD11,374$51.1Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001985479-25-000008 base2025-08-14acceptance time not in the bulk data set