# Sohn 2026 Pitches Scorecard: Who's Winning, Who's Bleeding

> Live tracker of all 30 Sohn 2026 Investment Conference stock picks. The Core Index beat the S&P 500 by 1.20% in 7 trading days. See who's winning and who's bleeding.


```tldr
The 31st annual Sohn Investment Conference took place on May 12 at Jazz at Lincoln Center, raising funds for pediatric cancer research at MSK Kids. We built an equal-weight index of all 30 pitches and tracked them for seven trading days. The Core Index of 16 main-stage picks returned +0.74% versus the S&P 500's -0.46%, generating +1.20% of alpha. The biggest winner so far is Vista Energy (VIST), up 15%. The biggest loser is Carvana (CVNA), down over 15%.
```

Every May, some of the best minds in finance walk onto a stage at Lincoln Center and put their reputations on the line with a stock pitch or two. They do it for a good reason: the [Sohn Investment Conference](https://www.sohnconference.org/), now in its 31st year, raises money for MSK Kids, the pediatric cancer program at Memorial Sloan Kettering Cancer Center. The conference honors the memory of Ira Sohn, a Wall Street professional who died of cancer at 29. Since its founding in 1995, the Sohn Conference series has raised more than $150 million for children's health research.

Sohn 2026 brought the usual roster of hedge fund headliners — David Einhorn, Joyce Meng, Soren Aandahl, Kevin Salimian, and a deep Next Wave bench — onto a single stage at Jazz at Lincoln Center on May 12. For the rest of us watching from the cheap seats, the natural question is: how are those Sohn 2026 stock picks actually doing?

We tracked all 30 stock ideas presented at the 2026 conference and built a simple scorecard. Here is what the first seven trading days look like. (If you want to see how hedge fund hiring patterns are shifting alongside these pitch trends, our [hedge fund hiring breakdown](/blog/hedge-fund-hiring-engineers) and [skills survey](/blog/hedge-fund-skills-2026) are good companion reads.)

## The Scoreboard: Core Index vs. the S&P 500

We constructed two equal-weight baskets. The Core Index includes the 16 main-stage pitches (14 longs and 2 shorts). The Extended Index captures all 30 ideas, including the Next Wave rising-manager presentations and the short-selling panel moderated by Jim Chanos.

Through May 20 (seven trading days from the conference date), the numbers:

| Basket | 7-day return | Alpha vs. S&P 500 |
| --- | ---: | ---: |
| Core Index (16 picks) | +0.74% | +1.20% |
| Extended Index (30 picks) | +0.07% | +0.53% |
| S&P 500 | -0.46% | – |

```index-chart
{
  "title": "Index Levels (Base 100 = May 12)",
  "subtitle": "Equal-weight · Combined",
  "note": "Daily close",
  "xLabels": ["May 12", "May 13", "May 14", "May 15", "May 18", "May 19", "May 20", "May 21", "May 22"],
  "yMin": 98.5,
  "yMax": 104.0,
  "baseline": 100,
  "series": [
    { "id": "core", "label": "Core (16)", "color": "#3B82F6", "data": [100.00, 101.40, 102.30, 101.30, 101.00, 100.70, 101.00, 100.50, 101.10] },
    { "id": "extended", "label": "Extended (30)", "color": "#8B5CF6", "data": [100.00, 101.05, 101.85, 101.00, 100.65, 100.30, 100.70, 101.05, 101.50] },
    { "id": "sp500", "label": "S&P 500", "color": "#FFFFFF", "dashed": true, "data": [100.00, 100.60, 101.00, 100.10, 100.00, 99.70, 100.30, 100.50, 100.55] }
  ]
}
```

Not bad for a week. Keep in mind these are equal-weight baskets, so a single name can drag the average, and short positions contribute the inverse of the stock return (a short that drops 10% adds 10% to the index). Both baskets jumped out to a strong lead by May 14, then gave back gains as the broader market softened. The Core Index held up better than the Extended basket, which tells you the main-stage presenters picked slightly better horses.

The full tracker is below. Filter by manager, side, or sector; the cumulative-return chart updates as you click.

```artifact-embed
url: https://app.matterfact.com/artifacts/sohn-2026-dashboard?owner=stan%40acadia.im
title: Sohn 2026 pitch tracker
height: 760
eyebrow: Live tracker
```

## The Leaderboard: Winners and Losers

Three names lead the pack after seven days, and three are deep in the red.

```pitch-leaderboard
{
  "winners": [
    { "ticker": "IFNNY", "side": "long", "fund": "Voxel Capital", "ret": 22.83, "note": "AI power semis re-rating; Citi to EUR 80, JPM to EUR 74; auto destock complete." },
    { "ticker": "NOK", "side": "long", "fund": "Philosophy Capital", "ret": 17.46 },
    { "ticker": "TTMI", "side": "long", "fund": "Whale Rock", "ret": 16.26 }
  ],
  "losers": [
    { "ticker": "JMIA", "side": "long", "fund": "CHANGE Global", "ret": -12.66, "note": "Long hurt: African e-commerce execution slower than hoped; market resumed skepticism on profitability timeline." },
    { "ticker": "ACHC", "side": "long", "fund": "Greenlight Capital", "ret": -10.91 },
    { "ticker": "FIX", "side": "long", "fund": "Hiddenite (comparator)", "ret": -9.33 }
  ]
}
```

**Infineon Technologies (IFNNY)**, pitched long by Kevin Salimian of Voxel Capital at the Next Wave session, leads the pack at +22.83%. The AI power semiconductor re-rating continues, with Citi raising its target to EUR 80 and JPM to EUR 74. Auto destock headwinds are clearing, and the market is starting to price in Infineon's leverage to the next cycle of AI infrastructure buildout.

**Nokia (NOK)** from Philosophy Capital is the second-best performer at +17.46%, riding the renewed enthusiasm for telco infra capex tied to AI datacenter buildouts. **TTM Technologies (TTMI)**, pitched long by Whale Rock, rounds out the top three at +16.26% on the same AI-infrastructure tailwind.

On the other side, **Jumia Technologies (JMIA)** from CHANGE Global's Thea Jamison is down 12.66%. The African e-commerce play has run into renewed skepticism about execution speed and the timeline to profitability. **Acadia Healthcare (ACHC)** from Greenlight is off 10.91% as longer-duration turnaround names came under pressure. **Comfort Systems (FIX)**, the comparator in the Hiddenite presentation, fell 9.33% on rate-sensitivity concerns.

Other notable movers worth flagging from the broader basket: **Vista Energy (VIST)** is up double-digits on its Bandurria Sur and Bajo del Toro guidance raise and the Argentina re-rating; **Rezolve AI (RZLV)** continues to bleed for the short side after Joyce Meng's panel pitch; and **Carvana (CVNA)** remains weak as oil above $108 pressures the used-car consumer.

```request-access
heading: Want this kind of scorecard on your own watchlist?
description: matterfact tracks pitches, catalysts, and earnings call sentiment across thousands of names so you can pressure-test a thesis the moment it's pitched.
buttonText: Request access
```

## David Einhorn's Transition Basket: A Mixed Week

Einhorn's presentation was the marquee event, as it usually is. After years of pitching obscure European companies, he returned with five domestic "transition stories" where management repositioning could unlock value. His basket through seven days:

| Ticker | Company | 7-day return |
| --- | --- | ---: |
| VSNT | Versant Media | +4.98% |
| CNC | Centene | -0.05% |
| FLR | Fluor | -4.93% |
| ACHC | Acadia Healthcare | -5.11% |
| VSCO | Victoria's Secret | -5.15% |
| | **Basket average** | **-2.05%** |

The average across all five is -2.05%. Versant Media, the recent Comcast spinoff, is the only name in the green. The thesis there centers on live news and event programming being more resilient to cord-cutting than the market assumes. The rest of the basket is underwater, with Acadia Healthcare and Victoria's Secret each down about 5%. Both are longer-duration turnaround stories that require patience measured in quarters, not days. Judging Einhorn's transition thesis after one week is like checking your sourdough starter after ten minutes. Give it time.

## Fund-Level Standouts

A few managers are worth watching at the fund level:

| Fund | Manager | Pick(s) | Avg. 7-day return |
| --- | --- | --- | ---: |
| FACT Capital | Joyce Meng | RZLV (short) | +12.95% |
| Voxel Capital | Kevin Salimian | IFNNY | +11.94% |
| Blue Orca | Soren Aandahl | OSIS (short) | +7.94% |
| Balance Capital | Tariq Barma | Perimeter Solutions | +6.23% |
| Maplelane Capital | Leon Shaulov | DDOG, TXN, LRCX | +2.32% |
| CHANGE Global | Thea Jamison | VIST, JMIA | -0.01% |
| General Equity | Andrew Bellas | CVNA | -15.48% |

**Voxel Capital** (Kevin Salimian) leads all funds at +11.94% on the strength of Infineon alone. Single-name conviction, and so far it is paying off.

**FACT Capital** (Joyce Meng) is right behind at +12.95% with her Rezolve AI short. The short-selling panel, moderated by Chanos, produced some of the strongest early returns in the index.

**Blue Orca** (Soren Aandahl) shorted OSI Systems (OSIS), which fell 7.94%, contributing +7.94% to the index. Two of the top five index contributors are shorts, which is unusual for a conference that historically skews long.

**Maplelane Capital** (Leon Shaulov) is averaging +2.32% across Datadog, Texas Instruments, and Lam Research. A balanced semi and software basket that is holding up nicely.

**Balance Capital** (Tariq Barma) pitched Perimeter Solutions long, up +6.23%. Another Next Wave manager outperforming the main stage.

**General Equity** (Andrew Bellas) is having the roughest week at -15.48% on Carvana alone.

## What We're Watching Next

Seven trading days is just a snapshot. These things take time to play out. Some of the best Sohn pitches in history looked mediocre in the first week and crushed it over six to twelve months. Some looked great early and faded. The value of tracking them is in understanding the thesis, the catalysts, and whether the market is confirming or pushing back on the narrative.

A few things we are watching:

- **The Einhorn basket needs a catalyst.** Versant Media earnings and any Acadia Healthcare occupancy data will be the first real data points to test the transition thesis.
- **Vista Energy's momentum depends on Brent staying above $80.** If oil cracks, the Argentina re-rating unwinds quickly.
- **The short sellers are winning early.** Two of the top five contributors are short positions. If that holds, it says something about the current market environment and the quality of the short-selling talent Sohn is cultivating through the Next Wave program.

We will update this Sohn 2026 scorecard at the 30-day, 90-day, and one-year marks.

```faq
heading: Sohn 2026 Conference FAQ
eyebrow: FAQ

What is the Sohn Investment Conference?
The Sohn Investment Conference is an annual hedge fund event in New York City where leading managers present their highest-conviction stock pitches. Founded in 1995 in memory of Ira Sohn, the conference has raised more than $150 million for pediatric cancer research at Memorial Sloan Kettering's MSK Kids program.

When was the 2026 Sohn Investment Conference?
The 31st annual Sohn Investment Conference took place on May 12, 2026 at Jazz at Lincoln Center in New York.

Which Sohn 2026 stock pick is performing best?
After seven trading days, Infineon Technologies (IFNNY), pitched long by Kevin Salimian of Voxel Capital at the Next Wave session, leads at +22.83%. Nokia (NOK) from Philosophy Capital and TTM Technologies (TTMI) from Whale Rock round out the top three.

Which Sohn 2026 pitch is performing worst?
Jumia Technologies (JMIA), pitched long by Thea Jamison of CHANGE Global, is the worst-performing main-stage long at -12.66% over the first seven trading days, followed by Acadia Healthcare (ACHC) at -10.91% and Comfort Systems (FIX) at -9.33%.

How did David Einhorn's Sohn 2026 picks perform?
Einhorn presented a five-name "transition basket" at Sohn 2026 — Versant Media (VSNT), Centene (CNC), Fluor (FLR), Acadia Healthcare (ACHC), and Victoria's Secret (VSCO). The basket is down 2.05% on average after seven trading days, with Versant Media the only name in the green at +4.98%.

How did the Sohn 2026 picks perform versus the S&P 500?
Our equal-weight Core Index of the 16 main-stage Sohn 2026 picks returned +0.74% over seven trading days versus the S&P 500's -0.46%, generating +1.20% of alpha. The Extended Index of all 30 ideas (including Next Wave and short-selling panel pitches) returned +0.07%, +0.53% above the benchmark.

Where can I track Sohn 2026 pitch performance over time?
We maintain a live tracker at [app.matterfact.com/artifacts/sohn-2026-dashboard](https://app.matterfact.com/artifacts/sohn-2026-dashboard?owner=stan%40acadia.im). It updates daily and lets you filter by manager, side (long/short), and sector.
```

```request-access
heading: Run your own analysis on any name in the basket.
description: matterfact pulls podcast intelligence, earnings call sentiment, and agentic dashboarding into one workspace. Ask the platform what the whispers are on VIST, CVNA, or any ticker in this basket. You might find something the conference crowd missed.
buttonText: Request access
```