The Wheels are Falling Off

Exploring the asymmetric short opportunity.

Oct 18 • Avian Capital

5

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September 2026

It’s not Dotcom, It’s not 2008, it’s Both.

“History doesn’t repeat, but it often rhymes”

Sep 30 • Avian Capital

6

3

Avian Capital Holdings 9/11/26

Long/Short Fund Holdings as of 9/11/26

Sep 13 • Avian Capital

3

August 2026

The Real Estate Market is Running Out of Time

The real trouble may just be beginning...

Aug 30 • Avian Capital

3

1

1

Avian Capital Holdings "13F"

Long/Short Fund Holdings

Aug 18 • Avian Capital

2

OC Long/Short Fund Holdings 8/10/26

Long/Short Hedge Fund

Aug 11 • Avian Capital

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Long/Short Portfolio Themes

These are the long/short themes which I believe in for the future.

Aug 9 • Avian Capital

Holdings & Commentary July '26

Fund holdings and commentary for end of July

Aug 2 • Avian Capital

1

July 2026

Did the Bubble Just Pop?

A look at what's going on in markets

Jul 26 • Avian Capital

4

1

The Can can No Longer Be Kicked

Bank OZK Short Report

Jul 23 • Avian Capital

3

2

The Mental Health Revolution

Hidden asymmetry in biotech.

Jul 6 • Avian Capital

3

1

June 2026

2008 All Over Again for This Homebuilder?

$KBH Short Report

Jun 22 • Avian Capital

2