Appian Way Asset Management LP is a hedge fund based in New York, established in August 2019. The firm manages assets totaling between $447 million and $480 million across 29 to 35 public equity positions. Led by a senior team including Chief Operating Officer Mark Weiner, Appian Way emphasizes precise research, structured portfolio construction and continuous risk monitoring. The firm executes a market-neutral, sector-focused strategy that seeks to capture isolated, mispriced opportunities while limiting directional exposure.
This approach blends in-depth company analysis with proprietary quantitative tools for data-driven insight. Risk management protocols set strict limits on position size and overall exposure, and regular reviews ensure quick adaptation to market movements. In its most recent reporting period, the fund initiated 14 new positions, increased stakes in six names, fully exited from 20 holdings and trimmed nine others, demonstrating an active stance toward portfolio adjustment.
While maintaining its broad market-neutral mandate, Appian Way holds several stocks tied to clean energy and battery materials. Sigma Lithium Corporation, a key equity, supplies lithium for electric vehicle batteries, and PureCycle Technologies focuses on sustainable polypropylene recycling. Newer positions include Core Scientific, which pursues carbon-neutral digital asset mining, and GE Vernova, an industrial spin-off centered on renewable energy and power generation technology. These stakes reflect the firm’s selective exposure to environmental themes where mispricing may occur.
