11 Capital Partners LP

Fundamental concentrated ★Highest signal CIK 1801172
League rank
#353
in Fundamental concentrated · #813 overall
Long book
$308.8M
Q1 2026
Positions
19
Top-10 weight
64%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
30%
of book per quarter

Strategy in plain words

auto-generated from filings

11 Capital Partners LP is a concentrated fundamental stock-picker, running a $308.8M US long book across 19 positions.

The portfolio is concentrated: the top 10 names carry 64% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MOODY'S CORP, DANAHER CORP, TAIWAN SEMICONDUCTOR-SP ADR, AMAZON.COM INC, AMPHENOL CORP-CL A.

Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+8.9%
Q3 2024
-2.5%
Q4 2024
-1.7%
Q1 2025
+20.5%
Q2 2025
+2.6%
Q3 2025
-1.1%
Q4 2025
-6.0%
Q1 2026
+18.1%

Sector allocation

Technology
33%
Industrials
29%
Services media
18%
Consumer discretionary
11%
Materials
5%
Financials
4%

Long book by quarter

$228.5M
Q1 2024
$242.9M
Q2 2024
$239.9M
Q3 2024
$243.5M
Q4 2024
$301.4M
Q1 2025
$318.1M
Q2 2025
$353.1M
Q3 2025
$336.2M
Q4 2025
$308.8M
Q1 2026

What does 11 Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MCO MOODY'S CORPServices media52.9K$23.1M7.5%+20.5%
DHR DANAHER CORPTechnology121.4K$23.0M7.5%+7.4%
AMZN AMAZON.COM INCConsumer discretionary99.7K$20.8M6.7%-13.7%
APH AMPHENOL CORP-CL ATechnology150.9K$19.1M6.2%-22.2%
V VISA INC-CLASS A SHARESServices media61.9K$18.7M6.1%+62.6%
MSFT MICROSOFT CORPTechnology48.6K$18.0M5.8%+7.4%
ASML ASML HOLDING NV-NY REG SHSIndustrials13.1K$17.4M5.6%-28.9%
META META PLATFORMS INC-CLASS ATechnology30.2K$17.3M5.6%+129.6%
GEV GE VERNOVA INCIndustrials19.8K$17.3M5.6%-11.3%
TT TRANE TECHNOLOGIES PLCTechnology39.6K$16.5M5.3%-28.4%
GE GENERAL ELECTRICIndustrials57.7K$16.4M5.3%-27.5%
LIN LINDE PLCMaterials31.6K$15.7M5.1%New
RBC RBC BEARINGS INCIndustrials26.5K$14.4M4.7%New
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary37.0K$11.8M3.8%-26.9%
BX BLACKSTONE INCFinancials90.7K$10.4M3.4%-5.1%
FICO FAIR ISAAC CORPServices media8.7K$9.3M3.0%-18.1%
PWR QUANTA SERVICES INCIndustrials16.6K$9.1M2.9%-68.5%
AXON AXON ENTERPRISE INCIndustrials21.2K$9.0M2.9%-23.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202620$348.5M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202621$363.5M canonicalSEC ↗
Q3 202513F-HRNov 13, 202520$353.1M canonicalSEC ↗
Q2 202513F-HRAug 14, 202518$318.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202517$301.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202517$248.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 202416$252.1M canonicalSEC ↗
Q2 202413F-HRAug 13, 202415$257.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 202416$310.2M canonicalSEC ↗