1248 Management, LLC
Long book
$215.7M
Q1 2026
Positions
146
Top-10 weight
63%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filings1248 Management, LLC is a diversified fundamental manager, running a $215.7M US long book across 146 positions.
The portfolio is concentrated: the top 10 names carry 63% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: PALMER SQUARE CAPITAL BDC IN, ISHARES EXPANDED TECH-SOFTWA, ALPHABET INC-CL A, MICROSOFT CORP, SCHWAB (CHARLES) CORP.
Over the last 6 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-6.6%
Q1 2025
+15.5%
Q2 2025
+7.4%
Q3 2025
+1.6%
Q4 2025
-11.0%
Q1 2026
+18.1%
Sector allocation
Technology 38%
Financials 24%
Other 16%
Consumer discretionary 8%
Industrials 6%
Healthcare 4%
Services media 3%
Energy 1%
Long book by quarter
What does 1248 Management, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PSBD PALMER SQUARE CAPITAL BDC IN | — | 3.0M | $30.0M | 13.9% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 51.9K | $14.9M | 6.9% | Held |
| MSFT MICROSOFT CORP | Technology | 38.4K | $14.2M | 6.6% | +94.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 146.3K | $13.7M | 6.4% | +56.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 46.6K | $9.7M | 4.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 32.7K | $9.6M | 4.5% | Held |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 122.4K | $8.5M | 3.9% | +5377.9% |
| NVDA NVIDIA CORP | Technology | 48.2K | $8.4M | 3.9% | +0.3% |
| ORCL ORACLE CORP | Technology | 54.6K | $8.0M | 3.7% | -2.7% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 16.4K | $6.4M | 3.0% | +2250.5% |
| OKTA OKTA INC | Technology | 70.8K | $5.6M | 2.6% | New |
| CRM SALESFORCE INC | Technology | 27.4K | $5.1M | 2.4% | +0.8% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 44.3K | $4.9M | 2.3% | New |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 13.9K | $4.2M | 1.9% | New |
| AAPL APPLE INC | Technology | 13.0K | $3.3M | 1.5% | Held |
| ACHR ARCHER AVIATION INC-A | Industrials | 614.6K | $3.2M | 1.5% | Held |
| PAYS PAYSIGN INC | Services media | 497.4K | $2.9M | 1.4% | Held |
| GLW CORNING INC | Industrials | 11.9K | $1.6M | 0.8% | Held |
| GEV GE VERNOVA INC | Industrials | 1.8K | $1.6M | 0.7% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 2.6K | $1.5M | 0.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.5K | $1.4M | 0.6% | Held |
| AVGO BROADCOM INC | Technology | 4.4K | $1.4M | 0.6% | -14.3% |
| BKR BAKER HUGHES CO | Industrials | 20.1K | $1.2M | 0.6% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.3K | $1.1M | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 4.9K | $1.1M | 0.5% | Held |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 1.7K | $1.1M | 0.5% | Held |
| AMGN AMGEN INC | Healthcare | 2.6K | $903K | 0.4% | +167.8% |
| KLAC KLA CORP | Other | 609 | $897K | 0.4% | -1.0% |
| V VISA INC-CLASS A SHARES | Services media | 3.0K | $896K | 0.4% | Held |
| AZO AUTOZONE INC | Consumer discretionary | 253 | $855K | 0.4% | Held |
| BLK BLACKROCK INC | Financials | 883 | $849K | 0.4% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 3.9K | $820K | 0.4% | Held |
| CDNS CADENCE DESIGN SYS INC | Technology | 2.9K | $793K | 0.4% | Held |
| C CITIGROUP INC | Financials | 7.0K | $791K | 0.4% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 790 | $787K | 0.4% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.9K | $786K | 0.4% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 4.8K | $771K | 0.4% | -5.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 10.1K | $728K | 0.3% | Held |
| SYK STRYKER CORP | Healthcare | 2.2K | $712K | 0.3% | +298.0% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 11.3K | $710K | 0.3% | +37.7% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 913 | $705K | 0.3% | Held |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 3.3K | $700K | 0.3% | Held |
| CVX CHEVRON CORP | Energy | 3.4K | $699K | 0.3% | Held |
| TSLA TESLA INC | Industrials | 1.9K | $690K | 0.3% | Held |
| BKNG BOOKING HOLDINGS INC | Industrials | 163 | $686K | 0.3% | Held |
| ETN EATON CORP PLC | Industrials | 1.9K | $682K | 0.3% | Held |
| ANET ARISTA NETWORKS INC | Technology | 5.3K | $656K | 0.3% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 2.6K | $618K | 0.3% | Held |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 548 | $600K | 0.3% | New |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 1.3K | $600K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 147 | $215.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 157 | $186.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 156 | $177.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2025 | 168 | $270.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Jun 9, 2025 | 167 | $234.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 179 | $182.2M | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 75 | $232.2M | canonical | SEC ↗ |
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