59 North Capital Management, LP
Long book
$3.35B
Q1 2026
Positions
17
Top-10 weight
87%
concentration
Last quarter
+1.8%
SPY +14.8%
Turnover
42%
of book per quarter
Strategy in plain words
auto-generated from filings59 North Capital Management, LP is a concentrated fundamental stock-picker, running a $3.35B US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AERCAP HOLDINGS NV, KINDER MORGAN INC, DT MIDSTREAM INC, FERGUSON ENTERPRISES INC, NEWS CORP - CLASS A.
Over the last 9 quarters its long book ran on average 2.9pp per quarter behind 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
-0.9%
Q2 2024
+6.1%
Q3 2024
-2.9%
Q4 2024
-3.5%
Q1 2025
+11.5%
Q2 2025
+3.1%
Q3 2025
-0.1%
Q4 2025
-1.1%
Q1 2026
+1.8%
Sector allocation
Utilities 29%
Services media 20%
Other 18%
Consumer discretionary 17%
Industrials 7%
Energy 7%
Financials 2%
Long book by quarter
What does 59 North own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AER AERCAP HOLDINGS NV | Services media | 3.1M | $428.5M | 12.8% | -5.7% |
| KMI KINDER MORGAN INC | Utilities | 10.6M | $354.2M | 10.6% | -7.1% |
| DTM DT MIDSTREAM INC | Utilities | 2.6M | $353.1M | 10.5% | -14.0% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 1.4M | $332.9M | 9.9% | +13.7% |
| NWSA NEWS CORP - CLASS A | Other | 12.5M | $310.4M | 9.3% | -4.0% |
| CCL CARNIVAL CORP LTD | Industrials | 9.3M | $240.8M | 7.2% | +22.7% |
| LPX LOUISIANA-PACIFIC CORP | Other | 3.3M | $237.4M | 7.1% | -7.7% |
| CEG CONSTELLATION ENERGY | Utilities | 813.1K | $227.1M | 6.8% | +39.4% |
| CVX CHEVRON CORP | Energy | 1.0M | $211.6M | 6.3% | New |
| DIS WALT DISNEY CO/THE | Services media | 2.2M | $207.3M | 6.2% | New |
| SITE SITEONE LANDSCAPE SUPPLY INC | Consumer discretionary | 1.0M | $139.7M | 4.2% | -27.9% |
| GPC GENUINE PARTS CO | Consumer discretionary | 823.5K | $87.1M | 2.6% | New |
| L LOEWS CORP | Financials | 456.6K | $48.7M | 1.5% | New |
| NWS NEWS CORP - CLASS B | Other | 1.5M | $43.6M | 1.3% | -28.1% |
| NFG NATIONAL FUEL GAS CO | Utilities | 174.1K | $16.4M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 17 | $3.35B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $3.21B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 14 | $3.21B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 14 | $2.80B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $2.78B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13 | $2.14B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 17 | $2.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 15 | $2.03B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 16 | $1.66B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP