AE INDUSTRIAL PARTNERS, LP

Fundamental diversified ★Signal industrials specialist (95%) CIK 1880785
Long book
$1.63B
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+6.9%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

AE INDUSTRIAL PARTNERS, LP is a diversified fundamental manager, specialised in industrials (95% of the long book), running a $1.63B US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: FIREFLY AEROSPACE INC, REDWIRE CORP, YORK SPACE SYSTEMS INC, COGNIZANT TECH SOLUTIONS-A.

Over the last 6 quarters its long book ran on average 3.5pp 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
-39.3%
Q1 2025
+82.7%
Q2 2025
-42.4%
Q3 2025
-17.9%
Q4 2025
+16.6%
Q1 2026
+6.9%

Sector allocation

Industrials
94%
Technology
6%

Long book by quarter

$1.03B
Q4 2024
$649.9M
Q1 2025
$1.76B
Q2 2025
$1.99B
Q3 2025
$1.61B
Q4 2025
$1.63B
Q1 2026

What does AE INDUSTRIAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FLY FIREFLY AEROSPACE INCIndustrials35.2M$1.00B61.6%Held
RDW REDWIRE CORPIndustrials33.6M$285.7M17.5%-63.3%
YSS YORK SPACE SYSTEMS INCIndustrials11.3M$250.5M15.4%New
CTSH COGNIZANT TECH SOLUTIONS-ATechnology1.5M$90.2M5.5%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20264$1.63B canonicalSEC ↗
Q4 202513F-HRFeb 11, 20263$1.61B canonicalSEC ↗
Q3 202513F-HRNov 7, 20253$1.99B canonicalSEC ↗
Q2 202513F-HRAug 22, 20253$1.75B canonicalSEC ↗
Q1 202513F-HRAug 22, 20254$649.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20255$1.03B canonicalSEC ↗