Alua Capital Management LP
Long book
$915.1M
Q1 2026
Positions
14
Top-10 weight
91%
concentration
Last quarter
+14.3%
SPY +14.8%
Turnover
59%
of book per quarter
Strategy in plain words
auto-generated from filingsAlua Capital Management LP is a concentrated fundamental stock-picker, running a $915.1M US long book across 14 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AMAZON.COM INC, VALVOLINE INC, AUTOZONE INC, ICICI BANK LTD-SPON ADR, CAPITAL ONE FINANCIAL CORP.
Over the last 9 quarters its long book ran on average 2.2pp per quarter behind the S&P 500, beating the index in 3 of 9 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
Q1 2024
-1.0%
Q2 2024
+6.7%
Q3 2024
+3.1%
Q4 2024
-4.7%
Q1 2025
+10.8%
Q2 2025
+1.1%
Q3 2025
+0.3%
Q4 2025
-9.7%
Q1 2026
+14.3%
Sector allocation
Consumer discretionary 42%
Financials 18%
Energy 15%
Industrials 11%
Services media 6%
Communications 6%
Other 3%
Long book by quarter
What does Alua Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 685.9K | $142.9M | 15.6% | +16.2% |
| VVV VALVOLINE INC | Energy | 3.5M | $116.7M | 12.8% | -15.6% |
| AZO AUTOZONE INC | Consumer discretionary | 32.1K | $108.3M | 11.8% | +18.5% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 537.7K | $98.1M | 10.7% | -20.6% |
| AYI ACUITY INC | Industrials | 226.2K | $63.4M | 6.9% | New |
| BURL BURLINGTON STORES INC | Consumer discretionary | 185.8K | $60.5M | 6.6% | -15.2% |
| CHDN CHURCHILL DOWNS INC | Services media | 539.9K | $48.5M | 5.3% | -24.6% |
| ROKU ROKU INC | Communications | 474.2K | $44.9M | 4.9% | New |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 23.2K | $43.6M | 4.8% | Held |
| NVT NVENT ELECTRIC PLC | Industrials | 231.6K | $27.4M | 3.0% | New |
| ONTO ONTO INNOVATION INC | Other | 131.7K | $27.0M | 3.0% | New |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 440.8K | $22.4M | 2.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 15 | $1.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 17 | $1.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 21 | $1.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $1.46B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 17 | $1.28B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 18 | $1.61B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 15 | $1.48B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 27 | $2.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 23 | $2.44B | canonical | SEC ↗ |
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