Ampersand Capital Group, L.P.
Long book
$182.8M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
-22.1%
SPY -4.4%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsAmpersand Capital Group, L.P. is a diversified fundamental manager, running a $182.8M US long book across 7 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: GLOBAL-E ONLINE LTD, MERCADOLIBRE INC, PTC INC, SHOPIFY INC - CLASS A, DOORDASH INC - A.
Over the last 5 quarters its long book ran on average 4.1pp per quarter behind the S&P 500, beating the index in 1 of 5 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
-8.2%
Q1 2025
+24.2%
Q2 2025
+4.7%
Q3 2025
-6.2%
Q4 2025
-22.1%
Sector allocation
Technology 50%
Services media 31%
Industrials 19%
Long book by quarter
What does Ampersand Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GLBE GLOBAL-E ONLINE LTD | Technology | 1.3M | $39.0M | 21.4% | Held |
| MELI MERCADOLIBRE INC | Services media | 20.5K | $35.5M | 19.4% | -0.9% |
| PTC PTC INC | Technology | 200.5K | $28.6M | 15.6% | +3.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 199.8K | $23.7M | 13.0% | +8.1% |
| DASH DOORDASH INC - A | Services media | 138.4K | $20.8M | 11.4% | +8.6% |
| AXON AXON ENTERPRISE INC | Industrials | 48.2K | $20.5M | 11.2% | +47.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 3.5K | $14.8M | 8.1% | -14.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 7 | $182.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 7 | $224.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 7 | $222.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 7 | $201.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 7 | $144.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Apr 9, 2025 | 7 | $149.3M | canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC