Ampersand Capital Group, L.P.

Fundamental diversified ★Signal CIK 2059671
Long book
$182.8M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Ampersand 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.

Over the last 6 quarters its long book ran on average 4pp per quarter behind the S&P 500, beating the index in 1 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
-8.2%
Q1 2025
+24.2%
Q2 2025
+4.7%
Q3 2025
-6.2%
Q4 2025
-22.1%
Q1 2026
+11.2%

Sector allocation

No sector data

Long book by quarter

$149.3M
Q4 2024
$144.9M
Q1 2025
$201.0M
Q2 2025
$222.0M
Q3 2025
$224.3M
Q4 2025
$182.8M
Q1 2026

What does Ampersand Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20267$182.8M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20267$224.3M canonicalSEC ↗
Q3 202513F-HRNov 14, 20257$222.0M canonicalSEC ↗
Q2 202513F-HRAug 14, 20257$201.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 20257$144.9M canonicalSEC ↗
Q4 202413F-HRApr 9, 20257$149.3M canonicalSEC ↗