Ardmore Road Asset Management LP
Long book
$1.52B
Q1 2026
Positions
64
Top-10 weight
35%
concentration
Last quarter
+20.6%
SPY +14.8%
Turnover
59%
of book per quarter
Strategy in plain words
auto-generated from filingsArdmore Road Asset Management LP is a diversified fundamental manager, running a $1.52B US long book across 64 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CORNING INC, T-MOBILE US INC, EQUINIX INC, META PLATFORMS INC-CLASS A, TAIWAN SEMICONDUCTOR-SP ADR.
Over the last 9 quarters its long book ran on average 3.1pp per quarter ahead of the S&P 500, beating the index in 6 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
+9.5%
Q2 2024
+9.8%
Q3 2024
+9.6%
Q4 2024
-6.5%
Q1 2025
+23.9%
Q2 2025
+11.3%
Q3 2025
-2.8%
Q4 2025
-7.0%
Q1 2026
+20.6%
Sector allocation
Technology 48%
Services media 18%
Communications 15%
Industrials 12%
Consumer discretionary 2%
Financials 2%
Other 2%
Long book by quarter
What does Ardmore Road own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GLW CORNING INC | Industrials | 600.0K | $81.6M | 5.4% | +137.8% |
| TMUS T-MOBILE US INC | Communications | 300.0K | $63.0M | 4.1% | +35.7% |
| META META PLATFORMS INC-CLASS A | Technology | 101.0K | $57.8M | 3.8% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 71.0K | $49.9M | 3.3% | -24.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 600.0K | $43.2M | 2.8% | -4.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 811.0K | $40.7M | 2.7% | +48.1% |
| SNDK SANDISK CORP | Technology | 61.0K | $38.8M | 2.6% | New |
| LRCX LAM RESEARCH CORP | Industrials | 175.0K | $37.4M | 2.5% | New |
| CIEN CIENA CORP | Technology | 91.0K | $35.3M | 2.3% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 70.0K | $33.9M | 2.2% | +34.3% |
| AMAT APPLIED MATERIALS INC | Technology | 95.0K | $32.5M | 2.1% | New |
| INTU INTUIT INC | Technology | 74.1K | $32.0M | 2.1% | +235.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 150.0K | $31.2M | 2.1% | +43.9% |
| HUBS HUBSPOT INC | Technology | 125.8K | $30.7M | 2.0% | +108.3% |
| NTNX NUTANIX INC - A | Technology | 790.4K | $30.0M | 2.0% | +16.7% |
| WBD WARNER BROS DISCOVERY INC | Communications | 1.1M | $29.8M | 2.0% | +194.6% |
| MSFT MICROSOFT CORP | Technology | 80.0K | $29.6M | 1.9% | -13.8% |
| AFRM AFFIRM HOLDINGS INC | Financials | 600.0K | $27.5M | 1.8% | +849.6% |
| DASH DOORDASH INC - A | Services media | 183.0K | $27.5M | 1.8% | New |
| SNPS SYNOPSYS INC | Technology | 68.8K | $27.3M | 1.8% | -12.0% |
| CRWV COREWEAVE INC-CL A | Technology | 351.0K | $27.2M | 1.8% | +3410.0% |
| CSGP COSTAR GROUP INC | Services media | 666.9K | $26.9M | 1.8% | New |
| OMC OMNICOM GROUP | Services media | 353.4K | $26.6M | 1.8% | +49.1% |
| FTNT FORTINET INC | Technology | 321.2K | $26.2M | 1.7% | +18.2% |
| NFLX NETFLIX INC | Services media | 265.0K | $25.5M | 1.7% | +27.1% |
| BKNG BOOKING HOLDINGS INC | Industrials | 6.0K | $25.3M | 1.7% | +44.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 110.0K | $22.4M | 1.5% | -29.6% |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 381.6K | $21.8M | 1.4% | +75.6% |
| CART MAPLEBEAR INC | Services media | 578.0K | $21.7M | 1.4% | -30.9% |
| WMG WARNER MUSIC GROUP CORP-CL A | Services media | 843.8K | $21.6M | 1.4% | +61.9% |
| COHR COHERENT CORP | Other | 81.0K | $19.3M | 1.3% | -42.5% |
| EXPE EXPEDIA GROUP INC | Industrials | 75.0K | $17.3M | 1.1% | New |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 4.6M | $16.7M | 1.1% | +119.6% |
| ADI ANALOG DEVICES INC | Technology | 52.0K | $16.5M | 1.1% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 164.2K | $16.3M | 1.1% | -37.0% |
| AVGO BROADCOM INC | Technology | 51.0K | $15.8M | 1.0% | -24.7% |
| WDAY WORKDAY INC-CLASS A | Technology | 118.3K | $15.4M | 1.0% | New |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 100.0K | $15.3M | 1.0% | New |
| XYZ BLOCK INC | Technology | 246.0K | $14.8M | 1.0% | +57.1% |
| AEIS ADVANCED ENERGY INDUSTRIES | Technology | 44.0K | $14.2M | 0.9% | New |
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 150.0K | $14.1M | 0.9% | New |
| TEAM ATLASSIAN CORP-CL A | Technology | 183.9K | $12.6M | 0.8% | -30.9% |
| RDDT REDDIT INC-CL A | Technology | 90.0K | $12.1M | 0.8% | New |
| SMCI SUPER MICRO COMPUTER INC | Technology | 525.0K | $12.0M | 0.8% | New |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 140.0K | $11.9M | 0.8% | New |
| ROKU ROKU INC | Communications | 120.0K | $11.4M | 0.7% | +130.2% |
| TER TERADYNE INC | Technology | 30.0K | $8.9M | 0.6% | New |
| FIG FIGMA INC-CL A | Technology | 400.0K | $8.5M | 0.6% | New |
| MNDY MONDAY.COM LTD | Technology | 118.7K | $8.2M | 0.5% | +18.1% |
| FOX FOX CORP - CLASS B | Communications | 148.2K | $7.9M | 0.5% | -79.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 64 | $1.52B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 74 | $1.32B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 71 | $1.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 39 | $1.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 38 | $975.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 36 | $685.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 41 | $775.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 43 | $658.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 36 | $567.7M | canonical | SEC ↗ |
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