Atalan Capital Partners, LP

Fundamental concentrated ★Highest signal CIK 1662906
League rank
#449
in Fundamental concentrated · #5033 overall
Long book
$1.08B
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+22.1%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

Atalan Capital Partners, LP is a concentrated fundamental stock-picker, running a $1.08B US long book across 10 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: SEAGATE TECHNOLOGY HOLDINGS, AMPHENOL CORP-CL A, MASTERCARD INC - A, SPOTIFY TECHNOLOGY SA, TRANSDIGM GROUP INC.

Over the last 9 quarters its long book ran on average 2.3pp per quarter ahead of the S&P 500, beating the index in 8 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-2.2%
Q2 2024
+6.6%
Q3 2024
+5.1%
Q4 2024
-1.8%
Q1 2025
+15.1%
Q2 2025
+13.9%
Q3 2025
+4.7%
Q4 2025
-2.8%
Q1 2026
+22.1%

Sector allocation

Other
26%
Technology
21%
Services media
18%
Communications
10%
Industrials
9%
Consumer discretionary
9%
Utilities
7%

Long book by quarter

$1.21B
Q1 2024
$1.07B
Q2 2024
$1.16B
Q3 2024
$1.01B
Q4 2024
$1.05B
Q1 2025
$1.30B
Q2 2025
$1.43B
Q3 2025
$1.41B
Q4 2025
$1.08B
Q1 2026

What does Atalan Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
STXN SEAGATE TECHNOLOGY HOLDINGS718.8K$281.6M26.0%-3.7%
APH AMPHENOL CORP-CL ATechnology962.5K$121.6M11.2%-30.2%
MA MASTERCARD INC - AServices media234.7K$117.2M10.8%+1.5%
SPOT SPOTIFY TECHNOLOGY SACommunications229.6K$111.3M10.3%+44.0%
TDG TRANSDIGM GROUP INCIndustrials84.5K$97.9M9.0%-3.6%
USFD US FOODS HOLDING CORPConsumer discretionary1.1M$96.9M8.9%-11.7%
TTMI TTM TECHNOLOGIESTechnology768.3K$74.8M6.9%New
HQY HEALTHEQUITY INCServices media883.7K$73.8M6.8%-3.4%
TLN TALEN ENERGY CORPUtilities229.6K$73.3M6.8%-17.8%
WDC WESTERN DIGITAL CORPTechnology134.6K$36.4M3.4%-80.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202610$1.08B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202611$1.41B canonicalSEC ↗
Q3 202513F-HRNov 14, 202510$1.43B canonicalSEC ↗
Q2 202513F-HRAug 14, 202511$1.30B canonicalSEC ↗
Q1 202513F-HRMay 15, 202510$1.05B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20259$1.01B canonicalSEC ↗
Q3 202413F-HRNov 14, 20249$1.16B canonicalSEC ↗
Q2 202413F-HRAug 14, 20249$1.07B canonicalSEC ↗
Q1 202413F-HRMay 15, 202410$1.21B canonicalSEC ↗