BCK CAPITAL MANAGEMENT LP
Long book
$23.0M
Q1 2026
Positions
21
Top-10 weight
84%
concentration
Last quarter
-1.0%
SPY +14.8%
Turnover
83%
of book per quarter
Strategy in plain words
auto-generated from filingsBCK CAPITAL MANAGEMENT LP is a concentrated fundamental stock-picker, specialised in financials (65% of the long book), running a $23.0M US long book across 21 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: M3-BRIGADE ACQUISITION V-A, CANTOR EQUITY PARTNERS I-A, YORKVILLE ACQUISITION CORP-A, WARNER BROS DISCOVERY INC, ELECTRONIC ARTS INC.
Over the last 9 quarters its long book ran on average 5.2pp per quarter behind the S&P 500, beating the index in 2 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
-11.0%
Q2 2024
+4.1%
Q3 2024
+5.4%
Q4 2024
-8.1%
Q1 2025
+3.4%
Q2 2025
+3.3%
Q3 2025
-0.4%
Q4 2025
-2.2%
Q1 2026
-1.0%
Sector allocation
Financials 57%
Other 13%
Communications 9%
Technology 7%
Services media 5%
Industrials 5%
Consumer discretionary 3%
Utilities 2%
Long book by quarter
What does BCK CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MBAV M3-BRIGADE ACQUISITION V-A | Financials | 388.0K | $4.2M | 18.2% | Held |
| CEPO CANTOR EQUITY PARTNERS I-A | Financials | 388.0K | $4.1M | 17.7% | Held |
| MCGA YORKVILLE ACQUISITION CORP-A | Financials | 379.0K | $3.8M | 16.7% | Held |
| WBD WARNER BROS DISCOVERY INC | Communications | 68.0K | $1.9M | 8.1% | New |
| EA ELECTRONIC ARTS INC | Technology | 7.0K | $1.4M | 6.2% | New |
| GTLS CHART INDUSTRIES INC | Industrials | 5.5K | $1.1M | 5.0% | New |
| HO1 HOLOGIC INC | — | 14.0K | $1.1M | 4.6% | New |
| ACLXGBX ARCELLX INC | — | 4.0K | $459K | 2.0% | New |
| AES AES CORP | Utilities | 30.0K | $423K | 1.8% | New |
| SDA SEALED AIR CORP | Services media | 10.0K | $421K | 1.8% | New |
| UNF UNIFIRST CORP/MA | Services media | 1.6K | $403K | 1.8% | New |
| ACI ALBERTSONS COS INC - CLASS A | Consumer discretionary | 21.7K | $370K | 1.6% | Held |
| APLSUSD APELLIS PHARMACEUTICALS INC | — | 8.0K | $322K | 1.4% | New |
| IMXI INTERNATIONAL MONEY EXPRESS | Services media | 20.0K | $316K | 1.4% | New |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 20.0K | $308K | 1.3% | New |
| T86 TRI POINTE HOMES INC | — | 6.5K | $304K | 1.3% | New |
| NATH NATHAN'S FAMOUS INC | Consumer discretionary | 3.0K | $302K | 1.3% | New |
| ONTF ON24 INC | — | 37.0K | $300K | 1.3% | New |
| AM6 AMICUS THERAPEUTICS INC | — | 20.0K | $289K | 1.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 21 | $23.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 7 | $22.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 93 | $94.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 84 | $115.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 72 | $128.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 70 | $138.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 83 | $167.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 94 | $155.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 91 | $147.3M | canonical | SEC ↗ |