BDT CAPITAL PARTNERS, LLC

Fundamental diversified ★Signal industrials specialist (83%) CIK 1510974
Long book
$3.51B
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+21.5%
SPY +14.8%
Turnover
50%
of book per quarter

Strategy in plain words

auto-generated from filings

BDT CAPITAL PARTNERS, LLC is a diversified fundamental manager, specialised in industrials (83% of the long book), running a $3.51B US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALLIANCE LAUNDRY HOLDINGS IN, UNDER ARMOUR INC-CLASS C, EQUIPMENTSHARE.COM INC-A.

Over the last 9 quarters its long book ran on average 4.9pp per quarter behind the S&P 500, beating the index in 3 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
-8.6%
Q2 2024
+28.0%
Q3 2024
-10.8%
Q4 2024
-20.2%
Q1 2025
+9.1%
Q2 2025
-25.6%
Q3 2025
-0.6%
Q4 2025
+3.8%
Q1 2026
+21.5%

Sector allocation

Industrials
83%
Other
11%
Services media
6%

Long book by quarter

$378.2M
Q1 2024
$390.8M
Q2 2024
$501.6M
Q3 2024
$391.0M
Q4 2024
$354.4M
Q1 2025
$405.4M
Q2 2025
$314.2M
Q3 2025
$3.18B
Q4 2025
$3.51B
Q1 2026

What does BDT CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ALH ALLIANCE LAUNDRY HOLDINGS INIndustrials140.8M$2.92B83.2%Held
UA UNDER ARMOUR INC-CLASS COther65.1M$376.6M10.7%Held
EQPT EQUIPMENTSHARE.COM INC-AServices media10.5M$214.9M6.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263$3.51B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20263$3.18B canonicalSEC ↗
Q3 202513F-HRNov 14, 20252$314.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 20252$405.4M canonicalSEC ↗
Q1 202513F-HRMay 15, 20252$354.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20252$391.0M canonicalSEC ↗
Q3 202413F-HRNov 14, 20242$501.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 20242$390.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 20242$378.2M canonicalSEC ↗