Bernzott Capital Advisors

Fundamental diversified ★Signal CIK 1260468
League rank
#446
in Fundamental diversified · #2651 overall
Long book
$208.7M
Q1 2026
Positions
38
Top-10 weight
40%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

Bernzott Capital Advisors is a diversified fundamental manager, running a $208.7M US long book across 38 positions.

The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOT WORLD STK ETF, ARCHROCK INC, MP MATERIALS CORP, VISHAY INTERTECHNOLOGY INC, CVB FINANCIAL CORP.

Over the last 9 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 4 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
-5.1%
Q2 2024
+8.2%
Q3 2024
-3.7%
Q4 2024
+2.2%
Q1 2025
+0.2%
Q2 2025
+11.0%
Q3 2025
-6.0%
Q4 2025
-0.9%
Q1 2026
+13.0%

Sector allocation

Industrials
21%
Healthcare
20%
Consumer staples
12%
Utilities
10%
Financials
9%
Energy
8%
Technology
6%
Materials
6%

Long book by quarter

$252.6M
Q1 2024
$217.1M
Q2 2024
$232.4M
Q3 2024
$202.2M
Q4 2024
$203.1M
Q1 2025
$195.9M
Q2 2025
$211.9M
Q3 2025
$210.2M
Q4 2025
$208.7M
Q1 2026

What does Bernzott Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AROC ARCHROCK INCUtilities249.5K$8.7M4.2%-14.1%
MP MP MATERIALS CORPMaterials174.8K$8.4M4.0%+13.1%
VSH VISHAY INTERTECHNOLOGY INCTechnology468.2K$8.4M4.0%-14.8%
CVBF CVB FINANCIAL CORPFinancials415.4K$8.1M3.9%New
JNJ JOHNSON & JOHNSONHealthcare30.4K$7.4M3.6%-6.7%
BDX BECTON DICKINSON AND COHealthcare46.1K$7.3M3.5%+61.5%
SLGN SILGAN HOLDINGS INCIndustrials185.8K$7.2M3.5%-8.6%
JJSF J & J SNACK FOODS CORPConsumer staples88.2K$7.0M3.3%+15.6%
ENOV ENOVIS CORPHealthcare294.1K$6.7M3.2%+47.4%
CMCO COLUMBUS MCKINNON CORP/NYIndustrials453.9K$6.6M3.2%-16.1%
GVA GRANITE CONSTRUCTION INCIndustrials54.7K$6.6M3.1%-7.4%
VNOM VIPER ENERGY INC-CL AEnergy137.7K$6.5M3.1%+19.0%
HLMN HILLMAN SOLUTIONS CORPIndustrials753.9K$6.3M3.0%-12.2%
NFG NATIONAL FUEL GAS COUtilities66.6K$6.3M3.0%+31.4%
DVN DEVON ENERGY CORPEnergy122.2K$6.1M2.9%+18.6%
LW LAMB WESTON HOLDINGS INCConsumer staples144.3K$6.1M2.9%+22.2%
HHH HOWARD HUGHES HOLDINGS INCReal estate90.3K$5.7M2.7%-3.0%
JBI JANUS INTERNATIONAL GROUP INIndustrials1.1M$5.5M2.7%+26.2%
HCI HCI GROUP INCFinancials35.0K$5.4M2.6%-3.9%
TIC TIC SOLUTIONS INCServices media803.6K$5.3M2.5%+1.4%
EHC ENCOMPASS HEALTH CORPHealthcare46.7K$4.5M2.2%-0.2%
MZTI MARZETTI COMPANY/THEConsumer staples32.5K$4.5M2.2%-2.5%
HALO HALOZYME THERAPEUTICS INCHealthcare68.3K$4.4M2.1%+0.7%
WSC WILLSCOT HOLDINGS CORPServices media163.2K$2.8M1.4%+14.2%
POOL POOL CORPConsumer discretionary3.0K$607K0.3%New
CNQ CANADIAN NATURAL RESOURCESEnergy4.0K$195K0.1%Held
ORCL ORACLE CORPTechnology550$81K0.0%Held
MSFT MICROSOFT CORPTechnology30$11K0.0%-57.1%
TSLA TESLA INCIndustrials10$4K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 30, 202638$208.7M canonicalSEC ↗
Q4 202513F-HRFeb 3, 202639$210.2M canonicalSEC ↗
Q3 202513F-HROct 28, 202532$211.9M canonicalSEC ↗
Q2 202513F-HRJul 30, 202533$195.9M canonicalSEC ↗
Q1 202513F-HRMay 5, 202538$203.1M canonicalSEC ↗
Q4 202413F-HRJan 15, 202542$202.2M canonicalSEC ↗
Q3 202413F-HROct 25, 202435$232.4M canonicalSEC ↗
Q2 202413F-HRJul 26, 202437$217.1M canonicalSEC ↗
Q1 202413F-HRMay 1, 202437$252.6M canonicalSEC ↗