Black Diamond Capital Management I, LLLP
Long book
$135.8M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+4.6%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsBlack Diamond Capital Management I, LLLP is a concentrated fundamental stock-picker, running a $135.8M US long book across 8 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: CONSUMER PORTFOLIO SERVICES, KVH INDUSTRIES INC, VERIZON COMMUNICATIONS INC, CANTERBURY PARK HOLDING CORP, WYNN RESORTS LTD.
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
Q3 2025
+7.5%
Q4 2025
+1.9%
Q1 2026
+4.6%
Sector allocation
Communications 46%
Financials 31%
Services media 23%
Healthcare 0%
Long book by quarter
What does Black Diamond own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CPSS CONSUMER PORTFOLIO SERVICES | Financials | 5.1M | $39.6M | 29.2% | Held |
| KVHI KVH INDUSTRIES INC | Communications | 3.5M | $31.4M | 23.1% | +0.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 623.2K | $31.3M | 23.0% | Held |
| CPHC CANTERBURY PARK HOLDING CORP | Services media | 859.2K | $13.4M | 9.9% | Held |
| WYNN WYNN RESORTS LTD | Services media | 103.2K | $10.5M | 7.7% | Held |
| BYD BOYD GAMING CORP | Services media | 82.0K | $6.7M | 5.0% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 4 | $2.9M | 2.1% | Held |
| NOTVQ INOTIV INC | Healthcare | 19.8K | $5K | 0.0% | Held |
13F filing history
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