BlackBarn Capital Partners LP

Fundamental concentrated ★Highest signal CIK 2010204
League rank
#243
in Fundamental concentrated · #430 overall
Long book
$332.4M
Q1 2026
Positions
14
Top-10 weight
90%
concentration
Last quarter
+22.4%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

BlackBarn Capital Partners LP is a concentrated fundamental stock-picker, running a $332.4M US long book across 14 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: ROIVANT SCIENCES LTD, VEECO INSTRUMENTS INC, PRIVIA HEALTH GROUP INC, DIVERSIFIED HEALTHCARE TRUST, NEXTERA ENERGY INC.

Over the last 9 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 6 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
-3.4%
Q2 2024
+15.5%
Q3 2024
-5.1%
Q4 2024
-3.1%
Q1 2025
+2.6%
Q2 2025
+18.6%
Q3 2025
+16.7%
Q4 2025
+5.3%
Q1 2026
+22.4%

Sector allocation

Healthcare
49%
Industrials
15%
Technology
12%
Utilities
10%
Other
10%
Communications
3%
Services media
1%

Long book by quarter

$173.0M
Q1 2024
$194.0M
Q2 2024
$230.1M
Q3 2024
$254.1M
Q4 2024
$292.8M
Q1 2025
$301.8M
Q2 2025
$306.4M
Q3 2025
$278.9M
Q4 2025
$332.4M
Q1 2026

What does BlackBarn Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ROIV ROIVANT SCIENCES LTDHealthcare2.3M$63.3M19.0%-25.9%
VECO VEECO INSTRUMENTS INCIndustrials1.0M$33.9M10.2%New
PRVA PRIVIA HEALTH GROUP INCHealthcare1.6M$32.6M9.8%+21.9%
NEE NEXTERA ENERGY INCUtilities335.0K$31.1M9.4%Held
MH MCGRAW HILL INCOther2.1M$28.6M8.6%+49.2%
NIQ NIQ GLOBAL INTELLIGENCE PLCTechnology2.1M$23.6M7.1%+15.3%
AMRX AMNEAL PHARMACEUTICALS INCHealthcare1.6M$20.5M6.2%+5.1%
VKTX VIKING THERAPEUTICS INCHealthcare621.5K$20.2M6.1%+13.0%
NXPI NXP SEMICONDUCTORS NVTechnology60.0K$11.8M3.6%New
ABUS ARBUTUS BIOPHARMA CORPHealthcare2.5M$11.3M3.4%+35.1%
GBTG GLOBAL BUSINESS TRAVEL GROUPIndustrials2.0M$11.2M3.4%New
CCOI COGENT COMMUNICATIONS HOLDINCommunications500.0K$9.4M2.8%-23.1%
SEAT VIVID SEATS INC - CLASS AServices media500.0K$3.0M0.9%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202621$1.24B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202616$1.52B canonicalSEC ↗
Q3 202513F-HRNov 14, 202520$1.40B canonicalSEC ↗
Q2 202513F-HRAug 14, 202523$1.75B canonicalSEC ↗
Q1 202513F-HRMay 14, 202522$1.57B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202517$1.82B canonicalSEC ↗
Q3 202413F-HRNov 14, 202420$761.0M canonicalSEC ↗
Q2 202413F-HRAug 14, 202421$1.13B canonicalSEC ↗
Q1 202413F-HRMay 15, 202423$176.9M canonicalSEC ↗