Bond Capital Management, LP

Fundamental diversified ★Signal technology specialist (61%) CIK 1923934
Long book
$109.8M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Bond Capital Management, LP is a diversified fundamental manager, specialised in technology (61% of the long book), running a $109.8M US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: COREWEAVE INC-CL A, HIPPO HOLDINGS INC, DLOCAL LTD, NEXTDOOR HOLDINGS INC.

Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of 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
-3.9%
Q2 2024
+30.7%
Q3 2024
+12.3%
Q4 2024
-16.7%
Q1 2025
+16.6%
Q2 2025
-4.3%
Q3 2025
+2.8%
Q4 2025
-6.5%
Q1 2026
+14.5%

Sector allocation

Technology
61%
Financials
28%
Services media
11%

Long book by quarter

$187.3M
Q1 2024
$179.9M
Q2 2024
$207.3M
Q3 2024
$232.7M
Q4 2024
$185.7M
Q1 2025
$216.0M
Q2 2025
$206.6M
Q3 2025
$117.4M
Q4 2025
$109.8M
Q1 2026

What does Bond Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CRWV COREWEAVE INC-CL ATechnology706.7K$54.8M49.9%Held
HIPO HIPPO HOLDINGS INCFinancials1.2M$31.3M28.5%Held
DLO DLOCAL LTDServices media927.5K$12.0M11.0%Held
NXDR NEXTDOOR HOLDINGS INCTechnology8.4M$11.7M10.7%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 20264$109.8M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTMay 11, 20264$117.4M canonicalSEC ↗
Q4 202513F-HRFeb 12, 20264$102.8M SEC ↗
Q3 202513F-HRNov 14, 20255$206.6M canonicalSEC ↗
Q2 202513F-HRAug 13, 20255$216.0M canonicalSEC ↗
Q1 202513F-HRMay 14, 20255$185.7M canonicalSEC ↗
Q4 202413F-HRFeb 13, 20255$232.7M canonicalSEC ↗
Q3 202413F-HRNov 13, 20245$207.3M canonicalSEC ↗
Q2 202413F-HRAug 8, 20245$179.9M canonicalSEC ↗
Q1 202413F-HRApr 26, 20245$187.3M canonicalSEC ↗