Boussard & Gavaudan Investment Management LLP
Long book
$1.04B
Q1 2026
Positions
84
Top-10 weight
59%
concentration
Last quarter
+29.5%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsBoussard & Gavaudan Investment Management LLP is a diversified fundamental manager, running a $1.04B US long book across 84 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: WESTERN DIGITAL CORP, WARNER BROS DISCOVERY INC, ADVANCED ENERGY IND, ELECTRONIC ARTS INC, EQUINOX GOLD CORP.
Over the last 9 quarters its long book ran on average 3.4pp per quarter ahead of the S&P 500, beating the index in 5 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
-4.5%
Q2 2024
+11.4%
Q3 2024
+9.3%
Q4 2024
-7.4%
Q1 2025
+25.8%
Q2 2025
+1.2%
Q3 2025
-0.7%
Q4 2025
+6.2%
Q1 2026
+29.5%
Sector allocation
Financials 24%
Communications 24%
Technology 23%
Industrials 14%
Healthcare 4%
Materials 3%
Services media 3%
Other 2%
Long book by quarter
What does Boussard & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WBD WARNER BROS DISCOVERY INC | Communications | 2.3M | $62.5M | 6.0% | +216.6% |
| EA ELECTRONIC ARTS INC | Technology | 258.8K | $52.5M | 5.0% | +113.0% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 135.9K | $38.5M | 3.7% | +31.5% |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 14.0K | $31.0M | 3.0% | New |
| Q QNITY ELECTRONICS INC | Technology | 81.7K | $9.0M | 0.9% | +47.7% |
| RAC RITHM ACQUISITION CORP-A | Financials | 768.0K | $8.0M | 0.8% | Held |
| OACC OAKTREE ACQUISITION CORP I-A | Financials | 720.0K | $7.6M | 0.7% | Held |
| ANSC AGRICULTURE & NATURAL SOLUTI | Financials | 672.0K | $7.6M | 0.7% | Held |
| ALUB ALUSSA ENERGY ACQUISIT II-A | Financials | 700.0K | $7.0M | 0.7% | New |
| WAT WATERS CORP | Healthcare | 20.8K | $6.2M | 0.6% | New |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 81.2K | $6.0M | 0.6% | -41.7% |
| PEN PENUMBRA INC | Healthcare | 18.1K | $5.9M | 0.6% | New |
| VSNT VERSANT MEDIA GROUP INC | Communications | 153.0K | $5.6M | 0.5% | New |
| BCSS BAIN CAPITAL GSS INV- A | Financials | 500.0K | $5.0M | 0.5% | Held |
| LBRDA LIBERTY BROADBAND-A | Communications | 101.0K | $5.0M | 0.5% | +9.7% |
| DD DUPONT DE NEMOURS INC | Materials | 104.8K | $4.7M | 0.5% | +29.9% |
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 48.4K | $4.4M | 0.4% | Held |
| CTRI CENTURI HOLDINGS INC | Utilities | 154.3K | $4.4M | 0.4% | -29.2% |
| COUR COURSERA INC | Technology | 731.8K | $4.3M | 0.4% | New |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 57.8K | $4.0M | 0.4% | New |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 41.9K | $3.7M | 0.4% | Held |
| MICC MAGNUM ICE CREAM CO NV/THE | Consumer staples | 226.5K | $3.3M | 0.3% | New |
| AEXA AMERICAN EXCEPTIONALISM-CL A | Financials | 275.0K | $3.0M | 0.3% | Held |
| PAII PYROPHYTE ACQUISITION CORP-A | Financials | 240.0K | $2.4M | 0.2% | Held |
| GBTG GLOBAL BUSINESS TRAVEL GROUP | Industrials | 430.2K | $2.4M | 0.2% | +198.3% |
| GDDY GODADDY INC - CLASS A | Technology | 27.8K | $2.3M | 0.2% | New |
| RAL RALLIANT CORP | Technology | 51.8K | $2.1M | 0.2% | -61.8% |
| AMRZ AMRIZE LTD | Industrials | 34.6K | $1.9M | 0.2% | -69.4% |
| SMTC SEMTECH CORP | Technology | 20.6K | $1.5M | 0.1% | New |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 19.4K | $1.2M | 0.1% | New |
| ATAI ATAIBECKLEY INC | Healthcare | 295.3K | $1.0M | 0.1% | New |
| CCXI CHURCHILL CAPITAL CORP-CL A | Financials | 100.0K | $1.0M | 0.1% | New |
| KBON KARBON CAPITAL PARTNERS-CL A | Financials | 100.0K | $1.0M | 0.1% | New |
| MBC MASTERBRAND INC | Other | 93.0K | $773K | 0.1% | +71.2% |
| LBRDK LIBERTY BROADBAND-C | Communications | 1.2K | $57K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 99 | $1.06B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 99 | $1.32B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 81 | $808.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 19, 2025 | 61 | $779.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 15, 2025 | 61 | $779.3M | SEC ↗ | |
| Q1 2025 | 13F-HR | May 15, 2025 | 58 | $637.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 92 | $1.20B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 79 | $1.10B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 81 | $628.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 95 | $694.9M | canonical | SEC ↗ |
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