BREACH INLET CAPITAL MANAGEMENT, LLC
Long book
$304.6M
Q1 2026
Positions
12
Top-10 weight
93%
concentration
Last quarter
+21.7%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsBREACH INLET CAPITAL MANAGEMENT, LLC is a concentrated fundamental stock-picker, specialised in services_media (64% of the long book), running a $304.6M US long book across 12 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: STRIDE INC, ATLANTA BRAVES HOLDINGS IN-C, HILTON GRAND VACATIONS INC, PROG HOLDINGS INC, DAKTRONICS INC.
Over the last 9 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 4 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
+2.7%
Q2 2024
+1.3%
Q3 2024
+8.8%
Q4 2024
-9.8%
Q1 2025
+11.1%
Q2 2025
-0.0%
Q3 2025
-15.2%
Q4 2025
-3.2%
Q1 2026
+21.7%
Sector allocation
Services media 64%
Technology 20%
Other 9%
Financials 7%
Long book by quarter
What does BREACH INLET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LRN STRIDE INC | Services media | 550.5K | $48.5M | 15.9% | +122.6% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 867.3K | $37.0M | 12.2% | +13.2% |
| HGV HILTON GRAND VACATIONS INC | Services media | 929.3K | $36.4M | 11.9% | +9.9% |
| PRG PROG HOLDINGS INC | Services media | 1.0M | $28.9M | 9.5% | +32.0% |
| DAKT DAKTRONICS INC | Other | 1.5M | $28.6M | 9.4% | +14.9% |
| NATL NCR ATLEOS CORP | Technology | 542.7K | $23.6M | 7.8% | +47.9% |
| FTDR FRONTDOOR INC | Services media | 416.8K | $22.0M | 7.2% | +145.2% |
| MANU MANCHESTER UNITED PLC-CL A | Services media | 1.2M | $20.6M | 6.8% | Held |
| BUR BURFORD CAPITAL LTD | Financials | 4.5M | $20.3M | 6.7% | +129.6% |
| CARS CARS.COM INC | Technology | 2.1M | $17.2M | 5.7% | +191.2% |
| BKTI BK TECHNOLOGIES CORP | Technology | 151.1K | $11.3M | 3.7% | +711.0% |
| CARG CARGURUS INC | Technology | 297.2K | $10.1M | 3.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 12 | $304.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 12 | $212.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $202.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 8 | $203.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 11 | $175.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 11 | $141.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $111.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 11 | $121.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $111.7M | canonical | SEC ↗ |
Similar funds
MASTERCARD FOUNDATION ASSET MANAGEMENT CORPSC US (TTGP), LTD.GTCR LLCCaledonia (Private) Investments Pty LtdValley Forge Capital Management, LPComprehensive Financial Management LLCFirst Beijing Investment LtdHSG Holding LtdHill Path Capital LPBaring Fintech Manager Holding LtdAtairos Group, Inc.Knighthead Capital Management, LLC