Brickwood Asset Management LLP

Fundamental diversified ★Signal CIK 2056939
League rank
#312
in Fundamental diversified · #1423 overall
Long book
$133.3M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Brickwood Asset Management LLP is a diversified fundamental manager, running a $133.3M US long book across 10 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: AVANTOR INC, DENTSPLY SIRONA INC, WESTERN UNION CO, ROBERT HALF INC, WILEY (JOHN) & SONS-CLASS A.

Over the last 6 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
-7.2%
Q1 2025
-10.2%
Q2 2025
+15.3%
Q3 2025
+9.5%
Q4 2025
-9.5%
Q1 2026
+15.4%

Sector allocation

Healthcare
51%
Services media
47%
Other
2%
Financials
1%

Long book by quarter

$126.2M
Q4 2024
$130.3M
Q1 2025
$136.1M
Q2 2025
$142.8M
Q3 2025
$143.7M
Q4 2025
$133.3M
Q1 2026

What does Brickwood Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AVTR AVANTOR INCHealthcare4.3M$34.0M25.5%+36.2%
XRAY DENTSPLY SIRONA INCHealthcare2.9M$33.3M25.0%-4.1%
WU WESTERN UNION COServices media3.5M$30.9M23.2%-6.6%
RHI ROBERT HALF INCServices media1.2M$30.3M22.7%-7.2%
WLY WILEY (JOHN) & SONS-CLASS AOther26.8K$1.0M0.8%+13.5%
PYPL PAYPAL HOLDINGS INCServices media18.8K$848K0.6%New
C CITIGROUP INCFinancials7.4K$834K0.6%+2.1%
PFE PFIZER INCHealthcare27.1K$760K0.6%+3.5%
PVH PVH CORPOther9.5K$663K0.5%New
MHK MOHAWK INDUSTRIES INCOther6.7K$660K0.5%+14.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 28, 202610$133.3M canonicalSEC ↗
Q4 202513F-HRFeb 10, 20268$143.7M canonicalSEC ↗
Q3 202513F-HRNov 10, 20259$142.8M canonicalSEC ↗
Q2 202513F-HRAug 1, 20258$136.1M canonicalSEC ↗
Q1 202513F-HRApr 22, 20255$130.3M canonicalSEC ↗
Q4 202413F-HRFeb 18, 20254$126.2M canonicalSEC ↗