Bristol Gate Capital Partners Inc.
Long book
$1.55B
Q1 2026
Positions
31
Top-10 weight
51%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsBristol Gate Capital Partners Inc. is a diversified fundamental manager, running a $1.55B US long book across 31 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TARGA RESOURCES CORP, WABTEC CORP, MCKESSON CORP, WALMART INC, TRANE TECHNOLOGIES PLC.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 3 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
-0.1%
Q2 2024
+8.8%
Q3 2024
-4.8%
Q4 2024
+0.0%
Q1 2025
+8.2%
Q2 2025
-0.2%
Q3 2025
+3.6%
Q4 2025
-5.7%
Q1 2026
+11.7%
Sector allocation
Technology 30%
Services media 21%
Consumer discretionary 15%
Industrials 10%
Other 8%
Utilities 6%
Financials 5%
Healthcare 4%
Long book by quarter
What does Bristol Gate own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TRGP TARGA RESOURCES CORP | Utilities | 389.7K | $97.7M | 6.3% | New |
| WAB WABTEC CORP | Industrials | 356.7K | $89.1M | 5.7% | -6.4% |
| MCK MCKESSON CORP | Consumer discretionary | 94.1K | $81.4M | 5.2% | -6.1% |
| WMT WALMART INC | Consumer discretionary | 652.0K | $81.0M | 5.2% | New |
| TT TRANE TECHNOLOGIES PLC | Technology | 191.0K | $79.6M | 5.1% | New |
| AMAT APPLIED MATERIALS INC | Technology | 225.8K | $77.2M | 5.0% | -30.3% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 1.1M | $76.1M | 4.9% | -6.3% |
| MA MASTERCARD INC - A | Services media | 141.6K | $70.8M | 4.6% | -6.9% |
| AVGO BROADCOM INC | Technology | 227.1K | $70.3M | 4.5% | +7.8% |
| LLY ELI LILLY & CO | Healthcare | 75.6K | $69.5M | 4.5% | -6.2% |
| V VISA INC-CLASS A SHARES | Services media | 226.1K | $68.3M | 4.4% | -6.1% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 210.1K | $67.3M | 4.3% | -6.0% |
| GE GENERAL ELECTRIC | Industrials | 235.5K | $66.8M | 4.3% | -6.2% |
| VRSK VERISK ANALYTICS INC | Technology | 348.6K | $66.2M | 4.3% | New |
| MSCI MSCI INC | Services media | 120.2K | $64.8M | 4.2% | -0.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 129.1K | $63.4M | 4.1% | -6.5% |
| MCO MOODY'S CORP | Services media | 144.3K | $62.9M | 4.1% | -6.9% |
| INTU INTUIT INC | Technology | 138.9K | $60.1M | 3.9% | +25.6% |
| CTAS CINTAS CORP | Other | 352.1K | $59.5M | 3.8% | -6.0% |
| APH AMPHENOL CORP-CL A | Technology | 463.3K | $58.5M | 3.8% | -24.2% |
| ACN ACCENTURE PLC-CL A | Services media | 292.2K | $57.9M | 3.7% | -3.3% |
| MSFT MICROSOFT CORP | Technology | 145.5K | $53.9M | 3.5% | -6.1% |
| TRI4EUR THOMSON REUTERS CORP | — | 7.5K | $674K | 0.0% | +87.6% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 6.9K | $655K | 0.0% | 0.0% |
| WCN WASTE CONNECTIONS INC | Utilities | 4.0K | $644K | 0.0% | +30.0% |
| RY ROYAL BANK OF CANADA | Financials | 3.8K | $613K | 0.0% | -6.1% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 7.7K | $603K | 0.0% | New |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 5.7K | $585K | 0.0% | 0.0% |
| BN BROOKFIELD CORP | Real estate | 14.3K | $577K | 0.0% | +0.3% |
| FSV FIRSTSERVICE CORP | Real estate | 4.1K | $573K | 0.0% | +24.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 31 | $1.55B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 33 | $1.73B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 31 | $1.69B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 31 | $1.76B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 32 | $2.05B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 33 | $2.05B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 31 | $2.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 31 | $2.02B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 30 | $2.13B | canonical | SEC ↗ |
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