Broad Bay Capital Management, LP
Long book
$972.5M
Q1 2026
Positions
24
Top-10 weight
66%
concentration
Last quarter
+19.1%
SPY +14.8%
Turnover
63%
of book per quarter
Strategy in plain words
auto-generated from filingsBroad Bay Capital Management, LP is a concentrated fundamental stock-picker, running a $972.5M US long book across 24 positions.
The portfolio is concentrated: the top 10 names carry 66% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ATLANTA BRAVES HOLDINGS IN-C, AAR CORP, CLOUDFLARE INC - CLASS A, ROCKET COS INC-CLASS A, HUB GROUP INC-CL A.
Over the last 9 quarters its long book ran on average 2.2pp per quarter ahead of the S&P 500, beating the index in 6 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
+13.3%
Q3 2024
+10.9%
Q4 2024
-13.2%
Q1 2025
+11.1%
Q2 2025
+18.0%
Q3 2025
+1.5%
Q4 2025
-5.3%
Q1 2026
+19.1%
Sector allocation
Industrials 25%
Services media 22%
Other 14%
Financials 12%
Technology 11%
Consumer discretionary 7%
Communications 5%
Healthcare 3%
Long book by quarter
What does Broad Bay own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 2.7M | $116.7M | 12.0% | +24.1% |
| AIR AAR CORP | Industrials | 818.3K | $89.6M | 9.2% | +23.2% |
| NET CLOUDFLARE INC - CLASS A | Technology | 304.4K | $62.8M | 6.5% | New |
| RKT ROCKET COS INC-CLASS A | Financials | 4.3M | $61.5M | 6.3% | +4.1% |
| HUBG HUB GROUP INC-CL A | Industrials | 1.6M | $56.8M | 5.8% | +120.6% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 390.5K | $55.9M | 5.8% | New |
| ALHC ALIGNMENT HEALTHCARE INC | Financials | 2.9M | $51.4M | 5.3% | +16.3% |
| LION LIONSGATE STUDIOS CORP | Services media | 5.2M | $49.4M | 5.1% | -0.3% |
| CVCO CAVCO INDUSTRIES INC | Other | 100.3K | $48.6M | 5.0% | -11.5% |
| GSAT GLOBALSTAR INC | Communications | 701.5K | $46.6M | 4.8% | +26.0% |
| ROST ROSS STORES INC | Consumer discretionary | 211.9K | $45.9M | 4.7% | +61.7% |
| GBX GREENBRIER COMPANIES INC | Industrials | 801.8K | $42.2M | 4.3% | New |
| VFC VF CORP | Other | 1.9M | $33.0M | 3.4% | New |
| MDLN MEDLINE INC-CL A | Healthcare | 675.0K | $30.0M | 3.1% | New |
| CARG CARGURUS INC | Technology | 722.2K | $24.6M | 2.5% | New |
| SMTC SEMTECH CORP | Technology | 316.0K | $24.3M | 2.5% | New |
| PVH PVH CORP | Other | 340.0K | $23.7M | 2.4% | New |
| WSC WILLSCOT HOLDINGS CORP | Services media | 1.3M | $23.3M | 2.4% | +2.8% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 188.0K | $21.6M | 2.2% | New |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 288.9K | $21.4M | 2.2% | -25.0% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 32.1K | $16.8M | 1.7% | New |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 353.0K | $12.5M | 1.3% | Held |
| GPRE GREEN PLAINS INC | Other | 677.6K | $11.1M | 1.1% | -57.3% |
| CTRN CITI TRENDS INC | Consumer discretionary | 60.0K | $2.6M | 0.3% | -62.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 26 | $1.18B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 29 | $956.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 25 | $808.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 22 | $849.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 22 | $682.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 23 | $814.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $728.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 21 | $763.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 18 | $783.4M | canonical | SEC ↗ |
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