BROWNING WEST LP

Fundamental diversified ★Signal CIK 1825564
Long book
$1.62B
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+2.9%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

BROWNING WEST LP is a diversified fundamental manager, running a $1.62B US long book across 5 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: COOPER COS INC/THE, SOMNIGROUP INTERNATIONAL INC, CAE INC, GILDAN ACTIVEWEAR INC, DICK'S SPORTING GOODS INC.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind 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
-9.9%
Q2 2024
+19.5%
Q3 2024
+2.4%
Q4 2024
+1.5%
Q1 2025
+14.9%
Q2 2025
+15.9%
Q3 2025
+4.1%
Q4 2025
-13.2%
Q1 2026
+2.9%

Sector allocation

Other
41%
Healthcare
31%
Technology
20%
Consumer discretionary
7%

Long book by quarter

$935.6M
Q1 2024
$878.6M
Q2 2024
$1.05B
Q3 2024
$998.3M
Q4 2024
$1.19B
Q1 2025
$1.44B
Q2 2025
$1.55B
Q3 2025
$1.58B
Q4 2025
$1.62B
Q1 2026

What does BROWNING WEST own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
COO COOPER COS INC/THEHealthcare7.0M$499.0M30.9%+89.1%
SGI SOMNIGROUP INTERNATIONAL INCOther5.9M$435.9M27.0%+2.6%
CAE CAE INCTechnology12.6M$328.8M20.3%Held
GIL GILDAN ACTIVEWEAR INCOther4.2M$232.6M14.4%Held
DKS DICK'S SPORTING GOODS INCConsumer discretionary610.0K$121.0M7.5%+2.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20265$1.62B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20265$1.58B canonicalSEC ↗
Q3 202513F-HRNov 14, 20254$1.55B canonicalSEC ↗
Q2 202513F-HRAug 14, 20254$1.44B canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$1.19B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$998.3M canonicalSEC ↗
Q3 202413F-HRNov 14, 20242$1.05B canonicalSEC ↗
Q2 202413F-HRAug 14, 20242$878.6M canonicalSEC ↗
Q1 202413F-HRMay 14, 20242$935.6M canonicalSEC ↗