CAT ROCK CAPITAL MANAGEMENT LP

Fundamental concentrated ★Highest signal CIK 1654648
League rank
#630
in Fundamental concentrated · #3798 overall
Long book
$643.6M
Q1 2026
Positions
14
Top-10 weight
89%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

CAT ROCK CAPITAL MANAGEMENT LP is a concentrated fundamental stock-picker, running a $643.6M US long book across 14 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: META PLATFORMS INC-CLASS A, MICROSOFT CORP, ARES MANAGEMENT CORP - A, TKO GROUP HOLDINGS INC, TRANSDIGM GROUP INC.

Over the last 9 quarters its long book ran on average 3.6pp per quarter behind the S&P 500, beating the index in 1 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
+2.3%
Q3 2024
-0.8%
Q4 2024
-5.4%
Q1 2025
+15.0%
Q2 2025
+3.0%
Q3 2025
-7.2%
Q4 2025
-13.3%
Q1 2026
+11.5%

Sector allocation

Technology
58%
Services media
20%
Financials
12%
Industrials
10%

Long book by quarter

$873.2M
Q1 2024
$892.6M
Q2 2024
$882.6M
Q3 2024
$765.0M
Q4 2024
$753.5M
Q1 2025
$793.8M
Q2 2025
$810.4M
Q3 2025
$697.4M
Q4 2025
$643.6M
Q1 2026

What does CAT ROCK own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
META META PLATFORMS INC-CLASS ATechnology198.5K$113.6M17.6%-7.9%
MSFT MICROSOFT CORPTechnology248.9K$92.1M14.3%+19.7%
ARES ARES MANAGEMENT CORP - AFinancials588.1K$64.2M10.0%+377.7%
TKO TKO GROUP HOLDINGS INCServices media306.5K$61.8M9.6%+2.9%
TDG TRANSDIGM GROUP INCIndustrials46.1K$53.4M8.3%+57.4%
FA FIRST ADVANTAGE CORPTechnology4.2M$49.7M7.7%+26.5%
LRN STRIDE INCServices media261.6K$23.1M3.6%+33.7%
MSCI MSCI INCServices media42.0K$22.6M3.5%+2.6%
GOOG ALPHABET INC-CL CTechnology71.7K$20.6M3.2%-4.9%
DCBO DOCEBO INCTechnology1.1M$19.2M3.0%Held
DOCU DOCUSIGN INCTechnology224.6K$10.6M1.7%-2.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202614$643.6M canonicalSEC ↗
Q4 202513F-HRFeb 18, 202616$697.4M canonicalSEC ↗
Q3 202513F-HRNov 14, 202516$810.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 202515$793.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 202515$753.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202514$765.0M canonicalSEC ↗
Q3 202413F-HRNov 14, 202412$882.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 202411$892.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 202412$873.2M canonicalSEC ↗