Catawba River Capital
Long book
$208.0M
Q1 2026
Positions
24
Top-10 weight
70%
concentration
Last quarter
+4.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsCatawba River Capital is a concentrated fundamental stock-picker, running a $208.0M US long book across 24 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FIDELITY TOTAL BOND ETF, QXO INC, SPDR GOLD SHARES, CONSTRUCTION PARTNERS INC-A, PERIMETER SOLUTIONS INC.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 4 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
-1.0%
Q2 2024
+5.8%
Q3 2024
-1.4%
Q4 2024
-3.8%
Q1 2025
+12.8%
Q2 2025
+6.6%
Q3 2025
+2.8%
Q4 2025
-4.9%
Q1 2026
+4.4%
Sector allocation
Industrials 28%
Consumer discretionary 18%
Healthcare 14%
Materials 10%
Services media 8%
Technology 8%
Utilities 5%
Real estate 4%
Long book by quarter
What does Catawba River own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| QXO QXO INC | Consumer discretionary | 1.1M | $22.0M | 10.6% | +1.2% |
| ROAD CONSTRUCTION PARTNERS INC-A | Industrials | 138.3K | $15.6M | 7.5% | -38.1% |
| PRM PERIMETER SOLUTIONS INC | Materials | 599.4K | $15.5M | 7.5% | -0.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 16.8K | $13.0M | 6.3% | -42.8% |
| HEI/A HEICO CORP-CLASS A | Industrials | 53.2K | $11.3M | 5.4% | -0.1% |
| GHM GRAHAM CORP | Industrials | 117.7K | $9.6M | 4.6% | New |
| SCI SERVICE CORP INTERNATIONAL | Services media | 112.4K | $9.3M | 4.5% | -0.2% |
| CDRE CADRE HOLDINGS INC | Healthcare | 260.3K | $8.4M | 4.0% | -43.3% |
| SPXC SPX TECHNOLOGIES INC | Industrials | 39.1K | $7.9M | 3.8% | +2.4% |
| DHR DANAHER CORP | Technology | 40.3K | $7.7M | 3.7% | +0.3% |
| CWST CASELLA WASTE SYSTEMS INC-A | Utilities | 87.1K | $7.1M | 3.4% | +1.4% |
| FSV FIRSTSERVICE CORP | Real estate | 49.5K | $6.8M | 3.3% | +1.2% |
| DSGR DISTRIBUTION SOLUTIONS GROUP | Consumer discretionary | 247.5K | $6.6M | 3.2% | +11.3% |
| GPGI GPGI INC | Financials | 386.7K | $6.6M | 3.2% | +1179.5% |
| ROP ROPER TECHNOLOGIES INC | Technology | 15.7K | $5.6M | 2.7% | +6.8% |
| FLL FULL HOUSE RESORTS INC | Services media | 1.7M | $4.0M | 1.9% | +0.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 24 | $208.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 22 | $224.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 20 | $220.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 18 | $196.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 29 | $177.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 18 | $167.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 18 | $158.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 20 | $165.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 19 | $171.7M | canonical | SEC ↗ |
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