Centerbridge Partners, L.P.

Fundamental diversified ★Signal real_estate specialist (80%) CIK 1484836
Long book
$61.1M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+28.7%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

Centerbridge Partners, L.P. is a diversified fundamental manager, specialised in real_estate (80% of the long book), running a $61.1M US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE HOSPITALITY REIT INC, GOHEALTH INC-CLASS A, OPTIMUM COMMUNICATIONS INC-A.

Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 4 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
-13.2%
Q2 2024
-0.5%
Q3 2024
+12.3%
Q4 2024
-6.9%
Q1 2025
+11.8%
Q2 2025
+24.8%
Q3 2025
-2.0%
Q4 2025
-5.3%
Q1 2026
+28.7%

Sector allocation

Financials
51%
Communications
49%

Long book by quarter

$517.6M
Q1 2024
$447.5M
Q2 2024
$444.6M
Q3 2024
$441.4M
Q4 2024
$484.9M
Q1 2025
$431.6M
Q2 2025
$99.3M
Q3 2025
$59.1M
Q4 2025
$61.1M
Q1 2026

What does Centerbridge Partners, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOCOQ GOHEALTH INC-CLASS AFinancials4.2M$6.3M10.3%Held
OPTU OPTIMUM COMMUNICATIONS INC-ACommunications4.7M$6.1M10.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263$61.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20262$59.1M canonicalSEC ↗
Q3 202513F-HRNov 14, 20254$101.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 20259$433.5M canonicalSEC ↗
Q1 202513F-HRMay 15, 202511$510.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202513$468.2M canonicalSEC ↗
Q3 202413F-HRNov 14, 202415$477.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 202417$504.9M canonicalSEC ↗
Q1 202413F-HRMay 15, 202420$623.4M canonicalSEC ↗