Cevian Capital II GP LTD
Long book
$3.12B
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+23.4%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsCevian Capital II GP LTD is a diversified fundamental manager, specialised in financials (60% of the long book), running a $3.12B US long book across 3 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: UBS GROUP AG-REG, AUTOLIV INC, CRH PLC.
Over the last 9 quarters its long book ran on average 1pp 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
-7.8%
Q2 2024
+7.4%
Q3 2024
-0.6%
Q4 2024
-1.8%
Q1 2025
+15.3%
Q2 2025
+20.4%
Q3 2025
+7.4%
Q4 2025
-14.6%
Q1 2026
+23.4%
Sector allocation
Financials 60%
Industrials 40%
Long book by quarter
What does Cevian Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $3.12B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 3 | $3.66B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 3 | $3.41B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 3 | $2.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 3 | $2.38B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 3 | $2.58B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 3 | $3.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 3 | $2.97B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 3 | $3.47B | canonical | SEC ↗ |