CLEARLAKE CAPITAL GROUP, L.P.

Fundamental diversified ★Signal technology specialist (86%) CIK 1688282
Long book
$680.4M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
-20.1%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

CLEARLAKE CAPITAL GROUP, L.P. is a diversified fundamental manager, specialised in technology (86% of the long book), running a $680.4M US long book across 6 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: BLACKBAUD INC, BLACKLINE INC, FORWARD AIR CORP, GRAB HOLDINGS LTD - CL A, HOLLEY INC.

Over the last 9 quarters its long book ran on average 11.7pp per quarter behind the S&P 500, beating the index in 1 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
-7.7%
Q2 2024
+16.4%
Q3 2024
-6.1%
Q4 2024
-19.2%
Q1 2025
+8.7%
Q2 2025
-0.6%
Q3 2025
-0.2%
Q4 2025
-36.3%
Q1 2026
-20.1%

Sector allocation

Technology
86%
Industrials
11%
Services media
3%

Long book by quarter

$1.27B
Q1 2024
$1.12B
Q2 2024
$1.31B
Q3 2024
$1.23B
Q4 2024
$990.7M
Q1 2025
$1.08B
Q2 2025
$1.07B
Q3 2025
$1.07B
Q4 2025
$680.4M
Q1 2026

What does CLEARLAKE CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BLKB BLACKBAUD INCTechnology9.8M$376.5M55.3%Held
BL BLACKLINE INCTechnology5.7M$211.4M31.1%Held
FWRD FORWARD AIR CORPIndustrials3.8M$63.9M9.4%Held
GRAB GRAB HOLDINGS LTD - CL AServices media5.5M$20.1M3.0%Held
HLLY HOLLEY INCIndustrials2.8M$8.4M1.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20266$680.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20266$1.07B canonicalSEC ↗
Q3 202513F-HRNov 14, 20256$1.07B canonicalSEC ↗
Q2 202513F-HRAug 14, 20256$1.08B canonicalSEC ↗
Q1 202513F-HRMay 15, 20256$990.7M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20256$1.23B canonicalSEC ↗
Q3 202413F-HRNov 14, 20246$1.31B canonicalSEC ↗
Q2 202413F-HRAug 14, 20246$1.12B canonicalSEC ↗
Q1 202413F-HRMay 15, 20248$1.27B canonicalSEC ↗