Conifer Management, L.L.C.
Long book
$523.8M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+6.1%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsConifer Management, L.L.C. is a diversified fundamental manager, running a $523.8M US long book across 6 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: GROUP 1 AUTOMOTIVE INC, EQUITABLE HOLDINGS INC, LITHIA MOTORS INC, MONDAY.COM LTD, RIMINI STREET INC.
Over the last 9 quarters its long book ran on average 4.4pp per quarter behind the S&P 500, beating the index in 3 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
-7.2%
Q2 2024
+7.4%
Q3 2024
+9.5%
Q4 2024
-5.8%
Q1 2025
+15.3%
Q2 2025
+1.2%
Q3 2025
-5.6%
Q4 2025
-20.0%
Q1 2026
+6.1%
Sector allocation
Consumer discretionary 58%
Financials 30%
Technology 5%
Services media 4%
Industrials 4%
Long book by quarter
What does Conifer Management, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 755.0K | $249.6M | 47.7% | +32.8% |
| EQH EQUITABLE HOLDINGS INC | Financials | 4.2M | $155.9M | 29.8% | Held |
| LAD LITHIA MOTORS INC | Consumer discretionary | 212.0K | $52.9M | 10.1% | -47.0% |
| MNDY MONDAY.COM LTD | Technology | 400.0K | $27.6M | 5.3% | New |
| RMNI RIMINI STREET INC | Services media | 5.9M | $19.4M | 3.7% | Held |
| SDHC SMITH DOUGLAS HOMES CORP | Industrials | 1.4M | $18.3M | 3.5% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 6 | $523.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 5 | $603.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 5 | $631.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 6 | $768.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 5 | $659.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 6 | $775.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 6 | $873.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 6 | $815.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 7 | $906.1M | canonical | SEC ↗ |
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