CONTINENTAL ADVISORS LLC
Long book
$161.3M
Q1 2026
Positions
40
Top-10 weight
48%
concentration
Last quarter
+8.7%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsCONTINENTAL ADVISORS LLC is a concentrated fundamental stock-picker, running a $161.3M US long book across 40 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VIATRIS INC, WESTERN UNION CO, PFIZER INC, TEVA PHARMACEUTICAL-SP ADR, FEDERATED HERMES INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 6 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
-3.2%
Q2 2024
+7.5%
Q3 2024
+3.2%
Q4 2024
-2.1%
Q1 2025
+5.5%
Q2 2025
+9.7%
Q3 2025
+8.2%
Q4 2025
+0.0%
Q1 2026
+8.7%
Sector allocation
Financials 39%
Healthcare 36%
Services media 20%
Consumer staples 4%
Materials 2%
Other 1%
Long book by quarter
What does CONTINENTAL ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VTRS VIATRIS INC | Healthcare | 888.8K | $12.0M | 7.4% | -2.1% |
| WU WESTERN UNION CO | Services media | 1.3M | $11.6M | 7.2% | +22.0% |
| PFE PFIZER INC | Healthcare | 386.4K | $10.9M | 6.7% | -3.6% |
| FHI FEDERATED HERMES INC | Financials | 116.4K | $6.6M | 4.1% | -7.5% |
| TFC TRUIST FINANCIAL CORP | Financials | 139.7K | $6.4M | 4.0% | -13.4% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 33.4K | $6.1M | 3.8% | +6.7% |
| UBER UBER TECHNOLOGIES INC | Services media | 78.5K | $5.6M | 3.5% | Held |
| C CITIGROUP INC | Financials | 48.4K | $5.5M | 3.4% | -10.2% |
| XRAY DENTSPLY SIRONA INC | Healthcare | 448.6K | $5.2M | 3.2% | -14.1% |
| WFC WELLS FARGO & CO | Financials | 63.6K | $5.1M | 3.1% | -3.8% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 224.5K | $5.0M | 3.1% | New |
| RF REGIONS FINANCIAL CORP | Financials | 175.0K | $4.6M | 2.8% | -1.1% |
| PRGO PERRIGO CO PLC | Healthcare | 418.5K | $4.5M | 2.8% | +39.2% |
| LVS LAS VEGAS SANDS CORP | Services media | 81.8K | $4.4M | 2.7% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 69.8K | $4.2M | 2.6% | -6.7% |
| GILD GILEAD SCIENCES INC | Healthcare | 28.4K | $4.0M | 2.5% | -13.7% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 287.4K | $3.9M | 2.4% | -17.5% |
| FISV FISERV INC | Services media | 69.0K | $3.9M | 2.4% | New |
| BAX BAXTER INTERNATIONAL INC | Healthcare | 203.6K | $3.4M | 2.1% | +221.2% |
| JPM JPMORGAN CHASE & CO | Financials | 10.7K | $3.2M | 2.0% | Held |
| EQH EQUITABLE HOLDINGS INC | Financials | 82.5K | $3.1M | 1.9% | New |
| NTRS NORTHERN TRUST CORP | Financials | 21.7K | $3.0M | 1.9% | -15.9% |
| B BARRICK MINING CORP | Materials | 61.5K | $2.5M | 1.6% | -16.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.9K | $2.4M | 1.5% | -12.1% |
| IVZ INVESCO LTD | Financials | 97.7K | $2.4M | 1.5% | Held |
| SSB SOUTHSTATE BANK CORP | Financials | 22.0K | $2.0M | 1.3% | +18.9% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 41.0K | $1.9M | 1.2% | New |
| RPAY REPAY HOLDINGS CORP | Services media | 651.5K | $1.7M | 1.1% | +6.1% |
| DVA DAVITA INC | Healthcare | 11.0K | $1.7M | 1.0% | New |
| ALITEUR ALIGHT INC - CLASS A | — | 1.7M | $1.0M | 0.6% | +85.3% |
| RVSB RIVERVIEW BANCORP INC | Financials | 86.0K | $473K | 0.3% | Held |
| UCB UNITED COMMUNITY BANKS/GA | Financials | 14.8K | $467K | 0.3% | -17.6% |
| FBNC FIRST BANCORP/NC | Financials | 8.0K | $451K | 0.3% | -36.2% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 26.1K | $408K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 50 | $195.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 43 | $236.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 41 | $231.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 19, 2025 | 41 | $213.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 16, 2025 | 40 | $178.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 42 | $217.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 41 | $207.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 43 | $227.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 45 | $247.5M | canonical | SEC ↗ |
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