CORSAIR CAPITAL MANAGEMENT, L.P.

Fundamental diversified ★Signal CIK 1276470
League rank
#589
in Fundamental diversified · #4138 overall
Long book
$673.0M
Q1 2026
Positions
151
Top-10 weight
78%
concentration
Last quarter
+11.1%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

CORSAIR CAPITAL MANAGEMENT, L.P. is a diversified fundamental manager, running a $673.0M US long book across 151 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: GPGI INC, VERTIV HOLDINGS CO-A, LAUREATE EDUCATION INC, RESOLUTE HOLDINGS MANAG, API GROUP CORP.

Over the last 9 quarters its long book ran on average 3.5pp 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
+1.5%
Q2 2024
+9.1%
Q3 2024
+11.2%
Q4 2024
-11.6%
Q1 2025
+30.7%
Q2 2025
+11.6%
Q3 2025
+5.0%
Q4 2025
+3.2%
Q1 2026
+11.1%

Sector allocation

Financials
36%
Technology
30%
Services media
17%
Industrials
9%
Other
4%
Healthcare
1%
Consumer discretionary
1%
Communications
1%

Long book by quarter

$356.2M
Q1 2024
$616.8M
Q2 2024
$422.4M
Q3 2024
$464.6M
Q4 2024
$388.4M
Q1 2025
$522.0M
Q2 2025
$563.6M
Q3 2025
$604.5M
Q4 2025
$673.0M
Q1 2026

What does CORSAIR CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GPGI GPGI INCFinancials8.5M$144.8M21.5%+101.7%
VRT VERTIV HOLDINGS CO-ATechnology577.2K$144.6M21.5%-2.8%
LAUR LAUREATE EDUCATION INCServices media1.8M$63.8M9.5%-1.1%
RHLD RESOLUTE HOLDINGS MANAGFinancials259.1K$42.1M6.2%+24.7%
APG API GROUP CORPServices media708.6K$28.7M4.3%-1.4%
LMB LIMBACH HOLDINGS INCIndustrials311.3K$24.3M3.6%Held
SPXC SPX TECHNOLOGIES INCIndustrials97.7K$19.5M2.9%-3.0%
MIR MIRION TECHNOLOGIES INCOther982.4K$18.3M2.7%Held
AON AON PLC-CLASS AFinancials40.1K$12.9M1.9%Held
GOOGL ALPHABET INC-CL ATechnology39.4K$11.3M1.7%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials20.5K$9.8M1.5%Held
MSFT MICROSOFT CORPTechnology23.4K$8.7M1.3%Held
IREN IREN LTDFinancials130.1K$4.5M0.7%-8.8%
MU MICRON TECHNOLOGY INCTechnology10.0K$3.4M0.5%Held
WLFC WILLIS LEASE FINANCE CORPConsumer discretionary18.0K$3.1M0.5%+50.0%
SPGI S&P GLOBAL INCServices media6.5K$2.8M0.4%-18.4%
CNVS CINEVERSE CORPServices media1.1M$2.7M0.4%+45.7%
FEIM FREQUENCY ELECTRONICS INCTechnology60.1K$2.7M0.4%Held
AAPL APPLE INCTechnology9.0K$2.3M0.3%Held
ALITEUR ALIGHT INC - CLASS A3.8M$2.2M0.3%-70.0%
VOYA VOYA FINANCIAL INCFinancials29.8K$2.0M0.3%-20.1%
NBIS NEBIUS GROUP NVTechnology19.6K$2.0M0.3%Held
TPB TURNING POINT BRANDS INCConsumer staples23.3K$2.0M0.3%Held
VISN VISTANCE NETWORKS INCTechnology110.0K$2.0M0.3%New
ZD ZIFF DAVIS INCCommunications45.0K$1.9M0.3%New
CHDN CHURCHILL DOWNS INCServices media18.3K$1.6M0.2%-9.8%
LODE COMSTOCK INCOther525.1K$1.6M0.2%-4.5%
GLNG GOLAR LNG LTDIndustrials27.5K$1.5M0.2%+83.3%
BELFB BEL FUSE INC-CL BTechnology7.2K$1.4M0.2%Held
APO APOLLO GLOBAL MANAGEMENT INCFinancials12.8K$1.4M0.2%-23.8%
DAC DANAOS CORPIndustrials12.6K$1.4M0.2%Held
VPG VISHAY PRECISION GROUPTechnology31.0K$1.3M0.2%+24.0%
MS MORGAN STANLEYFinancials7.8K$1.3M0.2%Held
ALTO ALTO INGREDIENTS INCOther260.2K$1.3M0.2%+4.0%
JOE ST JOE CO/THEReal estate20.0K$1.3M0.2%Held
AMZN AMAZON.COM INCConsumer discretionary6.0K$1.2M0.2%+33.3%
VVX V2X INCServices media18.0K$1.2M0.2%New
IOVA IOVANCE BIOTHERAPEUTICS INCHealthcare350.0K$1.2M0.2%+16.7%
BGC BGC GROUP INC-AFinancials123.7K$1.2M0.2%-10.2%
NPK NATIONAL PRESTO INDS INCIndustrials8.0K$1.1M0.2%Held
AER AERCAP HOLDINGS NVServices media8.0K$1.1M0.2%Held
SPCB SUPERCOM LTDTechnology136.0K$1.1M0.2%+14.7%
AM ANTERO MIDSTREAM CORPUtilities42.0K$958K0.1%Held
CHCI COMSTOCK HOLDING COMPANIESReal estate49.2K$933K0.1%+8.4%
COF CAPITAL ONE FINANCIAL CORPFinancials5.0K$909K0.1%Held
NVDA NVIDIA CORPTechnology5.0K$872K0.1%Held
OFLX OMEGA FLEX INCIndustrials27.8K$863K0.1%+38.7%
CIFR CIPHER DIGITAL INCFinancials66.9K$860K0.1%+9.9%
CNX CNX RESOURCES CORPEnergy21.9K$845K0.1%Held
GTX GARRETT MOTION INCIndustrials45.5K$827K0.1%-9.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026151$673.0M canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026152$644.0M canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTApr 21, 2026167$605.3M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025167$605.3M SEC ↗
Q2 202513F-HR/ARESTATEMENTApr 21, 2026153$534.3M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025153$522.1M SEC ↗
Q1 202513F-HR/ARESTATEMENTApr 21, 2026122$395.4M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025122$389.2M SEC ↗
Q1 202513F-HR/ARESTATEMENTMay 15, 2025122$395.4M SEC ↗
Q4 202413F-HRFeb 14, 2025119$464.6M canonicalSEC ↗
Q3 202413F-HRNov 13, 2024118$422.4M canonicalSEC ↗
Q2 202413F-HRAug 13, 2024102$616.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 202499$356.2M canonicalSEC ↗