Crestview Partners III GP, L.P.

Fundamental diversified ★Signal financials specialist (95%) CIK 1703027
Long book
$195.0M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+32.2%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Crestview Partners III GP, L.P. is a diversified fundamental manager, specialised in financials (95% of the long book), running a $195.0M US long book across 2 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: PELAGOS INSURANCE CAPITAL LT, PROFRAC HOLDING CORP-A.

Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 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
-15.3%
Q2 2024
+8.7%
Q3 2024
+2.4%
Q4 2024
-9.0%
Q1 2025
+2.9%
Q2 2025
+0.9%
Q3 2025
+7.6%
Q4 2025
+2.3%
Q1 2026
+32.2%

Sector allocation

Financials
95%
Energy
5%

Long book by quarter

$366.0M
Q1 2024
$355.7M
Q2 2024
$365.7M
Q3 2024
$360.5M
Q4 2024
$339.8M
Q1 2025
$316.2M
Q2 2025
$353.0M
Q3 2025
$203.6M
Q4 2025
$195.0M
Q1 2026

What does Crestview Partners own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PLGO PELAGOS INSURANCE CAPITAL LTFinancials9.7M$186.1M95.4%Held
ACDC PROFRAC HOLDING CORP-AEnergy1.4M$8.9M4.6%-56.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20262$195.0M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20262$203.6M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$353.0M canonicalSEC ↗
Q2 202513F-HRAug 12, 20253$316.2M canonicalSEC ↗
Q1 202513F-HRMay 14, 20253$339.8M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$360.5M canonicalSEC ↗
Q3 202413F-HRNov 12, 20243$365.7M canonicalSEC ↗
Q2 202413F-HRAug 13, 20243$355.7M canonicalSEC ↗
Q1 202413F-HRMay 10, 20243$366.0M canonicalSEC ↗