Cunning Capital Partners, LP
Long book
$196.5M
Q1 2026
Positions
56
Top-10 weight
48%
concentration
Last quarter
+23.0%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsCunning Capital Partners, LP is a diversified fundamental manager, running a $196.5M US long book across 56 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, KLA CORP, CELESTICA INC, APPLOVIN CORP-CLASS A, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 2.5pp per quarter ahead of the S&P 500, beating the index in 5 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
+0.8%
Q2 2024
+9.3%
Q3 2024
+4.2%
Q4 2024
-6.2%
Q1 2025
+22.9%
Q2 2025
+16.3%
Q3 2025
+1.5%
Q4 2025
-8.8%
Q1 2026
+23.0%
Sector allocation
Technology 49%
Financials 12%
Other 10%
Consumer discretionary 9%
Services media 5%
Healthcare 4%
Industrials 4%
Utilities 4%
Long book by quarter
What does Cunning Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 99.5K | $17.3M | 8.8% | Held |
| KLAC KLA CORP | Other | 7.9K | $11.6M | 5.9% | Held |
| CLS CELESTICA INC | Technology | 40.0K | $11.3M | 5.7% | Held |
| APP APPLOVIN CORP-CLASS A | Technology | 28.0K | $11.2M | 5.7% | Held |
| GOOG ALPHABET INC-CL C | Technology | 27.8K | $8.0M | 4.1% | Held |
| MS MORGAN STANLEY | Financials | 45.8K | $7.5M | 3.8% | Held |
| AVGO BROADCOM INC | Technology | 24.2K | $7.5M | 3.8% | Held |
| TPR TAPESTRY INC | Other | 50.3K | $7.1M | 3.6% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 12.0K | $6.9M | 3.5% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 27.8K | $5.6M | 2.9% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 22.8K | $5.5M | 2.8% | Held |
| PWR QUANTA SERVICES INC | Industrials | 8.8K | $4.9M | 2.5% | Held |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 23.9K | $4.4M | 2.2% | Held |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 19.0K | $4.0M | 2.0% | Held |
| NRG NRG ENERGY INC | Utilities | 26.6K | $3.9M | 2.0% | Held |
| NFLX NETFLIX INC | Services media | 40.0K | $3.8M | 2.0% | Held |
| URI UNITED RENTALS INC | Services media | 4.4K | $3.2M | 1.6% | Held |
| DELL DELL TECHNOLOGIES -C | Technology | 18.8K | $3.1M | 1.6% | Held |
| WFC WELLS FARGO & CO | Financials | 38.5K | $3.1M | 1.6% | Held |
| CEG CONSTELLATION ENERGY | Utilities | 10.9K | $3.0M | 1.5% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 10.0K | $3.0M | 1.5% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.4K | $3.0M | 1.5% | Held |
| HCA HCA HEALTHCARE INC | Healthcare | 5.8K | $2.7M | 1.4% | Held |
| MCK MCKESSON CORP | Consumer discretionary | 3.1K | $2.7M | 1.4% | Held |
| AN AUTONATION INC | Consumer discretionary | 12.8K | $2.5M | 1.3% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 17.0K | $2.5M | 1.3% | Held |
| JBL JABIL INC | Technology | 9.3K | $2.5M | 1.3% | Held |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 17.7K | $2.4M | 1.2% | Held |
| ORCL ORACLE CORP | Technology | 15.5K | $2.3M | 1.2% | Held |
| UHS UNIVERSAL HEALTH SERVICES-B | Healthcare | 12.5K | $2.2M | 1.1% | Held |
| TMUS T-MOBILE US INC | Communications | 10.6K | $2.2M | 1.1% | Held |
| AAPL APPLE INC | Technology | 8.6K | $2.2M | 1.1% | Held |
| CVX CHEVRON CORP | Energy | 10.4K | $2.2M | 1.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 2.3K | $2.2M | 1.1% | Held |
| CB CHUBB LTD | Financials | 6.2K | $2.0M | 1.0% | Held |
| PGR PROGRESSIVE CORP | Financials | 9.3K | $1.8M | 0.9% | Held |
| MSFT MICROSOFT CORP | Technology | 4.9K | $1.8M | 0.9% | Held |
| NOW SERVICENOW INC | Technology | 17.0K | $1.8M | 0.9% | Held |
| CARR CARRIER GLOBAL CORP | Industrials | 31.6K | $1.8M | 0.9% | Held |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 4.2K | $1.6M | 0.8% | Held |
| CPAY CORPAY INC | Services media | 5.4K | $1.6M | 0.8% | Held |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 7.7K | $1.3M | 0.7% | Held |
| CI THE CIGNA GROUP | Financials | 4.6K | $1.2M | 0.6% | Held |
| HRB H&R BLOCK INC | Services media | 37.4K | $1.2M | 0.6% | Held |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 14.0K | $1.1M | 0.6% | Held |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 16.6K | $1.1M | 0.6% | Held |
| AXON AXON ENTERPRISE INC | Industrials | 2.6K | $1.1M | 0.6% | Held |
| RDDT REDDIT INC-CL A | Technology | 7.5K | $1.0M | 0.5% | Held |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 34.2K | $710K | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 56 | $196.5M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 56 | $216.1M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 55 | $215.8M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2025 | 55 | $191.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 54 | $156.9M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 54 | $166.8M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 77 | $191.4M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 80 | $178.6M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 82 | $180.8M | $K fixed canonical | SEC ↗ |
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