DDD Partners, LLC

Fundamental diversified ★Signal CIK 1729673
League rank
#645
in Fundamental diversified · #4958 overall
Long book
$1.44B
Q1 2026
Positions
134
Top-10 weight
49%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
30%
of book per quarter

Strategy in plain words

auto-generated from filings

DDD Partners, LLC is a diversified fundamental manager, running a $1.44B US long book across 134 positions.

The portfolio is moderately concentrated (top 10 ≈ 49% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B, APPLE INC, AMAZON.COM INC, NWPX INFRASTRUCTURE INC.

Over the last 9 quarters its long book ran on average 1.9pp 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
+2.1%
Q2 2024
+5.5%
Q3 2024
+3.4%
Q4 2024
-2.9%
Q1 2025
+4.9%
Q2 2025
+9.2%
Q3 2025
-0.6%
Q4 2025
-8.8%
Q1 2026
+10.2%

Sector allocation

Technology
50%
Consumer discretionary
12%
Financials
11%
Industrials
9%
Healthcare
6%
Energy
3%
Utilities
3%
Consumer staples
2%

Long book by quarter

$818.2M
Q1 2024
$862.5M
Q2 2024
$920.9M
Q3 2024
$813.7M
Q4 2024
$823.1M
Q1 2025
$932.7M
Q2 2025
$1.57B
Q3 2025
$1.57B
Q4 2025
$1.44B
Q1 2026

What does DDD Partners, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology1.2M$426.7M29.6%+0.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials114.0K$54.6M3.8%0.0%
AAPL APPLE INCTechnology165.2K$41.9M2.9%+0.5%
AMZN AMAZON.COM INCConsumer discretionary180.4K$37.6M2.6%+0.5%
NWPX NWPX INFRASTRUCTURE INCIndustrials424.7K$33.1M2.3%-4.2%
COST COSTCO WHOLESALE CORPConsumer discretionary25.8K$25.7M1.8%-0.3%
AVGO BROADCOM INCTechnology79.7K$24.7M1.7%-8.4%
GOOG ALPHABET INC-CL CTechnology81.1K$23.3M1.6%+0.8%
NVDA NVIDIA CORPTechnology123.6K$21.6M1.5%+2.1%
CVX CHEVRON CORPEnergy104.0K$21.5M1.5%-17.9%
PEP PEPSICO INCConsumer staples137.7K$21.4M1.5%+0.3%
CSCO CISCO SYSTEMS INCTechnology273.6K$21.2M1.5%+0.4%
REGN REGENERON PHARMACEUTICALSHealthcare26.9K$20.8M1.4%+11.8%
CMI CUMMINS INCIndustrials38.5K$20.7M1.4%-16.5%
CB CHUBB LTDFinancials63.3K$20.6M1.4%-13.9%
GPC GENUINE PARTS COConsumer discretionary194.1K$20.5M1.4%+41.5%
DHR DANAHER CORPTechnology107.5K$20.4M1.4%+16.0%
WEC WEC ENERGY GROUP INCUtilities173.7K$20.1M1.4%+0.4%
BAC BANK OF AMERICA CORPFinancials407.8K$19.9M1.4%+0.3%
ABBV ABBVIE INCHealthcare91.4K$19.9M1.4%+3.1%
ABT ABBOTT LABORATORIESHealthcare193.5K$19.9M1.4%+48.7%
QCOM QUALCOMM INCTechnology152.6K$19.6M1.4%+28.6%
ORI OLD REPUBLIC INTL CORPFinancials492.1K$19.6M1.4%+0.4%
CME CME GROUP INCFinancials66.0K$19.5M1.4%+0.4%
KMI KINDER MORGAN INCUtilities574.4K$19.3M1.3%-15.4%
EMN EASTMAN CHEMICAL COMaterials251.9K$19.2M1.3%+4.2%
META META PLATFORMS INC-CLASS ATechnology32.6K$18.6M1.3%-1.0%
WSO WATSCO INCConsumer discretionary50.5K$18.4M1.3%New
AMRZ AMRIZE LTDIndustrials324.8K$18.2M1.3%New
HD HOME DEPOT INCConsumer discretionary54.4K$17.9M1.2%+16.6%
HUBB HUBBELL INCTechnology33.7K$16.5M1.1%+0.8%
BA BOEING CO/THEIndustrials80.8K$16.1M1.1%+5.1%
TEL TE CONNECTIVITY PLCConsumer discretionary74.4K$15.6M1.1%New
ON ON SEMICONDUCTORTechnology240.0K$14.9M1.0%New
ELAN ELANCO ANIMAL HEALTH INCHealthcare618.1K$14.8M1.0%-33.3%
NOW SERVICENOW INCTechnology136.4K$14.3M1.0%-3.5%
DINO HF SINCLAIR CORPEnergy216.2K$13.5M0.9%-25.7%
DIS WALT DISNEY CO/THEServices media134.6K$13.0M0.9%New
ESI ELEMENT SOLUTIONS INCOther364.4K$12.4M0.9%New
RELL RICHARDSON ELEC LTDConsumer discretionary1.1M$12.4M0.9%Held
UNH UNITEDHEALTH GROUP INCFinancials43.9K$11.9M0.8%+48.5%
MTH MERITAGE HOMES CORPIndustrials189.2K$11.7M0.8%New
HII HUNTINGTON INGALLS INDUSTRIEIndustrials26.0K$9.9M0.7%-42.6%
ALGN ALIGN TECHNOLOGY INCHealthcare26.4K$4.5M0.3%+179.1%
BKR BAKER HUGHES COIndustrials73.5K$4.5M0.3%+2.9%
EXPD EXPEDITORS INTL WASH INCIndustrials25.3K$3.6M0.3%Held
OXY OCCIDENTAL PETROLEUM CORPEnergy55.0K$3.6M0.2%-23.1%
SII SPROTT INCFinancials24.9K$3.6M0.2%+3.3%
UNF UNIFIRST CORP/MAServices media14.0K$3.5M0.2%+3.3%
ISRG INTUITIVE SURGICAL INCHealthcare6.9K$3.2M0.2%+7.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 28, 2026138$1.45B canonicalSEC ↗
Q4 202513F-HRJan 22, 2026130$1.57B canonicalSEC ↗
Q3 202513F-HRNov 6, 2025129$1.57B canonicalSEC ↗
Q2 202513F-HRJul 31, 2025112$932.7M canonicalSEC ↗
Q1 202513F-HRMay 2, 2025102$823.1M canonicalSEC ↗
Q4 202413F-HRJan 31, 202598$813.7M canonicalSEC ↗
Q3 202413F-HRNov 12, 2024102$920.9M canonicalSEC ↗
Q2 202413F-HRAug 1, 202494$862.5M canonicalSEC ↗
Q1 202413F-HRMay 9, 202490$818.2M canonicalSEC ↗