De Lisle Partners LLP

Other Low signal CIK 2011184
League rank
#1651
in Other · #6870 overall
Long book
$835.9M
Q1 2026
Positions
174
Top-10 weight
30%
concentration
Last quarter
+6.3%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

De Lisle Partners LLP is an institutional manager, running a $835.9M US long book across 174 positions.

The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: CAMECO CORP, EVERUS CONSTRUCTION GROUP, BUILD-A-BEAR WORKSHOP INC, ROCKET COS INC-CLASS A, CLIMB GLOBAL SOLUTIONS INC.

Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-4.9%
Q2 2024
+9.3%
Q3 2024
-1.3%
Q4 2024
-12.3%
Q1 2025
+14.7%
Q2 2025
+11.2%
Q3 2025
+0.3%
Q4 2025
+3.5%
Q1 2026
+6.3%

Sector allocation

Industrials
35%
Financials
15%
Materials
14%
Consumer discretionary
10%
Other
9%
Energy
5%
Technology
4%
Healthcare
4%

Long book by quarter

$432.6M
Q1 2024
$457.8M
Q2 2024
$616.9M
Q3 2024
$682.1M
Q4 2024
$602.1M
Q1 2025
$708.7M
Q2 2025
$814.1M
Q3 2025
$777.8M
Q4 2025
$835.9M
Q1 2026

What does De Lisle own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CCJ CAMECO CORPMaterials570.9K$62.0M7.4%+22.2%
ECG EVERUS CONSTRUCTION GROUPIndustrials367.4K$43.4M5.2%Held
BBW BUILD-A-BEAR WORKSHOP INCConsumer discretionary765.9K$28.7M3.4%Held
RKT ROCKET COS INC-CLASS AFinancials1.4M$19.4M2.3%Held
CLMB CLIMB GLOBAL SOLUTIONS INCConsumer discretionary930.6K$18.4M2.2%+276.8%
GLNG GOLAR LNG LTDIndustrials333.4K$18.1M2.2%+24.2%
PNTG PENNANT GROUP INC/THEHealthcare508.0K$15.5M1.9%+3.0%
FSBW FS BANCORP INCFinancials391.7K$15.2M1.8%+1.6%
UFPT UFP TECHNOLOGIES INCHealthcare74.3K$14.4M1.7%Held
FTI TechnipFMC PLCIndustrials194.1K$13.4M1.6%New
TOL TOLL BROTHERS INCIndustrials95.0K$13.0M1.6%Held
FET FORUM ENERGY TECHNOLOGIES INIndustrials219.4K$12.9M1.5%+1.4%
HWKN HAWKINS INCConsumer discretionary82.1K$12.6M1.5%Held
DNN DENISON MINES CORPMaterials3.2M$11.3M1.4%+2.4%
LCII LCI INDUSTRIESIndustrials91.0K$11.2M1.3%Held
NXE NEXGEN ENERGY LTDMaterials962.7K$11.2M1.3%-20.4%
NRIM NORTHRIM BANCORP INCFinancials474.4K$10.9M1.3%+3.0%
CSV CARRIAGE SERVICES INCServices media236.1K$10.8M1.3%-0.1%
TDW TIDEWATER INCIndustrials126.3K$10.6M1.3%+2.0%
BORR BORR DRILLING LTDEnergy1.8M$10.4M1.2%Held
PLBC PLUMAS BANCORPFinancials213.2K$10.4M1.2%Held
AMTM AMENTUM HOLDINGS INCServices media379.8K$9.9M1.2%New
FN FABRINETTechnology18.9K$9.8M1.2%+18.9%
VMI VALMONT INDUSTRIESIndustrials22.8K$9.1M1.1%Held
VAL VALARIS LTDEnergy91.3K$9.0M1.1%+33.7%
MBC MASTERBRAND INCOther1.1M$8.9M1.1%-4.8%
NXT NEXTPOWER INC-CL ATechnology73.0K$8.8M1.1%Held
AIR AAR CORPIndustrials78.2K$8.6M1.0%+23.7%
MHO M/I HOMES INCIndustrials66.4K$8.1M1.0%-11.0%
GTX GARRETT MOTION INCIndustrials424.1K$7.7M0.9%+1.6%
HIFS HINGHAM INSTITUTION FOR SVGS26.8K$7.7M0.9%Held
SOLS SOLSTICE ADV MATERIALS INCMaterials98.0K$7.5M0.9%New
FRD FRIEDMAN INDUSTRIESIndustrials419.8K$7.4M0.9%Held
FCX FREEPORT-MCMORAN INCMaterials121.0K$7.1M0.9%+1.7%
GHM GRAHAM CORPIndustrials89.9K$7.1M0.8%+4.7%
DE DEERE & COIndustrials12.5K$7.0M0.8%Held
AMRZ AMRIZE LTDIndustrials125.6K$7.0M0.8%+14.2%
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary84.5K$7.0M0.8%Held
PATK PATRICK INDUSTRIES INCIndustrials62.0K$6.9M0.8%Held
UAN CVR PARTNERS LPOther53.6K$6.8M0.8%-1.5%
KRT KARAT PACKAGING INCOther229.1K$6.4M0.8%Held
CF CF INDUSTRIES HOLDINGS INCOther49.0K$6.4M0.8%Held
FUNC FIRST UNITED CORPFinancials164.4K$6.0M0.7%+5.8%
GBX GREENBRIER COMPANIES INCIndustrials112.3K$5.9M0.7%-3.8%
INVX INNOVEX INTERNATIONAL INCIndustrials235.1K$5.7M0.7%+3.1%
SANM SANMINA CORPTechnology44.0K$5.7M0.7%+83.3%
FBIZ FIRST BUSINESS FINANCIAL SERFinancials98.8K$5.3M0.6%+2.1%
WGO WINNEBAGO INDUSTRIESIndustrials172.4K$5.3M0.6%+13.1%
ENSG ENSIGN GROUP INC/THEHealthcare26.2K$5.3M0.6%+4.0%
BLBD BLUE BIRD CORPIndustrials92.4K$5.3M0.6%+12.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 2026174$835.9M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026170$777.8M canonicalSEC ↗
Q3 202513F-HRNov 13, 2025173$814.1M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025176$708.7M canonicalSEC ↗
Q1 202513F-HRMay 8, 2025186$602.1M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025190$682.1M canonicalSEC ↗
Q3 202413F-HRNov 14, 2024195$616.9M canonicalSEC ↗
Q2 202413F-HRAug 9, 2024177$457.8M canonicalSEC ↗
Q1 202413F-HRMay 8, 2024162$432.6M canonicalSEC ↗