Deer Park Road Corp

Fundamental diversified ★Signal CIK 1702490
Long book
$22.2M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Deer Park Road Corp is a diversified fundamental manager, running a $22.2M US long book across 5 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: ONITY GROUP INC, ALTISOURCE PORTFOLIO SOL, ALTISOURCE PORTFOLIO - 30, ALTISOURCE PORTFOLIO - 29C, NEW FOUND GOLD CORP.

Over the last 9 quarters its long book ran on average 2pp 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
-16.9%
Q2 2024
+17.4%
Q3 2024
-16.3%
Q4 2024
+4.7%
Q1 2025
+37.2%
Q2 2025
+22.8%
Q3 2025
-20.1%
Q4 2025
-11.6%
Q1 2026
+4.9%

Sector allocation

Financials
51%
Services media
48%
Materials
1%

Long book by quarter

$23.5M
Q1 2024
$18.4M
Q2 2024
$17.0M
Q3 2024
$12.4M
Q4 2024
$16.3M
Q1 2025
$26.9M
Q2 2025
$33.3M
Q3 2025
$25.5M
Q4 2025
$22.2M
Q1 2026

What does Deer Park own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ONIT ONITY GROUP INCFinancials254.1K$10.0M44.9%Held
ASPS ALTISOURCE PORTFOLIO SOLServices media1.5M$9.5M42.6%Held
NFGC NEW FOUND GOLD CORPMaterials57.9K$112K0.5%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20268$591.1M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTMar 9, 20265$25.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20266$58.1M SEC ↗
Q3 202513F-HR/ARESTATEMENTMar 9, 20267$1.87B canonicalSEC ↗
Q3 202513F-HRNov 14, 20258$1.90B SEC ↗
Q2 202513F-HRAug 14, 20258$2.94B canonicalSEC ↗
Q1 202513F-HRMay 15, 20255$1.12B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$598.5M canonicalSEC ↗
Q3 202413F-HRNov 14, 20245$3.79B canonicalSEC ↗
Q2 202413F-HRAug 14, 20245$2.47B canonicalSEC ↗
Q1 202413F-HRMay 15, 20245$2.21B canonicalSEC ↗