Distillate Capital Partners LLC
Long book
$1.90B
Q1 2026
Positions
118
Top-10 weight
20%
concentration
Last quarter
+6.7%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsDistillate Capital Partners LLC is an institutional manager, running a $1.90B US long book across 118 positions.
The portfolio is broadly diversified across 118 positions (top 10 only 20%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ABBVIE INC, MERCK & CO. INC., SALESFORCE INC, T-MOBILE US INC, UBER TECHNOLOGIES INC.
Over the last 9 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 3 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
-4.5%
Q2 2024
+10.9%
Q3 2024
-4.1%
Q4 2024
-0.4%
Q1 2025
+2.5%
Q2 2025
+5.0%
Q3 2025
+2.0%
Q4 2025
-0.8%
Q1 2026
+6.7%
Sector allocation
Technology 24%
Industrials 17%
Healthcare 15%
Services media 13%
Financials 8%
Consumer discretionary 7%
Other 5%
Energy 4%
Long book by quarter
What does Distillate Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ABBV ABBVIE INC | Healthcare | 260.4K | $56.6M | 3.0% | +18.5% |
| MRK MERCK & CO. INC. | Healthcare | 446.9K | $53.8M | 2.8% | +0.6% |
| CRM SALESFORCE INC | Technology | 214.7K | $40.1M | 2.1% | +55.5% |
| TMUS T-MOBILE US INC | Communications | 177.6K | $37.3M | 2.0% | -22.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 476.2K | $34.3M | 1.8% | +30.8% |
| CMCSA COMCAST CORP-CLASS A | Communications | 1.2M | $34.1M | 1.8% | -0.5% |
| BKNG BOOKING HOLDINGS INC | Industrials | 8.0K | $33.9M | 1.8% | +59.4% |
| QCOM QUALCOMM INC | Technology | 253.6K | $32.7M | 1.7% | +36.8% |
| ACN ACCENTURE PLC-CL A | Services media | 157.4K | $31.2M | 1.6% | +37.3% |
| ADBE ADOBE INC | Technology | 127.5K | $31.0M | 1.6% | +68.3% |
| ABT ABBOTT LABORATORIES | Healthcare | 283.0K | $29.1M | 1.5% | New |
| CI THE CIGNA GROUP | Financials | 107.1K | $28.6M | 1.5% | +0.3% |
| MPC MARATHON PETROLEUM CORP | Energy | 114.8K | $28.0M | 1.5% | -21.5% |
| MO ALTRIA GROUP INC | Consumer staples | 411.8K | $27.2M | 1.4% | -0.3% |
| PYPL PAYPAL HOLDINGS INC | Services media | 535.6K | $24.2M | 1.3% | +35.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 137.5K | $23.8M | 1.3% | +34.3% |
| FANG DIAMONDBACK ENERGY INC | Energy | 120.3K | $23.8M | 1.3% | -6.1% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 112.9K | $22.9M | 1.2% | +55.4% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 1.1M | $22.4M | 1.2% | -0.1% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 28.6K | $22.1M | 1.2% | +0.7% |
| MCK MCKESSON CORP | Consumer discretionary | 25.5K | $22.1M | 1.2% | -16.4% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 98.4K | $21.3M | 1.1% | +29.1% |
| AON AON PLC-CLASS A | Financials | 65.6K | $21.2M | 1.1% | New |
| PCAR PACCAR INC | Industrials | 177.6K | $20.5M | 1.1% | +0.1% |
| GD GENERAL DYNAMICS CORP | Industrials | 58.8K | $20.2M | 1.1% | +0.1% |
| CTRA COTERRA ENERGY INC | — | 572.5K | $20.1M | 1.1% | -0.8% |
| OMC OMNICOM GROUP | Services media | 266.7K | $20.1M | 1.1% | +49.0% |
| KR KROGER CO | Consumer discretionary | 277.0K | $20.0M | 1.1% | +0.1% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 93.7K | $19.8M | 1.0% | +0.8% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 314.5K | $19.3M | 1.0% | +58.6% |
| ROP ROPER TECHNOLOGIES INC | Technology | 54.1K | $19.1M | 1.0% | +62.0% |
| ZTS ZOETIS INC | Healthcare | 161.2K | $19.0M | 1.0% | New |
| EME EMCOR GROUP INC | Industrials | 25.5K | $18.9M | 1.0% | -0.3% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 109.8K | $18.8M | 1.0% | +0.6% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 122.5K | $18.4M | 1.0% | -0.7% |
| VST VISTRA CORP | Utilities | 121.8K | $18.3M | 1.0% | -6.4% |
| DASH DOORDASH INC - A | Services media | 121.1K | $18.2M | 1.0% | New |
| DHI DR HORTON INC | Industrials | 132.4K | $18.2M | 1.0% | -0.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 66.1K | $17.9M | 0.9% | New |
| FTI TECHNIPFMC PLC | Industrials | 258.1K | $17.8M | 0.9% | -26.9% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 84.5K | $17.7M | 0.9% | -0.4% |
| WDAY WORKDAY INC-CLASS A | Technology | 133.0K | $17.3M | 0.9% | New |
| JBL JABIL INC | Technology | 64.8K | $17.2M | 0.9% | 0.0% |
| GDDY GODADDY INC - CLASS A | Technology | 207.1K | $17.1M | 0.9% | +87.8% |
| ICLR ICON PLC | Healthcare | 153.9K | $17.0M | 0.9% | +132.6% |
| INCY INCYTE CORP | Healthcare | 180.0K | $16.9M | 0.9% | New |
| ABNB AIRBNB INC-CLASS A | Services media | 133.3K | $16.8M | 0.9% | -0.8% |
| PHM PULTEGROUP INC | Industrials | 142.9K | $16.8M | 0.9% | -0.5% |
| BWA BORGWARNER INC | Industrials | 309.3K | $16.8M | 0.9% | New |
| TXT TEXTRON INC | Industrials | 190.8K | $16.7M | 0.9% | -0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 118 | $1.90B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 116 | $1.94B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 119 | $1.93B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 117 | $186.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 119 | $1.95B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 118 | $2.04B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 64 | $2.00B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 104 | $1.89B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 41 | $595K | canonical | SEC ↗ |
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