DME Capital Management, LP
Long book
$3.19B
Q1 2026
Positions
45
Top-10 weight
57%
concentration
Last quarter
+17.4%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsDME Capital Management, LP is a concentrated fundamental stock-picker, running a $3.19B US long book across 45 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GREEN BRICK PARTNERS INC, FLUOR CORP, CORE NATURAL RESOURCES INC, BRIGHTHOUSE FINANCIAL INC, P G & E CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.1%
Q2 2024
+20.1%
Q3 2024
-9.6%
Q4 2024
-3.2%
Q1 2025
+4.3%
Q2 2025
+5.8%
Q3 2025
-1.2%
Q4 2025
+1.6%
Q1 2026
+17.4%
Sector allocation
Industrials 34%
Financials 12%
Other 11%
Consumer discretionary 9%
Healthcare 8%
Communications 7%
Materials 6%
Services media 4%
Long book by quarter
What does DME Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GRBK GREEN BRICK PARTNERS INC | Industrials | 9.5M | $610.2M | 19.1% | Held |
| FLR FLUOR CORP | Industrials | 4.7M | $221.5M | 6.9% | -14.6% |
| CNR CORE NATURAL RESOURCES INC | Materials | 1.9M | $194.6M | 6.1% | -11.5% |
| BHF BRIGHTHOUSE FINANCIAL INC | Financials | 2.8M | $170.2M | 5.3% | +1.8% |
| PCG P G & E CORP | Utilities | 6.6M | $116.5M | 3.7% | -14.8% |
| VSNT VERSANT MEDIA GROUP INC | Communications | 3.0M | $112.1M | 3.5% | New |
| ACHC ACADIA HEALTHCARE CO INC | Healthcare | 4.5M | $105.7M | 3.3% | +9.6% |
| VSXY VICTORIA'S SECRET & CO | Consumer discretionary | 2.3M | $104.6M | 3.3% | +29.9% |
| DHT DHT HOLDINGS INC | Industrials | 5.3M | $96.3M | 3.0% | -28.4% |
| PENN PENN ENTERTAINMENT INC | Services media | 6.0M | $90.8M | 2.8% | Held |
| GPK GRAPHIC PACKAGING HOLDING CO | Other | 9.1M | $90.5M | 2.8% | +8.1% |
| CNC CENTENE CORP | Financials | 2.7M | $89.4M | 2.8% | +3.5% |
| CPRI CAPRI HOLDINGS LTD | Other | 4.9M | $86.9M | 2.7% | +3.4% |
| SNX TD SYNNEX CORP | Consumer discretionary | 479.5K | $80.9M | 2.5% | +748.9% |
| BKV BKV CORPORATION | Energy | 2.7M | $76.9M | 2.4% | +109.3% |
| LBTYA LIBERTY GLOBAL LTD-A | Communications | 5.0M | $60.0M | 1.9% | -0.8% |
| ROIV ROIVANT SCIENCES LTD | Healthcare | 2.2M | $59.6M | 1.9% | +4.0% |
| CROX CROCS INC | Other | 669.1K | $55.6M | 1.7% | New |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 1.6M | $53.1M | 1.7% | New |
| DECK DECKERS OUTDOOR CORP | Other | 481.4K | $48.2M | 1.5% | +61.1% |
| SPB SPECTRUM BRANDS HOLDINGS INC | Technology | 650.4K | $47.9M | 1.5% | -2.0% |
| CNH CNH INDUSTRIAL NV | Industrials | 4.2M | $46.1M | 1.4% | -27.4% |
| SLM SLM CORP | Financials | 2.1M | $45.0M | 1.4% | New |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 599.3K | $44.2M | 1.4% | +27.7% |
| PTON PELOTON INTERACTIVE INC-A | Other | 10.1M | $43.4M | 1.4% | +4003.7% |
| DCH DAUCH CORPORATION | Industrials | 6.3M | $37.4M | 1.2% | New |
| PSKY PARAMOUNT SKYDANCE CL B | Communications | 3.9M | $35.4M | 1.1% | New |
| AR ANTERO RESOURCES CORP | Energy | 808.5K | $34.3M | 1.1% | -20.3% |
| SLDE SLIDE INSURANCE HOLDINGS INC | Financials | 1.7M | $30.4M | 1.0% | +46.7% |
| SHC SOTERA HEALTH CO | Healthcare | 2.1M | $29.6M | 0.9% | +347.8% |
| STUB STUBHUB HOLDINGS INC-CLASS A | Services media | 4.2M | $26.4M | 0.8% | New |
| VTRS VIATRIS INC | Healthcare | 1.8M | $24.6M | 0.8% | New |
| CI THE CIGNA GROUP | Financials | 88.4K | $23.6M | 0.7% | -5.7% |
| TRIP TRIPADVISOR INC | Technology | 1.6M | $16.7M | 0.5% | New |
| 0WE WEATHERFORD INTERNATIONAL PL | — | 145.7K | $13.8M | 0.4% | -80.4% |
| ZIM ZIM INTEGRATED SHIPPING SERV | Industrials | 354.5K | $9.3M | 0.3% | New |
| COYA COYA THERAPEUTICS INC | Healthcare | 2.3M | $9.2M | 0.3% | +15.3% |
| IMVT IMMUNOVANT INC | Healthcare | 93.5K | $2.3M | 0.1% | New |
| GPRO GOPRO INC-CLASS A | Other | 1.7M | $1.3M | 0.0% | Held |
| GANX GAIN THERAPEUTICS INC | Healthcare | 566.1K | $1.1M | 0.0% | Held |
| NUVB NUVATION BIO INC | Healthcare | 35.0K | $150K | 0.0% | Held |
| KPLT Katapult Holdings, Inc. | Services media | 262.2K | $603 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 92 | $3.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 84 | $2.85B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 72 | $2.54B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 69 | $2.33B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 68 | $1.97B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 74 | $1.94B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 79 | $2.40B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 81 | $2.04B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 84 | $2.18B | canonical | SEC ↗ |
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