ENTRUST GLOBAL PARTNERS L L C

Fundamental diversified ★Signal CIK 1080818
Long book
$455.5M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+20.9%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

ENTRUST GLOBAL PARTNERS L L C is a diversified fundamental manager, running a $455.5M US long book across 5 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: DEUTSCHE BANK AG-REGISTERED, FLYEXCLUSIVE INC, STUBHUB HOLDINGS INC-CLASS A, HASBRO INC, EG ACQUISITION CORP-A -CW28.

Over the last 9 quarters its long book ran on average 1.2pp 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
-7.6%
Q2 2024
+1.9%
Q3 2024
-4.4%
Q4 2024
+2.0%
Q1 2025
+0.5%
Q2 2025
+49.9%
Q3 2025
-8.5%
Q4 2025
-24.7%
Q1 2026
+20.9%

Sector allocation

Other
81%
Industrials
12%
Services media
7%

Long book by quarter

$214.2M
Q1 2024
$251.0M
Q2 2024
$146.2M
Q3 2024
$126.7M
Q4 2024
$491.9M
Q1 2025
$541.3M
Q2 2025
$998.9M
Q3 2025
$492.9M
Q4 2025
$455.5M
Q1 2026

What does ENTRUST GLOBAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DBK DEUTSCHE BANK AG-REGISTERED12.1M$352.4M77.4%Held
FLYX FLYEXCLUSIVE INCIndustrials24.2M$54.7M12.0%Held
STUB STUBHUB HOLDINGS INC-CLASS AServices media4.9M$30.3M6.6%New
HAS HASBRO INCOther192.4K$18.0M4.0%-69.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20266$455.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20265$492.9M canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSFeb 17, 20267$499.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 20256$499.3M canonicalSEC ↗
Q2 202513F-HRAug 14, 20256$541.3M canonicalSEC ↗
Q1 202513F-HR/ARESTATEMENTMay 19, 20256$491.9M canonicalSEC ↗
Q1 202513F-HRMay 15, 20256$517.5M SEC ↗
Q4 202413F-HR/ANEW HOLDINGSAug 19, 20252$43.9M canonicalSEC ↗
Q4 202413F-HRFeb 13, 20253$82.8M canonicalSEC ↗
Q3 202413F-HR/ANEW HOLDINGSAug 19, 20252$41.6M canonicalSEC ↗
Q3 202413F-HRNov 13, 20245$104.6M canonicalSEC ↗
Q2 202413F-HR/ANEW HOLDINGSAug 19, 20252$56.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 20247$194.7M canonicalSEC ↗
Q1 202413F-HR/ANEW HOLDINGSAug 19, 20252$60.3M canonicalSEC ↗
Q1 202413F-HRMay 9, 20245$153.9M canonicalSEC ↗