Estuary Capital Management LP
Long book
$597.7M
Q1 2026
Positions
22
Top-10 weight
61%
concentration
Last quarter
+44.0%
SPY +14.8%
Turnover
64%
of book per quarter
Strategy in plain words
auto-generated from filingsEstuary Capital Management LP is a concentrated fundamental stock-picker, running a $597.7M US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CREDO TECHNOLOGY GROUP HOLDI, ORACLE CORP, BLUE OWL CAPITAL INC, COHERENT CORP, LUMENTUM HOLDINGS INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of 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
-6.0%
Q2 2024
-6.6%
Q3 2024
+5.7%
Q4 2024
-1.5%
Q1 2025
+3.3%
Q2 2025
+7.9%
Q3 2025
+2.5%
Q4 2025
-3.2%
Q1 2026
+44.0%
Sector allocation
Technology 49%
Financials 19%
Services media 11%
Consumer discretionary 9%
Other 6%
Industrials 5%
Long book by quarter
What does Estuary Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 412.2K | $38.7M | 6.5% | +87.4% |
| ORCL ORACLE CORP | Technology | 262.5K | $38.6M | 6.5% | New |
| OWL BLUE OWL CAPITAL INC | Financials | 4.2M | $38.3M | 6.4% | +338.9% |
| COHR COHERENT CORP | Other | 155.7K | $37.1M | 6.2% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 52.7K | $37.1M | 6.2% | New |
| ARES ARES MANAGEMENT CORP - A | Financials | 328.4K | $35.8M | 6.0% | New |
| AAP ADVANCE AUTO PARTS INC | Consumer discretionary | 677.6K | $35.7M | 6.0% | -28.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 169.7K | $34.5M | 5.8% | +0.1% |
| NVDA NVIDIA CORP | Technology | 189.0K | $33.0M | 5.5% | -2.7% |
| AVGO BROADCOM INC | Technology | 106.4K | $32.9M | 5.5% | +1.6% |
| GPN GLOBAL PAYMENTS INC | Services media | 475.4K | $32.0M | 5.4% | +6.4% |
| FOXF FOX FACTORY HOLDING CORP | Industrials | 1.8M | $29.9M | 5.0% | +15.3% |
| ICFI ICF INTERNATIONAL INC | Services media | 452.8K | $29.6M | 4.9% | +16.2% |
| DAVE DAVE INC | Financials | 118.1K | $20.6M | 3.4% | New |
| META META PLATFORMS INC-CLASS A | Technology | 35.4K | $20.2M | 3.4% | New |
| KKR KKR & CO INC | Financials | 217.4K | $20.1M | 3.4% | New |
| MSFT MICROSOFT CORP | Technology | 54.2K | $20.1M | 3.4% | -27.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 96.4K | $20.1M | 3.4% | -39.3% |
| ALAB ASTERA LABS INC | Technology | 171.0K | $18.7M | 3.1% | New |
| HNGE HINGE HEALTH INC-A | Technology | 394.2K | $15.2M | 2.5% | New |
| FA FIRST ADVANTAGE CORP | Technology | 557.7K | $6.6M | 1.1% | New |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 64.8K | $2.9M | 0.5% | -80.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $597.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 23 | $562.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 16 | $563.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 13 | $513.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $412.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $342.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $372.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 17 | $310.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 16 | $246.1M | canonical | SEC ↗ |
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