FERNBRIDGE CAPITAL MANAGEMENT LP
Long book
$1.56B
Q1 2026
Positions
17
Top-10 weight
87%
concentration
Last quarter
-4.2%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsFERNBRIDGE CAPITAL MANAGEMENT LP is a concentrated fundamental stock-picker, specialised in technology (62% of the long book), running a $1.56B US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SALESFORCE INC, INTUIT INC, PTC INC, WORKDAY INC-CLASS A, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 4.8pp per quarter behind the S&P 500, beating the index in 3 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
-2.0%
Q2 2024
+6.7%
Q3 2024
+7.5%
Q4 2024
-5.5%
Q1 2025
+16.4%
Q2 2025
+1.5%
Q3 2025
-2.7%
Q4 2025
-20.4%
Q1 2026
-4.2%
Sector allocation
Technology 62%
Services media 15%
Consumer discretionary 11%
Industrials 6%
Financials 3%
Communications 2%
Other 2%
Long book by quarter
What does FERNBRIDGE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRM SALESFORCE INC | Technology | 1.9M | $360.2M | 23.1% | +9.7% |
| INTU INTUIT INC | Technology | 499.1K | $215.8M | 13.8% | +429.2% |
| PTC PTC INC | Technology | 1.3M | $184.6M | 11.8% | +5.7% |
| WDAY WORKDAY INC-CLASS A | Technology | 1.1M | $143.3M | 9.2% | -21.6% |
| V VISA INC-CLASS A SHARES | Services media | 380.3K | $114.9M | 7.4% | +57.3% |
| TTEK TETRA TECH INC | Services media | 3.4M | $102.4M | 6.6% | +10.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 362.2K | $75.4M | 4.8% | -62.3% |
| XYL XYLEM INC | Industrials | 536.8K | $64.1M | 4.1% | +62.4% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 1.2M | $57.9M | 3.7% | -24.2% |
| AVGO BROADCOM INC | Technology | 148.7K | $46.0M | 2.9% | New |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 230.6K | $42.1M | 2.7% | -9.4% |
| PFGC PERFORMANCE FOOD GROUP CO | Consumer discretionary | 400.6K | $34.3M | 2.2% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 67.7K | $32.8M | 2.1% | -10.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 7.3K | $30.9M | 2.0% | -30.9% |
| LPX LOUISIANA-PACIFIC CORP | Other | 405.1K | $29.5M | 1.9% | -55.0% |
| APP APPLOVIN CORP-CLASS A | Technology | 34.6K | $13.8M | 0.9% | -18.0% |
| DASH DOORDASH INC - A | Services media | 83.1K | $12.5M | 0.8% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 17 | $1.56B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 20 | $2.04B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 24 | $2.05B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 24 | $2.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 17 | $1.80B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 22 | $1.91B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 23 | $1.63B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 22 | $1.50B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 19 | $1.30B | canonical | SEC ↗ |