FOURSIXTHREE CAPITAL LP
Long book
$203.4M
Q1 2026
Positions
14
Top-10 weight
99%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsFOURSIXTHREE CAPITAL LP is a concentrated fundamental stock-picker, running a $203.4M US long book across 14 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: VISTANCE NETWORKS INC, TELEPHONE AND DATA SYSTEMS, HOLOGIC INC, USA TODAY CO INC, ECHOSTAR CORP-A.
Over the last 6 quarters its long book ran on average 16.2pp per quarter ahead of the S&P 500, beating the index in 5 of 6 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
Q4 2024
+6.4%
Q1 2025
+22.3%
Q2 2025
+43.2%
Q3 2025
+37.9%
Q4 2025
+2.2%
Q1 2026
+12.9%
Sector allocation
Technology 33%
Communications 32%
Other 20%
Services media 6%
Materials 6%
Real estate 3%
Long book by quarter
What does FOURSIXTHREE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VISN VISTANCE NETWORKS INC | Technology | 3.0M | $55.3M | 27.2% | +53.2% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 940.9K | $39.6M | 19.5% | -22.2% |
| HO1 HOLOGIC INC | — | 309.8K | $23.4M | 11.5% | New |
| TDAY USA TODAY CO INC | Other | 2.3M | $16.3M | 8.0% | +1.5% |
| ECHO ECHOSTAR CORP-A | Communications | 138.0K | $16.2M | 7.9% | -75.1% |
| CAR AVIS BUDGET GROUP INC | Services media | 90.0K | $13.1M | 6.5% | New |
| METC RAMACO RESOURCES INC-A | Materials | 811.8K | $12.5M | 6.2% | +154.3% |
| PPLI PEOPLE INC | Technology | 274.6K | $11.0M | 5.4% | New |
| IHRT IHEARTMEDIA INC - CLASS A | Communications | 2.6M | $7.6M | 3.7% | Held |
| STHO STAR HOLDINGS | Real estate | 883.9K | $6.7M | 3.3% | Held |
| OPTU OPTIMUM COMMUNICATIONS INC-A | Communications | 1.3M | $1.7M | 0.8% | -71.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 18 | $268.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 17 | $257.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 17 | $363.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 19 | $286.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 20 | $362.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 25 | $287.8M | canonical | SEC ↗ |
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