Fund 1 Investments, LLC
Long book
$768.3M
Q1 2026
Positions
62
Top-10 weight
64%
concentration
Last quarter
+19.7%
SPY +14.8%
Turnover
66%
of book per quarter
Strategy in plain words
auto-generated from filingsFund 1 Investments, LLC is a concentrated fundamental stock-picker, running a $768.3M US long book across 62 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CITI TRENDS INC, JUMIA TECHNOLOGIES AG-ADR, CELSIUS HOLDINGS INC, VF CORP, REDDIT INC-CL A.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind 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
-0.7%
Q2 2024
-2.3%
Q3 2024
+10.4%
Q4 2024
-18.7%
Q1 2025
+5.5%
Q2 2025
+11.0%
Q3 2025
+5.7%
Q4 2025
-6.3%
Q1 2026
+19.7%
Sector allocation
Consumer discretionary 47%
Other 16%
Technology 12%
Consumer staples 8%
Utilities 6%
Healthcare 4%
Services media 3%
Industrials 2%
Long book by quarter
What does Fund 1 own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CTRN CITI TRENDS INC | Consumer discretionary | 2.6M | $111.5M | 14.5% | Held |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 1.6M | $55.8M | 7.3% | +33.5% |
| VFC VF CORP | Other | 2.9M | $48.5M | 6.3% | +393.0% |
| RDDT REDDIT INC-CL A | Technology | 327.4K | $44.1M | 5.7% | +147.7% |
| TLYS TILLY'S INC-CLASS A SHRS | Consumer discretionary | 8.1M | $32.6M | 4.2% | Held |
| CPNG COUPANG INC | Consumer discretionary | 1.7M | $31.5M | 4.1% | +2936.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 146.8K | $30.6M | 4.0% | +68.7% |
| NVRI ENVIRI CORP | Utilities | 1.5M | $29.5M | 3.8% | -65.0% |
| BBWI BATH & BODY WORKS INC | Consumer discretionary | 1.3M | $23.7M | 3.1% | +277.5% |
| APP APPLOVIN CORP-CLASS A | Technology | 50.0K | $19.9M | 2.6% | New |
| CURV TORRID HOLDINGS INC | Consumer discretionary | 9.7M | $17.3M | 2.3% | -1.8% |
| FNKO FUNKO INC-CLASS A | Other | 5.4M | $16.9M | 2.2% | +2.2% |
| FLWS 1-800-FLOWERS.COM INC-CL A | Consumer discretionary | 5.4M | $16.3M | 2.1% | Held |
| SHOO STEVEN MADDEN LTD | Other | 459.7K | $15.6M | 2.0% | New |
| GLNG GOLAR LNG LTD | Industrials | 236.3K | $12.8M | 1.7% | New |
| GCO GENESCO INC | Consumer discretionary | 425.3K | $12.3M | 1.6% | -56.9% |
| AVBP ARRIVENT BIOPHARMA INC | Healthcare | 500.0K | $11.5M | 1.5% | -11.6% |
| TLN TALEN ENERGY CORP | Utilities | 35.0K | $11.2M | 1.5% | +89.2% |
| WW WW INTERNATIONAL INC-NEW | Services media | 779.6K | $10.7M | 1.4% | +4596.6% |
| BJRI BJ'S RESTAURANTS INC | Consumer discretionary | 289.3K | $10.2M | 1.3% | +2069.2% |
| DVA DAVITA INC | Healthcare | 54.3K | $8.3M | 1.1% | New |
| JILL J. JILL INC | Other | 675.3K | $7.7M | 1.0% | +25.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 34.5K | $7.0M | 0.9% | -60.4% |
| SFIX STITCH FIX INC-CLASS A | Consumer discretionary | 2.0M | $6.5M | 0.8% | +36.6% |
| ROST ROSS STORES INC | Consumer discretionary | 29.0K | $6.3M | 0.8% | New |
| CROX CROCS INC | Other | 75.0K | $6.2M | 0.8% | New |
| ETD ETHAN ALLEN INTERIORS INC | Other | 254.8K | $5.7M | 0.7% | New |
| LOCO EL POLLO LOCO HOLDINGS INC | Consumer discretionary | 407.3K | $5.6M | 0.7% | -45.3% |
| DAVE DAVE INC | Financials | 30.2K | $5.3M | 0.7% | New |
| PLAY DAVE & BUSTER'S ENTERTAINMEN | Consumer discretionary | 383.2K | $4.2M | 0.5% | -15.6% |
| NVDA NVIDIA CORP | Technology | 23.0K | $4.0M | 0.5% | New |
| DXLG DESTINATION XL GROUP INC | Consumer discretionary | 5.8M | $2.9M | 0.4% | Held |
| VRA VERA BRADLEY INC | Other | 795.0K | $2.5M | 0.3% | New |
| U UNITY SOFTWARE INC | Technology | 102.3K | $2.2M | 0.3% | New |
| ICLR ICON PLC | Healthcare | 19.5K | $2.2M | 0.3% | New |
| SPGI S&P GLOBAL INC | Services media | 5.0K | $2.1M | 0.3% | New |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 65.0K | $2.1M | 0.3% | +62.5% |
| DKNG DRAFTKINGS INC-CL A | Services media | 95.9K | $2.1M | 0.3% | New |
| CPRI CAPRI HOLDINGS LTD | Other | 113.6K | $2.0M | 0.3% | New |
| MU MICRON TECHNOLOGY INC | Technology | 5.0K | $1.7M | 0.2% | -88.6% |
| CVS CVS HEALTH CORP | Healthcare | 22.8K | $1.6M | 0.2% | New |
| ADUS ADDUS HOMECARE CORP | Healthcare | 16.3K | $1.5M | 0.2% | New |
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 37.1K | $1.3M | 0.2% | New |
| SGHC SUPER GROUP SGHC LTD | Services media | 115.0K | $1.2M | 0.2% | New |
| PUMP PROPETRO HOLDING CORP | Energy | 65.1K | $939K | 0.1% | New |
| TDG TRANSDIGM GROUP INC | Industrials | 800 | $927K | 0.1% | New |
| CORZ CORE SCIENTIFIC INC | Financials | 60.5K | $904K | 0.1% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.3K | $882K | 0.1% | New |
| WAY WAYSTAR HOLDING CORP | Technology | 3.3K | $843K | 0.1% | New |
| WOLF WOLFSPEED INC | Technology | 50.0K | $816K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 66 | $872.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 53 | $817.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 58 | $900.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 59 | $1.24B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 62 | $2.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 70 | $1.16B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 67 | $1.07B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 63 | $923.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 46 | $929.8M | canonical | SEC ↗ |
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