GARNET EQUITY CAPITAL HOLDINGS, INC.
Long book
$176.0M
Q1 2026
Positions
19
Top-10 weight
81%
concentration
Last quarter
+27.5%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsGARNET EQUITY CAPITAL HOLDINGS, INC. is a concentrated fundamental stock-picker, running a $176.0M US long book across 19 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: FTAI AVIATION LTD, TALEN ENERGY CORP, TURTLE BEACH CORP, ESTABLISHMENT LABS HOLDINGS, NETGEAR INC.
Over the last 9 quarters its long book ran on average 3.1pp per quarter ahead of the S&P 500, beating the index in 6 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
+1.8%
Q2 2024
-0.9%
Q3 2024
+5.9%
Q4 2024
+0.1%
Q1 2025
+27.2%
Q2 2025
+11.3%
Q3 2025
-6.0%
Q4 2025
+1.0%
Q1 2026
+27.5%
Sector allocation
Services media 19%
Industrials 18%
Technology 17%
Utilities 17%
Healthcare 12%
Communications 8%
Materials 7%
Energy 2%
Long book by quarter
What does GARNET EQUITY own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FTAI FTAI AVIATION LTD | Services media | 90.0K | $22.1M | 12.5% | -24.4% |
| TLN TALEN ENERGY CORP | Utilities | 64.5K | $20.6M | 11.7% | Held |
| TBCH TURTLE BEACH CORP | Technology | 1.5M | $15.4M | 8.7% | Held |
| ESTA ESTABLISHMENT LABS HOLDINGS | Healthcare | 264.4K | $15.0M | 8.5% | +32.8% |
| NTGR NETGEAR INC | Technology | 620.6K | $13.6M | 7.7% | +19.0% |
| ATEX ANTERIX INC | Communications | 343.5K | $13.1M | 7.5% | -13.6% |
| GLNG GOLAR LNG LTD | Industrials | 219.5K | $11.9M | 6.7% | -42.9% |
| GRPN GROUPON INC | Services media | 958.7K | $11.4M | 6.5% | Held |
| AZ A2Z CUST2MATE SOLUTIONS CORP | Industrials | 1.5M | $10.0M | 5.7% | +0.7% |
| FIP FTAI INFRASTRUCTURE INC | Industrials | 2.0M | $9.7M | 5.5% | -0.2% |
| CCJ CAMECO CORP | Materials | 75.6K | $8.2M | 4.7% | -0.1% |
| HNRG HALLADOR ENERGY CO | Utilities | 432.5K | $7.0M | 4.0% | +20.9% |
| SNDA SONIDA SENIOR LIVING INC | Healthcare | 191.9K | $6.2M | 3.5% | New |
| CLMT CALUMET INC | Energy | 100.7K | $3.6M | 2.1% | -9.8% |
| NXE NEXGEN ENERGY LTD | Materials | 220.0K | $2.6M | 1.4% | -12.0% |
| NFE NEW FORTRESS ENERGY INC | Utilities | 1.9M | $1.1M | 0.7% | Held |
| UEC URANIUM ENERGY CORP | Materials | 85.0K | $1.1M | 0.7% | -15.3% |
| MTCH MATCH GROUP INC | Technology | 29.7K | $912K | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $642.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 26 | $763.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 28 | $269.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 28 | $423.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 24 | $988.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 26 | $694.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 28 | $344.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 27 | $180.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 29 | $453.8M | canonical | SEC ↗ |
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