Gavilan Investment Partners LLC

Fundamental concentrated ★Highest signal CIK 1963404
League rank
#864
in Fundamental concentrated · #7024 overall
Long book
$372.3M
Q1 2026
Positions
14
Top-10 weight
80%
concentration
Last quarter
+5.2%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

Gavilan Investment Partners LLC is a concentrated fundamental stock-picker, running a $372.3M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: AMAZON.COM INC, META PLATFORMS INC-CLASS A, MERCADOLIBRE INC, CARVANA CO, COUPANG INC.

Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 5 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
+5.1%
Q2 2024
+12.8%
Q3 2024
+3.9%
Q4 2024
+2.6%
Q1 2025
+22.0%
Q2 2025
+3.5%
Q3 2025
-4.4%
Q4 2025
-14.1%
Q1 2026
+5.2%

Sector allocation

Technology
33%
Consumer discretionary
28%
Services media
25%
Industrials
7%
Communications
6%

Long book by quarter

$307.2M
Q1 2024
$315.0M
Q2 2024
$348.1M
Q3 2024
$360.6M
Q4 2024
$355.5M
Q1 2025
$416.1M
Q2 2025
$447.6M
Q3 2025
$416.4M
Q4 2025
$372.3M
Q1 2026

What does Gavilan Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary230.0K$47.9M12.9%Held
META META PLATFORMS INC-CLASS ATechnology61.0K$34.9M9.4%Held
MELI MERCADOLIBRE INCServices media19.5K$33.7M9.1%Held
CVNA CARVANA COConsumer discretionary92.0K$28.9M7.8%+7.0%
CPNG COUPANG INCConsumer discretionary1.5M$27.7M7.4%+5.0%
SHOP SHOPIFY INC - CLASS ATechnology230.0K$27.3M7.3%Held
ASML ASML HOLDING NV-NY REG SHSIndustrials19.5K$25.8M6.9%-37.1%
MA MASTERCARD INC - AServices media49.5K$24.7M6.6%+6.5%
SPOT SPOTIFY TECHNOLOGY SACommunications49.5K$24.0M6.4%+23.8%
GWRE GUIDEWIRE SOFTWARE INCTechnology149.5K$22.4M6.0%+30.0%
PCOR PROCORE TECHNOLOGIES INCTechnology385.0K$21.9M5.9%-8.3%
V VISA INC-CLASS A SHARESServices media63.0K$19.0M5.1%Held
RBLX ROBLOX CORP -CLASS ATechnology310.0K$17.5M4.7%New
UBER UBER TECHNOLOGIES INCServices media230.0K$16.5M4.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202614$372.3M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202613$416.4M canonicalSEC ↗
Q3 202513F-HRNov 13, 202513$447.6M canonicalSEC ↗
Q2 202513F-HRAug 13, 202512$416.1M canonicalSEC ↗
Q1 202513F-HRMay 14, 202513$355.5M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202513$360.6M canonicalSEC ↗
Q3 202413F-HRNov 13, 202413$348.1M canonicalSEC ↗
Q2 202413F-HRAug 13, 202413$315.0M canonicalSEC ↗
Q1 202413F-HRMay 15, 202413$307.2M canonicalSEC ↗