GCM Grosvenor Holdings, LLC
Long book
$901.2M
Q1 2026
Positions
22
Top-10 weight
92%
concentration
Last quarter
-7.6%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsGCM Grosvenor Holdings, LLC is a concentrated fundamental stock-picker, running a $901.2M US long book across 22 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: KARMAN HOLDINGS INC, CONSTELLATION ENERGY, MAPLEBEAR INC, SHENANDOAH TELECOMMUNICATION, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 4.1pp 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
-6.8%
Q2 2024
+11.7%
Q3 2024
+2.3%
Q4 2024
-3.6%
Q1 2025
+12.4%
Q2 2025
-10.5%
Q3 2025
+5.9%
Q4 2025
-0.6%
Q1 2026
-7.6%
Sector allocation
Industrials 32%
Utilities 30%
Services media 20%
Communications 7%
Consumer discretionary 5%
Other 2%
Financials 2%
Healthcare 1%
Long book by quarter
What does GCM Grosvenor own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KRMN KARMAN HOLDINGS INC | Industrials | 3.3M | $265.7M | 29.5% | Held |
| CEG CONSTELLATION ENERGY | Utilities | 878.0K | $245.2M | 27.2% | New |
| CART MAPLEBEAR INC | Services media | 4.1M | $155.1M | 17.2% | Held |
| SHEN SHENANDOAH TELECOMMUNICATION | Communications | 4.1M | $63.5M | 7.0% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 127.9K | $26.6M | 3.0% | -26.9% |
| OTF BLUE OWL TECHNOLOGY FINANCE | — | 1.4M | $17.5M | 1.9% | +228.2% |
| CLH CLEAN HARBORS INC | Utilities | 53.8K | $15.4M | 1.7% | -26.9% |
| VIK VIKING HOLDINGS LTD | Industrials | 158.4K | $11.6M | 1.3% | -26.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 101.8K | $9.6M | 1.1% | -26.9% |
| NTRA NATERA INC | Healthcare | 36.3K | $7.3M | 0.8% | -26.9% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 139.4K | $6.9M | 0.8% | -26.9% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 31.0K | $6.1M | 0.7% | -26.9% |
| TRU TRANSUNION | Services media | 87.5K | $6.1M | 0.7% | -26.9% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 403.4K | $5.8M | 0.6% | -26.9% |
| AER AERCAP HOLDINGS NV | Services media | 39.2K | $5.4M | 0.6% | -26.9% |
| ELV ELEVANCE HEALTH INC | Financials | 17.0K | $5.0M | 0.6% | -26.9% |
| LPX LOUISIANA-PACIFIC CORP | Other | 46.0K | $3.3M | 0.4% | -26.9% |
| BRSL BRIGHTSTAR LOTTERY PLC | Services media | 189.9K | $2.4M | 0.3% | -26.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 22 | $901.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $704.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 22 | $657.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 19 | $697.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 19 | $646.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 18 | $699.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 24 | $657.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 22 | $682.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 21 | $655.7M | canonical | SEC ↗ |
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