GENERAL ATLANTIC, L.P.

Fundamental concentrated ★Highest signal CIK 1017645
League rank
#488
in Fundamental concentrated · #1779 overall
Long book
$2.15B
Q1 2026
Positions
12
Top-10 weight
100%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
8%
of book per quarter

Strategy in plain words

auto-generated from filings

GENERAL ATLANTIC, L.P. is a concentrated fundamental stock-picker, running a $2.15B US long book across 12 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: DLOCAL LTD, CHIME FINANCIAL INC-CL A, XP INC - CLASS A, ALKAMI TECHNOLOGY INC, PHARVARIS NV.

Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 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
-17.4%
Q2 2024
+13.7%
Q3 2024
+3.8%
Q4 2024
+8.4%
Q1 2025
+7.8%
Q2 2025
+1.7%
Q3 2025
+4.8%
Q4 2025
-8.1%
Q1 2026
+14.6%

Sector allocation

Financials
38%
Services media
30%
Healthcare
17%
Technology
11%
Other
4%
Consumer discretionary
0%

Long book by quarter

$4.31B
Q1 2024
$3.18B
Q2 2024
$3.52B
Q3 2024
$2.81B
Q4 2024
$2.98B
Q1 2025
$3.63B
Q2 2025
$3.33B
Q3 2025
$2.87B
Q4 2025
$2.15B
Q1 2026

What does GENERAL ATLANTIC, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DLO DLOCAL LTDServices media46.7M$605.1M28.2%Held
CHYM CHIME FINANCIAL INC-CL AFinancials21.3M$398.2M18.5%Held
XP XP INC - CLASS AFinancials20.6M$391.6M18.2%-9.4%
ALKT ALKAMI TECHNOLOGY INCTechnology15.3M$240.3M11.2%+27.9%
PHVS PHARVARIS NVHealthcare8.0M$226.9M10.6%Held
EWCZ EUROPEAN WAX CENTER INC-A13.1M$75.8M3.5%Held
RVMD REVOLUTION MEDICINES INCHealthcare707.8K$68.8M3.2%-74.8%
NRIX NURIX THERAPEUTICS INCHealthcare4.1M$63.6M3.0%-16.2%
RSKD RISKIFIED LTD-AServices media5.3M$20.9M1.0%Held
GROV GROVE COLLABORATIVE HOLDINGSConsumer discretionary2.5M$3.2M0.1%Held
BULL WEBULL CORPFinancials50.8K$244K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202612$2.15B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613$2.87B canonicalSEC ↗
Q3 202513F-HRNov 13, 202516$3.33B canonicalSEC ↗
Q2 202513F-HRAug 14, 202515$3.63B canonicalSEC ↗
Q1 202513F-HRMay 14, 202515$2.98B canonicalSEC ↗
Q4 202413F-HRFeb 7, 202516$2.81B canonicalSEC ↗
Q3 202413F-HRNov 12, 202418$3.52B canonicalSEC ↗
Q2 202413F-HRAug 14, 202419$3.18B canonicalSEC ↗
Q1 202413F-HRMay 15, 202422$4.31B canonicalSEC ↗