General Equity Holdings LP
Long book
$134.7M
Q1 2026
Positions
11
Top-10 weight
99%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsGeneral Equity Holdings LP is a concentrated fundamental stock-picker, specialised in consumer_discretionary (68% of the long book), running a $134.7M US long book across 11 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: CARVANA CO, APPLOVIN CORP-CLASS A, SEA LTD-ADR, NU HOLDINGS LTD/CAYMAN ISL-A, ONEWATER MARINE INC-CL A.
Over the last 9 quarters its long book ran on average 10.2pp per quarter ahead of the S&P 500, beating the index in 7 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
+31.7%
Q2 2024
+26.7%
Q3 2024
+14.9%
Q4 2024
+3.3%
Q1 2025
+52.0%
Q2 2025
+7.4%
Q3 2025
+3.2%
Q4 2025
-24.3%
Q1 2026
+17.0%
Sector allocation
Consumer discretionary 73%
Technology 12%
Financials 10%
Services media 4%
Long book by quarter
What does General Equity own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CVNA CARVANA CO | Consumer discretionary | 248.6K | $78.2M | 58.0% | +17.2% |
| APP APPLOVIN CORP-CLASS A | Technology | 35.6K | $14.2M | 10.5% | +474.5% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 522.4K | $7.5M | 5.6% | -10.6% |
| ONEW ONEWATER MARINE INC-CL A | Consumer discretionary | 634.4K | $6.0M | 4.4% | +12.5% |
| DASH DOORDASH INC - A | Services media | 21.4K | $3.2M | 2.4% | +13.2% |
| OSCR OSCAR HEALTH INC - CLASS A | Financials | 240.0K | $2.8M | 2.0% | -2.0% |
| FTAI FTAI AVIATION LTD | Services media | 8.0K | $2.0M | 1.5% | -64.1% |
| AFRM AFFIRM HOLDINGS INC | Financials | 39.3K | $1.8M | 1.3% | New |
| STKS ONE GROUP HOSPITALITY INC/TH | Consumer discretionary | 649.1K | $1.2M | 0.9% | +9.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $134.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 12 | $160.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 12 | $164.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2025 | 10 | $132.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 6 | $110.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 6 | $127.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 6 | $143.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 5 | $163.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 4 | $120.4M | canonical | SEC ↗ |