Gobi Capital LLC

Fundamental concentrated ★Highest signal CIK 1698060
League rank
#553
in Fundamental concentrated · #2628 overall
Long book
$1.71B
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

Gobi Capital LLC is a concentrated fundamental stock-picker, running a $1.71B US long book across 10 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: META PLATFORMS INC-CLASS A, ALPHABET INC-CL C, NETFLIX INC, CREDIT ACCEPTANCE CORP, MSCI INC.

Over the last 9 quarters its long book ran on average 1pp 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
+4.1%
Q2 2024
+6.8%
Q3 2024
+2.7%
Q4 2024
+0.6%
Q1 2025
+12.8%
Q2 2025
+2.3%
Q3 2025
-2.7%
Q4 2025
-8.4%
Q1 2026
+13.0%

Sector allocation

Technology
44%
Financials
21%
Services media
20%
Industrials
8%
Healthcare
7%

Long book by quarter

$1.60B
Q1 2024
$1.58B
Q2 2024
$1.74B
Q3 2024
$1.70B
Q4 2024
$1.76B
Q1 2025
$2.02B
Q2 2025
$2.06B
Q3 2025
$2.00B
Q4 2025
$1.71B
Q1 2026

What does Gobi Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
META META PLATFORMS INC-CLASS ATechnology702.1K$401.7M23.5%Held
GOOG ALPHABET INC-CL CTechnology864.3K$247.9M14.5%-15.9%
NFLX NETFLIX INCServices media2.1M$199.2M11.6%+32.4%
CACC CREDIT ACCEPTANCE CORPFinancials358.1K$151.6M8.9%Held
MSCI MSCI INCServices media256.6K$138.3M8.1%Held
HEI/A HEICO CORP-CLASS AIndustrials611.5K$129.1M7.5%-6.3%
HCA HCA HEALTHCARE INCHealthcare262.2K$124.1M7.2%-35.1%
KARO KAROOOOO LTDTechnology2.2M$109.7M6.4%Held
BRO BROWN & BROWN INCFinancials1.6M$105.7M6.2%+13.5%
UNH UNITEDHEALTH GROUP INCFinancials386.4K$104.5M6.1%-5.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202611$1.80B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613$2.06B canonicalSEC ↗
Q3 202513F-HRNov 14, 202512$2.06B canonicalSEC ↗
Q2 202513F-HRAug 14, 202512$2.02B canonicalSEC ↗
Q1 202513F-HRMay 15, 202511$1.76B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202510$1.70B canonicalSEC ↗
Q3 202413F-HRNov 14, 202410$1.74B canonicalSEC ↗
Q2 202413F-HRAug 14, 202410$1.58B canonicalSEC ↗
Q1 202413F-HRMay 15, 202411$1.60B canonicalSEC ↗