GRIZZLYROCK CAPITAL, LLC

Fundamental concentrated ★Highest signal CIK 2011732
League rank
#405
in Fundamental concentrated · #1057 overall
Long book
$126.3M
Q1 2026
Positions
18
Top-10 weight
87%
concentration
Last quarter
+16.8%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

GRIZZLYROCK CAPITAL, LLC is a concentrated fundamental stock-picker, running a $126.3M US long book across 18 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: FERROGLOBE PLC, DRIVEN BRANDS HOLDINGS INC, MAGNITE INC, AMN HEALTHCARE SERVICES INC, OLIN CORP.

Over the last 9 quarters its long book ran on average 3.4pp per quarter behind the S&P 500, beating the index in 3 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
-5.3%
Q2 2024
+4.0%
Q3 2024
-2.0%
Q4 2024
-12.2%
Q1 2025
+18.9%
Q2 2025
-1.8%
Q3 2025
-4.7%
Q4 2025
-3.7%
Q1 2026
+16.8%

Sector allocation

Services media
35%
Materials
22%
Technology
13%
Financials
9%
Real estate
7%
Industrials
5%
Consumer discretionary
5%
Healthcare
2%

Long book by quarter

$121.9M
Q1 2024
$120.3M
Q2 2024
$116.0M
Q3 2024
$95.8M
Q4 2024
$110.3M
Q1 2025
$133.0M
Q2 2025
$128.8M
Q3 2025
$133.6M
Q4 2025
$126.3M
Q1 2026

What does GRIZZLYROCK CAPITAL, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GSM FERROGLOBE PLCMaterials3.6M$15.0M11.8%-11.0%
DRVN DRIVEN BRANDS HOLDINGS INCServices media1.2M$14.8M11.7%+124.9%
MGNI MAGNITE INCTechnology1.2M$14.7M11.7%+116.6%
AMN AMN HEALTHCARE SERVICES INCServices media725.0K$13.3M10.5%+30.5%
OLN OLIN CORPMaterials445.1K$13.2M10.5%+164.9%
EEFT EURONET WORLDWIDE INCFinancials166.8K$11.1M8.8%+32.1%
REAX REAL BROKERAGE INC/THEReal estate3.6M$9.1M7.2%New
AMTM AMENTUM HOLDINGS INCServices media289.1K$7.5M6.0%+1.4%
XPOF XPONENTIAL FITNESS INC-AServices media994.6K$6.0M4.7%+2.1%
RYZ RYERSON HOLDING CORPConsumer discretionary260.0K$5.8M4.6%-5.3%
JBI JANUS INTERNATIONAL GROUP INIndustrials627.0K$3.2M2.6%+124.9%
GLNG GOLAR LNG LTDIndustrials58.0K$3.1M2.5%+65.7%
ACVA ACV AUCTIONS INC-AServices media731.3K$3.1M2.5%-12.9%
LFCR LIFECORE BIOMEDICAL INCHealthcare827.5K$3.1M2.4%+11.3%
GEL GENESIS ENERGY L.P.Energy72.5K$1.3M1.0%-88.5%
AIOT POWERFLEET INCTechnology401.4K$1.2M1.0%New
EFXT ENERFLEX LTDIndustrials24.0K$502K0.4%New
OEC ORION SAOther39.5K$257K0.2%-78.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202618$126.3M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202622$133.6M canonicalSEC ↗
Q3 202513F-HRNov 14, 202523$128.8M canonicalSEC ↗
Q2 202513F-HRAug 14, 202522$146.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 202521$110.3M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202517$95.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202418$116.0M canonicalSEC ↗
Q2 202413F-HRAug 14, 202420$120.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202421$122.1M canonicalSEC ↗