Groupe Bruxelles Lambert
Long book
$240.0M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
-12.6%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsGroupe Bruxelles Lambert is a diversified fundamental manager, specialised in services_media (100% of the long book), running a $240.0M US long book across 1 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: CONCENTRIX CORP.
Over the last 9 quarters its long book ran on average 13.4pp per quarter behind the S&P 500, beating the index in 1 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
-3.9%
Q2 2024
-18.6%
Q3 2024
-15.0%
Q4 2024
+29.4%
Q1 2025
-4.4%
Q2 2025
-12.2%
Q3 2025
-9.2%
Q4 2025
-33.6%
Q1 2026
-12.6%
Sector allocation
Services media 100%
Long book by quarter
What does Groupe Bruxelles own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CNXC CONCENTRIX CORP | Services media | 8.8M | $240.0M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 1 | $240.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 1 | $364.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 17, 2025 | 1 | $404.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 1 | $463.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 1 | $488.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 1 | $379.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1 | $449.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1 | $555.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 1 | $581.0M | canonical | SEC ↗ |
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