GSA CAPITAL PARTNERS LLP

Diversified mechanical Mechanical CIK 1362033
League rank
#58
in Diversified mechanical · #1625 overall
Long book
$1.61B
Q1 2026
Positions
1664
Top-10 weight
12%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
55%
of book per quarter

Strategy in plain words

auto-generated from filings

GSA CAPITAL PARTNERS LLP is a mechanically diversified allocator, running a $1.61B US long book across 1664 positions.

The portfolio is broadly diversified across 1664 positions (top 10 only 12%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANGUARD S/T CORP BOND ETF, VANGUARD INT-TERM CORPORATE, ISHR IBX USD INVGD CB ETF-UI, ISHR IBX USD HIYLD CB ETF-UI, ISHARES 1-5Y INV GRADE CORP.

Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-2.3%
Q2 2024
+9.0%
Q3 2024
+3.8%
Q4 2024
-6.6%
Q1 2025
+10.1%
Q2 2025
+11.7%
Q3 2025
+2.9%
Q4 2025
+0.8%
Q1 2026
+14.9%

Sector allocation

Industrials
17%
Financials
16%
Technology
16%
Healthcare
14%
Consumer discretionary
8%
Other
6%
Services media
6%
Utilities
5%

Long book by quarter

$1.26B
Q1 2024
$1.43B
Q2 2024
$1.32B
Q3 2024
$1.35B
Q4 2024
$1.11B
Q1 2025
$1.43B
Q2 2025
$1.20B
Q3 2025
$1.16B
Q4 2025
$1.61B
Q1 2026

What does GSA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
OZK BANK OZK135.4K$6.2M0.4%+118.0%
SBLK STAR BULK CARRIERS CORPIndustrials269.8K$6.2M0.4%New
AMP AMERIPRISE FINANCIAL INCFinancials12.9K$5.7M0.4%+240.6%
SYF SYNCHRONY FINANCIALFinancials80.9K$5.5M0.3%+1011.9%
GOOGL ALPHABET INC-CL ATechnology17.7K$5.1M0.3%+82.8%
FRO FRONTLINE PLCIndustrials141.9K$4.9M0.3%-15.5%
B BARRICK MINING CORPMaterials119.9K$4.9M0.3%+299.9%
OLLI OLLIE'S BARGAIN OUTLET HOLDIConsumer discretionary52.8K$4.9M0.3%+525.1%
TPC TUTOR PERINI CORPIndustrials62.4K$4.8M0.3%+17.0%
AMZN AMAZON.COM INCConsumer discretionary22.4K$4.7M0.3%+97.1%
EG EVEREST GROUP LTDFinancials14.0K$4.6M0.3%+903.1%
ABT ABBOTT LABORATORIESHealthcare44.6K$4.6M0.3%New
QCOM QUALCOMM INCTechnology35.3K$4.5M0.3%New
FIS FIDELITY NATIONAL INFO SERVServices media96.7K$4.5M0.3%+569.1%
HSY HERSHEY CO/THEConsumer staples20.9K$4.4M0.3%+1560.9%
MMM 3M COHealthcare29.9K$4.3M0.3%+431.9%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary46.3K$4.3M0.3%+128.8%
DVN DEVON ENERGY CORPEnergy82.1K$4.1M0.3%New
UAL UNITED AIRLINES HOLDINGS INCIndustrials44.3K$4.1M0.3%+376.5%
JPM JPMORGAN CHASE & COFinancials13.5K$4.0M0.2%New
KMI KINDER MORGAN INCUtilities116.1K$3.9M0.2%+112.3%
GNTX GENTEX CORPIndustrials175.2K$3.8M0.2%+395.9%
EHC ENCOMPASS HEALTH CORPHealthcare39.3K$3.8M0.2%+173.5%
CL COLGATE-PALMOLIVE COOther43.9K$3.7M0.2%New
CPRT COPART INCConsumer discretionary112.6K$3.7M0.2%+160.0%
COF CAPITAL ONE FINANCIAL CORPFinancials20.5K$3.7M0.2%+353.4%
GTLS CHART INDUSTRIES INCIndustrials18.0K$3.7M0.2%New
POR PORTLAND GENERAL ELECTRIC COUtilities69.6K$3.7M0.2%+60.8%
AON AON PLC-CLASS AFinancials11.4K$3.7M0.2%+41.8%
CSTM CONSTELLIUM SEIndustrials149.0K$3.7M0.2%+510.6%
JEF JEFFERIES FINANCIAL GROUP INFinancials88.6K$3.7M0.2%New
GLNG GOLAR LNG LTDIndustrials67.2K$3.6M0.2%-17.5%
OLED UNIVERSAL DISPLAY CORPTechnology39.5K$3.6M0.2%+189.4%
MTCH MATCH GROUP INCTechnology116.6K$3.6M0.2%-5.0%
GPK GRAPHIC PACKAGING HOLDING COOther354.2K$3.5M0.2%+602.8%
AR ANTERO RESOURCES CORPEnergy82.8K$3.5M0.2%New
AXP AMERICAN EXPRESS COFinancials11.5K$3.5M0.2%+1280.6%
MTH MERITAGE HOMES CORPIndustrials55.4K$3.4M0.2%+163.6%
NSC NORFOLK SOUTHERN CORPIndustrials11.8K$3.4M0.2%+361.6%
ALL ALLSTATE CORPFinancials16.4K$3.4M0.2%-3.0%
AVGO BROADCOM INCTechnology10.9K$3.4M0.2%+75.5%
AN AUTONATION INCConsumer discretionary17.0K$3.3M0.2%+1401.5%
RELY REMITLY GLOBAL INCServices media208.8K$3.3M0.2%-42.2%
GS GOLDMAN SACHS GROUP INCFinancials3.8K$3.2M0.2%+346.4%
ERII ENERGY RECOVERY INCIndustrials313.6K$3.2M0.2%+186.9%
XIFR XPLR INFRASTRUCTURE LPUtilities296.5K$3.1M0.2%New
FRSH FRESHWORKS INC-CL ATechnology378.8K$3.0M0.2%+1374.3%
CNC CENTENE CORPFinancials92.4K$3.0M0.2%+74.7%
NVR NVR INCIndustrials458$3.0M0.2%+764.2%
APH AMPHENOL CORP-CL ATechnology23.5K$3.0M0.2%+86.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 8, 20261664$1.61B $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 6, 20261617$1.16B $K fixed canonicalSEC ↗
Q3 202513F-HRNov 7, 20251596$1.20B $K fixed canonicalSEC ↗
Q2 202513F-HRJul 22, 20251695$1.43B $K fixed canonicalSEC ↗
Q1 202513F-HRMay 8, 20251596$1.11B $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 7, 20251558$1.35B $K fixed canonicalSEC ↗
Q3 202413F-HRNov 5, 20241537$1.32B $K fixed canonicalSEC ↗
Q2 202413F-HRAug 15, 20241577$1.43B $K fixed canonicalSEC ↗
Q1 202413F-HRMay 3, 20241554$1.26T $K fixed canonicalSEC ↗