H Squared Management LP

Fundamental concentrated ★Signal CIK 2110996
League rank
#327
in Fundamental concentrated · #714 overall
Long book
$108.5M
Q1 2026
Positions
14
Top-10 weight
92%
concentration
Last quarter
+18.8%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

H Squared Management LP is a concentrated fundamental stock-picker, running a $108.5M US long book across 14 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: POST HOLDINGS INC, AMAZON.COM INC, TAIWAN SEMICONDUCTOR-SP ADR, CROWN HOLDINGS INC, GUIDEWIRE SOFTWARE INC.

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
Q4 2025
-8.3%
Q1 2026
+18.8%

Sector allocation

Consumer discretionary
24%
Industrials
23%
Technology
23%
Consumer staples
22%
Other
5%
Communications
2%

Long book by quarter

$116.7M
Q4 2025
$108.5M
Q1 2026

What does H Squared own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
POST POST HOLDINGS INCConsumer staples200.4K$19.8M18.3%+3.8%
AMZN AMAZON.COM INCConsumer discretionary94.1K$19.6M18.1%+14.5%
CCK CROWN HOLDINGS INCIndustrials102.3K$10.3M9.4%+3.5%
GWRE GUIDEWIRE SOFTWARE INCTechnology42.0K$6.3M5.8%-58.0%
HPE HEWLETT PACKARD ENTERPRISETechnology231.7K$5.5M5.1%New
ATI ATI INCIndustrials36.2K$5.3M4.9%+162.3%
GOOGL ALPHABET INC-CL ATechnology17.1K$4.9M4.5%+37.6%
TREX TREX COMPANY INCOther124.2K$4.5M4.2%New
TTWO TAKE-TWO INTERACTIVE SOFTWRETechnology18.9K$3.7M3.4%-75.8%
CRS CARPENTER TECHNOLOGYIndustrials8.9K$3.5M3.2%+48.3%
FND FLOOR & DECOR HOLDINGS INC-AConsumer discretionary38.9K$2.0M1.8%New
YSS YORK SPACE SYSTEMS INCIndustrials81.3K$1.8M1.7%New
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications21.1K$1.8M1.6%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202614$108.5M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202611$173.3M canonicalSEC ↗