Hamlin Capital Management, LLC

Fundamental diversified ★Signal CIK 1277403
League rank
#497
in Fundamental diversified · #3131 overall
Long book
$4.14B
Q1 2026
Positions
30
Top-10 weight
47%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
6%
of book per quarter

Strategy in plain words

auto-generated from filings

Hamlin Capital Management, LLC is a diversified fundamental manager, running a $4.14B US long book across 30 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CUMMINS INC, CME GROUP INC, MORGAN STANLEY, CONOCOPHILLIPS, BROADCOM INC.

Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 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
-0.9%
Q2 2024
+10.4%
Q3 2024
+1.8%
Q4 2024
+0.2%
Q1 2025
+3.1%
Q2 2025
+3.9%
Q3 2025
+0.7%
Q4 2025
+0.7%
Q1 2026
+12.3%

Sector allocation

Financials
20%
Consumer discretionary
16%
Healthcare
13%
Utilities
13%
Industrials
11%
Technology
8%
Energy
7%
Other
4%

Long book by quarter

$3.39B
Q1 2024
$3.40B
Q2 2024
$3.98B
Q3 2024
$4.04B
Q4 2024
$4.18B
Q1 2025
$4.32B
Q2 2025
$4.39B
Q3 2025
$4.17B
Q4 2025
$4.14B
Q1 2026

What does Hamlin Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CMI CUMMINS INCIndustrials421.6K$226.8M5.5%-11.2%
CME CME GROUP INCFinancials722.0K$213.2M5.1%-1.1%
MS MORGAN STANLEYFinancials1.3M$212.1M5.1%-7.7%
COP CONOCOPHILLIPSEnergy1.5M$197.4M4.8%+3.9%
AVGO BROADCOM INCTechnology611.6K$189.3M4.6%-10.0%
ORI OLD REPUBLIC INTL CORPFinancials4.7M$189.1M4.6%-1.0%
EPD ENTERPRISE PRODUCTS PARTNERSUtilities4.9M$184.0M4.4%-1.2%
PEG PUBLIC SERVICE ENTERPRISE GPUtilities2.3M$183.8M4.4%-0.7%
ABBV ABBVIE INCHealthcare836.5K$181.9M4.4%-10.6%
JNJ JOHNSON & JOHNSONHealthcare736.5K$180.0M4.3%-11.9%
SNA SNAP-ON INCIndustrials470.2K$170.8M4.1%-1.1%
DRI DARDEN RESTAURANTS INCConsumer discretionary851.0K$166.8M4.0%-0.9%
PG PROCTER & GAMBLE CO/THEOther1.1M$154.2M3.7%+16.7%
HD HOME DEPOT INCConsumer discretionary407.9K$134.1M3.2%+8.7%
DKS DICK'S SPORTING GOODS INCConsumer discretionary663.9K$131.6M3.2%-12.7%
WSO WATSCO INCConsumer discretionary337.3K$122.7M3.0%-0.9%
PM PHILIP MORRIS INTERNATIONALConsumer staples731.9K$121.0M2.9%-0.3%
CVS CVS HEALTH CORPHealthcare1.6M$118.0M2.8%-19.0%
TXN TEXAS INSTRUMENTS INCTechnology559.4K$108.6M2.6%+26.9%
PAYX PAYCHEX INCServices media1.1M$104.8M2.5%-16.3%
ARES ARES MANAGEMENT CORP - AFinancials945.3K$103.1M2.5%-6.0%
UGI UGI CORPUtilities2.6M$96.1M2.3%+349.8%
SLB SLB LTDEnergy1.1M$55.1M1.3%New
PAG PENSKE AUTOMOTIVE GROUP INCConsumer discretionary131.4K$19.6M0.5%+2.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 14, 202630$4.14B canonicalSEC ↗
Q4 202513F-HRJan 7, 202630$4.17B canonicalSEC ↗
Q3 202513F-HRNov 14, 202526$4.39B canonicalSEC ↗
Q2 202513F-HRJul 29, 202525$4.32B canonicalSEC ↗
Q1 202513F-HRMay 13, 202525$4.18B canonicalSEC ↗
Q4 202413F-HRJan 16, 202526$4.04B canonicalSEC ↗
Q3 202413F-HROct 24, 202425$3.98B canonicalSEC ↗
Q2 202413F-HRAug 13, 202426$3.40B canonicalSEC ↗
Q1 202413F-HRMay 15, 202425$3.39B canonicalSEC ↗