HarbourVest Partners LLC

Fundamental concentrated ★Signal financials specialist (65%) CIK 1201001
League rank
#125
in Fundamental concentrated · #208 overall
Long book
$100.9M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+41.6%
SPY +14.8%
Turnover
50%
of book per quarter

Strategy in plain words

auto-generated from filings

HarbourVest Partners LLC is a concentrated fundamental stock-picker, specialised in financials (65% of the long book), running a $100.9M US long book across 5 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: KLARNA GROUP PLC, GENERATE BIOMEDICINES INC, FULL TRUCK ALLIANCE -SPN ADR, CAMP4 THERAPEUTICS CORP, CENTURY THERAPEUTICS INC.

Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 5 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
-7.8%
Q2 2024
+8.1%
Q3 2024
+11.5%
Q4 2024
-8.0%
Q1 2025
+22.6%
Q2 2025
+48.4%
Q3 2025
-18.5%
Q4 2025
-48.9%
Q1 2026
+41.6%

Sector allocation

Financials
71%
Healthcare
29%

Long book by quarter

$219.3M
Q1 2024
$187.9M
Q2 2024
$192.3M
Q3 2024
$202.6M
Q4 2024
$153.7M
Q1 2025
$91.3M
Q2 2025
$205.1M
Q3 2025
$174.2M
Q4 2025
$100.9M
Q1 2026

What does HarbourVest Partners own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
KLAR KLARNA GROUP PLCFinancials5.0M$65.8M65.2%Held
GENB GENERATE BIOMEDICINES INCHealthcare1.7M$21.5M21.3%New
CAMP CAMP4 THERAPEUTICS CORPHealthcare1.3M$5.6M5.6%Held
IPSC CENTURY THERAPEUTICS INCHealthcare29.0K$66K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20265$100.9M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20267$174.2M canonicalSEC ↗
Q3 202513F-HRNov 14, 20259$205.1M canonicalSEC ↗
Q2 202513F-HRAug 14, 202515$91.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 202516$153.7M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202522$202.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 202434$192.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 202440$187.9M canonicalSEC ↗
Q1 202413F-HRMay 15, 202448$219.3M canonicalSEC ↗