HAWK RIDGE CAPITAL MANAGEMENT LP

Fundamental diversified ★Signal CIK 1609074
League rank
#56
in Fundamental diversified · #281 overall
Long book
$2.74B
Q1 2026
Positions
47
Top-10 weight
50%
concentration
Last quarter
+26.2%
SPY +14.8%
Turnover
37%
of book per quarter

Strategy in plain words

auto-generated from filings

HAWK RIDGE CAPITAL MANAGEMENT LP is a diversified fundamental manager, running a $2.74B US long book across 47 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VERISIGN INC, LIBERTY MEDIA CORP-FORMULA-C, CORPAY INC, OPENLANE INC, SILICON MOTION TECHNOL-ADR.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 2 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
-5.3%
Q2 2024
+2.7%
Q3 2024
+1.2%
Q4 2024
-5.7%
Q1 2025
+8.7%
Q2 2025
+1.9%
Q3 2025
+1.2%
Q4 2025
+7.8%
Q1 2026
+26.2%

Sector allocation

Services media
33%
Technology
28%
Industrials
11%
Communications
7%
Consumer discretionary
6%
Energy
5%
Materials
4%
Other
3%

Long book by quarter

$2.22B
Q1 2024
$2.32B
Q2 2024
$2.32B
Q3 2024
$2.10B
Q4 2024
$2.12B
Q1 2025
$2.40B
Q2 2025
$2.10B
Q3 2025
$2.17B
Q4 2025
$2.74B
Q1 2026

What does HAWK RIDGE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VRSN VERISIGN INCTechnology915.0K$227.3M8.3%+48.5%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications1.8M$157.3M5.7%+38.9%
CPAY CORPAY INCServices media532.2K$154.9M5.6%+20.5%
OPLN OPENLANE INCConsumer discretionary5.0M$144.8M5.3%+72.5%
WWD WOODWARD INCIndustrials342.1K$122.5M4.5%-16.9%
FIS FIDELITY NATIONAL INFO SERVServices media2.6M$121.9M4.4%+32.7%
ALLE ALLEGION PLCServices media802.8K$116.6M4.3%+32.9%
VVV VALVOLINE INCEnergy3.1M$106.0M3.9%+15.0%
HPE HEWLETT PACKARD ENTERPRISETechnology4.2M$101.2M3.7%+53.2%
BATRK ATLANTA BRAVES HOLDINGS IN-CServices media2.2M$95.5M3.5%-15.9%
MLM MARTIN MARIETTA MATERIALSMaterials160.5K$94.5M3.4%-17.4%
TKO TKO GROUP HOLDINGS INCServices media413.6K$83.4M3.0%+16.5%
BL BLACKLINE INCTechnology1.9M$70.0M2.6%+26.3%
STXN SEAGATE TECHNOLOGY HOLDINGS173.3K$67.9M2.5%-13.7%
NCNO NCINO INCTechnology4.5M$67.1M2.4%+625.4%
WK WORKIVA INCTechnology1.1M$65.1M2.4%New
WDC WESTERN DIGITAL CORPTechnology209.4K$56.6M2.1%-35.7%
MGRC MCGRATH RENTCORPServices media486.9K$53.7M2.0%-0.1%
SMCI SUPER MICRO COMPUTER INCTechnology2.3M$52.9M1.9%New
PRKS UNITED PARKS & RESORTS INCServices media1.6M$51.1M1.9%New
ESE ESCO TECHNOLOGIES INCTechnology168.6K$47.4M1.7%New
RHI ROBERT HALF INCServices media1.8M$45.3M1.7%+134.2%
GMED GLOBUS MEDICAL INC - AHealthcare500.0K$43.1M1.6%New
CRS CARPENTER TECHNOLOGYIndustrials109.1K$43.0M1.6%-7.3%
NSP INSPERITY INCServices media1.5M$39.6M1.4%New
RBA RB GLOBAL INCServices media396.7K$38.0M1.4%New
MYRG MYR GROUP INC/DELAWAREIndustrials129.9K$36.7M1.3%+16.9%
CR CRANE COIndustrials205.7K$35.2M1.3%-16.8%
FWONA LIBERTY MEDIA CORP-FORMULA-ACommunications441.5K$34.5M1.3%+47.3%
ATI ATI INCIndustrials185.6K$27.0M1.0%-11.4%
WEX WEX INCServices media163.5K$25.0M0.9%-64.0%
FUN SIX FLAGS ENTERTAINMENT CORPServices media1.4M$24.3M0.9%-11.1%
LBRT LIBERTY ENERGY INCEnergy767.2K$22.1M0.8%-14.2%
ACHC ACADIA HEALTHCARE CO INCHealthcare836.0K$19.6M0.7%-64.9%
KGS KODIAK GAS SERVICES INCUtilities303.8K$17.7M0.6%New
XPO XPO INCIndustrials90.4K$17.6M0.6%-53.4%
VISN VISTANCE NETWORKS INCTechnology947.2K$17.2M0.6%New
AMBA AMBARELLA INCTechnology276.1K$14.2M0.5%New
AROC ARCHROCK INCUtilities276.9K$9.6M0.4%New
TOST TOAST INC-CLASS ATechnology257.7K$6.8M0.2%New
VRRM VERRA MOBILITY CORPIndustrials447.2K$6.4M0.2%New
LZ LEGALZOOMCOM INCTechnology735.9K$4.2M0.2%+48.7%
ECG EVERUS CONSTRUCTION GROUPIndustrials28.0K$3.3M0.1%New
SHAZ SHARONAI HOLDINGS INCTechnology122.2K$2.8M0.1%New
BATRA ATLANTA BRAVES HOLDINGS IN-AServices media43.3K$2.0M0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202648$2.75B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202636$2.17B canonicalSEC ↗
Q3 202513F-HRNov 14, 202544$2.10B canonicalSEC ↗
Q2 202513F-HRAug 14, 202553$2.40B canonicalSEC ↗
Q1 202513F-HRMay 15, 202542$2.12B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202543$2.10B canonicalSEC ↗
Q3 202413F-HRNov 14, 202447$2.32B canonicalSEC ↗
Q2 202413F-HRAug 14, 202453$2.32B canonicalSEC ↗
Q1 202413F-HRMay 15, 202441$2.22B canonicalSEC ↗