Henshaw Capital LLC
Long book
$2.70B
Q1 2026
Positions
160
Top-10 weight
37%
concentration
Last quarter
+16.6%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsHenshaw Capital LLC is an institutional manager, running a $2.70B US long book across 160 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, ELI LILLY & CO, JPMORGAN CHASE & CO, ALPHABET INC-CL C.
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 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.9%
Q2 2024
+6.3%
Q3 2024
+2.2%
Q4 2024
-5.2%
Q1 2025
+11.4%
Q2 2025
+8.1%
Q3 2025
+3.4%
Q4 2025
-2.9%
Q1 2026
+16.6%
Sector allocation
Technology 43%
Industrials 15%
Financials 13%
Consumer discretionary 12%
Healthcare 5%
Energy 3%
Services media 3%
Other 3%
Long book by quarter
What does Henshaw Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.0M | $181.1M | 6.7% | Held |
| AAPL APPLE INC | Technology | 643.5K | $163.3M | 6.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 117.8K | $108.3M | 4.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 337.1K | $99.2M | 3.7% | Held |
| GOOG ALPHABET INC-CL C | Technology | 286.2K | $82.1M | 3.0% | +0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 280.0K | $80.5M | 3.0% | Held |
| WMT WALMART INC | Consumer discretionary | 609.3K | $75.7M | 2.8% | Held |
| GE GENERAL ELECTRIC | Industrials | 248.0K | $70.4M | 2.6% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 337.7K | $70.3M | 2.6% | +4.5% |
| MSFT MICROSOFT CORP | Technology | 186.7K | $69.1M | 2.6% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 115.4K | $66.0M | 2.4% | Held |
| BLK BLACKROCK INC | Financials | 67.4K | $64.8M | 2.4% | Held |
| XOM EXXON MOBIL CORP | Energy | 352.0K | $59.7M | 2.2% | +32.3% |
| AMAT APPLIED MATERIALS INC | Technology | 171.3K | $58.5M | 2.2% | Held |
| GEV GE VERNOVA INC | Industrials | 62.0K | $54.1M | 2.0% | Held |
| ORCL ORACLE CORP | Technology | 301.7K | $44.4M | 1.6% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 202.7K | $41.2M | 1.5% | Held |
| UNP UNION PACIFIC CORP | Industrials | 169.3K | $41.1M | 1.5% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 82.6K | $40.6M | 1.5% | Held |
| CRM SALESFORCE INC | Technology | 216.8K | $40.5M | 1.5% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 121.5K | $40.0M | 1.5% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 128.5K | $39.9M | 1.5% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 238.6K | $38.2M | 1.4% | Held |
| AFL AFLAC INC | Financials | 337.0K | $37.0M | 1.4% | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 109.0K | $35.7M | 1.3% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 144.2K | $32.6M | 1.2% | Held |
| CAT CATERPILLAR INC | Industrials | 44.3K | $31.4M | 1.2% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 98.8K | $29.9M | 1.1% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 364.5K | $28.3M | 1.0% | Held |
| VRT VERTIV HOLDINGS CO-A | Technology | 111.4K | $27.9M | 1.0% | Held |
| DOV DOVER CORP | Industrials | 124.0K | $25.9M | 1.0% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 335.5K | $25.5M | 0.9% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 51.6K | $24.8M | 0.9% | Held |
| FDX FEDEX CORP | Industrials | 68.2K | $24.3M | 0.9% | Held |
| BA BOEING CO/THE | Industrials | 121.0K | $24.1M | 0.9% | Held |
| MRVL MARVELL TECHNOLOGY INC | Technology | 238.4K | $23.6M | 0.9% | Held |
| V VISA INC-CLASS A SHARES | Services media | 69.5K | $21.0M | 0.8% | Held |
| PEP PEPSICO INC | Consumer staples | 130.7K | $20.3M | 0.8% | Held |
| GD GENERAL DYNAMICS CORP | Industrials | 59.0K | $20.2M | 0.8% | Held |
| C CITIGROUP INC | Financials | 174.0K | $19.7M | 0.7% | Held |
| CDNS CADENCE DESIGN SYS INC | Technology | 70.9K | $19.7M | 0.7% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 78.6K | $19.2M | 0.7% | Held |
| SBUX STARBUCKS CORP | Consumer discretionary | 200.4K | $17.9M | 0.7% | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 249.7K | $14.4M | 0.5% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 85.0K | $11.1M | 0.4% | Held |
| CSL CARLISLE COS INC | Other | 16.2K | $5.4M | 0.2% | +0.3% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 8.2K | $4.4M | 0.2% | -11.9% |
| BURL BURLINGTON STORES INC | Consumer discretionary | 13.2K | $4.3M | 0.2% | Held |
| TRMB TRIMBLE INC | Other | 59.7K | $3.9M | 0.1% | -13.7% |
| WRB WR BERKLEY CORP | Financials | 52.2K | $3.5M | 0.1% | +0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 28, 2026 | 160 | $2.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | May 28, 2026 | 161 | $2.78B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | May 28, 2026 | 256 | $2.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | May 28, 2026 | 291 | $2.52B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 28, 2026 | 292 | $2.27B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | May 28, 2026 | 298 | $2.40B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | May 28, 2026 | 302 | $2.39B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | May 28, 2026 | 282 | $2.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 28, 2026 | 283 | $2.14B | canonical | SEC ↗ |
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