HIGHLAND PEAK CAPITAL, LLC
Long book
$229.6M
Q1 2026
Positions
13
Top-10 weight
94%
concentration
Last quarter
+46.5%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsHIGHLAND PEAK CAPITAL, LLC is a concentrated fundamental stock-picker, running a $229.6M US long book across 13 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: SILICON MOTION TECHNOL-ADR, CHEMOURS CO/THE, DAUCH CORPORATION, HEWLETT PACKARD ENTERPRISE, LIBERTY GLOBAL LTD-A.
Over the last 9 quarters its long book ran on average 4.4pp per quarter ahead of the S&P 500, beating the index in 6 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
-7.1%
Q2 2024
+11.8%
Q3 2024
-7.1%
Q4 2024
-14.8%
Q1 2025
+30.1%
Q2 2025
+13.7%
Q3 2025
+5.2%
Q4 2025
+1.2%
Q1 2026
+46.5%
Sector allocation
Industrials 29%
Materials 23%
Technology 16%
Healthcare 14%
Communications 12%
Real estate 7%
Long book by quarter
What does HIGHLAND PEAK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CC CHEMOURS CO/THE | Materials | 1.5M | $32.1M | 14.0% | New |
| DCH DAUCH CORPORATION | Industrials | 5.1M | $30.5M | 13.3% | +2.2% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 906.9K | $21.6M | 9.4% | New |
| LBTYA LIBERTY GLOBAL LTD-A | Communications | 1.7M | $20.0M | 8.7% | +46.9% |
| SN SHARKNINJA INC | Industrials | 124.5K | $13.2M | 5.7% | -55.2% |
| CWK CUSHMAN & WAKEFIELD LTD | Real estate | 1.0M | $12.4M | 5.4% | +0.5% |
| VTRS VIATRIS INC | Healthcare | 877.9K | $11.9M | 5.2% | +17.7% |
| BKD BROOKDALE SENIOR LIVING INC | Healthcare | 782.6K | $10.7M | 4.7% | -5.7% |
| TROX TRONOX HOLDINGS PLC | Materials | 580.9K | $5.7M | 2.5% | New |
| WDC WESTERN DIGITAL CORP | Technology | 18.4K | $5.0M | 2.2% | -80.3% |
| OI O-I GLASS INC | Industrials | 380.7K | $4.0M | 1.7% | -81.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 16 | $373.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 15 | $303.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 15 | $304.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 13 | $267.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 9 | $136.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 21 | $182.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 20 | $228.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 23 | $286.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 21 | $176.1M | canonical | SEC ↗ |
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