Highlander Partners, L.P.

Fundamental concentrated ★Highest signal CIK 1903866
League rank
#520
in Fundamental concentrated · #2116 overall
Long book
$255.5M
Q1 2026
Positions
45
Top-10 weight
81%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
37%
of book per quarter

Strategy in plain words

auto-generated from filings

Highlander Partners, L.P. is a concentrated fundamental stock-picker, running a $255.5M US long book across 45 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: VERTIV HOLDINGS CO-A, BLACKSTONE INC, KEYSIGHT TECHNOLOGIES IN, AMAZON.COM INC, PARSONS CORP.

Over the last 9 quarters its long book ran on average 1.6pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+9.5%
Q3 2024
+10.7%
Q4 2024
-15.1%
Q1 2025
+17.6%
Q2 2025
+11.7%
Q3 2025
-1.1%
Q4 2025
+5.5%
Q1 2026
+13.9%

Sector allocation

Technology
56%
Financials
17%
Consumer discretionary
10%
Healthcare
6%
Industrials
5%
Other
4%
Energy
1%
Utilities
1%

Long book by quarter

$144.3M
Q1 2024
$150.3M
Q2 2024
$169.2M
Q3 2024
$176.1M
Q4 2024
$161.7M
Q1 2025
$260.3M
Q2 2025
$286.7M
Q3 2025
$278.7M
Q4 2025
$255.5M
Q1 2026

What does Highlander Partners, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VRT VERTIV HOLDINGS CO-ATechnology263.6K$66.0M25.8%-10.2%
BX BLACKSTONE INCFinancials238.6K$27.4M10.7%-2.2%
KEYS KEYSIGHT TECHNOLOGIES INTechnology79.2K$22.4M8.8%Held
AMZN AMAZON.COM INCConsumer discretionary104.0K$21.7M8.5%+1.0%
PSN PARSONS CORPTechnology255.9K$13.9M5.4%-7.7%
TCBI TEXAS CAPITAL BANCSHARES INCFinancials123.8K$11.8M4.6%-26.9%
MIRM MIRUM PHARMACEUTICALS INCHealthcare123.0K$11.4M4.4%Held
DHR DANAHER CORPTechnology58.0K$11.0M4.3%Held
SPXC SPX TECHNOLOGIES INCIndustrials52.3K$10.4M4.1%Held
DAKT DAKTRONICS INCOther400.0K$7.8M3.1%Held
SSNC SS&C TECHNOLOGIES HOLDINGSTechnology81.8K$5.5M2.2%Held
GWRE GUIDEWIRE SOFTWARE INCTechnology33.0K$4.9M1.9%New
DELL DELL TECHNOLOGIES -CTechnology30.0K$4.9M1.9%Held
DSGR DISTRIBUTION SOLUTIONS GROUPConsumer discretionary85.9K$2.3M0.9%Held
MDAI SPECTRAL AI INCHealthcare900.0K$1.3M0.5%Held
SGI SOMNIGROUP INTERNATIONAL INCOther14.0K$1.0M0.4%New
DMLP DORCHESTER MINERALS LPEnergy33.1K$896K0.4%Held
MPLX MPLX LPEnergy14.3K$816K0.3%Held
GOOGL ALPHABET INC-CL ATechnology2.2K$633K0.2%Held
EPD ENTERPRISE PRODUCTS PARTNERSUtilities14.0K$530K0.2%Held
CWST CASELLA WASTE SYSTEMS INC-AUtilities6.0K$476K0.2%Held
JPM JPMORGAN CHASE & COFinancials1.5K$441K0.2%Held
PM PHILIP MORRIS INTERNATIONALConsumer staples2.5K$413K0.2%Held
MRK MERCK & CO. INC.Healthcare3.3K$397K0.2%Held
MSFT MICROSOFT CORPTechnology1.1K$389K0.2%Held
PSX PHILLIPS 66Energy2.0K$364K0.1%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials725$347K0.1%-52.5%
XOM EXXON MOBIL CORPEnergy2.0K$339K0.1%Held
ET ENERGY TRANSFER LPUtilities17.1K$330K0.1%Held
META META PLATFORMS INC-CLASS ATechnology550$315K0.1%Held
SLB SLB LTDEnergy5.0K$259K0.1%Held
ARCC ARES CAPITAL CORP14.0K$252K0.1%Held
WES WESTERN MIDSTREAM PARTNERS LUtilities6.1K$251K0.1%Held
ADBE ADOBE INCTechnology1.0K$243K0.1%Held
V VISA INC-CLASS A SHARESServices media700$212K0.1%Held
HD HOME DEPOT INCConsumer discretionary625$206K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 14, 202647$255.5M canonicalSEC ↗
Q4 202513F-HRFeb 3, 202668$278.7M canonicalSEC ↗
Q3 202513F-HRNov 13, 202552$286.7M canonicalSEC ↗
Q2 202513F-HRAug 6, 202553$260.3M canonicalSEC ↗
Q1 202513F-HRMay 6, 202548$161.7M canonicalSEC ↗
Q4 202413F-HRFeb 7, 202541$176.1M canonicalSEC ↗
Q3 202413F-HRNov 12, 202445$169.2M canonicalSEC ↗
Q2 202413F-HRAug 12, 202440$150.3M canonicalSEC ↗
Q1 202413F-HRMay 1, 202442$144.3M canonicalSEC ↗