HoldCo Asset Management, LP
Long book
$1.34B
Q1 2026
Positions
29
Top-10 weight
87%
concentration
Last quarter
+16.9%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsHoldCo Asset Management, LP is a concentrated fundamental stock-picker, specialised in financials (100% of the long book), running a $1.34B US long book across 29 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FIFTH THIRD BANCORP, BANKUNITED INC, COLUMBIA BANKING SYSTEM INC, KEYCORP, EASTERN BANKSHARES INC.
Over the last 7 quarters its long book ran on average 4pp per quarter ahead of the S&P 500, beating the index in 6 of 7 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
-2.0%
Q2 2024
+15.6%
Q3 2024
+7.7%
Q2 2025
+12.9%
Q3 2025
+8.7%
Q4 2025
+2.2%
Q1 2026
+16.9%
Sector allocation
Financials 98%
Other 2%
Services media 0%
Long book by quarter
What does HoldCo Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FITB FIFTH THIRD BANCORP | Financials | 3.8M | $176.7M | 13.1% | New |
| BKU BANKUNITED INC | Financials | 3.5M | $159.7M | 11.9% | Held |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 5.7M | $157.0M | 11.7% | Held |
| KEY KEYCORP | Financials | 7.5M | $149.5M | 11.1% | Held |
| EBC EASTERN BANKSHARES INC | Financials | 7.4M | $144.4M | 10.7% | Held |
| FIBK FIRST INTERSTATE BANCSYS-A | Financials | 4.0M | $131.9M | 9.8% | Held |
| CPF CENTRAL PACIFIC FINANCIAL CO | Financials | 2.4M | $77.6M | 5.8% | Held |
| HOPE HOPE BANCORP INC | Financials | 6.3M | $69.9M | 5.2% | +109.0% |
| BBT BEACON FINANCIAL CORP | Financials | 2.1M | $61.8M | 4.6% | Held |
| CFFN CAPITOL FEDERAL FINANCIAL IN | Financials | 6.5M | $46.1M | 3.4% | Held |
| CVBF CVB FINANCIAL CORP | Financials | 2.3M | $45.4M | 3.4% | +5.3% |
| TRST TRUSTCO BANK CORP NY | Financials | 872.7K | $38.2M | 2.8% | Held |
| CFG CITIZENS FINANCIAL GROUP | Financials | 522.5K | $31.3M | 2.3% | -55.8% |
| XHC HERITAGE COMMERCE CORP | — | 1.6M | $20.3M | 1.5% | Held |
| BMRC BANK OF MARIN BANCORP/CA | Financials | 504.4K | $12.9M | 1.0% | Held |
| XBP XBP GLOBAL HOLDINGS INC | Services media | 787.1K | $3.5M | 0.3% | Held |
| RNST RENASANT CORP | Financials | 83.6K | $3.0M | 0.2% | Held |
| MCBS METROCITY BANKSHARES INC | Financials | 100.7K | $2.9M | 0.2% | Held |
| SHBI SHORE BANCSHARES INC | Financials | 136.1K | $2.5M | 0.2% | Held |
| HBNC HORIZON BANCORP INC/IN | Financials | 91.8K | $1.5M | 0.1% | Held |
| FMBH FIRST MID BANCSHARES INC | Financials | 33.3K | $1.4M | 0.1% | Held |
| THFF FIRST FINANCIAL CORP | Financials | 20.2K | $1.3M | 0.1% | Held |
| PEBK PEOPLES BANCORP OF NC | Financials | 25.3K | $990K | 0.1% | Held |
| FUNC FIRST UNITED CORP | Financials | 20.8K | $762K | 0.1% | Held |
| BCAL CALIFORNIA BANCORP | Financials | 40.5K | $718K | 0.1% | Held |
| EBMT EAGLE BANCORP MONTANA INC | Financials | 32.3K | $664K | 0.0% | Held |
| BHRB BURKE & HERBERT FINANCIAL SE | Financials | 10.5K | $653K | 0.0% | Held |
| FNWB FIRST NORTHWEST BANCORP | Financials | 59.8K | $519K | 0.0% | Held |
| EGBN EAGLE BANCORP INC | Financials | 18.6K | $463K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 29 | $1.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 29 | $1.33B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 26 | $947.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $638.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 15 | $18.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 15 | $16.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 15 | $16.7M | canonical | SEC ↗ |