Hudson Way Capital Management LLC
Long book
$1.05B
Q1 2026
Positions
16
Top-10 weight
78%
concentration
Last quarter
+6.5%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsHudson Way Capital Management LLC is a concentrated fundamental stock-picker, running a $1.05B US long book across 16 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: KKR & CO INC, VISA INC-CLASS A SHARES, SOMNIGROUP INTERNATIONAL INC, HILTON WORLDWIDE HOLDINGS IN, CHURCHILL DOWNS INC.
Over the last 9 quarters its long book ran on average 2.8pp per quarter behind the S&P 500, beating the index in 3 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
+3.8%
Q2 2024
+12.7%
Q3 2024
+4.0%
Q4 2024
-2.5%
Q1 2025
+9.2%
Q2 2025
-1.0%
Q3 2025
+0.4%
Q4 2025
-17.9%
Q1 2026
+6.5%
Sector allocation
Services media 32%
Other 18%
Financials 16%
Technology 14%
Industrials 13%
Communications 7%
Long book by quarter
What does Hudson Way own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KKR KKR & CO INC | Financials | 1.6M | $143.5M | 13.7% | +20.8% |
| V VISA INC-CLASS A SHARES | Services media | 333.1K | $100.7M | 9.6% | +21.8% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 1.3M | $94.9M | 9.1% | +16.0% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 263.7K | $80.2M | 7.7% | -22.1% |
| CHDN CHURCHILL DOWNS INC | Services media | 870.4K | $78.2M | 7.5% | -16.1% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 156.2K | $75.7M | 7.2% | +162.1% |
| SPGI S&P GLOBAL INC | Services media | 169.7K | $72.2M | 6.9% | +8.4% |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 415.6K | $62.2M | 5.9% | +33.3% |
| TDG TRANSDIGM GROUP INC | Industrials | 49.4K | $57.2M | 5.5% | -32.7% |
| GIL GILDAN ACTIVEWEAR INC | Other | 852.1K | $47.4M | 4.5% | -38.7% |
| TYL TYLER TECHNOLOGIES INC | Technology | 132.3K | $45.3M | 4.3% | +34.1% |
| CTAS CINTAS CORP | Other | 260.8K | $44.1M | 4.2% | New |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 650.8K | $44.0M | 4.2% | -45.7% |
| WWD WOODWARD INC | Industrials | 121.0K | $43.3M | 4.1% | New |
| AXON AXON ENTERPRISE INC | Industrials | 81.9K | $34.8M | 3.3% | -11.1% |
| RKT ROCKET COS INC-CLASS A | Financials | 1.6M | $22.4M | 2.1% | -21.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 16 | $1.05B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 17 | $1.26B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 16 | $1.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 16 | $1.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 16 | $1.01B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 15 | $885.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 15 | $796.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 14 | $724.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 14 | $547.8M | canonical | SEC ↗ |
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