Indigo Partners LLC
Long book
$267.2M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+63.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsIndigo Partners LLC is a diversified fundamental manager, specialised in industrials (100% of the long book), running a $267.2M US long book across 2 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: CONTROLADORA VUELA CIA-ADR, FRONTIER GROUP HOLDINGS INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 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
-36.8%
Q2 2024
+4.4%
Q3 2024
+26.1%
Q4 2024
-35.2%
Q1 2025
-13.1%
Q2 2025
+35.3%
Q3 2025
+15.5%
Q4 2025
-21.4%
Q1 2026
+63.9%
Sector allocation
Industrials 100%
Long book by quarter
What does Indigo Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ULCC FRONTIER GROUP HOLDINGS INC | Industrials | 32.1M | $113.3M | 42.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 2 | $267.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 2 | $339.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 2 | $294.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 2 | $217.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 2 | $250.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 2 | $386.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 2 | $306.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 2 | $293.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 2 | $1.61B | canonical | SEC ↗ |