JB CAPITAL PARTNERS LP

Fundamental diversified ★Signal CIK 1138532
League rank
#709
in Fundamental diversified · #5744 overall
Long book
$580.5M
Q1 2026
Positions
85
Top-10 weight
70%
concentration
Last quarter
+9.2%
SPY +14.8%
Turnover
3%
of book per quarter

Strategy in plain words

auto-generated from filings

JB CAPITAL PARTNERS LP is a diversified fundamental manager, running a $580.5M US long book across 85 positions.

The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: RADNET INC, RYERSON HOLDING CORP, CORE NATURAL RESOURCES INC, DANA INC, OPPENHEIMER HOLDINGS-CL A.

Over the last 9 quarters its long book ran on average 1.3pp 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
-9.1%
Q2 2024
+14.0%
Q3 2024
-1.3%
Q4 2024
-12.4%
Q1 2025
+12.1%
Q2 2025
+14.8%
Q3 2025
-0.2%
Q4 2025
+1.7%
Q1 2026
+9.2%

Sector allocation

Industrials
25%
Consumer discretionary
22%
Healthcare
15%
Financials
12%
Materials
10%
Services media
6%
Real estate
5%
Other
3%

Long book by quarter

$532.9M
Q1 2024
$453.5M
Q2 2024
$522.1M
Q3 2024
$522.3M
Q4 2024
$476.4M
Q1 2025
$539.5M
Q2 2025
$591.0M
Q3 2025
$581.4M
Q4 2025
$580.5M
Q1 2026

What does JB CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
RDNT RADNET INCHealthcare1.4M$79.6M13.7%Held
RYZ RYERSON HOLDING CORPConsumer discretionary2.8M$63.8M11.0%+21.1%
CNR CORE NATURAL RESOURCES INCMaterials466.8K$48.9M8.4%Held
DAN DANA INCIndustrials1.9M$46.5M8.0%Held
OPY OPPENHEIMER HOLDINGS-CL AFinancials504.0K$44.9M7.7%Held
TPC TUTOR PERINI CORPIndustrials424.6K$32.8M5.6%-16.7%
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary292.3K$24.1M4.1%Held
BXC BLUELINX HOLDINGS INCConsumer discretionary393.6K$21.3M3.7%Held
CXW CORECIVIC INCReal estate845.2K$16.0M2.8%Held
VCTR VICTORY CAPITAL HOLDING - AFinancials241.8K$15.8M2.7%Held
MT ARCELORMITTAL-NY REGISTEREDIndustrials205.0K$10.7M1.8%Held
LCUT LIFETIME BRANDS INCIndustrials1.6M$9.3M1.6%Held
FET FORUM ENERGY TECHNOLOGIES INIndustrials120.8K$7.1M1.2%Held
FLNT FLUENT INCServices media2.2M$6.9M1.2%Held
KELYA KELLY SERVICES INC -AServices media758.8K$6.7M1.2%+266.3%
MAGN MAGNERA CORPOther655.0K$6.2M1.1%+27.2%
DCH DAUCH CORPORATIONIndustrials1.0M$6.0M1.0%Held
CVEO CIVEO CORPServices media193.8K$5.1M0.9%Held
MEC MAYVILLE ENGINEERING CO INCIndustrials250.5K$4.5M0.8%Held
CIGI COLLIERS INTL GR-SUBORD VOTReal estate30.1K$4.5M0.8%Held
AXR AMREP CORPReal estate141.4K$4.0M0.7%Held
ASTL ALGOMA STEEL GROUP INCIndustrials872.3K$3.6M0.6%Held
VREX VAREX IMAGING CORPTechnology326.3K$3.5M0.6%Held
CSV CARRIAGE SERVICES INCServices media71.0K$3.2M0.6%Held
LRN STRIDE INCServices media35.0K$3.1M0.5%+75.0%
KOP KOPPERS HOLDINGS INCOther78.1K$3.0M0.5%+11.6%
MG MISTRAS GROUP INCServices media202.2K$3.0M0.5%Held
PKOH PARK-OHIO HOLDINGS CORPIndustrials121.9K$2.9M0.5%+3.7%
GSM FERROGLOBE PLCMaterials655.0K$2.7M0.5%Held
HNRG HALLADOR ENERGY COUtilities160.0K$2.6M0.4%Held
2362120D SINCLAIR BROADCAST GROUP LLC195.0K$2.5M0.4%Held
TSQ TOWNSQUARE MEDIA INC - CL ACommunications467.8K$2.5M0.4%Held
BBCP CONCRETE PUMPING HOLDINGS INIndustrials341.4K$2.4M0.4%Held
SPWH SPORTSMAN'S WAREHOUSE HOLDINConsumer discretionary1.7M$2.4M0.4%Held
SND SMART SAND INCMaterials460.0K$2.3M0.4%Held
OEC ORION SAOther335.0K$2.2M0.4%Held
TDW TIDEWATER INCIndustrials25.0K$2.1M0.4%Held
III INFORMATION SERVICES GROUPServices media487.6K$1.9M0.3%Held
MLCI MOUNT LOGAN CAPITAL INCFinancials503.7K$1.8M0.3%+42.9%
HDSN HUDSON TECHNOLOGIES INCConsumer discretionary306.2K$1.8M0.3%Held
GTX GARRETT MOTION INCIndustrials91.0K$1.7M0.3%Held
OI O-I GLASS INCIndustrials155.0K$1.6M0.3%Held
LMB LIMBACH HOLDINGS INCIndustrials20.0K$1.6M0.3%Held
ATKR ATKORE INCTechnology25.0K$1.5M0.3%Held
CNDT CONDUENT INCServices media1.1M$1.4M0.2%Held
ORN ORION GROUP HOLDINGS INCIndustrials130.0K$1.4M0.2%Held
FSV FIRSTSERVICE CORPReal estate10.1K$1.4M0.2%Held
RICK RCI HOSPITALITY HOLDINGS INCConsumer discretionary60.0K$1.4M0.2%Held
RUSHA RUSH ENTERPRISES INC-CL AConsumer discretionary20.4K$1.3M0.2%Held
GEO GEO GROUP INC/THEIndustrials80.0K$1.3M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202685$580.5M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202686$581.4M canonicalSEC ↗
Q3 202513F-HRNov 14, 202586$591.0M canonicalSEC ↗
Q2 202513F-HRAug 13, 202582$539.5M canonicalSEC ↗
Q1 202513F-HRMay 14, 202579$476.4M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202581$522.3M canonicalSEC ↗
Q3 202413F-HRNov 14, 202478$522.1M canonicalSEC ↗
Q2 202413F-HRAug 14, 202478$453.5M canonicalSEC ↗
Q1 202413F-HRMay 14, 202474$532.9M canonicalSEC ↗