JNE Partners LLP
Long book
$244.4M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
+2.2%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsJNE Partners LLP is a diversified fundamental manager, running a $244.4M US long book across 7 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: LIBERTY LIVE HOLDINGS-C, NIQ GLOBAL INTELLIGENCE PLC, LIBERTY LIVE HOLDINGS-A, LIBERTY BROADBAND-A, BIO-RAD LABORATORIES-A.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 3 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
+2.4%
Q2 2024
+3.5%
Q3 2024
-6.2%
Q4 2024
+9.5%
Q1 2025
+16.8%
Q2 2025
-10.8%
Q3 2025
-8.2%
Q4 2025
-0.5%
Q1 2026
+2.2%
Sector allocation
Services media 59%
Technology 17%
Communications 13%
Healthcare 11%
Long book by quarter
What does JNE Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 1.2M | $110.4M | 45.2% | Held |
| NIQ NIQ GLOBAL INTELLIGENCE PLC | Technology | 3.7M | $42.4M | 17.4% | +13.2% |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 368.1K | $33.7M | 13.8% | Held |
| LBRDA LIBERTY BROADBAND-A | Communications | 635.2K | $31.9M | 13.1% | Held |
| BIO BIO-RAD LABORATORIES-A | Healthcare | 92.1K | $25.7M | 10.5% | Held |
| LBRDK LIBERTY BROADBAND-C | Communications | 5.5K | $279K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 7 | $244.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 7 | $240.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $234.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 8 | $248.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 7 | $192.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 7 | $168.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4 | $86.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 4 | $65.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 4 | $68.9M | canonical | SEC ↗ |
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