Leonard Green & Partners, L.P.
Long book
$2.77B
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+35.0%
SPY +14.8%
Turnover
38%
of book per quarter
Strategy in plain words
auto-generated from filingsLeonard Green & Partners, L.P. is a concentrated fundamental stock-picker, running a $2.77B US long book across 6 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: MISTER CAR WASHINC, LIFE TIME GROUP HOLDINGS INC, CLARIVATE PLC, WILLIAMS-SONOMA INC, CALLAWAY GOLF COMPANY.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of 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
-4.2%
Q2 2024
+17.9%
Q3 2024
-8.4%
Q4 2024
+8.1%
Q1 2025
+3.4%
Q2 2025
-0.5%
Q3 2025
-5.7%
Q4 2025
-4.6%
Q1 2026
+35.0%
Sector allocation
Services media 55%
Technology 24%
Consumer discretionary 15%
Other 6%
Long book by quarter
What does Leonard Green own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LTH LIFE TIME GROUP HOLDINGS INC | Services media | 24.9M | $671.0M | 24.2% | Held |
| CLVT CLARIVATE PLC | Technology | 116.7M | $295.2M | 10.7% | Held |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 1.0M | $182.3M | 6.6% | Held |
| CALY CALLAWAY GOLF COMPANY | Other | 5.7M | $78.6M | 2.8% | -37.1% |
| ADV ADVANTAGE SOLUTIONS INC | Services media | 618.0K | $13.1M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 6 | $2.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 7 | $2.57B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $2.63B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 8 | $3.37B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 8 | $4.06B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 9 | $4.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $4.57B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $4.71B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $5.49B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP