Lightrock Netherlands B.V.
Long book
$468.1M
Q1 2026
Positions
38
Top-10 weight
46%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsLightrock Netherlands B.V. is a diversified fundamental manager, running a $468.1M US long book across 38 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CABOT CORP, WINTRUST FINANCIAL CORP, SPS COMMERCE INC, GLOBUS MEDICAL INC - A, TRONOX HOLDINGS PLC.
Over the last 6 quarters its long book ran on average 2.4pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-10.3%
Q1 2025
+8.3%
Q2 2025
+13.4%
Q3 2025
+12.3%
Q4 2025
+6.6%
Q1 2026
+12.1%
Sector allocation
Technology 28%
Other 15%
Industrials 14%
Financials 13%
Healthcare 10%
Services media 10%
Materials 6%
Consumer discretionary 3%
Long book by quarter
What does Lightrock Netherlands own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CBT CABOT CORP | Other | 422.3K | $30.7M | 6.6% | -7.8% |
| WTFC WINTRUST FINANCIAL CORP | Financials | 180.4K | $25.1M | 5.4% | -0.6% |
| SPSC SPS COMMERCE INC | Technology | 441.7K | $24.6M | 5.3% | +432.8% |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 257.2K | $22.2M | 4.7% | +0.7% |
| TROX TRONOX HOLDINGS PLC | Materials | 2.1M | $20.6M | 4.4% | -30.8% |
| WFG WEST FRASER TIMBER CO LTD | Other | 306.7K | $20.1M | 4.3% | -4.2% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 170.5K | $19.6M | 4.2% | -35.0% |
| FSLR FIRST SOLAR INC | Technology | 607.5K | $18.9M | 4.0% | -8.8% |
| JBL JABIL INC | Technology | 63.8K | $17.0M | 3.6% | -4.2% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 1.2M | $16.3M | 3.5% | +15.8% |
| ALGM ALLEGRO MICROSYSTEMS INC | Technology | 508.0K | $16.0M | 3.4% | +43.3% |
| ENS ENERSYS | Technology | 154.6K | $15.0M | 3.2% | +48.9% |
| LNN LINDSAY CORP | Industrials | 119.1K | $14.2M | 3.0% | -10.0% |
| LITE LUMENTUM HOLDINGS INC | Technology | 19.3K | $13.6M | 2.9% | -37.5% |
| PFSI PENNYMAC FINANCIAL SERVICES | Financials | 152.2K | $13.3M | 2.8% | +22.4% |
| MWA MUELLER WATER PRODUCTS INC-A | Industrials | 474.8K | $13.1M | 2.8% | -4.4% |
| AYI ACUITY INC | Industrials | 44.8K | $12.6M | 2.7% | +176.5% |
| ANF ABERCROMBIE & FITCH CO-CL A | Consumer discretionary | 131.0K | $12.0M | 2.6% | +22.4% |
| STRA STRATEGIC EDUCATION INC | Services media | 140.4K | $11.6M | 2.5% | -42.5% |
| TOWN TOWNE BANK | — | 332.8K | $11.2M | 2.4% | +0.5% |
| TNC TENNANT CO | Industrials | 153.8K | $10.2M | 2.2% | +3.5% |
| WEX WEX INC | Services media | 60.0K | $9.2M | 2.0% | -4.0% |
| AVTR AVANTOR INC | Healthcare | 328.6K | $9.2M | 2.0% | +22.9% |
| BC BRUNSWICK CORP | Industrials | 862.4K | $6.8M | 1.4% | +30.6% |
| TRIP TRIPADVISOR INC | Technology | 619.7K | $6.6M | 1.4% | -42.2% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 174.0K | $6.4M | 1.4% | -9.7% |
| NVST ENVISTA HOLDINGS CORP | Healthcare | 34.6K | $6.0M | 1.3% | -56.7% |
| COHU COHU INC | Technology | 152.1K | $5.6M | 1.2% | -11.6% |
| QDEL QUIDELORTHO CORP | Materials | 314.5K | $5.2M | 1.1% | -31.8% |
| GNTX GENTEX CORP | Industrials | 181.7K | $4.0M | 0.8% | -5.5% |
| EHC ENCOMPASS HEALTH CORP | Healthcare | 403.8K | $3.8M | 0.8% | -6.1% |
| TDC TERADATA CORP | Technology | 124.9K | $3.2M | 0.7% | -4.2% |
| CMP COMPASS MINERALS INTERNATION | Materials | 15.8K | $485K | 0.1% | -93.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 39 | $468.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 39 | $482.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 39 | $382.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 39 | $363.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 39 | $380.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 38 | $285.1M | canonical | SEC ↗ |
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