Limestone Investment Advisors LP
Long book
$204.0M
Q1 2026
Positions
154
Top-10 weight
37%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
65%
of book per quarter
Strategy in plain words
auto-generated from filingsLimestone Investment Advisors LP is a quantitative fund whose holdings reflect models, not opinions, running a $204.0M US long book across 154 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL A, META PLATFORMS INC-CLASS A, APPLE INC, NEXTPOWER INC-CL A.
Over the last 4 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 1 of 4 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2025
+8.1%
Q3 2025
-0.1%
Q4 2025
-2.6%
Q1 2026
+11.6%
Sector allocation
Technology 40%
Services media 18%
Financials 17%
Industrials 12%
Consumer discretionary 6%
Other 4%
Utilities 2%
Communications 1%
Long book by quarter
What does Limestone Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 30.7K | $11.4M | 5.6% | +384.9% |
| GOOGL ALPHABET INC-CL A | Technology | 38.9K | $11.2M | 5.5% | +81.1% |
| META META PLATFORMS INC-CLASS A | Technology | 18.8K | $10.8M | 5.3% | +578.9% |
| AAPL APPLE INC | Technology | 28.8K | $7.3M | 3.6% | +97.0% |
| NXT NEXTPOWER INC-CL A | Technology | 56.5K | $6.8M | 3.3% | +2.1% |
| AER AERCAP HOLDINGS NV | Services media | 41.2K | $5.7M | 2.8% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 3.7K | $4.9M | 2.4% | +120.0% |
| V VISA INC-CLASS A SHARES | Services media | 13.9K | $4.2M | 2.1% | +410.7% |
| WFC WELLS FARGO & CO | Financials | 45.0K | $3.6M | 1.8% | New |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 18.8K | $3.3M | 1.6% | Held |
| MS MORGAN STANLEY | Financials | 19.8K | $3.3M | 1.6% | New |
| DIS WALT DISNEY CO/THE | Services media | 32.9K | $3.2M | 1.6% | +196.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 41.5K | $3.0M | 1.5% | -15.6% |
| BAC BANK OF AMERICA CORP | Financials | 56.3K | $2.7M | 1.3% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 12.4K | $2.5M | 1.2% | +2646.6% |
| BA BOEING CO/THE | Industrials | 11.8K | $2.4M | 1.2% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.5K | $2.2M | 1.1% | New |
| CPW CHECK POINT SOFTWARE TECH | — | 14.3K | $2.0M | 1.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 6.7K | $2.0M | 1.0% | New |
| MA MASTERCARD INC - A | Services media | 3.7K | $1.8M | 0.9% | +211.7% |
| NEXT NEXTDECADE CORP | Utilities | 235.6K | $1.8M | 0.9% | Held |
| NKE NIKE INC -CL B | Other | 31.6K | $1.7M | 0.8% | New |
| MELI MERCADOLIBRE INC | Services media | 900 | $1.6M | 0.8% | +12.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 5.4K | $1.5M | 0.7% | New |
| CAT CATERPILLAR INC | Industrials | 2.0K | $1.4M | 0.7% | New |
| MWH SOLV ENERGY INC-CL A | Industrials | 47.5K | $1.4M | 0.7% | New |
| GE GENERAL ELECTRIC | Industrials | 5.0K | $1.4M | 0.7% | New |
| CEG CONSTELLATION ENERGY | Utilities | 4.4K | $1.2M | 0.6% | -1.1% |
| HYAC HAYMAKER ACQUISITION CORP 4 | — | 392.2K | $1.2M | 0.6% | +1920.9% |
| MSCI MSCI INC | Services media | 2.0K | $1.1M | 0.5% | Held |
| SPGI S&P GLOBAL INC | Services media | 2.3K | $957K | 0.5% | +25.0% |
| BX BLACKSTONE INC | Financials | 7.9K | $909K | 0.4% | New |
| USB US BANCORP | Financials | 17.3K | $899K | 0.4% | New |
| C CITIGROUP INC | Financials | 7.8K | $879K | 0.4% | New |
| QCOM QUALCOMM INC | Technology | 6.6K | $848K | 0.4% | New |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 14.6K | $822K | 0.4% | -7.3% |
| BBWI BATH & BODY WORKS INC | Consumer discretionary | 39.8K | $744K | 0.4% | New |
| SONO SONOS INC | Industrials | 55.2K | $739K | 0.4% | New |
| GS GOLDMAN SACHS GROUP INC | Financials | 862 | $729K | 0.4% | New |
| VSXY VICTORIA'S SECRET & CO | Consumer discretionary | 15.3K | $710K | 0.3% | New |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 4.8K | $696K | 0.3% | New |
| RFAM RF ACQUISITION CORP III | Financials | 70.7K | $692K | 0.3% | New |
| AEO AMERICAN EAGLE OUTFITTERS | Consumer discretionary | 41.3K | $690K | 0.3% | New |
| ANDG ANDERSEN GROUP INC - A | Services media | 23.4K | $637K | 0.3% | -53.2% |
| AXP AMERICAN EXPRESS CO | Financials | 2.1K | $631K | 0.3% | New |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 12.0K | $612K | 0.3% | New |
| GLW CORNING INC | Industrials | 4.5K | $611K | 0.3% | New |
| PRKS UNITED PARKS & RESORTS INC | Services media | 18.7K | $610K | 0.3% | New |
| RTX RTX CORP | Industrials | 3.1K | $604K | 0.3% | New |
| PLNT PLANET FITNESS INC - CL A | Services media | 8.0K | $594K | 0.3% | New |
13F filing history
Similar funds
DIMENSIONAL FUND ADVISORS LPAQR CAPITAL MANAGEMENT LLCARROWSTREET CAPITAL, LIMITED PARTNERSHIPD. E. Shaw & Co., Inc.TWO SIGMA INVESTMENTS, LPMARSHALL WACE, LLPACADIAN ASSET MANAGEMENT LLCQube Research & Technologies LtdRENAISSANCE TECHNOLOGIES LLCMan Group plcSquarepoint Ops LLCAlyeska Investment Group, L.P.