LITTLEJOHN & CO LLC

Fundamental concentrated ★Highest signal CIK 1042537
League rank
#212
in Fundamental concentrated · #409 overall
Long book
$105.5M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+12.7%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

LITTLEJOHN & CO LLC is a concentrated fundamental stock-picker, running a $105.5M US long book across 9 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MAGNERA CORP, ALGOMA STEEL GROUP INC, AVEANNA HEALTHCARE HOLDINGS, BUILDERS FIRSTSOURCE INC, FORWARD AIR CORP.

Over the last 9 quarters its long book ran on average 1.3pp per quarter behind 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
+5.1%
Q2 2024
+41.0%
Q3 2024
-1.2%
Q4 2024
-14.9%
Q1 2025
+0.5%
Q2 2025
+13.6%
Q3 2025
+0.2%
Q4 2025
-28.6%
Q1 2026
+12.7%

Sector allocation

Other
33%
Industrials
25%
Healthcare
18%
Consumer discretionary
13%
Technology
9%
Real estate
2%

Long book by quarter

$147.2M
Q1 2024
$193.9M
Q2 2024
$196.6M
Q3 2024
$196.5M
Q4 2024
$191.8M
Q1 2025
$210.4M
Q2 2025
$198.1M
Q3 2025
$191.9M
Q4 2025
$105.5M
Q1 2026

What does LITTLEJOHN & own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MAGN MAGNERA CORPOther2.4M$23.1M21.9%-6.5%
ASTL ALGOMA STEEL GROUP INCIndustrials3.4M$14.2M13.5%Held
AVAH AVEANNA HEALTHCARE HOLDINGSHealthcare2.2M$14.2M13.4%-21.2%
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary170.7K$14.1M13.3%Held
FWRD FORWARD AIR CORPIndustrials733.3K$12.3M11.6%-69.8%
LPX LOUISIANA-PACIFIC CORPOther160.6K$11.7M11.1%New
TTAN SERVICETITAN INC-ATechnology142.2K$9.0M8.6%-23.1%
ALVO ALVOTECH SAHealthcare1.3M$4.5M4.3%Held
SRG SERITAGE GROWTH PROP- AReal estate885.2K$2.5M2.4%-4.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202618$105.6M canonicalSEC ↗
Q4 202513F-HRFeb 11, 202620$192.0M canonicalSEC ↗
Q3 202513F-HRNov 12, 202520$198.2M canonicalSEC ↗
Q2 202513F-HRAug 13, 202521$210.4M canonicalSEC ↗
Q1 202513F-HRMay 13, 202524$192.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202523$198.3M canonicalSEC ↗
Q3 202413F-HRNov 13, 202425$197.6Mconfidential canonicalSEC ↗
Q2 202413F-HRAug 13, 202430$196.2M canonicalSEC ↗
Q1 202413F-HRMay 9, 202435$156.0M canonicalSEC ↗