Long Focus Capital Management, LLC

Fundamental diversified ★Signal CIK 1602716
League rank
#267
in Fundamental diversified · #1174 overall
Long book
$2.28B
Q1 2026
Positions
84
Top-10 weight
34%
concentration
Last quarter
+16.3%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

Long Focus Capital Management, LLC is a diversified fundamental manager, running a $2.28B US long book across 84 positions.

The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: AMAZON.COM INC, CHARTER COMMUNICATIONS INC-A, MOLINA HEALTHCARE INC, FTAI AVIATION LTD, CAESARS ENTERTAINMENT INC.

Over the last 9 quarters its long book ran on average 0.9pp per quarter ahead of the S&P 500, beating the index in 5 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
+4.9%
Q2 2024
+11.7%
Q3 2024
+3.3%
Q4 2024
-4.5%
Q1 2025
+8.1%
Q2 2025
+12.4%
Q3 2025
+1.9%
Q4 2025
-5.9%
Q1 2026
+16.3%

Sector allocation

Financials
25%
Services media
17%
Consumer discretionary
13%
Communications
12%
Healthcare
8%
Technology
7%
Industrials
5%
Utilities
3%

Long book by quarter

$865.8M
Q1 2024
$966.8M
Q2 2024
$1.13B
Q3 2024
$1.31B
Q4 2024
$1.47B
Q1 2025
$1.55B
Q2 2025
$1.75B
Q3 2025
$2.01B
Q4 2025
$2.28B
Q1 2026

What does Long Focus own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary704.2K$146.7M6.4%+230.3%
CHTR CHARTER COMMUNICATIONS INC-ACommunications415.0K$89.6M3.9%-2.8%
MOH MOLINA HEALTHCARE INCFinancials615.0K$82.0M3.6%+35.2%
FTAI FTAI AVIATION LTDServices media315.0K$77.2M3.4%-43.8%
CZR CAESARS ENTERTAINMENT INCServices media2.7M$71.8M3.1%+0.2%
ET ENERGY TRANSFER LPUtilities3.3M$64.5M2.8%Held
CMCSA COMCAST CORP-CLASS ACommunications2.2M$64.3M2.8%Held
CVS CVS HEALTH CORPHealthcare894.0K$64.2M2.8%+6.4%
CNC CENTENE CORPFinancials1.9M$63.1M2.8%-5.7%
GLNG GOLAR LNG LTDIndustrials1.2M$62.4M2.7%-24.4%
DIS WALT DISNEY CO/THEServices media565.0K$54.5M2.4%New
APO APOLLO GLOBAL MANAGEMENT INCFinancials484.0K$53.9M2.4%+2481.3%
UNH UNITEDHEALTH GROUP INCFinancials188.0K$50.9M2.2%+54.4%
VSAT VIASAT INCCommunications1.1M$49.9M2.2%+4.3%
AR ANTERO RESOURCES CORPEnergy1.2M$49.7M2.2%-10.8%
HUM HUMANA INCFinancials285.0K$49.4M2.2%+68.1%
PINS PINTEREST INC- CLASS ATechnology2.7M$49.4M2.2%+114.3%
RKT ROCKET COS INC-CLASS AFinancials3.3M$47.4M2.1%+17.9%
HHH HOWARD HUGHES HOLDINGS INCReal estate733.7K$46.4M2.0%+98.7%
MSFT MICROSOFT CORPTechnology124.0K$45.9M2.0%New
KKR KKR & CO INCFinancials492.0K$45.5M2.0%New
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary479.0K$39.4M1.7%+43.0%
B BARRICK MINING CORPMaterials900.0K$36.7M1.6%New
PENN PENN ENTERTAINMENT INCServices media2.1M$32.3M1.4%+14.4%
AGO ASSURED GUARANTY LTDFinancials380.0K$31.0M1.4%Held
AURA AURA BIOSCIENCES INCHealthcare4.6M$30.9M1.4%Held
FOUR SHIFT4 PAYMENTS INC-CLASS AServices media675.0K$29.5M1.3%+90.7%
UBER UBER TECHNOLOGIES INCServices media399.0K$28.7M1.3%New
MAT MATTEL INCOther1.9M$27.9M1.2%New
HAPN HAPPEN INCFinancials1.9M$27.7M1.2%+61.3%
TIC TIC SOLUTIONS INCServices media4.1M$27.0M1.2%+33.4%
COF CAPITAL ONE FINANCIAL CORPFinancials145.0K$26.5M1.2%New
HLF HERBALIFE LTDConsumer discretionary1.7M$25.0M1.1%-26.1%
INSM INSMED INCHealthcare145.0K$23.7M1.0%+16.0%
WOOF PETCO HEALTH AND WELLNESS COConsumer discretionary8.0M$22.3M1.0%+3.2%
ONIT ONITY GROUP INCFinancials540.6K$21.2M0.9%-12.4%
FIP FTAI INFRASTRUCTURE INCIndustrials4.1M$20.1M0.9%-28.3%
LBRDA LIBERTY BROADBAND-ACommunications375.0K$18.8M0.8%Held
CIGI COLLIERS INTL GR-SUBORD VOTReal estate175.0K$18.7M0.8%New
WYNN WYNN RESORTS LTDServices media165.0K$16.8M0.7%+83.3%
CRM SALESFORCE INCTechnology88.0K$16.4M0.7%New
LAB STANDARD BIOTOOLS INCHealthcare16.0M$14.7M0.6%+26.3%
LAD LITHIA MOTORS INCConsumer discretionary56.0K$14.0M0.6%+19.1%
LBTYK LIBERTY GLOBAL LTD-CCommunications1.2M$13.9M0.6%-20.8%
SGHT SIGHT SCIENCES INCHealthcare3.6M$13.5M0.6%+9.2%
ARHS ARHAUS INCConsumer discretionary2.0M$13.4M0.6%+52.7%
PAR PAR TECHNOLOGY CORP/DELTechnology990.0K$13.2M0.6%Held
UAL UNITED AIRLINES HOLDINGS INCIndustrials119.0K$11.0M0.5%-14.4%
LILAK LIBERTY LATIN AMERIC-CL CCommunications1.2M$10.6M0.5%-23.0%
PZZA PAPA JOHN'S INTL INCConsumer discretionary310.6K$10.1M0.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202697$3.80B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202692$3.80B canonicalSEC ↗
Q3 202513F-HRNov 14, 202594$3.03B canonicalSEC ↗
Q2 202513F-HRAug 14, 202593$2.64B canonicalSEC ↗
Q1 202513F-HRMay 15, 202599$3.00B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025102$3.08B canonicalSEC ↗
Q3 202413F-HRNov 13, 2024101$2.85B SEC ↗
Q3 202413F-HR/ARESTATEMENTNov 13, 2024101$2.85B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024102$2.61B canonicalSEC ↗
Q1 202413F-HRMay 14, 202498$1.95B canonicalSEC ↗