LONG WALK MANAGEMENT LP

Fundamental concentrated ★Highest signal CIK 1869470
League rank
#639
in Fundamental concentrated · #3916 overall
Long book
$343.5M
Q1 2026
Positions
11
Top-10 weight
95%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
38%
of book per quarter

Strategy in plain words

auto-generated from filings

LONG WALK MANAGEMENT LP is a concentrated fundamental stock-picker, running a $343.5M US long book across 11 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: DOORDASH INC - A, NU HOLDINGS LTD/CAYMAN ISL-A, COUPANG INC, ALPHABET INC-CL A, UBIQUITI INC.

Over the last 9 quarters its long book ran on average 4.6pp per quarter ahead of the S&P 500, beating the index in 5 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
-4.3%
Q2 2024
+10.3%
Q3 2024
+42.9%
Q4 2024
-0.9%
Q1 2025
+30.5%
Q2 2025
+20.9%
Q3 2025
-15.1%
Q4 2025
-14.3%
Q1 2026
+11.4%

Sector allocation

Technology
45%
Services media
23%
Financials
12%
Consumer discretionary
12%
Communications
8%

Long book by quarter

$200.5M
Q1 2024
$211.8M
Q2 2024
$241.7M
Q3 2024
$279.3M
Q4 2024
$308.7M
Q1 2025
$395.1M
Q2 2025
$494.8M
Q3 2025
$449.5M
Q4 2025
$343.5M
Q1 2026

What does LONG WALK own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DASH DOORDASH INC - AServices media282.5K$42.4M12.3%-24.3%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials2.9M$42.2M12.3%-22.5%
CPNG COUPANG INCConsumer discretionary2.2M$40.8M11.9%+29.1%
GOOGL ALPHABET INC-CL ATechnology137.5K$39.5M11.5%+37.5%
UI UBIQUITI INCTechnology45.3K$35.8M10.4%-46.2%
APPF APPFOLIO INC - ATechnology204.5K$32.3M9.4%-46.4%
SPOT SPOTIFY TECHNOLOGY SACommunications54.6K$26.5M7.7%+134.2%
PINS PINTEREST INC- CLASS ATechnology1.3M$23.7M6.9%New
NBIS NEBIUS GROUP NVTechnology217.0K$22.5M6.6%-26.3%
ABNB AIRBNB INC-CLASS AServices media162.5K$20.5M6.0%New
NFLX NETFLIX INCServices media180.0K$17.3M5.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202611$343.5M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202610$449.5M canonicalSEC ↗
Q3 202513F-HRNov 7, 20259$494.8M canonicalSEC ↗
Q2 202513F-HRAug 14, 20259$395.1M canonicalSEC ↗
Q1 202513F-HRMay 14, 202511$308.7M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202511$279.3M canonicalSEC ↗
Q3 202413F-HRNov 1, 202410$241.7M canonicalSEC ↗
Q2 202413F-HRAug 13, 20249$211.8M canonicalSEC ↗
Q1 202413F-HRMay 9, 202410$200.5M canonicalSEC ↗