Mantle Ridge LP

Fundamental diversified ★Signal consumer_discretionary specialist (100%) CIK 1695459
Long book
$1.33B
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
50%
of book per quarter

Strategy in plain words

auto-generated from filings

Mantle Ridge LP is a diversified fundamental manager, specialised in consumer_discretionary (100% of the long book), running a $1.33B US long book across 1 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: DOLLAR TREE INC.

Over the last 9 quarters its long book ran on average 5.9pp per quarter behind 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
-19.8%
Q2 2024
-34.1%
Q3 2024
+6.6%
Q4 2024
+1.4%
Q1 2025
+11.5%
Q2 2025
-3.7%
Q3 2025
+11.0%
Q4 2025
+1.0%
Q1 2026
+13.3%

Sector allocation

Consumer discretionary
100%

Long book by quarter

$1.61B
Q1 2024
$1.29B
Q2 2024
$851.2M
Q3 2024
$2.10B
Q4 2024
$2.12B
Q1 2025
$2.36B
Q2 2025
$2.26B
Q3 2025
$2.50B
Q4 2025
$1.33B
Q1 2026

What does Mantle Ridge own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DLTR DOLLAR TREE INCConsumer discretionary12.1M$1.33B100.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20261$1.33B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20262$2.50B canonicalSEC ↗
Q3 202513F-HRNov 14, 20252$2.26B canonicalSEC ↗
Q2 202513F-HRAug 14, 20252$2.36B canonicalSEC ↗
Q1 202513F-HRMay 15, 20252$2.12B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20252$2.10B canonicalSEC ↗
Q3 202413F-HRNov 14, 20241$851.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 20241$1.29B canonicalSEC ↗
Q1 202413F-HRMay 15, 20241$1.61B canonicalSEC ↗