MOON CAPITAL MANAGEMENT LP
Long book
$165.6M
Q1 2026
Positions
13
Top-10 weight
99%
concentration
Last quarter
-11.2%
SPY +14.8%
Turnover
59%
of book per quarter
Strategy in plain words
auto-generated from filingsMOON CAPITAL MANAGEMENT LP is a wealth-management firm allocating client money, specialised in financials (88% of the long book), running a $165.6M US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES GOLD TRUST, APTIV PLC, VANECK GOLD MINERS ETF, I-80 GOLD CORP, VANECK JUNIOR GOLD MINERS.
Over the last 9 quarters its long book ran on average 1.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+10.1%
Q3 2024
-9.0%
Q4 2024
+16.7%
Q1 2025
+8.3%
Q2 2025
+18.3%
Q3 2025
+12.8%
Q4 2025
+7.5%
Q1 2026
-11.2%
Sector allocation
Industrials 45%
Consumer discretionary 26%
Materials 26%
Financials 3%
Long book by quarter
What does MOON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| APTV APTIV PLC | Industrials | 82.0K | $5.7M | 3.4% | +6.3% |
| IAUX I-80 GOLD CORP | Materials | 3.0M | $4.5M | 2.7% | -1.4% |
| ADNT ADIENT PLC | Industrials | 100.2K | $2.0M | 1.2% | New |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 6.0K | $2.0M | 1.2% | New |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 6.6K | $1.3M | 0.8% | New |
| LAD LITHIA MOTORS INC | Consumer discretionary | 5.0K | $1.2M | 0.7% | +137.6% |
| BAP CREDICORP LTD | Financials | 1.3K | $435K | 0.3% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 13 | $165.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 11 | $160.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Feb 17, 2026 | 11 | $135.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 11 | $135.9M | SEC ↗ | |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 13 | $131.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 12 | $126.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 17 | $131.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 19 | $139.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 16 | $118.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 14 | $99.6M | canonical | SEC ↗ |