MSD Partners, L.P.
Long book
$82.3M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+35.0%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsMSD Partners, L.P. is a concentrated fundamental stock-picker, running a $82.3M US long book across 8 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: LINDBLAD EXPEDITIONS HOLDING, ODDITY TECH LTD-CL A, XPONENTIAL FITNESS INC-A, RENEW ENERGY GLOBAL PLC-A, EMERALD HOLDING 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 4 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
-18.3%
Q2 2024
+21.6%
Q3 2024
+2.6%
Q4 2024
-6.7%
Q1 2025
+44.3%
Q2 2025
-12.3%
Q3 2025
-29.0%
Q4 2025
-50.2%
Q1 2026
+35.0%
Sector allocation
Industrials 36%
Other 30%
Services media 21%
Utilities 12%
Technology 1%
Healthcare 0%
Long book by quarter
What does MSD Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LIND LINDBLAD EXPEDITIONS HOLDING | Industrials | 1.6M | $28.3M | 34.4% | New |
| ODD ODDITY TECH LTD-CL A | Other | 1.8M | $23.8M | 29.0% | Held |
| XPOF XPONENTIAL FITNESS INC-A | Services media | 1.7M | $10.0M | 12.1% | Held |
| RNW RENEW ENERGY GLOBAL PLC-A | Utilities | 2.1M | $9.6M | 11.6% | Held |
| EEX EMERALD HOLDING INC | Services media | 1.4M | $6.3M | 7.7% | Held |
| TTAN SERVICETITAN INC-A | Technology | 18.4K | $1.2M | 1.4% | Held |
| TLSI TRISALUS LIFE SCIENCES INC | Healthcare | 40.0K | $160K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8 | $82.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 7 | $108.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 7 | $150.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 7 | $172.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $134.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 9 | $142.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 17 | $157.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 18 | $1.02B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 18 | $1.25B | canonical | SEC ↗ |
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