Newbrook Capital Advisors LP

Fundamental concentrated ★Signal CIK 1389875
League rank
#313
in Fundamental concentrated · #646 overall
Long book
$537.7M
Q1 2026
Positions
15
Top-10 weight
83%
concentration
Last quarter
+19.5%
SPY +14.8%
Turnover
65%
of book per quarter

Strategy in plain words

auto-generated from filings

Newbrook Capital Advisors LP is a concentrated fundamental stock-picker, running a $537.7M US long book across 15 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: APOLLO GLOBAL MANAGEMENT INC, TAIWAN SEMICONDUCTOR-SP ADR, HUT 8 CORP, ROYAL CARIBBEAN CRUISES LTD, ROCKET COS INC-CLASS A.

Over the last 9 quarters its long book ran on average 1.2pp 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
+3.6%
Q2 2024
+10.5%
Q3 2024
+4.5%
Q4 2024
-8.0%
Q1 2025
+16.8%
Q2 2025
+11.8%
Q3 2025
+1.1%
Q4 2025
-8.8%
Q1 2026
+19.5%

Sector allocation

Financials
46%
Industrials
38%
Communications
11%
Services media
6%

Long book by quarter

$771.2M
Q1 2024
$680.0M
Q2 2024
$741.7M
Q3 2024
$779.9M
Q4 2024
$633.3M
Q1 2025
$793.5M
Q2 2025
$817.6M
Q3 2025
$797.5M
Q4 2025
$537.7M
Q1 2026

What does Newbrook Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
APO APOLLO GLOBAL MANAGEMENT INCFinancials672.4K$74.9M13.9%+21.1%
HUT HUT 8 CORPFinancials1.1M$51.0M9.5%New
RCL ROYAL CARIBBEAN CRUISES LTDIndustrials168.1K$46.3M8.6%+0.3%
RKT ROCKET COS INC-CLASS AFinancials2.8M$40.1M7.5%+27.3%
ECHO ECHOSTAR CORP-ACommunications326.9K$38.3M7.1%New
MTZ MASTEC INCIndustrials113.0K$36.4M6.8%New
GE GENERAL ELECTRICIndustrials105.8K$30.0M5.6%-5.8%
FTAI FTAI AVIATION LTDServices media82.6K$20.2M3.8%-73.8%
DCH DAUCH CORPORATIONIndustrials2.1M$12.3M2.3%-1.6%
SN SHARKNINJA INCIndustrials113.5K$12.0M2.2%-68.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202616$560.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202620$797.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 202520$817.6M canonicalSEC ↗
Q2 202513F-HRAug 14, 202522$793.5M canonicalSEC ↗
Q1 202513F-HRMay 15, 202518$633.3M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202519$779.9M canonicalSEC ↗
Q3 202413F-HRNov 14, 202417$741.7M canonicalSEC ↗
Q2 202413F-HRAug 14, 202418$680.0M canonicalSEC ↗
Q1 202413F-HRMay 15, 202419$771.2M canonicalSEC ↗