Night Squared LP
Long book
$680.7M
Q1 2026
Positions
72
Top-10 weight
28%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
73%
of book per quarter
Strategy in plain words
auto-generated from filingsNight Squared LP is an institutional manager, running a $680.7M US long book across 72 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ANALOG DEVICES INC, TAIWAN SEMICONDUCTOR-SP ADR, SHERWIN-WILLIAMS CO/THE, AMAZON.COM INC, NVIDIA CORP.
Over the last 5 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 3 of 5 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2025
+18.8%
Q2 2025
+1.1%
Q3 2025
-1.0%
Q4 2025
-1.8%
Q1 2026
+18.3%
Sector allocation
Technology 30%
Consumer discretionary 23%
Consumer staples 13%
Industrials 12%
Materials 8%
Other 7%
Services media 6%
Communications 2%
Long book by quarter
What does Night Squared own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ADI ANALOG DEVICES INC | Technology | 70.9K | $22.6M | 3.3% | +128.6% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 64.4K | $20.6M | 3.0% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 90.1K | $18.8M | 2.8% | +176.2% |
| NVDA NVIDIA CORP | Technology | 104.5K | $18.2M | 2.7% | +811.4% |
| GWW WW GRAINGER INC | Consumer discretionary | 16.7K | $18.2M | 2.7% | New |
| MO ALTRIA GROUP INC | Consumer staples | 268.6K | $17.7M | 2.6% | New |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 59.5K | $17.3M | 2.5% | New |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 84.0K | $16.6M | 2.4% | New |
| DASH DOORDASH INC - A | Services media | 110.1K | $16.5M | 2.4% | +569.7% |
| SJM JM SMUCKER CO/THE | Consumer staples | 168.0K | $16.2M | 2.4% | +72.4% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 14.6K | $16.0M | 2.3% | +439.0% |
| TT TRANE TECHNOLOGIES PLC | Technology | 38.0K | $15.8M | 2.3% | New |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 32.6K | $15.8M | 2.3% | +577.1% |
| AMAT APPLIED MATERIALS INC | Technology | 45.1K | $15.4M | 2.3% | +42.9% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 66.1K | $15.4M | 2.3% | New |
| PEP PEPSICO INC | Consumer staples | 99.1K | $15.4M | 2.3% | New |
| CHD CHURCH & DWIGHT CO INC | Other | 155.5K | $14.5M | 2.1% | New |
| TOST TOAST INC-CLASS A | Technology | 532.1K | $14.1M | 2.1% | +240.4% |
| DDOG DATADOG INC - CLASS A | Technology | 117.8K | $13.9M | 2.0% | New |
| CAT CATERPILLAR INC | Industrials | 19.6K | $13.9M | 2.0% | New |
| BURL BURLINGTON STORES INC | Consumer discretionary | 40.8K | $13.3M | 1.9% | New |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 169.6K | $12.9M | 1.9% | New |
| VMC VULCAN MATERIALS CO | Materials | 45.8K | $12.5M | 1.8% | +159.1% |
| META META PLATFORMS INC-CLASS A | Technology | 21.6K | $12.3M | 1.8% | +273.1% |
| PCAR PACCAR INC | Industrials | 104.8K | $12.1M | 1.8% | New |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 204.4K | $11.8M | 1.7% | New |
| EAT BRINKER INTERNATIONAL INC | Consumer discretionary | 76.0K | $10.9M | 1.6% | +64.2% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 146.5K | $10.8M | 1.6% | New |
| PH PARKER HANNIFIN CORP | Industrials | 12.0K | $10.7M | 1.6% | New |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 27.0K | $10.6M | 1.6% | New |
| CTVA CORTEVA INC | Consumer staples | 124.5K | $10.4M | 1.5% | +13.4% |
| FIVE FIVE BELOW | Consumer discretionary | 44.4K | $10.2M | 1.5% | New |
| BALL BALL CORP | Industrials | 169.9K | $10.0M | 1.5% | New |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 123.4K | $8.9M | 1.3% | New |
| KMB KIMBERLY-CLARK CORP | Other | 90.6K | $8.7M | 1.3% | New |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 15.4K | $8.1M | 1.2% | +6.4% |
| LITE LUMENTUM HOLDINGS INC | Technology | 10.7K | $7.5M | 1.1% | New |
| FIX COMFORT SYSTEMS USA INC | Industrials | 5.4K | $7.4M | 1.1% | New |
| XYL XYLEM INC | Industrials | 61.6K | $7.4M | 1.1% | +35.8% |
| GLW CORNING INC | Industrials | 53.9K | $7.3M | 1.1% | New |
| CAVA CAVA GROUP INC | Consumer discretionary | 88.6K | $7.2M | 1.1% | New |
| DOW DOW INC | Materials | 170.9K | $7.1M | 1.0% | New |
| PANW PALO ALTO NETWORKS INC | Technology | 40.3K | $6.5M | 1.0% | +48.7% |
| SKY CHAMPION HOMES INC | Other | 81.4K | $6.1M | 0.9% | +62.7% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 28.6K | $5.6M | 0.8% | -7.4% |
| LRCX LAM RESEARCH CORP | Industrials | 25.6K | $5.5M | 0.8% | +95.5% |
| NFLX NETFLIX INC | Services media | 55.0K | $5.3M | 0.8% | +290.8% |
| TTEK TETRA TECH INC | Services media | 174.7K | $5.3M | 0.8% | +139.9% |
| TGT TARGET CORP | Consumer discretionary | 42.5K | $5.2M | 0.8% | New |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 15.7K | $4.8M | 0.7% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 72 | $680.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 65 | $354.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 54 | $277.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 54 | $224.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Aug 20, 2025 | 44 | $169.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 44 | $169.1M | SEC ↗ |
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