No Street GP LP

Fundamental concentrated ★Highest signal CIK 1765774
League rank
#378
in Fundamental concentrated · #911 overall
Long book
$1.50B
Q1 2026
Positions
31
Top-10 weight
57%
concentration
Last quarter
+17.5%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

No Street GP LP is a concentrated fundamental stock-picker, running a $1.50B US long book across 31 positions.

The portfolio is concentrated: the top 10 names carry 57% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: UBER TECHNOLOGIES INC, GENERAC HOLDINGS INC, TWILIO INC - A, FAIR ISAAC CORP, CARVANA CO.

Over the last 9 quarters its long book ran on average 1.5pp per quarter ahead of the S&P 500, beating the index in 5 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
+3.8%
Q2 2024
+8.0%
Q3 2024
+19.7%
Q4 2024
-7.6%
Q1 2025
+13.7%
Q2 2025
+10.9%
Q3 2025
-3.2%
Q4 2025
-8.9%
Q1 2026
+17.5%

Sector allocation

Technology
23%
Services media
22%
Other
13%
Industrials
10%
Consumer discretionary
9%
Financials
8%
Consumer staples
6%
Materials
5%

Long book by quarter

$1.14B
Q1 2024
$1.18B
Q2 2024
$1.30B
Q3 2024
$1.48B
Q4 2024
$1.28B
Q1 2025
$1.34B
Q2 2025
$1.50B
Q3 2025
$1.48B
Q4 2025
$1.50B
Q1 2026

What does No Street own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
UBER UBER TECHNOLOGIES INCServices media1.8M$125.9M8.4%+25.0%
GNRC GENERAC HOLDINGS INCIndustrials550.0K$107.4M7.2%+48.6%
TWLO TWILIO INC - ATechnology719.0K$90.5M6.0%-6.9%
FICO FAIR ISAAC CORPServices media81.8K$87.3M5.8%+24.8%
CVNA CARVANA COConsumer discretionary277.0K$87.1M5.8%+15.7%
DAR DARLING INGREDIENTS INCConsumer staples1.4M$86.6M5.8%-26.3%
TRMB TRIMBLE INCOther1.1M$73.4M4.9%+66.7%
CROX CROCS INCOther875.0K$72.6M4.9%New
APP APPLOVIN CORP-CLASS ATechnology181.0K$72.0M4.8%+27.9%
BEEP MOBILE INFRASTRUCTURE CORPReal estate24.3M$54.4M3.6%Held
GDOT GREEN DOT CORP-CLASS AFinancials4.3M$47.7M3.2%+25.0%
YOU CLEAR SECURE INC -CLASS ATechnology836.1K$40.5M2.7%New
OPLN OPENLANE INCConsumer discretionary1.4M$39.4M2.6%+58.6%
ENVA ENOVA INTERNATIONAL INCFinancials287.5K$39.1M2.6%+15.0%
SGI SOMNIGROUP INTERNATIONAL INCOther520.0K$38.4M2.6%+57.6%
LOPE GRAND CANYON EDUCATION INCServices media225.0K$38.3M2.6%-10.0%
SOLS SOLSTICE ADV MATERIALS INCMaterials500.0K$38.1M2.5%+33.3%
APEI AMERICAN PUBLIC EDUCATIONServices media647.6K$36.8M2.5%-30.0%
CE CELANESE CORPMaterials550.0K$36.2M2.4%New
ETSY ETSY INCServices media715.0K$35.7M2.4%New
RKT ROCKET COS INC-CLASS AFinancials2.2M$31.4M2.1%-22.8%
ESTC ELASTIC NVTechnology600.0K$30.0M2.0%+1.4%
DAC DANAOS CORPIndustrials250.0K$28.2M1.9%Held
WDAY WORKDAY INC-CLASS ATechnology200.0K$26.0M1.7%New
TTAN SERVICETITAN INC-ATechnology405.0K$25.7M1.7%New
MGNI MAGNITE INCTechnology1.6M$19.3M1.3%+10.4%
SITM SITIME CORPTechnology55.0K$19.0M1.3%New
SEI SOLARIS ENERGY INFRASTRUCTURIndustrials225.0K$12.7M0.8%-40.0%
RXST RXSIGHT INCHealthcare2.0M$12.3M0.8%+1.3%
CRNC CERENCE INCTechnology1.5M$9.6M0.6%+8.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202632$1.50B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202633$1.48B canonicalSEC ↗
Q3 202513F-HRNov 14, 202531$1.52B canonicalSEC ↗
Q2 202513F-HRAug 14, 202527$1.36B canonicalSEC ↗
Q1 202513F-HRMay 15, 202527$1.28B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202531$1.51B canonicalSEC ↗
Q3 202413F-HRNov 14, 202436$1.30B canonicalSEC ↗
Q2 202413F-HRAug 14, 202436$1.63B canonicalSEC ↗
Q1 202413F-HRMay 15, 202434$1.36B canonicalSEC ↗

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