Norwood Investment Partners, LP
Long book
$65.0M
Q1 2026
Positions
15
Top-10 weight
84%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsNorwood Investment Partners, LP is a concentrated fundamental stock-picker, running a $65.0M US long book across 15 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GFL ENVIRONMENTAL INC-SUB VT, DRIVEN BRANDS HOLDINGS INC, API GROUP CORP, TFI INTERNATIONAL INC, AMRIZE LTD.
Over the last 9 quarters its long book ran on average 6.1pp per quarter behind the S&P 500, beating the index in 2 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
-10.1%
Q2 2024
+1.5%
Q3 2024
+5.9%
Q4 2024
-17.8%
Q1 2025
+12.3%
Q2 2025
-4.8%
Q3 2025
-6.4%
Q4 2025
-8.3%
Q1 2026
+13.0%
Sector allocation
Services media 36%
Industrials 23%
Utilities 19%
Technology 9%
Consumer discretionary 7%
Real estate 6%
Materials 0%
Long book by quarter
What does Norwood Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GFL GFL ENVIRONMENTAL INC-SUB VT | Utilities | 204.0K | $8.5M | 13.1% | -31.5% |
| DRVN DRIVEN BRANDS HOLDINGS INC | Services media | 629.0K | $7.9M | 12.2% | +10.4% |
| APG API GROUP CORP | Services media | 176.0K | $7.1M | 11.0% | -60.5% |
| TFII TFI INTERNATIONAL INC | Industrials | 64.0K | $7.0M | 10.7% | +100.0% |
| AMRZ AMRIZE LTD | Industrials | 92.4K | $5.2M | 8.0% | +25.3% |
| FLYW FLYWIRE CORP-VOTING | Services media | 388.0K | $4.5M | 7.0% | -34.0% |
| DSGR DISTRIBUTION SOLUTIONS GROUP | Consumer discretionary | 155.5K | $4.1M | 6.3% | +28.8% |
| FSV FIRSTSERVICE CORP | Real estate | 27.3K | $3.8M | 5.8% | -31.7% |
| MGNI MAGNITE INC | Technology | 285.0K | $3.4M | 5.2% | -13.6% |
| CTRI CENTURI HOLDINGS INC | Utilities | 108.0K | $3.2M | 4.9% | New |
| PRTH PRIORITY TECHNOLOGY HOLDINGS | Services media | 556.0K | $2.6M | 4.0% | -11.7% |
| DSP VIANT TECHNOLOGY INC-A | Technology | 220.0K | $2.5M | 3.8% | +123.3% |
| VRRM VERRA MOBILITY CORP | Industrials | 167.0K | $2.4M | 3.7% | New |
| TTAM TITAN AMERICA SA | Materials | 10.2K | $153K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 15 | $65.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 15 | $88.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 15 | $116.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 15 | $133.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 14 | $112.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 12 | $140.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 12 | $148.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 11 | $155.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 13 | $156.6M | canonical | SEC ↗ |
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