Nut Tree Capital Management, LP

Fundamental concentrated ★Highest signal CIK 1661655
League rank
#640
in Fundamental concentrated · #5653 overall
Long book
$245.3M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+24.7%
SPY +14.8%
Turnover
63%
of book per quarter

Strategy in plain words

auto-generated from filings

Nut Tree Capital Management, LP is a concentrated fundamental stock-picker, running a $245.3M US long book across 4 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: GRUPO AEROMEXICO SAB DE CV, AVEANNA HEALTHCARE HOLDINGS, BRIGHTSPIRE CAPITAL INC, VISTANCE NETWORKS INC.

Over the last 9 quarters its long book ran on average 0.4pp 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
-9.0%
Q2 2024
+10.6%
Q3 2024
-13.1%
Q4 2024
-3.8%
Q1 2025
+5.5%
Q2 2025
+31.1%
Q3 2025
+7.2%
Q4 2025
-9.6%
Q1 2026
+24.7%

Sector allocation

Healthcare
88%
Technology
12%

Long book by quarter

$312.2M
Q1 2024
$341.4M
Q2 2024
$365.5M
Q3 2024
$256.3M
Q4 2024
$280.2M
Q1 2025
$295.2M
Q2 2025
$369.8M
Q3 2025
$442.5M
Q4 2025
$245.3M
Q1 2026

What does Nut Tree own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AVAH AVEANNA HEALTHCARE HOLDINGSHealthcare12.9M$83.2M33.9%+4.4%
VISN VISTANCE NETWORKS INCTechnology600.0K$10.9M4.5%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20264$245.3M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20269$530.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 20258$433.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 202510$339.7M canonicalSEC ↗
Q1 202513F-HRMay 15, 202512$306.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202510$291.9M canonicalSEC ↗
Q3 202413F-HRNov 14, 202413$442.8M canonicalSEC ↗
Q2 202413F-HRAug 14, 202415$390.5M canonicalSEC ↗
Q1 202413F-HR/ANEW HOLDINGSMay 16, 20241$79.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 202410$281.9M canonicalSEC ↗