Obion Capital Management LP

Fundamental concentrated ★Highest signal CIK 2011555
League rank
#539
in Fundamental concentrated · #2397 overall
Long book
$101.4M
Q1 2026
Positions
15
Top-10 weight
80%
concentration
Last quarter
+13.4%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Obion Capital Management LP is a concentrated fundamental stock-picker, running a $101.4M US long book across 15 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: HILTON WORLDWIDE HOLDINGS IN, SHERWIN-WILLIAMS CO/THE, SONIDA SENIOR LIVING INC, O'REILLY AUTOMOTIVE INC, AUTOZONE INC.

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
Q4 2025
-1.2%
Q1 2026
+13.4%

Sector allocation

Consumer discretionary
25%
Services media
22%
Materials
18%
Industrials
16%
Financials
10%
Healthcare
9%

Long book by quarter

$104.0M
Q4 2025
$101.4M
Q1 2026

What does Obion Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
HLT HILTON WORLDWIDE HOLDINGS INServices media47.9K$14.6M14.4%Held
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary27.5K$8.8M8.7%+27.3%
SNDA SONIDA SENIOR LIVING INCHealthcare268.8K$8.7M8.5%+38.1%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary88.1K$8.1M8.0%Held
AZO AUTOZONE INCConsumer discretionary2.4K$8.1M8.0%Held
GE GENERAL ELECTRICIndustrials26.2K$7.4M7.3%+13.9%
MCO MOODY'S CORPServices media16.8K$7.3M7.2%+9.8%
AON AON PLC-CLASS AFinancials19.1K$6.2M6.1%+17.9%
VMC VULCAN MATERIALS COMaterials22.5K$6.1M6.0%+27.7%
MLM MARTIN MARIETTA MATERIALSMaterials9.9K$5.9M5.8%+6.0%
LIN LINDE PLCMaterials11.8K$5.8M5.7%-57.7%
HEI HEICO CORPIndustrials15.5K$4.3M4.2%+85.4%
HEI/A HEICO CORP-CLASS AIndustrials19.3K$4.1M4.0%+93.6%
AJG ARTHUR J GALLAGHER & COFinancials16.4K$3.5M3.5%-17.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202615$101.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202615$104.0M canonicalSEC ↗