OCO Capital Partners, L.P.

Fundamental diversified ★Signal CIK 1764525
Long book
$380.2M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+48.7%
SPY +14.8%
Turnover
38%
of book per quarter

Strategy in plain words

auto-generated from filings

OCO Capital Partners, L.P. is a diversified fundamental manager, running a $380.2M US long book across 8 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: VIASAT INC, APOLLO GLOBAL MANAGEMENT INC, ROCKET COS INC-CLASS A, KKR & CO INC, BLUE OWL CAPITAL INC.

Over the last 9 quarters its long book ran on average 13.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+3.6%
Q3 2024
+24.4%
Q4 2024
-12.3%
Q1 2025
+20.3%
Q2 2025
+48.1%
Q3 2025
+15.5%
Q4 2025
+8.6%
Q1 2026
+48.7%

Sector allocation

Communications
54%
Financials
46%
Services media
0%

Long book by quarter

$106.9M
Q1 2024
$116.9M
Q2 2024
$131.4M
Q3 2024
$153.2M
Q4 2024
$175.9M
Q1 2025
$233.1M
Q2 2025
$311.5M
Q3 2025
$351.1M
Q4 2025
$380.2M
Q1 2026

What does OCO Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
VSAT VIASAT INCCommunications4.5M$206.1M54.2%-24.4%
APO APOLLO GLOBAL MANAGEMENT INCFinancials525.0K$58.5M15.4%+16.7%
RKT ROCKET COS INC-CLASS AFinancials4.0M$57.0M15.0%+12.7%
KKR KKR & CO INCFinancials235.0K$21.7M5.7%New
OWL BLUE OWL CAPITAL INCFinancials2.2M$20.1M5.3%+177.9%
ARES ARES MANAGEMENT CORP - AFinancials87.5K$9.5M2.5%New
AFRM AFFIRM HOLDINGS INCFinancials150.0K$6.9M1.8%New
KPLT KATAPULT HOLDINGS INCServices media50.0K$353K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20269$407.9M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20266$519.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$311.5M canonicalSEC ↗
Q2 202513F-HRAug 14, 20254$233.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 20254$175.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$153.2M canonicalSEC ↗
Q3 202413F-HRNov 14, 20244$232.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 20244$189.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 20243$106.9M canonicalSEC ↗