Orvieto Partners, L.P.
Long book
$116.9M
Q1 2026
Positions
44
Top-10 weight
56%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsOrvieto Partners, L.P. is a concentrated fundamental stock-picker, specialised in services_media (66% of the long book), running a $116.9M US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: PENN ENTERTAINMENT INC, BRIGHTSTAR LOTTERY PLC, CHURCHILL DOWNS INC, PEOPLE INC, GAMING AND LEISURE PROPERTIE.
Over the last 6 quarters its long book ran on average 3.7pp per quarter behind the S&P 500, beating the index in 2 of 6 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
Q4 2024
-12.1%
Q1 2025
+1.6%
Q2 2025
+6.9%
Q3 2025
-7.2%
Q4 2025
+1.6%
Q1 2026
+15.0%
Sector allocation
Services media 72%
Technology 7%
Industrials 5%
Materials 4%
Energy 4%
Other 3%
Utilities 3%
Communications 1%
Long book by quarter
What does Orvieto Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PENN PENN ENTERTAINMENT INC | Services media | 643.4K | $9.7M | 8.3% | +15.9% |
| BRSL BRIGHTSTAR LOTTERY PLC | Services media | 753.6K | $9.6M | 8.2% | +2.0% |
| CHDN CHURCHILL DOWNS INC | Services media | 95.7K | $8.6M | 7.4% | +27.6% |
| PPLI PEOPLE INC | Technology | 170.0K | $6.8M | 5.8% | +9.7% |
| PRKS UNITED PARKS & RESORTS INC | Services media | 177.0K | $5.8M | 4.9% | +6.0% |
| MTN VAIL RESORTS INC | Services media | 40.0K | $5.1M | 4.4% | +33.3% |
| H HYATT HOTELS CORP - CL A | Services media | 30.0K | $4.3M | 3.7% | +100.0% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 157.1K | $4.2M | 3.6% | +41.7% |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 149.1K | $4.1M | 3.5% | +7.2% |
| UHAL U-HAUL HOLDING CO | Services media | 79.2K | $3.8M | 3.2% | -37.6% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 100.0K | $3.7M | 3.2% | -13.0% |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 35.0K | $2.8M | 2.4% | +250.0% |
| KGS KODIAK GAS SERVICES INC | Utilities | 48.0K | $2.8M | 2.4% | -73.8% |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 60.6K | $2.7M | 2.3% | New |
| RRR RED ROCK RESORTS INC-CLASS A | Services media | 50.0K | $2.7M | 2.3% | New |
| WYNN WYNN RESORTS LTD | Services media | 25.0K | $2.5M | 2.2% | -44.4% |
| SDRL SEADRILL LIMITED | Energy | 55.0K | $2.5M | 2.1% | -44.7% |
| RJET REPUBLIC AIRWAYS HOLDINGS IN | Industrials | 117.0K | $2.1M | 1.8% | +47.2% |
| AESI ATLAS ENERGY SOLUTIONS INC | Energy | 130.0K | $1.7M | 1.5% | +30.0% |
| FLL FULL HOUSE RESORTS INC | Services media | 714.9K | $1.6M | 1.4% | +40.9% |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 80.0K | $1.5M | 1.3% | +77.8% |
| VIK VIKING HOLDINGS LTD | Industrials | 20.0K | $1.5M | 1.3% | Held |
| LYFT LYFT INC-A | Services media | 110.0K | $1.5M | 1.3% | Held |
| ACEL ACCEL ENTERTAINMENT INC | Services media | 133.8K | $1.5M | 1.2% | +74.8% |
| GDEN GOLDEN ENTERTAINMENT INC | — | 54.5K | $1.5M | 1.2% | Held |
| FUN SIX FLAGS ENTERTAINMENT CORP | Services media | 65.0K | $1.2M | 1.0% | New |
| UBER UBER TECHNOLOGIES INC | Services media | 15.0K | $1.1M | 0.9% | +200.0% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 3.3K | $1.0M | 0.9% | Held |
| MTCH MATCH GROUP INC | Technology | 30.0K | $921K | 0.8% | Held |
| CALY CALLAWAY GOLF COMPANY | Other | 60.0K | $833K | 0.7% | -67.6% |
| BYD BOYD GAMING CORP | Services media | 10.0K | $822K | 0.7% | -75.0% |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 7.0K | $714K | 0.6% | Held |
| ECHO ECHOSTAR CORP-A | Communications | 5.0K | $585K | 0.5% | -50.0% |
| LVS LAS VEGAS SANDS CORP | Services media | 10.0K | $539K | 0.5% | -80.0% |
| KMX CARMAX INC | Consumer discretionary | 10.0K | $416K | 0.4% | Held |
| GAU GALIANO GOLD INC | Materials | 100.0K | $251K | 0.2% | Held |
| LIND LINDBLAD EXPEDITIONS HOLDING | Industrials | 13.8K | $238K | 0.2% | Held |
| TALO TALOS ENERGY INC | Energy | 10.0K | $158K | 0.1% | -76.1% |
| HTZ HERTZ GLOBAL HLDGS INC | Services media | 20.0K | $92K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 44 | $116.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 44 | $123.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 42 | $120.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 38 | $112.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 37 | $114.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 35 | $118.6M | canonical | SEC ↗ |
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