Packer & Co Ltd
Long book
$267.4M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+3.8%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsPacker & Co Ltd is a diversified fundamental manager, running a $267.4M US long book across 10 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: PETROLEO BRASIL-SP PREF ADR, CENTENE CORP, NEXGEN ENERGY LTD, SEADRILL LIMITED, NOBLE CORP PLC.
Over the last 8 quarters its long book ran on average 3pp per quarter ahead of the S&P 500, beating the index in 5 of 8 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
+6.3%
Q2 2024
+8.2%
Q3 2024
-4.2%
Q4 2024
+10.1%
Q1 2025
+9.0%
Q3 2025
+9.5%
Q4 2025
+13.6%
Q1 2026
+3.8%
Sector allocation
Energy 49%
Financials 27%
Materials 17%
Services media 6%
Utilities 1%
Long book by quarter
What does Packer & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CNC CENTENE CORP | Financials | 1.4M | $46.3M | 17.3% | Held |
| NXE NEXGEN ENERGY LTD | Materials | 2.4M | $28.1M | 10.5% | -19.8% |
| SDRL SEADRILL LIMITED | Energy | 613.1K | $27.9M | 10.4% | +148.1% |
| NE NOBLE CORP PLC | Energy | 515.0K | $25.3M | 9.5% | +59.4% |
| VAL VALARIS LTD | Energy | 203.0K | $19.9M | 7.4% | Held |
| PYPL PAYPAL HOLDINGS INC | Services media | 230.0K | $10.4M | 3.9% | Held |
| RIG TRANSOCEAN LTD | Energy | 1.4M | $9.3M | 3.5% | New |
| AQN ALGONQUIN POWER & UTILITIES | Utilities | 289.6K | $1.8M | 0.7% | -93.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 10 | $267.4M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 10 | $375.6M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 9 | $361.9M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 10 | $329.2M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 6 | $312.9M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 3 | $295K | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 3 | $294K | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 3 | $286K | canonical | SEC ↗ |
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