Palliser Capital (UK) Ltd

Fundamental diversified ★Signal materials specialist (92%) CIK 1881490
Long book
$128.8M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
-1.5%
SPY +14.8%
Turnover
57%
of book per quarter

Strategy in plain words

auto-generated from filings

Palliser Capital (UK) Ltd is a diversified fundamental manager, specialised in materials (92% of the long book), running a $128.8M US long book across 5 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: RIO TINTO PLC-SPON ADR, BARRICK MINING CORP, COGENT COMMUNICATIONS HOLDIN, ROPER TECHNOLOGIES INC, BLUE OWL CAPITAL INC.

Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 5 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
-4.2%
Q2 2024
+17.7%
Q3 2024
-8.2%
Q4 2024
+5.8%
Q1 2025
-0.4%
Q2 2025
+16.8%
Q3 2025
+7.7%
Q4 2025
+13.6%
Q1 2026
-1.5%

Sector allocation

Materials
67%
Communications
20%
Technology
9%
Financials
5%

Long book by quarter

$73.4M
Q1 2024
$99.7M
Q2 2024
$148.1M
Q3 2024
$125.1M
Q4 2024
$84.6M
Q1 2025
$137.2M
Q2 2025
$136.3M
Q3 2025
$146.8M
Q4 2025
$128.8M
Q1 2026

What does Palliser Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
B BARRICK MINING CORPMaterials523.7K$21.4M16.6%+10.0%
CCOI COGENT COMMUNICATIONS HOLDINCommunications334.4K$6.3M4.9%-21.5%
ROP ROPER TECHNOLOGIES INCTechnology8.2K$2.9M2.2%New
OWL BLUE OWL CAPITAL INCFinancials167.5K$1.5M1.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20265$128.8M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20265$146.8M canonicalSEC ↗
Q3 202513F-HRNov 14, 20256$136.3M canonicalSEC ↗
Q2 202513F-HRJul 29, 20255$137.2M canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$84.6M canonicalSEC ↗
Q4 202413F-HRJan 14, 20256$125.1M canonicalSEC ↗
Q3 202413F-HROct 28, 202411$148.1M canonicalSEC ↗
Q2 202413F-HRJul 15, 202410$99.7M canonicalSEC ↗
Q1 202413F-HRApr 17, 202410$73.4M canonicalSEC ↗