Pamplona Capital Management, LLC

Fundamental diversified ★Signal CIK 1554913
Long book
$473.1M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Pamplona Capital Management, LLC is a diversified fundamental manager, running a $473.1M US long book across 5 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: LATHAM GROUP INC, AMAZON.COM INC, ELASTIC NV, BED BATH & BEYOND INC, BED BATH & BEYOND INC.

Over the last 6 quarters its long book ran on average 4.3pp per quarter behind the S&P 500, beating the index in 2 of 6 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
Q4 2024
-9.9%
Q1 2025
+8.5%
Q2 2025
+10.1%
Q3 2025
-8.5%
Q4 2025
-13.9%
Q1 2026
+15.3%

Sector allocation

Other
59%
Consumer discretionary
39%
Technology
2%

Long book by quarter

$703.3M
Q4 2024
$633.7M
Q1 2025
$687.5M
Q2 2025
$757.1M
Q3 2025
$549.3M
Q4 2025
$473.1M
Q1 2026

What does Pamplona Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SWIM LATHAM GROUP INCOther51.8M$278.4M58.9%Held
AMZN AMAZON.COM INCConsumer discretionary876.6K$182.6M38.6%Held
ESTC ELASTIC NVTechnology210.6K$10.5M2.2%Held
BBBY BED BATH & BEYOND INCConsumer discretionary330.7K$1.5M0.3%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20265$473.1M canonicalSEC ↗
Q4 202513F-HRFeb 13, 20265$549.3M canonicalSEC ↗
Q3 202513F-HRNov 14, 20256$757.1M canonicalSEC ↗
Q2 202513F-HRAug 13, 20256$687.5M canonicalSEC ↗
Q1 202513F-HRMay 14, 20256$633.7M canonicalSEC ↗
Q4 202413F-HRFeb 12, 20256$703.3M canonicalSEC ↗