Park West Asset Management LLC

Fundamental diversified ★Signal CIK 1386928
League rank
#20
in Fundamental diversified · #128 overall
Long book
$1.13B
Q1 2026
Positions
48
Top-10 weight
48%
concentration
Last quarter
+34.6%
SPY +14.8%
Turnover
42%
of book per quarter

Strategy in plain words

auto-generated from filings

Park West Asset Management LLC is a diversified fundamental manager, running a $1.13B US long book across 48 positions.

The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALPHABET INC-CL A, AMAZON.COM INC, FLEX LTD, MKS INC, HEALTHEQUITY INC.

Over the last 9 quarters its long book ran on average 2.7pp per quarter ahead of the S&P 500, beating the index in 4 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
+3.1%
Q2 2024
+11.7%
Q3 2024
+0.0%
Q4 2024
-7.5%
Q1 2025
+13.6%
Q2 2025
+6.6%
Q3 2025
+6.8%
Q4 2025
-4.6%
Q1 2026
+34.6%

Sector allocation

Technology
34%
Healthcare
15%
Consumer discretionary
13%
Services media
11%
Industrials
8%
Financials
8%
Consumer staples
6%
Communications
5%

Long book by quarter

$1.33B
Q1 2024
$1.28B
Q2 2024
$1.35B
Q3 2024
$1.20B
Q4 2024
$1.22B
Q1 2025
$1.31B
Q2 2025
$1.09B
Q3 2025
$1.19B
Q4 2025
$1.13B
Q1 2026

What does Park West own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology285.0K$82.0M7.2%-19.0%
AMZN AMAZON.COM INCConsumer discretionary371.0K$77.3M6.8%+23.3%
FLEX FLEX LTDTechnology991.5K$64.9M5.7%+1.0%
MKSI MKS INCTechnology249.2K$57.3M5.1%-10.5%
HQY HEALTHEQUITY INCServices media623.2K$52.1M4.6%New
PRMB PRIMO BRANDS CORPConsumer staples2.7M$51.1M4.5%+117.2%
BKD BROOKDALE SENIOR LIVING INCHealthcare3.6M$48.9M4.3%+398.8%
PRCH PORCH GROUP INCTechnology5.1M$36.5M3.2%+0.9%
CCOI COGENT COMMUNICATIONS HOLDINCommunications1.9M$36.5M3.2%+37.3%
OPLN OPENLANE INCConsumer discretionary1.2M$36.3M3.2%New
BDX BECTON DICKINSON AND COHealthcare230.0K$36.2M3.2%+64.3%
Z ZILLOW GROUP INC - CServices media861.6K$35.7M3.1%-16.8%
ENVA ENOVA INTERNATIONAL INCFinancials246.3K$33.4M3.0%+17.8%
SMTC SEMTECH CORPTechnology385.0K$29.6M2.6%New
CNK CINEMARK HOLDINGS INCServices media1.0M$29.2M2.6%-29.4%
KEX KIRBY CORPIndustrials212.5K$28.2M2.5%+220.5%
SNPS SYNOPSYS INCTechnology63.9K$25.3M2.2%+36.2%
GEO GEO GROUP INC/THEIndustrials1.5M$24.5M2.2%New
NVDA NVIDIA CORPTechnology130.0K$22.7M2.0%+100.0%
CPNG COUPANG INCConsumer discretionary1.1M$21.6M1.9%-19.8%
FTRE FORTREA HOLDINGS INCHealthcare2.3M$21.3M1.9%+10.8%
WDC WESTERN DIGITAL CORPTechnology75.0K$20.3M1.8%-32.7%
TOST TOAST INC-CLASS ATechnology742.1K$19.7M1.7%+3.1%
WULF TERAWULF INCFinancials1.2M$18.0M1.6%-12.2%
MCY MERCURY GENERAL CORPFinancials193.0K$17.0M1.5%-41.4%
CRH CRH PLCIndustrials160.0K$16.8M1.5%-20.0%
TFX TELEFLEX INCHealthcare129.4K$15.5M1.4%New
TSEM TOWER SEMICONDUCTOR LTDTechnology86.5K$15.2M1.3%-75.6%
FPS FORGENT POWER SOLUTIONS-CL AIndustrials518.0K$15.2M1.3%New
TIGO MILLICOM INTL CELLULAR S.A.Communications186.0K$13.9M1.2%-44.5%
CVS CVS HEALTH CORPHealthcare176.5K$12.7M1.1%+20.1%
MAMA MAMA'S CREATIONS INCConsumer staples800.0K$12.3M1.1%Held
ENOV ENOVIS CORPHealthcare520.6K$11.8M1.0%+70.0%
OPCH OPTION CARE HEALTH INCHealthcare423.6K$11.4M1.0%+19.5%
HUT HUT 8 CORPFinancials240.3K$11.3M1.0%-5.2%
CRL CHARLES RIVER LABORATORIESHealthcare44.8K$7.7M0.7%New
IREN IREN LTDFinancials223.8K$7.7M0.7%+21.1%
UTI UNIVERSAL TECHNICAL INSTITUTServices media210.1K$7.6M0.7%-57.7%
MGNI MAGNITE INCTechnology598.4K$7.1M0.6%New
AZTA AZENTA INCIndustrials327.9K$6.9M0.6%-53.2%
LAD LITHIA MOTORS INCConsumer discretionary25.5K$6.4M0.6%-74.5%
RYAM RAYONIER ADVANCED MATERIALSOther442.0K$4.9M0.4%New
OIM ONEIM ACQUISITION CL-AFinancials300.0K$3.0M0.3%New
CXW CORECIVIC INCReal estate116.5K$2.2M0.2%New
SYM SYMBOTIC INCIndustrials25.0K$1.3M0.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202652$1.18B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202648$1.20B canonicalSEC ↗
Q3 202513F-HRNov 14, 202546$1.19B canonicalSEC ↗
Q2 202513F-HRAug 14, 202544$1.32B canonicalSEC ↗
Q1 202513F-HRMay 15, 202548$1.24B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202545$1.25B canonicalSEC ↗
Q3 202413F-HRNov 14, 202443$1.40B canonicalSEC ↗
Q2 202413F-HRAug 14, 202443$1.37B canonicalSEC ↗
Q1 202413F-HRMay 15, 202443$1.41B canonicalSEC ↗