Penbrook Management LLC

Fundamental diversified ★Signal CIK 1381055
League rank
#171
in Fundamental diversified · #737 overall
Long book
$132.1M
Q1 2026
Positions
93
Top-10 weight
47%
concentration
Last quarter
+18.6%
SPY +14.8%
Turnover
19%
of book per quarter

Strategy in plain words

auto-generated from filings

Penbrook Management LLC is a diversified fundamental manager, running a $132.1M US long book across 93 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NOVO-NORDISK A/S-SPONS ADR, AMAZON.COM INC, MICROSOFT CORP, ALPHABET INC-CL A, ALPHABET INC-CL C.

Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 3 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
-2.7%
Q3 2024
-3.4%
Q4 2024
-9.1%
Q1 2025
+9.3%
Q2 2025
+6.3%
Q3 2025
+3.1%
Q4 2025
-3.0%
Q1 2026
+18.6%

Sector allocation

Technology
45%
Services media
10%
Consumer discretionary
10%
Healthcare
9%
Utilities
7%
Energy
6%
Financials
5%
Other
3%

Long book by quarter

$161.3M
Q1 2024
$163.8M
Q2 2024
$153.8M
Q3 2024
$146.6M
Q4 2024
$132.3M
Q1 2025
$265.3M
Q2 2025
$143.2M
Q3 2025
$145.0M
Q4 2025
$132.1M
Q1 2026

What does Penbrook Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary51.8K$10.8M8.2%Held
MSFT MICROSOFT CORPTechnology22.2K$8.2M6.2%-2.2%
GOOGL ALPHABET INC-CL ATechnology23.2K$6.7M5.0%Held
GOOG ALPHABET INC-CL CTechnology22.6K$6.5M4.9%Held
MCO MOODY'S CORPServices media13.6K$5.9M4.5%Held
PLAB PHOTRONICS INCTechnology96.7K$3.9M3.0%-12.6%
PL PLANET LABS PBCTechnology105.9K$3.0M2.2%-64.1%
AEHR AEHR TEST SYSTEMSTechnology79.5K$2.9M2.2%-30.8%
SA SEABRIDGE GOLD INCMaterials96.0K$2.7M2.1%Held
VET VERMILION ENERGY INCEnergy197.8K$2.7M2.1%Held
PRTA PROTHENA CORP PLCHealthcare271.7K$2.6M2.0%New
VMD VIEMED HEALTHCARE INCHealthcare272.4K$2.5M1.9%+0.3%
ELVA ELECTROVAYA INCTechnology295.4K$2.3M1.7%-15.6%
TRI4EUR THOMSON REUTERS CORP24.8K$2.2M1.7%-0.7%
BX BLACKSTONE INCFinancials18.1K$2.1M1.6%+22.6%
ALKT ALKAMI TECHNOLOGY INCTechnology127.7K$2.0M1.5%Held
CURI CURIOSITYSTREAM INCServices media675.1K$2.0M1.5%+94.4%
TRGP TARGA RESOURCES CORPUtilities6.9K$1.7M1.3%-1.9%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials3.3K$1.6M1.2%-1.5%
CYRX CRYOPORT INCHealthcare185.8K$1.5M1.2%+251.6%
VZ VERIZON COMMUNICATIONS INCCommunications29.9K$1.5M1.1%-4.0%
ET ENERGY TRANSFER LPUtilities74.5K$1.4M1.1%Held
CSCO CISCO SYSTEMS INCTechnology18.4K$1.4M1.1%Held
WMB WILLIAMS COS INCUtilities19.1K$1.4M1.1%Held
MGNI MAGNITE INCTechnology112.2K$1.3M1.0%+260.6%
ADP AUTOMATIC DATA PROCESSINGTechnology6.3K$1.3M1.0%Held
EXTR EXTREME NETWORKS INCTechnology83.5K$1.3M1.0%New
HESM HESS MIDSTREAM LP - CLASS AEnergy30.1K$1.2M0.9%Held
ABNB AIRBNB INC-CLASS AServices media8.9K$1.1M0.9%Held
ACLS AXCELIS TECHNOLOGIES INCIndustrials12.1K$1.1M0.9%-23.9%
ABBV ABBVIE INCHealthcare5.2K$1.1M0.9%-1.1%
USAC USA COMPRESSION PARTNERS LPUtilities41.0K$1.1M0.8%Held
OKE ONEOK INCUtilities11.3K$1.0M0.8%Held
DV DOUBLEVERIFY HOLDINGS INCTechnology102.9K$978K0.7%Held
NPKI NPK INTERNATIONAL INCServices media67.3K$974K0.7%Held
META META PLATFORMS INC-CLASS ATechnology1.7K$973K0.7%Held
MRVL MARVELL TECHNOLOGY INCTechnology9.7K$964K0.7%Held
NVDA NVIDIA CORPTechnology5.2K$911K0.7%Held
DAIO DATA I/O CORPTechnology356.9K$903K0.7%Held
CVE CENOVUS ENERGY INCEnergy29.9K$793K0.6%Held
ASUR ASURE SOFTWARE INCTechnology89.6K$771K0.6%+0.4%
BPOP POPULAR INCFinancials5.5K$738K0.6%-53.6%
EMR EMERSON ELECTRIC COIndustrials5.3K$694K0.5%Held
WES WESTERN MIDSTREAM PARTNERS LUtilities15.9K$655K0.5%Held
RRC RANGE RESOURCES CORPEnergy14.2K$643K0.5%Held
REGN REGENERON PHARMACEUTICALSHealthcare785$607K0.5%-1.5%
LINC LINCOLN EDUCATIONAL SERVICESServices media12.7K$518K0.4%-25.2%
FBP FIRST BANCORP PUERTO RICOFinancials23.5K$502K0.4%-47.7%
PAR PAR TECHNOLOGY CORP/DELTechnology35.8K$477K0.4%+80.5%
POWI POWER INTEGRATIONS INCTechnology9.2K$471K0.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 21, 202693$132.1M canonicalSEC ↗
Q4 202513F-HRJan 6, 202697$145.0M canonicalSEC ↗
Q3 202513F-HROct 22, 2025104$143.2M canonicalSEC ↗
Q2 202513F-HR/ANEW HOLDINGSJul 28, 2025102$133.0M canonicalSEC ↗
Q2 202513F-HRJul 25, 2025107$132.3M canonicalSEC ↗
Q1 202513F-HRApr 1, 2025107$132.3M canonicalSEC ↗
Q4 202413F-HRJan 23, 2025110$146.6M canonicalSEC ↗
Q3 202413F-HROct 15, 2024106$153.8M canonicalSEC ↗
Q2 202413F-HRJul 24, 2024101$163.8M canonicalSEC ↗
Q1 202413F-HRApr 18, 2024102$161.3M canonicalSEC ↗