Perbak Capital Partners LLP
Long book
$406.4M
Q1 2026
Positions
294
Top-10 weight
45%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
71%
of book per quarter
Strategy in plain words
auto-generated from filingsPerbak Capital Partners LLP is a quantitative fund whose holdings reflect models, not opinions, running a $406.4M US long book across 294 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS INDUSTRIAL SELECT SECTOR, SS CONSUMER DISC SELECT SECT, SS CONSUMER STAPLES SEL SECT, VANECK OIL SERVICES ETF, SS SPDR S&P INSURANCE ETF.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.7%
Q2 2024
+8.9%
Q3 2024
-4.7%
Q4 2024
-2.1%
Q1 2025
+8.0%
Q2 2025
+4.6%
Q3 2025
+2.9%
Q4 2025
+2.0%
Q1 2026
+12.4%
Sector allocation
Industrials 28%
Technology 18%
Services media 12%
Financials 12%
Healthcare 9%
Other 7%
Consumer discretionary 7%
Consumer staples 3%
Long book by quarter
What does Perbak Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BAH BOOZ ALLEN HAMILTON HOLDINGS | Services media | 78.4K | $6.1M | 1.5% | New |
| DKNG DRAFTKINGS INC-CL A | Services media | 188.9K | $4.1M | 1.0% | +116.6% |
| NOC NORTHROP GRUMMAN CORP | Technology | 5.9K | $4.0M | 1.0% | New |
| ACN ACCENTURE PLC-CL A | Services media | 20.3K | $4.0M | 1.0% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 6.3K | $3.8M | 0.9% | New |
| GE GENERAL ELECTRIC | Industrials | 12.0K | $3.4M | 0.8% | New |
| GD GENERAL DYNAMICS CORP | Industrials | 9.6K | $3.3M | 0.8% | New |
| RTX RTX CORP | Industrials | 16.1K | $3.1M | 0.8% | New |
| SARO STANDARDAERO INC | Industrials | 109.8K | $2.8M | 0.7% | New |
| SLGN SILGAN HOLDINGS INC | Industrials | 65.5K | $2.5M | 0.6% | New |
| PKG PACKAGING CORP OF AMERICA | Other | 10.2K | $2.2M | 0.5% | +355.2% |
| NVT NVENT ELECTRIC PLC | Industrials | 16.0K | $1.9M | 0.5% | New |
| MOD MODINE MANUFACTURING CO | Industrials | 8.5K | $1.8M | 0.5% | New |
| LSTR LANDSTAR SYSTEM INC | Industrials | 11.4K | $1.8M | 0.5% | +137.9% |
| IP INTERNATIONAL PAPER CO | Other | 50.9K | $1.8M | 0.4% | New |
| CNC CENTENE CORP | Financials | 55.4K | $1.8M | 0.4% | New |
| VRT VERTIV HOLDINGS CO-A | Technology | 7.2K | $1.8M | 0.4% | +1.8% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 23.5K | $1.7M | 0.4% | New |
| HUM HUMANA INC | Financials | 9.2K | $1.6M | 0.4% | New |
| CVS CVS HEALTH CORP | Healthcare | 20.1K | $1.4M | 0.4% | New |
| ADSK AUTODESK INC | Technology | 5.8K | $1.4M | 0.3% | New |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 8.8K | $1.3M | 0.3% | +79.6% |
| PTC PTC INC | Technology | 8.8K | $1.3M | 0.3% | New |
| GEV GE VERNOVA INC | Industrials | 1.4K | $1.2M | 0.3% | -29.3% |
| ALKS ALKERMES PLC | Healthcare | 31.2K | $1.1M | 0.3% | New |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 6.4K | $1.1M | 0.3% | +37.4% |
| RF REGIONS FINANCIAL CORP | Financials | 39.9K | $1.0M | 0.3% | New |
| CI THE CIGNA GROUP | Financials | 3.9K | $1.0M | 0.3% | New |
| FNB FNB CORP | Financials | 62.0K | $1.0M | 0.3% | New |
| MOH MOLINA HEALTHCARE INC | Financials | 7.8K | $1.0M | 0.3% | New |
| LOW LOWE'S COS INC | Consumer discretionary | 4.4K | $1.0M | 0.3% | +128.5% |
| PJT PJT PARTNERS INC - A | Financials | 7.3K | $1.0M | 0.3% | +222.0% |
| HWC HANCOCK WHITNEY CORP | Financials | 16.1K | $1.0M | 0.3% | New |
| PB PROSPERITY BANCSHARES INC | Financials | 15.2K | $1.0M | 0.3% | New |
| GNW GENWORTH FINANCIAL INC | Financials | 125.5K | $1.0M | 0.3% | New |
| ESNT ESSENT GROUP LTD | Financials | 17.4K | $1.0M | 0.2% | +153.9% |
| SCI SERVICE CORP INTERNATIONAL | Services media | 12.3K | $1.0M | 0.2% | +125.9% |
| TJX TJX COMPANIES INC | Consumer discretionary | 6.3K | $1.0M | 0.2% | +324.7% |
| ZWS ZURN ELKAY WATER SOLUTIONS C | Industrials | 22.5K | $1.0M | 0.2% | +291.8% |
| CAG CONAGRA BRANDS INC | Consumer staples | 64.2K | $1.0M | 0.2% | +140.7% |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 5.5K | $1.0M | 0.2% | +132.7% |
| ALLE ALLEGION PLC | Services media | 6.9K | $1.0M | 0.2% | +325.2% |
| USB US BANCORP | Financials | 19.4K | $1.0M | 0.2% | New |
| SAM BOSTON BEER COMPANY INC-A | Consumer staples | 4.4K | $1.0M | 0.2% | +284.2% |
| BX BLACKSTONE INC | Financials | 8.7K | $1.0M | 0.2% | +196.4% |
| NEU NEWMARKET CORP | Other | 1.6K | $999K | 0.2% | New |
| GRMN GARMIN LTD | Technology | 4.3K | $996K | 0.2% | New |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 4.7K | $995K | 0.2% | New |
| PPC PILGRIM'S PRIDE CORP | Consumer staples | 26.3K | $992K | 0.2% | +306.7% |
| CMCSA COMCAST CORP-CLASS A | Communications | 34.4K | $989K | 0.2% | +238.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 294 | $406.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 219 | $327.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 288 | $568.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 275 | $442.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 194 | $134.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 65 | $187.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 31 | $142.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 55 | $338.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $79.6M | canonical | SEC ↗ |
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