PERRY CREEK CAPITAL LP

Fundamental concentrated ★Highest signal CIK 1769704
League rank
#130
in Fundamental concentrated · #196 overall
Long book
$160.5M
Q1 2026
Positions
12
Top-10 weight
99%
concentration
Last quarter
+30.3%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

PERRY CREEK CAPITAL LP is a concentrated fundamental stock-picker, running a $160.5M US long book across 12 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: FIRST AMERICAN FINANCIAL, ICON PLC, PERFORMANCE FOOD GROUP CO, GRINDR INC, PARK HOTELS & RESORTS INC.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-8.3%
Q2 2024
+13.4%
Q3 2024
+3.2%
Q4 2024
-5.3%
Q1 2025
+1.5%
Q2 2025
+10.2%
Q3 2025
-1.4%
Q4 2025
-4.7%
Q1 2026
+30.3%

Sector allocation

Financials
28%
Technology
27%
Healthcare
19%
Consumer discretionary
19%
Services media
7%

Long book by quarter

$236.7M
Q1 2024
$210.6M
Q2 2024
$235.1M
Q3 2024
$191.8M
Q4 2024
$173.8M
Q1 2025
$187.0M
Q2 2025
$172.7M
Q3 2025
$166.5M
Q4 2025
$160.5M
Q1 2026

What does PERRY CREEK own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FAF FIRST AMERICAN FINANCIALFinancials574.9K$34.7M21.6%-43.0%
ICLR ICON PLCHealthcare245.0K$27.1M16.9%+157.9%
PFGC PERFORMANCE FOOD GROUP COConsumer discretionary304.7K$26.1M16.3%Held
GRND GRINDR INCTechnology1.8M$21.5M13.4%+314.1%
MTN VAIL RESORTS INCServices media76.2K$9.8M6.1%Held
GDDY GODADDY INC - CLASS ATechnology100.0K$8.3M5.2%New
GOOGL ALPHABET INC-CL ATechnology25.9K$7.5M4.6%Held
AMTB AMERANT BANCORP INCFinancials196.1K$4.3M2.7%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202612$160.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613$166.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 202512$172.7M canonicalSEC ↗
Q2 202513F-HRAug 14, 202511$187.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 202510$174.8M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202511$192.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202412$236.1M canonicalSEC ↗
Q2 202413F-HRAug 14, 202413$211.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202413$237.7M canonicalSEC ↗