Pillsbury Lake Capital LLC
Long book
$220.7M
Q1 2026
Positions
31
Top-10 weight
52%
concentration
Last quarter
+31.2%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsPillsbury Lake Capital LLC is a concentrated fundamental stock-picker, running a $220.7M US long book across 31 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: LINCOLN EDUCATIONAL SERVICES, TURNING POINT BRANDS INC, THE BOYD GROUP INC, BUILD-A-BEAR WORKSHOP INC, COMPASS INC - CLASS A.
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 2025
-5.8%
Q1 2026
+31.2%
Sector allocation
Services media 22%
Healthcare 13%
Consumer staples 13%
Other 11%
Consumer discretionary 10%
Technology 9%
Real estate 6%
Materials 5%
Long book by quarter
What does Pillsbury Lake own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LINC LINCOLN EDUCATIONAL SERVICES | Services media | 380.6K | $15.5M | 7.0% | -46.0% |
| TPB TURNING POINT BRANDS INC | Consumer staples | 170.1K | $14.8M | 6.7% | +6.1% |
| BGSI THE BOYD GROUP INC | Services media | 98.3K | $12.5M | 5.7% | +22.9% |
| BBW BUILD-A-BEAR WORKSHOP INC | Consumer discretionary | 330.1K | $12.4M | 5.6% | +56.9% |
| COMP COMPASS INC - CLASS A | Real estate | 1.6M | $11.7M | 5.3% | +20.3% |
| SRTA STRATA CRITICAL MEDICAL INC | Healthcare | 2.6M | $10.9M | 4.9% | +31.6% |
| CRON CRONOS GROUP INC | Materials | 4.2M | $10.6M | 4.8% | +129.6% |
| ETON ETON PHARMACEUTICALS INC | Healthcare | 365.0K | $9.0M | 4.1% | New |
| FLYW FLYWIRE CORP-VOTING | Services media | 771.4K | $9.0M | 4.1% | New |
| PDFS PDF SOLUTIONS INC | Technology | 270.7K | $8.9M | 4.0% | -28.0% |
| KRUS KURA SUSHI USA INC-CLASS A | Consumer discretionary | 118.6K | $8.3M | 3.7% | -22.8% |
| UTI UNIVERSAL TECHNICAL INSTITUT | Services media | 219.9K | $7.9M | 3.6% | New |
| CVCO CAVCO INDUSTRIES INC | Other | 15.8K | $7.6M | 3.5% | -38.3% |
| HNI HNI CORP | Other | 221.2K | $7.4M | 3.3% | +4.7% |
| LMRI LUMEXA IMAGING HOLDINGS INC | Healthcare | 814.9K | $7.0M | 3.2% | New |
| BLZE BACKBLAZE INC-A | Technology | 2.0M | $6.8M | 3.1% | +13.4% |
| CROX CROCS INC | Other | 79.8K | $6.6M | 3.0% | New |
| CLH CLEAN HARBORS INC | Utilities | 22.9K | $6.6M | 3.0% | +1.6% |
| WLTH WEALTHFRONT CORP | Financials | 658.8K | $6.1M | 2.8% | New |
| BV BRIGHTVIEW HOLDINGS INC | Consumer staples | 506.8K | $6.0M | 2.7% | +3.4% |
| MAMA MAMA'S CREATIONS INC | Consumer staples | 348.6K | $5.3M | 2.4% | -29.3% |
| LMB LIMBACH HOLDINGS INC | Industrials | 56.5K | $4.4M | 2.0% | New |
| GPGI GPGI INC | Financials | 108.8K | $1.9M | 0.8% | -82.3% |
| INVE IDENTIV INC | Technology | 491.7K | $1.8M | 0.8% | -48.0% |
| NBIS NEBIUS GROUP NV | Technology | 9.9K | $1.0M | 0.5% | New |
| CBNA CHAIN BRIDGE BANCORP INC-A | Financials | 26.9K | $937K | 0.4% | +46.9% |
| FLXS FLEXSTEEL INDS | Other | 18.3K | $823K | 0.4% | New |
13F filing history
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