Port Capital LLC

Fundamental diversified ★Signal CIK 1729212
League rank
#643
in Fundamental diversified · #4943 overall
Long book
$2.25B
Q1 2026
Positions
82
Top-10 weight
50%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

Port Capital LLC is a diversified fundamental manager, running a $2.25B US long book across 82 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: RBC BEARINGS INC, HEICO CORP-CLASS A, TELEDYNE TECHNOLOGIES INC, AMPHENOL CORP-CL A, AMETEK INC.

Over the last 9 quarters its long book ran on average 1.7pp 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
-2.7%
Q2 2024
+10.5%
Q3 2024
-1.8%
Q4 2024
+2.5%
Q1 2025
+5.1%
Q2 2025
+2.2%
Q3 2025
-1.1%
Q4 2025
-0.1%
Q1 2026
+10.2%

Sector allocation

Industrials
41%
Technology
20%
Financials
17%
Consumer discretionary
10%
Services media
7%
Materials
4%
Healthcare
1%
Other
0%

Long book by quarter

$1.99B
Q1 2024
$2.00B
Q2 2024
$2.23B
Q3 2024
$2.19B
Q4 2024
$2.21B
Q1 2025
$2.35B
Q2 2025
$2.40B
Q3 2025
$2.32B
Q4 2025
$2.25B
Q1 2026

What does Port Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
RBC RBC BEARINGS INCIndustrials343.8K$186.7M8.3%-7.0%
HEI/A HEICO CORP-CLASS AIndustrials826.1K$174.4M7.8%-4.0%
TDY TELEDYNE TECHNOLOGIES INCTechnology250.8K$151.8M6.7%+6.1%
APH AMPHENOL CORP-CL ATechnology812.6K$102.7M4.6%-12.5%
AME AMETEK INCTechnology432.2K$92.7M4.1%-4.3%
SPXC SPX TECHNOLOGIES INCIndustrials460.3K$92.0M4.1%-0.3%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary942.6K$87.0M3.9%-3.3%
LIN LINDE PLCMaterials170.9K$84.7M3.8%-3.3%
RLI RLI CORPFinancials1.4M$79.1M3.5%-1.3%
GGG GRACO INCIndustrials916.4K$77.6M3.4%+5.7%
PH PARKER HANNIFIN CORPIndustrials84.6K$75.8M3.4%-4.6%
WTS WATTS WATER TECHNOLOGIES-AIndustrials257.4K$74.7M3.3%+0.1%
SSD SIMPSON MANUFACTURING CO INCIndustrials408.1K$70.0M3.1%-0.2%
ICE INTERCONTINENTAL EXCHANGE INFinancials366.2K$57.6M2.6%-4.0%
CACI CACI INTERNATIONAL INC -CL ATechnology102.5K$55.7M2.5%+0.1%
ATMU ATMUS FILTRATION TECHNOLOGIEIndustrials908.7K$51.6M2.3%+3.6%
CPRT COPART INCConsumer discretionary1.5M$49.7M2.2%+3.6%
ULS UL SOLUTIONS INC - CLASS AServices media579.7K$49.7M2.2%-0.3%
MA MASTERCARD INC - AServices media98.9K$49.4M2.2%-10.9%
ACGL ARCH CAPITAL GROUP LTDFinancials508.7K$48.8M2.2%-11.2%
PGR PROGRESSIVE CORPFinancials244.3K$48.4M2.2%-8.5%
CP CANADIAN PACIFIC KANSAS CITYIndustrials563.9K$44.2M2.0%+6.3%
WINA WINMARK CORPConsumer discretionary98.2K$42.0M1.9%0.0%
ETN EATON CORP PLCIndustrials107.5K$38.4M1.7%+24.5%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary119.6K$38.3M1.7%+11.5%
V VISA INC-CLASS A SHARESServices media116.9K$35.3M1.6%-2.9%
PB PROSPERITY BANCSHARES INCFinancials511.9K$34.4M1.5%+0.3%
KNSL KINSALE CAPITAL GROUP INCFinancials97.6K$33.3M1.5%+0.1%
ORI OLD REPUBLIC INTL CORPFinancials764.9K$30.5M1.4%+24.4%
AXP AMERICAN EXPRESS COFinancials94.9K$28.7M1.3%+189.7%
GBCI GLACIER BANCORP INCFinancials523.6K$23.4M1.0%+0.7%
IEX IDEX CORPIndustrials110.7K$21.0M0.9%+1.4%
MDLN MEDLINE INC-CL AHealthcare298.8K$13.3M0.6%New
DGII DIGI INTERNATIONAL INCTechnology257.8K$12.4M0.6%New
SPGI S&P GLOBAL INCServices media28.3K$12.0M0.5%-63.6%
AAPL APPLE INCTechnology46.6K$11.8M0.5%-4.2%
CL COLGATE-PALMOLIVE COOther66.1K$5.6M0.3%0.0%
GOOG ALPHABET INC-CL CTechnology16.0K$4.6M0.2%-1.2%
MSFT MICROSOFT CORPTechnology10.3K$3.8M0.2%-8.4%
GOOGL ALPHABET INC-CL ATechnology7.8K$2.2M0.1%Held
AMZN AMAZON.COM INCConsumer discretionary7.0K$1.5M0.1%-0.8%
CSW CSW INDUSTRIALS INCOther5.1K$1.3M0.1%-13.6%
JNJ JOHNSON & JOHNSONHealthcare5.0K$1.2M0.1%-0.9%
JPM JPMORGAN CHASE & COFinancials3.5K$1.0M0.0%-2.5%
MAR MARRIOTT INTERNATIONAL -CL AServices media2.9K$934K0.0%-0.5%
MRK MERCK & CO. INC.Healthcare7.5K$903K0.0%-1.0%
TXN TEXAS INSTRUMENTS INCTechnology4.6K$900K0.0%-8.6%
TEL TE CONNECTIVITY PLCConsumer discretionary3.7K$780K0.0%+0.6%
ARCC ARES CAPITAL CORP43.0K$775K0.0%Held
IBM INTL BUSINESS MACHINES CORPTechnology3.2K$769K0.0%-7.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202682$2.25B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202682$2.32B canonicalSEC ↗
Q3 202513F-HRNov 14, 202584$2.40B canonicalSEC ↗
Q2 202513F-HRAug 14, 202585$2.35B canonicalSEC ↗
Q1 202513F-HRMay 15, 202587$2.21B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202588$2.19B canonicalSEC ↗
Q3 202413F-HRNov 14, 202487$2.23B canonicalSEC ↗
Q2 202413F-HRAug 14, 202485$2.00B canonicalSEC ↗
Q1 202413F-HRMay 15, 202487$1.99B canonicalSEC ↗