Prana Capital Management, LP
Long book
$3.26B
Q1 2026
Positions
126
Top-10 weight
44%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsPrana Capital Management, LP is a diversified fundamental manager, specialised in financials (69% of the long book), running a $3.26B US long book across 126 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BLACKROCK INC, MASTERCARD INC - A, BANK OF AMERICA CORP, INTERCONTINENTAL EXCHANGE IN, TRUIST FINANCIAL CORP.
Over the last 9 quarters its long book ran on average 1.3pp 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
-3.0%
Q2 2024
+10.7%
Q3 2024
+5.1%
Q4 2024
-0.0%
Q1 2025
+7.9%
Q2 2025
+5.0%
Q3 2025
+1.9%
Q4 2025
-7.6%
Q1 2026
+8.5%
Sector allocation
Financials 70%
Services media 16%
Consumer discretionary 6%
Technology 3%
Industrials 3%
Healthcare 1%
Utilities 1%
Real estate 0%
Long book by quarter
What does Prana Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BLK BLACKROCK INC | Financials | 243.1K | $233.8M | 7.2% | +4.7% |
| MA MASTERCARD INC - A | Services media | 375.6K | $187.6M | 5.8% | +126.6% |
| BAC BANK OF AMERICA CORP | Financials | 3.8M | $186.4M | 5.7% | +29.6% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 1.1M | $176.4M | 5.4% | +232.8% |
| TFC TRUIST FINANCIAL CORP | Financials | 2.9M | $135.4M | 4.1% | +17.8% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 8.0M | $125.6M | 3.9% | +265.1% |
| HD HOME DEPOT INC | Consumer discretionary | 317.9K | $104.6M | 3.2% | +221.7% |
| WFC WELLS FARGO & CO | Financials | 1.3M | $104.4M | 3.2% | New |
| AON AON PLC-CLASS A | Financials | 323.5K | $104.4M | 3.2% | +107.1% |
| STT STATE STREET CORP | Financials | 679.2K | $86.0M | 2.6% | New |
| MCO MOODY'S CORP | Services media | 186.2K | $81.2M | 2.5% | New |
| KEY KEYCORP | Financials | 3.9M | $78.1M | 2.4% | +14.4% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 247.1K | $74.3M | 2.3% | New |
| LEN LENNAR CORP-A | Industrials | 848.5K | $73.7M | 2.3% | +96.3% |
| ACN ACCENTURE PLC-CL A | Services media | 345.9K | $68.6M | 2.1% | +411.9% |
| ELV ELEVANCE HEALTH INC | Financials | 229.1K | $67.1M | 2.1% | +1702.7% |
| CI THE CIGNA GROUP | Financials | 214.0K | $57.1M | 1.8% | +84.5% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 359.3K | $52.0M | 1.6% | +54.4% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 673.3K | $50.7M | 1.6% | -9.7% |
| NTRS NORTHERN TRUST CORP | Financials | 358.1K | $50.0M | 1.5% | New |
| RGA REINSURANCE GROUP OF AMERICA | Financials | 218.5K | $44.6M | 1.4% | +60.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 86.7K | $41.0M | 1.3% | +932.8% |
| SEIC SEI INVESTMENTS COMPANY | Financials | 464.2K | $36.4M | 1.1% | -28.7% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 122.7K | $35.7M | 1.1% | New |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 743.9K | $34.9M | 1.1% | +97.9% |
| NDAQ NASDAQ INC | Financials | 405.0K | $34.4M | 1.1% | -50.4% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 186.0K | $33.9M | 1.0% | New |
| TGT TARGET CORP | Consumer discretionary | 275.0K | $33.3M | 1.0% | +6180.0% |
| RF REGIONS FINANCIAL CORP | Financials | 1.3M | $32.7M | 1.0% | +266.3% |
| CG CARLYLE GROUP INC/THE | Financials | 650.6K | $31.5M | 1.0% | New |
| FISV FISERV INC | Services media | 563.5K | $31.4M | 1.0% | +242.9% |
| SF STIFEL FINANCIAL CORP | Financials | 424.1K | $31.3M | 1.0% | +109.7% |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 404.8K | $27.4M | 0.8% | +3.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 115.4K | $27.3M | 0.8% | -60.0% |
| AIZ ASSURANT INC | Financials | 117.5K | $25.6M | 0.8% | New |
| GPN GLOBAL PAYMENTS INC | Services media | 376.2K | $25.3M | 0.8% | +17.6% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 143.7K | $22.7M | 0.7% | New |
| CFG CITIZENS FINANCIAL GROUP | Financials | 376.5K | $22.6M | 0.7% | -61.0% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 11.4K | $21.6M | 0.7% | New |
| EG EVEREST GROUP LTD | Financials | 65.7K | $21.5M | 0.7% | +63.0% |
| WCN WASTE CONNECTIONS INC | Utilities | 128.7K | $20.9M | 0.6% | +32.4% |
| CSGP COSTAR GROUP INC | Services media | 515.4K | $20.8M | 0.6% | +62.7% |
| RKT ROCKET COS INC-CLASS A | Financials | 1.4M | $19.6M | 0.6% | +233.3% |
| VOYA VOYA FINANCIAL INC | Financials | 286.3K | $19.6M | 0.6% | +46.2% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 283.5K | $17.4M | 0.5% | +2544.0% |
| AMG AFFILIATED MANAGERS GROUP | Financials | 61.5K | $17.0M | 0.5% | +313.1% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 169.5K | $16.3M | 0.5% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 16.2K | $16.1M | 0.5% | New |
| CPAY CORPAY INC | Services media | 54.0K | $15.7M | 0.5% | -7.6% |
| GL GLOBE LIFE INC | Financials | 107.7K | $15.0M | 0.5% | +7.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 131 | $3.29B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 115 | $2.76B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 110 | $3.00B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 106 | $2.80B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 97 | $2.47B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 95 | $2.11B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 85 | $2.18B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 93 | $2.10B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 86 | $2.23B | canonical | SEC ↗ |