Quaker Capital Investments, LLC

Fundamental concentrated ★Highest signal CIK 1633648
League rank
#987
in Fundamental concentrated · #7400 overall
Long book
$408.9M
Q1 2026
Positions
21
Top-10 weight
87%
concentration
Last quarter
-5.3%
SPY +14.8%
Turnover
28%
of book per quarter

Strategy in plain words

auto-generated from filings

Quaker Capital Investments, LLC is a concentrated fundamental stock-picker, running a $408.9M US long book across 21 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: EQT CORP, LIBERTY LATIN AMERIC-CL C, CHARTER COMMUNICATIONS INC-A, INTUIT INC, IHS HOLDING LTD.

Over the last 9 quarters its long book ran on average 4.1pp per quarter ahead of the S&P 500, beating the index in 7 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
+9.8%
Q2 2024
+11.1%
Q3 2024
-6.6%
Q4 2024
+10.5%
Q1 2025
+12.7%
Q2 2025
+32.4%
Q3 2025
+4.4%
Q4 2025
+7.9%
Q1 2026
-5.3%

Sector allocation

Communications
37%
Services media
20%
Energy
18%
Technology
15%
Materials
5%
Other
5%
Consumer discretionary
1%
Consumer staples
0%

Long book by quarter

$262.3M
Q1 2024
$303.5M
Q2 2024
$313.4M
Q3 2024
$269.1M
Q4 2024
$309.7M
Q1 2025
$327.5M
Q2 2025
$371.6M
Q3 2025
$387.7M
Q4 2025
$408.9M
Q1 2026

What does Quaker Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
EQT EQT CORPEnergy1.1M$69.0M16.9%-5.3%
LILAK LIBERTY LATIN AMERIC-CL CCommunications5.4M$47.8M11.7%-3.0%
CHTR CHARTER COMMUNICATIONS INC-ACommunications215.1K$46.4M11.4%+84.4%
INTU INTUIT INCTechnology91.2K$39.4M9.6%New
IHS IHS HOLDING LTDCommunications4.5M$37.2M9.1%-3.6%
CZR CAESARS ENTERTAINMENT INCServices media1.0M$26.9M6.6%-10.8%
UBER UBER TECHNOLOGIES INCServices media360.7K$25.9M6.3%-3.7%
FISV FISERV INCServices media422.0K$23.5M5.8%+298.9%
COUR COURSERA INCTechnology3.3M$19.2M4.7%+330.0%
ARIS ARIS MINING CORPMaterials1.0M$18.6M4.5%-10.7%
KOP KOPPERS HOLDINGS INCOther457.9K$17.7M4.3%-3.6%
VSTS VESTIS CORPConsumer discretionary607.3K$4.8M1.2%-21.0%
LILA LIBERTY LATIN AMERIC-CL ACommunications502.7K$4.3M1.1%-7.2%
LBRDK LIBERTY BROADBAND-CCommunications82.2K$4.1M1.0%Held
ECHO ECHOSTAR CORP-ACommunications16.8K$2.0M0.5%-96.7%
KHC KRAFT HEINZ CO/THEConsumer staples55.5K$1.2M0.3%+344.0%
SIRI SIRIUS XM HOLDINGS INCCommunications30.9K$714K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202621$408.9M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202622$387.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 202521$371.6M canonicalSEC ↗
Q2 202513F-HRAug 14, 202517$327.5M canonicalSEC ↗
Q1 202513F-HRMay 14, 202516$309.7M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202514$269.1M canonicalSEC ↗
Q3 202413F-HRNov 13, 202415$313.4M canonicalSEC ↗
Q2 202413F-HRAug 13, 202416$303.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202414$262.3M canonicalSEC ↗