Ravenstone Capital Management Inc.
Long book
$200.2M
Q1 2026
Positions
55
Top-10 weight
60%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
34%
of book per quarter
Strategy in plain words
auto-generated from filingsRavenstone Capital Management Inc. is a concentrated fundamental stock-picker, running a $200.2M US long book across 55 positions.
The portfolio is concentrated: the top 10 names carry 60% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VISA INC-CLASS A SHARES, MICROSOFT CORP, ALPHABET INC-CL C, ROYAL BANK OF CANADA, AMPHENOL CORP-CL A.
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 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
+0.9%
Q2 2024
+7.5%
Q3 2024
-1.5%
Q4 2024
-3.0%
Q1 2025
+7.8%
Q2 2025
+4.5%
Q3 2025
+3.7%
Q4 2025
-8.5%
Q1 2026
+13.9%
Sector allocation
Technology 29%
Consumer discretionary 15%
Services media 13%
Healthcare 11%
Industrials 10%
Financials 6%
Other 6%
Real estate 6%
Long book by quarter
What does Ravenstone Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| V VISA INC-CLASS A SHARES | Services media | 50.0K | $15.1M | 7.5% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 36.8K | $13.6M | 6.8% | +4.7% |
| GOOG ALPHABET INC-CL C | Technology | 46.9K | $13.5M | 6.7% | -28.3% |
| RY ROYAL BANK OF CANADA | Financials | 74.3K | $12.0M | 6.0% | +0.9% |
| APH AMPHENOL CORP-CL A | Technology | 93.0K | $11.7M | 5.9% | -17.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 22.7K | $11.2M | 5.6% | +2.4% |
| BN BROOKFIELD CORP | Real estate | 271.5K | $11.0M | 5.5% | +5.4% |
| FAST FASTENAL CO | Consumer discretionary | 236.2K | $11.0M | 5.5% | +1.5% |
| SPGI S&P GLOBAL INC | Services media | 25.6K | $10.9M | 5.4% | +14.0% |
| DHR DANAHER CORP | Technology | 53.3K | $10.1M | 5.1% | +2.5% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 128.3K | $10.1M | 5.0% | +3.6% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 30.3K | $9.7M | 4.8% | +8.1% |
| HD HOME DEPOT INC | Consumer discretionary | 27.6K | $9.1M | 4.5% | +4.8% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 88.2K | $9.1M | 4.5% | 0.0% |
| WCN WASTE CONNECTIONS INC | Utilities | 52.6K | $8.5M | 4.3% | +2.9% |
| FTNT FORTINET INC | Technology | 100.4K | $8.2M | 4.1% | +7.3% |
| BDX BECTON DICKINSON AND CO | Healthcare | 47.5K | $7.5M | 3.7% | New |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 15.8K | $7.3M | 3.6% | +6.0% |
| ZTS ZOETIS INC | Healthcare | 55.1K | $6.5M | 3.3% | -8.5% |
| BNS BANK OF NOVA SCOTIA | Financials | 10.7K | $740K | 0.4% | +12.9% |
| GOOGL ALPHABET INC-CL A | Technology | 2.5K | $713K | 0.4% | -21.1% |
| META META PLATFORMS INC-CLASS A | Technology | 400 | $229K | 0.1% | -33.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 985 | $205K | 0.1% | +14.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 200 | $199K | 0.1% | -7.4% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 2.8K | $164K | 0.1% | -50.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 238 | $114K | 0.1% | +526.3% |
| CCJ CAMECO CORP | Materials | 655 | $71K | 0.0% | -8.0% |
| NVDA NVIDIA CORP | Technology | 264 | $46K | 0.0% | Held |
| SNOW SNOWFLAKE INC | Technology | 277 | $42K | 0.0% | Held |
| VRT VERTIV HOLDINGS CO-A | Technology | 160 | $40K | 0.0% | New |
| CEG CONSTELLATION ENERGY | Utilities | 85 | $24K | 0.0% | New |
| AVGO BROADCOM INC | Technology | 72 | $22K | 0.0% | New |
| TSLA TESLA INC | Industrials | 55 | $20K | 0.0% | Held |
| VST VISTRA CORP | Utilities | 115 | $17K | 0.0% | New |
| AMAT APPLIED MATERIALS INC | Technology | 42 | $14K | 0.0% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 18 | $11K | 0.0% | New |
| IONQ IONQ INC | Technology | 370 | $11K | 0.0% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 8 | $11K | 0.0% | New |
| RTX RTX CORP | Industrials | 53 | $10K | 0.0% | New |
| ROK ROCKWELL AUTOMATION INC | Other | 18 | $6K | 0.0% | New |
| LLY ELI LILLY & CO | Healthcare | 7 | $6K | 0.0% | New |
| DIS WALT DISNEY CO/THE | Services media | 60 | $6K | 0.0% | Held |
| ABBV ABBVIE INC | Healthcare | 21 | $5K | 0.0% | New |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 55 | $4K | 0.0% | New |
| TD TORONTO-DOMINION BANK | Financials | 40 | $4K | 0.0% | New |
| SNDL SNDL INC | Materials | 383 | $511 | 0.0% | Held |
| ROKU ROKU INC | Communications | 4 | $378 | 0.0% | Held |
| SNAP SNAP INC - A | Technology | 35 | $161 | 0.0% | Held |
| CGC CANOPY GROWTH CORP | Materials | 10 | $9 | 0.0% | Held |
| HUBC HUB CYBER SECURITY LTD | Technology | 3 | $0 | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Jun 26, 2026 | 55 | $200.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jun 26, 2026 | 41 | $219.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Jun 26, 2026 | 40 | $204.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jun 26, 2026 | 46 | $190.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Jun 26, 2026 | 90 | $171.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jun 26, 2026 | 86 | $174.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Jun 26, 2026 | 34 | $166.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jun 26, 2026 | 34 | $150.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 26, 2026 | 35 | $150.2M | canonical | SEC ↗ |
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