RB Capital Management, LLC

Fundamental diversified ★Signal CIK 1695582
League rank
#560
in Fundamental diversified · #3790 overall
Long book
$470.3M
Q1 2026
Positions
184
Top-10 weight
41%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

RB Capital Management, LLC is a diversified fundamental manager, running a $470.3M US long book across 184 positions.

The portfolio is moderately concentrated (top 10 ≈ 41% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, BERKSHIRE HATHAWAY INC-CL B, NVIDIA CORP, COSTCO WHOLESALE CORP, ALPHABET INC-CL C.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 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
+5.3%
Q2 2024
+7.5%
Q3 2024
+2.3%
Q4 2024
-3.6%
Q1 2025
+6.1%
Q2 2025
+7.6%
Q3 2025
+2.5%
Q4 2025
-3.7%
Q1 2026
+11.5%

Sector allocation

Technology
41%
Financials
13%
Consumer discretionary
12%
Healthcare
7%
Other
7%
Services media
7%
Industrials
6%
Consumer staples
3%

Long book by quarter

$373.8M
Q1 2024
$391.5M
Q2 2024
$423.9M
Q3 2024
$427.6M
Q4 2024
$411.1M
Q1 2025
$441.6M
Q2 2025
$479.4M
Q3 2025
$492.7M
Q4 2025
$470.3M
Q1 2026

What does RB Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology267.6K$67.9M14.4%-0.9%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials45.9K$22.0M4.7%+0.3%
NVDA NVIDIA CORPTechnology114.2K$19.9M4.2%+3.5%
COST COSTCO WHOLESALE CORPConsumer discretionary16.5K$16.5M3.5%-0.2%
GOOG ALPHABET INC-CL CTechnology52.1K$14.9M3.2%-1.9%
MSFT MICROSOFT CORPTechnology28.0K$10.4M2.2%-2.4%
AMZN AMAZON.COM INCConsumer discretionary47.0K$9.8M2.1%+1.0%
WFC 7.5 PERP L WELLS FARGO & COMPANY8.2K$9.5M2.0%+1.3%
GOOGL ALPHABET INC-CL ATechnology32.7K$9.4M2.0%-4.3%
AVGO BROADCOM INCTechnology30.3K$9.4M2.0%0.0%
META META PLATFORMS INC-CLASS ATechnology16.0K$9.2M2.0%+0.4%
JPM JPMORGAN CHASE & COFinancials29.3K$8.6M1.8%+3.0%
V VISA INC-CLASS A SHARESServices media28.0K$8.5M1.8%+1.8%
BAC 7.25 PERP L BANK OF AMERICA CORP7.1K$8.4M1.8%+1.5%
CAT CATERPILLAR INCIndustrials9.4K$6.6M1.4%-9.0%
CVX CHEVRON CORPEnergy31.9K$6.6M1.4%-1.0%
AMGN AMGEN INCHealthcare16.1K$5.7M1.2%-1.2%
ABT ABBOTT LABORATORIESHealthcare51.4K$5.3M1.1%+0.3%
MA MASTERCARD INC - AServices media10.4K$5.2M1.1%+1.4%
WMT WALMART INCConsumer discretionary38.5K$4.8M1.0%+0.4%
PEP PEPSICO INCConsumer staples30.3K$4.7M1.0%-1.7%
SBUX STARBUCKS CORPConsumer discretionary50.4K$4.5M1.0%-0.3%
LLY ELI LILLY & COHealthcare4.8K$4.4M0.9%+4.7%
XOM EXXON MOBIL CORPEnergy25.3K$4.3M0.9%+1.4%
NFLX NETFLIX INCServices media41.4K$4.0M0.8%+2.4%
WM WASTE MANAGEMENT INCUtilities16.9K$3.9M0.8%+0.6%
GS GOLDMAN SACHS GROUP INCFinancials4.5K$3.8M0.8%+0.4%
CRM SALESFORCE INCTechnology20.1K$3.8M0.8%-3.2%
AXP AMERICAN EXPRESS COFinancials11.3K$3.4M0.7%+6.0%
ABBV ABBVIE INCHealthcare14.9K$3.2M0.7%+1.2%
HD HOME DEPOT INCConsumer discretionary8.8K$2.9M0.6%-5.4%
LMT LOCKHEED MARTIN CORPIndustrials4.6K$2.8M0.6%-0.3%
NOC NORTHROP GRUMMAN CORPTechnology3.9K$2.7M0.6%-1.4%
KO COCA-COLA CO/THEConsumer staples33.3K$2.5M0.5%-5.2%
JNJ JOHNSON & JOHNSONHealthcare10.1K$2.5M0.5%-1.8%
AZO AUTOZONE INCConsumer discretionary683$2.3M0.5%+0.3%
BLK BLACKROCK INCFinancials2.3K$2.3M0.5%+3.0%
BAC BANK OF AMERICA CORPFinancials45.2K$2.2M0.5%+1.7%
URI UNITED RENTALS INCServices media3.0K$2.2M0.5%-0.4%
ZM ZOOM COMMUNICATIONS INCTechnology26.9K$2.2M0.5%+6.2%
CTAS CINTAS CORPOther12.5K$2.1M0.4%-7.1%
FTNT FORTINET INCTechnology25.4K$2.1M0.4%Held
DIS WALT DISNEY CO/THEServices media21.4K$2.1M0.4%-1.6%
NKE NIKE INC -CL BOther38.8K$2.1M0.4%-6.0%
MCD MCDONALD'S CORPConsumer discretionary6.3K$2.0M0.4%-2.1%
UBER UBER TECHNOLOGIES INCServices media27.4K$2.0M0.4%+0.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples11.0K$1.8M0.4%+0.6%
GE GENERAL ELECTRICIndustrials6.3K$1.8M0.4%+8.3%
GNRC GENERAC HOLDINGS INCIndustrials8.7K$1.7M0.4%-0.5%
PG PROCTER & GAMBLE CO/THEOther11.7K$1.7M0.4%-4.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026187$470.7M canonicalSEC ↗
Q4 202513F-HRFeb 3, 2026198$503.4M canonicalSEC ↗
Q3 202513F-HROct 21, 2025188$484.5M canonicalSEC ↗
Q2 202513F-HRJul 7, 2025177$441.6M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025179$431.1M canonicalSEC ↗
Q4 202413F-HRFeb 18, 2025190$438.4M canonicalSEC ↗
Q3 202413F-HRNov 18, 2024187$429.8M canonicalSEC ↗
Q2 202413F-HRAug 14, 2024181$405.6M canonicalSEC ↗
Q1 202413F-HRMay 13, 2024181$380.6M canonicalSEC ↗