Regal Partners Ltd
Long book
$1.84B
Q1 2026
Positions
106
Top-10 weight
66%
concentration
Last quarter
+4.1%
SPY +14.8%
Turnover
55%
of book per quarter
Strategy in plain words
auto-generated from filingsRegal Partners Ltd is a diversified fundamental manager, running a $1.84B US long book across 106 positions.
The portfolio is concentrated: the top 10 names carry 66% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NEWMONT CORP, FREEPORT-MCMORAN INC, APOLLO GLOBAL MANAGEMENT INC, TECK RESOURCES LTD-CLS B, BANK OF AMERICA CORP.
Over the last 9 quarters its long book ran on average 0.9pp per quarter ahead of the S&P 500, beating the index in 6 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
+1.2%
Q2 2024
+7.4%
Q3 2024
-2.3%
Q4 2024
-1.2%
Q1 2025
+12.4%
Q2 2025
+15.3%
Q3 2025
+10.9%
Q4 2025
+0.6%
Q1 2026
+4.1%
Sector allocation
Materials 40%
Financials 26%
Healthcare 9%
Industrials 8%
Services media 7%
Technology 4%
Energy 3%
Utilities 1%
Long book by quarter
What does Regal Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEM NEWMONT CORP | Materials | 1.9M | $210.0M | 11.4% | -6.3% |
| FCX FREEPORT-MCMORAN INC | Materials | 2.4M | $143.2M | 7.8% | -23.7% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 1.3M | $141.5M | 7.7% | +28.4% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 2.5M | $130.0M | 7.1% | -28.6% |
| BAC BANK OF AMERICA CORP | Financials | 2.6M | $128.3M | 7.0% | +15.0% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 2.6M | $125.9M | 6.8% | -0.6% |
| WYNN WYNN RESORTS LTD | Services media | 897.6K | $91.2M | 5.0% | +11.4% |
| UNP UNION PACIFIC CORP | Industrials | 272.6K | $66.1M | 3.6% | +0.3% |
| TFC TRUIST FINANCIAL CORP | Financials | 1.2M | $54.9M | 3.0% | +30.1% |
| WFC WELLS FARGO & CO | Financials | 663.6K | $52.8M | 2.9% | +9.8% |
| GOOG ALPHABET INC-CL C | Technology | 159.9K | $45.9M | 2.5% | -3.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 355.5K | $33.4M | 1.8% | New |
| CCJ CAMECO CORP | Materials | 277.2K | $30.1M | 1.6% | -26.3% |
| KGC KINROSS GOLD CORP | Materials | 805.0K | $24.6M | 1.3% | +0.8% |
| AA ALCOA CORP | Industrials | 356.3K | $23.6M | 1.3% | +567.4% |
| DIS WALT DISNEY CO/THE | Services media | 230.3K | $22.2M | 1.2% | New |
| NUE NUCOR CORP | Industrials | 121.9K | $20.6M | 1.1% | +532.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 98.9K | $20.6M | 1.1% | +1.1% |
| GROY GOLD ROYALTY CORP | Materials | 5.7M | $20.4M | 1.1% | Held |
| NNE NANO NUCLEAR ENERGY INC | Utilities | 978.2K | $20.0M | 1.1% | -0.2% |
| XOM EXXON MOBIL CORP | Energy | 112.4K | $19.1M | 1.0% | New |
| B BARRICK MINING CORP | Materials | 455.6K | $18.6M | 1.0% | -45.3% |
| AEM AGNICO EAGLE MINES LTD | Materials | 87.2K | $17.7M | 1.0% | +0.1% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 231.6K | $16.5M | 0.9% | +1.9% |
| HBM HUDBAY MINERALS INC | Materials | 728.8K | $15.2M | 0.8% | +114.4% |
| BTG B2GOLD CORP | Materials | 3.2M | $14.6M | 0.8% | +135.5% |
| STLD STEEL DYNAMICS INC | Industrials | 79.5K | $14.3M | 0.8% | +263.6% |
| CVX CHEVRON CORP | Energy | 69.1K | $14.3M | 0.8% | New |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 106.4K | $12.5M | 0.7% | +0.6% |
| SII SPROTT INC | Financials | 82.9K | $11.8M | 0.6% | -19.4% |
| SCCO SOUTHERN COPPER CORP | Materials | 63.0K | $10.8M | 0.6% | -41.7% |
| EQX EQUINOX GOLD CORP | Materials | 633.5K | $9.2M | 0.5% | Held |
| ALB ALBEMARLE CORP | Materials | 47.4K | $8.5M | 0.5% | +60.2% |
| DNN DENISON MINES CORP | Materials | 2.1M | $7.4M | 0.4% | +149.8% |
| INSP INSPIRE MEDICAL SYSTEMS INC | Healthcare | 135.8K | $7.0M | 0.4% | -35.7% |
| UDM TASEKO MINES LTD | — | 1.0M | $6.5M | 0.4% | Held |
| COP CONOCOPHILLIPS | Energy | 44.4K | $5.9M | 0.3% | New |
| FNV FRANCO-NEVADA CORP | Materials | 23.2K | $5.7M | 0.3% | New |
| CRM SALESFORCE INC | Technology | 28.0K | $5.2M | 0.3% | +2.5% |
| BTU PEABODY ENERGY CORP | Materials | 157.3K | $5.2M | 0.3% | -25.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 70.7K | $5.1M | 0.3% | +548.3% |
| SHAZ SHARONAI HOLDINGS INC | Technology | 202.4K | $4.6M | 0.3% | New |
| IREN IREN LTD | Financials | 114.2K | $3.9M | 0.2% | -19.3% |
| VNOM VIPER ENERGY INC-CL A | Energy | 75.1K | $3.5M | 0.2% | Held |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 22.9K | $3.4M | 0.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 5.8K | $3.3M | 0.2% | +1.5% |
| DUOT DUOS TECHNOLOGIES GROUP INC | Technology | 439.7K | $3.0M | 0.2% | New |
| GRAB GRAB HOLDINGS LTD - CL A | Services media | 729.6K | $2.7M | 0.1% | +240.2% |
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 70.7K | $2.4M | 0.1% | New |
| FIX COMFORT SYSTEMS USA INC | Industrials | 1.7K | $2.3M | 0.1% | -24.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 159 | $1.84B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 154 | $1.73B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 124 | $1.40B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 106 | $1.18B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 81 | $976.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 97 | $987.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 87 | $1.13B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 79 | $965.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 15, 2024 | 53 | $994.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 53 | $995K | SEC ↗ |
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