REVERENCE CAPITAL PARTNERS, L.P.
Long book
$473.9M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsREVERENCE CAPITAL PARTNERS, L.P. is a diversified fundamental manager, specialised in financials (100% of the long book), running a $473.9M US long book across 1 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: FLAGSTAR BANK NA.
Over the last 8 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 5 of 8 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
+13.3%
Q3 2024
-16.8%
Q4 2024
+24.7%
Q1 2025
-8.7%
Q2 2025
+9.0%
Q3 2025
+9.1%
Q4 2025
+4.7%
Q1 2026
+10.9%
Sector allocation
Financials 100%
Long book by quarter
What does REVERENCE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FLG FLAGSTAR BANK NA | Financials | 36.0M | $473.9M | 100.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 1 | $473.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 1 | $453.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 1 | $415.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 1 | $381.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 1 | $418.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 1 | $335.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 1 | $374.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 1 | $283.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 2 | $99.4M | canonical | SEC ↗ |