Sandhill Capital Partners LLC

Fundamental diversified ★Signal CIK 1556245
League rank
#374
in Fundamental diversified · #2001 overall
Long book
$1.16B
Q1 2026
Positions
95
Top-10 weight
46%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
22%
of book per quarter

Strategy in plain words

auto-generated from filings

Sandhill Capital Partners LLC is a diversified fundamental manager, running a $1.16B US long book across 95 positions.

The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR BB 1-3M T-BILL ETF, SERVICENOW INC, AECOM, SCHWAB (CHARLES) CORP, AMPHENOL CORP-CL A.

Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 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
+5.9%
Q2 2024
+8.4%
Q3 2024
-3.4%
Q4 2024
-5.4%
Q1 2025
+15.0%
Q2 2025
+4.4%
Q3 2025
-2.1%
Q4 2025
-8.3%
Q1 2026
+14.1%

Sector allocation

Technology
38%
Industrials
16%
Financials
13%
Services media
13%
Healthcare
9%
Consumer discretionary
5%
Materials
4%
Energy
1%

Long book by quarter

$1.25B
Q1 2024
$1.30B
Q2 2024
$1.40B
Q3 2024
$1.28B
Q4 2024
$1.22B
Q1 2025
$1.39B
Q2 2025
$1.43B
Q3 2025
$1.40B
Q4 2025
$1.16B
Q1 2026

What does Sandhill Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NOW SERVICENOW INCTechnology544.6K$56.9M4.9%+66.3%
ACM AECOMServices media585.5K$49.7M4.3%+24.0%
SCHW SCHWAB (CHARLES) CORPFinancials517.1K$48.6M4.2%-9.7%
APH AMPHENOL CORP-CL ATechnology378.7K$47.9M4.1%-38.2%
MSFT MICROSOFT CORPTechnology121.8K$45.1M3.9%+339.6%
GE GENERAL ELECTRICIndustrials155.1K$44.0M3.8%-19.0%
PANW PALO ALTO NETWORKS INCTechnology264.5K$42.4M3.6%-34.0%
UBER UBER TECHNOLOGIES INCServices media574.9K$41.4M3.6%-9.9%
LIN LINDE PLCMaterials82.7K$41.0M3.5%-8.0%
AJG ARTHUR J GALLAGHER & COFinancials172.0K$37.3M3.2%+20.4%
ISRG INTUITIVE SURGICAL INCHealthcare79.7K$36.7M3.2%-30.4%
SYK STRYKER CORPHealthcare111.0K$36.5M3.1%New
GWRE GUIDEWIRE SOFTWARE INCTechnology242.0K$36.2M3.1%+16.6%
CR CRANE COIndustrials211.0K$36.1M3.1%+126.1%
TXN TEXAS INSTRUMENTS INCTechnology185.5K$36.0M3.1%+681.5%
TT TRANE TECHNOLOGIES PLCTechnology86.0K$35.8M3.1%-9.1%
AMZN AMAZON.COM INCConsumer discretionary171.8K$35.8M3.1%+752.8%
SPXC SPX TECHNOLOGIES INCIndustrials177.2K$35.4M3.0%-35.4%
AVGO BROADCOM INCTechnology112.2K$34.7M3.0%+178.0%
ANET ARISTA NETWORKS INCTechnology272.2K$33.4M2.9%-27.6%
SPGI S&P GLOBAL INCServices media72.2K$30.7M2.6%-9.7%
BKNG BOOKING HOLDINGS INCIndustrials5.5K$23.2M2.0%-8.2%
AAPL APPLE INCTechnology45.7K$11.6M1.0%-7.3%
CAT CATERPILLAR INCIndustrials14.3K$10.1M0.9%-10.7%
JPM JPMORGAN CHASE & COFinancials29.9K$8.8M0.8%-10.1%
JCI JOHNSON CONTROLS INTERNATIONIndustrials59.9K$7.8M0.7%-8.1%
CVX CHEVRON CORPEnergy32.9K$6.8M0.6%-4.8%
PG PROCTER & GAMBLE CO/THEOther46.7K$6.7M0.6%-4.8%
USB US BANCORPFinancials128.7K$6.7M0.6%-86.6%
JNJ JOHNSON & JOHNSONHealthcare25.9K$6.3M0.5%-6.8%
AXP AMERICAN EXPRESS COFinancials20.1K$6.1M0.5%-8.0%
WM WASTE MANAGEMENT INCUtilities25.9K$6.0M0.5%-6.0%
CME CME GROUP INCFinancials19.9K$5.9M0.5%-9.5%
BLK BLACKROCK INCFinancials6.1K$5.8M0.5%-11.2%
GS GOLDMAN SACHS GROUP INCFinancials6.7K$5.6M0.5%+1.0%
MRK MERCK & CO. INC.Healthcare44.0K$5.3M0.5%-7.9%
KO COCA-COLA CO/THEConsumer staples68.6K$5.2M0.4%-7.2%
MCD MCDONALD'S CORPConsumer discretionary16.6K$5.2M0.4%-6.1%
HD HOME DEPOT INCConsumer discretionary14.4K$4.7M0.4%-4.8%
V VISA INC-CLASS A SHARESServices media12.9K$3.9M0.3%-7.3%
QCOM QUALCOMM INCTechnology29.1K$3.7M0.3%-6.4%
VZ VERIZON COMMUNICATIONS INCCommunications72.2K$3.6M0.3%-5.7%
PAYX PAYCHEX INCServices media32.2K$3.0M0.3%-9.5%
UNH UNITEDHEALTH GROUP INCFinancials10.3K$2.8M0.2%-19.6%
CRM SALESFORCE INCTechnology13.5K$2.5M0.2%-9.2%
ZBH ZIMMER BIOMET HOLDINGS INCHealthcare14.0K$1.3M0.1%Held
EW EDWARDS LIFESCIENCES CORPHealthcare15.8K$1.3M0.1%-4.5%
MMM 3M COHealthcare8.5K$1.2M0.1%-0.1%
SYY SYSCO CORPConsumer discretionary16.1K$1.1M0.1%Held
DOW DOW INCMaterials23.7K$985K0.1%-1.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202696$1.16B canonicalSEC ↗
Q4 202513F-HRFeb 12, 2026105$1.40B canonicalSEC ↗
Q3 202513F-HRNov 13, 2025108$1.43B canonicalSEC ↗
Q2 202513F-HRAug 12, 2025101$1.39B canonicalSEC ↗
Q1 202513F-HRMay 14, 202594$1.22B canonicalSEC ↗
Q4 202413F-HRFeb 13, 202596$1.28B canonicalSEC ↗
Q3 202413F-HRNov 13, 202494$1.40B canonicalSEC ↗
Q2 202413F-HRAug 13, 202489$1.30B canonicalSEC ↗
Q1 202413F-HRMay 14, 202491$1.25B canonicalSEC ↗