Sea Cliff Partners Management, LP

Fundamental concentrated ★Highest signal CIK 2011655
League rank
#102
in Fundamental concentrated · #148 overall
Long book
$193.7M
Q1 2026
Positions
13
Top-10 weight
89%
concentration
Last quarter
+33.2%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

Sea Cliff Partners Management, LP is a concentrated fundamental stock-picker, running a $193.7M US long book across 13 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: BRIGHTSPRING HEALTH SERVICES, WESCO INTERNATIONAL INC, LIFE TIME GROUP HOLDINGS INC, OKTA INC, INTEGER HOLDINGS CORP.

Over the last 9 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 2 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
-7.3%
Q2 2024
-1.0%
Q3 2024
-2.7%
Q4 2024
-7.4%
Q1 2025
+12.7%
Q2 2025
+0.9%
Q3 2025
+1.3%
Q4 2025
-4.5%
Q1 2026
+33.2%

Sector allocation

Healthcare
32%
Consumer discretionary
17%
Technology
14%
Services media
13%
Materials
8%
Industrials
7%
Other
7%
Financials
2%

Long book by quarter

$304.4M
Q1 2024
$292.2M
Q2 2024
$298.3M
Q3 2024
$288.3M
Q4 2024
$278.4M
Q1 2025
$293.3M
Q2 2025
$261.4M
Q3 2025
$237.3M
Q4 2025
$193.7M
Q1 2026

What does Sea Cliff own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BTSG BRIGHTSPRING HEALTH SERVICESHealthcare784.4K$33.4M17.3%-23.1%
WCC WESCO INTERNATIONAL INCConsumer discretionary86.2K$23.6M12.2%-10.2%
LTH LIFE TIME GROUP HOLDINGS INCServices media657.1K$17.7M9.1%+40.7%
OKTA OKTA INCTechnology220.1K$17.3M8.9%+11.7%
ITGR INTEGER HOLDINGS CORPHealthcare188.3K$16.6M8.6%+41.6%
HXL HEXCEL CORPMaterials193.2K$15.6M8.1%-34.7%
JHX JAMES HARDIE IND PLCIndustrials719.0K$13.6M7.0%-28.0%
7WH UDEMY INC2.7M$12.7M6.5%-14.3%
SGRY SURGERY PARTNERS INCHealthcare1.0M$12.4M6.4%+54.4%
GDDY GODADDY INC - CLASS ATechnology122.6K$10.1M5.2%-11.8%
CNM CORE & MAIN INC-CLASS AConsumer discretionary198.7K$9.8M5.1%-27.1%
PLNT PLANET FITNESS INC - CL AServices media102.5K$7.6M3.9%-50.0%
OMF ONEMAIN HOLDINGS INCFinancials60.0K$3.2M1.7%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202613$193.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613$237.3M canonicalSEC ↗
Q3 202513F-HRNov 14, 202515$261.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 202515$293.3M canonicalSEC ↗
Q1 202513F-HRMay 14, 202515$278.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202515$288.3M canonicalSEC ↗
Q3 202413F-HRNov 14, 202415$298.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 202414$292.2M canonicalSEC ↗
Q1 202413F-HRMay 14, 202415$304.4M canonicalSEC ↗