Shellback Capital, LP
Long book
$702.6M
Q1 2026
Positions
79
Top-10 weight
41%
concentration
Last quarter
+25.3%
SPY +14.8%
Turnover
62%
of book per quarter
Strategy in plain words
auto-generated from filingsShellback Capital, LP is a quantitative fund whose holdings reflect models, not opinions, running a $702.6M US long book across 79 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: TAPESTRY INC, ROSS STORES INC, ZEBRA TECHNOLOGIES CORP-CL A, RALPH LAUREN CORP, VIKING HOLDINGS LTD.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.2%
Q2 2024
+7.7%
Q3 2024
+10.4%
Q4 2024
-9.9%
Q1 2025
+19.3%
Q2 2025
+8.6%
Q3 2025
-0.2%
Q4 2025
-3.8%
Q1 2026
+25.3%
Sector allocation
Industrials 28%
Other 20%
Consumer discretionary 20%
Services media 15%
Technology 11%
Financials 3%
Communications 2%
Long book by quarter
What does Shellback Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TPR TAPESTRY INC | Other | 271.5K | $38.3M | 5.5% | -43.3% |
| ROST ROSS STORES INC | Consumer discretionary | 171.5K | $37.2M | 5.3% | -36.4% |
| ZBRA ZEBRA TECHNOLOGIES CORP-CL A | Industrials | 174.4K | $36.5M | 5.2% | New |
| RL RALPH LAUREN CORP | Other | 90.5K | $31.1M | 4.4% | -41.8% |
| VIK VIKING HOLDINGS LTD | Industrials | 375.0K | $27.6M | 3.9% | New |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 90.0K | $27.4M | 3.9% | +63.6% |
| AS AMER SPORTS INC | Other | 830.0K | $27.3M | 3.9% | -16.2% |
| COHR COHERENT CORP | Other | 87.2K | $20.8M | 3.0% | New |
| SN SHARKNINJA INC | Industrials | 195.0K | $20.7M | 2.9% | -61.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 100.0K | $20.3M | 2.9% | New |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 347.0K | $17.6M | 2.5% | -3.3% |
| C CITIGROUP INC | Financials | 150.0K | $17.0M | 2.4% | New |
| BURL BURLINGTON STORES INC | Consumer discretionary | 50.0K | $16.3M | 2.3% | -40.1% |
| GTES GATES INDUSTRIAL CORP PLC | Industrials | 702.1K | $15.9M | 2.3% | New |
| VSXY VICTORIA'S SECRET & CO | Consumer discretionary | 325.0K | $15.1M | 2.1% | +77.5% |
| CPA COPA HOLDINGS SA-CLASS A | Industrials | 120.0K | $13.6M | 1.9% | +139.8% |
| DHR DANAHER CORP | Technology | 70.6K | $13.4M | 1.9% | New |
| CPRI CAPRI HOLDINGS LTD | Other | 716.0K | $12.6M | 1.8% | -18.9% |
| FDX FEDEX CORP | Industrials | 35.0K | $12.5M | 1.8% | New |
| META META PLATFORMS INC-CLASS A | Technology | 20.0K | $11.4M | 1.6% | New |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 70.0K | $10.7M | 1.5% | -14.5% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 32.0K | $10.5M | 1.5% | +540.0% |
| MU MICRON TECHNOLOGY INC | Technology | 30.0K | $10.1M | 1.4% | New |
| MKSI MKS INC | Technology | 41.2K | $9.5M | 1.3% | +13.2% |
| EQPT EQUIPMENTSHARE.COM INC-A | Services media | 445.7K | $9.1M | 1.3% | New |
| DOV DOVER CORP | Industrials | 42.5K | $8.9M | 1.3% | -57.2% |
| CART MAPLEBEAR INC | Services media | 228.9K | $8.6M | 1.2% | +925.8% |
| ETN EATON CORP PLC | Industrials | 23.7K | $8.5M | 1.2% | New |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 40.0K | $7.9M | 1.1% | -70.2% |
| LTH LIFE TIME GROUP HOLDINGS INC | Services media | 294.2K | $7.9M | 1.1% | +7.3% |
| BOOT BOOT BARN HOLDINGS INC | Consumer discretionary | 53.2K | $7.8M | 1.1% | -37.6% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 16.0K | $7.8M | 1.1% | -77.1% |
| CHDN CHURCHILL DOWNS INC | Services media | 80.0K | $7.2M | 1.0% | -68.0% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 36.4K | $7.1M | 1.0% | New |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 20.0K | $6.6M | 0.9% | -33.3% |
| W WAYFAIR INC- CLASS A | Consumer discretionary | 80.4K | $6.0M | 0.9% | -37.4% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 100.0K | $6.0M | 0.9% | New |
| XPO XPO INC | Industrials | 30.0K | $5.8M | 0.8% | New |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 100.0K | $5.8M | 0.8% | New |
| GOOGL ALPHABET INC-CL A | Technology | 20.0K | $5.8M | 0.8% | -55.6% |
| ROKU ROKU INC | Communications | 60.0K | $5.7M | 0.8% | -41.4% |
| RCL ROYAL CARIBBEAN CRUISES LTD | Industrials | 20.0K | $5.5M | 0.8% | New |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 65.0K | $5.5M | 0.8% | New |
| DAL DELTA AIR LINES INC | Industrials | 80.0K | $5.3M | 0.8% | New |
| DASH DOORDASH INC - A | Services media | 35.0K | $5.3M | 0.7% | -30.0% |
| SAIA SAIA INC | Industrials | 13.8K | $4.9M | 0.7% | New |
| SPHR SPHERE ENTERTAINMENT CO | Services media | 40.0K | $4.7M | 0.7% | New |
| HZO MARINEMAX INC | Consumer discretionary | 162.8K | $4.4M | 0.6% | -9.1% |
| BKNG BOOKING HOLDINGS INC | Industrials | 1.0K | $4.2M | 0.6% | -80.0% |
| TOL TOLL BROTHERS INC | Industrials | 30.0K | $4.1M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 79 | $702.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 85 | $1.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 104 | $1.58B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 104 | $1.50B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 87 | $1.03B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 119 | $1.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 99 | $1.24B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 118 | $1.36B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 123 | $1.49B | canonical | SEC ↗ |
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