Silver Rock Financial LP
Long book
$49.7M
Q1 2026
Positions
22
Top-10 weight
100%
concentration
Last quarter
-8.1%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsSilver Rock Financial LP is a concentrated fundamental stock-picker, specialised in communications (84% of the long book), running a $49.7M US long book across 22 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: ECHOSTAR CORP, COMCAST CORP-CLASS A, OPTIMUM COMMUNICATIONS INC-A, COMMUNITY HEALTH SYSTEMS INC, CABLE ONE INC.
Over the last 9 quarters its long book ran on average 6.2pp per quarter behind the S&P 500, beating the index in 3 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
+11.7%
Q2 2024
+30.6%
Q3 2024
-15.4%
Q4 2024
-8.2%
Q1 2025
-11.2%
Q2 2025
-2.1%
Q3 2025
-18.7%
Q4 2025
+6.1%
Q1 2026
-8.1%
Sector allocation
Communications 84%
Healthcare 12%
Consumer staples 2%
Services media 1%
Long book by quarter
What does Silver Rock own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CMCSA COMCAST CORP-CLASS A | Communications | 611.5K | $17.6M | 35.4% | Held |
| OPTU OPTIMUM COMMUNICATIONS INC-A | Communications | 2.8M | $3.6M | 7.3% | Held |
| CYH COMMUNITY HEALTH SYSTEMS INC | Healthcare | 1.1M | $3.2M | 6.5% | Held |
| CABO CABLE ONE INC | Communications | 15.0K | $1.4M | 2.8% | Held |
| BRCC BRC INC-A | Consumer staples | 860.0K | $668K | 1.3% | Held |
| SEAT VIVID SEATS INC - CLASS A | Services media | 56.9K | $337K | 0.7% | Held |
| NRDY NERDY INC | Services media | 17.7K | $14K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 22 | $49.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 25 | $55.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 29 | $69.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 30 | $398.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 29 | $381.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 28 | $582.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 39 | $408.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 44 | $25.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Aug 14, 2024 | 48 | $20.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 48 | $20.2M | SEC ↗ |