Simcoe Capital Management, LLC

Fundamental concentrated ★Signal CIK 1633362
League rank
#789
in Fundamental concentrated · #6547 overall
Long book
$539.0M
Q1 2026
Positions
14
Top-10 weight
90%
concentration
Last quarter
+7.6%
SPY +14.8%
Turnover
44%
of book per quarter

Strategy in plain words

auto-generated from filings

Simcoe Capital Management, LLC is a concentrated fundamental stock-picker, running a $539.0M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GILDAN ACTIVEWEAR INC, INGEVITY CORP, WISDOMTREE INC, BRINK'S CO/THE, AUTONATION INC.

Over the last 9 quarters its long book ran on average 2.9pp 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
-6.8%
Q2 2024
+2.4%
Q3 2024
+0.5%
Q4 2024
-11.7%
Q1 2025
+17.3%
Q2 2025
+9.0%
Q3 2025
-4.2%
Q4 2025
-0.2%
Q1 2026
+7.6%

Sector allocation

Other
24%
Industrials
19%
Services media
15%
Materials
13%
Financials
13%
Consumer discretionary
11%
Consumer staples
5%
Healthcare
1%

Long book by quarter

$731.8M
Q1 2024
$666.4M
Q2 2024
$762.4M
Q3 2024
$680.5M
Q4 2024
$557.1M
Q1 2025
$685.4M
Q2 2025
$689.9M
Q3 2025
$559.0M
Q4 2025
$539.0M
Q1 2026

What does Simcoe Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GIL GILDAN ACTIVEWEAR INCOther1.5M$85.0M15.8%-9.9%
NGVT INGEVITY CORPMaterials982.0K$69.9M13.0%-3.8%
WT WISDOMTREE INCFinancials4.7M$67.9M12.6%-11.2%
BCO BRINK'S CO/THEIndustrials587.7K$60.9M11.3%+4.6%
AN AUTONATION INCConsumer discretionary295.0K$57.6M10.7%+66.4%
KOP KOPPERS HOLDINGS INCOther944.4K$36.5M6.8%+16.1%
DFIN DONNELLEY FINANCIAL SOLUTIONServices media597.7K$28.2M5.2%-43.1%
PRMB PRIMO BRANDS CORPConsumer staples1.4M$26.9M5.0%Held
LRN STRIDE INCServices media302.3K$26.7M4.9%New
DRVN DRIVEN BRANDS HOLDINGS INCServices media2.1M$26.5M4.9%Held
TNC TENNANT COIndustrials372.9K$24.8M4.6%New
MATW MATTHEWS INTL CORP-CLASS AIndustrials706.4K$18.2M3.4%+110.6%
PTON PELOTON INTERACTIVE INC-AOther1.2M$5.2M1.0%New
CON CONCENTRA GROUP HOLDINGS PARHealthcare217.7K$4.7M0.9%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202615$576.2M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202614$559.0M canonicalSEC ↗
Q3 202513F-HRNov 13, 202534$689.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 202536$1.01B canonicalSEC ↗
Q1 202513F-HRMay 14, 202528$557.1M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202522$680.5M canonicalSEC ↗
Q3 202413F-HRNov 14, 202430$762.4M canonicalSEC ↗
Q2 202413F-HRAug 14, 202423$666.4M canonicalSEC ↗
Q1 202413F-HRMay 15, 202427$755.7M canonicalSEC ↗