SMITH THOMAS W
Long book
$101.2M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+36.5%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsSMITH THOMAS W is a diversified fundamental manager, running a $101.2M US long book across 5 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: CREDIT ACCEPTANCE CORP, BRITISH AMERICAN TOB-SP ADR, WAYFAIR INC- CLASS A, WORLD ACCEPTANCE CORP, CIMPRESS PLC.
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
Q4 2025
-5.9%
Q1 2026
+36.5%
Sector allocation
Financials 65%
Consumer discretionary 23%
Other 12%
Long book by quarter
What does SMITH THOMAS own?
Q1 2026 13F13F filing history
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