Snow Phipps Group, LLC
Long book
$317.6M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+4.3%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSnow Phipps Group, LLC is a diversified fundamental manager, specialised in financials (76% of the long book), running a $317.6M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VELOCITY FINANCIAL INC, LAUREATE EDUCATION INC.
Over the last 9 quarters its long book ran on average 1.9pp 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
+0.3%
Q2 2024
+9.6%
Q3 2024
+1.4%
Q4 2024
-1.6%
Q1 2025
+1.4%
Q2 2025
+4.2%
Q3 2025
+12.7%
Q4 2025
-9.4%
Q1 2026
+4.3%
Sector allocation
Financials 76%
Services media 24%
Long book by quarter
What does Snow Phipps own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 2 | $317.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 2 | $350.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 2 | $311.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 2 | $298.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 2 | $294.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 2 | $289.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 2 | $285.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 2 | $260.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 2 | $290.9M | canonical | SEC ↗ |