Southpoint Capital Advisors LP
Long book
$4.86B
Q1 2026
Positions
41
Top-10 weight
50%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
51%
of book per quarter
Strategy in plain words
auto-generated from filingsSouthpoint Capital Advisors LP is a diversified fundamental manager, running a $4.86B US long book across 41 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: CIRCLE INTERNET GROUP INC, ZOETIS INC, ILLUMINA INC, ALCON INC, EQUINIX INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 5 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
-7.0%
Q2 2024
+7.7%
Q3 2024
-0.1%
Q4 2024
-4.1%
Q1 2025
+14.0%
Q2 2025
+5.4%
Q3 2025
+8.4%
Q4 2025
-3.2%
Q1 2026
+11.4%
Sector allocation
Healthcare 26%
Services media 15%
Consumer discretionary 14%
Financials 13%
Technology 13%
Industrials 6%
Communications 5%
Other 4%
Long book by quarter
What does Southpoint Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CRCL CIRCLE INTERNET GROUP INC | Financials | 3.3M | $314.9M | 6.5% | +175.0% |
| ZTS ZOETIS INC | Healthcare | 2.2M | $260.1M | 5.4% | +340.0% |
| ILMN ILLUMINA INC | Healthcare | 2.1M | $258.8M | 5.3% | +20.0% |
| ALC ALCON INC | Healthcare | 3.4M | $256.2M | 5.3% | +70.0% |
| HSIC HENRY SCHEIN INC | Consumer discretionary | 3.2M | $235.8M | 4.9% | +28.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 3.1M | $223.0M | 4.6% | New |
| MSFT MICROSOFT CORP | Technology | 600.0K | $222.1M | 4.6% | +20.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 400.0K | $196.6M | 4.0% | +300.0% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 400.0K | $194.0M | 4.0% | New |
| NFLX NETFLIX INC | Services media | 2.0M | $192.3M | 4.0% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 900.0K | $183.1M | 3.8% | +50.0% |
| AON AON PLC-CLASS A | Financials | 500.0K | $161.4M | 3.3% | -23.1% |
| BDX BECTON DICKINSON AND CO | Healthcare | 1.0M | $157.2M | 3.2% | -28.6% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 600.0K | $140.0M | 2.9% | Held |
| BA BOEING CO/THE | Industrials | 700.0K | $139.3M | 2.9% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 600.0K | $125.0M | 2.6% | -45.5% |
| XRAY DENTSPLY SIRONA INC | Healthcare | 10.0M | $116.0M | 2.4% | New |
| DHR DANAHER CORP | Technology | 600.0K | $113.8M | 2.3% | New |
| CEG CONSTELLATION ENERGY | Utilities | 400.0K | $111.7M | 2.3% | -11.1% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 600.0K | $104.8M | 2.2% | New |
| POOL POOL CORP | Consumer discretionary | 500.0K | $101.2M | 2.1% | +66.7% |
| OPCH OPTION CARE HEALTH INC | Healthcare | 3.6M | $96.9M | 2.0% | +20.0% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 800.0K | $91.9M | 1.9% | New |
| DAL DELTA AIR LINES INC | Industrials | 1.0M | $66.5M | 1.4% | -33.3% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 600.0K | $51.0M | 1.0% | New |
| LFUS LITTELFUSE INC | Industrials | 150.0K | $50.9M | 1.0% | New |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 1.1M | $50.8M | 1.0% | -40.1% |
| W WAYFAIR INC- CLASS A | Consumer discretionary | 664.3K | $50.0M | 1.0% | -55.7% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 155.0K | $49.8M | 1.0% | +3.3% |
| COMP COMPASS INC - CLASS A | Real estate | 6.0M | $43.9M | 0.9% | -25.0% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 900.0K | $38.4M | 0.8% | +28.6% |
| SNDK SANDISK CORP | Technology | 60.0K | $38.1M | 0.8% | New |
| TE T1 ENERGY INC | Technology | 6.0M | $26.3M | 0.5% | Held |
| UHAL U-HAUL HOLDING CO | Services media | 362.0K | $17.3M | 0.4% | -39.7% |
| FENC FENNEC PHARMACEUTICALS INC | Healthcare | 2.7M | $16.9M | 0.3% | Held |
| WLTH WEALTHFRONT CORP | Financials | 1.4M | $12.9M | 0.3% | New |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 500.0K | $10.4M | 0.2% | New |
| NOVT NOVANTA INC | Technology | 70.0K | $8.3M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 41 | $4.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 38 | $4.30B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 41 | $3.81B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 38 | $3.97B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 41 | $4.19B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 38 | $4.26B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 42 | $4.22B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 45 | $4.02B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 51 | $5.05B | canonical | SEC ↗ |
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