STADIUM CAPITAL MANAGEMENT LLC
Long book
$40.6M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
-5.6%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSTADIUM CAPITAL MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $40.6M US long book across 6 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: BUILDERS FIRSTSOURCE INC, BRUNSWICK CORP, DICK'S SPORTING GOODS INC, LCI INDUSTRIES, SLEEP NUMBER CORP.
Over the last 9 quarters its long book ran on average 10.1pp 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
-24.5%
Q2 2024
+34.8%
Q3 2024
-12.6%
Q4 2024
-28.3%
Q1 2025
-1.1%
Q2 2025
+8.9%
Q3 2025
+2.9%
Q4 2025
-25.2%
Q1 2026
-5.6%
Sector allocation
Consumer discretionary 49%
Industrials 37%
Other 12%
Technology 2%
Long book by quarter
What does STADIUM CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 158.9K | $13.1M | 32.2% | Held |
| BC BRUNSWICK CORP | Industrials | 133.7K | $9.7M | 23.9% | -42.7% |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 35.3K | $7.0M | 17.2% | Held |
| LCII LCI INDUSTRIES | Industrials | 41.7K | $5.1M | 12.6% | -75.1% |
| SNBRQ SLEEP NUMBER CORP | Other | 2.6M | $4.7M | 11.6% | Held |
| GTLB GITLAB INC-CL A | Technology | 44.7K | $967K | 2.4% | -47.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 6 | $40.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 6 | $86.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 7 | $93.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 7 | $108.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $109.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 10 | $118.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 11 | $132.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 9 | $90.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 9 | $126.0M | canonical | SEC ↗ |
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