STEADFAST CAPITAL MANAGEMENT LP

Fundamental diversified ★Signal CIK 1214822
League rank
#361
in Fundamental diversified · #1894 overall
Long book
$2.65B
Q1 2026
Positions
67
Top-10 weight
48%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
76%
of book per quarter

Strategy in plain words

auto-generated from filings

STEADFAST CAPITAL MANAGEMENT LP is a diversified fundamental manager, running a $2.65B US long book across 67 positions.

The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PERFORMANCE FOOD GROUP CO, PLANET FITNESS INC - CL A, TEXAS ROADHOUSE INC, SHARKNINJA INC, LIVE NATION ENTERTAINMENT IN.

Over the last 9 quarters its long book ran on average 0.2pp 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
+2.7%
Q2 2024
+8.8%
Q3 2024
+3.6%
Q4 2024
-4.9%
Q1 2025
+15.1%
Q2 2025
+5.5%
Q3 2025
+2.0%
Q4 2025
-8.5%
Q1 2026
+14.4%

Sector allocation

Consumer discretionary
30%
Technology
22%
Services media
18%
Financials
9%
Industrials
9%
Other
6%
Communications
4%
Materials
1%

Long book by quarter

$4.40B
Q1 2024
$4.20B
Q2 2024
$4.30B
Q3 2024
$4.72B
Q4 2024
$3.53B
Q1 2025
$5.38B
Q2 2025
$5.53B
Q3 2025
$5.71B
Q4 2025
$2.65B
Q1 2026

What does STEADFAST CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PFGC PERFORMANCE FOOD GROUP COConsumer discretionary3.4M$290.9M11.0%+96.4%
PLNT PLANET FITNESS INC - CL AServices media2.2M$164.6M6.2%+17.1%
TXRH TEXAS ROADHOUSE INCConsumer discretionary909.1K$150.1M5.7%-30.5%
SN SHARKNINJA INCIndustrials1.2M$130.4M4.9%New
LYV LIVE NATION ENTERTAINMENT INServices media670.0K$102.2M3.9%+375.2%
CSCO CISCO SYSTEMS INCTechnology1.3M$98.9M3.7%-34.3%
NVDA NVIDIA CORPTechnology485.4K$84.7M3.2%-38.6%
SPHR SPHERE ENTERTAINMENT COServices media711.7K$83.5M3.1%-33.4%
SGI SOMNIGROUP INTERNATIONAL INCOther1.0M$77.4M2.9%New
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary2.4M$75.8M2.9%-53.1%
INTU INTUIT INCTechnology175.1K$75.7M2.9%New
CBOE CBOE GLOBAL MARKETS INCFinancials239.3K$67.3M2.5%New
HD HOME DEPOT INCConsumer discretionary203.8K$67.0M2.5%-53.0%
CNK CINEMARK HOLDINGS INCServices media2.1M$58.6M2.2%+413.0%
GOOGL ALPHABET INC-CL ATechnology196.3K$56.5M2.1%-79.6%
SHOP SHOPIFY INC - CLASS ATechnology474.0K$56.2M2.1%-55.9%
KNX KNIGHT-SWIFT TRANSPORTATIONIndustrials950.4K$54.7M2.1%New
MHK MOHAWK INDUSTRIES INCOther543.1K$53.5M2.0%-47.8%
AIG AMERICAN INTERNATIONAL GROUPFinancials700.6K$52.7M2.0%+2.6%
ECHO ECHOSTAR CORP-ACommunications449.7K$52.6M2.0%+229.7%
COF CAPITAL ONE FINANCIAL CORPFinancials262.5K$47.9M1.8%+67.0%
FND FLOOR & DECOR HOLDINGS INC-AConsumer discretionary918.9K$46.7M1.8%-65.7%
FLG FLAGSTAR BANK NAFinancials3.5M$45.6M1.7%+81.0%
AVGO BROADCOM INCTechnology135.3K$41.9M1.6%-22.6%
COST COSTCO WHOLESALE CORPConsumer discretionary40.8K$40.6M1.5%-62.5%
SPOT SPOTIFY TECHNOLOGY SACommunications78.5K$38.0M1.4%-77.4%
CIEN CIENA CORPTechnology81.7K$31.7M1.2%-73.5%
AMZN AMAZON.COM INCConsumer discretionary140.2K$29.2M1.1%-91.3%
AAPL APPLE INCTechnology111.3K$28.2M1.1%New
KGS KODIAK GAS SERVICES INCUtilities385.7K$22.5M0.8%New
NET CLOUDFLARE INC - CLASS ATechnology96.0K$19.8M0.7%New
ADSK AUTODESK INCTechnology82.1K$19.7M0.7%New
UBER UBER TECHNOLOGIES INCServices media271.7K$19.5M0.7%-75.4%
COHR COHERENT CORPOther70.5K$16.8M0.6%New
WMT WALMART INCConsumer discretionary134.1K$16.7M0.6%New
MSCI MSCI INCServices media27.6K$14.8M0.6%New
RCL ROYAL CARIBBEAN CRUISES LTDIndustrials51.8K$14.3M0.5%New
RMBS RAMBUS INCTechnology153.3K$13.2M0.5%New
AMAT APPLIED MATERIALS INCTechnology37.9K$13.0M0.5%New
USFD US FOODS HOLDING CORPConsumer discretionary135.6K$12.5M0.5%-85.9%
APP APPLOVIN CORP-CLASS ATechnology30.2K$12.0M0.5%-87.6%
LIN LINDE PLCMaterials23.8K$11.8M0.4%New
EXPE EXPEDIA GROUP INCIndustrials50.7K$11.7M0.4%-74.3%
SYY SYSCO CORPConsumer discretionary147.2K$10.5M0.4%New
XPO XPO INCIndustrials41.7K$8.1M0.3%-67.2%
BRR PROCAP FINANCIAL INCFinancials3.6M$7.7M0.3%-13.3%
AMR ALPHA METALLURGICAL RESOURCEMaterials37.1K$7.6M0.3%-65.3%
CNR CORE NATURAL RESOURCES INCMaterials55.6K$5.8M0.2%New
LITE LUMENTUM HOLDINGS INCTechnology8.1K$5.7M0.2%New
LILAK LIBERTY LATIN AMERIC-CL CCommunications562.4K$5.0M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202669$2.92B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026133$5.82B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025109$5.73B canonicalSEC ↗
Q2 202513F-HRAug 14, 202576$5.60B canonicalSEC ↗
Q1 202513F-HRMay 15, 202556$3.76B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202558$4.92B canonicalSEC ↗
Q3 202413F-HRNov 14, 202455$4.50B canonicalSEC ↗
Q2 202413F-HRAug 14, 202454$4.76B canonicalSEC ↗
Q1 202413F-HRMay 15, 202457$4.44B canonicalSEC ↗