Steamboat Capital Partners, LLC

Fundamental diversified ★Signal CIK 1635663
League rank
#69
in Fundamental diversified · #332 overall
Long book
$402.5M
Q1 2026
Positions
56
Top-10 weight
34%
concentration
Last quarter
+24.6%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

Steamboat Capital Partners, LLC is a diversified fundamental manager, running a $402.5M US long book across 56 positions.

The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALPHABET INC-CL C, CALIFORNIA RESOURCES CORP, CENTURY ALUMINUM COMPANY, BROADCOM INC, ZOOM COMMUNICATIONS INC.

Over the last 9 quarters its long book ran on average 2pp per quarter ahead of 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
+3.2%
Q2 2024
+11.6%
Q3 2024
+2.0%
Q4 2024
-4.3%
Q1 2025
+13.2%
Q2 2025
+10.0%
Q3 2025
+1.2%
Q4 2025
-2.9%
Q1 2026
+24.6%

Sector allocation

Technology
26%
Industrials
18%
Financials
15%
Services media
9%
Healthcare
7%
Energy
7%
Consumer discretionary
4%
Utilities
4%

Long book by quarter

$290.3M
Q1 2024
$272.5M
Q2 2024
$317.3M
Q3 2024
$323.8M
Q4 2024
$330.6M
Q1 2025
$351.2M
Q2 2025
$384.1M
Q3 2025
$364.5M
Q4 2025
$402.5M
Q1 2026

What does Steamboat Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology75.0K$21.5M5.3%+32.2%
CRC CALIFORNIA RESOURCES CORPEnergy247.2K$17.1M4.3%New
CENX CENTURY ALUMINUM COMPANYIndustrials276.2K$16.2M4.0%-34.8%
AVGO BROADCOM INCTechnology45.0K$13.9M3.5%+26.2%
ZM ZOOM COMMUNICATIONS INCTechnology148.1K$11.9M3.0%New
TIPT TIPTREE INCFinancials690.0K$11.7M2.9%+39.7%
META META PLATFORMS INC-CLASS ATechnology20.1K$11.5M2.9%+21.2%
MU MICRON TECHNOLOGY INCTechnology33.0K$11.1M2.8%-0.8%
ICLR ICON PLCHealthcare100.3K$11.1M2.8%New
COMP COMPASS INC - CLASS AReal estate1.5M$10.9M2.7%+52.1%
AER AERCAP HOLDINGS NVServices media75.4K$10.3M2.6%-24.7%
CPAY CORPAY INCServices media35.0K$10.2M2.5%New
DELL DELL TECHNOLOGIES -CTechnology60.7K$10.0M2.5%-1.9%
GPOR GULFPORT ENERGY CORPEnergy45.3K$9.6M2.4%-0.6%
GPN GLOBAL PAYMENTS INCServices media140.0K$9.4M2.3%+2.8%
MHO M/I HOMES INCIndustrials76.5K$9.4M2.3%-0.6%
THC TENET HEALTHCARE CORPHealthcare49.6K$9.4M2.3%-3.4%
ACMR ACM RESEARCH INC-CLASS AIndustrials223.4K$8.8M2.2%-55.7%
IESC IES HOLDINGS INCIndustrials18.0K$8.6M2.1%-0.6%
REZI RESIDEO TECHNOLOGIES INCConsumer discretionary248.7K$8.4M2.1%-17.1%
TMUS T-MOBILE US INCCommunications37.2K$7.8M1.9%-0.6%
WULF TERAWULF INCFinancials521.8K$7.5M1.9%New
CRH CRH PLCIndustrials69.4K$7.3M1.8%+99.0%
MED MEDIFAST INCConsumer staples707.6K$7.2M1.8%+156.0%
COF CAPITAL ONE FINANCIAL CORPFinancials39.1K$7.1M1.8%New
HALO HALOZYME THERAPEUTICS INCHealthcare109.7K$7.1M1.8%-23.9%
APO APOLLO GLOBAL MANAGEMENT INCFinancials63.6K$7.1M1.8%+1063.7%
TLN TALEN ENERGY CORPUtilities20.4K$6.5M1.6%-0.6%
PPLI PEOPLE INCTechnology158.9K$6.4M1.6%-0.6%
CORZ CORE SCIENTIFIC INCFinancials404.7K$6.1M1.5%+106.0%
PRTH PRIORITY TECHNOLOGY HOLDINGSServices media1.3M$6.0M1.5%-19.0%
DAL DELTA AIR LINES INCIndustrials89.1K$5.9M1.5%+49.3%
TMHC TAYLOR MORRISON HOME CORPIndustrials100.8K$5.9M1.5%-32.5%
ECHO ECHOSTAR CORP-ACommunications50.0K$5.9M1.5%New
VCTR VICTORY CAPITAL HOLDING - AFinancials85.0K$5.6M1.4%-20.5%
MSFT MICROSOFT CORPTechnology14.9K$5.5M1.4%-0.6%
NVDA NVIDIA CORPTechnology29.7K$5.2M1.3%+51.3%
SN SHARKNINJA INCIndustrials48.8K$5.2M1.3%-0.6%
AMZN AMAZON.COM INCConsumer discretionary24.5K$5.1M1.3%-0.6%
SLM SLM CORPFinancials184.7K$4.0M1.0%+0.9%
LOW LOWE'S COS INCConsumer discretionary14.6K$3.5M0.9%-0.7%
HNRG HALLADOR ENERGY COUtilities201.1K$3.3M0.8%-31.1%
WIX WIX.COM LTDTechnology34.2K$3.1M0.8%New
GFF GRIFFON CORPIndustrials39.6K$2.9M0.7%+46.8%
ACGL ARCH CAPITAL GROUP LTDFinancials29.9K$2.9M0.7%-0.6%
VST VISTRA CORPUtilities18.0K$2.7M0.7%-0.6%
NRG NRG ENERGY INCUtilities18.3K$2.7M0.7%-0.6%
BX BLACKSTONE INCFinancials21.8K$2.5M0.6%-0.6%
CI THE CIGNA GROUPFinancials9.3K$2.5M0.6%-0.2%
TDAY USA TODAY CO INCOther346.7K$2.4M0.6%+41.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202656$402.5M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202659$364.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 202560$384.1M canonicalSEC ↗
Q2 202513F-HRAug 14, 202558$351.2M canonicalSEC ↗
Q1 202513F-HRMay 15, 202555$330.6M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202556$323.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202449$317.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 202441$272.5M canonicalSEC ↗
Q1 202413F-HRMay 7, 202437$290.3M canonicalSEC ↗