STEEL PARTNERS HOLDINGS L.P.
Long book
$96.4M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
+2.3%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsSTEEL PARTNERS HOLDINGS L.P. is a concentrated fundamental stock-picker, running a $96.4M US long book across 10 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: INMODE LTD, MATTHEWS INTL CORP-CLASS A, GREEN DOT CORP-CLASS A, SPRUCE POWER HOLDING CORP, NATIONAL PRESTO INDS INC.
Over the last 5 quarters its long book ran on average 15pp per quarter behind the S&P 500, beating the index in 0 of 5 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
-11.2%
Q2 2024
-5.2%
Q3 2024
-28.9%
Q4 2025
-9.1%
Q1 2026
+2.3%
Sector allocation
Industrials 37%
Healthcare 26%
Financials 14%
Utilities 14%
Consumer discretionary 7%
Technology 1%
Long book by quarter
What does STEEL PARTNERS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| INMD INMODE LTD | Healthcare | 1.8M | $24.6M | 25.5% | +154.8% |
| MATW MATTHEWS INTL CORP-CLASS A | Industrials | 768.9K | $19.9M | 20.6% | Held |
| GDOT GREEN DOT CORP-CLASS A | Financials | 1.2M | $13.8M | 14.3% | -67.4% |
| SPRU SPRUCE POWER HOLDING CORP | Utilities | 3.4M | $13.8M | 14.3% | +5.1% |
| NPK NATIONAL PRESTO INDS INC | Industrials | 56.5K | $7.7M | 8.0% | Held |
| RICK RCI HOSPITALITY HOLDINGS INC | Consumer discretionary | 312.9K | $7.1M | 7.4% | Held |
| BOOM DMC GLOBAL INC | Industrials | 1.2M | $6.2M | 6.5% | -39.5% |
| TRS TRIMAS CORP | Industrials | 54.1K | $1.9M | 2.0% | Held |
| ESP ESPEY MFG & ELECTRONICS CORP | Technology | 16.6K | $921K | 1.0% | Held |
| PETS PETMED EXPRESS INC | Healthcare | 193.7K | $442K | 0.5% | Held |
13F filing history
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