STEINBERG ASSET MANAGEMENT LLC

Fundamental concentrated ★Highest signal CIK 1169883
League rank
#891
in Fundamental concentrated · #7138 overall
Long book
$154.4M
Q1 2026
Positions
40
Top-10 weight
78%
concentration
Last quarter
+3.9%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

STEINBERG ASSET MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $154.4M US long book across 40 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: GOLAR LNG LTD, ALPHABET INC-CL C, MADISON SQUARE GARDEN SPORTS, ARCH CAPITAL GROUP LTD, BROOKFIELD RENEWABLE CORP.

Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 4 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
+11.1%
Q2 2024
+8.9%
Q3 2024
+5.7%
Q4 2024
-7.3%
Q1 2025
+8.1%
Q2 2025
+4.6%
Q3 2025
+0.0%
Q4 2025
+18.2%
Q1 2026
+3.9%

Sector allocation

Industrials
55%
Services media
12%
Technology
10%
Financials
8%
Communications
4%
Healthcare
3%
Consumer discretionary
3%
Utilities
3%

Long book by quarter

$117.9M
Q1 2024
$127.7M
Q2 2024
$130.9M
Q3 2024
$135.5M
Q4 2024
$122.9M
Q1 2025
$134.2M
Q2 2025
$139.2M
Q3 2025
$134.4M
Q4 2025
$154.4M
Q1 2026

What does STEINBERG ASSET own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GLNG GOLAR LNG LTDIndustrials1.4M$76.8M49.7%+0.2%
GOOG ALPHABET INC-CL CTechnology33.8K$9.7M6.3%0.0%
MSGS MADISON SQUARE GARDEN SPORTSServices media22.8K$7.3M4.7%-12.4%
ACGL ARCH CAPITAL GROUP LTDFinancials74.2K$7.1M4.6%0.0%
BEPC BROOKFIELD RENEWABLE CORPUtilities101.6K$4.0M2.6%Held
VSAT VIASAT INCCommunications85.9K$3.9M2.5%Held
IQV IQVIA HOLDINGS INCHealthcare20.8K$3.5M2.3%Held
PRMB PRIMO BRANDS CORPConsumer staples152.4K$2.9M1.9%+51.8%
DG DOLLAR GENERAL CORPConsumer discretionary21.4K$2.5M1.6%-17.2%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials5.0K$2.4M1.6%Held
ACM AECOMServices media28.2K$2.4M1.5%0.0%
UBER UBER TECHNOLOGIES INCServices media30.7K$2.2M1.4%+47.4%
NVGS NAVIGATOR HOLDINGS LTDIndustrials102.2K$2.0M1.3%-77.8%
FISV FISERV INCServices media34.6K$1.9M1.2%+216.4%
IBM INTL BUSINESS MACHINES CORPTechnology7.6K$1.8M1.2%0.0%
TMUS T-MOBILE US INCCommunications8.4K$1.8M1.1%-0.1%
CRM SALESFORCE INCTechnology8.3K$1.6M1.0%Held
GHC GRAHAM HOLDINGS CO-CLASS BServices media1.5K$1.6M1.0%Held
VC VISTEON CORPIndustrials16.2K$1.5M1.0%-0.5%
FDX FEDEX CORPIndustrials3.9K$1.4M0.9%0.0%
ABBV ABBVIE INCHealthcare6.5K$1.4M0.9%Held
MA MASTERCARD INC - AServices media2.7K$1.4M0.9%+38.8%
WD WALKER & DUNLOP INCFinancials30.3K$1.3M0.9%New
RELY REMITLY GLOBAL INCServices media83.8K$1.3M0.9%-24.9%
HSIC HENRY SCHEIN INCConsumer discretionary16.5K$1.2M0.8%Held
HON HONEYWELL INTERNATIONAL INCIndustrials4.1K$925K0.6%0.0%
FRSH FRESHWORKS INC-CL ATechnology114.7K$921K0.6%+1.4%
OSK OSHKOSH CORPIndustrials5.8K$849K0.5%Held
FLEX FLEX LTDTechnology10.5K$689K0.4%-0.1%
Q QNITY ELECTRONICS INCTechnology5.5K$638K0.4%Held
AMRZ AMRIZE LTDIndustrials11.4K$638K0.4%Held
AMZN AMAZON.COM INCConsumer discretionary3.0K$614K0.4%New
DD DUPONT DE NEMOURS INCMaterials11.1K$507K0.3%Held
CB CHUBB LTDFinancials1.5K$490K0.3%Held
C CITIGROUP INCFinancials4.1K$466K0.3%0.0%
ROK ROCKWELL AUTOMATION INCOther1.2K$439K0.3%Held
DELL DELL TECHNOLOGIES -CTechnology2.3K$371K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202640$154.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202640$134.4M canonicalSEC ↗
Q3 202513F-HRNov 14, 202539$139.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202537$134.2M canonicalSEC ↗
Q1 202513F-HRMay 15, 202537$122.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202541$135.5M canonicalSEC ↗
Q3 202413F-HRNov 14, 202441$130.9M canonicalSEC ↗
Q2 202413F-HRAug 14, 202443$127.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 202443$117.9M canonicalSEC ↗