Stephens Group, LLC
Long book
$171.5M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+16.1%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsStephens Group, LLC is a diversified fundamental manager, specialised in utilities (61% of the long book), running a $171.5M US long book across 4 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ENERGY TRANSFER LP, WESTROCK COFFEE CO, CS DISCO INC, STUBHUB HOLDINGS INC-CLASS A.
Over the last 9 quarters its long book ran on average 5.1pp 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
-5.6%
Q2 2024
-13.7%
Q3 2024
+7.6%
Q4 2024
-2.2%
Q1 2025
-5.4%
Q2 2025
+3.1%
Q3 2025
+1.0%
Q4 2025
-6.2%
Q1 2026
+16.1%
Sector allocation
Utilities 61%
Consumer staples 20%
Technology 17%
Services media 1%
Long book by quarter
What does Stephens Group, own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 4 | $171.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 3 | $185.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 3, 2025 | 3 | $185.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 3, 2025 | 3 | $181.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 3, 2025 | 3 | $194.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 7, 2025 | 3 | $200.2M | confidential canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 3, 2024 | 3 | $188.0M | confidential canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 4 | $224.9M | confidential canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 3, 2024 | 4 | $250.9M | canonical | SEC ↗ |
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