Stone House Capital Management, LLC

Fundamental diversified ★Signal technology specialist (62%) CIK 1589943
Long book
$81.5M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-6.6%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Stone House Capital Management, LLC is a diversified fundamental manager, specialised in technology (62% of the long book), running a $81.5M US long book across 2 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: RIDENOW GROUP INC, DESIGNER BRANDS INC-CLASS A.

Over the last 9 quarters its long book ran on average 3.6pp 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
-10.6%
Q2 2024
-8.6%
Q3 2024
-5.2%
Q4 2024
-15.6%
Q1 2025
-1.5%
Q2 2025
+8.7%
Q3 2025
+45.2%
Q4 2025
+2.1%
Q1 2026
-6.6%

Sector allocation

Technology
62%
Consumer discretionary
38%

Long book by quarter

$275.8M
Q1 2024
$240.6M
Q2 2024
$174.2M
Q3 2024
$168.8M
Q4 2024
$118.0M
Q1 2025
$116.1M
Q2 2025
$83.8M
Q3 2025
$80.1M
Q4 2025
$81.5M
Q1 2026

What does Stone House own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
RDNW RIDENOW GROUP INCTechnology7.1M$50.2M61.6%Held
DBI DESIGNER BRANDS INC-CLASS AConsumer discretionary5.5M$31.3M38.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263$90.0M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20263$91.2M canonicalSEC ↗
Q3 202513F-HRNov 14, 20254$89.1M canonicalSEC ↗
Q2 202513F-HRAug 14, 20254$119.7M canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$118.0M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$168.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 20244$174.2M canonicalSEC ↗
Q2 202413F-HRAug 14, 20243$240.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 20244$275.8M canonicalSEC ↗