Summer Road LLC
Long book
$142.0M
Q1 2026
Positions
24
Top-10 weight
100%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsSummer Road LLC is a concentrated fundamental stock-picker, specialised in healthcare (71% of the long book), running a $142.0M US long book across 24 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: OCULAR THERAPEUTIX INC, INGLES MARKETS INC-CLASS A, LINEAGE INC, VANECK GOLD MINERS ETF, GREEN BRICK PARTNERS INC.
Over the last 9 quarters its long book ran on average 2pp per quarter behind 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
-24.8%
Q2 2024
+27.0%
Q3 2024
-1.9%
Q4 2024
-13.9%
Q1 2025
+26.2%
Q2 2025
+25.8%
Q3 2025
+3.8%
Q4 2025
-29.6%
Q1 2026
+10.2%
Sector allocation
Healthcare 72%
Consumer discretionary 28%
Industrials 0%
Services media 0%
Technology 0%
Financials 0%
Materials 0%
Long book by quarter
What does Summer Road own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| OCUL OCULAR THERAPEUTIX INC | Healthcare | 11.9M | $100.6M | 70.8% | +6.9% |
| IMKTA INGLES MARKETS INC-CLASS A | Consumer discretionary | 433.7K | $39.0M | 27.4% | +17247.1% |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 3.5K | $229K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 752 | $216K | 0.2% | +3.0% |
| DIS WALT DISNEY CO/THE | Services media | 1.8K | $178K | 0.1% | +300.4% |
| SBCF SEACOAST BANKING CORP/FL | Financials | 3.1K | $95K | 0.1% | +0.6% |
| VMC VULCAN MATERIALS CO | Materials | 240 | $65K | 0.0% | Held |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 200 | $47K | 0.0% | Held |
| FOUR SHIFT4 PAYMENTS INC-CLASS A | Services media | 750 | $33K | 0.0% | Held |
| IAG IAMGOLD CORP | Materials | 1.2K | $23K | 0.0% | Held |
| EBAY EBAY INC | Services media | 100 | $9K | 0.0% | New |
| SSRM SSR MINING INC | Financials | 250 | $7K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 24 | $142.0M | confidential canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 21 | $137.7M | confidential canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 19 | $149.2M | confidential canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 25 | $131.2M | confidential canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 25 | $103.6M | confidential canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 25 | $120.1M | confidential canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 26 | $127.0M | confidential canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 29 | $103.3M | confidential canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1 | $131K | confidential canonical | SEC ↗ |