Summit Street Capital Management, LLC

Fundamental diversified ★Signal CIK 1595533
League rank
#121
in Fundamental diversified · #545 overall
Long book
$707.3M
Q1 2026
Positions
31
Top-10 weight
47%
concentration
Last quarter
+20.6%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Summit Street Capital Management, LLC is a diversified fundamental manager, running a $707.3M US long book across 31 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CF INDUSTRIES HOLDINGS INC, TEEKAY TANKERS LTD-CLASS A, LYONDELLBASELL INDU-CL A, UNITED THERAPEUTICS CORP, WEATHERFORD INTERNATIONAL PL.

Over the last 9 quarters its long book ran on average 2.9pp per quarter ahead of the S&P 500, beating the index in 5 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
-1.2%
Q2 2024
+1.3%
Q3 2024
-3.6%
Q4 2024
-1.0%
Q1 2025
+4.6%
Q2 2025
+22.5%
Q3 2025
+4.8%
Q4 2025
+18.6%
Q1 2026
+20.6%

Sector allocation

Other
18%
Financials
16%
Materials
14%
Industrials
13%
Technology
12%
Energy
11%
Consumer discretionary
8%
Communications
5%

Long book by quarter

$260.4M
Q1 2024
$273.7M
Q2 2024
$280.1M
Q3 2024
$638.0M
Q4 2024
$600.6M
Q1 2025
$606.2M
Q2 2025
$729.0M
Q3 2025
$636.2M
Q4 2025
$707.3M
Q1 2026

What does Summit Street own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CF CF INDUSTRIES HOLDINGS INCOther268.1K$34.8M4.9%-11.5%
TNK TEEKAY TANKERS LTD-CLASS AIndustrials471.1K$34.5M4.9%Held
LYB LYONDELLBASELL INDU-CL AOther419.5K$33.8M4.8%-30.7%
UTHR UNITED THERAPEUTICS CORPHealthcare56.9K$33.7M4.8%Held
0WE WEATHERFORD INTERNATIONAL PL355.3K$33.6M4.8%Held
HCC WARRIOR MET COAL INCMaterials352.0K$32.8M4.6%Held
CNR CORE NATURAL RESOURCES INCMaterials305.3K$32.0M4.5%Held
VLO VALERO ENERGY CORPEnergy127.6K$31.5M4.5%Held
LNTH LANTHEUS HOLDINGS INCMaterials415.5K$31.5M4.5%+2.4%
STNG SCORPIO TANKERS INCIndustrials419.0K$31.3M4.4%Held
MPC MARATHON PETROLEUM CORPEnergy105.1K$25.7M3.6%Held
MOH MOLINA HEALTHCARE INCFinancials192.6K$25.7M3.6%+125.2%
SIG SIGNET JEWELERS LTDConsumer discretionary278.9K$23.6M3.3%+2.3%
KLAC KLA CORPOther15.0K$22.1M3.1%Held
LRCX LAM RESEARCH CORPIndustrials101.5K$21.7M3.1%-24.9%
ELV ELEVANCE HEALTH INCFinancials74.0K$21.7M3.1%+17.6%
AMAT APPLIED MATERIALS INCTechnology59.2K$20.2M2.9%-22.1%
IDCC INTERDIGITAL INCFinancials64.1K$19.4M2.7%-16.5%
DDS DILLARDS INC-CL AConsumer discretionary33.1K$18.9M2.7%-20.7%
FOXA FOX CORP - CLASS ACommunications316.9K$18.5M2.6%Held
DINO HF SINCLAIR CORPEnergy294.6K$18.4M2.6%Held
MU MICRON TECHNOLOGY INCTechnology53.6K$18.1M2.6%-42.0%
TPL TEXAS PACIFIC LAND CORPFinancials36.9K$17.5M2.5%Held
WBD WARNER BROS DISCOVERY INCCommunications597.5K$16.4M2.3%-38.5%
CSCO CISCO SYSTEMS INCTechnology203.3K$15.8M2.2%Held
INTC INTEL CORPTechnology356.6K$15.7M2.2%Held
LB LANDBRIDGE CO LLC-AFinancials227.3K$15.7M2.2%Held
BKE BUCKLE INC/THEConsumer discretionary291.7K$14.7M2.1%+11.3%
HPQ HP INCTechnology639.0K$12.3M1.7%Held
HUM HUMANA INCFinancials66.9K$11.6M1.6%Held
GNTX GENTEX CORPIndustrials192.8K$4.2M0.6%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202631$707.3M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202631$636.2M canonicalSEC ↗
Q3 202513F-HRNov 14, 202530$729.0M canonicalSEC ↗
Q2 202513F-HRAug 14, 202530$606.2M canonicalSEC ↗
Q1 202513F-HR/ARESTATEMENTAug 4, 202530$600.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 202530$262.3M SEC ↗
Q4 202413F-HR/ARESTATEMENTAug 4, 202530$638.0M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202531$281.4M SEC ↗
Q3 202413F-HRNov 14, 202429$280.1M canonicalSEC ↗
Q2 202413F-HRAug 14, 202429$273.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 202431$260.4M canonicalSEC ↗