Sunriver Management LLC

Fundamental concentrated ★Highest signal CIK 1663900
League rank
#640
in Fundamental concentrated · #3938 overall
Long book
$591.3M
Q1 2026
Positions
18
Top-10 weight
69%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
48%
of book per quarter

Strategy in plain words

auto-generated from filings

Sunriver Management LLC is a concentrated fundamental stock-picker, running a $591.3M US long book across 18 positions.

The portfolio is concentrated: the top 10 names carry 69% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ARAMARK, SS&C TECHNOLOGIES HOLDINGS, WASTE CONNECTIONS INC, OPENLANE INC, VERRA MOBILITY CORP.

Over the last 9 quarters its long book ran on average 3.9pp per quarter behind the S&P 500, beating the index in 1 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
-3.5%
Q2 2024
+6.4%
Q3 2024
+1.8%
Q4 2024
-5.9%
Q1 2025
+5.6%
Q2 2025
+0.2%
Q3 2025
+1.6%
Q4 2025
-12.6%
Q1 2026
+11.3%

Sector allocation

Consumer discretionary
31%
Services media
27%
Technology
19%
Industrials
14%
Utilities
9%

Long book by quarter

$765.2M
Q1 2024
$790.0M
Q2 2024
$813.5M
Q3 2024
$835.7M
Q4 2024
$810.3M
Q1 2025
$932.6M
Q2 2025
$920.0M
Q3 2025
$953.9M
Q4 2025
$591.3M
Q1 2026

What does Sunriver Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ARMK ARAMARKConsumer discretionary1.4M$56.7M9.6%+3.5%
SSNC SS&C TECHNOLOGIES HOLDINGSTechnology797.8K$53.9M9.1%+26.5%
WCN WASTE CONNECTIONS INCUtilities322.7K$52.4M8.9%New
OPLN OPENLANE INCConsumer discretionary1.5M$44.3M7.5%+1.3%
VRRM VERRA MOBILITY CORPIndustrials2.9M$42.1M7.1%-0.4%
FA FIRST ADVANTAGE CORPTechnology3.0M$35.7M6.0%+14.0%
CDW CDW CORP/DEConsumer discretionary268.4K$32.5M5.5%+58.8%
WEX WEX INCServices media203.7K$31.2M5.3%-38.1%
HURN HURON CONSULTING GROUP INCServices media233.8K$29.8M5.0%-16.2%
PFGC PERFORMANCE FOOD GROUP COConsumer discretionary345.2K$29.6M5.0%-24.0%
LYV LIVE NATION ENTERTAINMENT INServices media170.7K$26.0M4.4%+13.8%
CBZ CBIZ INCServices media968.6K$26.0M4.4%-2.1%
FIS FIDELITY NATIONAL INFO SERVServices media548.9K$25.7M4.4%New
TRU TRANSUNIONServices media331.8K$23.0M3.9%-35.9%
CAE CAE INCTechnology844.4K$22.0M3.7%New
LMT LOCKHEED MARTIN CORPIndustrials36.3K$21.9M3.7%-72.0%
SWK STANLEY BLACK & DECKER INCIndustrials293.0K$20.8M3.5%-32.4%
BOBS BOB'S DISCOUNT FURNITUREConsumer discretionary1.5M$17.8M3.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202618$591.3M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202623$953.9M canonicalSEC ↗
Q3 202513F-HRNov 13, 202521$920.0M canonicalSEC ↗
Q2 202513F-HRAug 13, 202523$932.6M canonicalSEC ↗
Q1 202513F-HRMay 14, 202522$810.3M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202519$835.7M canonicalSEC ↗
Q3 202413F-HRNov 13, 202417$813.5M canonicalSEC ↗
Q2 202413F-HRAug 13, 202420$790.0M canonicalSEC ↗
Q1 202413F-HRMay 14, 202420$765.2M canonicalSEC ↗