SYCOMORE ASSET MANAGEMENT

Fundamental diversified ★Signal CIK 1728681
League rank
#218
in Fundamental diversified · #936 overall
Long book
$718.0M
Q1 2026
Positions
73
Top-10 weight
43%
concentration
Last quarter
+17.4%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

SYCOMORE ASSET MANAGEMENT is a diversified fundamental manager, running a $718.0M US long book across 73 positions.

The portfolio is moderately concentrated (top 10 ≈ 43% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, NVIDIA CORP, WASTE CONNECTIONS INC, ASTRAZENECA PLC, WORKDAY INC-CLASS A.

Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 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
+4.4%
Q2 2024
+1.8%
Q3 2024
+3.1%
Q4 2024
-7.7%
Q1 2025
+18.8%
Q2 2025
+5.7%
Q3 2025
+0.7%
Q4 2025
-11.5%
Q1 2026
+17.4%

Sector allocation

Technology
52%
Healthcare
13%
Industrials
11%
Services media
7%
Utilities
6%
Other
5%
Financials
3%
Communications
2%

Long book by quarter

$457.4M
Q1 2024
$568.5M
Q2 2024
$602.5M
Q3 2024
$701.3M
Q4 2024
$704.6M
Q1 2025
$644.4M
Q2 2025
$600.9M
Q3 2025
$604.5M
Q4 2025
$718.0M
Q1 2026

What does SYCOMORE ASSET own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology189.9K$81.9M11.4%Held
NVDA NVIDIA CORPTechnology380.4K$47.2M6.6%New
WCN WASTE CONNECTIONS INCUtilities117.2K$28.2M3.9%Held
AZN ASTRAZENECA PLCHealthcare163.9K$26.2M3.6%New
WDAY WORKDAY INC-CLASS ATechnology98.2K$24.1M3.4%Held
NOW SERVICENOW INCTechnology25.7K$22.7M3.2%Held
ACN ACCENTURE PLC-CL AServices media57.2K$20.4M2.8%Held
MA MASTERCARD INC - AServices media39.8K$19.6M2.7%Held
AVGO BROADCOM INCTechnology104.2K$18.6M2.6%New
LLY ELI LILLY & COHealthcare20.2K$18.4M2.6%Held
STLA STELLANTIS NVIndustrials1.1M$18.3M2.5%Held
SW SMURFIT WESTROCK PLCOther488.7K$18.0M2.5%Held
SYK STRYKER CORPHealthcare47.6K$17.2M2.4%New
MU MICRON TECHNOLOGY INCTechnology155.7K$17.1M2.4%Held
TMUS T-MOBILE US INCCommunications78.6K$16.0M2.2%Held
ETN EATON CORP PLCIndustrials44.4K$14.8M2.1%Held
TMO THERMO FISHER SCIENTIFIC INCOther23.3K$14.4M2.0%Held
ALC ALCON INCHealthcare133.2K$14.4M2.0%Held
PGR PROGRESSIVE CORPFinancials51.8K$13.1M1.8%Held
RACE FERRARI NVIndustrials23.6K$11.9M1.7%Held
MDB MONGODB INCTechnology41.8K$11.4M1.6%Held
AMD ADVANCED MICRO DEVICESTechnology67.9K$11.4M1.6%Held
URI UNITED RENTALS INCServices media14.1K$11.3M1.6%Held
SNPS SYNOPSYS INCTechnology21.1K$10.9M1.5%Held
INTU INTUIT INCTechnology16.8K$10.7M1.5%Held
ADI ANALOG DEVICES INCTechnology44.3K$9.9M1.4%Held
PCOR PROCORE TECHNOLOGIES INCTechnology155.4K$9.6M1.3%Held
P EVERPURE INC-ATechnology187.9K$9.5M1.3%Held
ISRG INTUITIVE SURGICAL INCHealthcare18.9K$9.2M1.3%Held
VEEV VEEVA SYSTEMS INC-CLASS ATechnology40.3K$8.4M1.2%Held
DUOL DUOLINGOTechnology28.2K$7.8M1.1%Held
GOOGL ALPHABET INC-CL ATechnology47.8K$7.8M1.1%Held
VRT VERTIV HOLDINGS CO-ATechnology76.7K$7.7M1.1%Held
CLH CLEAN HARBORS INCUtilities31.4K$7.6M1.1%New
SNOW SNOWFLAKE INCTechnology63.6K$7.2M1.0%Held
GTLB GITLAB INC-CL ATechnology133.7K$6.9M1.0%Held
DE DEERE & COIndustrials15.8K$6.5M0.9%Held
VRSK VERISK ANALYTICS INCTechnology24.1K$6.4M0.9%Held
JPM JPMORGAN CHASE & COFinancials29.2K$6.1M0.9%Held
WAB WABTEC CORPIndustrials33.6K$6.1M0.9%Held
PANW PALO ALTO NETWORKS INCTechnology17.4K$5.9M0.8%Held
PWR QUANTA SERVICES INCIndustrials19.5K$5.8M0.8%Held
S SENTINELONE INC -CLASS ATechnology207.7K$5.0M0.7%Held
AAPL APPLE INCTechnology21.5K$4.9M0.7%Held
DAR DARLING INGREDIENTS INCConsumer staples130.1K$4.7M0.7%Held
AMAT APPLIED MATERIALS INCTechnology22.3K$4.7M0.6%New
OC OWENS CORNINGIndustrials20.9K$3.6M0.5%Held
NEE NEXTERA ENERGY INCUtilities42.9K$3.6M0.5%Held
XYL XYLEM INCIndustrials25.9K$3.5M0.5%New
QGEN QIAGEN N.V.Healthcare64.0K$3.4M0.5%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202674$718.0M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 12, 202666$604.5M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 21, 202564$600.9M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 1, 202565$644.4M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 14, 202574$704.6M $K fixed canonicalSEC ↗
Q4 202413F-HRJan 29, 202574$701.3M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 6, 202470$602.5M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 28, 202468$570.3M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 29, 202468$457.4M $K fixed canonicalSEC ↗