TCG Capital Management, LP

Fundamental diversified ★Signal other specialist (100%) CIK 1930483
Long book
$39.4M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
+74.9%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

TCG Capital Management, LP is a diversified fundamental manager, specialised in other (100% of the long book), running a $39.4M US long book across 1 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: FUNKO INC-CLASS A.

Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of 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
+56.4%
Q2 2024
+25.2%
Q3 2024
+9.6%
Q4 2024
-48.8%
Q1 2025
-30.6%
Q2 2025
-27.7%
Q3 2025
-1.2%
Q4 2025
-7.4%
Q1 2026
+74.9%

Sector allocation

Other
100%

Long book by quarter

$78.1M
Q1 2024
$122.2M
Q2 2024
$153.0M
Q3 2024
$167.7M
Q4 2024
$85.9M
Q1 2025
$59.6M
Q2 2025
$43.1M
Q3 2025
$42.6M
Q4 2025
$39.4M
Q1 2026

What does TCG Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FNKO FUNKO INC-CLASS AOther12.5M$39.4M100.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 20261$39.4M canonicalSEC ↗
Q4 202513F-HRJan 30, 20261$42.6M canonicalSEC ↗
Q3 202513F-HROct 24, 20251$43.1M canonicalSEC ↗
Q2 202513F-HRJul 25, 20251$59.6M canonicalSEC ↗
Q1 202513F-HRApr 18, 20251$85.9M canonicalSEC ↗
Q4 202413F-HRJan 27, 20251$167.7M canonicalSEC ↗
Q3 202413F-HROct 9, 20241$153.0M canonicalSEC ↗
Q2 202413F-HRJul 18, 20241$122.2M canonicalSEC ↗
Q1 202413F-HRApr 16, 20241$78.1M canonicalSEC ↗