TOMS Capital Investment Management LP

Fundamental concentrated ★Signal CIK 1743937
League rank
#464
in Fundamental concentrated · #1466 overall
Long book
$1.52B
Q1 2026
Positions
14
Top-10 weight
86%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
65%
of book per quarter

Strategy in plain words

auto-generated from filings

TOMS Capital Investment Management LP is a concentrated fundamental stock-picker, running a $1.52B US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AERCAP HOLDINGS NV, NVIDIA CORP, LIBERTY MEDIA CORP-FORMULA-C, SEAGATE TECHNOLOGY HOLDINGS, FEDEX CORP.

Over the last 9 quarters its long book ran on average 0.6pp 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
-1.1%
Q2 2024
+7.6%
Q3 2024
+1.9%
Q4 2024
+1.3%
Q1 2025
+9.1%
Q2 2025
+1.3%
Q3 2025
+7.0%
Q4 2025
+3.6%
Q1 2026
+15.3%

Sector allocation

Industrials
36%
Services media
22%
Communications
18%
Technology
11%
Other
9%
Consumer discretionary
4%

Long book by quarter

$1.54B
Q1 2024
$1.35B
Q2 2024
$1.22B
Q3 2024
$857.7M
Q4 2024
$1.35B
Q1 2025
$1.35B
Q2 2025
$1.13B
Q3 2025
$1.43B
Q4 2025
$1.52B
Q1 2026

What does TOMS Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AER AERCAP HOLDINGS NVServices media1.4M$191.2M12.6%New
NVDA NVIDIA CORPTechnology893.0K$155.7M10.2%+29.4%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications1.6M$136.0M8.9%+109.2%
STXN SEAGATE TECHNOLOGY HOLDINGS331.0K$129.7M8.5%New
FDX FEDEX CORPIndustrials360.0K$128.2M8.4%New
GLNG GOLAR LNG LTDIndustrials2.2M$121.4M8.0%New
MSGS MADISON SQUARE GARDEN SPORTSServices media347.0K$111.5M7.3%+5.2%
UAL UNITED AIRLINES HOLDINGS INCIndustrials1.2M$110.3M7.2%-7.9%
WBD WARNER BROS DISCOVERY INCCommunications3.9M$107.1M7.0%New
CRS CARPENTER TECHNOLOGYIndustrials176.0K$69.4M4.6%-54.5%
WAB WABTEC CORPIndustrials272.0K$68.0M4.5%New
SYY SYSCO CORPConsumer discretionary850.0K$60.6M4.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202619$3.81B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202621$4.76B canonicalSEC ↗
Q3 202513F-HRNov 14, 202522$4.31B canonicalSEC ↗
Q2 202513F-HRAug 14, 202519$3.08B canonicalSEC ↗
Q1 202513F-HRMay 15, 202521$3.29B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202517$2.75B canonicalSEC ↗
Q3 202413F-HRNov 14, 202423$2.69B canonicalSEC ↗
Q2 202413F-HRAug 14, 202427$2.66B canonicalSEC ↗
Q1 202413F-HRMay 15, 202419$2.39B canonicalSEC ↗