TRAN CAPITAL MANAGEMENT, L.P.
Long book
$728.3M
Q1 2026
Positions
71
Top-10 weight
49%
concentration
Last quarter
+16.7%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsTRAN CAPITAL MANAGEMENT, L.P. is a diversified fundamental manager, running a $728.3M US long book across 71 positions.
The portfolio is moderately concentrated (top 10 ≈ 49% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ARM HOLDINGS PLC-ADR, FERGUSON ENTERPRISES INC, AMAZON.COM INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 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
-0.0%
Q2 2024
+4.0%
Q3 2024
+0.8%
Q4 2024
-6.0%
Q1 2025
+20.2%
Q2 2025
+6.8%
Q3 2025
+0.0%
Q4 2025
-7.2%
Q1 2026
+16.7%
Sector allocation
Technology 40%
Consumer discretionary 14%
Industrials 10%
Materials 8%
Services media 6%
Utilities 6%
Energy 5%
Financials 5%
Long book by quarter
What does TRAN CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 264.4K | $46.1M | 6.3% | -19.1% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 163.1K | $38.0M | 5.2% | -3.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 177.3K | $36.9M | 5.1% | -31.2% |
| MSFT MICROSOFT CORP | Technology | 94.0K | $34.8M | 4.8% | -21.8% |
| PSX PHILLIPS 66 | Energy | 189.9K | $34.6M | 4.8% | New |
| DHR DANAHER CORP | Technology | 175.2K | $33.2M | 4.6% | -3.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 203.4K | $32.6M | 4.5% | +16.1% |
| GOOGL ALPHABET INC-CL A | Technology | 108.6K | $31.2M | 4.3% | -1.3% |
| TLN TALEN ENERGY CORP | Utilities | 90.7K | $29.0M | 4.0% | -43.3% |
| NFLX NETFLIX INC | Services media | 298.5K | $28.7M | 3.9% | +42.8% |
| GEV GE VERNOVA INC | Industrials | 31.2K | $27.3M | 3.7% | -11.3% |
| META META PLATFORMS INC-CLASS A | Technology | 46.1K | $26.4M | 3.6% | -9.4% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 43.9K | $25.8M | 3.5% | -19.0% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 326.5K | $23.7M | 3.3% | +0.4% |
| TYL TYLER TECHNOLOGIES INC | Technology | 60.5K | $20.7M | 2.8% | New |
| INTU INTUIT INC | Technology | 44.6K | $19.3M | 2.6% | +17.4% |
| ELE ELEMENTAL ROYALTY CORP | Materials | 1.0M | $18.9M | 2.6% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 90.5K | $18.5M | 2.5% | +1908.1% |
| PGR PROGRESSIVE CORP | Financials | 75.0K | $14.9M | 2.0% | +168.7% |
| ATI ATI INC | Industrials | 90.9K | $13.2M | 1.8% | -74.2% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 44.3K | $12.1M | 1.7% | +4042.1% |
| VG VENTURE GLOBAL INC-CL A | Utilities | 722.1K | $11.4M | 1.6% | New |
| AER AERCAP HOLDINGS NV | Services media | 74.4K | $10.2M | 1.4% | Held |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 29.2K | $8.5M | 1.2% | New |
| MKL MARKEL GROUP INC | Financials | 3.7K | $7.0M | 1.0% | +1553.2% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 14.3K | $6.8M | 0.9% | New |
| THC TENET HEALTHCARE CORP | Healthcare | 32.4K | $6.1M | 0.8% | -5.6% |
| SPSC SPS COMMERCE INC | Technology | 89.5K | $5.0M | 0.7% | New |
| AAPL APPLE INC | Technology | 8.7K | $2.2M | 0.3% | -2.2% |
| GGG GRACO INC | Industrials | 18.1K | $1.5M | 0.2% | -4.1% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 5.4K | $1.5M | 0.2% | -12.9% |
| FICO FAIR ISAAC CORP | Services media | 1.2K | $1.3M | 0.2% | -93.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 3.5K | $1.2M | 0.2% | Held |
| TSLA TESLA INC | Industrials | 3.2K | $1.2M | 0.2% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 12.4K | $1.2M | 0.2% | -91.7% |
| TMUS T-MOBILE US INC | Communications | 5.4K | $1.1M | 0.2% | -48.2% |
| LLY ELI LILLY & CO | Healthcare | 1.1K | $1.0M | 0.1% | Held |
| AFL AFLAC INC | Financials | 8.0K | $878K | 0.1% | Held |
| ENTG ENTEGRIS INC | Other | 7.1K | $830K | 0.1% | -1.3% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 3.9K | $798K | 0.1% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 3.9K | $788K | 0.1% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 3.8K | $733K | 0.1% | Held |
| PAYX PAYCHEX INC | Services media | 7.9K | $727K | 0.1% | Held |
| AVTR AVANTOR INC | Healthcare | 86.9K | $681K | 0.1% | +99.8% |
| CSCO CISCO SYSTEMS INC | Technology | 8.5K | $660K | 0.1% | Held |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 1.8K | $556K | 0.1% | -0.1% |
| BE BLOOM ENERGY CORP- A | Industrials | 3.4K | $461K | 0.1% | New |
| VRT VERTIV HOLDINGS CO-A | Technology | 1.6K | $409K | 0.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.6K | $391K | 0.1% | Held |
| BF/B BROWN-FORMAN CORP-CLASS B | Consumer staples | 11.6K | $306K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 71 | $728.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 73 | $834.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 71 | $836.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 68 | $849.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 65 | $743.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 63 | $881.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 61 | $928.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 51 | $862.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 47 | $898.2M | canonical | SEC ↗ |
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