Vision One Management Partners, LP

Fundamental concentrated ★Highest signal CIK 1979969
League rank
#30
in Fundamental concentrated · #37 overall
Long book
$232.0M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+17.4%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

Vision One Management Partners, LP is a concentrated fundamental stock-picker, running a $232.0M US long book across 9 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: HEXCEL CORP, CHEMOURS CO/THE, INGEVITY CORP, POWELL INDUSTRIES INC, TENNANT CO.

Over the last 9 quarters its long book ran on average 4.1pp per quarter behind the S&P 500, beating the index in 4 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
-18.4%
Q2 2024
+9.3%
Q3 2024
-9.3%
Q4 2024
-18.9%
Q1 2025
-13.7%
Q2 2025
+9.4%
Q3 2025
+1.8%
Q4 2025
+25.8%
Q1 2026
+17.4%

Sector allocation

Materials
55%
Industrials
26%
Energy
8%
Services media
7%
Consumer discretionary
3%

Long book by quarter

$170.5M
Q1 2024
$147.0M
Q2 2024
$147.0M
Q3 2024
$186.8M
Q4 2024
$172.9M
Q1 2025
$166.7M
Q2 2025
$158.9M
Q3 2025
$178.2M
Q4 2025
$232.0M
Q1 2026

What does Vision One own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
HXL HEXCEL CORPMaterials653.3K$52.9M22.8%+19.6%
CC CHEMOURS CO/THEMaterials1.7M$37.9M16.3%Held
NGVT INGEVITY CORPMaterials518.1K$36.9M15.9%+13.2%
POWL POWELL INDUSTRIES INCIndustrials65.0K$35.2M15.2%+5.8%
TNC TENNANT COIndustrials391.6K$26.0M11.2%+13.6%
VVV VALVOLINE INCEnergy582.2K$19.6M8.5%+48.0%
CZR CAESARS ENTERTAINMENT INCServices media363.4K$9.6M4.1%Held
VSTS VESTIS CORPConsumer discretionary1.0M$7.9M3.4%-45.5%
MGRC MCGRATH RENTCORPServices media55.4K$6.1M2.6%+1.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20269$232.0M canonicalSEC ↗
Q4 202513F-HRFeb 18, 202610$178.2M canonicalSEC ↗
Q3 202513F-HRNov 17, 202512$158.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 20259$166.7M canonicalSEC ↗
Q1 202513F-HRMay 15, 20258$172.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202510$186.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 20248$147.0M canonicalSEC ↗
Q2 202413F-HRAug 13, 20246$147.0M canonicalSEC ↗
Q1 202413F-HRMay 15, 20247$170.5M canonicalSEC ↗