WARBURG PINCUS LLC
Long book
$343.5M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+23.7%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsWARBURG PINCUS LLC is a diversified fundamental manager, specialised in healthcare (86% of the long book), running a $343.5M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: SOTERA HEALTH CO, BANC OF CALIFORNIA INC, LEARWATER ANALYTICS HLDGS I.
Over the last 9 quarters its long book ran on average 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
-5.3%
Q2 2024
+30.9%
Q3 2024
-13.1%
Q4 2024
-13.9%
Q1 2025
-1.1%
Q2 2025
+32.8%
Q3 2025
+10.8%
Q4 2025
-15.9%
Q1 2026
+23.7%
Sector allocation
Healthcare 86%
Financials 14%
Long book by quarter
What does WARBURG PINCUS own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $343.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 4 | $984.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 4 | $1.35B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 5 | $1.18B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 6 | $1.31B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 6 | $1.52B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 7 | $1.95B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 7 | $1.75B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 7 | $1.81B | canonical | SEC ↗ |