Watchtower Advisors, LP
Long book
$141.0M
Q1 2026
Positions
12
Top-10 weight
97%
concentration
Last quarter
+33.7%
SPY +14.8%
Turnover
36%
of book per quarter
Strategy in plain words
auto-generated from filingsWatchtower Advisors, LP is a concentrated fundamental stock-picker, running a $141.0M US long book across 12 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ASML HOLDING NV-NY REG SHS, OMEGA HEALTHCARE INVESTORS, PATRICK INDUSTRIES INC, CVS HEALTH CORP, SOMNIGROUP INTERNATIONAL INC.
Over the last 9 quarters its long book ran on average 3.6pp per quarter ahead of the S&P 500, beating the index in 6 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
+6.2%
Q2 2024
+4.5%
Q3 2024
+6.1%
Q4 2024
-8.4%
Q1 2025
+17.4%
Q2 2025
+9.4%
Q3 2025
+2.7%
Q4 2025
+1.2%
Q1 2026
+33.7%
Sector allocation
Industrials 57%
Technology 17%
Healthcare 14%
Other 9%
Utilities 3%
Long book by quarter
What does Watchtower Advisors, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 31.3K | $41.3M | 29.3% | Held |
| PATK PATRICK INDUSTRIES INC | Industrials | 150.0K | $16.7M | 11.8% | Held |
| CVS CVS HEALTH CORP | Healthcare | 182.4K | $13.1M | 9.3% | -48.9% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 139.9K | $10.3M | 7.3% | +37.9% |
| IBP INSTALLED BUILDING PRODUCTS | Industrials | 32.3K | $8.6M | 6.1% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 40.0K | $8.1M | 5.8% | -33.3% |
| MU MICRON TECHNOLOGY INC | Technology | 23.0K | $7.8M | 5.5% | New |
| ELAN ELANCO ANIMAL HEALTH INC | Healthcare | 147.8K | $3.5M | 2.5% | New |
| AVGO BROADCOM INC | Technology | 11.2K | $3.5M | 2.5% | -62.6% |
| SRE SEMPRA | Utilities | 35.7K | $3.5M | 2.5% | New |
| APH AMPHENOL CORP-CL A | Technology | 7.4K | $932K | 0.7% | -92.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 12 | $141.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 11 | $165.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 16 | $214.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 18 | $168.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 15 | $137.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 14 | $176.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 15 | $215.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 11 | $155.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 13 | $180.2M | canonical | SEC ↗ |
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