WestCap Management, LLC

Fundamental diversified ★Signal services_media specialist (93%) CIK 1838470
Long book
$194.9M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+102.1%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

WestCap Management, LLC is a diversified fundamental manager, specialised in services_media (93% of the long book), running a $194.9M US long book across 2 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: STUBHUB HOLDINGS INC-CLASS A, KLARNA GROUP PLC.

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
Q4 2025
-53.9%
Q1 2026
+102.1%

Sector allocation

Services media
93%
Financials
7%

Long book by quarter

$460.3M
Q4 2025
$194.9M
Q1 2026

What does WestCap Management, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
STUB STUBHUB HOLDINGS INC-CLASS AServices media29.0M$180.9M92.8%-8.6%
KLAR KLARNA GROUP PLCFinancials1.1M$14.0M7.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20262$194.9M canonicalSEC ↗
Q4 202513F-HRFeb 12, 20262$460.3M canonicalSEC ↗

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