Woodson Capital Management, LP

Fundamental concentrated ★Signal CIK 1697848
League rank
#259
in Fundamental concentrated · #475 overall
Long book
$618.1M
Q1 2026
Positions
28
Top-10 weight
62%
concentration
Last quarter
+21.6%
SPY +14.8%
Turnover
44%
of book per quarter

Strategy in plain words

auto-generated from filings

Woodson Capital Management, LP is a concentrated fundamental stock-picker, running a $618.1M US long book across 28 positions.

The portfolio is concentrated: the top 10 names carry 62% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMER SPORTS INC, REDDIT INC-CL A, AMAZON.COM INC, TAPESTRY INC, BLOCK INC.

Over the last 9 quarters its long book ran on average 3.8pp 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
-3.1%
Q2 2024
+11.0%
Q3 2024
+27.5%
Q4 2024
-15.5%
Q1 2025
+18.5%
Q2 2025
+23.2%
Q3 2025
+6.2%
Q4 2025
-15.1%
Q1 2026
+21.6%

Sector allocation

Consumer discretionary
29%
Technology
25%
Other
20%
Industrials
8%
Consumer staples
7%
Services media
5%
Healthcare
3%
Real estate
2%

Long book by quarter

$547.4M
Q1 2024
$511.2M
Q2 2024
$459.2M
Q3 2024
$528.0M
Q4 2024
$437.9M
Q1 2025
$557.3M
Q2 2025
$519.9M
Q3 2025
$647.6M
Q4 2025
$618.1M
Q1 2026

What does Woodson Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AS AMER SPORTS INCOther1.8M$60.1M9.7%+21.7%
RDDT REDDIT INC-CL ATechnology442.3K$59.6M9.6%+123.4%
AMZN AMAZON.COM INCConsumer discretionary227.0K$47.3M7.6%+29.7%
TPR TAPESTRY INCOther270.0K$38.1M6.2%-26.0%
XYZ BLOCK INCTechnology579.1K$34.9M5.6%-16.1%
SG SWEETGREEN INC - CLASS AConsumer discretionary6.7M$34.8M5.6%+11.7%
QXO QXO INCConsumer discretionary1.4M$27.6M4.5%+67.1%
TSLA TESLA INCIndustrials69.4K$25.8M4.2%Held
REAL REALREAL INC/THEConsumer discretionary2.7M$24.2M3.9%+6.8%
COCO VITA COCO CO INC/THEConsumer staples440.0K$21.1M3.4%-21.4%
SAM BOSTON BEER COMPANY INC-AConsumer staples90.0K$20.7M3.4%-10.0%
ESTA ESTABLISHMENT LABS HOLDINGSHealthcare350.0K$19.9M3.2%-6.7%
DAL DELTA AIR LINES INCIndustrials287.0K$19.1M3.1%New
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary200.0K$16.5M2.7%+40.8%
AER AERCAP HOLDINGS NVServices media120.0K$16.5M2.7%-22.6%
WOLF WOLFSPEED INCTechnology940.0K$15.3M2.5%New
GRMN GARMIN LTDTechnology65.5K$15.2M2.5%New
GPI GROUP 1 AUTOMOTIVE INCConsumer discretionary44.0K$14.5M2.4%-28.5%
Z ZILLOW GROUP INC - CServices media335.0K$13.9M2.2%New
SHLS SHOALS TECHNOLOGIES GROUP -ATechnology2.0M$13.2M2.1%New
VFC VF CORPOther759.4K$12.9M2.1%New
DOCU DOCUSIGN INCTechnology225.0K$10.7M1.7%New
FOR FORESTAR GROUP INCReal estate435.0K$10.6M1.7%+1.2%
LULU LULULEMON ATHLETICA INCOther50.4K$7.7M1.2%+16.0%
TDUP THREDUP INC - CLASS AConsumer discretionary1.7M$5.6M0.9%-5.8%
SYM SYMBOTIC INCIndustrials26.9K$1.4M0.2%New
REAX REAL BROKERAGE INC/THEReal estate500.0K$1.3M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202631$636.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202632$721.6M canonicalSEC ↗
Q3 202513F-HROct 28, 202527$556.3M canonicalSEC ↗
Q2 202513F-HRAug 14, 202527$599.5M canonicalSEC ↗
Q1 202513F-HRMay 15, 202528$576.8M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202534$621.3M canonicalSEC ↗
Q3 202413F-HRNov 14, 202436$511.9M canonicalSEC ↗
Q2 202413F-HRAug 14, 202438$576.9M canonicalSEC ↗
Q1 202413F-HRMay 15, 202441$626.3M canonicalSEC ↗

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