WS MANAGEMENT LLLP
Long book
$764.5M
Q1 2026
Positions
35
Top-10 weight
67%
concentration
Last quarter
+36.6%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsWS MANAGEMENT LLLP is an institutional manager, running a $764.5M US long book across 35 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: MICRON TECHNOLOGY INC, BERKSHIRE HATHAWAY INC-CL A, VANECK GOLD MINERS ETF, ISHARES 20+ YEAR TREASURY BD, SPDR GOLD SHARES.
Over the last 9 quarters its long book ran on average 3.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.1%
Q2 2024
+5.0%
Q3 2024
-1.1%
Q4 2024
+1.9%
Q1 2025
+3.1%
Q2 2025
+10.2%
Q3 2025
+9.7%
Q4 2025
+4.3%
Q1 2026
+36.6%
Sector allocation
Technology 37%
Financials 21%
Consumer discretionary 15%
Industrials 8%
Healthcare 8%
Energy 6%
Other 2%
Consumer staples 1%
Long book by quarter
What does WS MANAGEMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | Technology | 360.0K | $121.6M | 15.9% | -41.9% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 125 | $89.8M | 11.7% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 151.8K | $31.6M | 4.1% | +5.8% |
| LH LABCORP HOLDINGS INC | Healthcare | 113.5K | $30.3M | 4.0% | +8.1% |
| NVDA NVIDIA CORP | Technology | 156.9K | $27.4M | 3.6% | -9.8% |
| GOOGL ALPHABET INC-CL A | Technology | 95.1K | $27.4M | 3.6% | -8.9% |
| COP CONOCOPHILLIPS | Energy | 182.5K | $24.1M | 3.2% | Held |
| LUV SOUTHWEST AIRLINES CO | Industrials | 546.5K | $20.5M | 2.7% | -0.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 122.4K | $19.6M | 2.6% | +3.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 39.1K | $18.7M | 2.4% | -32.5% |
| WMT WALMART INC | Consumer discretionary | 123.1K | $15.3M | 2.0% | +1.7% |
| INTU INTUIT INC | Technology | 32.7K | $14.1M | 1.8% | New |
| CROX CROCS INC | Other | 150.0K | $12.5M | 1.6% | +16.3% |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 206.1K | $11.9M | 1.6% | +2.1% |
| SN SHARKNINJA INC | Industrials | 90.0K | $9.5M | 1.2% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 37.4K | $9.1M | 1.2% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 40.0K | $7.8M | 1.0% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 7.6K | $7.5M | 1.0% | +20.4% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 96.7K | $6.9M | 0.9% | Held |
| KMX CARMAX INC | Consumer discretionary | 150.5K | $6.3M | 0.8% | Held |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 150.0K | $5.3M | 0.7% | Held |
| STUB STUBHUB HOLDINGS INC-CLASS A | Services media | 800.0K | $5.0M | 0.7% | Held |
| VTRS VIATRIS INC | Healthcare | 316.2K | $4.3M | 0.6% | Held |
| ASTS AST SPACEMOBILE INC | Communications | 50.0K | $4.1M | 0.5% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 33.4K | $2.3M | 0.3% | New |
| TEM TEMPUS AI INC-CL A | Technology | 30.0K | $1.4M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 56 | $1.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 46 | $1.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 47 | $919.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 41 | $721.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 45 | $895.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 45 | $1.08B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 48 | $1.43B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 54 | $1.36B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 54 | $1.59B | canonical | SEC ↗ |
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