Sunriver Management LLC: 13F Holdings & AI Insights

ContrarianSector-focusedHigh-turnover trader

Total reported value

$591.3M

Reporting period: 2026-03-31 · Number of holdings: 18

Sunriver Management LLC disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $591.3M and a quarterly turnover rate of 82.9%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 25.07
Portfolio Stability: 82.9
Momentum/Contrarian: 0
Sector conviction: 98.11
Diversification: 36
Sizing Uniformity: 96.32

Recent moves

Add ARMK
+3.5%　$6.9M
Add SSNC
+26.5%　-$1.2M
Add CDW
+58.8%　$9.5M
Trim LMT
-72.0%　-$40.6M
Add OPLN
+1.3%　-$371.8K
Add LYV
+13.8%　$4.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ARMK	Aramark	Stock-Industrials	9.59%	+4.37%	+3.47%
2	SSNC	Ss&c Technologies Holdings	Stock-Tech	9.12%	+3.34%	+26.47%
3	WCN	Waste Connections INC	Stock-Industrials	8.86%	+8.86%	NEW
4	OPLN	Openlane INC	Stock-Other	7.48%	+2.80%	+1.31%
5	VRRM	Verra Mobility CORP	Stock-Other	7.11%	+0.16%	-0.44%
6	FA	First Advantage CORP	Stock-Other	6.03%	+1.98%	+13.96%
7	CDW	Cdw Corp/de	Stock-Tech	5.49%	+3.08%	+58.81%
8	WEX	Wex INC	Stock-Tech	5.27%	+0.13%	-38.12%
9	HURN	Huron Consulting Group INC	Stock-Other	5.04%	-0.02%	-16.22%
10	PFGC	Performance Food Group Co	Stock-Consumer Staples	5.00%	+0.72%	-24.02%
11	LYV	Live Nation Entertainment In	Stock-Comm Services	4.40%	+2.16%	+13.77%
12	CBZ	Cbiz INC	Stock-Other	4.40%	-0.83%	-2.09%
13	FIS	Fidelity National Info Serv	Stock-Tech	4.35%	+4.35%	NEW
14	TRU	Transunion	Stock-Financials	3.88%	-0.78%	-35.93%
15	CAE	Cae INC	Stock-Other	3.72%	+3.72%	NEW
16	LMT	Lockheed Martin CORP	Stock-Industrials	3.71%	-2.85%	-71.95%
17	SWK	Stanley Black & Decker INC	Stock-Industrials	3.52%	+0.14%	-32.43%
18	BOBS	Bob's Discount Furniture	Stock-Other	3.02%	+3.02%	NEW

Portfolio Performance

Performance for Q3 2026

+3.4%

Performance Last 4 Quarters

-7.2%

Based on 68% of reported portfolio value with available pricing

Stdev: +17.1%
Beta: +0.88
Alpha: -4.4%
Max Drawdown: -16.5%
Annualized Perf: +13%
Batting Avg vs S&P: +46.9%
Sortino: +1.4
Stutzer: +0.24
Treynor: +0.16
Sterling: +0.56
Calmar: +0.79
Information Ratio: -0.51
Tracking Error: +13.4%
Stdev Down: +9.8%
Winning Months %: +59.4%
Losing Months %: +40.6%
Best 12 Months: +50.1%
Worst 12 Months: -12.8%
Efficiency Ratio: +0.3
Sharpe: +0.8
Stdev Sectors: +15.9%
Skewness: -0.09
Kurtosis: -0.63
Upside Potential: +3.15

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$591.3M	83	1ARMK 2SSNC 3WCN Top holdings2026-03-31 1.ARMK 2.SSNC 3.WCN 4.OPLN 5.VRRM 6.FA 7.CDW 8.WEX 9.HURN 10.PFGC
2025-12-31	23	$953.9M	51	1VRRM 2LMT 3SSNC Top holdings2025-12-31 1.VRRM 2.LMT 3.SSNC 4.BOX 5.RTO 6.CBZ 7.ARMK 8.WEX 9.HURN 10.SYY
2025-09-30	21	$920.0M	66	1IAS 2HURN 3VRRM Top holdings2025-09-30 1.IAS 2.HURN 3.VRRM 4.RTO 5.BOX 6.WEX 7.NABL 8.PFGC 9.SYY 10.SSNC
2025-06-30	23	$932.6M	0	1IAS 2PFGC 3OPLN Top holdings2025-06-30 1.IAS 2.PFGC 3.OPLN 4.VRRM 5.HURN 6.ARMK 7.NABL 8.WEX 9.RTO 10.FISV
2025-03-31	22	$810.3M	100	1IAS 2PFGC 3WEX Top holdings2025-03-31 1.IAS 2.PFGC 3.WEX 4.HURN 5.FIS 6.FA 7.BOX 8.OPLN 9.VRRM 10.AMPL
2024-12-31	19	$835.7M	0	1PFGC 2IAS 3DNB Top holdings2024-12-31 1.PFGC 2.IAS 3.DNB 4.HURN 5.WTW 6.OPLN 7.RPAY 8.FA 9.SSNC 10.AMPL
2024-09-30	17	$813.5M	0	1IAS 2PFGC 3DNB Top holdings2024-09-30 1.IAS 2.PFGC 3.DNB 4.OPLN 5.WEX 6.BOX 7.WTW 8.NABL 9.HURN 10.SSNC
2024-06-30	20	$790.0M	0	1DNB 2IAS 3PFGC Top holdings2024-06-30 1.DNB 2.IAS 3.PFGC 4.WTW 5.SSNC 6.NABL 7.BOX 8.OPLN 9.RPAY 10.FA
2024-03-31	20	$765.2M	0	1IAS 2DNB 3PFGC Top holdings2024-03-31 1.IAS 2.DNB 3.PFGC 4.CACI 5.OPLN 6.SSNC 7.RPAY 8.BOX 9.NABL 10.WTW
2023-12-31	22	$638.3M	0	1PFGC 2BOX 3SSNC Top holdings2023-12-31 1.PFGC 2.BOX 3.SSNC 4.RPAY 5.NABL 6.WTW 7.IAS 8.OPLN 9.EVTC 10.FISV
2023-09-30	19	$528.9M	0	1PFGC 2DNB 3IAS Top holdings2023-09-30 1.PFGC 2.DNB 3.IAS 4.BOX 5.RCM1USD 6.SSNC 7.RPAY 8.NABL 9.BMBL 10.EVTC
2023-06-30	17	$495.7M	0	1PFGC 2NEWREUR 3DNB Top holdings2023-06-30 1.PFGC 2.NEWREUR 3.DNB 4.RCM1USD 5.SSNC 6.BOX 7.EVTC 8.IAS 9.RPAY 10.DG
2023-03-31	17	$479.5M	0	1NEWREUR 2SSNC 3RCM1USD Top holdings2023-03-31 1.NEWREUR 2.SSNC 3.RCM1USD 4.PFGC 5.BOX 6.TTWO 7.DNB 8.SONO 9.L6673X 10.FISV
2022-12-31	15	$487.0M	0	1FISV 2SSNC 3RCM1USD Top holdings2022-12-31 1.FISV 2.SSNC 3.RCM1USD 4.DNB 5.NEWREUR 6.PFGC 7.TTWO 8.BOX 9.CLVT 10.VRRM
2022-09-30	17	$581.1M	0	1FISV 2SSNC 3DNB Top holdings2022-09-30 1.FISV 2.SSNC 3.DNB 4.NEWREUR 5.RCM1USD 6.PFGC 7.BOX 8.TTWO 9.NABL 10.FIS
2022-06-30	18	$480.6M	0	1FISV 2DNB 3SSNC Top holdings2022-06-30 1.FISV 2.DNB 3.SSNC 4.RCM1USD 5.BOX 6.PFGC 7.VRRM 8.TTWO 9.CLVT 10.NABL
2022-03-31	20	$635.3M	0	1SSNC 2FISV 3DNB Top holdings2022-03-31 1.SSNC 2.FISV 3.DNB 4.BOX 5.RCMEUR 6.PFGC 7.23821D 8.VRRM 9.DLB 10.G28923
2021-12-31	17	$633.6M	0	1SSNC 2DNB 3FISV Top holdings2021-12-31 1.SSNC 2.DNB 3.FISV 4.RCMEUR 5.G28923 6.BOX 7.SAIC 8.DLB 9.VRRM 10.PFGC
2021-09-30	21	$629.2M	0	1SSNC 2FISV 3SAIC Top holdings2021-09-30 1.SSNC 2.FISV 3.SAIC 4.DNB 5.RCMEUR 6.G28923 7.BOX 8.USFD 9.WAB 10.DOORUSD
2021-06-30	20	$587.7M	95	1SSNC 2DNB 3SAIC Top holdings2021-06-30 1.SSNC 2.DNB 3.SAIC 4.FISV 5.G28923 6.WAB 7.DLB 8.USFD 9.BOX 10.RCMEUR
2021-03-31	19	$534.8M	56	1SSNC 2BOX 3SEIC Top holdings2021-03-31 1.SSNC 2.BOX 3.SEIC 4.FISV 5.SAIC 6.OTIS 7.TLND 8.WAB 9.CSX 10.DOORUSD
2020-12-31	19	$606.3M	39	1FISV 2SSNC 3TLND Top holdings2020-12-31 1.FISV 2.SSNC 3.TLND 4.OTIS 5.CHNGUSD 6.WTW 7.SAIC 8.SEIC 9.USFD 10.WAB
2020-09-30	20	$626.3M	44	1FISV 2SSNC 3TLND Top holdings2020-09-30 1.FISV 2.SSNC 3.TLND 4.CSX 5.CHNGUSD 6.OTIS 7.EXP 8.SAIC 9.WTW 10.DOORUSD
2020-06-30	20	$634.2M	38	1SSNC 2TLND 3CSX Top holdings2020-06-30 1.SSNC 2.TLND 3.CSX 4.FISV 5.SWIUSD 6.SAIC 7.RCMEUR 8.IHS 9.DOORUSD 10.WTW
2020-03-31	18	$570.5M	100	1SWIUSD 2SSNC 3IHS Top holdings2020-03-31 1.SWIUSD 2.SSNC 3.IHS 4.BR 5.CSX 6.TLND 7.FISV 8.FIS 9.RCMEUR 10.DOORUSD
2019-12-31	19	$569.7M	100	1TLND283417q378467j Top holdings2019-12-31 1.TLND 2.83417q 3.78467j 4.DOORUSD 5.USFD 6.DLTR 7.FISV 8.RCMEUR 9.JECUSD 10.92511u
2019-09-30	18	$516.3M	49	1SWIUSD 2PRSP 3USFD Top holdings2019-09-30 1.SWIUSD 2.PRSP 3.USFD 4.DLTR 5.TLND 6.DOORUSD 7.FIS 8.SSNC 9.OTEX 10.ARMK
2019-06-30	19	$490.1M	53	1FIS 2ARMK 3PRSP Top holdings2019-06-30 1.FIS 2.ARMK 3.PRSP 4.SWIUSD 5.USFD 6.OTEX 7.IHS 8.DOORUSD 9.JECUSD 10.TLND
2019-03-31	18	$502.4M	52	1PRSP 2ARMK 3FDC Top holdings2019-03-31 1.PRSP 2.ARMK 3.FDC 4.USFD 5.IHS 6.GOOGL 7.OTEX 8.FIS 9.TLND 10.JECUSD
2018-12-31	18	$439.6M	39	1ARMK 2PRSP3G57279 Top holdings2018-12-31 1.ARMK 2.PRSP 3.G57279 4.FIS 5.FDC 6.IHS 7.GOOGL 8.USFD 9.OTEX 10.WTW
2018-09-30	20	$484.0M	55	1ARMK 2PRSP3G57279 Top holdings2018-09-30 1.ARMK 2.PRSP 3.G57279 4.META 5.USFD 6.IHS 7.FDC 8.WTW 9.DOORUSD 10.FIS
2018-06-30	19	$467.5M	31	1G9019D2DLTR 3FIS Top holdings2018-06-30 1.G9019D 2.DLTR 3.FIS 4.USFD 5.META 6.IHS 7.FDC 8.ARMK 9.DOORUSD 10.GOOGL
2018-03-31	20	$447.1M	38	1ARMK 2IHS3G9019D Top holdings2018-03-31 1.ARMK 2.IHS 3.G9019D 4.ABM 5.ECL 6.USFD 7.GOOGL 8.FIS 9.DLTR 10.META
2017-12-31	19	$474.4M	74	1IHS2G9019D3EBAY Top holdings2017-12-31 1.IHS 2.G9019D 3.EBAY 4.GOOGL 5.ARMK 6.USFD 7.FIS 8.ABM 9.DOORUSD 10.ECL
2017-09-30	17	$378.6M	64	1G9019D2WTW 3DOORUSD Top holdings2017-09-30 1.G9019D 2.WTW 3.DOORUSD 4.ARMK 5.EBAY 6.GOOGL 7.EPAM 8.CP 9.NCI1EUR 10.FIS
2017-06-30	19	$449.0M	43	1G9019D2TSS 3ARMK Top holdings2017-06-30 1.G9019D 2.TSS 3.ARMK 4.WTW 5.ICE 6.FIS 7.SERVUSD 8.GOOGL 9.DOORUSD 10.EBAY
2017-03-31	18	$420.6M	47	1GOOGL2G9019D3IHS Top holdings2017-03-31 1.GOOGL 2.G9019D 3.IHS 4.TSS 5.ARMK 6.FIS 7.ICE 8.WTW 9.DG 10.SERVUSD
2016-12-31	17	$365.7M	61	1IHS2G9019D3GOOGL Top holdings2016-12-31 1.IHS 2.G9019D 3.GOOGL 4.EBAY 5.TSS 6.FIS 7.DG 8.ICE 9.AZO 10.SERVUSD
2016-09-30	19	$330.6M	82	1G9019D2IHS 3GOOGL Top holdings2016-09-30 1.G9019D 2.IHS 3.GOOGL 4.DG 5.G6518L 6.PPG 7.SERVUSD 8.LOW 9.CDW 10.EBAY
2016-06-30	19	$323.0M	51	1G582492G9019D3FIS Top holdings2016-06-30 1.G58249 2.G9019D 3.FIS 4.GOOGL 5.CDW 6.ST 7.PYPL 8.ICE 9.SWK 10.PPG
2016-03-31	19	$271.2M	71	1G582492FIS 3SABR Top holdings2016-03-31 1.G58249 2.FIS 3.SABR 4.CDW 5.PYPL 6.G9019D 7.G6518L 8.EBAY 9.ST 10.SWK
2015-12-31	20	$148.9M	0	1G582492SWK 3CDW Top holdings2015-12-31 1.G58249 2.SWK 3.CDW 4.G6518L 5.EBAY 6.GOOGL 7.ST 8.PPG 9.AZO 10.PYPL

Holding changes this quarter

Sunriver Management LLC's most significant position changes for 2026-03-31: New buy: Waste Connections INC (WCN); Sold out: Box INC - Class A (BOX); Sold out: Rentokil Initial Plc-sp Adr (RTO); Sold out: Sysco CORP (SYY); Sold out: N-able INC (NABL).

Position changes disclosed by Sunriver Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ARMK	Aramark	+4.4%	+3.47%	Add
2	SSNC	Ss&c Technologies Holdings	+3.3%	+26.47%	Add
3	CDW	Cdw Corp/de	+3.1%	+58.81%	Add
4	OPLN	Openlane INC	+2.8%	+1.31%	Add
5	LYV	Live Nation Entertainment In	+2.2%	+13.77%	Add
6	FA	First Advantage CORP	+2%	+13.96%	Add
7	PFGC	Performance Food Group Co	+0.7%	-24.02%	Trim
8	VRRM	Verra Mobility CORP	+0.2%	-0.44%	Trim
9	SWK	Stanley Black & Decker INC	+0.1%	-32.43%	Trim
10	WEX	Wex INC	+0.1%	-38.12%	Trim
11	HURN	Huron Consulting Group INC	0%	-16.22%	Trim
12	TRU	Transunion	-0.8%	-35.93%	Trim
13	CBZ	Cbiz INC	-0.8%	-2.09%	Trim
14	LMT	Lockheed Martin CORP	-2.9%	-71.95%	Trim
15	WCN	Waste Connections INC	—	NEW	New buy
16	BOX	Box INC - Class A	—	EXIT	Sold out
17	RTO	Rentokil Initial Plc-sp Adr	—	EXIT	Sold out
18	SYY	Sysco CORP	—	EXIT	Sold out
19	NABL	N-able INC	—	EXIT	Sold out
20	HII	Huntington Ingalls Industrie	—	EXIT	Sold out
21	IQV	Iqvia Holdings INC	—	EXIT	Sold out
22	FIS	Fidelity National Info Serv	—	NEW	New buy
23	ACVA	Acv Auctions Inc-a	—	EXIT	Sold out
24	CAE	Cae INC	—	NEW	New buy
25	BOBS	Bob's Discount Furniture	—	NEW	New buy
26	RPAY	Repay Holdings CORP	—	EXIT	Sold out
27	CCC	Ccc Intelligent Solutions Ho	—	EXIT	Sold out

FAQ

What is Sunriver Management LLC and what type of investor is it?

Sunriver Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $591.3M, spread across 18 disclosed positions.

What are Sunriver Management LLC's largest equity positions?

Based on the latest 13F filing, Sunriver Management LLC's top holdings by market value are: 1. Aramark (ARMK) — $56.7M (9.6%) 2. Ss&c Technologies Holdings (SSNC) — $53.9M (9.1%) 3. Waste Connections INC (WCN) — $52.4M (8.9%) 4. Openlane INC (OPLN) — $44.3M (7.5%) 5. Verra Mobility CORP (VRRM) — $42.1M (7.1%)

What changes did Sunriver Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Sunriver Management LLC made 27 notable position adjustments: 4 new positions were initiated, 6 existing holdings were added to, 8 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Waste Connections INC (WCN); Sold out: Box INC - Class A (BOX); Sold out: Rentokil Initial Plc-sp Adr (RTO); Sold out: Sysco CORP (SYY); Sold out: N-able INC (NABL)

What sectors does Sunriver Management LLC focus on?

Sunriver Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 40.6% • Information Technology: 38.4% • Consumer Staples: 7.9% • Communication Services: 7.0% • Financials: 6.1%

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Ascend Capital, LLC

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View detail

Sunriver Management LLC: 13F Holdings & AI Insights

ContrarianSector-focusedHigh-turnover trader

Total reported value

$591.3M

Reporting period: 2026-03-31 · Number of holdings: 18

Sunriver Management LLC disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $591.3M and a quarterly turnover rate of 82.9%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 25.07
Portfolio Stability: 82.9
Momentum/Contrarian: 0
Sector conviction: 98.11
Diversification: 36
Sizing Uniformity: 96.32

Recent moves

Add ARMK
+3.5%　$6.9M
Add SSNC
+26.5%　-$1.2M
Add CDW
+58.8%　$9.5M
Trim LMT
-72.0%　-$40.6M
Add OPLN
+1.3%　-$371.8K
Add LYV
+13.8%　$4.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	ARMK	Aramark	Stock-Industrials	9.59%	+4.37%	+3.47%
2	SSNC	Ss&c Technologies Holdings	Stock-Tech	9.12%	+3.34%	+26.47%
3	WCN	Waste Connections INC	Stock-Industrials	8.86%	+8.86%	NEW
4	OPLN	Openlane INC	Stock-Other	7.48%	+2.80%	+1.31%
5	VRRM	Verra Mobility CORP	Stock-Other	7.11%	+0.16%	-0.44%
6	FA	First Advantage CORP	Stock-Other	6.03%	+1.98%	+13.96%
7	CDW	Cdw Corp/de	Stock-Tech	5.49%	+3.08%	+58.81%
8	WEX	Wex INC	Stock-Tech	5.27%	+0.13%	-38.12%
9	HURN	Huron Consulting Group INC	Stock-Other	5.04%	-0.02%	-16.22%
10	PFGC	Performance Food Group Co	Stock-Consumer Staples	5.00%	+0.72%	-24.02%
11	LYV	Live Nation Entertainment In	Stock-Comm Services	4.40%	+2.16%	+13.77%
12	CBZ	Cbiz INC	Stock-Other	4.40%	-0.83%	-2.09%
13	FIS	Fidelity National Info Serv	Stock-Tech	4.35%	+4.35%	NEW
14	TRU	Transunion	Stock-Financials	3.88%	-0.78%	-35.93%
15	CAE	Cae INC	Stock-Other	3.72%	+3.72%	NEW
16	LMT	Lockheed Martin CORP	Stock-Industrials	3.71%	-2.85%	-71.95%
17	SWK	Stanley Black & Decker INC	Stock-Industrials	3.52%	+0.14%	-32.43%
18	BOBS	Bob's Discount Furniture	Stock-Other	3.02%	+3.02%	NEW

Portfolio Performance

Performance for Q3 2026

+3.4%

Performance Last 4 Quarters

-7.2%

Based on 68% of reported portfolio value with available pricing

Stdev: +17.1%
Beta: +0.88
Alpha: -4.4%
Max Drawdown: -16.5%
Annualized Perf: +13%
Batting Avg vs S&P: +46.9%
Sortino: +1.4
Stutzer: +0.24
Treynor: +0.16
Sterling: +0.56
Calmar: +0.79
Information Ratio: -0.51
Tracking Error: +13.4%
Stdev Down: +9.8%
Winning Months %: +59.4%
Losing Months %: +40.6%
Best 12 Months: +50.1%
Worst 12 Months: -12.8%
Efficiency Ratio: +0.3
Sharpe: +0.8
Stdev Sectors: +15.9%
Skewness: -0.09
Kurtosis: -0.63
Upside Potential: +3.15

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$591.3M	83	1ARMK 2SSNC 3WCN Top holdings2026-03-31 1.ARMK 2.SSNC 3.WCN 4.OPLN 5.VRRM 6.FA 7.CDW 8.WEX 9.HURN 10.PFGC
2025-12-31	23	$953.9M	51	1VRRM 2LMT 3SSNC Top holdings2025-12-31 1.VRRM 2.LMT 3.SSNC 4.BOX 5.RTO 6.CBZ 7.ARMK 8.WEX 9.HURN 10.SYY
2025-09-30	21	$920.0M	66	1IAS 2HURN 3VRRM Top holdings2025-09-30 1.IAS 2.HURN 3.VRRM 4.RTO 5.BOX 6.WEX 7.NABL 8.PFGC 9.SYY 10.SSNC
2025-06-30	23	$932.6M	0	1IAS 2PFGC 3OPLN Top holdings2025-06-30 1.IAS 2.PFGC 3.OPLN 4.VRRM 5.HURN 6.ARMK 7.NABL 8.WEX 9.RTO 10.FISV
2025-03-31	22	$810.3M	100	1IAS 2PFGC 3WEX Top holdings2025-03-31 1.IAS 2.PFGC 3.WEX 4.HURN 5.FIS 6.FA 7.BOX 8.OPLN 9.VRRM 10.AMPL
2024-12-31	19	$835.7M	0	1PFGC 2IAS 3DNB Top holdings2024-12-31 1.PFGC 2.IAS 3.DNB 4.HURN 5.WTW 6.OPLN 7.RPAY 8.FA 9.SSNC 10.AMPL
2024-09-30	17	$813.5M	0	1IAS 2PFGC 3DNB Top holdings2024-09-30 1.IAS 2.PFGC 3.DNB 4.OPLN 5.WEX 6.BOX 7.WTW 8.NABL 9.HURN 10.SSNC
2024-06-30	20	$790.0M	0	1DNB 2IAS 3PFGC Top holdings2024-06-30 1.DNB 2.IAS 3.PFGC 4.WTW 5.SSNC 6.NABL 7.BOX 8.OPLN 9.RPAY 10.FA
2024-03-31	20	$765.2M	0	1IAS 2DNB 3PFGC Top holdings2024-03-31 1.IAS 2.DNB 3.PFGC 4.CACI 5.OPLN 6.SSNC 7.RPAY 8.BOX 9.NABL 10.WTW
2023-12-31	22	$638.3M	0	1PFGC 2BOX 3SSNC Top holdings2023-12-31 1.PFGC 2.BOX 3.SSNC 4.RPAY 5.NABL 6.WTW 7.IAS 8.OPLN 9.EVTC 10.FISV
2023-09-30	19	$528.9M	0	1PFGC 2DNB 3IAS Top holdings2023-09-30 1.PFGC 2.DNB 3.IAS 4.BOX 5.RCM1USD 6.SSNC 7.RPAY 8.NABL 9.BMBL 10.EVTC
2023-06-30	17	$495.7M	0	1PFGC 2NEWREUR 3DNB Top holdings2023-06-30 1.PFGC 2.NEWREUR 3.DNB 4.RCM1USD 5.SSNC 6.BOX 7.EVTC 8.IAS 9.RPAY 10.DG
2023-03-31	17	$479.5M	0	1NEWREUR 2SSNC 3RCM1USD Top holdings2023-03-31 1.NEWREUR 2.SSNC 3.RCM1USD 4.PFGC 5.BOX 6.TTWO 7.DNB 8.SONO 9.L6673X 10.FISV
2022-12-31	15	$487.0M	0	1FISV 2SSNC 3RCM1USD Top holdings2022-12-31 1.FISV 2.SSNC 3.RCM1USD 4.DNB 5.NEWREUR 6.PFGC 7.TTWO 8.BOX 9.CLVT 10.VRRM
2022-09-30	17	$581.1M	0	1FISV 2SSNC 3DNB Top holdings2022-09-30 1.FISV 2.SSNC 3.DNB 4.NEWREUR 5.RCM1USD 6.PFGC 7.BOX 8.TTWO 9.NABL 10.FIS
2022-06-30	18	$480.6M	0	1FISV 2DNB 3SSNC Top holdings2022-06-30 1.FISV 2.DNB 3.SSNC 4.RCM1USD 5.BOX 6.PFGC 7.VRRM 8.TTWO 9.CLVT 10.NABL
2022-03-31	20	$635.3M	0	1SSNC 2FISV 3DNB Top holdings2022-03-31 1.SSNC 2.FISV 3.DNB 4.BOX 5.RCMEUR 6.PFGC 7.23821D 8.VRRM 9.DLB 10.G28923
2021-12-31	17	$633.6M	0	1SSNC 2DNB 3FISV Top holdings2021-12-31 1.SSNC 2.DNB 3.FISV 4.RCMEUR 5.G28923 6.BOX 7.SAIC 8.DLB 9.VRRM 10.PFGC
2021-09-30	21	$629.2M	0	1SSNC 2FISV 3SAIC Top holdings2021-09-30 1.SSNC 2.FISV 3.SAIC 4.DNB 5.RCMEUR 6.G28923 7.BOX 8.USFD 9.WAB 10.DOORUSD
2021-06-30	20	$587.7M	95	1SSNC 2DNB 3SAIC Top holdings2021-06-30 1.SSNC 2.DNB 3.SAIC 4.FISV 5.G28923 6.WAB 7.DLB 8.USFD 9.BOX 10.RCMEUR
2021-03-31	19	$534.8M	56	1SSNC 2BOX 3SEIC Top holdings2021-03-31 1.SSNC 2.BOX 3.SEIC 4.FISV 5.SAIC 6.OTIS 7.TLND 8.WAB 9.CSX 10.DOORUSD
2020-12-31	19	$606.3M	39	1FISV 2SSNC 3TLND Top holdings2020-12-31 1.FISV 2.SSNC 3.TLND 4.OTIS 5.CHNGUSD 6.WTW 7.SAIC 8.SEIC 9.USFD 10.WAB
2020-09-30	20	$626.3M	44	1FISV 2SSNC 3TLND Top holdings2020-09-30 1.FISV 2.SSNC 3.TLND 4.CSX 5.CHNGUSD 6.OTIS 7.EXP 8.SAIC 9.WTW 10.DOORUSD
2020-06-30	20	$634.2M	38	1SSNC 2TLND 3CSX Top holdings2020-06-30 1.SSNC 2.TLND 3.CSX 4.FISV 5.SWIUSD 6.SAIC 7.RCMEUR 8.IHS 9.DOORUSD 10.WTW
2020-03-31	18	$570.5M	100	1SWIUSD 2SSNC 3IHS Top holdings2020-03-31 1.SWIUSD 2.SSNC 3.IHS 4.BR 5.CSX 6.TLND 7.FISV 8.FIS 9.RCMEUR 10.DOORUSD
2019-12-31	19	$569.7M	100	1TLND283417q378467j Top holdings2019-12-31 1.TLND 2.83417q 3.78467j 4.DOORUSD 5.USFD 6.DLTR 7.FISV 8.RCMEUR 9.JECUSD 10.92511u
2019-09-30	18	$516.3M	49	1SWIUSD 2PRSP 3USFD Top holdings2019-09-30 1.SWIUSD 2.PRSP 3.USFD 4.DLTR 5.TLND 6.DOORUSD 7.FIS 8.SSNC 9.OTEX 10.ARMK
2019-06-30	19	$490.1M	53	1FIS 2ARMK 3PRSP Top holdings2019-06-30 1.FIS 2.ARMK 3.PRSP 4.SWIUSD 5.USFD 6.OTEX 7.IHS 8.DOORUSD 9.JECUSD 10.TLND
2019-03-31	18	$502.4M	52	1PRSP 2ARMK 3FDC Top holdings2019-03-31 1.PRSP 2.ARMK 3.FDC 4.USFD 5.IHS 6.GOOGL 7.OTEX 8.FIS 9.TLND 10.JECUSD
2018-12-31	18	$439.6M	39	1ARMK 2PRSP3G57279 Top holdings2018-12-31 1.ARMK 2.PRSP 3.G57279 4.FIS 5.FDC 6.IHS 7.GOOGL 8.USFD 9.OTEX 10.WTW
2018-09-30	20	$484.0M	55	1ARMK 2PRSP3G57279 Top holdings2018-09-30 1.ARMK 2.PRSP 3.G57279 4.META 5.USFD 6.IHS 7.FDC 8.WTW 9.DOORUSD 10.FIS
2018-06-30	19	$467.5M	31	1G9019D2DLTR 3FIS Top holdings2018-06-30 1.G9019D 2.DLTR 3.FIS 4.USFD 5.META 6.IHS 7.FDC 8.ARMK 9.DOORUSD 10.GOOGL
2018-03-31	20	$447.1M	38	1ARMK 2IHS3G9019D Top holdings2018-03-31 1.ARMK 2.IHS 3.G9019D 4.ABM 5.ECL 6.USFD 7.GOOGL 8.FIS 9.DLTR 10.META
2017-12-31	19	$474.4M	74	1IHS2G9019D3EBAY Top holdings2017-12-31 1.IHS 2.G9019D 3.EBAY 4.GOOGL 5.ARMK 6.USFD 7.FIS 8.ABM 9.DOORUSD 10.ECL
2017-09-30	17	$378.6M	64	1G9019D2WTW 3DOORUSD Top holdings2017-09-30 1.G9019D 2.WTW 3.DOORUSD 4.ARMK 5.EBAY 6.GOOGL 7.EPAM 8.CP 9.NCI1EUR 10.FIS
2017-06-30	19	$449.0M	43	1G9019D2TSS 3ARMK Top holdings2017-06-30 1.G9019D 2.TSS 3.ARMK 4.WTW 5.ICE 6.FIS 7.SERVUSD 8.GOOGL 9.DOORUSD 10.EBAY
2017-03-31	18	$420.6M	47	1GOOGL2G9019D3IHS Top holdings2017-03-31 1.GOOGL 2.G9019D 3.IHS 4.TSS 5.ARMK 6.FIS 7.ICE 8.WTW 9.DG 10.SERVUSD
2016-12-31	17	$365.7M	61	1IHS2G9019D3GOOGL Top holdings2016-12-31 1.IHS 2.G9019D 3.GOOGL 4.EBAY 5.TSS 6.FIS 7.DG 8.ICE 9.AZO 10.SERVUSD
2016-09-30	19	$330.6M	82	1G9019D2IHS 3GOOGL Top holdings2016-09-30 1.G9019D 2.IHS 3.GOOGL 4.DG 5.G6518L 6.PPG 7.SERVUSD 8.LOW 9.CDW 10.EBAY
2016-06-30	19	$323.0M	51	1G582492G9019D3FIS Top holdings2016-06-30 1.G58249 2.G9019D 3.FIS 4.GOOGL 5.CDW 6.ST 7.PYPL 8.ICE 9.SWK 10.PPG
2016-03-31	19	$271.2M	71	1G582492FIS 3SABR Top holdings2016-03-31 1.G58249 2.FIS 3.SABR 4.CDW 5.PYPL 6.G9019D 7.G6518L 8.EBAY 9.ST 10.SWK
2015-12-31	20	$148.9M	0	1G582492SWK 3CDW Top holdings2015-12-31 1.G58249 2.SWK 3.CDW 4.G6518L 5.EBAY 6.GOOGL 7.ST 8.PPG 9.AZO 10.PYPL

Holding changes this quarter

Position changes disclosed by Sunriver Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ARMK	Aramark	+4.4%	+3.47%	Add
2	SSNC	Ss&c Technologies Holdings	+3.3%	+26.47%	Add
3	CDW	Cdw Corp/de	+3.1%	+58.81%	Add
4	OPLN	Openlane INC	+2.8%	+1.31%	Add
5	LYV	Live Nation Entertainment In	+2.2%	+13.77%	Add
6	FA	First Advantage CORP	+2%	+13.96%	Add
7	PFGC	Performance Food Group Co	+0.7%	-24.02%	Trim
8	VRRM	Verra Mobility CORP	+0.2%	-0.44%	Trim
9	SWK	Stanley Black & Decker INC	+0.1%	-32.43%	Trim
10	WEX	Wex INC	+0.1%	-38.12%	Trim
11	HURN	Huron Consulting Group INC	0%	-16.22%	Trim
12	TRU	Transunion	-0.8%	-35.93%	Trim
13	CBZ	Cbiz INC	-0.8%	-2.09%	Trim
14	LMT	Lockheed Martin CORP	-2.9%	-71.95%	Trim
15	WCN	Waste Connections INC	—	NEW	New buy
16	BOX	Box INC - Class A	—	EXIT	Sold out
17	RTO	Rentokil Initial Plc-sp Adr	—	EXIT	Sold out
18	SYY	Sysco CORP	—	EXIT	Sold out
19	NABL	N-able INC	—	EXIT	Sold out
20	HII	Huntington Ingalls Industrie	—	EXIT	Sold out
21	IQV	Iqvia Holdings INC	—	EXIT	Sold out
22	FIS	Fidelity National Info Serv	—	NEW	New buy
23	ACVA	Acv Auctions Inc-a	—	EXIT	Sold out
24	CAE	Cae INC	—	NEW	New buy
25	BOBS	Bob's Discount Furniture	—	NEW	New buy
26	RPAY	Repay Holdings CORP	—	EXIT	Sold out
27	CCC	Ccc Intelligent Solutions Ho	—	EXIT	Sold out