5N
59 North Capital Management, LP's 13F Portfolio ($4.5B, Q2 2026)
59 North Capital Management, LPCIK: 0001805589
Momentum followerQuality / disciplined sizingHigh-turnover trader
Total reported value
$4.5B
Reporting period: 2026-06-30 · Number of holdings: 19
59 North Capital Management, LP disclosed 19 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.5B and a quarterly turnover rate of 67.5%.
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Personality snowflake
- Concentration
- 26.76
- Portfolio Stability
- 67.53
- Momentum
- 100
- Sector conviction
- 73.44
- Diversification
- 38
- Sizing Uniformity
- 94.65
59 North Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.067 — mathematically equivalent to about 15 equally-sized positions, close to its 19 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.54), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out CCL1EUR
Sold out CEG
New buy G2004J103
Add DIS
+144.3% $298.5M
New buy VMC
Trim DTM
-24.7% -$63.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DIS | Walt Disney Co/the | Stock-Comm Services | 11.26% | +5.08% | +144.31% | |
| 2 | AER | AerCap Holdings N.V. | Stock-Industrials | 9.07% | -3.71% | -10.53% | |
| 3 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 8.46% | -1.47% | +12.27% | |
| 4 | KMI | Kinder Morgan, Inc. | Stock-Energy | 7.40% | -3.16% | -1.55% | |
| 5 | LPX | Louisiana-pacific CORP | Stock-Industrials | 7.37% | +0.29% | +28.96% | |
| 6 | NWSA | News CORP - Class A | Stock-Comm Services | 7.31% | -1.95% | +6.28% | |
| 7 | ✓ | Carnival CORP LTD F | Stock-Other | 6.58% | +6.58% | NEW | |
| 8 | DTM | Dt Midstream Inc | Stock-Energy | 6.45% | -4.08% | -24.70% | |
| 9 | GPC | Genuine Parts Co | Stock-Consumer Disc | 5.41% | +2.81% | +150.30% | |
| 10 | SITE | Siteone Landscape Supply Inc | Stock-Industrials | 5.24% | +1.07% | +96.03% | |
| 11 | VMC | Vulcan Materials Co | Stock-Materials | 4.23% | +4.23% | NEW | |
| 12 | L | Loews CORP | Stock-Financials | 4.14% | +2.69% | +260.21% | |
| 13 | CVX | Chevron CORP | Stock-Energy | 3.85% | -2.46% | +2.10% | |
| 14 | COF | Capital One Financial CORP | Stock-Financials | 3.68% | +3.68% | NEW | |
| 15 | MLM | Martin Marietta Materials | Stock-Materials | 2.75% | +2.75% | NEW | |
| 16 | FLS | Flowserve CORP | Stock-Industrials | 2.56% | +2.56% | NEW | |
| 17 | SUNB | Sunbelt Rentals Holdings Inc | Stock-Industrials | 2.02% | +2.02% | NEW | |
| 18 | FLR | Fluor CORP | Stock-Industrials | 1.51% | +1.51% | NEW | |
| 19 | NWS | News CORP - Class B | Stock-Comm Services | 0.72% | -0.58% | -24.86% |
Portfolio Performance
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+5.9%
- Stdev
- +15.6%
- Beta
- +0.88
- Alpha
- +0.2%
- Max Drawdown
- -11.1%
- Annualized Perf
- +18%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.16
- Stutzer
- +0.33
- Treynor
- +0.2
- Sterling
- +1.07
- Calmar
- +1.62
- Information Ratio
- -0.2
- Tracking Error
- +10.8%
- Stdev Down
- +8.3%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +44.5%
- Worst 12 Months
- +0.6%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.14
- Stdev Sectors
- +11.4%
- Skewness
- -0.05
- Kurtosis
- -0.49
- Upside Potential
- +3.85
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 19 | $4.5B | 68 | ||
| 2026 Q1 | 17 | $3.4B | 44 | ||
| 2025 Q4 | 13 | $3.2B | 12 | ||
| 2025 Q3 | 14 | $3.2B | 85 | ||
| 2025 Q2 | 14 | $2.8B | 0 | ||
| 2025 Q1 | 14 | $2.8B | 100 | ||
| 2024 Q4 | 13 | $2.1B | 0 | ||
| 2024 Q3 | 17 | $2.2B | 0 | ||
| 2024 Q2 | 15 | $2.0B | 0 | ||
| 2024 Q1 | 16 | $1.7B | 0 | ||
| 2023 Q4 | 14 | $1.2B | 0 | ||
| 2023 Q3 | 11 | $863.5M | 0 | ||
| 2023 Q2 | 13 | $875.9M | 0 | ||
| 2023 Q1 | 12 | $683.3M | 0 | ||
| 2022 Q4 | 14 | $558.1M | 0 | ||
| 2022 Q3 | 12 | $373.8M | 0 | ||
| 2022 Q2 | 12 | $349.0M | 0 | ||
| 2022 Q1 | 12 | $394.6M | 0 | ||
| 2021 Q4 | 11 | $338.6M | 0 | ||
| 2021 Q3 | 10 | $294.9M | 0 | ||
| 2021 Q2 | 11 | $268.0M | 66 | ||
| 2021 Q1 | 14 | $238.5M | 58 | ||
| 2020 Q4 | 13 | $268.0M | 0 |
Holding changes this quarter
59 North Capital Management, LP's most significant position changes for 2026-06-30: New buy: Carnival CORP LTD F; Sold out: Carnival CORP LTD (CCL1EUR); Sold out: Constellation Energy (CEG); New buy: Vulcan Materials Co (VMC); New buy: Capital One Financial CORP (COF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Carnival CORP LTD F | +6.6% | NEW | New buy |
| 2 | DIS | Walt Disney Co/the | +5.1% | +144.31% | Add |
| 3 | VMC | Vulcan Materials Co | +4.2% | NEW | New buy |
| 4 | COF | Capital One Financial CORP | +3.7% | NEW | New buy |
| 5 | GPC | Genuine Parts Co | +2.8% | +150.30% | Add |
| 6 | MLM | Martin Marietta Materials | +2.8% | NEW | New buy |
| 7 | L | Loews CORP | +2.7% | +260.21% | Add |
| 8 | FLS | Flowserve CORP | +2.6% | NEW | New buy |
| 9 | SUNB | Sunbelt Rentals Holdings Inc | +2% | NEW | New buy |
| 10 | FLR | Fluor CORP | +1.5% | NEW | New buy |
| 11 | SITE | Siteone Landscape Supply Inc | +1.1% | +96.03% | Add |
| 12 | LPX | Louisiana-pacific CORP | +0.3% | +28.96% | Add |
| 13 | NFG | National Fuel Gas Co | -0.5% | EXIT | Sold out |
| 14 | NWS | News CORP - Class B | -0.6% | -24.86% | Trim |
| 15 | LAMR | Lamar Advertising Co-a | -0.7% | EXIT | Sold out |
| 16 | FERG | Ferguson Enterprises Inc | -1.5% | +12.27% | Add |
| 17 | NWSA | News CORP - Class A | -2% | +6.28% | Add |
| 18 | CVX | Chevron CORP | -2.5% | +2.10% | Add |
| 19 | WY | Weyerhaeuser Co | -2.7% | EXIT | Sold out |
| 20 | KMI | Kinder Morgan, Inc. | -3.2% | -1.55% | Trim |
| 21 | AER | AerCap Holdings N.V. | -3.7% | -10.53% | Trim |
| 22 | DTM | Dt Midstream Inc | -4.1% | -24.70% | Trim |
| 23 | CEG | Constellation Energy | -6.8% | EXIT | Sold out |
| 24 | CCL1EUR | Carnival CORP LTD | -7.2% | EXIT | Sold out |
Filing History
FAQ
What is 59 North Capital Management, LP and what type of investor is it?
59 North Capital Management, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.5B, spread across 19 disclosed positions.
What are 59 North Capital Management, LP's largest equity positions?
Based on the latest 13F filing, 59 North Capital Management, LP's top holdings by market value are:
1. Walt Disney Co/the (DIS) — $505.8M (11.3%)
2. AerCap Holdings N.V. (AER) — $407.4M (9.1%)
3. Ferguson Enterprises Inc (FERG) — $380.3M (8.5%)
4. Kinder Morgan, Inc. (KMI) — $332.5M (7.4%)
5. Louisiana-pacific CORP (LPX) — $331.1M (7.4%)
What changes did 59 North Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, 59 North Capital Management, LP made 24 notable position adjustments: 7 new positions were initiated, 8 existing holdings were added to, 4 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Carnival CORP LTD F; Sold out: Carnival CORP LTD (CCL1EUR); Sold out: Constellation Energy (CEG); New buy: Vulcan Materials Co (VMC); New buy: Capital One Financial CORP (COF)
What sectors does 59 North Capital Management, LP focus on?
59 North Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 38.8%
• Communication Services: 20.6%
• Energy: 18.9%
• Financials: 8.4%
• Materials: 7.5%
• Consumer Discretionary: 5.8%
Investment Profile
59 North Capital Management, LP returned an annualized 18.0% over the trailing 36 months — outperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.88 (less volatile than the market) and a 56% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 38.8% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 68 over the past 4 quarters — a shift toward more active trading.
It has added to its FERG position over the past two quarters (+$100.9M, now $380.3M), while trimming DTM over the same stretch (-$75.4M, still holding $289.7M).
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Developer Access
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