AC
Anabranch Capital Management, LP SEC 13F Holdings (Q2 2026) — Top Position: CARVANA CO
Anabranch Capital Management, LPCIK: 0001822480
Sector-focusedMomentum followerConcentrated strategy
Total reported value
$130.9M
Reporting period: 2026-06-30 · Number of holdings: 5
Anabranch Capital Management, LP disclosed 5 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $130.9M and a quarterly turnover rate of 54.3%.
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Personality snowflake
- Concentration
- 95.5
- Portfolio Stability
- 54.33
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 10
- Sizing Uniformity
- 95.08
Anabranch Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.239 — mathematically equivalent to about 4 equally-sized positions, close to its 5 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 0.49), 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 9.5 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 GWRE 1.25 11-01-29
New buy GWRE
Add CVNA
+626.2% $15.7M
Trim HLT
-34.5% -$6.0M
Add TDG
+8.4% $6.2M
Add SGI
+11.5% $3.5M
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 | CVNA | Carvana Co | Stock-Consumer Disc | 35.10% | +8.80% | +626.20% | |
| 2 | TDG | Transdigm Group Inc | Stock-Industrials | 24.00% | +2.04% | +8.36% | |
| 3 | SGI | Somnigroup International Inc | Stock-Consumer Disc | 17.40% | +0.63% | +11.48% | |
| 4 | GWRE | Guidewire Software Inc | Stock-Tech | 12.19% | +12.19% | NEW | |
| 5 | HLT | Hilton Worldwide Holdings In | Stock-Consumer Disc | 11.30% | -6.78% | -34.46% |
Portfolio Performance
Performance for Q3 2026
-4.6%
Performance Last 4 Quarters
-5.8%
Based on 83% of reported portfolio value with available pricing
- Stdev
- +18.2%
- Beta
- +0.95
- Alpha
- +4.5%
- Max Drawdown
- -10.3%
- Annualized Perf
- +24.1%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.59
- Stutzer
- +0.38
- Treynor
- +0.25
- Sterling
- +1.37
- Calmar
- +2.34
- Information Ratio
- +0.25
- Tracking Error
- +13.5%
- Stdev Down
- +9%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +66.2%
- Worst 12 Months
- -5.8%
- Efficiency Ratio
- +0.55
- Sharpe
- +1.28
- Stdev Sectors
- +22.1%
- Skewness
- 0
- Kurtosis
- -0.71
- Upside Potential
- +4.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 5 | $130.9M | 54 | ||
| 2026 Q1 | 5 | $114.9M | 55 | ||
| 2025 Q4 | 5 | $148.8M | 30 | ||
| 2025 Q3 | 6 | $158.9M | 39 | ||
| 2025 Q2 | 6 | $167.5M | 0 | ||
| 2025 Q1 | 7 | $154.6M | 100 | ||
| 2024 Q4 | 8 | $167.1M | 0 | ||
| 2024 Q3 | 7 | $170.4M | 0 | ||
| 2024 Q2 | 7 | $167.9M | 0 | ||
| 2024 Q1 | 7 | $171.6M | 0 | ||
| 2023 Q4 | 7 | $157.2M | 0 | ||
| 2023 Q3 | 7 | $136.8M | 0 | ||
| 2023 Q2 | 7 | $136.1M | 0 | ||
| 2023 Q1 | 7 | $121.9M | 0 | ||
| 2022 Q4 | 8 | $105.0M | 0 | ||
| 2022 Q3 | 8 | $93.1M | 0 | ||
| 2022 Q2 | 7 | $96.2M | 0 | ||
| 2022 Q1 | 7 | $145.6M | 0 | ||
| 2021 Q4 | 7 | $176.4M | 0 | ||
| 2021 Q3 | 8 | $174.2M | 0 | ||
| 2021 Q2 | 6 | $162.2M | 92 | ||
| 2021 Q1 | 6 | $138.3M | 35 | ||
| 2020 Q4 | 6 | $162.5M | 0 |
Holding changes this quarter
Anabranch Capital Management, LP's most significant position changes for 2026-06-30: Sold out: Guidewire Software Inc (GWRE 1.25 11-01-29); New buy: Guidewire Software Inc (GWRE); Add: Carvana Co (CVNA) — shares +626.20%; Trim: Hilton Worldwide Holdings In (HLT) — shares -34.46%; Add: Transdigm Group Inc (TDG) — shares +8.36%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GWRE | Guidewire Software Inc | +12.2% | NEW | New buy |
| 2 | CVNA | Carvana Co | +8.8% | +626.20% | Add |
| 3 | TDG | Transdigm Group Inc | +2% | +8.36% | Add |
| 4 | SGI | Somnigroup International Inc | +0.6% | +11.48% | Add |
| 5 | HLT | Hilton Worldwide Holdings In | -6.8% | -34.46% | Trim |
| 6 | GWRE 1.25 11-01-29Bond | Guidewire Software Inc | -16.9% | EXIT | Sold out |
Filing History
FAQ
What is Anabranch Capital Management, LP and what type of investor is it?
Anabranch 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 $130.9M, spread across 5 disclosed positions.
What are Anabranch Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Anabranch Capital Management, LP's top holdings by market value are:
1. Carvana Co (CVNA) — $45.9M (35.1%)
2. Transdigm Group Inc (TDG) — $31.4M (24.0%)
3. Somnigroup International Inc (SGI) — $22.8M (17.4%)
4. Guidewire Software Inc (GWRE) — $16.0M (12.2%)
5. Hilton Worldwide Holdings In (HLT) — $14.8M (11.3%)
What changes did Anabranch Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Anabranch Capital Management, LP made 6 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Guidewire Software Inc (GWRE 1.25 11-01-29); New buy: Guidewire Software Inc (GWRE); Add: Carvana Co (CVNA) — shares +626.20%; Trim: Hilton Worldwide Holdings In (HLT) — shares -34.46%; Add: Transdigm Group Inc (TDG) — shares +8.36%
What sectors does Anabranch Capital Management, LP focus on?
Anabranch Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 63.8%
• Industrials: 24.0%
• Information Technology: 12.2%
Investment Profile
Anabranch Capital Management, LP returned an annualized 24.1% over the trailing 36 months — outperforming the S&P 500 by 4.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.95 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 63.8% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 54 over the past 4 quarters — a shift toward more active trading.
It has trimmed its HLT position for two straight quarters, cutting it by $10.5M while still holding $14.8M.
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