HP
Highlander Partners, L.P. Quarterly 13F Portfolio Update (Q2 2026)
Highlander Partners, L.P.CIK: 0001903866
ContrarianQuality / disciplined sizingSector-focused
Total reported value
$298.3M
Reporting period: 2026-06-30 · Number of holdings: 46
Highlander Partners, L.P. disclosed 46 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $298.3M and a quarterly turnover rate of 28.7%.
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Personality snowflake
- Concentration
- 37.78
- Portfolio Stability
- 28.74
- Momentum
- 0
- Sector conviction
- 72.17
- Diversification
- 88
- Sizing Uniformity
- 82.03
Highlander Partners, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.094 — mathematically equivalent to about 11 equally-sized positions, well below its 46 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.80), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.4 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SGI
+2253.6% $24.8M
New buy SUNB
Trim VRT
-25.0% $104.9K
Trim PSN
-52.2% -$7.4M
Sold out KRE
Add DELL
0.0% $8.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 44 holdings (of 46 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 22.17% | -3.68% | -25.04% | |
| 2 | BX | Blackstone Inc | Stock-Financials | 9.41% | -1.33% | — | |
| 3 | KEYS | Keysight Technologies In | Stock-Tech | 9.29% | +0.54% | — | |
| 4 | SGI | Somnigroup International Inc | Stock-Consumer Disc | 8.66% | +8.26% | +2253.57% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 8.31% | -0.17% | — | |
| 6 | MIRM | Mirum Pharmaceuticals Inc | Stock-Other | 4.83% | +0.38% | — | |
| 7 | DELL | Dell Technologies -c | Stock-Tech | 4.34% | +2.41% | — | |
| 8 | SPXC | Spx Technologies Inc | Stock-Industrials | 4.29% | +0.20% | — | |
| 9 | TCBI | Texas Capital Bancshares Inc | Stock-Financials | 4.29% | -0.31% | — | |
| 10 | SUNB | Sunbelt Rentals Holdings Inc | Stock-Industrials | 3.76% | +3.76% | NEW | |
| 11 | DHR | Danaher CORP | Stock-Healthcare | 3.70% | -0.60% | — | |
| 12 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.81% | -1.47% | — | |
| 13 | DAKT | Daktronics Inc | Stock-Other | 2.62% | -0.44% | — | |
| 14 | PSN | Parsons CORP | Stock-Tech | 2.15% | -3.27% | -52.17% | |
| 15 | SSNC | Ss&c Technologies Holdings | Stock-Tech | 1.70% | -0.46% | — | |
| 16 | GWRE | Guidewire Software Inc | Stock-Tech | 1.36% | -0.57% | — | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.00% | -0.02% | — | |
| 18 | DSGR | Distribution Solutions Group | Stock-Other | 0.79% | -0.09% | — | |
| 19 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.71% | -0.03% | — | |
| 20 | MDAI | Spectral Ai Inc | Stock-Other | 0.52% | — | — | |
| 21 | DMLP | Dorchester Minerals LP | Stock-Other | 0.28% | -0.07% | — | |
| 22 | MPLX | Mplx LP | Stock-Energy | 0.27% | -0.05% | — | |
| 23 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.26% | +0.01% | — | |
| 24 | CWST | Casella Waste Systems Inc-a | Stock-Industrials | 0.20% | +0.01% | — | |
| 25 | EPD | Enterprise Products Partners | Stock-Energy | 0.17% | -0.04% | — | |
| 26 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.16% | -0.01% | — | |
| 27 | PM | Philip Morris International | Stock-Consumer Staples | 0.15% | -0.01% | — | |
| 28 | GLD | Spdr Gold Shares | ETF-Commodities | 0.14% | -0.06% | — | |
| 29 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.14% | -0.02% | — | |
| 30 | MSFT | Microsoft CORP | Stock-Tech | 0.13% | -0.02% | — | |
| 31 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.12% | -0.01% | — | |
| 32 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.12% | -0.02% | — | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.12% | -0.02% | — | |
| 34 | PSX | Phillips 66 | Stock-Energy | 0.11% | -0.03% | — | |
| 35 | ET | Energy Transfer LP | Stock-Energy | 0.11% | -0.02% | — | |
| 36 | KRP | Kimbell Royalty Partners LP | Stock-Other | 0.11% | -0.01% | — | |
| 37 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.10% | -0.02% | — | |
| 38 | XOM | Exxon Mobil CORP | Stock-Energy | 0.09% | -0.04% | — | |
| 39 | WES | Western Midstream Partners L | Stock-Energy | 0.09% | -0.01% | — | |
| 40 | ARCC | Ares Capital CORP | Stock-Financials | 0.09% | -0.01% | — | |
| 41 | V | Visa Inc-class A Shares | Stock-Financials | 0.08% | — | — | |
| 42 | SLB | Slb LTD | Stock-Energy | 0.08% | -0.02% | — | |
| 43 | HD | Home Depot Inc | Stock-Consumer Disc | 0.07% | -0.01% | — | |
| 44 | ADBE | Adobe Inc | Stock-Tech | 0.07% | -0.03% | — |
Portfolio Performance
Performance for Q3 2026
-2.7%
Performance Last 4 Quarters
+25.6%
- Stdev
- +21.7%
- Beta
- +1.35
- Alpha
- +2%
- Max Drawdown
- -20.6%
- Annualized Perf
- +30.3%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.69
- Stutzer
- +0.39
- Treynor
- +0.21
- Sterling
- +1.47
- Calmar
- +1.47
- Information Ratio
- +0.66
- Tracking Error
- +13.6%
- Stdev Down
- +10.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +66.1%
- Worst 12 Months
- +3.1%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.34
- Stdev Sectors
- +12%
- Skewness
- -0.06
- Kurtosis
- -0.61
- Upside Potential
- +4.35
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 46 | $298.3M | 29 | ||
| 2026 Q1 | 47 | $255.5M | 34 | ||
| 2025 Q4 | 68 | $278.7M | 14 | ||
| 2025 Q3 | 52 | $286.7M | 53 | ||
| 2025 Q2 | 53 | $260.3M | 0 | ||
| 2025 Q1 | 48 | $161.7M | 0 | ||
| 2024 Q4 | 41 | $176.1M | 0 | ||
| 2024 Q3 | 45 | $169.2M | 0 | ||
| 2024 Q2 | 40 | $150.3M | 0 | ||
| 2024 Q1 | 42 | $144.3M | 0 | ||
| 2023 Q4 | 25 | $125.1M | 0 | ||
| 2023 Q3 | 26 | $101.3M | 0 | ||
| 2023 Q2 | 26 | $89.0M | 0 | ||
| 2023 Q1 | 23 | $73.9M | 0 | ||
| 2022 Q4 | 22 | $73.8M | 0 | ||
| 2022 Q3 | 21 | $67.2M | 0 | ||
| 2022 Q2 | 24 | $76.0M | 0 | ||
| 2022 Q1 | 23 | $79.7M | 0 | ||
| 2021 Q4 | 26 | $82.0M | 0 |
Holding changes this quarter
Highlander Partners, L.P.'s most significant position changes for 2026-06-30: New buy: Sunbelt Rentals Holdings Inc (SUNB); Sold out: Ss Spdr S&p Regional Bank (KRE); Sold out: Ishares China Large-cap ETF (FXI); Add: Somnigroup International Inc (SGI) — shares +2253.57%; Trim: Vertiv Holdings Co-a (VRT) — shares -25.04%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SGI | Somnigroup International Inc | +8.3% | +2253.57% | Add |
| 2 | SUNB | Sunbelt Rentals Holdings Inc | +3.8% | NEW | New buy |
| 3 | DELL | Dell Technologies -c | +2.4% | — | Unchanged |
| 4 | KEYS | Keysight Technologies In | +0.5% | — | Unchanged |
| 5 | MIRM | Mirum Pharmaceuticals Inc | +0.4% | — | Unchanged |
| 6 | SPXC | Spx Technologies Inc | +0.2% | — | Unchanged |
| 7 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 8 | CWST | Casella Waste Systems Inc-a | 0% | — | Unchanged |
| 9 | MDAI | Spectral Ai Inc | — | — | Unchanged |
| 10 | V | Visa Inc-class A Shares | — | — | Unchanged |
| 11 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 12 | ACWI | Ishares Msci Acwi ETF | 0% | — | Unchanged |
| 13 | PM | Philip Morris International | 0% | — | Unchanged |
| 14 | WES | Western Midstream Partners L | 0% | — | Unchanged |
| 15 | HD | Home Depot Inc | 0% | — | Unchanged |
| 16 | ARCC | Ares Capital CORP | 0% | — | Unchanged |
| 17 | KRP | Kimbell Royalty Partners LP | 0% | — | Unchanged |
| 18 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 19 | MRK | Merck & Co. Inc. | 0% | — | Unchanged |
| 20 | SLB | Slb LTD | 0% | — | Unchanged |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 22 | META | Meta Platforms Inc-class A | 0% | — | Unchanged |
| 23 | ET | Energy Transfer LP | 0% | — | Unchanged |
| 24 | MSFT | Microsoft CORP | 0% | — | Unchanged |
| 25 | PAGP | Plains Gp Holdings Lp-cl A | 0% | — | Unchanged |
| 26 | RSP | Invesco S&p 500 Equal Weight | 0% | — | Unchanged |
| 27 | ADBE | Adobe Inc | 0% | — | Unchanged |
| 28 | PSX | Phillips 66 | 0% | — | Unchanged |
| 29 | XOM | Exxon Mobil CORP | 0% | — | Unchanged |
| 30 | EPD | Enterprise Products Partners | 0% | — | Unchanged |
| 31 | MPLX | Mplx LP | -0.1% | — | Unchanged |
| 32 | GLD | Spdr Gold Shares | -0.1% | — | Unchanged |
| 33 | DMLP | Dorchester Minerals LP | -0.1% | — | Unchanged |
| 34 | FXI | Ishares China Large-cap ETF | -0.1% | EXIT | Sold out |
| 35 | DSGR | Distribution Solutions Group | -0.1% | — | Unchanged |
| 36 | AMZN | Amazon.com Inc | -0.2% | — | Unchanged |
| 37 | TCBI | Texas Capital Bancshares Inc | -0.3% | — | Unchanged |
| 38 | DAKT | Daktronics Inc | -0.4% | — | Unchanged |
| 39 | SSNC | Ss&c Technologies Holdings | -0.5% | — | Unchanged |
| 40 | GWRE | Guidewire Software Inc | -0.6% | — | Unchanged |
| 41 | DHR | Danaher CORP | -0.6% | — | Unchanged |
| 42 | BX | Blackstone Inc | -1.3% | — | Unchanged |
| 43 | BABA | Alibaba Group Holding-sp Adr | -1.5% | — | Unchanged |
| 44 | KRE | Ss Spdr S&p Regional Bank | -2.6% | EXIT | Sold out |
| 45 | PSN | Parsons CORP | -3.3% | -52.17% | Trim |
| 46 | VRT | Vertiv Holdings Co-a | -3.7% | -25.04% | Trim |
Filing History
FAQ
What is Highlander Partners, L.P. and what type of investor is it?
Highlander Partners, L.P. 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 $298.3M, spread across 46 disclosed positions.
What are Highlander Partners, L.P.'s largest equity positions?
Based on the latest 13F filing, Highlander Partners, L.P.'s top holdings by market value are:
1. Vertiv Holdings Co-a (VRT) — $66.2M (22.2%)
2. Blackstone Inc (BX) — $28.1M (9.4%)
3. Keysight Technologies In (KEYS) — $27.7M (9.3%)
4. Somnigroup International Inc (SGI) — $25.8M (8.7%)
5. Amazon.com Inc (AMZN) — $24.8M (8.3%)
What changes did Highlander Partners, L.P. make in its most recent portfolio filing?
In the latest reported quarter, Highlander Partners, L.P. made 6 notable position adjustments: 1 new positions were initiated, 1 existing holdings were added to, 2 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Sunbelt Rentals Holdings Inc (SUNB); Sold out: Ss Spdr S&p Regional Bank (KRE); Sold out: Ishares China Large-cap ETF (FXI); Add: Somnigroup International Inc (SGI) — shares +2253.57%; Trim: Vertiv Holdings Co-a (VRT) — shares -25.04%
What sectors does Highlander Partners, L.P. focus on?
Highlander Partners, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 34.3%
• Consumer Discretionary: 22.4%
• Information Technology: 21.5%
• Financials: 15.8%
• Health Care: 4.3%
• Energy: 1.2%
Investment Profile
Highlander Partners, L.P. returned an annualized 30.3% over the trailing 36 months — outperforming the S&P 500 by 2.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.35 (more volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 34.3% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its VRT position over the past two quarters (+$18.6M, now $66.2M), while trimming PSN over the same stretch (-$10.7M, still holding $6.4M).
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