LP
Long Path Partners LP 13F Holdings Tracker (Q2 2026)
Long Path Partners LPCIK: 0001905112
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$234.6M
Reporting period: 2026-06-30 · Number of holdings: 10
Long Path Partners LP disclosed 10 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $234.6M and a quarterly turnover rate of 30.6%.
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Personality snowflake
- Concentration
- 65.11
- Portfolio Stability
- 30.56
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 20
- Sizing Uniformity
- 91.65
Long Path Partners LP's disclosed holdings carry a Herfindahl concentration index of 0.163 — mathematically equivalent to about 6 equally-sized positions, close to its 10 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 0.84), 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 5.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 35% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim IIIV
-73.7% -$13.7M
Trim NCNO
-17.7% -$6.7M
Add ALKT
+24.5% $12.4M
New buy SPSC
Add MLAB
+17.6% $11.6M
Trim PCOR
-15.4% -$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 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NCNO | Ncino Inc | Stock-Other | 25.36% | -4.72% | -17.66% | |
| 2 | MLAB | Mesa Laboratories Inc | Stock-Other | 20.24% | +3.95% | +17.64% | |
| 3 | ALKT | Alkami Technology Inc | Stock-Other | 17.29% | +4.48% | +24.47% | |
| 4 | CPAY | Corpay Inc | Stock-Tech | 12.42% | +0.75% | -0.93% | |
| 5 | TYL | Tyler Technologies Inc | Stock-Tech | 7.81% | -1.57% | +3.87% | |
| 6 | SPSC | Sps Commerce Inc | Stock-Tech | 4.41% | +4.41% | NEW | |
| 7 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 3.99% | +1.36% | +60.25% | |
| 8 | TDG | Transdigm Group Inc | Stock-Industrials | 3.45% | +0.04% | -6.17% | |
| 9 | PCOR | Procore Technologies Inc | Stock-Tech | 3.06% | -2.36% | -15.44% | |
| 10 | IIIV | I3 Verticals Inc-class A | Stock-Other | 1.96% | -6.36% | -73.73% |
Portfolio Performance
Performance for Q3 2026
+23.5%
Performance Last 4 Quarters
-17.3%
- Stdev
- +26.8%
- Beta
- +1.17
- Alpha
- -20.7%
- Max Drawdown
- -50.8%
- Annualized Perf
- -0.7%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +0.15
- Stutzer
- +0.03
- Treynor
- +0.02
- Sterling
- -0.02
- Calmar
- -0.01
- Information Ratio
- -0.78
- Tracking Error
- +22.2%
- Stdev Down
- +17.9%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +40.2%
- Worst 12 Months
- -37.9%
- Efficiency Ratio
- +0.01
- Sharpe
- +0.1
- Stdev Sectors
- +32.2%
- Skewness
- +0.12
- Kurtosis
- -0.69
- Upside Potential
- +2.2
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 10 | $234.6M | 31 | ||
| 2026 Q1 | 9 | $220.1M | 69 | ||
| 2025 Q4 | 7 | $292.4M | 16 | ||
| 2025 Q3 | 7 | $276.6M | 44 | ||
| 2025 Q2 | 6 | $294.6M | 0 | ||
| 2025 Q1 | 10 | $258.7M | 0 | ||
| 2024 Q4 | 11 | $308.6M | 0 | ||
| 2024 Q3 | 10 | $308.3M | 0 | ||
| 2024 Q2 | 10 | $252.3M | 0 | ||
| 2024 Q1 | 9 | $190.0M | 0 | ||
| 2023 Q4 | 9 | $212.3M | 0 | ||
| 2023 Q3 | 9 | $199.6M | 0 | ||
| 2023 Q2 | 20 | $227.4M | 0 | ||
| 2023 Q1 | 15 | $231.8M | 0 | ||
| 2022 Q4 | 13 | $230.1M | 0 | ||
| 2022 Q3 | 11 | $186.6M | 0 | ||
| 2022 Q2 | 8 | $165.0M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Long Path Partners LP's most significant position changes for 2026-06-30: New buy: Sps Commerce Inc (SPSC); Trim: I3 Verticals Inc-class A (IIIV) — shares -73.73%; Trim: Ncino Inc (NCNO) — shares -17.66%; Add: Alkami Technology Inc (ALKT) — shares +24.47%; Add: Mesa Laboratories Inc (MLAB) — shares +17.64%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ALKT | Alkami Technology Inc | +4.5% | +24.47% | Add |
| 2 | SPSC | Sps Commerce Inc | +4.4% | NEW | New buy |
| 3 | MLAB | Mesa Laboratories Inc | +4% | +17.64% | Add |
| 4 | VEEV | Veeva Systems Inc-class A | +1.4% | +60.25% | Add |
| 5 | CPAY | Corpay Inc | +0.8% | -0.93% | Trim |
| 6 | TDG | Transdigm Group Inc | 0% | -6.17% | Trim |
| 7 | TYL | Tyler Technologies Inc | -1.6% | +3.87% | Add |
| 8 | PCOR | Procore Technologies Inc | -2.4% | -15.44% | Trim |
| 9 | NCNO | Ncino Inc | -4.7% | -17.66% | Trim |
| 10 | IIIV | I3 Verticals Inc-class A | -6.4% | -73.73% | Trim |
Filing History
FAQ
What is Long Path Partners LP and what type of investor is it?
Long Path Partners 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 $234.6M, spread across 10 disclosed positions.
What are Long Path Partners LP's largest equity positions?
Based on the latest 13F filing, Long Path Partners LP's top holdings by market value are:
1. Ncino Inc (NCNO) — $59.5M (25.4%)
2. Mesa Laboratories Inc (MLAB) — $47.5M (20.2%)
3. Alkami Technology Inc (ALKT) — $40.6M (17.3%)
4. Corpay Inc (CPAY) — $29.2M (12.4%)
5. Tyler Technologies Inc (TYL) — $18.3M (7.8%)
What changes did Long Path Partners LP make in its most recent portfolio filing?
In the latest reported quarter, Long Path Partners LP made 10 notable position adjustments: 1 new positions were initiated, 4 existing holdings were added to, 5 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Sps Commerce Inc (SPSC); Trim: I3 Verticals Inc-class A (IIIV) — shares -73.73%; Trim: Ncino Inc (NCNO) — shares -17.66%; Add: Alkami Technology Inc (ALKT) — shares +24.47%; Add: Mesa Laboratories Inc (MLAB) — shares +17.64%
What sectors does Long Path Partners LP focus on?
Long Path Partners LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 78.8%
• Health Care: 11.3%
• Industrials: 9.8%
Investment Profile
Long Path Partners LP returned an annualized -0.7% over the trailing 36 months — underperforming the S&P 500 by 20.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.17 (more volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 78.8% of the portfolio concentrated in Information Technology.
Its concentration score has fallen from 100 to 65 over the past 4 quarters — a shift toward broader diversification.
It has added to its MLAB position over the past two quarters (+$29.7M, now $47.5M), while trimming NCNO over the same stretch (-$34.5M, still holding $59.5M).
Peer Institutions
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SI
Serenity Investment Advisors
CIK 0002105389
Total reported value
$234.6M
76 stks
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Concentration29.8
Portfolio Stability11.1
Sector conviction63.1
AUM within 0.0% of this institution
View detail
TW
Trevian Wealth Management LLC
CIK 0001901929
Total reported value
$234.6M
45 stks
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Concentration98.5
Portfolio Stability16.4
Sector conviction93.1
AUM within 0.0% of this institution
View detail
CW
Core Wealth Partners LLC
CIK 0001965078
Total reported value
$234.7M
191 stks
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Concentration9.0
Portfolio Stability0.0
Sector conviction61.7
AUM within 0.0% of this institution
View detail
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Developer Access
Access Long Path Partners LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/long-path-partners-lpCLI
npx alphasmo institutions get long-path-partners-lp