PI
Pb Investment Partners, L.p. — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Pb Investment Partners, L.p.CIK: 0001910391
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$150.2M
Reporting period: 2026-06-30 · Number of holdings: 9
PB INVESTMENT PARTNERS, L.P. disclosed 9 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $150.2M and a quarterly turnover rate of 24.2%.
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Personality snowflake
- Concentration
- 60.42
- Portfolio Stability
- 24.21
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 18
- Sizing Uniformity
- 93.64
Pb Investment Partners, L.p.'s disclosed holdings carry a Herfindahl concentration index of 0.151 — mathematically equivalent to about 7 equally-sized positions, close to its 9 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 0.64), 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 8.7 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 65% 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.govSold out GBTG
Add NICE
+184.9% $6.5M
Add HGV
0.0% $9.5M
Trim BLK
0.0% -$2.8K
Add NAVN
-3.1% $3.5M
Trim APO
0.0% $1.3M
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 | HGV | Hilton Grand Vacations Inc | Stock-Other | 24.99% | +2.92% | — | |
| 2 | COF | Capital One Financial CORP | Stock-Financials | 18.05% | -1.09% | +1.39% | |
| 3 | APO | Apollo Global Management Inc | Stock-Financials | 14.89% | -1.69% | — | |
| 4 | BLK | Blackrock Inc | Stock-Financials | 12.09% | -2.20% | — | |
| 5 | OMF | Onemain Holdings Inc | Stock-Financials | 8.12% | -0.30% | — | |
| 6 | NICE | Nice LTD - Spon Adr | Stock-Tech | 7.51% | +3.73% | +184.93% | |
| 7 | NAVN | Navan Inc-cl A | Stock-Other | 5.74% | +1.69% | -3.06% | |
| 8 | WLTH | Wealthfront CORP | Stock-Other | 4.34% | +1.10% | +63.66% | |
| 9 | BAC | Bank Of America CORP | Stock-Financials | 4.28% | -0.05% | — |
Portfolio Performance
Performance for Q3 2026
+4.5%
Performance Last 4 Quarters
+1.1%
- Stdev
- +20.1%
- Beta
- +1.07
- Alpha
- +0.5%
- Max Drawdown
- -17.8%
- Annualized Perf
- +21.9%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.08
- Stutzer
- +0.32
- Treynor
- +0.2
- Sterling
- +1.01
- Calmar
- +1.22
- Information Ratio
- +0.13
- Tracking Error
- +14.7%
- Stdev Down
- +10.5%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +65.5%
- Worst 12 Months
- -5.7%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.09
- Stdev Sectors
- +38.4%
- Skewness
- +0.11
- Kurtosis
- -0.22
- Upside Potential
- +3.83
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 9 | $150.2M | 24 | ||
| 2026 Q1 | 10 | $127.1M | 40 | ||
| 2025 Q4 | 9 | $157.4M | 13 | ||
| 2025 Q3 | 8 | $147.3M | 33 | ||
| 2025 Q2 | 8 | $147.0M | 0 | ||
| 2025 Q1 | 8 | $126.3M | 0 | ||
| 2024 Q4 | 8 | $133.5M | 0 | ||
| 2024 Q3 | 8 | $117.7M | 0 | ||
| 2024 Q2 | 9 | $123.2M | 0 | ||
| 2024 Q1 | 8 | $132.7M | 0 | ||
| 2023 Q4 | 8 | $128.1M | 0 | ||
| 2023 Q3 | 9 | $117.1M | 0 | ||
| 2023 Q2 | 10 | $116.9M | 0 | ||
| 2023 Q1 | 12 | $113.8M | 0 | ||
| 2022 Q4 | 11 | $114.1M | 0 | ||
| 2022 Q3 | 10 | $101.5M | 0 | ||
| 2022 Q2 | 9 | $112.3M | 0 | ||
| 2022 Q1 | 8 | $129.8M | 0 | ||
| 2021 Q4 | 9 | $128.7M | 0 |
Holding changes this quarter
Pb Investment Partners, L.p.'s most significant position changes for 2026-06-30: Sold out: Global Business Travel Group (GBTG); Add: Nice LTD - Spon Adr (NICE) — shares +184.93%; Trim: Navan Inc-cl A (NAVN) — shares -3.06%; Add: Wealthfront CORP (WLTH) — shares +63.66%; Add: Capital One Financial CORP (COF) — shares +1.39%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NICE | Nice LTD - Spon Adr | +3.7% | +184.93% | Add |
| 2 | HGV | Hilton Grand Vacations Inc | +2.9% | — | Unchanged |
| 3 | NAVN | Navan Inc-cl A | +1.7% | -3.06% | Trim |
| 4 | WLTH | Wealthfront CORP | +1.1% | +63.66% | Add |
| 5 | BAC | Bank Of America CORP | -0.1% | — | Unchanged |
| 6 | OMF | Onemain Holdings Inc | -0.3% | — | Unchanged |
| 7 | COF | Capital One Financial CORP | -1.1% | +1.39% | Add |
| 8 | APO | Apollo Global Management Inc | -1.7% | — | Unchanged |
| 9 | BLK | Blackrock Inc | -2.2% | — | Unchanged |
| 10 | GBTG | Global Business Travel Group | -4.1% | EXIT | Sold out |
Filing History
FAQ
What is Pb Investment Partners, L.p. and what type of investor is it?
Pb Investment 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 $150.2M, spread across 9 disclosed positions.
What are Pb Investment Partners, L.p.'s largest equity positions?
Based on the latest 13F filing, Pb Investment Partners, L.p.'s top holdings by market value are:
1. Hilton Grand Vacations Inc (HGV) — $37.5M (25.0%)
2. Capital One Financial CORP (COF) — $27.1M (18.1%)
3. Apollo Global Management Inc (APO) — $22.4M (14.9%)
4. Blackrock Inc (BLK) — $18.2M (12.1%)
5. Onemain Holdings Inc (OMF) — $12.2M (8.1%)
What changes did Pb Investment Partners, L.p. make in its most recent portfolio filing?
In the latest reported quarter, Pb Investment Partners, L.p. made 5 notable position adjustments: 0 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: Global Business Travel Group (GBTG); Add: Nice LTD - Spon Adr (NICE) — shares +184.93%; Trim: Navan Inc-cl A (NAVN) — shares -3.06%; Add: Wealthfront CORP (WLTH) — shares +63.66%; Add: Capital One Financial CORP (COF) — shares +1.39%
What sectors does Pb Investment Partners, L.p. focus on?
Pb Investment Partners, L.p. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 88.4%
• Information Technology: 11.6%
* 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.
Investment Profile
Pb Investment Partners, L.p. returned an annualized 21.9% over the trailing 36 months — outperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 56% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 88.4% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 24 over the past 4 quarters — a shift toward more active trading.
It has added to its NICE position for two straight quarters, increasing it by $7.8M to reach $11.3M.
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Developer Access
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