CIK: 0001968437
Total reported value
$406.4M
Reporting period: 2026-03-31 · Number of holdings: 294
Perbak Capital Partners LLP disclosed 294 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $406.4M and a quarterly turnover rate of 116.8%.
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Perbak Capital Partners LLP's disclosed holdings carry a Herfindahl concentration index of 0.044 — mathematically equivalent to about 23 equally-sized positions, well below its 294 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 3.46), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 48% 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.
Trim RSP
-82.1% -$51.0M
Trim SPY
-75.3% -$35.3M
Add XLI
+93.0% $37.6M
Trim KIE
-28.6% -$6.1M
Trim OIH
-47.4% -$4.7M
Trim SOXX
-50.1% -$3.8M
Showing top 200 holdings (of 294 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XLI | Ss Industrial Select Sector | ETF-Other | 18.38% | +7.05% | +93.02% | |
| 2 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 4.16% | +4.16% | NEW | |
| 3 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 4.02% | — | -3.96% | |
| 4 | OIH | Vaneck Oil Services ETF | ETF-Other | 3.39% | -2.24% | -47.37% | |
| 5 | KIE | Ss Spdr S&p Insurance ETF | ETF-Other | 2.83% | -2.54% | -28.60% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.74% | -16.22% | -82.13% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.68% | -11.42% | -75.27% | |
| 8 | VNQ | Vanguard Real Estate ETF | ETF-Other | 2.13% | +2.13% | NEW | |
| 9 | XLB | Ss Materials Select Sector | ETF-Other | 2.11% | +2.11% | NEW | |
| 10 | XLV | Ss Health Care Select Sector | ETF-Other | 2.10% | +2.10% | NEW | |
| 11 | BAH | Booz Allen Hamilton Holdings | Stock-Industrials | 1.51% | +1.51% | NEW | |
| 12 | SOXX | Ishares Semiconductor ETF | ETF-Other | 1.12% | -1.43% | -50.15% | |
| 13 | DKNG | Draftkings Inc-cl A | Stock-Consumer Disc | 1.01% | +0.08% | +116.61% | |
| 14 | XHB | Ss Spdr S&p Homebldrs ETF | ETF-Other | 0.99% | — | +3.70% | |
| 15 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.99% | +0.99% | NEW | |
| 16 | ACN | Accenture plc | Stock-Tech | 0.99% | +0.99% | NEW | |
| 17 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.93% | +0.93% | NEW | |
| 18 | GE | General Electric | Stock-Industrials | 0.83% | +0.83% | NEW | |
| 19 | GD | General Dynamics CORP | Stock-Industrials | 0.81% | +0.81% | NEW | |
| 20 | RTX | Rtx CORP | Stock-Industrials | 0.76% | +0.76% | NEW | |
| 21 | SARO | Standardaero INC | Stock-Other | 0.70% | +0.70% | NEW | |
| 22 | SLGN | Silgan Holdings INC | Stock-Consumer Disc | 0.63% | +0.63% | NEW | |
| 23 | PKG | Packaging CORP Of America | Stock-Consumer Disc | 0.53% | +0.39% | +355.22% | |
| 24 | NVT | nVent Electric plc | Stock-Industrials | 0.46% | +0.46% | NEW | |
| 25 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 0.45% | +0.45% | NEW | |
| 26 | LSTR | Landstar System INC | Stock-Industrials | 0.45% | +0.24% | +137.88% | |
| 27 | IP | International Paper Co | Stock-Consumer Disc | 0.45% | +0.45% | NEW | |
| 28 | CNC | Centene CORP | Stock-Healthcare | 0.45% | +0.45% | NEW | |
| 29 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.45% | — | +1.83% | |
| 30 | KTOS | Kratos Defense & Security | Stock-Industrials | 0.41% | +0.41% | NEW | |
| 31 | HUM | Humana INC | Stock-Healthcare | 0.39% | +0.39% | NEW | |
| 32 | CVS | Cvs Health CORP | Stock-Healthcare | 0.35% | +0.35% | NEW | |
| 33 | ADSK | Autodesk INC | Stock-Tech | 0.34% | +0.34% | NEW | |
| 34 | EXPD | Expeditors Intl Wash INC | Stock-Industrials | 0.31% | — | +79.59% | |
| 35 | PTC | Ptc INC | Stock-Tech | 0.31% | +0.31% | NEW | |
| 36 | GEV | GE Vernova INC | Stock-Industrials | 0.29% | — | -29.26% | |
| 37 | ALKS | Alkermes plc | Stock-Healthcare | 0.27% | +0.27% | NEW | |
| 38 | CHRW | C.h. Robinson Worldwide INC | Stock-Industrials | 0.26% | — | +37.42% | |
| 39 | RF | Regions Financial CORP | Stock-Financials | 0.26% | +0.26% | NEW | |
| 40 | CI | THE Cigna Group | Stock-Healthcare | 0.26% | +0.26% | NEW | |
| 41 | FNB | Fnb CORP | Stock-Financials | 0.26% | +0.26% | NEW | |
| 42 | MOH | Molina Healthcare INC | Stock-Healthcare | 0.25% | +0.25% | NEW | |
| 43 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.25% | — | +128.54% | |
| 44 | PJT | Pjt Partners INC - A | Stock-Financials | 0.25% | — | +222.04% | |
| 45 | HWC | Hancock Whitney CORP | Stock-Financials | 0.25% | +0.25% | NEW | |
| 46 | PB | Prosperity Bancshares INC | Stock-Financials | 0.25% | +0.25% | NEW | |
| 47 | GNW | Genworth Financial INC | Stock-Financials | 0.25% | — | — | |
| 48 | ESNT | Essent Group Ltd. | Stock-Financials | 0.25% | — | +153.94% | |
| 49 | SCI | Service CORP International | Stock-Consumer Disc | 0.25% | — | +125.95% | |
| 50 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.25% | — | +324.75% |
Performance for Q3 2026
+6.3%
Performance Last 4 Quarters
+19.1%
Based on 80% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 294 | $406.4M | 100 | |
| 2025-12-31 | 219 | $327.7M | 91 | |
| 2025-09-30 | 288 | $568.0M | 100 | |
| 2025-06-30 | 275 | $442.3M | 0 | |
| 2025-03-31 | 194 | $134.9M | 0 | |
| 2024-12-31 | 65 | $187.2M | 0 | |
| 2024-09-30 | 31 | $142.5M | 0 | |
| 2024-06-30 | 55 | $338.2M | 0 | |
| 2024-03-31 | 11 | $79.6M | 0 | |
| 2023-12-31 | 1 | — | 0 |
Perbak Capital Partners LLP's most significant position changes for 2026-03-31: New buy: Ss Consumer Disc Select Sect (XLY); New buy: Vanguard Real Estate ETF (VNQ); New buy: Ss Materials Select Sector (XLB); New buy: Ss Health Care Select Sector (XLV); New buy: Booz Allen Hamilton Holdings (BAH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLI | Ss Industrial Select Sector | +7.1% | +93.02% | Add |
| 2 | PKG | Packaging CORP Of America | +0.4% | +355.22% | Add |
| 3 | LSTR | Landstar System INC | +0.2% | +137.88% | Add |
| 4 | DKNG | Draftkings Inc-cl A | +0.1% | +116.61% | Add |
| 5 | RBC | RBC Bearings INC | -1.1% | -81.29% | Trim |
| 6 | SOXX | Ishares Semiconductor ETF | -1.4% | -50.15% | Trim |
| 7 | OIH | Vaneck Oil Services ETF | -2.2% | -47.37% | Trim |
| 8 | KIE | Ss Spdr S&p Insurance ETF | -2.5% | -28.60% | Trim |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | -11.4% | -75.27% | Trim |
| 10 | RSP | Invesco S&p 500 Equal Weight | -16.2% | -82.13% | Trim |
| 11 | XLY | Ss Consumer Disc Select Sect | — | NEW | New buy |
| 12 | VNQ | Vanguard Real Estate ETF | — | NEW | New buy |
| 13 | XLB | Ss Materials Select Sector | — | NEW | New buy |
| 14 | XLV | Ss Health Care Select Sector | — | NEW | New buy |
| 15 | BAH | Booz Allen Hamilton Holdings | — | NEW | New buy |
| 16 | XRT | Ss Spdr S&p Retail ETF | — | EXIT | Sold out |
| 17 | WAT | Waters CORP | — | EXIT | Sold out |
| 18 | QGEN | Qiagen N.V. | — | EXIT | Sold out |
| 19 | ILMN | Illumina INC | — | EXIT | Sold out |
| 20 | NOC | Northrop Grumman CORP | — | NEW | New buy |
| 21 | ACN | Accenture plc | — | NEW | New buy |
| 22 | DHR | Danaher CORP | — | EXIT | Sold out |
| 23 | LMT | Lockheed Martin CORP | — | NEW | New buy |
| 24 | MTD | Mettler-toledo International | — | EXIT | Sold out |
| 25 | LYV | Live Nation Entertainment In | — | EXIT | Sold out |
| 26 | GE | General Electric | — | NEW | New buy |
| 27 | BIO | Bio-rad Laboratories-a | — | EXIT | Sold out |
| 28 | GD | General Dynamics CORP | — | NEW | New buy |
| 29 | RTX | Rtx CORP | — | NEW | New buy |
| 30 | SARO | Standardaero INC | — | NEW | New buy |
| 31 | SLGN | Silgan Holdings INC | — | NEW | New buy |
| 32 | NVT | nVent Electric plc | — | NEW | New buy |
| 33 | MOD | Modine Manufacturing Co | — | NEW | New buy |
| 34 | IP | International Paper Co | — | NEW | New buy |
| 35 | CNC | Centene CORP | — | NEW | New buy |
| 36 | KTOS | Kratos Defense & Security | — | NEW | New buy |
| 37 | MTZ | Mastec INC | — | EXIT | Sold out |
| 38 | HUM | Humana INC | — | NEW | New buy |
| 39 | CVS | Cvs Health CORP | — | NEW | New buy |
| 40 | ADSK | Autodesk INC | — | NEW | New buy |
| 41 | PWR | Quanta Services INC | — | EXIT | Sold out |
| 42 | ETN | Eaton Corporation plc | — | EXIT | Sold out |
| 43 | PTC | Ptc INC | — | NEW | New buy |
| 44 | ALKS | Alkermes plc | — | NEW | New buy |
| 45 | RF | Regions Financial CORP | — | NEW | New buy |
| 46 | CI | THE Cigna Group | — | NEW | New buy |
| 47 | FNB | Fnb CORP | — | NEW | New buy |
| 48 | MOH | Molina Healthcare INC | — | NEW | New buy |
| 49 | HWC | Hancock Whitney CORP | — | NEW | New buy |
| 50 | PB | Prosperity Bancshares INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
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