SM
Santa Monica Partners LP
Concentrated strategySector-focusedQuality / disciplined sizing
Total reported value
$179.1M
Reporting period: 2026-03-31 · Number of holdings: 13
SANTA MONICA PARTNERS LP disclosed 13 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $179.1M and a quarterly turnover rate of 31.9%.
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 31.88
- Momentum/Contrarian
- 50
- Sector conviction
- 100
- Diversification
- 26
- Sizing Uniformity
- 83.15
Recent moves
Add TPLUSD
0.0% $30.3M
Trim MA
0.0% -$7.3M
Trim BCPC
-56.3% -$9.3M
Trim BR
0.0% -$2.5M
Trim 389930109
0.0% -$1.0M
Add BELFB
0.0% $1.9M
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 | TPLUSD | Texas Pacific Land Trust | Stock-Other | 42.91% | +14.70% | — | |
| 2 | MA | Mastercard INC - A | Stock-Financials | 28.50% | -6.87% | — | |
| 3 | BELFB | Bel Fuse Inc-cl B | Stock-Other | 7.47% | +0.51% | — | |
| 4 | GRMN | Garmin Ltd. | Stock-Tech | 5.28% | +0.27% | — | |
| 5 | BCPC | Balchem CORP | Stock-Materials | 4.83% | -6.04% | -56.27% | |
| 6 | BR | Broadridge Financial Solutio | Stock-Tech | 3.70% | -1.82% | — | |
| 7 | BELFA | Bel Fuse Inc-cl A | Stock-Other | 2.36% | +0.20% | — | |
| 8 | ✓ | Grayscale Bitcoin Trust ETF | ETF-Crypto | 1.91% | -0.78% | — | |
| 9 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.60% | -0.23% | — | |
| 10 | LB | Landbridge Co Llc-a | Stock-Other | 0.69% | +0.16% | — | |
| 11 | MCB | Metropolitan Bank Holding Co | Stock-Other | 0.36% | — | — | |
| 12 | BTCGBP | Grayscale Bitcoin Mini Trust | ETF-Crypto | 0.22% | -0.08% | — | |
| 13 | BNT | Brookfield Wealth Solutions Ltd. | Stock-Other | 0.16% | -0.03% | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 13 | $179.1M | 32 | |
| 2025-12-31 | 13 | $164.9M | 7 | |
| 2025-09-30 | 13 | $170.4M | 20 | |
| 2025-06-30 | 13 | $171.5M | 0 | |
| 2025-03-31 | 13 | $182.5M | 100 | |
| 2024-12-31 | 17 | $185.2M | 0 | |
| 2024-09-30 | 17 | $169.8M | 0 | |
| 2024-06-30 | 16 | $148.9M | 0 | |
| 2024-03-31 | 16 | $144.6M | 0 | |
| 2023-12-31 | 16 | $135.2M | 0 | |
| 2023-09-30 | 17 | $129.5M | 0 | |
| 2023-06-30 | 18 | $123.3M | 0 | |
| 2023-03-31 | 18 | $123.3M | 0 | |
| 2022-12-31 | 19 | $138.2M | 0 | |
| 2022-09-30 | 22 | $133.4M | 0 | |
| 2022-06-30 | 22 | $133.6M | 0 | |
| 2022-03-31 | 22 | $142.6M | 0 | |
| 2021-12-31 | 21 | $157.0M | 0 | |
| 2021-09-30 | 23 | $154.4M | 0 | |
| 2021-06-30 | 26 | $160.3M | 98 | |
| 2021-03-31 | 25 | $155.4M | 15 | |
| 2020-12-31 | 25 | $135.3M | 19 | |
| 2020-09-30 | 21 | $111.8M | 38 | |
| 2020-06-30 | 21 | $144.4M | 44 | |
| 2020-03-31 | 21 | $96.4M | 22 | |
| 2019-12-31 | 25 | $119.9M | 10 | |
| 2019-09-30 | 26 | $116.0M | 5 | |
| 2019-06-30 | 26 | $119.2M | 11 | |
| 2019-03-31 | 26 | $110.7M | 19 | |
| 2018-12-31 | 27 | $91.7M | 29 | |
| 2018-09-30 | 27 | $122.8M | 15 | |
| 2018-06-30 | 27 | $106.7M | 15 | |
| 2018-03-31 | 26 | $92.5M | 24 | |
| 2017-12-31 | 30 | $110.7M | 0 |
Holding changes this quarter
Santa Monica Partners LP's most significant position changes for 2026-03-31: Trim: Balchem CORP (BCPC) — shares -56.27%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TPLUSD | Texas Pacific Land Trust | +14.7% | — | Unchanged |
| 2 | BELFB | Bel Fuse Inc-cl B | +0.5% | — | Unchanged |
| 3 | GRMN | Garmin Ltd. | +0.3% | — | Unchanged |
| 4 | BELFA | Bel Fuse Inc-cl A | +0.2% | — | Unchanged |
| 5 | LB | Landbridge Co Llc-a | +0.2% | — | Unchanged |
| 6 | MCB | Metropolitan Bank Holding Co | — | — | Unchanged |
| 7 | BNT | Brookfield Wealth Solutions Ltd. | 0% | — | Unchanged |
| 8 | BTCGBP | Grayscale Bitcoin Mini Trust | -0.1% | — | Unchanged |
| 9 | BRK-A | Berkshire Hathaway Inc-cl A | -0.2% | — | Unchanged |
| 10 | ✓ | Grayscale Bitcoin Trust ETF | -0.8% | — | Unchanged |
| 11 | BR | Broadridge Financial Solutio | -1.8% | — | Unchanged |
| 12 | BCPC | Balchem CORP | -6% | -56.27% | Trim |
| 13 | MA | Mastercard INC - A | -6.9% | — | Unchanged |
FAQ
What is Santa Monica Partners LP and what type of investor is it?
Santa Monica Partners LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $179.1M, spread across 13 disclosed positions.
What are Santa Monica Partners LP's largest equity positions?
Based on the latest 13F filing, Santa Monica Partners LP's top holdings by market value are:
1. Texas Pacific Land Trust (TPLUSD) — $76.9M (42.9%)
2. Mastercard INC - A (MA) — $51.1M (28.5%)
3. Bel Fuse Inc-cl B (BELFB) — $13.4M (7.5%)
4. Garmin Ltd. (GRMN) — $9.5M (5.3%)
5. Balchem CORP (BCPC) — $8.7M (4.8%)
What changes did Santa Monica Partners LP make in its most recent portfolio filing?
In the latest quarter, Santa Monica Partners LP took a more defensive posture — trimming 1 positions and completely exiting 0 holdings. The largest of these moves: Trim: Balchem CORP (BCPC) — shares -56.27%
What sectors does Santa Monica Partners LP focus on?
Santa Monica Partners LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 67.3%
• Information Technology: 21.2%
• Materials: 11.4%