PC

P2 Capital Partners, LLC

Sector-focusedContrarianHigh-turnover trader

Total reported value

$209.9M

Reporting period: 2026-03-31 · Number of holdings: 10

P2 Capital Partners, LLC disclosed 10 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $209.9M and a quarterly turnover rate of 87.8%.

Personality snowflake

Concentration
48.77
Portfolio Stability
87.77
Momentum/Contrarian
0
Sector conviction
100
Diversification
20
Sizing Uniformity
95.07

Recent moves

  • Trim CBZ

    -35.7%　-$58.8M

  • Trim JBTM

    -49.9%　-$39.0M

  • Add HSIC

    -17.2%　-$5.3M

  • Trim LIVN

    -70.5%　-$21.1M

  • Trim ZETA

    -46.2%　-$20.0M

  • Trim BLKB

    -23.4%　-$21.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1ACHCAcadia Healthcare Co INCStock-Other19.77%+19.77%NEW
2CBZCbiz INCStock-Other14.59%-8.33%-35.68%
3JBTMJbt Marel CORPStock-Industrials13.73%-3.64%-49.89%
4HSICHenry Schein INCStock-Healthcare10.51%+3.51%-17.22%
5TNCTennant CoStock-Other9.62%+0.46%-37.27%
6BLKBBlackbaud INCStock-Other8.88%-1.34%-23.39%
7MSAMsa Safety INCStock-Industrials8.07%+0.45%-44.38%
8ZETAZeta Global Holdings Corp-aStock-Tech6.94%-1.92%-46.18%
9LIVNLivaNova PLCStock-Other4.41%-3.38%-70.49%
10ENOVEnovis CORPStock-Other3.47%-0.59%-46.22%

Holding changes this quarter

P2 Capital Partners, LLC's most significant position changes for 2026-03-31: New buy: Acadia Healthcare Co INC (ACHC); Sold out: Avient CORP (AVNT); Trim: Cbiz INC (CBZ) — shares -35.68%; Trim: Jbt Marel CORP (JBTM) — shares -49.89%; Trim: Henry Schein INC (HSIC) — shares -17.22%.

Position changes disclosed by P2 Capital Partners, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1HSICHenry Schein INC+3.5%-17.22%Trim
2TNCTennant Co+0.5%-37.27%Trim
3MSAMsa Safety INC+0.5%-44.38%Trim
4ENOVEnovis CORP-0.6%-46.22%Trim
5BLKBBlackbaud INC-1.3%-23.39%Trim
6ZETAZeta Global Holdings Corp-a-1.9%-46.18%Trim
7LIVNLivaNova PLC-3.4%-70.49%Trim
8JBTMJbt Marel CORP-3.6%-49.89%Trim
9CBZCbiz INC-8.3%-35.68%Trim
10ACHCAcadia Healthcare Co INC—NEWNew buy
11AVNTAvient CORP—EXITSold out

FAQ

What is P2 Capital Partners, LLC and what type of investor is it?
P2 Capital Partners, LLC 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 $209.9M, spread across 10 disclosed positions.
What are P2 Capital Partners, LLC's largest equity positions?
Based on the latest 13F filing, P2 Capital Partners, LLC's top holdings by market value are: 1. Acadia Healthcare Co INC (ACHC) — $41.5M (19.8%) 2. Cbiz INC (CBZ) — $30.6M (14.6%) 3. Jbt Marel CORP (JBTM) — $28.8M (13.7%) 4. Henry Schein INC (HSIC) — $22.1M (10.5%) 5. Tennant Co (TNC) — $20.2M (9.6%)
What changes did P2 Capital Partners, LLC make in its most recent portfolio filing?
In the latest reported quarter, P2 Capital Partners, LLC made 11 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 9 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Acadia Healthcare Co INC (ACHC); Sold out: Avient CORP (AVNT); Trim: Cbiz INC (CBZ) — shares -35.68%; Trim: Jbt Marel CORP (JBTM) — shares -49.89%; Trim: Henry Schein INC (HSIC) — shares -17.22%
What sectors does P2 Capital Partners, LLC focus on?
P2 Capital Partners, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 55.5% • Health Care: 26.8% • Information Technology: 17.7%