Linonia Partnership LP 13F Portfolio Snapshot

Momentum followerQuality / disciplined sizingHigh-turnover trader

Total reported value

$5.4B

Reporting period: 2026-03-31 · Number of holdings: 14

Linonia Partnership LP disclosed 14 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.4B and a quarterly turnover rate of 58.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "L"

Personality snowflake

Concentration: 51.07
Portfolio Stability: 58.51
Momentum/Contrarian: 100
Sector conviction: 66.77
Diversification: 28
Sizing Uniformity: 90.79

Recent moves

Trim ECHO
-88.6%　-$583.7M
Trim SGI
+0.0%　-$134.5M
Trim GWRE
+42.7%　$66.3M
Add FWONK
+282.0%　$162.1M
Add VEEV
+75.9%　$240.0M
Trim FWONA
0.0%　-$23.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	GWRE	Guidewire Software INC	Stock-Tech	21.25%	-3.14%	+42.67%
2	VEEV	Veeva Systems Inc-class A	Stock-Healthcare	16.07%	+1.93%	+75.88%
3	NYT	New York Times Co-a	Stock-Comm Services	14.05%	+14.05%	NEW
4	SGI	Somnigroup International INC	Stock-Consumer Disc	12.06%	-5.67%	+0.05%
5	LLYVK	Liberty Live Holdings-c	Stock-Other	10.83%	+0.02%	+7.76%
6	TW	Tradeweb Markets Inc-class A	Stock-Financials	6.10%	+6.10%	NEW
7	FWONK	Liberty Media Corp-formula-c	Stock-Comm Services	4.32%	+2.72%	+281.99%
8	LLYVA	Liberty Live Holdings-a	Stock-Other	4.25%	-0.36%	—
9	MELI	Mercadolibre INC	Stock-Consumer Disc	4.18%	+4.18%	NEW
10	FWONA	Liberty Media Corp-formula-a	Stock-Other	3.07%	-1.21%	—
11	LYV	Live Nation Entertainment In	Stock-Comm Services	1.91%	-0.26%	—
12	ECHO	Echostar Corp-a	Stock-Comm Services	1.51%	-13.54%	-88.63%
13	TDG	Transdigm Group INC	Stock-Industrials	0.24%	-0.09%	—
14	SHAK	Shake Shack INC - Class A	Stock-Consumer Disc	0.16%	-0.02%	—

Portfolio Performance

Performance for Q3 2026

+8.6%

Performance Last 4 Quarters

-15.6%

Stdev: +20.2%
Beta: +0.8
Alpha: -3%
Max Drawdown: -26.9%
Annualized Perf: +9.7%
Batting Avg vs S&P: +48.3%
Sortino: +0.94
Stutzer: +0.16
Treynor: +0.14
Sterling: +0.36
Calmar: +0.36
Information Ratio: -0.37
Tracking Error: +17.9%
Stdev Down: +12%
Winning Months %: +44.8%
Losing Months %: +55.2%
Best 12 Months: +54.3%
Worst 12 Months: -21.3%
Efficiency Ratio: +0.19
Sharpe: +0.56
Stdev Sectors: +9.7%
Skewness: -0.04
Kurtosis: -0.25
Upside Potential: +2.78

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	14	$5.4B	59	1GWRE 2VEEV 3NYT Top holdings2026-03-31 1.GWRE 2.VEEV 3.NYT 4.SGI 5.LLYVK 6.TW 7.FWONK 8.LLYVA 9.MELI 10.FWONA
2025-12-31	12	$4.4B	67	1GWRE 2SGI 3ECHO Top holdings2025-12-31 1.GWRE 2.SGI 3.ECHO 4.VEEV 5.LLYVK 6.FICO 7.LLYVA 8.FWONA 9.LYV 10.FWONK
2025-09-30	10	$3.8B	42	1GWRE 2VEEV 3SGI Top holdings2025-09-30 1.GWRE 2.VEEV 3.SGI 4.LLYVK* 5.LLYVA* 6.FWONA 7.LYV 8.FWONK 9.TDG 10.SHAK
2025-06-30	10	$3.1B	0	1GWRE 2SGI 3VEEV Top holdings2025-06-30 1.GWRE 2.SGI 3.VEEV 4.LLYVK* 5.FWONA 6.LLYVA* 7.LYV 8.FWONK 9.TDG 10.SHAK
2025-03-31	10	$2.5B	0	1GWRE 2SGI 3VEEV Top holdings2025-03-31 1.GWRE 2.SGI 3.VEEV 4.LLYVK* 5.FWONA 6.LLYVA* 7.FWONK 8.LYV 9.TDG 10.SHAK
2024-12-31	9	$1.9B	0	1GWRE 2LLYVK3SGI Top holdings2024-12-31 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONA 6.LLYVA* 7.FWONK 8.TDG 9.SHAK
2024-09-30	9	$1.6B	0	1GWRE 2LLYVK3SGI Top holdings2024-09-30 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONA 6.LLYVA* 7.FWONK 8.TDG 9.SHAK
2024-06-30	11	$1.3B	0	1GWRE 2LLYVK3SGI Top holdings2024-06-30 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONK 6.TDG 7.LLYVA* 8.FWONA 9.SHAK 10.WMG
2024-03-31	11	$1.1B	0	1GWRE 2VEEV 3SGI Top holdings2024-03-31 1.GWRE 2.VEEV 3.SGI 4.TDG 5.FWONK 6.LLYVK* 7.LLYVA* 8.SHAK 9.FWONA 10.PCOR
2023-12-31	10	$757.7M	0	1GWRE 2VEEV 3SGI Top holdings2023-12-31 1.GWRE 2.VEEV 3.SGI 4.TDG 5.FWONK 6.SHAK 7.PCOR 8.FWONA 9.LLYVK* 10.LLYVA*

Holding changes this quarter

Linonia Partnership LP's most significant position changes for 2026-03-31: New buy: New York Times Co-a (NYT); New buy: Tradeweb Markets Inc-class A (TW); New buy: Mercadolibre INC (MELI); Sold out: Fair Isaac CORP (FICO); Trim: Echostar Corp-a (ECHO) — shares -88.63%.

Position changes disclosed by Linonia Partnership LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FWONK	Liberty Media Corp-formula-c	+2.7%	+281.99%	Add
2	VEEV	Veeva Systems Inc-class A	+1.9%	+75.88%	Add
3	LLYVK	Liberty Live Holdings-c	0%	+7.76%	Add
4	SHAK	Shake Shack INC - Class A	0%	—	Unchanged
5	TDG	Transdigm Group INC	-0.1%	—	Unchanged
6	LYV	Live Nation Entertainment In	-0.3%	—	Unchanged
7	LLYVA	Liberty Live Holdings-a	-0.4%	—	Unchanged
8	FWONA	Liberty Media Corp-formula-a	-1.2%	—	Unchanged
9	GWRE	Guidewire Software INC	-3.1%	+42.67%	Add
10	SGI	Somnigroup International INC	-5.7%	+0.05%	Add
11	ECHO	Echostar Corp-a	-13.5%	-88.63%	Trim
12	NYT	New York Times Co-a	—	NEW	New buy
13	TW	Tradeweb Markets Inc-class A	—	NEW	New buy
14	MELI	Mercadolibre INC	—	NEW	New buy
15	FICO	Fair Isaac CORP	—	EXIT	Sold out

FAQ

What is Linonia Partnership LP and what type of investor is it?

Linonia Partnership 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 $5.4B, spread across 14 disclosed positions.

What are Linonia Partnership LP's largest equity positions?

Based on the latest 13F filing, Linonia Partnership LP's top holdings by market value are: 1. Guidewire Software INC (GWRE) — $1.1B (21.3%) 2. Veeva Systems Inc-class A (VEEV) — $865.1M (16.1%) 3. New York Times Co-a (NYT) — $756.4M (14.1%) 4. Somnigroup International INC (SGI) — $649.2M (12.1%) 5. Liberty Live Holdings-c (LLYVK) — $582.8M (10.8%)

What changes did Linonia Partnership LP make in its most recent portfolio filing?

In the latest reported quarter, Linonia Partnership LP made 10 notable position adjustments: 3 new positions were initiated, 5 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: New York Times Co-a (NYT); New buy: Tradeweb Markets Inc-class A (TW); New buy: Mercadolibre INC (MELI); Sold out: Fair Isaac CORP (FICO); Trim: Echostar Corp-a (ECHO) — shares -88.63%

What sectors does Linonia Partnership LP focus on?

Linonia Partnership LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 26.6% • Information Technology: 26.0% • Consumer Discretionary: 20.0% • Health Care: 19.6% • Financials: 7.5% • Industrials: 0.3%

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Linonia Partnership LP 13F Portfolio Snapshot

Momentum followerQuality / disciplined sizingHigh-turnover trader

Total reported value

$5.4B

Reporting period: 2026-03-31 · Number of holdings: 14

Linonia Partnership LP disclosed 14 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.4B and a quarterly turnover rate of 58.5%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "L"

Personality snowflake

Concentration: 51.07
Portfolio Stability: 58.51
Momentum/Contrarian: 100
Sector conviction: 66.77
Diversification: 28
Sizing Uniformity: 90.79

Recent moves

Trim ECHO
-88.6%　-$583.7M
Trim SGI
+0.0%　-$134.5M
Trim GWRE
+42.7%　$66.3M
Add FWONK
+282.0%　$162.1M
Add VEEV
+75.9%　$240.0M
Trim FWONA
0.0%　-$23.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	GWRE	Guidewire Software INC	Stock-Tech	21.25%	-3.14%	+42.67%
2	VEEV	Veeva Systems Inc-class A	Stock-Healthcare	16.07%	+1.93%	+75.88%
3	NYT	New York Times Co-a	Stock-Comm Services	14.05%	+14.05%	NEW
4	SGI	Somnigroup International INC	Stock-Consumer Disc	12.06%	-5.67%	+0.05%
5	LLYVK	Liberty Live Holdings-c	Stock-Other	10.83%	+0.02%	+7.76%
6	TW	Tradeweb Markets Inc-class A	Stock-Financials	6.10%	+6.10%	NEW
7	FWONK	Liberty Media Corp-formula-c	Stock-Comm Services	4.32%	+2.72%	+281.99%
8	LLYVA	Liberty Live Holdings-a	Stock-Other	4.25%	-0.36%	—
9	MELI	Mercadolibre INC	Stock-Consumer Disc	4.18%	+4.18%	NEW
10	FWONA	Liberty Media Corp-formula-a	Stock-Other	3.07%	-1.21%	—
11	LYV	Live Nation Entertainment In	Stock-Comm Services	1.91%	-0.26%	—
12	ECHO	Echostar Corp-a	Stock-Comm Services	1.51%	-13.54%	-88.63%
13	TDG	Transdigm Group INC	Stock-Industrials	0.24%	-0.09%	—
14	SHAK	Shake Shack INC - Class A	Stock-Consumer Disc	0.16%	-0.02%	—

Portfolio Performance

Performance for Q3 2026

+8.6%

Performance Last 4 Quarters

-15.6%

Stdev: +20.2%
Beta: +0.8
Alpha: -3%
Max Drawdown: -26.9%
Annualized Perf: +9.7%
Batting Avg vs S&P: +48.3%
Sortino: +0.94
Stutzer: +0.16
Treynor: +0.14
Sterling: +0.36
Calmar: +0.36
Information Ratio: -0.37
Tracking Error: +17.9%
Stdev Down: +12%
Winning Months %: +44.8%
Losing Months %: +55.2%
Best 12 Months: +54.3%
Worst 12 Months: -21.3%
Efficiency Ratio: +0.19
Sharpe: +0.56
Stdev Sectors: +9.7%
Skewness: -0.04
Kurtosis: -0.25
Upside Potential: +2.78

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	14	$5.4B	59	1GWRE 2VEEV 3NYT Top holdings2026-03-31 1.GWRE 2.VEEV 3.NYT 4.SGI 5.LLYVK 6.TW 7.FWONK 8.LLYVA 9.MELI 10.FWONA
2025-12-31	12	$4.4B	67	1GWRE 2SGI 3ECHO Top holdings2025-12-31 1.GWRE 2.SGI 3.ECHO 4.VEEV 5.LLYVK 6.FICO 7.LLYVA 8.FWONA 9.LYV 10.FWONK
2025-09-30	10	$3.8B	42	1GWRE 2VEEV 3SGI Top holdings2025-09-30 1.GWRE 2.VEEV 3.SGI 4.LLYVK* 5.LLYVA* 6.FWONA 7.LYV 8.FWONK 9.TDG 10.SHAK
2025-06-30	10	$3.1B	0	1GWRE 2SGI 3VEEV Top holdings2025-06-30 1.GWRE 2.SGI 3.VEEV 4.LLYVK* 5.FWONA 6.LLYVA* 7.LYV 8.FWONK 9.TDG 10.SHAK
2025-03-31	10	$2.5B	0	1GWRE 2SGI 3VEEV Top holdings2025-03-31 1.GWRE 2.SGI 3.VEEV 4.LLYVK* 5.FWONA 6.LLYVA* 7.FWONK 8.LYV 9.TDG 10.SHAK
2024-12-31	9	$1.9B	0	1GWRE 2LLYVK3SGI Top holdings2024-12-31 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONA 6.LLYVA* 7.FWONK 8.TDG 9.SHAK
2024-09-30	9	$1.6B	0	1GWRE 2LLYVK3SGI Top holdings2024-09-30 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONA 6.LLYVA* 7.FWONK 8.TDG 9.SHAK
2024-06-30	11	$1.3B	0	1GWRE 2LLYVK3SGI Top holdings2024-06-30 1.GWRE 2.LLYVK 3.SGI 4.VEEV 5.FWONK 6.TDG 7.LLYVA* 8.FWONA 9.SHAK 10.WMG
2024-03-31	11	$1.1B	0	1GWRE 2VEEV 3SGI Top holdings2024-03-31 1.GWRE 2.VEEV 3.SGI 4.TDG 5.FWONK 6.LLYVK* 7.LLYVA* 8.SHAK 9.FWONA 10.PCOR
2023-12-31	10	$757.7M	0	1GWRE 2VEEV 3SGI Top holdings2023-12-31 1.GWRE 2.VEEV 3.SGI 4.TDG 5.FWONK 6.SHAK 7.PCOR 8.FWONA 9.LLYVK* 10.LLYVA*

Holding changes this quarter

Position changes disclosed by Linonia Partnership LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	FWONK	Liberty Media Corp-formula-c	+2.7%	+281.99%	Add
2	VEEV	Veeva Systems Inc-class A	+1.9%	+75.88%	Add
3	LLYVK	Liberty Live Holdings-c	0%	+7.76%	Add
4	SHAK	Shake Shack INC - Class A	0%	—	Unchanged
5	TDG	Transdigm Group INC	-0.1%	—	Unchanged
6	LYV	Live Nation Entertainment In	-0.3%	—	Unchanged
7	LLYVA	Liberty Live Holdings-a	-0.4%	—	Unchanged
8	FWONA	Liberty Media Corp-formula-a	-1.2%	—	Unchanged
9	GWRE	Guidewire Software INC	-3.1%	+42.67%	Add
10	SGI	Somnigroup International INC	-5.7%	+0.05%	Add
11	ECHO	Echostar Corp-a	-13.5%	-88.63%	Trim
12	NYT	New York Times Co-a	—	NEW	New buy
13	TW	Tradeweb Markets Inc-class A	—	NEW	New buy
14	MELI	Mercadolibre INC	—	NEW	New buy
15	FICO	Fair Isaac CORP	—	EXIT	Sold out