CIK: 0001911637
Total reported value
$135.9M
Reporting period: 2026-03-31 · Number of holdings: 76
Sovereign's Capital Management, LLC disclosed 76 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $135.9M and a quarterly turnover rate of 37.4%.
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Sovereign's Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.024 — mathematically equivalent to about 42 equally-sized positions, well below its 76 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.90), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add PAYC
+69.1% $1.2M
Add VST
+29.9% $1.0M
Trim OPCH
-45.4% -$2.7M
Trim LCII
-46.9% -$2.9M
Trim GEF
-57.3% -$2.4M
Add LOPE
+10.0% $633.6K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FISV | Fiserv INC | Stock-Other | 4.29% | +0.22% | +4.47% | |
| 2 | VST | Vistra CORP | Stock-Utilities | 4.26% | +1.36% | +29.90% | |
| 3 | LOPE | Grand Canyon Education INC | Stock-Consumer Staples | 4.21% | +1.13% | +9.98% | |
| 4 | MOH | Molina Healthcare INC | Stock-Healthcare | 4.08% | -0.48% | -3.85% | |
| 5 | PAYC | Paycom Software INC | Stock-Tech | 3.90% | +1.41% | +69.07% | |
| 6 | ALKT | Alkami Technology INC | Stock-Other | 3.77% | +0.51% | +40.10% | |
| 7 | EEFT | Euronet Worldwide INC | Stock-Tech | 3.35% | +0.80% | +23.92% | |
| 8 | NSP | Insperity INC | Stock-Other | 3.29% | -0.76% | -4.11% | |
| 9 | PRI | Primerica INC | Stock-Financials | 3.02% | +0.36% | -3.59% | |
| 10 | SPSC | Sps Commerce INC | Stock-Tech | 2.87% | +0.15% | +39.29% | |
| 11 | AFG | American Financial Group INC | Stock-Financials | 2.77% | +0.22% | -4.04% | |
| 12 | UPS | United Parcel Service-cl B | Stock-Industrials | 2.63% | -0.61% | -32.74% | |
| 13 | AJG | Arthur J Gallagher & Co | Stock-Financials | 2.55% | +0.81% | +44.46% | |
| 14 | PLOW | Douglas Dynamics INC | Stock-Other | 2.50% | -0.05% | -37.43% | |
| 15 | USPH | U.s. Physical Therapy INC | Stock-Other | 2.49% | +0.27% | -3.90% | |
| 16 | LCII | Lci Industries | Stock-Consumer Disc | 2.47% | -1.32% | -46.91% | |
| 17 | PCTY | Paylocity Holding CORP | Stock-Tech | 2.20% | +0.09% | +21.39% | |
| 18 | PGR | Progressive CORP | Stock-Financials | 2.09% | +0.04% | -3.39% | |
| 19 | FIS | Fidelity National Info Serv | Stock-Tech | 2.08% | +2.08% | NEW | |
| 20 | CBRE | Cbre Group INC - A | Stock-Real Estate | 2.02% | -0.04% | -4.03% | |
| 21 | RJF | Raymond James Financial INC | Stock-Financials | 1.94% | +0.10% | -3.61% | |
| 22 | ANET | Arista Networks INC | Stock-Tech | 1.87% | +0.17% | -2.92% | |
| 23 | TFIN | Triumph Financial INC | Stock-Other | 1.75% | +0.18% | -3.87% | |
| 24 | OPCH | Option Care Health INC | Stock-Healthcare | 1.70% | -1.34% | -45.44% | |
| 25 | CSCO | Cisco Systems INC | Stock-Tech | 1.64% | -0.13% | -24.40% | |
| 26 | TRIN | Trinity Capital INC | Stock-Other | 1.50% | — | +0.46% | |
| 27 | RPAY | Repay Holdings CORP | Stock-Other | 1.49% | -0.30% | -3.86% | |
| 28 | GEF | Greif Inc-cl A | Stock-Other | 1.32% | -1.25% | -57.32% | |
| 29 | ZBH | Zimmer Biomet Holdings INC | Stock-Healthcare | 1.20% | +1.20% | NEW | |
| 30 | LPLA | Lpl Financial Holdings INC | Stock-Financials | 1.18% | +1.18% | NEW | |
| 31 | FRMI | Fermi INC | Stock-Other | 1.14% | -0.20% | -3.82% | |
| 32 | COKE | Coca-cola Consolidated INC | Stock-Consumer Staples | 1.02% | +0.32% | -4.16% | |
| 33 | MLR | Miller Industries Inc/tenn | Stock-Other | 0.97% | — | -6.88% | |
| 34 | DIOD | Diodes INC | Stock-Other | 0.95% | +0.34% | -6.94% | |
| 35 | NEE | Nextera Energy INC | Stock-Utilities | 0.94% | — | -6.95% | |
| 36 | AZZ | Azz INC | Stock-Industrials | 0.89% | — | -6.92% | |
| 37 | NOW | Servicenow INC | Stock-Tech | 0.84% | +0.84% | NEW | |
| 38 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 0.84% | -0.01% | -25.76% | |
| 39 | SFM | Sprouts Farmers Market INC | Stock-Consumer Staples | 0.79% | +0.51% | +136.69% | |
| 40 | SITE | Siteone Landscape Supply INC | Stock-Industrials | 0.78% | — | -6.98% | |
| 41 | HCSG | Healthcare Services Group | Stock-Other | 0.71% | -0.65% | -55.69% | |
| 42 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.67% | — | -6.89% | |
| 43 | SPGI | S&p Global INC | Stock-Financials | 0.66% | — | +35.68% | |
| 44 | CSW | Csw Industrials INC | Stock-Industrials | 0.66% | — | -7.09% | |
| 45 | QCOM | Qualcomm INC | Stock-Tech | 0.65% | +0.36% | +142.06% | |
| 46 | NTAP | Netapp INC | Stock-Tech | 0.60% | — | -3.49% | |
| 47 | CME | Cme Group INC | Stock-Financials | 0.59% | — | -6.58% | |
| 48 | COLM | Columbia Sportswear Co | Stock-Other | 0.57% | -0.22% | -40.23% | |
| 49 | WMT | Walmart INC | Stock-Consumer Staples | 0.57% | — | -6.83% | |
| 50 | APA | Apa CORP | Stock-Energy | 0.55% | +0.27% | -6.97% |
Performance for Q3 2026
+6%
Performance Last 4 Quarters
-7.3%
Based on 66% of reported portfolio value with available pricing
Sovereign's Capital Management, LLC's most significant position changes for 2026-03-31: Sold out: Amicus Therapeutics INC (AM6); New buy: Fidelity National Info Serv (FIS); Sold out: Capital Southwest CORP (CSWC); New buy: Zimmer Biomet Holdings INC (ZBH); New buy: Lpl Financial Holdings INC (LPLA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PAYC | Paycom Software INC | +1.4% | +69.07% | Add |
| 2 | VST | Vistra CORP | +1.4% | +29.90% | Add |
| 3 | LOPE | Grand Canyon Education INC | +1.1% | +9.98% | Add |
| 4 | AJG | Arthur J Gallagher & Co | +0.8% | +44.46% | Add |
| 5 | EEFT | Euronet Worldwide INC | +0.8% | +23.92% | Add |
| 6 | SFM | Sprouts Farmers Market INC | +0.5% | +136.69% | Add |
| 7 | ALKT | Alkami Technology INC | +0.5% | +40.10% | Add |
| 8 | QCOM | Qualcomm INC | +0.4% | +142.06% | Add |
| 9 | PRI | Primerica INC | +0.4% | -3.59% | Trim |
| 10 | DIOD | Diodes INC | +0.3% | -6.94% | Trim |
| 11 | COKE | Coca-cola Consolidated INC | +0.3% | -4.16% | Trim |
| 12 | APA | Apa CORP | +0.3% | -6.97% | Trim |
| 13 | USPH | U.s. Physical Therapy INC | +0.3% | -3.90% | Trim |
| 14 | FISV | Fiserv INC | +0.2% | +4.47% | Add |
| 15 | AFG | American Financial Group INC | +0.2% | -4.04% | Trim |
| 16 | TFIN | Triumph Financial INC | +0.2% | -3.87% | Trim |
| 17 | ANET | Arista Networks INC | +0.2% | -2.92% | Trim |
| 18 | SPSC | Sps Commerce INC | +0.2% | +39.29% | Add |
| 19 | RJF | Raymond James Financial INC | +0.1% | -3.61% | Trim |
| 20 | PCTY | Paylocity Holding CORP | +0.1% | +21.39% | Add |
| 21 | PGR | Progressive CORP | 0% | -3.39% | Trim |
| 22 | TSN | Tyson Foods Inc-cl A | 0% | -25.76% | Trim |
| 23 | CBRE | Cbre Group INC - A | 0% | -4.03% | Trim |
| 24 | PLOW | Douglas Dynamics INC | -0.1% | -37.43% | Trim |
| 25 | HRB | H&r Block INC | -0.1% | -6.90% | Trim |
| 26 | EME | Emcor Group INC | -0.1% | -58.44% | Trim |
| 27 | QRVO | Qorvo INC | -0.1% | -33.76% | Trim |
| 28 | CSCO | Cisco Systems INC | -0.1% | -24.40% | Trim |
| 29 | VRRM | Verra Mobility CORP | -0.2% | -6.94% | Trim |
| 30 | FRMI | Fermi INC | -0.2% | -3.82% | Trim |
| 31 | COLM | Columbia Sportswear Co | -0.2% | -40.23% | Trim |
| 32 | RPAY | Repay Holdings CORP | -0.3% | -3.86% | Trim |
| 33 | RMD | Resmed INC | -0.3% | -72.20% | Trim |
| 34 | MOH | Molina Healthcare INC | -0.5% | -3.85% | Trim |
| 35 | UPS | United Parcel Service-cl B | -0.6% | -32.74% | Trim |
| 36 | HCSG | Healthcare Services Group | -0.7% | -55.69% | Trim |
| 37 | NSP | Insperity INC | -0.8% | -4.11% | Trim |
| 38 | GEF | Greif Inc-cl A | -1.3% | -57.32% | Trim |
| 39 | LCII | Lci Industries | -1.3% | -46.91% | Trim |
| 40 | OPCH | Option Care Health INC | -1.3% | -45.44% | Trim |
| 41 | AM6 | Amicus Therapeutics INC | — | EXIT | Sold out |
| 42 | FIS | Fidelity National Info Serv | — | NEW | New buy |
| 43 | CSWC | Capital Southwest CORP | — | EXIT | Sold out |
| 44 | ZBH | Zimmer Biomet Holdings INC | — | NEW | New buy |
| 45 | LPLA | Lpl Financial Holdings INC | — | NEW | New buy |
| 46 | SMCI | Super Micro Computer INC | — | EXIT | Sold out |
| 47 | NOW | Servicenow INC | — | NEW | New buy |
| 48 | HUBS | Hubspot INC | — | EXIT | Sold out |
| 49 | BDX | Becton Dickinson And Co | — | EXIT | Sold out |
| 50 | ADV | Advantage Solutions Inc. | — | EXIT | Sold out |
| 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 | 2025-11-14 | 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 |
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