13F filer · reported 2026-Q2 · filed 2026-08-12 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $4.2B · Positions 8 · Top 10 100.0% · Effective N 3.9 Filer13F 2026-Q2 | CIK1345471 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-12 | | Reported value$4.2B | Positions8 | | Regulatory AUM (ADV)$6.7B | Employees (ADV)30 | | Head office (ADV)NEW YORK, NY, United States | Structure (ADV)Limited Partnership |
Authorized signatory: Peter W. May · Member of its General Partner — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): PELTZ, NELSON, ("NMN") (CHIEF EXECUTIVE OFFICER, LIMITED PARTNER AND INVESTMENT COMMITTEE MEMBER) · PELTZ, DARREN, JOSEPH (INVESTMENT COMMITTEE MEMBER AND LIMITED PARTNER) · MAY, PETER, WILLIAM (PRESIDENT, LIMITED PARTNER AND INVESTMENT COMMITTEE MEMBER) · BALDWIN, BRIAN, MICHAEL (INVESTMENT COMMITTEE MEMBER) · BUNCH, RYAN, WILSON (INVESTMENT COMMITTEE MEMBER) · FRANK, JOSHUA, DAVID (INVESTMENT COMMITTEE MEMBER) · LAVELLE, MARK, GARY (CHIEF COMPLIANCE OFFICER AND ASSISTANT GENERAL COUNSEL) · MARX, DANIEL, ROBERT (GENERAL COUNSEL) · +3 more Reported 2026-Q2 · filed 2026-08-12 · ADV 2026-04-01ⓘ Implied return1.14y vs SPY | Cumulative−11.4% | CAGR−10.1% | | vs SPY−31.9pp | Vol (ann.)36.6% | | Sharpe−0.07 | Max drawdown−38.1% | | Beta0.72 | Avg coverage100% | | Quarters replayed4 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution7 of 7 names | Ticker | Avg wt | Return | Contrib. |
|---|
| JHG | 39.2% | — | −30.31pp | | GE | 32.7% | +31.4% | +7.51pp | | SOLV | 16.3% | +21.8% | +3.37pp | | IVZ | 4.0% | +52.3% | +1.85pp | | GEHC | 0.8% | −0.4% | +0.92pp | | WEN | 6.9% | −9.5% | −0.87pp | | UHAL · exited | 0.1% | +21.0% | −0.02pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book −17.5% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings8 of 8 · 100.0% of book | Holding | Weight | Value | Δ shares |
|---|
| GE | 35.6% | $1.5B | +0.0% | | JHG | 31.5% | $1.3B | −19.5% | | SOLV | 15.0% | $635M | +0.0% | | Ferguson Plc New | 6.1% | $258M | +0.0% | | WEN | 6.0% | $253M | +0.1% | | GEHC | 4.7% | $197M | +76194.4% | | IVZ | 1.0% | $43M | −45.3% | | MICC | 0.1% | $4M | +0.0% |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split5 sectors | Sector | N | Weight |
|---|
| Industrials | 1 | 35.6% | | Financials | 2 | 32.5% | | Health Care | 2 | 19.7% | | Unclassified | 2 | 6.2% | | Consumer Discretionary | 1 | 6.0% |
SIC-derived, not GICS · 94% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Financials | 36.1% | 41.6% | 45.4% | 40.2% | 38.7% | 42.7% | 40.0% | 44.3% | | Industrials | 16.6% | 20.4% | 18.5% | 22.7% | 27.9% | 29.5% | 31.2% | 29.6% | | Health Care | 9.5% | 12.8% | 14.4% | 17.2% | 16.9% | 15.0% | 16.4% | 13.9% | | Unclassified | 18.4% | 11.4% | 8.9% | 7.9% | 7.3% | 5.9% | 6.1% | 6.7% | | Consumer Discretionary | 13.0% | 13.7% | 12.8% | 11.9% | 9.2% | 6.8% | 6.4% | 5.5% | | Consumer Staples | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Communication Services | 6.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Materials | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 99.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
SIC-derived, not GICS · 93% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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