59 North Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
59 North Capital Management, LP reported a disclosed portfolio value of approximately $3.4 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 4.4% quarter on quarter. Over the quarter, the fund initiated 6 new positions, bought more shares in 3 holdings, trimmed 8 holdings, and exited 2 positions.
59 North Capital Management, LP's top buy was a new stake in Chevron CORP (CVX) , equal to 6.3% of the disclosed portfolio. Its top sell was Expand Energy Corporation (EXE) . The fund exited the position completely after it had accounted for 6.3% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| CHEVRON CORP | CVX | 6.3% | History → |
| DISNEY WALT CO | DIS | 6.2% | History → |
| WEYERHAEUSER CO | WY | 2.7% | Holders → |
| GENUINE PARTS CO | GPC | 2.6% | Holders → |
| LOEWS CORP. | L | 1.5% | Holders → |
| NATIONAL FUEL GAS CO | NFG | 0.5% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| CONSTELLATION ENERGY | CEG | +0.4% | +39.4% | History → |
| CARNIVAL CORP | CCL | +-0.0% | +22.7% | History → |
| FERGUSON ENTERPRISES INC | FERG | +1.2% | +13.7% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| LAMAR ADVERTISING CO | LAMR | -1.6% | 67.6% | Holders → |
| NEWS CORP NEW | NWS | -0.7% | 28.1% | Holders → |
| SITEONE LANDSCAPE SUPPLY INC | SITE | -1.5% | 27.9% | Holders → |
| DT MIDSTREAM INC | DTM | -0.8% | 14.0% | History → |
| LOUISIANA PAC CORP | LPX | -1.8% | 7.7% | History → |
| KINDER MORGAN, INC. | KMI | 0.8% | 7.1% | History → |
| AERCAP HOLDINGS NV | AER | -2.0% | 5.7% | History → |
| NEWS CORPORATION CLASS A | NWSA | -1.3% | 4.0% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| EXPAND ENERGY CORPORATION | EXE | 6.3% |
| ISHARES BITCOIN TRUST ETF | IBIT | 6.1% |
Net Portfolio Value ChangeQ1 2026
- $3.2BPrior quarter
- $3.4BCurrent quarter
- +$0.1BNet delta
- +4.4%% change
Methodology & FAQ
How 59 North Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for 59 North Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did 59 North Capital Management, LP buy in Q1 2026?
In Q1 2026, 59 North Capital Management, LP initiated 6 new positions (CHEVRON CORP (CVX), DISNEY WALT CO (DIS), WEYERHAEUSER CO (WY), GENUINE PARTS CO (GPC), LOEWS CORP. (L), NATIONAL FUEL GAS CO (NFG)); bought more shares of CONSTELLATION ENERGY (CEG), CARNIVAL CORP (CCL), FERGUSON ENTERPRISES INC (FERG).
What stocks did 59 North Capital Management, LP sell in Q1 2026?
In Q1 2026, 59 North Capital Management, LP fully sold 2 positions (EXPAND ENERGY CORPORATION (EXE), ISHARES BITCOIN TRUST ETF (IBIT)); reduced holdings in LAMAR ADVERTISING CO (LAMR), NEWS CORP NEW (NWS), SITEONE LANDSCAPE SUPPLY INC (SITE), DT MIDSTREAM INC (DTM), LOUISIANA PAC CORP (LPX) — the largest 5 of 8 reductions.
Which positions did 59 North Capital Management, LP initiate in Q1 2026?
59 North Capital Management, LP established 6 new positions in Q1 2026: CHEVRON CORP (CVX, 6.3%), DISNEY WALT CO (DIS, 6.2%), WEYERHAEUSER CO (WY, 2.7%), GENUINE PARTS CO (GPC, 2.6%), LOEWS CORP. (L, 1.5%), NATIONAL FUEL GAS CO (NFG, 0.5%).
Which existing positions saw the largest allocation increases for 59 North Capital Management, LP in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: CONSTELLATION ENERGY (CEG, +0.4% weight, +39.4% shares), CARNIVAL CORP (CCL, +-0.0% weight, +22.7% shares), FERGUSON ENTERPRISES INC (FERG, +1.2% weight, +13.7% shares).
Which positions did 59 North Capital Management, LP fully exit in Q1 2026?
59 North Capital Management, LP fully exited 2 positions in Q1 2026: EXPAND ENERGY CORPORATION (EXE, last-reported weight 6.3%), ISHARES BITCOIN TRUST ETF (IBIT, last-reported weight 6.1%).
Which existing positions saw the largest allocation reductions for 59 North Capital Management, LP in Q1 2026?
Of 8 existing positions with share-count reductions in Q1 2026, the largest were: LAMAR ADVERTISING CO (LAMR, -1.6% weight, -67.6% shares), NEWS CORP NEW (NWS, -0.7% weight, -28.1% shares), SITEONE LANDSCAPE SUPPLY INC (SITE, -1.5% weight, -27.9% shares), DT MIDSTREAM INC (DTM, -0.8% weight, -14.0% shares), LOUISIANA PAC CORP (LPX, -1.8% weight, -7.7% shares), KINDER MORGAN, INC. (KMI, 0.8% weight, -7.1% shares), AERCAP HOLDINGS NV (AER, -2.0% weight, -5.7% shares), NEWS CORPORATION CLASS A (NWSA, -1.3% weight, -4.0% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.