59 North Capital Management, LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, 59 North Capital Management, LP initiated 6 new positions, increased allocation to 3 existing positions, trimmed 8 positions, and exited 2 positions entirely. The fund's 13F equity book grew from $3.21B to $3.35B (+4.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $3.21BPrior quarter
- $3.35BCurrent quarter
- + $0.14BNet delta
- +4.4%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| CHEVRON CORP | CVX | 6.31% | History → |
| DISNEY WALT CO | DIS | 6.18% | History → |
| WEYERHAEUSER CO MTN BE | WY | 2.67% | Holders → |
| GENUINE PARTS CO | GPC | 2.60% | Holders → |
| LOEWS CORP. | L | 1.45% | Holders → |
| NATIONAL FUEL GAS CO | NFG | 0.49% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| CONSTELLATION ENERGY | CEG | +0.36% | +39.35% | History → |
| CARNIVAL CORP | CCL | +-0.03% | +22.71% | History → |
| FERGUSON ENTERPRISES INC | FERG | +1.23% | +13.72% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| LAMAR ADVERTISING CO NEW | LAMR | -1.61% | -67.65% | Holders → |
| NEWS CORPORATION CLASS A | NWS | -0.66% | -28.10% | Holders → |
| SITEONE LANDSCAPE SUPPLY INC | SITE | -1.48% | -27.93% | Holders → |
| DT MIDSTREAM INC | DTM | -0.83% | -14.04% | History → |
| LOUISIANA PAC CORP | LPX | -1.81% | -7.72% | History → |
| KINDER MORGAN, INC. | KMI | 0.83% | -7.12% | History → |
| AERCAP HOLDINGS NV | AER | -2.04% | -5.65% | History → |
| NEWS CORPORATION CLASS A | NWSA | -1.28% | -3.96% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| EXPAND ENERGY CORP | EXE | 6.33% |
| ISHARES BITCOIN TRUST ETF | IBIT | 6.06% |
Methodology & FAQ
How 59 North Capital Management, LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for 59 North Capital Management, LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
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, 6.31%), DISNEY WALT CO (DIS, 6.18%), WEYERHAEUSER CO MTN BE (WY, 2.67%), GENUINE PARTS CO (GPC, 2.60%), LOEWS CORP. (L, 1.45%), NATIONAL FUEL GAS CO (NFG, 0.49%).
Which existing positions saw the largest allocation increases for 59 North Capital Management, LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: CONSTELLATION ENERGY (CEG, +0.36% weight, +39.35% shares), CARNIVAL CORP (CCL, +-0.03% weight, +22.71% shares), FERGUSON ENTERPRISES INC (FERG, +1.23% weight, +13.72% 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 CORP (EXE, last-reported weight 6.33%), ISHARES BITCOIN TRUST ETF (IBIT, last-reported weight 6.06%).
Which existing positions saw the largest allocation reductions for 59 North Capital Management, LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: LAMAR ADVERTISING CO NEW (LAMR, -1.61% weight, -67.65% shares), NEWS CORPORATION CLASS A (NWS, -0.66% weight, -28.10% shares), SITEONE LANDSCAPE SUPPLY INC (SITE, -1.48% weight, -27.93% shares), DT MIDSTREAM INC (DTM, -0.83% weight, -14.04% shares), LOUISIANA PAC CORP (LPX, -1.81% weight, -7.72% shares), KINDER MORGAN, INC. (KMI, 0.83% weight, -7.12% shares), AERCAP HOLDINGS NV (AER, -2.04% weight, -5.65% shares), NEWS CORPORATION CLASS A (NWSA, -1.28% weight, -3.96% 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.