Estuary Capital Management LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Estuary Capital Management LP initiated 10 new positions, increased allocation to 7 existing positions, trimmed 5 positions, and exited 11 positions entirely. The fund's 13F equity book grew from $0.56B to $0.60B (+6.3% 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
- $0.56BPrior quarter
- $0.60BCurrent quarter
- + $0.04BNet delta
- +6.3%% 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 |
|---|---|---|---|
| ORACLE CORP | ORCL | 6.46% | History → |
| COHERENT CORP | COHR | 6.21% | History → |
| LUMENTUM HLDGS INC | LITE | 6.20% | History → |
| ARES MANAGEMENT CORPORATION | ARES | 6.00% | History → |
| DAVE INC | DAVE | 3.44% | Holders → |
| META PLATFORMS INC | META | 3.38% | Holders → |
| KKR & CO INC | KKR | 3.36% | Holders → |
| ASTERA LABS INC | ALAB | 3.14% | Holders → |
| HINGE HEALTH INC | HNGE | 2.54% | Holders → |
| FIRST ADVANTAGE | FA | 1.10% | 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 |
|---|---|---|---|---|
| BLUE OWL CAPITAL INC | OWL | +3.87% | +338.93% | History → |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | +0.85% | +87.37% | History → |
| ICF INTERNATIONAL, INC. | ICFI | +-0.96% | +16.23% | Holders → |
| FOX FACTORY HLDG CORP | FOXF | +0.21% | +15.27% | Holders → |
| GLOBAL PMTS INC | GPN | +-0.79% | +6.42% | Holders → |
| BROADCOM INC | AVGO | +-0.94% | +1.58% | History → |
| ADVANCED MICRO DEVICES INC | AMD | +-0.68% | +0.12% | 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 |
|---|---|---|---|---|
| U-HAUL HOLDING COMPANY | UHAL/B | -2.34% | -80.93% | Holders → |
| AMAZON COM INC | AMZN | -3.16% | -39.29% | Holders → |
| ADVANCE AUTO PARTS INC | AAP | -0.59% | -27.96% | History → |
| MICROSOFT CORP | MSFT | -3.10% | -27.83% | Holders → |
| NVIDIA CORPORATION | NVDA | -0.93% | -2.71% | 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 |
|---|---|---|
| TRANSDIGM GROUP INC | TDG | 6.51% |
| TERADYNE INC | TER | 6.44% |
| HONEYWELL INTL INC | HON | 4.59% |
| LINDE PLC | LIN | 4.52% |
| MONRO, INC. | MNRO | 3.43% |
| JAZZ PHARMACEUTICALS PLC | JAZZ | 3.22% |
| DOLLAR GEN CORP | DG | 1.03% |
| COOPER COMPANIES | COO | 1.03% |
| GODADDY INC | GDDY | 0.97% |
| UNITED STS LIME & MINERALS I | USLM | 0.91% |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 0.62% |
Methodology & FAQ
How Estuary Capital Management LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Estuary 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 Estuary Capital Management LP initiate in Q1 2026?
Estuary Capital Management LP established 10 new positions in Q1 2026: ORACLE CORP (ORCL, 6.46%), COHERENT CORP (COHR, 6.21%), LUMENTUM HLDGS INC (LITE, 6.20%), ARES MANAGEMENT CORPORATION (ARES, 6.00%), DAVE INC (DAVE, 3.44%), META PLATFORMS INC (META, 3.38%), KKR & CO INC (KKR, 3.36%), ASTERA LABS INC (ALAB, 3.14%), HINGE HEALTH INC (HNGE, 2.54%), FIRST ADVANTAGE (FA, 1.10%).
Which existing positions saw the largest allocation increases for Estuary Capital Management LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: BLUE OWL CAPITAL INC (OWL, +3.87% weight, +338.93% shares), CREDO TECHNOLOGY GROUP HOLDI (CRDO, +0.85% weight, +87.37% shares), ICF INTERNATIONAL, INC. (ICFI, +-0.96% weight, +16.23% shares), FOX FACTORY HLDG CORP (FOXF, +0.21% weight, +15.27% shares), GLOBAL PMTS INC (GPN, +-0.79% weight, +6.42% shares), BROADCOM INC (AVGO, +-0.94% weight, +1.58% shares), ADVANCED MICRO DEVICES INC (AMD, +-0.68% weight, +0.12% shares).
Which positions did Estuary Capital Management LP fully exit in Q1 2026?
Estuary Capital Management LP fully exited 11 positions in Q1 2026: TRANSDIGM GROUP INC (TDG, last-reported weight 6.51%), TERADYNE INC (TER, last-reported weight 6.44%), HONEYWELL INTL INC (HON, last-reported weight 4.59%), LINDE PLC (LIN, last-reported weight 4.52%), MONRO, INC. (MNRO, last-reported weight 3.43%), JAZZ PHARMACEUTICALS PLC (JAZZ, last-reported weight 3.22%), DOLLAR GEN CORP (DG, last-reported weight 1.03%), COOPER COMPANIES (COO, last-reported weight 1.03%), GODADDY INC (GDDY, last-reported weight 0.97%), UNITED STS LIME & MINERALS I (USLM, last-reported weight 0.91%), TAIWAN SEMICONDUCTOR MANUFAC (TSM, last-reported weight 0.62%).
Which existing positions saw the largest allocation reductions for Estuary Capital Management LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: U-HAUL HOLDING COMPANY (UHAL/B, -2.34% weight, -80.93% shares), AMAZON COM INC (AMZN, -3.16% weight, -39.29% shares), ADVANCE AUTO PARTS INC (AAP, -0.59% weight, -27.96% shares), MICROSOFT CORP (MSFT, -3.10% weight, -27.83% shares), NVIDIA CORPORATION (NVDA, -0.93% weight, -2.71% 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.