Hudson Way Capital Management LLC 13F: Quarter-over-Quarter Portfolio Changes
Hudson Way Capital Management LLC reported a disclosed portfolio value of approximately $1.0 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 16.9% quarter on quarter. Over the quarter, the fund initiated 2 new positions, bought more shares in 7 holdings, trimmed 7 holdings, and exited 3 positions.
Hudson Way Capital Management LLC's top buy was Spotify Technology S a (SPOT) . The fund bought 162.1% more shares, lifting the position's portfolio weight by 4.5 percentage points. Its top sell was Ss&c Tech Hldgs (SSNC) . The fund sold 45.7% of its previously reported shares, reducing the position's portfolio weight by 4.1 percentage points.
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 |
|---|---|---|---|
| CINTAS CORP | CTAS | 4.2% | Holders → |
| WOODWARD INC | WWD | 4.1% | 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 |
|---|---|---|---|---|
| SPOTIFY TECHNOLOGY S A | SPOT | +4.5% | +162.1% | History → |
| TYLER TECHNOLOGIES INC | TYL | +0.8% | +34.1% | Holders → |
| GUIDEWIRE SOFTWARE INC | GWRE | +1.0% | +33.3% | History → |
| VISA | V | +2.0% | +21.8% | History → |
| KKR & CO INC | KKR | +0.7% | +20.8% | History → |
| SOMNIGROUP INTERNATIONAL INC | SGI | +1.2% | +16.0% | History → |
| S&P GLOBAL INC | SPGI | +0.4% | +8.4% | 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 |
|---|---|---|---|---|
| SS&C TECH HLDGS | SSNC | -4.1% | 45.7% | Holders → |
| GILDAN ACTIVEWEAR INC | GIL | -2.4% | 38.7% | History → |
| TRANSDIGM GROUP INC | TDG | -2.3% | 32.7% | History → |
| HILTON WORLDWIDE HLDGS INC | HLT | -0.1% | 22.1% | History → |
| ROCKET COS INC | RKT | -0.9% | 21.1% | Holders → |
| CHURCHILL DOWNS INC | CHDN | -1.9% | 16.1% | History → |
| AXON ENTERPRISE INC | AXON | -0.8% | 11.1% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| APPFOLIO INC | APPF | 3.8% |
| LKQ CORP | LKQ | 1.8% |
| INTERACTIVE BROKERS GROUP IN | IBKR | 0.8% |
Net Portfolio Value ChangeQ1 2026
- $1.3BPrior quarter
- $1.0BCurrent quarter
- $-0.2BNet delta
- -16.9%% change
Methodology & FAQ
How Hudson Way Capital Management LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Hudson Way Capital Management LLC: 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 Hudson Way Capital Management LLC buy in Q1 2026?
In Q1 2026, Hudson Way Capital Management LLC initiated 2 new positions (CINTAS CORP (CTAS), WOODWARD INC (WWD)); bought more shares of SPOTIFY TECHNOLOGY S A (SPOT), TYLER TECHNOLOGIES INC (TYL), GUIDEWIRE SOFTWARE INC (GWRE), VISA (V), KKR & CO INC (KKR) — the largest 5 of 7 adds.
What stocks did Hudson Way Capital Management LLC sell in Q1 2026?
In Q1 2026, Hudson Way Capital Management LLC fully sold 3 positions (APPFOLIO INC (APPF), LKQ CORP (LKQ), INTERACTIVE BROKERS GROUP IN (IBKR)); reduced holdings in SS&C TECH HLDGS (SSNC), GILDAN ACTIVEWEAR INC (GIL), TRANSDIGM GROUP INC (TDG), HILTON WORLDWIDE HLDGS INC (HLT), ROCKET COS INC (RKT) — the largest 5 of 7 reductions.
Which positions did Hudson Way Capital Management LLC initiate in Q1 2026?
Hudson Way Capital Management LLC established 2 new positions in Q1 2026: CINTAS CORP (CTAS, 4.2%), WOODWARD INC (WWD, 4.1%).
Which existing positions saw the largest allocation increases for Hudson Way Capital Management LLC in Q1 2026?
Of 7 existing positions with share-count increases in Q1 2026, the largest were: SPOTIFY TECHNOLOGY S A (SPOT, +4.5% weight, +162.1% shares), TYLER TECHNOLOGIES INC (TYL, +0.8% weight, +34.1% shares), GUIDEWIRE SOFTWARE INC (GWRE, +1.0% weight, +33.3% shares), VISA (V, +2.0% weight, +21.8% shares), KKR & CO INC (KKR, +0.7% weight, +20.8% shares), SOMNIGROUP INTERNATIONAL INC (SGI, +1.2% weight, +16.0% shares), S&P GLOBAL INC (SPGI, +0.4% weight, +8.4% shares).
Which positions did Hudson Way Capital Management LLC fully exit in Q1 2026?
Hudson Way Capital Management LLC fully exited 3 positions in Q1 2026: APPFOLIO INC (APPF, last-reported weight 3.8%), LKQ CORP (LKQ, last-reported weight 1.8%), INTERACTIVE BROKERS GROUP IN (IBKR, last-reported weight 0.8%).
Which existing positions saw the largest allocation reductions for Hudson Way Capital Management LLC in Q1 2026?
Of 7 existing positions with share-count reductions in Q1 2026, the largest were: SS&C TECH HLDGS (SSNC, -4.1% weight, -45.7% shares), GILDAN ACTIVEWEAR INC (GIL, -2.4% weight, -38.7% shares), TRANSDIGM GROUP INC (TDG, -2.3% weight, -32.7% shares), HILTON WORLDWIDE HLDGS INC (HLT, -0.1% weight, -22.1% shares), ROCKET COS INC (RKT, -0.9% weight, -21.1% shares), CHURCHILL DOWNS INC (CHDN, -1.9% weight, -16.1% shares), AXON ENTERPRISE INC (AXON, -0.8% weight, -11.1% 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.