SEC 13F Intelligence

Managers / Q3 2019 · view latest →

P2 Capital Partners, LLC

CIK 0001406313 · 590 MADISON AVENUE, 25TH FLOOR, NEW YORK, NY, 10022 · (212) 508-5500

Reported Value
$1.5B
Q3 2019
Positions
16
Filings on Record
30
2019–present window
Filed
Nov 14, 2019
original filing

Summary

P2 Capital Partners, LLC reported $1.5B in U.S.-listed holdings across 16 positions for Q3 2019.

Its largest position, NXST, represents 14.3% of the portfolio.

The book was largely unchanged from Q2 2019.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+83.4%
share of reported value
Largest Position
+14.3%
Nexstar Media

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $991MQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.3BQ3 ’19: $1.5BQ4 ’19: $1.4BQ4 ’19Q1 ’20: $836MQ2 ’20: $1.2BQ3 ’20: $1.3BQ4 ’20: $1.5BQ4 ’20Q1 ’21: $1.5BQ2 ’21: $1.3BQ3 ’21: $1.2BQ4 ’21: $1.3BQ4 ’21Q1 ’22: $1.1BQ2 ’22: $883MQ3 ’22: $810MQ4 ’22: $756MQ4 ’22Q1 ’23: $780MQ2 ’23: $859MQ3 ’23: $764MQ4 ’23: $909MQ4 ’23Q1 ’24: $846MQ2 ’24: $912MQ3 ’24: $876MQ4 ’24: $589MQ4 ’24Q1 ’25: $515MQ2 ’25: $522MQ3 ’25: $520MQ4 ’25: $390MQ4 ’25Q1 ’26: $210Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 98.6%Other: 1.4%
  • Common Stock · 98.6% · $1.5B
  • Other · 1.4% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QUOTUSDQUOTIENT TECHNOLOGY INCTRIMMED−1.69M1.42M−$22M$11M
ACHCACADIA HEALTHCARE COMPANY INADDED+2.18M6.46M+$51M$201M
NXSTNEXSTAR MEDIA GROUP INCADDED+528.7K2.07M+$56M$212M
FULFULLER H B COADDED+425.4K1.78M+$20M$83M
TSAACI WORLDWIDE INCADDED+380.8K1.96M+$7M$61M
BCOBRINKS COADDED+363.4K2.36M+$34M$195M
BCBCADCOTT CORP QUEADDED+845.3K6.37M+$6M$79M
MMSMAXIMUS INCADDED+165.3K1.25M+$18M$96M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NXSTNEXSTAR MEDIA GROUP INChistory →CL A14.30%$212M2.07M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM13.57%$201M6.46M
3BCOBRINKS COhistory →COM13.20%$195M2.36M
4HGVHILTON GRAND VACATIONS INChistory →COM9.73%$144M4.50M
5MMSMAXIMUS INChistory →COM6.52%$96M1.25M
6AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM6.18%$91M5.37M
7FULFULLER H B COhistory →COM5.60%$83M1.78M
8BCBCADCOTT CORP QUEhistory →COM5.37%$79M6.37M
9CBZCBIZ INChistory →COM4.74%$70M2.99M
10MDMEDNAX INChistory →COM4.20%$62M2.75M
11TSAACI WORLDWIDE INChistory →COM4.14%$61M1.96M
12EBIXEUREBIX INChistory →COM NEW4.11%$61M1.44M
13GRPNCHFGROUPON INChistory →COM3.34%$49M18.57M
14SP PLUS CORPCOM2.86%$42M1.14M
15HEALTH INS INNOVATIONS INCCOM CL A1.40%$21M830.0K
16QUOTUSDQUOTIENT TECHNOLOGY INChistory →COM0.75%$11M1.42M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$210M10May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$390M10Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$520M13Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$522M13Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$515M12May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$589M11Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$876M15Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$912M18Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$846M15May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$909M15Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$764M14Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$859M15Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$780M15May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$756M15Feb 23, 202313F-HRchanges · EDGAR ↗
Q3 2022$810M19Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$883M21Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.1B22May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.3B21Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.2B20Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.3B19Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.5B20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B18Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.3B18Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.2B17Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$836M14May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.4B16Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.5B16Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.3B16Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B17May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$991M17Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.