SEC 13F Intelligence

Managers / Q1 2020 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$836M
Q1 2020
Positions
14
Filings on Record
30
2019–present window
Filed
May 15, 2020
original filing

Summary

P2 Capital Partners, LLC reported $836M in U.S.-listed holdings across 14 positions for Q1 2020.

Its largest position, BCO, represents 14.0% of the portfolio.

Compared with Q4 2019, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+84.9%
share of reported value
Largest Position
+14.0%
Brinks
New / Exited
2 / 3
positions this quarter

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: 96.4%Other: 3.6%
  • Common Stock · 96.4% · $806M
  • Other · 3.6% · $30M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BCBUSDPRIMO WATER CORPORATIONNEW+8.06M8.06M+$73M$73M
OUTFRONT MEDIA INCNEW+2.25M2.25M+$30M$30M
BCBCADCOTT CORP QUESOLD OUT−4.52M0−$62M$0
GRPNCHFGROUPON INCSOLD OUT−18.57M0−$44M$0
HEALTH INS INNOVATIONS INCSOLD OUT−1.63M0−$31M$0
TSAACI WORLDWIDE INCADDED+632.6K1.90M−$2M$46M
BCOBRINKS COADDED+606.1K2.25M−$32M$117M
SP PLUS CORPADDED+365.7K1.59M−$19M$33M

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

Holdings — Q1 2020

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BCOBRINKS COhistory →COM14.01%$117M2.25M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM12.23%$102M5.58M
3NXSTNEXSTAR MEDIA GROUP INChistory →CL A11.74%$98M1.70M
4BCBUSDPRIMO WATER CORPORATIONhistory →COM8.73%$73M8.06M
5HGVHILTON GRAND VACATIONS INChistory →COM8.48%$71M4.50M
6CBZCBIZ INChistory →COM7.46%$62M2.98M
7AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM5.77%$48M4.30M
8FULFULLER H B COhistory →COM5.55%$46M1.66M
9TSAACI WORLDWIDE INChistory →COM5.47%$46M1.90M
10MDMEDNAX INChistory →COM5.43%$45M3.90M
11MMSMAXIMUS INChistory →COM5.28%$44M758.4K
12SP PLUS CORPCOM3.96%$33M1.59M
13OUTFRONT MEDIA INCCOM3.63%$30M2.25M
14EBIXEUREBIX INChistory →COM NEW2.27%$19M1.25M

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 ↗.