SEC 13F Intelligence

Managers / Q1 2021 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$1.5B
Q1 2021
Positions
20
Filings on Record
30
2019–present window
Filed
May 17, 2021
original filing

Summary

P2 Capital Partners, LLC reported $1.5B in U.S.-listed holdings across 20 positions for Q1 2021.

Its largest position, BCO, represents 10.3% of the portfolio.

Compared with Q4 2020, the fund opened 5 new positions and exited 3.

Portfolio Metrics

Turnover
+18.8%
vs prior filed quarter
Top-10 Concentration
+71.5%
share of reported value
Largest Position
+10.3%
Brinks
New / Exited
5 / 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: 93.5%ETP: 3.5%Other: 2.9%
  • Common Stock · 93.5% · $1.4B
  • ETP · 3.5% · $53M
  • Other · 2.9% · $44M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+240.6K240.6K+$53M$53M
BCORUSDBLUCORA INCNEW+2.30M2.30M+$38M$38M
VG1EURVONAGE HLDGS CORPNEW+3.09M3.09M+$37M$37M
TN1TENNANT CONEW+185.0K185.0K+$15M$15M
2655957DPREMIER INCNEW+108.5K108.5K+$4M$4M
CHNGUSDCHANGE HEALTHCARE INCSOLD OUT−6.02M0−$112M$0
MDMEDNAX INCSOLD OUT−3.00M0−$74M$0
EBIXEUREBIX INCSOLD OUT−1.10M0−$42M$0

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

Holdings — Q1 2021

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BCOBRINKS COhistory →COM10.34%$156M1.97M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM9.59%$145M2.53M
3CSODCORNERSTONE ONDEMAND INChistory →COM8.04%$121M2.78M
4CBZCBIZ INChistory →COM7.55%$114M3.49M
5BCBUSDPRIMO WATER CORPORATIONhistory →COM7.12%$107M6.60M
6FULFULLER H B COhistory →COM6.46%$97M1.55M
7CDKCDK GLOBAL INChistory →COM5.98%$90M1.67M
8AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM5.68%$86M3.26M
9NXSTNEXSTAR MEDIA GROUP INChistory →CL A5.62%$85M602.7K
10TSAACI WORLDWIDE INChistory →COM5.14%$78M2.04M
11AVNTAVIENT CORPORATIONhistory →COM4.40%$66M1.40M
12HGVHILTON GRAND VACATIONS INChistory →COM4.22%$64M1.70M
13K6BKBR INChistory →COM3.87%$58M1.52M
14ISHARES TRRUSSELL 2000 ETF3.53%$53M240.6K
15UPLDEURUPLAND SOFTWARE INChistory →COM3.33%$50M1.06M
16OUTFRONT MEDIA INCCOM2.94%$44M2.03M
17BCORUSDBLUCORA INChistory →COM2.54%$38M2.30M
18VG1EURVONAGE HLDGS CORPhistory →COM2.43%$37M3.09M
19TN1TENNANT COhistory →COM0.98%$15M185.0K
202655957DPREMIER INCCL A0.24%$4M108.5K

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 ↗.