SEC 13F Intelligence

Managers / Q2 2021 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$1.3B
Q2 2021
Positions
19
Filings on Record
30
2019–present window
Filed
Aug 16, 2021
original filing

Summary

P2 Capital Partners, LLC reported $1.3B in U.S.-listed holdings across 19 positions for Q2 2021.

Its largest position, CSOD, represents 11.1% of the portfolio.

Compared with Q1 2021, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+74.9%
share of reported value
Largest Position
+11.1%
Cornerstone Ondemand

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: 94.1%Other: 5.9%
  • Common Stock · 94.1% · $1.3B
  • Other · 5.9% · $78M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRSOLD OUT−240.6K0−$53M$0
K6BKBR INCTRIMMED−1.04M479.2K−$40M$18M
TN1TENNANT COADDED+115.3K300.3K+$9M$24M
OUTFRONT MEDIA INCADDED+1.23M3.25M+$34M$78M
HGVHILTON GRAND VACATIONS INCTRIMMED−916.0K780.6K−$31M$32M
2655957DPREMIER INCADDED+54.5K163.0K+$2M$6M
NXSTNEXSTAR MEDIA GROUP INCTRIMMED−202.7K400.0K−$25M$59M
BCOBRINKS COTRIMMED−586.0K1.38M−$50M$106M

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

Holdings — Q2 2021

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CSODCORNERSTONE ONDEMAND INChistory →COM11.11%$148M2.87M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM9.93%$132M2.11M
3CBZCBIZ INChistory →COM8.57%$114M3.49M
4BCOBRINKS COhistory →COM7.97%$106M1.38M
5BCBUSDPRIMO WATER CORPORATIONhistory →COM7.79%$104M6.20M
6FULFULLER H B COhistory →COM6.52%$87M1.37M
7AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM6.47%$86M2.55M
8OUTFRONT MEDIA INCCOM5.87%$78M3.25M
9CDKCDK GLOBAL INChistory →COM5.62%$75M1.51M
10TSAACI WORLDWIDE INChistory →COM5.02%$67M1.80M
11AVNTAVIENT CORPORATIONhistory →COM4.83%$64M1.31M
12NXSTNEXSTAR MEDIA GROUP INChistory →CL A4.44%$59M400.0K
13UPLDEURUPLAND SOFTWARE INChistory →COM3.94%$52M1.27M
14BCORUSDBLUCORA INChistory →COM2.99%$40M2.30M
15VG1EURVONAGE HLDGS CORPhistory →COM2.91%$39M2.69M
16HGVHILTON GRAND VACATIONS INChistory →COM2.42%$32M780.6K
17TN1TENNANT COhistory →COM1.80%$24M300.3K
18K6BKBR INChistory →COM1.37%$18M479.2K
192655957DPREMIER INCCL A0.43%$6M163.0K

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 ↗.