SEC 13F Intelligence

Managers / Q1 2022 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$1.1B
Q1 2022
Positions
22
Filings on Record
30
2019–present window
Filed
May 16, 2022
original filing

Summary

P2 Capital Partners, LLC reported $1.1B in U.S.-listed holdings across 22 positions for Q1 2022.

Its largest position, CBZ, represents 13.8% of the portfolio.

Compared with Q4 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+6.8%
vs prior filed quarter
Top-10 Concentration
+70.1%
share of reported value
Largest Position
+13.8%
Cbiz
New / Exited
2 / 1
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: 87.6%Other: 12.4%
  • Common Stock · 87.6% · $925M
  • Other · 12.4% · $132M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MIRMIRION TECHNOLOGIES INCNEW+2.79M2.79M+$22M$22M
RDNTRADNET INCNEW+200.0K200.0K+$4M$4M
HLLYHOLLEY INCADDED+2.00M3.63M+$29M$51M
UISUNISYS CORPSOLD OUT−14.1K0−$291,000$0
ENVUSDENVESTNET INCADDED+188.7K439.0K+$13M$33M
BCBUSDPRIMO WATER CORPORATIONTRIMMED−2.53M1.00M−$48M$14M
NXSTNEXSTAR MEDIA GROUP INCTRIMMED−154.2K134.9K−$18M$25M
BCOBRINKS COTRIMMED−583.1K798.5K−$36M$54M

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

Holdings — Q1 2022

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CBZCBIZ INChistory →COM13.84%$146M3.49M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM10.45%$110M1.69M
3OUTFRONT MEDIA INCCOM7.40%$78M2.75M
4NOTVQINOTIV INChistory →COM7.30%$77M2.95M
5TSAACI WORLDWIDE INChistory →COM5.44%$57M1.83M
6FULFULLER H B COhistory →COM5.37%$57M858.8K
7BCOBRINKS COhistory →COM5.14%$54M798.5K
8CDKCDK GLOBAL INChistory →COM5.13%$54M1.11M
9LIVANOVA PLCSHS5.04%$53M651.6K
10AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM5.04%$53M1.13M
11HLLYHOLLEY INChistory →COM4.78%$51M3.63M
12AVNTAVIENT CORPORATIONhistory →COM4.71%$50M1.04M
13TN1TENNANT COhistory →COM3.73%$39M500.0K
14BCORUSDBLUCORA INChistory →COM3.33%$35M1.80M
15ENVUSDENVESTNET INChistory →COM3.09%$33M439.0K
16NXSTNEXSTAR MEDIA GROUP INChistory →CL A2.40%$25M134.9K
17MIRMIRION TECHNOLOGIES INChistory →COM CL A2.13%$22M2.79M
182655957DPREMIER INChistory →CL A1.79%$19M532.2K
19UPLDEURUPLAND SOFTWARE INChistory →COM1.58%$17M950.0K
20BCBUSDPRIMO WATER CORPORATIONhistory →COM1.35%$14M1.00M
21FLWS1 800 FLOWERS COM INCCL A0.54%$6M450.8K
22RDNTRADNET INCCOM0.42%$4M200.0K

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 ↗.