SEC 13F Intelligence

Managers / Q2 2022 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$883M
Q2 2022
Positions
21
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

P2 Capital Partners, LLC reported $883M in U.S.-listed holdings across 21 positions for Q2 2022.

Its largest position, CBZ, represents 15.8% of the portfolio.

Compared with Q1 2022, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+72.6%
share of reported value
Largest Position
+15.8%
Cbiz
New / Exited
1 / 2
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: 89.1%Other: 10.9%
  • Common Stock · 89.1% · $786M
  • Other · 10.9% · $97M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BLKBBLACKBAUD INCNEW+713.6K713.6K+$41M$41M
CDKCDK GLOBAL INCSOLD OUT−1.11M0−$54M$0
FLWS1 800 FLOWERS COM INCSOLD OUT−450.8K0−$6M$0
NXSTNEXSTAR MEDIA GROUP INCTRIMMED−76.2K58.6K−$16M$10M
LIVANOVA PLCADDED+298.4K950.0K+$6M$59M
MIRMIRION TECHNOLOGIES INCADDED+796.7K3.58M−$2M$21M
BCORUSDBLUCORA INCADDED+500.0K2.30M+$7M$42M
HLLYHOLLEY INCADDED+1.00M4.63M−$2M$49M

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

Holdings — Q2 2022

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CBZCBIZ INChistory →COM15.78%$139M3.49M
2ACHCACADIA HEALTHCARE COMPANY INhistory →COM12.41%$110M1.62M
3LIVANOVA PLCSHS6.72%$59M950.0K
4TSAACI WORLDWIDE INChistory →COM5.87%$52M2.00M
5FULFULLER H B COhistory →COM5.86%$52M858.8K
6HLLYHOLLEY INChistory →COM5.51%$49M4.63M
7BCOBRINKS COhistory →COM5.49%$48M798.5K
8AVNTAVIENT CORPORATIONhistory →COM5.46%$48M1.20M
9BCORUSDBLUCORA INChistory →COM4.81%$42M2.30M
10BLKBBLACKBAUD INChistory →COM4.69%$41M713.6K
11OUTFRONT MEDIA INCCOM4.22%$37M2.20M
12AQUAUSDEVOQUA WATER TECHNOLOGIES COhistory →COM4.17%$37M1.13M
13TN1TENNANT COhistory →COM4.12%$36M614.6K
14NOTVQINOTIV INChistory →COM3.20%$28M2.95M
15ENVUSDENVESTNET INChistory →COM2.62%$23M439.0K
16MIRMIRION TECHNOLOGIES INChistory →COM CL A2.34%$21M3.58M
172655957DPREMIER INChistory →CL A2.15%$19M532.2K
18UPLDEURUPLAND SOFTWARE INChistory →COM1.56%$14M950.0K
19BCBUSDPRIMO WATER CORPORATIONhistory →COM1.52%$13M1.00M
20NXSTNEXSTAR MEDIA GROUP INChistory →CL A1.08%$10M58.6K
21RDNTRADNET INCCOM0.39%$3M200.0K

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 ↗.