SEC 13F Intelligence

Managers / Q2 2024 · view latest →

P2 Capital Partners, LLC

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

Reported Value
$912M
Q2 2024
Positions
18
Filings on Record
30
2019–present window
Filed
Aug 14, 2024
original filing

Summary

P2 Capital Partners, LLC reported $912M in U.S.-listed holdings across 18 positions for Q2 2024.

Its largest position, ACHC, represents 11.2% of the portfolio.

Compared with Q1 2024, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+14.7%
vs prior filed quarter
Top-10 Concentration
+75.1%
share of reported value
Largest Position
+11.2%
Acadia Healthcare Company In

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: 94.3%Other: 5.7%
  • Common Stock · 94.3% · $860M
  • Other · 5.7% · $52M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENOVENOVIS CORPORATIONNEW+460.0K460.0K+$21M$21M
R1 RCM INCADDED+9.23M10.80M+$115M$136M
OPCHOPTION CARE HEALTH INCADDED+764.3K1.46M+$17M$40M
IASINTEGRAL AD SCIENCE HLDNG COADDED+2.69M5.37M+$26M$52M
SHCSOTERA HEALTH COTRIMMED−2.75M200.0K−$33M$2M
SITESITEONE LANDSCAPE SUPPLY INCTRIMMED−84.2K171.1K−$24M$21M
AVNTAVIENT CORPORATIONTRIMMED−268.6K869.8K−$11M$38M
CBZCBIZ INCTRIMMED−295.0K1.10M−$28M$82M

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

Holdings — Q2 2024

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACHCACADIA HEALTHCARE COMPANY INhistory →COM11.18%$102M1.51M
2BLKBBLACKBAUD INChistory →COM11.04%$101M1.32M
3CBZCBIZ INChistory →COM8.97%$82M1.10M
4JBTJOHN BEAN TECHNOLOGIES CORPhistory →COM7.81%$71M750.2K
5R1 RCM INCCOM7.44%$68M5.40M
6TN1TENNANT COhistory →COM7.03%$64M651.4K
7LIVANOVA PLCSHS5.71%$52M950.0K
8MIRMIRION TECHNOLOGIES INChistory →COM CL A5.54%$50M4.70M
9IASINTEGRAL AD SCIENCE HLDNG COhistory →COM5.19%$47M4.87M
10FULFULLER H B COhistory →COM5.16%$47M611.3K
11OPCHOPTION CARE HEALTH INChistory →COM NEW4.44%$40M1.46M
12AVNTAVIENT CORPORATIONhistory →COM4.16%$38M869.8K
13ENSGENSIGN GROUP INChistory →COM3.53%$32M260.0K
14ENOVENOVIS CORPORATIONhistory →COM2.28%$21M460.0K
15SITESITEONE LANDSCAPE SUPPLY INChistory →COM2.28%$21M171.1K
16SHCSOTERA HEALTH COCOM0.26%$2M200.0K

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 ↗.