SEC 13F Intelligence

Managers / Q1 2026

MSD Partners, L.P.

CIK 0001514334 · 550 MADISON AVENUE, 20TH FLOOR, NEW YORK, NY, 10022 · (212) 303-1650

Reported Value
$82M
Q1 2026
Positions
8
Filings on Record
39
2019–present window
Filed
May 15, 2026
original filing

Summary

Msd Partners, L.P. reported $82M in U.S.-listed holdings across 8 positions for Q1 2026.

The portfolio is heavily concentrated: LIND alone accounts for 34.4% of reported value.

Compared with Q4 2025, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+29.7%
vs prior filed quarter
Largest Position
+34.4%
Lindblad Expeditions Hldgs I

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: $916MQ4 ’18Q1 ’19: $808MQ2 ’19: $825MQ3 ’19: $745MQ4 ’19: $454MQ4 ’19Q1 ’20: $370MQ2 ’20: $392MQ3 ’20: $478MQ4 ’20: $598MQ4 ’20Q1 ’21: $1.4BQ2 ’21: $2.0BQ3 ’21: $1.7BQ4 ’21: $1.1BQ4 ’21Q1 ’22: $645MQ2 ’22: $585MQ3 ’22: $597MQ4 ’22: $1.0BQ4 ’22Q1 ’23: $1.2BQ2 ’23: $1.1BQ3 ’23: $1.2BQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.2BQ2 ’24: $1.0BQ3 ’24: $158MQ4 ’24: $142MQ4 ’24Q1 ’25: $134MQ2 ’25: $172MQ3 ’25: $151MQ4 ’25: $109MQ4 ’25Q1 ’26: $82Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 55.8%Other: 40.6%REIT: 3.7%
  • Common Stock · 55.8% · $46M
  • Other · 40.6% · $33M
  • REIT · 3.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINDLINDBLAD EXPEDITIONS HLDGS INEW+1.64M1.64M+$28M$28M
ODDITY TECH LTDHELD+01.78M−$48M$24M
XPOFXPONENTIAL FITNESS INCHELD+01.66M−$4M$10M
RENEW ENERGY GLOBAL PLCHELD+02.09M−$2M$10M
TTANSERVICETITAN INCHELD+018.4K−$791,420$1M
TLSITRISALUS LIFE SCIENCES INCHELD+040.0K−$119,197$159,996
EM7EMERALD HOLDING INCHELD+01.40M+$56,014$6M
SAFESAFEHOLD INCHELD+0222.6K−$35,623$3M

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

Holdings — Q1 2026

8 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LINDLINDBLAD EXPEDITIONS HLDGS Ihistory →COM34.36%$28M1.64M
2ODDITY TECH LTDSHS CL A28.96%$24M1.78M
3XPOFXPONENTIAL FITNESS INChistory →COM CL A12.10%$10M1.66M
4RENEW ENERGY GLOBAL PLCCL A SHS11.64%$10M2.09M
5EM7EMERALD HOLDING INChistory →COM7.67%$6M1.40M
6SAFESAFEHOLD INChistory →COM3.66%$3M222.6K
7TTANSERVICETITAN INChistory →SHS CL A1.42%$1M18.4K
8TLSITRISALUS LIFE SCIENCES INCCOM0.19%$159,99640.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$82M8May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$109M7Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$151M7Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$172M7Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$134M9May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$142M9Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$158M17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.0B18Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B18May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023REVEALED$1.2B40Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.2B69Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B70Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B73May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.0B77Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$597M80Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$585M90Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$645M91May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.1B119Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.7B111Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.0B106Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.4B81May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$598M39Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$478M34Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$392M27Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$370M26May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$454M18Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$745M27Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$825M26Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$808M26May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$916M25Feb 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 ↗.