SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Nitorum Capital, L.P.

CIK 0001630243 · 860 PARK AVENUE, NEW YORK, NY, 10075 · 212-356-6300

Reported Value
$452M
Q4 2025
Positions
25
Filings on Record
31
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Nitorum Capital, L.P. reported $452M in U.S.-listed holdings across 25 positions for Q4 2025.

Its largest position, CHR, represents 10.4% of the portfolio.

Compared with Q3 2025, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+63.2%
share of reported value
Largest Position
+10.4%
Churchill Downs
New / Exited
1 / 3
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: $978MQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.8BQ3 ’19: $1.7BQ4 ’19: $1.8BQ4 ’19Q1 ’20: $1.3BQ2 ’20: $1.9BQ3 ’20: $2.3BQ4 ’20: $2.6BQ4 ’20Q1 ’21: $2.0BQ2 ’21: $2.2BQ3 ’21: $2.1BQ4 ’21: $2.1BQ4 ’21Q1 ’22: $1.5BQ2 ’22: $1.4BQ3 ’22: $1.1BQ4 ’22: $1.1BQ4 ’22Q1 ’23: $944MQ2 ’23: $989MQ3 ’23: $915MQ4 ’23: $935MQ4 ’23Q1 ’24: $982MQ2 ’24: $917MQ3 ’24: $994MQ4 ’24: $870MQ4 ’24Q1 ’25: $712MQ2 ’25: $674MQ3 ’25: $569MQ4 ’25: $452MQ4 ’25Q1 ’26: $114Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 93.9%Other: 6.1%
  • Common Stock · 93.9% · $425M
  • Other · 6.1% · $28M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AZZAZZ INCNEW+88.6K88.6K+$9M$9M
FISVFISERV INCSOLD OUT−196.2K0−$25M$0
FUNSIX FLAGS ENTERTAINMENT CORPSOLD OUT−821.8K0−$19M$0
PRMBPRIMO BRANDS CORPORATIONSOLD OUT−807.5K0−$18M$0
CNNECANNAE HLDGS INCTRIMMED−782.0K568.7K−$16M$9M
FISFIDELITY NATL INFORMATION SVTRIMMED−145.1K129.4K−$9M$9M
WBSWEBSTER FINL CORPTRIMMED−93.5K147.2K−$5M$9M
MNKDMANNKIND CORPTRIMMED−1.24M5.33M−$5M$30M

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

Holdings — Q4 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CHRCHURCHILL DOWNS INChistory →COM10.41%$47M414.1K
2MLMMARTIN MARIETTA MATLS INChistory →COM10.07%$46M73.2K
3MNKDMANNKIND CORPhistory →COM NEW6.68%$30M5.33M
4RBARB GLOBAL INChistory →COM6.28%$28M276.1K
5DELLDELL TECHNOLOGIES INChistory →CL C6.04%$27M217.0K
6BYDBOYD GAMING CORPhistory →COM4.92%$22M261.3K
7ICUIICU MED INChistory →COM4.85%$22M153.7K
8VMIVALMONT INDS INChistory →COM4.80%$22M53.9K
9LAURLAUREATE EDUCATION INChistory →COMMON STOCK4.77%$22M640.9K
10PSMTPRICESMART INChistory →COM4.37%$20M161.0K
11UTHUNITED THERAPEUTICS CORP DELhistory →COM3.99%$18M37.0K
12ONESPAWORLD HOLDINGS LIMITEDCOM3.67%$17M801.4K
13GNRCGENERAC HLDGS INChistory →COM3.53%$16M117.2K
14FCNFTI CONSULTING INChistory →COM3.09%$14M81.9K
15QIAGEN NVCOM SHS2.43%$11M244.8K
16BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.38%$11M21.4K
17AZZAZZ INChistory →COM2.10%$9M88.6K
18MAMASTERCARD INCORPORATEDhistory →CL A2.08%$9M16.5K
19WBSWEBSTER FINL CORPhistory →COM2.05%$9M147.2K
20GNTXGENTEX CORPhistory →COM2.03%$9M394.9K
21EVREVERCORE INChistory →CLASS A2.00%$9M26.6K
22CNNECANNAE HLDGS INChistory →COM1.98%$9M568.7K
23FISFIDELITY NATL INFORMATION SVhistory →COM1.90%$9M129.4K
24EBAEBAY INC.history →COM1.80%$8M93.7K
25CPRTCOPART INChistory →COM1.78%$8M205.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$114M20May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$452M25Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$569M27Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$674M28Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$712M28May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$870M26Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$994M28Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$917M27Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$982M28May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$935M28Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$915M27Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$989M27Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$944M26May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B26Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B29Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.4B32Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.5B33May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.1B38Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.1B39Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.2B42Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021REVEALED$2.0B39May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.6B33Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.3B33Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.9B30Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.3B25May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.8B26Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.7B26Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.8B28Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B27May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$978M27Feb 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 ↗.