Managers / Q1 2026
WestCap Management, LLC
CIK 0001838470 · 590 PACIFIC AVENUE, SAN FRANCISCO, CA, 94133 · (646) 645-4356
Summary
Westcap Management, LLC reported $195M in U.S.-listed holdings across 2 positions for Q1 2026.
The portfolio is heavily concentrated: STUB alone accounts for 92.8% of reported value.
The book was largely unchanged from Q4 2025.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $195M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| STUBSTUBHUB HLDGS INC | TRIMMED | −2.74M | 28.99M | −$248M | $181M |
| KLARKLARNA GROUP PLC | HELD | +0 | 1.07M | −$17M | $14M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STUBSTUBHUB HLDGS INChistory → | CL A | 92.82% | $181M | 28.99M |
| 2 | KLARKLARNA GROUP PLChistory → | SHS | 7.18% | $14M | 1.07M |
Filing History
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 ↗.