SEC 13F Intelligence

Managers / Q1 2026

Perbak Capital Partners LLP

CIK 0001968437 · 2 PORTMAN STREET, LONDON, X0, W1H 6DU · 00442039780002

Reported Value
$406M
Q1 2026
Positions
294
Filings on Record
10
2019–present window
Filed
May 15, 2026
original filing

Summary

Perbak Capital Partners LLP reported $406M in U.S.-listed holdings across 294 positions for Q1 2026.

Its largest position, Select Sector Spdr Tr, represents 18.4% of the portfolio.

Compared with Q4 2025, the fund opened 178 new positions and exited 103.

Portfolio Metrics

Turnover
+47.7%
vs prior filed quarter
Top-10 Concentration
+44.5%
share of reported value
Largest Position
+18.4%
Select Sector Spdr Tr
New / Exited
178 / 103
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 ’23: $0Q4 ’23Q1 ’24: $80MQ2 ’24: $338MQ2 ’24Q3 ’24: $142MQ4 ’24: $187MQ4 ’24Q1 ’25: $135MQ2 ’25: $442MQ2 ’25Q3 ’25: $568MQ4 ’25: $328MQ4 ’25Q1 ’26: $406Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 47.2%ETP: 46.7%Other: 4.0%REIT: 2.0%ADR: 0.1%
  • Common Stock · 47.2% · $192M
  • ETP · 46.7% · $190M
  • Other · 4.0% · $16M
  • REIT · 2.0% · $8M
  • ADR · 0.1% · $520,158

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SELECT SECTOR SPDR TRNEW+155.1K155.1K+$17M$17M
VANGUARD INDEX FDSNEW+97.5K97.5K+$9M$9M
XLBSELECT SECTOR SPDR TRNEW+171.2K171.2K+$9M$9M
SELECT SECTOR SPDR TRNEW+58.3K58.3K+$9M$9M
BAHBOOZ ALLEN HAMILTON HLDG CORNEW+78.4K78.4K+$6M$6M
NOCNORTHROP GRUMMAN CORPNEW+5.9K5.9K+$4M$4M
ACCENTURE PLC IRELANDNEW+20.3K20.3K+$4M$4M
LMTLOCKHEED MARTIN CORPNEW+6.3K6.3K+$4M$4M

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

Holdings — Q1 2026

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLBSELECT SECTOR SPDR TRSTATE STREET IND · STATE STREET CON · STATE STREET MAT · STATE STREET HEA30.77%$125M1.05M
2SPDR SERIES TRUSTSTATE STREET SPD3.82%$16M249.7K
3VANECK ETF TRUSTOIL SERVICES ETF3.39%$14M34.1K
4INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT2.74%$11M58.0K
5STATE STR SPDR S&P 500 ETF TTR UNIT2.68%$11M16.8K
6VANGUARD INDEX FDSREAL ESTATE ETF2.13%$9M97.5K
7BAHBOOZ ALLEN HAMILTON HLDG CORhistory →CL A1.51%$6M78.4K
8ISHARES TRISHARES SEMICDTR1.12%$5M13.8K
9DKNGDRAFTKINGS INC NEWhistory →COM CL A1.01%$4M188.9K
10NOCNORTHROP GRUMMAN CORPCOM0.99%$4M5.9K
11ACCENTURE PLC IRELANDSHS CLASS A0.99%$4M20.3K
12LMTLOCKHEED MARTIN CORPCOM0.93%$4M6.3K
13GE AEROSPACECOM NEW0.83%$3M12.0K
14GDGENERAL DYNAMICS CORPCOM0.81%$3M9.6K
15RTXRTX CORPORATIONCOM0.76%$3M16.1K
16SAROSTANDARDAERO INCCOM0.70%$3M109.8K
17SLGNSILGAN HLDGS INCCOM0.63%$3M65.5K
18PKGPACKAGING CORP AMERCOM0.53%$2M10.2K
19NVENT ELEC PLCSHS0.46%$2M16.0K
20MODMODINE MFG COCOM0.45%$2M8.5K
21LSTRLANDSTAR SYS INCCOM0.45%$2M11.4K
22IPINTERNATIONAL PAPER COCOM0.45%$2M50.9K
23CNCCENTENE CORP DELCOM0.45%$2M55.4K
24VRTVERTIV HOLDINGS COCOM CL A0.45%$2M7.2K
25KTOSKRATOS DEFENSE & SEC SOLUTIOCOM NEW0.41%$2M23.5K
26HUMHUMANA INCCOM0.39%$2M9.2K
27CVSCVS HEALTH CORPCOM0.35%$1M20.1K
28ADSKAUTODESK INCCOM0.34%$1M5.8K
29EXPDEXPEDITORS INTL WASH INCCOM0.31%$1M8.8K
30PTCPTC INCCOM0.31%$1M8.8K
31GEVGE VERNOVA INCCOM0.29%$1M1.4K
32ALKERMES PLCSHS0.27%$1M31.2K
33CHRWC H ROBINSON WORLDWIDE INCOM NEW0.26%$1M6.4K
34RFREGIONS FINANCIAL CORP NEWCOM0.26%$1M39.9K
35CITHE CIGNA GROUPCOM0.26%$1M3.9K
36FNBF N B CORPCOM0.26%$1M62.0K
37MOHMOLINA HEALTHCARE INCCOM0.25%$1M7.8K
38LOWLOWES COS INCCOM0.25%$1M4.4K
39PJTPJT PARTNERS INCCOM CL A0.25%$1M7.3K
40HWCHANCOCK WHITNEY CORPORATIONCOM0.25%$1M16.1K
41PBPROSPERITY BANCSHARES INCCOM0.25%$1M15.2K
42GNWGENWORTH FINL INCCOM SHS0.25%$1M125.5K
43ESSENT GROUP LTDCOM0.25%$1M17.4K
44SCISERVICE CORP INTLCOM0.25%$1M12.3K
45TJXTJX COS INC NEWCOM0.25%$1M6.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$406M294May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$328M219Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$568M288Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$442M275Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$135M194May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$187M65Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$142M31Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$338M55Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$80M11May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$01Feb 14, 202413F-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 ↗.