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PCP
P2 Capital Partners Portfolio holdings
AUM
$210M
1-Year Est. Return
1.23%
This Fund
S&P 500
This Quarter
Est. Return
+7.5%
1 Year Est. Return
-1.23%
3 Year Est. Return
-0.1%
5 Year Est. Return
+17.4%
10 Year Est. Return
+173.91%
AUM
$780M
AUM Growth
+$23.7M
(+3.1%)
Cap. Flow
-$17.3M
Cap. Flow
% of AUM
-2.22%
Top 10 Holdings %
Top 10 Hldgs %
87.1%
Holding
16
New
1
Increased
3
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JBTM
JBT Marel
JBTM
|
+$19.7M |
| 2 |
RCM
R1 RCM Inc. Common Stock
RCM
|
+$18.6M |
| 3 |
Tennant Co
TNC
|
+$6.57M |
| 4 |
Blackbaud
BLKB
|
+$5.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
|
+$26.5M |
| 2 |
Mirion Technologies
MIR
|
+$21M |
| 3 |
Outfront Media
OUT
|
+$20.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 43.17% |
| 2 | Healthcare | 19.65% |
| 3 | Technology | 15.55% |
| 4 | Materials | 13.88% |
| 5 | Financials | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CBIZ
CBZ
$3B
| $137M | 17.51% |
2,759,595
| – | – |
|
|
2
Blackbaud
BLKB
$1.82B
| $121M | 15.55% |
1,750,000
+100,000
| +6% | +$5.99M |
|
3
Acadia Healthcare
ACHC
$2.62B
| $99M | 12.69% |
1,370,000
| – | – |
|
|
AVTA
4
DELISTED
Avantax, Inc. Common Stock
AVTA
| $60.5M | 7.76% |
2,300,000
| – | – |
|
5
H.B. Fuller
FUL
$2.98B
| $58.8M | 7.54% |
858,813
| – | – |
|
6
Avient
AVNT
$3.36B
| $49.5M | 6.34% |
1,202,435
| – | – |
|
|
7
Tennant Co
TNC
$1.41B
| $48.8M | 6.25% |
711,530
+96,947
| +16% | +$6.57M |
|
8
SiteOne Landscape Supply
SITE
$4.15B
| $39.2M | 5.02% |
286,211
| – | – |
|
9
LivaNova
LIVN
$4.45B
| $37M | 4.75% |
850,000
| – | – |
|
|
RCM
10
DELISTED
R1 RCM Inc. Common Stock
RCM
| $28.9M | 3.7% |
1,924,027
+1,360,758
| +242% | +$18.6M |
|
|
AQUA
11
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $28.2M | 3.61% |
566,475
-566,900
| -50% | -$26.5M |
|
|
12
Mirion Technologies
MIR
$3.7B
| $24.6M | 3.15% |
2,878,368
-2,648,567
| -48% | -$21M |
|
|
JBTM
13
JBT Marel
JBTM
$7.31B
| $20.4M | 2.61% |
+186,244
| New | +$19.7M |
|
|
PINC
14
DELISTED
Premier
PINC
| $17.2M | 2.21% |
532,201
| – | – |
|
|
ENV
15
DELISTED
ENVESTNET, INC.
ENV
| $10.3M | 1.32% |
175,000
| – | – |
|
|
16
Outfront Media
OUT
$5.62B
| – | – |
-1,269,969
| Closed | -$20.7M |
|
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P2 Capital Partners's Q1 2023 Portfolio in Review
As of Q1 2023, P2 Capital Partners held 16 positions worth $780M, up 3.1% from $756M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
P2 Capital Partners's Q1 2023 filing shows 1 new, 3 increased, 2 reduced and 1 closed positions. Its largest new stake was JBT Marel: 186,244 shares worth $20.4M. The largest sale was Evoqua Water Technologies Corp. Common Stock, an estimated $26.5M.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, up from 40% a quarter earlier, followed by Healthcare and Technology.
- P2 Capital Partners's largest Q1 2023 buy was JBT Marel: 186,244 shares worth $20.4M.
- P2 Capital Partners added most to R1 RCM Inc. Common Stock in Q1 2023, an estimated $18.6M increase.
- P2 Capital Partners's biggest Q1 2023 reduction was Evoqua Water Technologies Corp. Common Stock, cutting an estimated $26.5M.
- P2 Capital Partners fully exited Outfront Media in Q1 2023, selling an estimated $20.7M.
- P2 Capital Partners's ten largest holdings make up 87% of its $780M portfolio in Q1 2023.
- P2 Capital Partners opened 1 new position and closed 1 in Q1 2023.
- P2 Capital Partners's portfolio value rose 3.1% quarter-over-quarter to $780M.
Based on P2 Capital Partners's 13F filing for Q1 2023, filed 15 May 2023.