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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
+14.14%
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
$909M
AUM Growth
+$144M
Cap. Flow
+$41.2M
Cap. Flow %
4.53%
Top 10 Hldgs %
87.56%
Holding
16
New
2
Increased
5
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
JBTM
JBT Marel
JBTM
+$16.2M
2
OPCH icon
Option Care Health
OPCH
+$11.9M
3
RCM
R1 RCM Inc. Common Stock
RCM
+$11.7M
4
IAS
Integral Ad Science
IAS
+$10.4M
5
SITE icon
SiteOne Landscape Supply
SITE
+$7.29M

Top Sells

Rank Stock Value
1
FUL icon
H.B. Fuller
FUL
+$9.23M
2
BLKB icon
Blackbaud
BLKB
+$7.34M
3
CBZ icon
CBIZ
CBZ
+$4.74M

Sector Composition

Rank Sector Weight
1 Industrials 47.26%
2 Healthcare 23.67%
3 Technology 15.77%
4 Materials 12.08%
5 Communication Services 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CBZ icon
1
CBIZ
CBZ
$3B
$156M 17.19%
2,495,197
-84,022
-3% -$4.74M
BLKB icon
2
Blackbaud
BLKB
$1.82B
$143M 15.77%
1,652,939
-97,061
-6% -$7.34M
ACHC icon
3
Acadia Healthcare
ACHC
$2.62B
$107M 11.72%
1,370,000
– –
TNC icon
4
Tennant Co
TNC
$1.41B
$66M 7.26%
711,530
– –
MIR icon
5
Mirion Technologies
MIR
$3.7B
$59.9M 6.6%
5,847,122
+474,414
+9% +$4M
FUL icon
6
H.B. Fuller
FUL
$2.98B
$59.7M 6.57%
733,813
-125,000
-15% -$9.23M
JBTM
7
JBT Marel
JBTM
$7.31B
$55.3M 6.09%
556,442
+156,241
+39% +$16.2M
SITE icon
8
SiteOne Landscape Supply
SITE
$4.15B
$54.6M 6.01%
336,211
+50,000
+17% +$7.29M
AVNT icon
9
Avient
AVNT
$3.36B
$50M 5.5%
1,202,435
– –
LIVN icon
10
LivaNova
LIVN
$4.45B
$44M 4.84%
850,000
– –
SHC icon
11
Sotera Health
SHC
$5.09B
$39.6M 4.36%
2,350,000
+500,000
+27% +$7.08M
RCM
12
DELISTED
R1 RCM Inc. Common Stock
RCM
$37.4M 4.11%
3,535,294
+1,030,277
+41% +$11.7M
OPCH icon
13
Option Care Health
OPCH
$3.36B
$13M 1.43%
+386,446
New +$11.9M
PINC
14
DELISTED
Premier
PINC
$11.9M 1.31%
532,201
– –
IAS
15
DELISTED
Integral Ad Science
IAS
$11.1M 1.23%
+774,400
New +$10.4M
RCM
16
PUT
DELISTED
R1 RCM Inc. Common Stock
RCM
– –
-2,500,000
Closed -$5.98M

Similar funds

RWRC
R.W. Roge & Company Bohemia, New York $210M AUM 18.75% 1-Year Est. Return
TP
Thayer Partners Wyndmoor, Pennsylvania $210M AUM
GHP
Great Hill Partners Boston, Massachusetts $210M AUM 134.81% 1-Year Est. Return
BSCCG
Blue Sky Capital Consultants Group Poway, California $210M AUM 28.65% 1-Year Est. Return
CAM
Chou Associates Management Toronto, Ontario, Canada $210M AUM 15.42% 1-Year Est. Return
ESC
Eurizon SLJ Capital London $210M AUM
FSA
Financial Services Advisory Rockville, Maryland $210M AUM 19.93% 1-Year Est. Return
WI
Westbourne Investments Arlington, Virginia $210M AUM 40.95% 1-Year Est. Return

P2 Capital Partners's Q4 2023 Portfolio in Review

As of Q4 2023, P2 Capital Partners held 16 positions worth $909M, up 19% from $764M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

P2 Capital Partners deployed $41.2M of net new capital in Q4 2023, opening 2 new positions and adding to 5 existing holdings. Its largest new stake was Option Care Health: 386,446 shares worth $13M.

By sector, the portfolio is most concentrated in Industrials at 47% of assets, up from 46% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was H.B. Fuller, an estimated $9.23M trimmed.

  • P2 Capital Partners's largest Q4 2023 buy was Option Care Health: 386,446 shares worth $13M.
  • P2 Capital Partners added most to JBT Marel in Q4 2023, an estimated $16.2M increase.
  • P2 Capital Partners's biggest Q4 2023 reduction was H.B. Fuller, cutting an estimated $9.23M.
  • P2 Capital Partners's ten largest holdings make up 88% of its $909M portfolio in Q4 2023.
  • P2 Capital Partners opened 2 new positions and closed 1 in Q4 2023.
  • P2 Capital Partners's portfolio value rose 19% quarter-over-quarter to $909M.

Based on P2 Capital Partners's 13F filing for Q4 2023, filed 14 Feb 2024.