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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
-1.24%
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
$589M
AUM Growth
-$287M
(-33%)
Cap. Flow
-$255M
Cap. Flow
% of AUM
-43.34%
Top 10 Holdings %
Top 10 Hldgs %
97.54%
Holding
16
New
1
Increased
2
Reduced
8
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Henry Schein
HSIC
|
+$41.9M |
| 2 |
Acadia Healthcare
ACHC
|
+$28.2M |
| 3 |
CBIZ
CBZ
|
+$630K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Option Care Health
OPCH
|
+$60.9M |
| 2 |
Blackbaud
BLKB
|
+$46M |
| 3 |
Mirion Technologies
MIR
|
+$37.1M |
| 4 |
The Ensign Group
ENSG
|
+$33.1M |
| 5 |
IAS
Integral Ad Science
IAS
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 45.12% |
| 2 | Healthcare | 28.11% |
| 3 | Technology | 9.52% |
| 4 | Materials | 8.73% |
| 5 | Communication Services | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CBIZ
CBZ
$3B
| $148M | 25.14% |
1,808,955
+8,423
| +0.5% | +$630K |
|
|
2
Acadia Healthcare
ACHC
$2.62B
| $87M | 14.78% |
2,194,288
+624,288
| +40% | +$28.2M |
|
|
JBTM
3
JBT Marel
JBTM
$7.31B
| $75.4M | 12.81% |
593,558
-206,610
| -26% | -$23.8M |
|
|
4
Blackbaud
BLKB
$1.82B
| $56M | 9.52% |
758,179
-562,072
| -43% | -$46M |
|
|
IAS
5
DELISTED
Integral Ad Science
IAS
| $50.2M | 8.53% |
4,810,000
-2,544,317
| -35% | -$27.9M |
|
6
Tennant Co
TNC
$1.41B
| $42.2M | 7.16% |
517,078
-210,313
| -29% | -$18.5M |
|
|
7
Henry Schein
HSIC
$9.7B
| $40.4M | 6.86% |
+583,316
| New | +$41.9M |
|
8
Avient
AVNT
$3.36B
| $28.5M | 4.84% |
696,867
-347,968
| -33% | -$16.9M |
|
9
LivaNova
LIVN
$4.45B
| $23.7M | 4.02% |
510,802
-539,198
| -51% | -$27.6M |
|
10
H.B. Fuller
FUL
$2.98B
| $22.9M | 3.89% |
339,442
-271,884
| -44% | -$20.4M |
|
11
Enovis
ENOV
$1.69B
| $14.5M | 2.46% |
330,000
-130,000
| -28% | -$5.71M |
|
|
12
The Ensign Group
ENSG
$10.4B
| – | – |
-230,000
| Closed | -$33.1M |
|
|
13
Mirion Technologies
MIR
$3.7B
| – | – |
-3,350,000
| Closed | -$37.1M |
|
|
14
Option Care Health
OPCH
$3.36B
| – | – |
-1,945,000
| Closed | -$60.9M |
|
15
Sotera Health
SHC
$5.09B
| – | – |
-200,000
| Closed | -$3.34M |
|
16
SiteOne Landscape Supply
SITE
$4.15B
| – | – |
-30,592
| Closed | -$4.62M |
|
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P2 Capital Partners's Q4 2024 Portfolio in Review
As of Q4 2024, P2 Capital Partners held 16 positions worth $589M, down 33% from $876M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
P2 Capital Partners withdrew a net $255M in Q4 2024, closing 5 positions and reducing 8 holdings. Its most notable exit was Option Care Health, an estimated $60.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 45% of assets, up from 36% a quarter earlier, followed by Healthcare and Technology.
Against the trend, P2 Capital Partners opened a new position in Henry Schein worth $40.4M.
- P2 Capital Partners's largest Q4 2024 buy was Henry Schein: 583,316 shares worth $40.4M.
- P2 Capital Partners added most to Acadia Healthcare in Q4 2024, an estimated $28.2M increase.
- P2 Capital Partners's biggest Q4 2024 reduction was Blackbaud, cutting an estimated $46M.
- P2 Capital Partners fully exited Option Care Health in Q4 2024, selling an estimated $60.9M.
- P2 Capital Partners's ten largest holdings make up 98% of its $589M portfolio in Q4 2024.
- P2 Capital Partners opened 1 new position and closed 5 in Q4 2024.
- P2 Capital Partners's portfolio value fell 33% quarter-over-quarter to $589M.
Based on P2 Capital Partners's 13F filing for Q4 2024, filed 14 Feb 2025.