13F
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Bristol Gate Capital Partners Inc.

13F equity value
$1.6B
Positions
31
Top 10 concentration
51.1%
Quarters / total new picks
21 / 56
13F equity value over time
$0M$1B$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 21 quarters, returned +0.3% per quarter — versus +0.5% per quarter from simply owning every 13F stock. It beat that baseline in only 47.6% of quarters (excess t = -0.53, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.6%
t-stat
-0.53
Quarterly win rate
48%
Annualized excess
-1.8%
$1 → follow vs universe
$0.93 vs $1.03
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190331: universe 0.98520190630: universe 1.05920191231: universe 0.85520200630: universe 0.94420210331: universe 0.95220210930: universe 0.85520211231: universe 0.72720220331: universe 0.78120221231: universe 0.72520230331: universe 0.76420230630: universe 0.73720230930: universe 0.83620231231: universe 0.87420240331: universe 0.89420240630: universe 0.97520241231: universe 0.91020250331: universe 0.99220251231: universe 1.026 20180331: follow 0.99720180630: follow 0.97420180930: follow 1.03220190331: follow 1.02220190630: follow 1.09520191231: follow 0.93720200630: follow 0.98320210331: follow 1.12720210930: follow 1.06820211231: follow 0.84620220331: follow 0.95920221231: follow 0.88820230331: follow 0.80220230630: follow 0.72620230930: follow 0.85720231231: follow 1.03820240331: follow 1.05920240630: follow 1.15020241231: follow 0.94620250331: follow 0.87520251231: follow 0.933 0.67 0.95 1.24 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 31 · 2026 Q1

Ticker Value Weight QoQ
TRGP $98M
6.3%
NEW
WAB $89M
5.7%
TRIM
MCK $81M
5.3%
TRIM
WMT $81M
5.2%
NEW
TT $80M
5.1%
NEW
AMAT $77M
5.0%
TRIM
IBKR $76M
4.9%
TRIM
MA $71M
4.6%
TRIM
AVGO $70M
4.5%
ADD
LLY $70M
4.5%
TRIM
V $68M
4.4%
TRIM
SHW $67M
4.3%
TRIM
GE $67M
4.3%
TRIM
VRSK $66M
4.3%
NEW
MSCI $65M
4.2%
HOLD
TMO $63M
4.1%
TRIM
MCO $63M
4.1%
TRIM
INTU $60M
3.9%
ADD
CTAS $60M
3.8%
TRIM
APH $59M
3.8%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

CPTRGPTTVRSKWMT

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.