13F
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Distillate Capital Partners LLC

13F equity value
$1.9B
Positions
118
Top 10 concentration
20.3%
Quarters / total new picks
20 / 451
13F equity value over time
$0M$1B$2B2020202120222023202420252026

"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 20 quarters, returned +0.9% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 40.0% of quarters (excess t = 0.43, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.6%
t-stat
0.43
Quarterly win rate
40%
Annualized excess
-3.5%
$1 → follow vs universe
$1.14 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.03020210630: follow 1.06020210930: follow 1.01720211231: follow 0.85920220331: follow 0.84020220630: follow 0.81020220930: follow 0.88920221231: follow 0.82420230331: follow 0.86020230630: follow 0.83520230930: follow 0.93520231231: follow 0.97320240331: follow 1.01520240630: follow 1.08820240930: follow 1.08120241231: follow 1.04620250331: follow 1.07920250630: follow 1.08620250930: follow 1.17220251231: follow 1.138 0.74 1.10 1.45 20212022202320242025 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 118 · 2026 Q1

Ticker Value Weight QoQ
ABBV $57M
3.0%
ADD
MRK $54M
2.8%
HOLD
CRM $40M
2.1%
ADD
TMUS $37M
2.0%
TRIM
UBER $34M
1.8%
ADD
CMCSA $34M
1.8%
HOLD
BKNG $34M
1.8%
ADD
QCOM $33M
1.7%
ADD
ACN $31M
1.6%
ADD
ADBE $31M
1.6%
ADD
ABT $29M
1.5%
NEW
CI $29M
1.5%
HOLD
MPC $28M
1.5%
TRIM
MO $27M
1.4%
HOLD
PYPL $24M
1.3%
ADD
MRSH $24M
1.3%
ADD
FANG $24M
1.3%
TRIM
ADP $23M
1.2%
ADD
PR $22M
1.2%
HOLD
REGN $22M
1.2%
HOLD

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

ABTALLEALSNAONBBYBRBWADASHDOCUFBINGINCYMEDPMTDRNTNXQRVORDDTRGLDRRCTOSTTRUTTCTTDUNHUSDVEEVWDAYWMSZTS

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.