13F
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Hudson Way Capital Management LLC

13F equity value
$1.0B
Positions
16
Top 10 concentration
77.6%
Quarters / total new picks
25 / 47
13F equity value over time
$0M$629M$1B2017201820192020202120222023202420252026

"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 25 quarters, returned +2.8% per quarter — versus +3.9% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = 0.58, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.5%
t-stat
0.58
Quarterly win rate
60%
Annualized excess
-10.2%
$1 → follow vs universe
$1.35 vs $2.40
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180930: universe 1.08920181231: universe 1.07720190331: universe 1.05820190630: universe 1.13820190930: universe 1.22320191231: universe 0.98720200331: universe 1.19020200630: universe 1.31420200930: universe 1.61220201231: universe 1.68620210331: universe 1.70120210630: universe 1.83720210930: universe 1.64920220331: universe 1.77020220630: universe 1.64020220930: universe 1.76120230331: universe 1.85620230630: universe 1.78920231231: universe 1.86920240331: universe 1.91120240930: universe 1.89520250331: universe 2.06620250930: universe 2.32320251231: universe 2.403 20180331: follow 0.96520180930: follow 0.94820181231: follow 1.10120190331: follow 1.07720190630: follow 1.12720190930: follow 1.30820191231: follow 0.64420200331: follow 0.78320200630: follow 0.88020200930: follow 0.94220201231: follow 1.22520210331: follow 1.36320210630: follow 1.61220210930: follow 1.44520220331: follow 1.60020220630: follow 1.49720220930: follow 1.67120230331: follow 1.78220230630: follow 1.76920231231: follow 1.95920240331: follow 2.05820240930: follow 2.16020250331: follow 1.90920250930: follow 1.90120251231: follow 1.350 0.59 1.59 2.60 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 16 holdings of 16 · 2026 Q1

Ticker Value Weight QoQ
KKR $144M
13.7%
ADD
V $101M
9.6%
ADD
SGI $95M
9.1%
ADD
HLT $80M
7.7%
TRIM
CHDN $78M
7.5%
TRIM
SPOT $76M
7.2%
ADD
SPGI $72M
6.9%
ADD
GWRE $62M
5.9%
ADD
TDG $57M
5.5%
TRIM
GIL $47M
4.5%
TRIM
TYL $45M
4.3%
ADD
CTAS $44M
4.2%
NEW
SSNC $44M
4.2%
TRIM
WWD $43M
4.1%
NEW
AXON $35M
3.3%
TRIM
RKT $22M
2.1%
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

CTASWWD

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.