P2 Capital Partners, LLC

CIK 1406313 · View on SEC EDGAR ↗

Portfolio value
$245.6M
#5,788 of 9,443 by 13F value · top 61.3%
Positions
12
As of
June 30, 2026

Portfolio value QoQ: +17.0% 13F does not disclose cash

Top 10 holdings weight
96.68%
Top 25 holdings weight
100.00%
Positions above 1%
11
Effective number of positions
8.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 9.28% Est. buys $24,434,046 · sells $21,144,198

Median holding: 6.5 quarters Tracked Q4 2024–Q2 2026 · 75.0% still held

New positions
2
Increased
1
Decreased
5
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
-24.6%
S&P 500 total return (same window)
+28.1%
Excess return
-52.7%

Annualized: -17.2% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 2.2%

Sector breakdown

Industrials
49.1%
Health Care
33.6%
Technology
13.2%
Diversified Consumer Services
4.1%

Full portfolio 12 positions

Type Streak 8Q trend
ACHC Acadia Healthcare Company, Inc. - Common Stock $52,400,513 21.34% 1,774,484 $10,895,332
CBZ CBIZ, Inc. Common Stock $36,474,126 14.85% 1,136,974 $5,847,029 Down ×2
JBTM JBT Marel Corporation Common Stock $32,693,150 13.31% 225,470 $3,862,301
HSIC Henry Schein, Inc. - Common Stock $22,089,871 9.00% 264,486 $17,753 Down ×2
TNC Tennant Company Common Stock $19,718,823 8.03% 225,255 $-480,522 Down ×2
ZETA Zeta Global Holdings Corp. Class A Common Stock $18,105,600 7.37% 920,000 $3,538,800 Up ×1
MSA MSA Safety Incorporated Common Stock $17,303,846 7.05% 99,117 $372,893 Down ×2
BLKB Blackbaud, Inc. - Common Stock $14,302,728 5.82% 482,874 $-4,341,037
CWST Casella Waste Systems, Inc. - Class A Common Stock $14,277,475 5.81% 147,236 Up ×1
LRN Stride, Inc. Common Stock $10,058,171 4.10% 116,630 Up ×1
ENOV Enovis Corporation Common Stock $6,624,000 2.70% 320,000 $-656,000
LIVN LivaNova PLC - Ordinary Shares $1,517,308 0.62% 18,452 $-7,745,227 Down ×2

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
CWST $14,277,475 147,236 5.81%
LRN $10,058,171 116,630 4.10%

Top movers (QoQ)

Security Action Shares Δ Value Δ
ACHC Price move only +0 +$10.9M
CBZ Trimmed -4K +$5.8M
BLKB Price move only +0 -$4.3M
JBTM Price move only +0 +$3.9M
ZETA Bought more +5K +$3.5M
ENOV Price move only +0 -$656K
TNC Trimmed -79K -$481K
MSA Trimmed -4K +$373K
HSIC Trimmed -35K +$18K

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
ACHC Dec. 31, 2025 2,337,188 $57,868,775 95.3%
IAS Dec. 31, 2025 4,830,805 $49,129,287 No longer tracked
AVNT March 31, 2026 624,934 $19,522,938 20.1%
FUL June 30, 2025 284,442 $15,962,885 -0.5%