Stocks/Funds/CIK 1910391

PB INVESTMENT PARTNERS, L.P.

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1910391
Assets
$127M
+0.6% YoY
Holdings
10
Lifetime alpha vs market
-6.48% annual
Average hold time
2.5 yr
median 2.9 yr

Quarterly history

Cum return +16% vs S&P +52% · α -36% lifetimeAUM $127M · peak $157MFlow $-2M (-1%)2021-122022-092023-062024-032024-122025-092026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-3.20%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.02%
steady accumulation
Rally response
-4.12%
trims into rallies
when a holding rises +10%+

Top positions · 10

Ticker$ value% portYoYHold time
HGVHilton Grand Vacations I$28M22.1%+4.6%4.5 yr
COFCapital One Financial Co$24M19.1%+3.1%3.8 yr
APOApollo Global Management$21M16.6%-17.4%4.0 yr
BLKBlackRock, Inc.$18M14.3%+3.7%1.0 yr
OMFOneMain Holdings, Inc.$11M8.4%+18.1%4.5 yr
BACBank of America Corporat$5M4.3%+19.4%4.5 yr
GBTGGlobal Business Travel G$5M4.1%-23.1%2.0 yr
NAVNNavan, Inc.$5M4.1%0.3 yr
NICENICE Ltd.$5M3.8%-28.5%0.5 yr
WLTHWealthfront Corporation$4M3.2%0.3 yr

Portfolio composition (YoY)

Industry mix
Asset Management30.9%+12.7pp$39M
Financial - Credit Services27.6%-6.5pp$35M
Gambling, Resorts & Casinos22.1%+5.1pp$28M
Software - Application15.2%+11.6pp$19M
Banks - Diversified4.3%-8.2pp$5M
Country
US96.2%-3.8pp
IL3.8%
Top 5: 80.5% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
BAC$16M+0.00B19.4%
OMF$16M+0.00B18.1%
HGV$21M+0.00B4.6%
COF$27M+0.00B3.1%
GBTG$4M-0.00B-23.1%

Losers

TickerPrev $PnLYoY %
APO$23M-0.00B-17.4%
GBTG$4M-0.00B-23.1%

Top buys this quarter · 6

NAVN Navan, Inc.new+$5M
BLK BlackRock, Inc.+$4M
WLTH Wealthfront Corporationnew+$4M
APO Apollo Global Management, Inc.+$21M
NICE NICE Ltd.+$1M
HGV Hilton Grand Vacations Inc.+$28M

Top sells this quarter · 4

BAC Bank of America Corporation$10M
OMF OneMain Holdings, Inc.$5M
COF Capital One Financial Corporat$4M
PGR The Progressive Corporationexit$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$127M10-1.85%+17.59%-19.44%-0.00B
2025-12-31$157M9+14.59%+17.72%-3.13%-0.00B
2025-09-30$147M8+21.45%+17.52%+3.93%-0.00B
2025-06-30$147M8+25.20%+14.94%+10.26%+0.01B
2025-03-31$126M8+10.42%+8.30%+2.12%-0.00B
2024-12-31$133M8+36.15%+24.89%+11.26%-0.00B
2024-09-30$118M8+32.85%+36.04%-3.18%+0.00B
2024-06-30$108M7+30.97%+24.49%+6.48%-0.02B
2024-03-31$133M8+51.11%+29.62%+21.49%-0.02B
2023-12-31$128M8+30.02%+26.18%+3.84%-0.00B
2023-09-30$117M9+23.97%+21.57%+2.40%-0.00B
2023-06-30$117M10+12.29%+19.42%-7.13%-0.01B
2023-03-31$112M11-28.91%-7.82%-21.09%-0.00B
2022-12-31$112M10+6.03%+7.56%-1.53%+0.00B
2022-09-30$102M10-6.52%-4.93%-1.59%-0.00B
2022-06-30$112M9-29.38%-16.11%-13.27%+0.01B