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Hedge fund

Prana Capital Management, LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1710951

Reported value
$3.3bn
97% in companies we cover
Positions we cover
114
Largest BLK 6.6%
Copy, a year
+13.5%
S&P 500 +14.1%
Copy Sharpe ratio
0.55
S&P 500 0.67

How copying its 13F would have done

$10.0k$20.0k 201820192020202120222023202420252026 $31.6k$30.1k
CopyS&P 500 $10,000 copying Prana Capital Management, LP's filed holdings in companies we cover from February 16, 2018, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −40.2% (S&P 500 −31.8%); beta 1.07; alpha −0.5% a year (t = −0.13); last 12 months +13.2% against +12.1%.

Reported value by quarter

Prana Capital Management, LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2017-12-31: $293.3M Reported value, 2018-03-31: $340M Reported value, 2018-06-30: $374.7M Reported value, 2018-09-30: $461.7M Reported value, 2018-12-31: $464.6M Reported value, 2019-03-31: $649.5M Reported value, 2019-06-30: $557.1M Reported value, 2019-09-30: $555.3M Reported value, 2019-12-31: $682.9M Reported value, 2020-03-31: $343.4M Reported value, 2020-06-30: $734.5M Reported value, 2020-09-30: $576.2M Reported value, 2020-12-31: $766.2M Reported value, 2021-03-31: $1.2B Reported value, 2021-06-30: $1.5B Reported value, 2021-09-30: $1.1B Reported value, 2021-12-31: $1.3B Reported value, 2022-03-31: $1.3B Reported value, 2022-06-30: $1.3B Reported value, 2022-09-30: $1.5B Reported value, 2022-12-31: $1.3T Reported value, 2023-03-31: $1.2B Reported value, 2023-06-30: $1.5B Reported value, 2023-09-30: $1.5B Reported value, 2023-12-31: $1.7B Reported value, 2024-03-31: $2.2B Reported value, 2024-06-30: $2.1B Reported value, 2024-09-30: $2.2B Reported value, 2024-12-31: $2.1B Reported value, 2025-03-31: $2.5B Reported value, 2025-06-30: $2.8B Reported value, 2025-09-30: $3B Reported value, 2025-12-31: $2.8B Reported value, 2026-03-31: $3.3B Reported value, 2026-06-30: $3.3B 2017-12-31 2019-09-30 2021-06-30 2023-03-31 2024-12-31 2026-06-30 $3.3B
View chart data
Period Reported value
2017-12-31 $293.3M
2018-03-31 $340M
2018-06-30 $374.7M
2018-09-30 $461.7M
2018-12-31 $464.6M
2019-03-31 $649.5M
2019-06-30 $557.1M
2019-09-30 $555.3M
2019-12-31 $682.9M
2020-03-31 $343.4M
2020-06-30 $734.5M
2020-09-30 $576.2M
2020-12-31 $766.2M
2021-03-31 $1.2B
2021-06-30 $1.5B
2021-09-30 $1.1B
2021-12-31 $1.3B
2022-03-31 $1.3B
2022-06-30 $1.3B
2022-09-30 $1.5B
2022-12-31 $1.3T
2023-03-31 $1.2B
2023-06-30 $1.5B
2023-09-30 $1.5B
2023-12-31 $1.7B
2024-03-31 $2.2B
2024-06-30 $2.1B
2024-09-30 $2.2B
2024-12-31 $2.1B
2025-03-31 $2.5B
2025-06-30 $2.8B
2025-09-30 $3B
2025-12-31 $2.8B
2026-03-31 $3.3B
2026-06-30 $3.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
BLKBlackRock6.62%$217.1m225.7K−7.1% Reduced
BACBank of America6.24%$204.7m3.59M−6.1% Reduced
MAMastercard5.58%$183.0m356.3K−5.1% Reduced
CBChubb Limited5.09%$167.0m490.1K+3729.6% Added
HDThe Home Depot4.27%$140.0m397.0K+24.9% Added
HBANHuntington Bancshares4.27%$140.0m7.90M−1.6% Reduced
TFCTruist Financial3.86%$126.7m2.54M−13.6% Reduced
WFCWells Fargo3.27%$107.1m1.30M−1.2% Reduced
ICEIntercontinental Exchange2.92%$95.7m777.4K−30.7% Reduced
LPLALPL Financial Holdings Inc.2.74%$89.8m318.9K+29.0% Added
LENLennar2.64%$86.4m955.3K+12.6% Added
KEYKeyCorp2.58%$84.7m3.67M−5.7% Reduced
CFGCitizens Financial Group2.54%$83.2m1.19M+215.2% Added
HCAHCA Healthcare2.30%$75.6m193.8K+123.4% Added
SPGIS&P Global2.07%$67.8m166.4KNew
RGAReinsurance Group Of America Inc1.96%$64.3m302.4K+38.4% Added
PHMPulteGroup1.84%$60.5m441.0K+3366.9% Added
ELVElevance Health1.84%$60.2m155.7K−32.0% Reduced
STTState Street Corporation1.78%$58.3m343.5K−49.4% Reduced
AJGArthur J. Gallagher & Co.1.57%$51.5m224.3KNew
RFRegions Financial Corporation1.39%$45.4m1.50M+20.1% Added
WTWWillis Towers Watson1.37%$45.0m172.2K+40.4% Added
TGTTarget Corporation1.31%$42.9m328.8K+19.6% Added
PAYXPaychex1.20%$39.3m400.1K+554.4% Added
NDAQNasdaq, Inc.1.11%$36.6m463.9K+14.5% Added
AIGAmerican International Group1.07%$35.3m473.2K−29.7% Reduced
CGCarlyle Group Inc.1.04%$34.3m813.6K+25.1% Added
SFStifel Financial Corp1.02%$33.4m478.3K+12.8% Added
UNHUnitedHealth Group0.99%$32.4m78.0KNew
HIGThe Hartford0.95%$31.3m235.9KNew
HUMHumana0.89%$29.1m73.4KNew
FISVFiserv0.83%$27.2m555.2K−1.5% Reduced
FCNCAFirst Citizens Bancshares Inc0.83%$27.2m13.1K+14.3% Added
WCNWaste Connections, Inc.0.72%$23.6m141.3K+9.8% Added
RKTRocket Companies, Inc.0.69%$22.7m1.44M+4.7% Added
GPNGlobal Payments0.66%$21.7m299.5K−20.4% Reduced
NTRSNorthern Trust0.66%$21.6m124.1K−65.3% Reduced
FISFidelity National Information Services0.64%$20.9m537.3K−27.8% Reduced
DKSDick's Sporting Goods, Inc.0.62%$20.3m89.4K+550.2% Added
EQHEquitable Holdings, Inc.0.60%$19.6m445.8KNew
CTASCintas0.59%$19.3m113.4K+2810.7% Added
AMHAmerican Homes 4 Rent0.59%$19.3m574.9K−45.4% Reduced
CCitigroup0.53%$17.3m123.8K+1084.2% Added
JKHYJack Henry & Associates Inc0.51%$16.8m122.1K−15.0% Reduced
SSNCSS&C Technologies Holdings Inc0.46%$15.0m241.7K−40.3% Reduced
EGEverest Group0.45%$14.9m41.7K−36.6% Reduced
MCMoelis & Co0.44%$14.3m219.3K+21.0% Added
LNCLincoln National Corp0.40%$13.1m371.4K+408.0% Added
CRMSalesforce0.39%$12.7m81.2KNew
CINFCincinnati Financial0.39%$12.7m68.4KNew
SEICSEI Investments Co0.37%$12.2m139.2K−70.0% Reduced
CBRECBRE Group0.36%$11.8m87.5KNew
AXSAxis Capital Holdings LTD0.36%$11.7m108.7K+44.9% Added
XYZBlock, Inc.0.35%$11.4m150.2KNew
UNMUnum Group0.34%$11.2m125.5K+447.2% Added
WRBW. R. Berkley Corporation0.34%$11.0m155.9K+12.2% Added
CPAYCorpay0.31%$10.2m30.6K−43.2% Reduced
CSGPCoStar Group0.31%$10.1m356.5K−30.8% Reduced
HLIHoulihan Lokey, Inc.0.29%$9.6m71.9KNew
GLGlobe Life0.28%$9.2m51.6K−52.1% Reduced
ACNAccenture0.26%$8.7m69.6K−79.9% Reduced
ARESAres Management0.26%$8.5m76.6K+169.8% Added
SPGSimon Property Group0.23%$7.7m34.3K−74.2% Reduced
LOWLowe's0.23%$7.5m34.1K−70.5% Reduced
BXBlackstone Inc.0.22%$7.3m61.8K+284.9% Added
VRSKVerisk Analytics, Inc.0.22%$7.2m40.1K−23.8% Reduced
EVREvercore Inc.0.21%$6.9m20.3K−40.9% Reduced
EPAMEPAM Systems, Inc.0.20%$6.4m81.2K+4.9% Added
FOURShift4 Payments, Inc.0.19%$6.4m130.7K+84.4% Added
MOHMolina Healthcare, Inc.0.18%$6.1m26.5K−51.0% Reduced
STEPStepstone Group Inc.0.18%$5.9m143.2K+115.4% Added
LAZLazard, Inc.0.17%$5.5m130.2K−1.4% Reduced
FAFFirst American Financial Corp0.16%$5.3m77.0K+24.0% Added
COINCoinbase0.15%$4.9m33.7K−45.6% Reduced
PRIPrimerica, Inc.0.14%$4.7m16.4K−16.9% Reduced
BENFranklin Resources0.14%$4.5m135.7K−54.7% Reduced
NVRNVR, Inc.0.14%$4.5m660−62.2% Reduced
MKTXMarketaxess Holdings Inc0.13%$4.3m37.9K+19.9% Added
EFXEquifax0.12%$4.1m25.6KNew
ACIAlbertsons Companies, Inc.0.11%$3.5m262.0KNew
ZIONZions Bancorporation, National Association0.10%$3.3m47.0K+304.0% Added
BAMBrookfield Asset Management Ltd.0.09%$3.0m66.5K+485.0% Added
IVZInvesco0.09%$2.9m111.1K+135.3% Added
ROLRollins, Inc.0.08%$2.5m60.3K+19.6% Added
FICOFair Isaac0.07%$2.4m2.0K−77.2% Reduced
ITGartner0.06%$2.1m16.2KNew
BJBj's Wholesale Club Holdings, Inc.0.06%$2.0m22.8KNew
JEFJefferies Financial Group Inc.0.05%$1.8m35.6K−86.2% Reduced
WDAYWorkday, Inc.0.04%$1.4m11.4K−74.3% Reduced
FHNFirst Horizon Corp0.04%$1.4m54.6K+11.0% Added
UWMCUWM Holdings Corp0.04%$1.4m608.6K+387.1% Added
SHOPShopify Inc.0.03%$1.1m9.3KNew
AZOAutoZone0.03%$1.0m322+261.8% Added
INVHInvitation Homes0.03%$1.0m33.5KNew
NOWServiceNow0.03%$983,6669.9KNew
BGCBGC Group, Inc.0.03%$922,85786.3K+704.6% Added
VIRTVirtu Financial, Inc.0.03%$862,51414.5KNew
ORCLOracle Corporation0.03%$807,3445.5K−92.9% Reduced
CORCencora0.03%$806,4932.9KNew
AFGAmerican Financial Group Inc0.02%$706,5575.0K+2.3% Added
ETOREtoro Group Ltd.0.02%$694,55417.6K−29.8% Reduced
KBHKB Home0.02%$661,45110.6K−31.2% Reduced
ULTAUlta Beauty0.02%$636,3331.4KNew
CTSHCognizant0.02%$592,06615.3K−94.6% Reduced
KKRKKR & Co.0.02%$508,6455.5KNew
RJFRaymond James Financial0.01%$504,7403.3K−99.1% Reduced
PANWPalo Alto Networks0.01%$378,1911.1KNew
KLARKlarna Group plc0.01%$326,28916.1K−61.6% Reduced
OWLBlue OWL Capital Inc.0.01%$296,03933.8KNew
CRCLCircle Internet Group, Inc.0.01%$248,8294.0KNew
CMECME Group0.01%$221,0511.0KNew
SFMSprouts Farmers Market, Inc.0.01%$215,9332.6KNew
AAPAdvance Auto Parts Inc0.01%$210,8013.4KNew
PNFPPinnacle Financial Partners, Inc.0.01%$209,9312.1KNew
CompanyBought (value)Shares
CBChubb Limited$162.6m477.3K
SPGIS&P Global$67.8m166.4K
PHMPulteGroup$58.8m428.3K
CFGCitizens Financial Group$56.8m810.3K
AJGArthur J. Gallagher & Co.$51.5m224.3K
HCAHCA Healthcare$41.7m107.0K
PAYXPaychex$33.3m339.0K
UNHUnitedHealth Group$32.4m78.0K
HIGThe Hartford$31.3m235.9K
HUMHumana$29.1m73.4K
HDThe Home Depot$27.9m79.1K
LPLALPL Financial Holdings Inc.$20.2m71.8K
EQHEquitable Holdings, Inc.$19.6m445.8K
CTASCintas$18.6m109.5K
RGAReinsurance Group Of America Inc$17.8m83.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
AONAon plc−$104.4m−323.5K
MCOMoody's Corporation−$81.2m−186.2K
CICigna−$57.1m−214.0K
STTState Street Corporation−$56.9m−335.7K
RJFRaymond James Financial−$54.1m−356.0K
ICEIntercontinental Exchange−$42.3m−344.0K
NTRSNorthern Trust−$40.7m−234.0K
ACNAccenture−$34.4m−276.3K
COFCapital One−$33.9m−186.0K
SEICSEI Investments Co−$28.5m−325.0K
ELVElevance Health−$28.4m−73.4K
AIZAssurant−$25.6m−117.5K
SPGSimon Property Group−$22.1m−98.7K
TFCTruist Financial−$20.0m−401.2K
VOYAVoya Financial, Inc.−$19.6m−286.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
AONAon plc$104.4m323.5K
MCOMoody's Corporation$81.2m186.2K
CICigna$57.1m214.0K
COFCapital One$33.9m186.0K
AIZAssurant$25.6m117.5K
VOYAVoya Financial, Inc.$19.6m286.3K
AMGAffiliated Managers Group, Inc.$17.0m61.5K
ACGLArch Capital Group$16.3m169.5K
COSTCostco$16.1m16.2K
PYPLPayPal$12.4m275.2K
MSMorgan Stanley$9.5m57.6K
MKLMarkel Group Inc.$8.8m4.6K
AMPAmeriprise Financial$7.0m15.7K
ALLYAlly Financial Inc.$6.9m176.4K
AFRMAffirm Holdings, Inc.$6.6m144.6K
TPGTPG Inc.$6.2m153.7K
JLLJones Lang Lasalle Inc$6.1m19.9K
DGDollar General$5.6m47.2K
MIAXMiami International Holdings, Inc.$4.8m123.4K
RDNRadian Group Inc$4.7m140.7K
TRUTransunion$4.4m63.2K
TOSTToast, Inc.$4.2m158.8K
RYANRyan Specialty Holdings, Inc.$4.1m121.7K
DHID. R. Horton$3.6m26.6K
FIGRFigure Technology Solutions, Inc.$2.4m71.9K
HLNEHamilton Lane Inc$2.2m22.6K
ORLYO'Reilly Automotive$1.6m17.0K
PFSIPennymac Financial Services, Inc.$1.5m17.4K
CHYMChime Financial, Inc.$1.2m64.8K
ROSTRoss Stores$1.1m5.2K
  • Financials75.8%
  • Consumer Discretionary10.1%
  • Health Care6.4%
  • Industrials3.0%
  • Technology1.6%
  • Real Estate1.6%
  • Consumer Staples1.5%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 16, 2018 to November 2, 2026+13.5%+14.1%0.550.67−40.2%1.07
Last three yearsNovember 3, 2023 to November 2, 2026+20.9%+21.8%1.001.16−16.8%0.80
Last yearNovember 7, 2025 to November 2, 2026+12.4%+14.2%0.630.84−12.9%0.60

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.