Belfer Management LLC
Filing Date
Global Rank
#8,291
/ 8,588
▲ 105
Top Industry
Oil & Gas Midstream
26.9%
3Y Alpha vs SPY
-8.4%
Period ended 3 months ago
Filed May 8, 2026 · 40d
15 quarters · since Sep 2022
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+43.8%
SPY
+76.8%
Annualised alpha
-8.1%
Max drawdown
−14.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
15 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
17.0%
−4.5 pts
Top 5
51.9%
−2.7 pts
Top 10
81.4%
−0.7 pts
HHI
850
Diversified−131
Portfolio Trend
15 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 24.7% | $1,475,277 |
| Consumer Cyclical | 20.7% | $1,235,890 |
| Financial Services | 13.0% | $775,130 |
| Basic Materials | 8.6% | $514,915 |
| Unclassified | 8.4% | $500,857 |
| Healthcare | 8.1% | $484,998 |
| Industrials | 7.9% | $469,611 |
| Communication Services | 4.4% | $262,542 |
| Consumer Defensive | 4.3% | $259,976 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
11 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ET | Energy Transfer LP | +5,271 | 27,482 | $530,402 | |
| WES | Western Midstream Partners, LP | +1,991 | 12,098 | $498,074 | |
| CPNG | Coupang, Inc. | +1,886 | 53,943 | $1,018,443 | |
| ORI | Old Republic International Corp | +191 | 5,480 | $218,652 | |
| DLTR | Dollar Tree, Inc. | +83 | 2,374 | $259,976 | |
| GLD | Spdr Gold Trust | +41 | 1,164 | $500,857 | |
| LH | Labcorp Holdings Inc. | +41 | 1,162 | $310,033 | |
| GOOGL | Alphabet Inc. | +32 | 913 | $262,542 | |
| SHW | Sherwin Williams Co | +30 | 856 | $274,390 | |
| LMT | Lockheed Martin Corp | +28 | 777 | $469,611 | |
| ULTA | Ulta Beauty, Inc. | +15 | 416 | $217,447 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| APD | Air Products & Chemicals, Inc. | 828 | $240,525 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
1 positions ·
$259,976 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Added | 2,374 | $259,976 | 100.00% |