Benchstone Capital Management LP

CIK

2016777

Location

NEW YORK, NY

Portfolio Value

Small $821,703,940

Diversification

Diversified

Filing Date

Global Rank

#1,719 / 8,232 ▲ 41

Top Industry

Semiconductors 15.5%

3Y Alpha vs SPY

-14.5%

Period ended 2 months ago

Filed May 15, 2026 · 29d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+3.6%

SPY

+23.4%

Annualised alpha

-14.5%

Max drawdown

−23.6%

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

37 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.9%

+0.6 pts

Top 5

25.6%

+2.1 pts

Top 10

45.3%

+6.5 pts

HHI

340

Diversified+60

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	39.7%	$326,182,795	14
Consumer Cyclical	24.7%	$202,728,875	10
Communication Services	23.8%	$195,926,894	8
Real Estate	6.0%	$49,281,525	2
Consumer Defensive	4.6%	$37,936,437	2
Industrials	1.2%	$9,647,414	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
SATS	EchoStar CORP	+220,330	388,987	$45,538,708
H	Hyatt Hotels Corp	+126,425	243,386	$34,996,472
AVGO	Broadcom Inc.	+90,156	147,747	$45,729,173
SPOT	Spotify Technology S.A.	+55,660	73,428	$35,605,971
AMAT	Applied Materials Inc /De	+36,552	86,528	$29,574,405
ROST	Ross Stores, Inc.	+29,365	85,150	$18,446,044
BURL	Burlington Stores, Inc.	+12,246	97,140	$31,607,413
EQIX	Equinix Inc	+10,429	34,324	$33,645,757
BKNG	Booking Holdings Inc.	+3,355	5,515	$23,219,913
ASML	Asml Holding NV	+2,826	22,548	$29,782,074
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
CMG	Chipotle Mexican Grill Inc	−234,863	324,163	$10,376,457
HPE	Hewlett Packard Enterprise Co	−165,152	381,243	$9,077,395
ONTO	Onto Innovation Inc.	−132,842	16,121	$3,305,933
AMZN	Amazon Com Inc	−103,990	101,774	$21,196,470
TTWO	Take Two Interactive Software Inc	−66,558	50,216	$9,917,660
LYV	Live Nation Entertainment, Inc.	−48,415	164,276	$25,053,732
HD	Home Depot, Inc.	−45,828	30,485	$10,026,211
META	Meta Platforms, Inc.	−45,313	19,098	$10,926,538
SNPS	Synopsys Inc	−20,613	72,750	$28,843,920
DASH	DoorDash, Inc.	−10,705	107,008	$16,067,251
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−2,607	143,637	$48,542,124
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	115,699	$33,270,404
ADI	Analog Devices Inc	104,474	$33,237,358
AKAM	Akamai Technologies Inc	220,149	$25,284,112
TGT	Target Corp	188,206	$22,810,567
WH	Wyndham Hotels & Resorts, Inc.	268,077	$21,775,894
ROKU	Roku, Inc	222,735	$21,075,185
ZM	Zoom Communications, Inc.	228,082	$18,335,511
CSCO	Cisco Systems, Inc.	227,275	$17,634,267
NET	Cloudflare, Inc.	81,483	$16,813,202
OUT	OUTFRONT Media Inc.	590,029	$15,635,768
DDOG	Datadog, Inc.	131,258	$15,495,006
WMT	Walmart Inc.	121,708	$15,125,870
TJX	Tjx Companies Inc /De/	94,031	$15,016,750
TMUS	T-Mobile US, Inc.	69,222	$14,538,696
FIX	Comfort Systems USA Inc	6,996	$9,647,414
INTU	Intuit Inc.	10,473	$4,528,315
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
LUMN	Lumen Technologies, Inc.	3,500,000	$27,195,000
SHOP	Shopify Inc.	158,023	$25,436,962
CRM	Salesforce, Inc.	90,157	$23,883,490
W	Wayfair Inc.	228,226	$22,916,172
DIS	Walt Disney Co	192,840	$21,939,406
MDB	MongoDB, Inc.	51,727	$21,709,304
NOW	ServiceNow, Inc.	137,591	$21,077,565
ORCL	Oracle Corp	101,498	$19,782,975
ANET	Arista Networks, Inc.	134,652	$17,643,451
TXN	Texas Instruments Inc	94,590	$16,410,419
UBER	Uber Technologies, Inc	187,212	$15,297,092
RRR	Red Rock Resorts, Inc.	240,733	$14,913,409
BYD	Boyd Gaming Corp	173,401	$14,780,701
PSKY	Paramount Skydance Corp	1,000,000	$13,400,000
SNOW	Snowflake Inc.	60,804	$13,337,965
RCL	Royal Caribbean Cruises Ltd	41,720	$11,636,542
TSEM	Tower Semiconductor Ltd	96,225	$11,298,739
TEAM	Atlassian Corp	66,049	$10,709,184
ON	On Semiconductor Corp	194,080	$10,509,432
CHDN	Churchill Downs Inc	91,618	$10,424,296
CMCSA	Comcast Corp	366,713	$10,272,767
AMD	Advanced Micro Devices Inc	46,681	$9,997,202
BROS	Dutch Bros Inc.	134,584	$8,239,232
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 positions · $821,703,940 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	143,637	-2,607	$48,542,124	+9.2%	5.91%
AVGO	Broadcom Inc. Technology	Added	147,747	+90,156	$45,729,173	+129.4%	5.57%
SATS	EchoStar CORP Communication Services	Added	388,987	+220,330	$45,538,708	+148.4%	5.54%
SPOT	Spotify Technology S.A. Communication Services	Added	73,428	+55,660	$35,605,971	+245.1%	4.33%
H	Hyatt Hotels Corp Consumer Cyclical	Added	243,386	+126,425	$34,996,472	+86.6%	4.26%
EQIX	Equinix Inc Real Estate	Added	34,324	+10,429	$33,645,757	+83.8%	4.09%
GOOGL	Alphabet Inc. Communication Services	NEW	115,699	NEW	$33,270,404	NEW	4.05%
ADI	Analog Devices Inc Technology	NEW	104,474	NEW	$33,237,358	NEW	4.04%
BURL	Burlington Stores, Inc. Consumer Cyclical	Added	97,140	+12,246	$31,607,413	+28.9%	3.85%
ASML	Asml Holding NV Technology	Added	22,548	+2,826	$29,782,074	+41.1%	3.62%
AMAT	Applied Materials Inc /De Technology	Added	86,528	+36,552	$29,574,405	+130.3%	3.60%
SNPS	Synopsys Inc Technology	Reduced	72,750	-20,613	$28,843,920	−34.2%	3.51%
AKAM	Akamai Technologies Inc Technology	NEW	220,149	NEW	$25,284,112	NEW	3.08%
LYV	Live Nation Entertainment, Inc. Communication Services	Reduced	164,276	-48,415	$25,053,732	−17.3%	3.05%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	5,515	+3,355	$23,219,913	+100.7%	2.83%
TGT	Target Corp Consumer Defensive	NEW	188,206	NEW	$22,810,567	NEW	2.78%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	NEW	268,077	NEW	$21,775,894	NEW	2.65%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	101,774	-103,990	$21,196,470	−55.4%	2.58%
ROKU	Roku, Inc Communication Services	NEW	222,735	NEW	$21,075,185	NEW	2.56%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	85,150	+29,365	$18,446,044	+83.6%	2.24%
ZM	Zoom Communications, Inc. Technology	NEW	228,082	NEW	$18,335,511	NEW	2.23%
CSCO	Cisco Systems, Inc. Technology	NEW	227,275	NEW	$17,634,267	NEW	2.15%
NET	Cloudflare, Inc. Technology	NEW	81,483	NEW	$16,813,202	NEW	2.05%
DASH	DoorDash, Inc. Consumer Cyclical	Reduced	107,008	-10,705	$16,067,251	−39.7%	1.96%
OUT	OUTFRONT Media Inc. Real Estate	NEW	590,029	NEW	$15,635,768	NEW	1.90%
DDOG	Datadog, Inc. Technology	NEW	131,258	NEW	$15,495,006	NEW	1.89%
WMT	Walmart Inc. Consumer Defensive	NEW	121,708	NEW	$15,125,870	NEW	1.84%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	NEW	94,031	NEW	$15,016,750	NEW	1.83%
TMUS	T-Mobile US, Inc. Communication Services	NEW	69,222	NEW	$14,538,696	NEW	1.77%
META	Meta Platforms, Inc. Communication Services	Reduced	19,098	-45,313	$10,926,538	−74.3%	1.33%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Reduced	324,163	-234,863	$10,376,457	−49.8%	1.26%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	30,485	-45,828	$10,026,211	−61.8%	1.22%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	50,216	-66,558	$9,917,660	−66.8%	1.21%
FIX	Comfort Systems USA Inc Industrials	NEW	6,996	NEW	$9,647,414	NEW	1.17%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	381,243	-165,152	$9,077,395	−30.8%	1.10%
INTU	Intuit Inc. Technology	NEW	10,473	NEW	$4,528,315	NEW	0.55%
ONTO	Onto Innovation Inc. Technology	Reduced	16,121	-132,842	$3,305,933	−85.9%	0.40%