Pillsbury Lake Capital LLC

CIK

2111915

Location

SAN FRANCISCO, CA

Portfolio Value

Small $214,947,431

Diversification

Diversified

Filing Date

Global Rank

#3,711 / 8,232 ▼ 32

Top Industry

Education & Training Services 10.9%

3Y Alpha vs SPY

-31.4%

Period ended 2 months ago

Filed May 14, 2026 · 31d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio

-0.3%

SPY

+9.1%

Annualised alpha

-31.4%

Max drawdown

−14.2%

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

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

Top Position

7.2%

+0.1 pts

Top 5

31.1%

−0.0 pts

Top 10

53.9%

−1.0 pts

HHI

441

Diversified−3

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	30.3%	$65,087,329	8
Consumer Defensive	20.2%	$43,526,640	4
Healthcare	17.4%	$37,498,544	4
Technology	14.3%	$30,692,812	4
Industrials	9.6%	$20,635,799	5
Real Estate	5.4%	$11,713,024	1
Communication Services	2.3%	$4,855,869	2
Financial Services	0.4%	$937,414	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
CRON	Cronos Group Inc.	+2,384,001	4,223,004	$10,599,740
SRTA	Strata Critical Medical, Inc.	+625,544	2,603,796	$10,883,867
COMP	Compass, Inc.	+270,216	1,602,329	$11,713,024
BLZE	Backblaze, Inc.	+232,151	1,961,283	$6,766,426
BBW	Build-A-Bear Workshop Inc	+119,768	330,102	$12,362,319
BGSI	Boyd Group Services Inc.	+18,307	98,256	$12,563,012
BV	BrightView Holdings, Inc.	+16,777	506,750	$5,974,582
HNI	Hni Corp	+9,919	221,201	$7,385,901
TPB	Turning Point Brands, Inc.	+9,817	170,058	$14,759,333
CBNA	Chain Bridge Bancorp Inc	+8,574	26,860	$937,414
CLH	Clean Harbors Inc	+364	22,917	$6,570,991
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
GPGI	GPGI, Inc.	−507,372	108,755	$1,859,710
INVE	Identiv, Inc.	−453,643	491,657	$1,819,130
LUXE	LuxExperience B.V.	−332,700	1,176,568	$9,412,544
LINC	Lincoln Educational Services Corp	−324,540	380,568	$15,481,506
CRTO	Criteo S.A.	−246,981	213,261	$3,823,769
MAMA	Mama's Creations, Inc.	−144,596	348,588	$5,347,339
PDFS	Pdf Solutions Inc	−105,401	270,668	$8,853,550
KRUS	Kura Sushi USA, Inc.	−35,013	118,561	$8,274,372
CVCO	Cavco Industries, Inc.	−9,772	15,774	$7,639,190
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
ETON	Eton Pharmaceuticals, Inc.	364,954	$9,007,064
FLYW	Flywire Corp	771,376	$8,978,816
UTI	Universal Technical Institute Inc	219,902	$7,938,462
LMRI	Lumexa Imaging Holdings, Inc.	814,869	$7,007,873
CROX	Crocs, Inc.	79,828	$6,627,320
WLTH	Wealthfront Corp	658,813	$6,094,020
LMB	Limbach Holdings, Inc.	56,520	$4,411,386
NBIS	Nebius Group N.V.	9,947	$1,032,100
FLXS	Flexsteel Industries Inc	18,306	$822,671
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
NATL	NCR Atleos Corp	268,088	$10,216,833
MGNI	Magnite, Inc.	583,644	$9,472,542
KRC	Kilroy Realty Corp	223,788	$8,362,957
ASR	Southeast Airport Group	20,045	$6,482,553
KSPI	Joint Stock Co Kaspi.kz	81,123	$6,338,139
PINS	Pinterest, Inc.	138,205	$3,578,127
BXSL	Blackstone Secured Lending Fund	100,679	$2,650,878
NXDR	Nextdoor Holdings, Inc.	1,150,000	$2,415,000
AEYE	Audioeye Inc	21,164	$211,428
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 positions · $214,947,431 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LINC	Lincoln Educational Services Corp Consumer Defensive	Reduced	380,568	-324,540	$15,481,506	−9.1%	7.20%
TPB	Turning Point Brands, Inc. Consumer Defensive	Added	170,058	+9,817	$14,759,333	−15.0%	6.87%
BGSI	Boyd Group Services Inc. Consumer Cyclical	Added	98,256	+18,307	$12,563,012	−1.4%	5.84%
BBW	Build-A-Bear Workshop Inc Consumer Cyclical	Added	330,102	+119,768	$12,362,319	−4.1%	5.75%
COMP	Compass, Inc. Real Estate	Added	1,602,329	+270,216	$11,713,024	−16.8%	5.45%
SRTA	Strata Critical Medical, Inc. Healthcare	Added	2,603,796	+625,544	$10,883,867	+14.4%	5.06%
CRON	Cronos Group Inc. Healthcare	Added	4,223,004	+2,384,001	$10,599,740	+119.2%	4.93%
LUXE	LuxExperience B.V. Consumer Cyclical	Reduced	1,176,568	-332,700	$9,412,544	−25.3%	4.38%
ETON	Eton Pharmaceuticals, Inc. Healthcare	NEW	364,954	NEW	$9,007,064	NEW	4.19%
FLYW	Flywire Corp Technology	NEW	771,376	NEW	$8,978,816	NEW	4.18%
PDFS	Pdf Solutions Inc Technology	Reduced	270,668	-105,401	$8,853,550	−17.5%	4.12%
KRUS	Kura Sushi USA, Inc. Consumer Cyclical	Reduced	118,561	-35,013	$8,274,372	+3.0%	3.85%
UTI	Universal Technical Institute Inc Consumer Defensive	NEW	219,902	NEW	$7,938,462	NEW	3.69%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Reduced	15,774	-9,772	$7,639,190	−49.4%	3.55%
HNI	Hni Corp Consumer Cyclical	Added	221,201	+9,919	$7,385,901	−16.8%	3.44%
LMRI	Lumexa Imaging Holdings, Inc. Healthcare	NEW	814,869	NEW	$7,007,873	NEW	3.26%
BLZE	Backblaze, Inc. Technology	Added	1,961,283	+232,151	$6,766,426	−16.0%	3.15%
CROX	Crocs, Inc. Consumer Cyclical	NEW	79,828	NEW	$6,627,320	NEW	3.08%
CLH	Clean Harbors Inc Industrials	Added	22,917	+364	$6,570,991	+24.3%	3.06%
WLTH	Wealthfront Corp Technology	NEW	658,813	NEW	$6,094,020	NEW	2.84%
BV	BrightView Holdings, Inc. Industrials	Added	506,750	+16,777	$5,974,582	−3.8%	2.78%
MAMA	Mama's Creations, Inc. Consumer Defensive	Reduced	348,588	-144,596	$5,347,339	−19.6%	2.49%
LMB	Limbach Holdings, Inc. Industrials	NEW	56,520	NEW	$4,411,386	NEW	2.05%
CRTO	Criteo S.A. Communication Services	Reduced	213,261	-246,981	$3,823,769	−59.7%	1.78%
GPGI	GPGI, Inc. Industrials	Reduced	108,755	-507,372	$1,859,710	−84.3%	0.87%
INVE	Identiv, Inc. Industrials	Reduced	491,657	-453,643	$1,819,130	−49.9%	0.85%
NBIS	Nebius Group N.V. Communication Services	NEW	9,947	NEW	$1,032,100	NEW	0.48%
CBNA	Chain Bridge Bancorp Inc Financial Services	Added	26,860	+8,574	$937,414	+48.0%	0.44%
FLXS	Flexsteel Industries Inc Consumer Cyclical	NEW	18,306	NEW	$822,671	NEW	0.38%