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Sunriver Management LLC

Q4 2025 · Filed 2026-02-13
Market Value
$954M
+3.7%
Holdings
27
+2
New Purchases
6
Added To
10
Closed
4
Reduced
7
Top 10 Concentration
55.7%
Turnover
37.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LMT 6.56% 0.00% +6.56% $63M
TRU 4.66% 0.00% +4.66% $44M
ACVA 2.49% 0.00% +2.49% $24M
CDW 2.41% 0.00% +2.41% $23M
LYV 2.24% 0.00% +2.24% $21M
ARMK 5.22% 3.41% +1.81% $50M
CBZ 5.23% 3.44% +1.80% $50M
CCCS 1.67% 0.00% +1.67% $16M
SSNC 5.78% 4.89% +0.89% $55M
VRRM 6.95% 6.13% +0.81% $66M
BOX 5.46% 5.32% +0.14% $52M
FA 4.05% 3.93% +0.12% $39M
SYY 5.04% 4.98% +0.06% $48M
OPLN 4.68% 4.66% +0.01% $45M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IAS 0.00% 7.87% -7.87% $0
JAMF 0.00% 4.53% -4.53% $0
DLTR 0.00% 3.99% -3.99% $0
HURN 5.06% 7.21% -2.15% $48M
DV 0.00% 1.98% -1.98% $0
SWK 3.38% 4.58% -1.21% $32M
PFGC 4.28% 5.24% -0.95% $41M
IQV 3.86% 4.73% -0.87% $37M
HII 4.11% 4.86% -0.76% $39M
RPAY 1.67% 2.23% -0.56% $16M
NABL 4.81% 5.27% -0.46% $46M
RTO 5.24% 5.45% -0.20% $50M
WEX 5.14% 5.28% -0.13% $49M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 13 $504M 52.8%
Mid Cap 6 $267M 27.9%
Small Cap 8 $184M 19.3%

Portfolio Analytics

Avg Market Cap
$14.5B
Median Market Cap
$5.6B
Avg P/E
58.5
Median P/E
21.1
Avg Dividend Yield
0.01%
Avg Beta
0.96
# Stocks
27
# ETFs / Funds
0

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VRRM 6.95% 2,956,976 $66M $22.41 $10M +672,202 +29.4%
2 LMT 6.56% 129,313 $63M $483.67 +129,313 NEW
3 SSNC 5.78% 630,879 $55M $87.42 $10M +123,862 +24.4%
4 BOX 5.46% 1,741,267 $52M $29.91 $3M +223,439 +14.7%
5 RTO 5.24% 1,697,919 $50M $29.46 -$107K -287,326 -14.5%
6 CBZ 5.23% 989,349 $50M $50.45 $18M +392,587 +65.8%
7 ARMK 5.22% 1,351,397 $50M $36.86 $18M +534,136 +65.4%
8 WEX 5.14% 329,177 $49M $148.98 $509K +21,096 +6.8%
9 HURN 5.06% 279,089 $48M $172.91 -$18M -172,896 -38.2%
10 SYY 5.04% 652,768 $48M $73.69 $2M +96,425 +17.3%
11 NABL 4.81% 6,134,573 $46M $7.48 -$3M -77,305 -1.2%
12 OPLN 4.68% 1,498,562 $45M $29.78 $2M +7,454 +0.5%
13 TRU 4.66% 517,921 $44M $85.75 +517,921 NEW
14 PFGC 4.28% 454,315 $41M $89.92 -$7M -8,826 -1.9%
15 HII 4.11% 115,217 $39M $340.07 -$6M -40,190 -25.9%
16 FA 4.05% 2,661,286 $39M $14.53 $2M +310,672 +13.2%
17 IQV 3.86% 163,513 $37M $225.41 -$7M -65,591 -28.6%
18 SWK 3.38% 433,673 $32M $74.28 -$10M -133,800 -23.6%
19 ACVA 2.49% 2,963,578 $24M $8.02 +2,963,578 NEW
20 CDW 2.41% 168,982 $23M $136.20 +168,982 NEW
21 LYV 2.24% 150,000 $21M $142.50 +150,000 NEW
22 RPAY 1.67% 4,361,524 $16M $3.65 -$5M +433,524 +11.0%
23 CCCS 1.67% 2,000,000 $16M $7.95 +2,000,000 NEW
24 DV —% -$18M -1,523,175 -100.0% SOLD
25 DLTR —% -$37M -389,168 -100.0% SOLD
26 IAS —% -$72M -7,120,157 -100.0% SOLD
27 JAMF —% -$42M -3,893,883 -100.0% SOLD

New Positions

SymbolValue% Port
LMT $63M 6.56%
TRU $44M 4.66%
ACVA $24M 2.49%
CDW $23M 2.41%
LYV $21M 2.24%
CCCS $16M 1.67%

Sold Out Positions

SymbolValue% Port
DV —%
DLTR —%
IAS —%
JAMF —%
View SEC EDGAR Filings for Sunriver Management LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms