Conifer Management

Q2 2026 13F · by Greg Alexander, portfolio manager

As of: Jun 30, 2026
Filed: Aug 13, 2026
US stock: $607M · prev $524M
Positions: 6 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves3 since the prior filing

+9.4 pp in · −10.1 pp out

New 1 +10.61 pp
Added 1 −1.25 pp
Trimmed 0 0.00 pp
Exited 1 −10.11 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.9 years per position

Low
Moderate
High

Top 5 positions96% of US stock

GPI Group 1 Automotive, Inc. added−1.25 pp added−1.2546.4%
EQH Equitable Holdings, Inc. held held30.4%
AIIR Air Global PLC new+10.61 pp new+10.6110.6%
MNDY monday.com Ltd. held held4.8%
RMNI Rimini Street, Inc. (DE) held held4.2%

Positions6 in this filing · 1 exited


GPIGroup 1 Automotive, Inc.	46.41%	967,000	$282M	added+28%	−1.25 pp	15 q
EQHEquitable Holdings, Inc.	30.38%	4,200,000	$184M	held	—	26 q
AIIRAir Global PLC	10.61%	9,666,791	$64M	new	+10.61 pp	new
MNDYmonday.com Ltd.	4.77%	400,000	$29M	held	—	2 q
RMNIRimini Street, Inc. (DE)	4.15%	5,913,199	$25M	held	—	20 q
SDHCSmith Douglas Homes Corp.	3.67%	1,433,350	$22M	held	—	5 q
LADLithia Motors, Inc.	—	−212,000	—	exited	−10.11 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-26-005146
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet