13F Insight
DOSSIER · 13F-HR · Q1 2026

Affinity Partners GP LP

$635M in tracked AUM across 2 positions as of Q1 2026.

AP
CIK 0002059583 · last filed Mar 31, 2026
Total AUM
$635M
as of Q1 2026
Holdings
2
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

The filing for Affinity Partners GP LP reveals a highly concentrated investment portfolio with an exceptionally narrow focus. As of the report date September 30, 2025, the total portfolio value stands at approximately $622.72 million, spread across just two holdings. This represents a significant decrease in portfolio value of 11.5% compared to the previous quarter, where the total value was reported at $703.75 million. The reduction in value is driven entirely by market ...

Key Holdings

The portfolio is dominated entirely by QXO, Inc. (QXO), which constitutes 100% of the total portfolio value. Affinity Partners holds 32.67 million shares of QXO, valued at $622.72 million. Given that QXO is the only reported holding in the top tier and the sector allocation is uniform, it effectively represents the entirety of the firm's reported equity exposure. The 11.5% decline in total portfolio value directly correlates to the price movement of QXO during the third quarter of 2025. This position indicates a massive, illiquid stake that suggests the firm may hold significant influence over the company or is engaged in a strategic activist or control-oriented investment strategy.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
QXO
QXO INC
$635M32.7M100.0%

Filing history

2026Q1Mar 31
$635M▲ 0.7%
2 positionsView →2025Q4Dec 31
$631M▲ 1.3%
2 positionsView →2025Q3Sep 30
$623M▼ 11.5%
2 positionsView →2025Q2Jun 30
$704M▲ 216.7%
2 positionsLocked2025Q1Mar 31
$222M▼ 14.8%
1 positionsLocked2024Q4Dec 31
$261M—
1 positionsLocked