DOSSIER · 13F-HR · Q2 2026

Atalan Capital Partners, LP

$1.6B in tracked AUM across 9 positions as of Q2 2026.

AC
CIK 0001662906 · last filed Jun 30, 2026
Total AUM
$1.6B
as of Q2 2026
Holdings
9
—
positions
Whale Score
77
77
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Q1 2026 silently reconfigured Atalan Capital Partners around a single dominant position: Seagate Technology is now the fund's overwhelming anchor at 25.95% of the portfolio, rising from approximately 15% last quarter even as Atalan slightly reduced its share count. That concentration shift co-occurred with a contract in fund size — AUM fell from $1.41B at year-end to $1.09B by March — and the combination produced a portfolio that is both smaller and more heavily weighted to storage-industry demand than it was three months ago. Three simultaneous exits (S&P Global, Willis Towers Watson, and a near-total liquidation of Western Digital at an $85M loss) created the space for a single new name: TTM Technologies, a niche printed-circuit-board maker arriving with a $74.8M, 6.9% position. Spotify accumulated meaningfully — shares climbing 44% to 229,550 as the position crossed above $111M — while Telen Energy and HealthEquity each saw modest reductions consistent with the broader trimming pattern. Mastercard's share count ticked up but its dollar value fell slightly, suggesting a realized-gain reduction rather than either aggressive accumulation or distribution. With ten holdings, a single name occupying 26%, and the rest wrapping up a broader reduction cycle, this is a fund in a transition posture: smaller, still selective, but materially more exposed to the performance of its largest bet.

The most visible structural change is Seagate Technology. The position did not grow through aggressive buying — in fact, Atalan slightly trimmed its share count from 746,600 to 718,800. But Seagate appreciated alongside the broader storage sector, lifting its market value from $205.6M to $281.6M and expanding its weight within the portfolio from roughly 15% to nearly 26% of total assets. That 26% concentration in a single name is the sharpest number in this filing: it came about without the manager adding material shares, which means it is price-driven, and that distinguishes it from the typical high-conviction additions most people associate with large positions. With AUM also contracting meaningfully, the fund's risk profile tilted toward a much smaller number of bets.

Three names left the book entirely during the quarter. S&P Global — carrying a $162M weight heading into Q1 — was sold completely, as was Willis Towers Watson. Western Digital experienced the largest reduction, shedding roughly 80% of its remaining shares and removing more than $85M in exposure after what had been the fifth-largest position at year-end. Amphenol, which had been the second-largest holding at $186M and just under 13% of the portfolio, was reduced by approximately 30%, a $64.8M cut that suggests some rotation out of industrial-cyclical exposure. HealthEquity, Talen Energy, TransDigm, and US Foods all drew more modest reductions, with positions trimmed between roughly 3% and 12% of their prior-quarter value.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
G7997R103
SEAGATE TECHNOLOGY HLDNGS PL
$553M573K33.9%
02
MA
MASTERCARD INCORPORATED
$219M427K13.4%
03
TTMI
TTM TECHNOLOGIES INC
$189M1.0M11.6%
04
GLW
CORNING INC
$153M597K9.4%
05
TDG
TRANSDIGM GROUP INC
$117M88K7.2%
06
USFD
US FOODS HLDG CORP
$111M1.1M6.8%
07
L8681T102
SPOTIFY TECHNOLOGY S A
$110M240K6.7%
08
APH
AMPHENOL CORP
$96M543K5.9%
09
HQY
HEALTHEQUITY INC
$83M915K5.1%

Filing history

2026Q2Jun 30
$1.6B▲ 50.2%
9 positionsView →
2026Q1Mar 31
$1.1B▼ 22.8%
10 positionsView →
2025Q4Dec 31
$1.4B▼ 1.9%
11 positionsView →
2025Q3Sep 30
$1.4B▲ 10.0%
10 positionsLocked
2025Q2Jun 30
$1.3B▲ 127.0%
11 positionsLocked
2025Q1Mar 31
$574M▼ 42.9%
5 positionsLocked
2024Q4Dec 31
$1.0B▼ 13.6%
9 positionsLocked
2024Q3Sep 30
$1.2B▲ 8.4%
9 positionsLocked
2024Q2Jun 30
$1.1B▼ 11.3%
9 positionsLocked
2024Q1Mar 31
$1.2B▲ 6.5%
10 positionsLocked
2023Q4Dec 31
$1.1B▲ 6.4%
10 positionsLocked
2023Q3Sep 30
$1.1B▼ 16.2%
11 positionsLocked
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