13F Insight
DOSSIER · 13F-HR · Q2 2026

Bluegrass Capital Partners LP

$154M in tracked AUM across 11 positions as of Q2 2026.

BC
CIK 0001727353 · last filed Jun 30, 2026
Total AUM
$154M
as of Q2 2026
Holdings
11
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Portfolio Overview

Bluegrass Capital Partners LP reported a sharply smaller, highly concentrated portfolio on the 2025-09-30 13F. Total reported market value fell from $144.28M to $30.88M, a decline of $113.40M or -78.6% quarter-over-quarter. The number of reported holdings dropped to just three positions. The firm completed a large-scale liquidation (sold eight prior holdings totaling ~$116.5M) while adding only ~$4.8M to two remaining holdings. The result is a very small ($30.88M) but high-c...

Key Holdings
  • Mastercard (MA): $18.20M, 32,000 shares, 58.94% of the portfolio. This is the single largest holding and represents nearly 59% of assets — a dominant position.
  • S&P Global (SPGI): $10.22M, 21,000 shares, 33.09% of the portfolio. The second-largest position; together with MA, the top two positions equal 92.03% of the portfolio.
  • Waste Connections (WCN): $2.46M, 14,000 shares, 7.97% of the portfolio. Small residual position that was trimmed substantially this quarter.

With only three holdings, the portfolio’s idiosyncratic risk is concentrated in a very small number of company-specific outcomes. The two largest names (MA and SPGI) dominate both market exposure and likely portfolio returns/volatility going forward.

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
MA
MASTERCARD INCORPORATED
$26M50K16.7%02
TDG
TRANSDIGM GROUP INC
$25M19K16.4%03
AMZN
AMAZON COM INC
$24M99K15.3%04
MCO
MOODYS CORP
$24M52K15.3%05
GE
GE AEROSPACE
$20M53K12.9%06
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$14M29K9.0%07
MLM
MARTIN MARIETTA MATLS INC
$10M17K6.4%08
MSFT
MICROSOFT CORP
$7M19K4.6%09
SPGI
S&P GLOBAL INC
$5M12K3.2%10
SHW
SHERWIN WILLIAMS CO
$172K5000.1%

Filing history

2026Q2Jun 30
$154M▲ 10.9%
11 positionsView →2026Q1Mar 31
$139M▼ 17.1%
10 positionsView →2025Q4Dec 31
$167M▲ 442.0%
11 positionsView →2025Q3Sep 30
$31M▼ 78.6%
3 positionsView →2025Q2Jun 30
$144M▲ 451.5%
11 positionsLocked2025Q1Mar 31
$26M▼ 76.8%
4 positionsLocked2024Q4Dec 31
$113M▲ 2.9%
11 positionsLocked2024Q3Sep 30
$110M▲ 11.9%
12 positionsLocked2024Q2Jun 30
$98M▲ 2.0%
12 positionsLocked2024Q1Mar 31
$96M▲ 13.4%
11 positionsLocked2023Q4Dec 31
$85M▲ 2.7%
11 positionsLocked2023Q3Sep 30
$82M▼ 11.1%
12 positionsLocked
Showing 12 of 23