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

CORSAIR CAPITAL MANAGEMENT, L.P.

$673M in tracked AUM across 151 positions as of Q1 2026.

CC
CIK 0001276470 · last filed Mar 31, 2026
Total AUM
$673M
as of Q1 2026
Holdings
151
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Based on the SEC 13F filing for Corsair Capital Management, L.P. for the period ending September 30, 2025, here is a comprehensive analysis of the portfolio's composition, activity, and strategic orientation.

1. Portfolio Overview

Corsair Capital Management manages a concentrated portfolio valued at approximately $432.29 million, spread across 108 holdings. The firm reported a significant decrease in total portfolio value of 17.2% compared to the previous quarter ($522.08M), a decline driv...

The portfolio exhibits a "barbell" strategy characterized by high conviction in a select number of names while maintaining a long tail of smaller positions. The top 10 holdings account for nearly 80% of the total portfolio value, indicating a strong preference for high-conviction ideas rather than broad diversification. The management team was highly active this quarter, executing a substantial turnover with 21 new positions and 21 complete exits, signaling a shift in focus rather than simple portfolio rebalancing.

2. Key Holdings

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
CMPO
GPGI INC
$145M8.5M21.5%02
VRT
VERTIV HOLDINGS CO
$145M577K21.5%03
LAUR
LAUREATE ED INC
$64M1.8M9.5%04
RHLD
RESOLUTE HLDGS MGMT INC
$42M259K6.2%05
APG
API GROUP CORP
$29M709K4.3%06
SPY
STATE STR SPDR S&P 500 ETF T
$25M39K3.7%07
LMB
LIMBACH HLDGS INC
$24M311K3.6%08
SPXC
SPX TECHNOLOGIES INC
$20M98K2.9%09
MIR
MIRION TECHNOLOGIES INC
$18M982K2.7%10
G0403H108
AON PLC
$13M40K1.9%

Filing history

2026Q1Mar 31
$673M▲ 4.5%
151 positionsView →2025Q4Dec 31
$644M▲ 6.4%
152 positionsView →2025Q3Sep 30
$605M▲ 13.3%
167 positionsView →2025Q2Jun 30
$534M▲ 35.1%
153 positionsLocked2025Q1Mar 31
$395M▼ 14.9%
122 positionsLocked2024Q4Dec 31
$465M▲ 10.0%
119 positionsLocked2024Q3Sep 30
$422M▼ 31.5%
118 positionsLocked2024Q2Jun 30
$617M▲ 73.1%
102 positionsLocked2024Q1Mar 31
$356M▲ 14.5%
99 positionsLocked2023Q4Dec 31
$311M▲ 6.8%
80 positionsLocked2023Q3Sep 30
$291M▼ 0.8%
98 positionsLocked2023Q2Jun 30
$294M▲ 11.5%
103 positionsLocked
Showing 12 of 86