Harbor Island Capital LLC

The portfolio is highly concentrated, comprising only 15 holdings. This indicates a conviction-based strategy rather than a broad-based indexing approach. The firm has adopted a high-conviction, "barbell" style of investing, where capital is allocated to a select few high-conviction ideas. The turnover for this quarter was exceptionally high, with the firm completely overhauling its previous book of business, initiating 11 new positions while selling off the majority of its prior assets (implied by the lack of "Sold Positions" data matching the new capital inflow, though the data shows 0 sold positions relative to the current list, the massive AUM change combined with 11 new positions implies a structural pivot).

Key Holdings