DOSSIER · 13F-HR · Q1 2026

Maren Capital LLC

$1.9B in tracked AUM across 19 positions as of Q1 2026.

MC
CIK 0001961415 · last filed Mar 31, 2026
Total AUM
$1.9B
as of Q1 2026
Holdings
19
positions
Whale Score
77
77
strong
Activity
no data
changes this Q
AI Analysis · Q1 2026

Maren Capital LLC's $1.91B 13F shows a manager running a concentrated discretionary book with an unusually balanced Q1: eight positions increased and eight decreased, two sold out, zero new additions. That perfectly symmetrical activity — no new positions, no net directional tilt — reads as a manager pruning and rebalancing existing holdings rather than building new theses. AUM grew modestly from $1.86B to $1.91B, implying performance appreciation or modest inflows in a book that was already at size. The WhaleScore of 79 reflects a track record built on concentrated security selection, and this filing confirms that Maren is not in a rapid rotation phase — it is maintaining and fine-tuning its existing conviction set.

The absence of new positions is notable for a manager in the 79-whaleScore bracket. Many managers in this cohort use each quarter to deploy fresh research into new names; Maren's Q1 suggests it was satisfied with its existing research slate and was managing the portfolio toward target weights rather than expanding it. That is consistent with a mature mandate that has already identified its best ideas and is now focused on position-size optimization.

The AUM growth from $1.86B to $1.91B is modest but directionally positive. In a concentrated book, a few percentage points of outperformance or inflow translates to a material absolute change in AUM. The absence of large redemptions is itself a signal: LPs are not running for the exits.

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
RBC
RBC BEARINGS INC
$240M442K12.6%
02
TDY
TELEDYNE TECHNOLOGIES INC
$219M362K11.5%
03
G54950103
LINDE PLC
$192M387K10.0%
04
AME
AMETEK INC
$191M890K10.0%
05
APH
AMPHENOL CORP
$187M1.5M9.8%
06
HEI/A
HEICO CORP NEW
$160M758K8.4%
07
G0450A105
ARCH CAP GROUP LTD
$113M1.2M5.9%
08
RLI
RLI CORP
$102M1.8M5.3%
09
KNSL
KINSALE CAP GROUP INC
$92M270K4.8%
10
SSD
SIMPSON MFG INC
$88M510K4.6%

Filing history

2026Q1Mar 31
$1.9B 2.8%
19 positionsView →
2025Q4Dec 31
$1.9B 3.5%
21 positionsView →
2025Q3Sep 30
$1.8B 8.3%
22 positionsView →
2025Q2Jun 30
$1.7B 13.1%
25 positionsLocked
2025Q1Mar 31
$1.5B 12.0%
25 positionsLocked
2024Q4Dec 31
$1.3B 7.7%
25 positionsLocked
2024Q3Sep 30
$1.2B 16.9%
27 positionsLocked
2024Q2Jun 30
$1.0B 0.0%
26 positionsLocked
2024Q1Mar 31
$1.0B 33.0%
27 positionsLocked
2023Q4Dec 31
$781M
27 positionsLocked