PARK PRESIDIO CAPITAL LLC

Park Presidio Capital's $1.43B 13F shows one of the more asymmetric Q1 activity profiles in the current queue: twelve positions increased against just one reduction, with no exits and no new entries. That virtually all-add posture in a book that grew from $1.23B to $1.43B is a strong conviction signal — the manager is adding to existing positions across much of the portfolio while finding almost nothing to trim. The WhaleScore of 79 reflects a long-term record of generating alpha from this concentrated approach, and this filing reinforces that characterization: the manager is in net accumulation mode and believes its existing idea set is underpriced.