Norwood Investment Partners, LP
MILL VALLEY, CA
$72m in 14 US stocks at the end of 30 June 2026. The top 10 are 87.1% of the money. It changed about 21.3% of the portfolio this quarter.
Value
$72m
Stocks
14
Top 10 share
87.1%
Turnover
21.3%
What changed this quarter
New
Bought for the first time this quarter.
- Badger MeterBMI4.7% of the fund
- Sonida Senior LivingSNDA2.0% of the fund
Added
Bought more of a stock they already held.
- GFL EnvironmentalGFL15.2% of the fund+47%
- Centuri HoldingsCTRI12.6% of the fund+180%
- Viant TechnologyDSP5.9% of the fund+52%
Cut
Sold some of their stake.
- TFI InternationalTFII11.4% of the fund-10%
- Driven Brands HoldingsDRVN10.3% of the fund-15%
- APi GroupAPG9.6% of the fund-6%
- MagniteMGNI6.2% of the fund-18%
- Priority Technology HoldingsPRTH5.0% of the fund-3%
- FlywireFLYW4.9% of the fund-47%
- Joint Stock Co Kaspi.kzKSPI3.5% of the fund-20%
- FirstServiceFSV2.7% of the fund-49%
Sold out
Sold their entire stake.
- AmrizeAMRZ-100%
- Verra MobilityVRRM-100%
- Titan America SATTAM-100%
Holdings
- GFL EnvironmentalGFL
- Share
- 15.2%
- Value
- $11m
- Shares
- 300,000
+47%
- TFI InternationalTFII
- Share
- 11.4%
- Value
- $8m
- Shares
- 57,705
-10%
- FirstServiceFSV
- Share
- 2.7%
- Value
- $2m
- Shares
- 14,000
-49%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| GFL EnvironmentalGFL | 15.2% | $11m | 300,000 | +47% |
| Centuri HoldingsCTRI | 12.6% | $9m | 302,000 | +180% |
| TFI InternationalTFII | 11.4% | $8m | 57,705 | -10% |
| Driven Brands HoldingsDRVN | 10.3% | $7m | 534,813 | -15% |
| APi GroupAPG | 9.6% | $7m | 165,000 | -6% |
| MagniteMGNI | 6.2% | $4m | 235,000 | -18% |
| Distribution Solutions GroupDSGR | 5.9% | $4m | 155,488 | Held |
| Viant TechnologyDSP | 5.9% | $4m | 335,233 | +52% |
| Priority Technology HoldingsPRTH | 5.0% | $4m | 542,000 | -3% |
| FlywireFLYW | 4.9% | $4m | 204,000 | -47% |
| Badger MeterBMI | 4.7% | $3m | 23,000 | New |
| Joint Stock Co Kaspi.kzKSPI | 3.5% | $3m | 29,300 | -20% |
| FirstServiceFSV | 2.7% | $2m | 14,000 | -49% |
| Sonida Senior LivingSNDA | 2.0% | $1m | 34,785 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 45.8% since 30 June 2025.
Where the money is
Industrials31.7%
Utilities27.9%
Technology25.5%
Retail & consumer10.3%
Real estate2.7%
Health care2.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.