1y return+3.9%S&P 500 +20.9%
3y return+12.7%S&P 500 +68.5%
5y return+8.6%S&P 500 +74.5%
10y return+134.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $235 against $357 in the S&P 500.2
Sunriver Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ARMKAramark | $60.1M | 9.4% | −24.4% |
| WCNWaste Connections Inc | $57.3M | 9.0% | +6.5% |
| SSNCSs&c Tech Hldgs | $50.5M | 7.9% | +1.9% |
| DGDollar Gen Corp | $38.3M | 6.0% | New |
| FAFirst Advantage Corp New | $35.0M | 5.5% | −36.0% |
| BKNGBooking Holdings Inc | $34.7M | 5.4% | New |
| LIILennox Intl Inc | $33.8M | 5.3% | New |
| LYVLive Nation Entertainment In | $32.0M | 5.0% | +2.4% |
| CNMCore & Main Inc | $29.9M | 4.7% | New |
| WEXWex Inc | $28.6M | 4.5% | |
| GPCGenuine Parts Co | $28.5M | 4.5% | New |
| BOBSBobs Disc Furniture Inc | $25.6M | 4.0% | +6.5% |
| PFGCPerformance Food Group Co | $24.6M | 3.9% | −36.1% |
| CAECae Inc | $24.5M | 3.9% | +16.0% |
| MGRCMcgrath Rentcorp | $24.0M | 3.8% | New |
| NSPInsperity Inc | $21.4M | 3.4% | New |
| HURNHuron Consulting Group Inc | $21.2M | 3.3% | |
| ROADConstruction Partners Inc | $20.8M | 3.3% | New |
| WAYWaystar Hldg Corp | $17.6M | 2.8% | New |
| SOLSSolstice Advanced Matls Inc | $17.4M | 2.7% | New |
| KFYKorn Ferry | $10.9M | 1.7% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PFGCPerformance Food Group Co | December 31, 2021 | +143.6% | $24.6M |
| ARMKAramark | June 30, 2025 | +35.9% | $60.1M |
| BOBSBobs Disc Furniture Inc | March 31, 2026 | +34.6% | $25.6M |
| FAFirst Advantage Corp New | September 30, 2023 | +30.9% | $35.0M |
| LYVLive Nation Entertainment In | December 31, 2025 | +28.5% | $32.0M |
| WCNWaste Connections Inc | March 31, 2026 | +2.6% | $57.3M |
| CAECae Inc | March 31, 2026 | −3.8% | $24.5M |
| HURNHuron Consulting Group Inc | June 30, 2024 | −8.5% | $21.2M |
| SSNCSs&c Tech Hldgs | June 30, 2025 | −25.1% | $50.5M |
| WEXWex Inc | September 30, 2024 | −32.7% | $28.6M |
Sold off last quarter
- OPLNOpenlane Inc was $44.3M
- VRRMVerra Mobility Corp was $42.1M
- CDWCdw Corp was $32.5M
- CBZCbiz Inc was $26.0M
- FISFidelity Natl Information Sv was $25.7M
- TRUTransunion was $23.0M
- LMTLockheed Martin Corp was $21.9M
- SWKStanley Black & Decker Inc was $20.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.8% | +14.8% |
| March 31, 2026 | −12.8% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +2.4% | +7.8% |
| June 30, 2025 | +5.2% | +10.5% |
| March 31, 2025 | −9.3% | −4.6% |
| December 31, 2024 | +1.7% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | −3.7% | +4.0% |
| March 31, 2024 | +6.4% | +10.0% |
| December 31, 2023 | +11.0% | +11.2% |
| September 30, 2023 | −9.1% | −3.6% |
| June 30, 2023 | +8.9% | +8.3% |
| March 31, 2023 | +14.2% | +7.0% |
| December 31, 2022 | +1.2% | +7.1% |
| September 30, 2022 | −8.7% | −5.3% |
| June 30, 2022 | −12.0% | −16.5% |
| March 31, 2022 | −6.4% | −4.9% |
| December 31, 2021 | +5.4% | +10.7% |
| September 30, 2021 | −3.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Sunriver Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1663900&type=13F-HR&dateb=&owner=include&count=40CIK 1663900
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1663900/000189268826000115/Filed August 13, 2026 · accession 0001892688-26-000115