1y return−32.2%S&P 500 +20.9%
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 December 31, 2024: $74 against $127 in the S&P 500.2
Whitebark Investors LPS&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 |
|---|---|---|---|
| Global E Online LtdCUSIP M5216V106 | $20.7M | 16.0% | |
| CPNGCoupang Inc | $18.7M | 14.5% | |
| GOGrocery Outlet Hldg Corp | $16.2M | 12.5% | |
| MSFTMicrosoft Corp | $15.6M | 12.1% | −17.6% |
| Klarna Group PLCCUSIP G5279N105 | $14.0M | 10.8% | |
| Flutter Entmt PLCCUSIP G3643J108 | $13.8M | 10.6% | |
| GSHDGoosehead Ins Inc | $13.1M | 10.1% | |
| BLNDBlend Labs Inc | $10.8M | 8.4% | |
| TSMTaiwan Semiconductor Manufac | $4.1M | 3.2% | New |
| SHENShenandoah Telecommunication | $2.5M | 1.9% | −77.0% |
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 |
|---|---|---|---|
| SHENShenandoah Telecommunication | December 31, 2025 | +30.4% | $2.5M |
| MSFTMicrosoft Corp | December 31, 2024 | −11.5% | $15.6M |
| CPNGCoupang Inc | December 31, 2024 | −21.0% | $18.7M |
| GOGrocery Outlet Hldg Corp | March 31, 2025 | −28.6% | $16.2M |
| Global E Online LtdCUSIP M5216V106 | December 31, 2024 | −36.3% | $20.7M |
| Klarna Group PLCCUSIP G5279N105 | September 30, 2025 | −44.8% | $14.0M |
| GSHDGoosehead Ins Inc | December 31, 2024 | −54.8% | $13.1M |
| BLNDBlend Labs Inc | December 31, 2024 | −59.4% | $10.8M |
| Flutter Entmt PLCCUSIP G3643J108 | December 31, 2024 | −60.5% | $13.8M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.5% | +14.8% |
| March 31, 2026 | −32.3% | −4.6% |
| December 31, 2025 | −9.2% | +2.4% |
| September 30, 2025 | +0.7% | +7.8% |
| June 30, 2025 | +13.2% | +10.5% |
| March 31, 2025 | −4.0% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Whitebark Investors LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2042091&type=13F-HR&dateb=&owner=include&count=40CIK 2042091
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2042091/000117266126003549/Filed August 14, 2026 · accession 0001172661-26-003549