Nitorum Capital, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Nitorum Capital, L.P. reported 26 stock positions worth $869.6 million. Its top holding was Primo Brands (PRMB) at 9.5% of the portfolio, followed by Churchill Downs (CHDN, 8.7%) and Martin Marietta Materials (MLM, 6.6%). Compared with Q3 2024, it sold out of 2, added to 4 and reduced 22. The biggest buy was Generac (GNRC, shares +31%) and the biggest sale an exit from Acadia Healthcare (ACHC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001630243
- Portfolio Value
- $869.6M (Q4 2024)
- SEC Filing
- 0001630243-25-000003 ↗ filed Feb 14, 2025
Holdings Value
Holdings 26 stocks · $869.6M
| PRMB Primo Brands Corp. | 9.51% | 2,688,500 | $82.7M | Reduce -15.7% |
| CHDN Churchill Downs Inc. | 8.69% | 566,022 | $75.6M | Reduce -11.9% |
| MLM Martin Marietta Materials | 6.57% | 110,689 | $57.2M | Reduce -5.9% |
| MNKD Mannkind Corp. | 6.47% | 8,747,316 | $56.2M | Reduce -4.5% |
| FUN Six Flags Entertainment Corp. | 5.94% | 1,072,355 | $51.7M | Reduce -6.1% |
| FISV Fiserv Inc. | 5.18% | 219,193 | $45.0M | Reduce -27.7% |
| BYD Boyd Gaming Corp. | 4.11% | 492,448 | $35.7M | Reduce -8.3% |
| RBA RB Global Inc. | 3.88% | 374,229 | $33.8M | Add +1.7% |
| UTHR United Therapeutics Corp. | 3.87% | 95,420 | $33.7M | Reduce -15.8% |
| CNNE Cannae Holdings Inc. | 3.80% | 1,662,388 | $33.0M | Reduce -11.0% |
| FIS Fidelity National Info Serv | 3.76% | 405,062 | $32.7M | Reduce -17.6% |
| ICUI Icu Medical Inc. | 3.57% | 200,045 | $31.0M | Reduce -7.6% |
| GNRC Generac Holdings Inc. | 3.56% | 199,689 | $31.0M | Add +31.3% |
| MA Mastercard Inc. Class A | 2.95% | 48,731 | $25.7M | Reduce -24.5% |
| DELL Dell Technologies -C | 2.78% | 210,020 | $24.2M | Add +5.2% |
| PSMT Pricesmart Inc. | 2.74% | 258,617 | $23.8M | Add +2.4% |
| WBS Webster Financial Corp. | 2.63% | 414,615 | $22.9M | Reduce -5.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.62% | 50,201 | $22.8M | Reduce -30.4% |
| FCN Fti Consulting Inc. | 2.48% | 112,968 | $21.6M | Reduce -7.8% |
| EBAY eBay Inc. | 2.46% | 344,929 | $21.4M | Reduce -5.7% |
| LAUR Laureate Education Inc. | 2.37% | 1,128,280 | $20.6M | Reduce -19.7% |
| GNTX Gentex Corp. | 2.24% | 677,699 | $19.5M | Reduce -4.3% |
| CPRT Copart Inc. | 2.23% | 338,426 | $19.4M | Reduce -24.4% |
| EVR Evercore Inc. Class A | 1.97% | 61,691 | $17.1M | Reduce -17.3% |
| VMI Valmont Industries | 1.92% | 54,510 | $16.7M | Reduce -19.9% |
| VRSN Verisign Inc. | 1.68% | 70,574 | $14.6M | Reduce -24.6% |
Portfolio Sells Q3 2024 → Q4 2024
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −3.40 |
| CNC Centene Corp. | Sold out | 0.00% | −1.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -30.4% | 2.62% | −0.72 |
| ICUI Icu Medical Inc. | Reduce -7.6% | 3.57% | −0.40 |
| FIS Fidelity National Info Serv | Reduce -17.6% | 3.76% | −0.38 |
| FCN Fti Consulting Inc. | Reduce -7.8% | 2.48% | −0.32 |
| FISV Fiserv Inc. | Reduce -27.7% | 5.18% | −0.30 |
| MA Mastercard Inc. Class A | Reduce -24.5% | 2.95% | −0.26 |
| UTHR United Therapeutics Corp. | Reduce -15.8% | 3.87% | −0.22 |
| CPRT Copart Inc. | Reduce -24.4% | 2.23% | −0.13 |
| VRSN Verisign Inc. | Reduce -24.6% | 1.68% | −0.11 |
| VMI Valmont Industries | Reduce -19.9% | 1.92% | −0.06 |
| CHDN Churchill Downs Inc. | Reduce -11.9% | 8.69% | −0.06 |
| LAUR Laureate Education Inc. | Reduce -19.7% | 2.37% | +0.02 |
| EBAY eBay Inc. | Reduce -5.7% | 2.46% | +0.06 |
| EVR Evercore Inc. Class A | Reduce -17.3% | 1.97% | +0.07 |
| GNTX Gentex Corp. | Reduce -4.3% | 2.24% | +0.12 |
| MLM Martin Marietta Materials | Reduce -5.9% | 6.57% | +0.20 |
| CNNE Cannae Holdings Inc. | Reduce -11.0% | 3.80% | +0.21 |
| WBS Webster Financial Corp. | Reduce -5.0% | 2.63% | +0.59 |
| BYD Boyd Gaming Corp. | Reduce -8.3% | 4.11% | +0.62 |
| MNKD Mannkind Corp. | Reduce -4.5% | 6.47% | +0.67 |
| FUN Six Flags Entertainment Corp. | Reduce -6.1% | 5.94% | +1.31 |
| PRMB Primo Brands Corp. | Reduce -15.7% | 9.51% | +1.41 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 23 | $146.8M | MDY, DELL, MLM, RBA, RSP |
| Q1 2026 | 20 | $113.9M | MDY, MLM, DELL, RBA, CHDN |
| Q4 2025 | 25 | $452.4M | CHDN, MLM, MNKD, RBA, DELL |
| Q3 2025 | 27 | $569.3M | MLM, CHDN, MNKD, DELL, RBA |
| Q2 2025 | 28 | $674.3M | MLM, CHDN, CNNE, PRMB, FISV |
| Q1 2025 | 28 | $711.7M | PRMB, CHDN, MLM, MNKD, FISV |
| Q4 2024 | 26 | $869.6M | PRMB, CHDN, MLM, MNKD, FUN |
| Q3 2024 | 28 | $993.5M | CHDN, PRMW, MLM, MNKD, FISV |
| Q2 2024 | 27 | $917.3M | CHDN, MLM, PRMW, MNKD, FISV |
| Q1 2024 | 28 | $982.2M | CHDN, MLM, FIS, CNNE, PRMW |