Nitorum Capital, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nitorum Capital, L.P. reported 28 stock positions worth $711.7 million. Its top holding was Primo Brands (PRMB) at 10.4% of the portfolio, followed by Churchill Downs (CHDN, 7.4%) and Martin Marietta Materials (MLM, 6.7%). Compared with Q4 2024, it opened 3 new positions, sold out of 1, added to 2 and reduced 23. The biggest buy was a new position in Lantheus (LNTH) and the biggest sale an exit from Verisign (VRSN).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001630243
- Portfolio Value
- $711.7M (Q1 2025)
- SEC Filing
- 0001630243-25-000006 ↗ filed May 15, 2025
Holdings Value
Holdings 28 stocks · $711.7M
| PRMB Primo Brands Corp. | 10.43% | 2,090,733 | $74.2M | Reduce -22.2% |
| CHDN Churchill Downs Inc. | 7.38% | 473,095 | $52.5M | Reduce -16.4% |
| MLM Martin Marietta Materials | 6.71% | 99,898 | $47.8M | Reduce -9.8% |
| MNKD Mannkind Corp. | 5.50% | 7,785,702 | $39.2M | Reduce -11.0% |
| FISV Fiserv Inc. | 5.35% | 172,305 | $38.1M | Reduce -21.4% |
| FUN Six Flags Entertainment Corp. | 5.17% | 1,031,744 | $36.8M | Reduce -3.8% |
| RBA RB Global Inc. | 4.62% | 328,173 | $32.9M | Reduce -12.3% |
| CNNE Cannae Holdings Inc. | 4.15% | 1,610,069 | $29.5M | Reduce -3.1% |
| FIS Fidelity National Info Serv | 4.07% | 387,763 | $29.0M | Reduce -4.3% |
| BYD Boyd Gaming Corp. | 3.78% | 408,310 | $26.9M | Reduce -17.1% |
| ICUI Icu Medical Inc. | 3.41% | 174,901 | $24.3M | Reduce -12.6% |
| UTHR United Therapeutics Corp. | 3.38% | 78,047 | $24.1M | Reduce -18.2% |
| LNTH Lantheus Holdings Inc. | 3.27% | 238,326 | $23.3M | New |
| GNRC Generac Holdings Inc. | 3.21% | 180,181 | $22.8M | Reduce -9.8% |
| PSMT Pricesmart Inc. | 3.00% | 242,651 | $21.3M | Reduce -6.2% |
| DELL Dell Technologies -C | 2.85% | 222,896 | $20.3M | Add +6.1% |
| WBS Webster Financial Corp. | 2.56% | 353,942 | $18.2M | Reduce -14.6% |
| MA Mastercard Inc. Class A | 2.38% | 30,892 | $16.9M | Reduce -36.6% |
| FCN Fti Consulting Inc. | 2.34% | 101,479 | $16.7M | Reduce -10.2% |
| LAUR Laureate Education Inc. | 2.28% | 794,235 | $16.2M | Reduce -29.6% |
| CPRT Copart Inc. | 2.26% | 284,375 | $16.1M | Reduce -16.0% |
| EBAY eBay Inc. | 2.25% | 236,922 | $16.0M | Reduce -31.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.24% | 29,929 | $15.9M | Reduce -40.4% |
| VMI Valmont Industries | 2.23% | 55,576 | $15.9M | Add +2.0% |
| GNTX Gentex Corp. | 1.64% | 501,389 | $11.7M | Reduce -26.0% |
| OSW Onespaworld Holdings Ltd. | 1.55% | 655,600 | $11.0M | New |
| EVR Evercore Inc. Class A | 1.37% | 48,828 | $9.8M | Reduce -20.9% |
| QGEN Qiagen N.V. | 0.62% | 110,000 | $4.4M | New |
Portfolio Sells Q4 2024 → Q1 2025
| VRSN Verisign Inc. | Sold out | 0.00% | −1.68 |
| CHDN Churchill Downs Inc. | Reduce -16.4% | 7.38% | −1.31 |
| MNKD Mannkind Corp. | Reduce -11.0% | 5.50% | −0.97 |
| FUN Six Flags Entertainment Corp. | Reduce -3.8% | 5.17% | −0.77 |
| GNTX Gentex Corp. | Reduce -26.0% | 1.64% | −0.60 |
| EVR Evercore Inc. Class A | Reduce -20.9% | 1.37% | −0.60 |
| MA Mastercard Inc. Class A | Reduce -36.6% | 2.38% | −0.57 |
| UTHR United Therapeutics Corp. | Reduce -18.2% | 3.38% | −0.49 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -40.4% | 2.24% | −0.38 |
| GNRC Generac Holdings Inc. | Reduce -9.8% | 3.21% | −0.35 |
| BYD Boyd Gaming Corp. | Reduce -17.1% | 3.78% | −0.33 |
| EBAY eBay Inc. | Reduce -31.3% | 2.25% | −0.20 |
| ICUI Icu Medical Inc. | Reduce -12.6% | 3.41% | −0.16 |
| FCN Fti Consulting Inc. | Reduce -10.2% | 2.34% | −0.14 |
| LAUR Laureate Education Inc. | Reduce -29.6% | 2.28% | −0.09 |
| WBS Webster Financial Corp. | Reduce -14.6% | 2.56% | −0.07 |
| CPRT Copart Inc. | Reduce -16.0% | 2.26% | +0.03 |
| MLM Martin Marietta Materials | Reduce -9.8% | 6.71% | +0.14 |
| FISV Fiserv Inc. | Reduce -21.4% | 5.35% | +0.17 |
| PSMT Pricesmart Inc. | Reduce -6.2% | 3.00% | +0.25 |
| FIS Fidelity National Info Serv | Reduce -4.3% | 4.07% | +0.31 |
| CNNE Cannae Holdings Inc. | Reduce -3.1% | 4.15% | +0.35 |
| RBA RB Global Inc. | Reduce -12.3% | 4.62% | +0.74 |
| PRMB Primo Brands Corp. | Reduce -22.2% | 10.43% | +0.91 |
Portfolio Buys Q4 2024 → Q1 2025
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 |