Nitorum Capital, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Nitorum Capital, L.P. reported 28 stock positions worth $674.3 million. Its top holding was Martin Marietta Materials (MLM) at 7.4% of the portfolio, followed by Churchill Downs (CHDN, 6.6%) and Cannae (CNNE, 5.5%). Compared with Q1 2025, it added to 7 and reduced 21. The biggest buy was Qiagen (QGEN, shares +180%) and the biggest sale Primo Brands (PRMB, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001630243
- Portfolio Value
- $674.3M (Q2 2025)
- SEC Filing
- 0001630243-25-000009 ↗ filed Aug 14, 2025
Holdings Value
Holdings 28 stocks · $674.3M
| MLM Martin Marietta Materials | 7.39% | 90,791 | $49.8M | Reduce -9.1% |
| CHDN Churchill Downs Inc. | 6.64% | 443,653 | $44.8M | Reduce -6.2% |
| CNNE Cannae Holdings Inc. | 5.54% | 1,790,420 | $37.3M | Add +11.2% |
| PRMB Primo Brands Corp. | 5.39% | 1,228,133 | $36.4M | Reduce -41.3% |
| FISV Fiserv Inc. | 5.21% | 203,756 | $35.1M | Add +18.3% |
| RBA RB Global Inc. | 4.79% | 304,127 | $32.3M | Reduce -7.3% |
| FUN Six Flags Entertainment Corp. | 4.72% | 1,045,738 | $31.8M | Add +1.4% |
| BYD Boyd Gaming Corp. | 4.52% | 389,956 | $30.5M | Reduce -4.5% |
| FIS Fidelity National Info Serv | 4.52% | 374,258 | $30.5M | Reduce -3.5% |
| DELL Dell Technologies -C | 4.19% | 230,386 | $28.2M | Add +3.4% |
| LNTH Lantheus Holdings Inc. | 4.18% | 344,444 | $28.2M | Add +44.5% |
| MNKD Mannkind Corp. | 3.89% | 7,011,515 | $26.2M | Reduce -9.9% |
| GNRC Generac Holdings Inc. | 3.70% | 174,193 | $24.9M | Reduce -3.3% |
| PSMT Pricesmart Inc. | 3.34% | 214,366 | $22.5M | Reduce -11.7% |
| ICUI Icu Medical Inc. | 3.30% | 168,352 | $22.2M | Reduce -3.7% |
| UTHR United Therapeutics Corp. | 2.88% | 67,530 | $19.4M | Reduce -13.5% |
| WBS Webster Financial Corp. | 2.76% | 340,686 | $18.6M | Reduce -3.8% |
| LAUR Laureate Education Inc. | 2.65% | 764,974 | $17.9M | Reduce -3.7% |
| OSW Onespaworld Holdings Ltd. | 2.61% | 863,832 | $17.6M | Add +31.8% |
| VMI Valmont Industries | 2.43% | 50,137 | $16.4M | Reduce -9.8% |
| FCN Fti Consulting Inc. | 2.34% | 97,679 | $15.8M | Reduce -3.7% |
| EBAY eBay Inc. | 2.24% | 202,795 | $15.1M | Reduce -14.4% |
| QGEN Qiagen N.V. | 2.20% | 308,100 | $14.8M | Add +180.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.06% | 28,583 | $13.9M | Reduce -4.5% |
| CPRT Copart Inc. | 1.79% | 246,528 | $12.1M | Reduce -13.3% |
| EVR Evercore Inc. Class A | 1.64% | 40,899 | $11.0M | Reduce -16.2% |
| GNTX Gentex Corp. | 1.57% | 482,617 | $10.6M | Reduce -3.7% |
| MA Mastercard Inc. Class A | 1.51% | 18,136 | $10.2M | Reduce -41.3% |
Portfolio Sells Q1 2025 → Q2 2025
| PRMB Primo Brands Corp. | Reduce -41.3% | 5.39% | −5.03 |
| MNKD Mannkind Corp. | Reduce -9.9% | 3.89% | −1.61 |
| MA Mastercard Inc. Class A | Reduce -41.3% | 1.51% | −0.87 |
| CHDN Churchill Downs Inc. | Reduce -6.2% | 6.64% | −0.74 |
| UTHR United Therapeutics Corp. | Reduce -13.5% | 2.88% | −0.50 |
| CPRT Copart Inc. | Reduce -13.3% | 1.79% | −0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.5% | 2.06% | −0.18 |
| ICUI Icu Medical Inc. | Reduce -3.7% | 3.30% | −0.11 |
| GNTX Gentex Corp. | Reduce -3.7% | 1.57% | −0.07 |
| EBAY eBay Inc. | Reduce -14.4% | 2.24% | −0.02 |
| FCN Fti Consulting Inc. | Reduce -3.7% | 2.34% | −0.00 |
| RBA RB Global Inc. | Reduce -7.3% | 4.79% | +0.16 |
| WBS Webster Financial Corp. | Reduce -3.8% | 2.76% | +0.19 |
| VMI Valmont Industries | Reduce -9.8% | 2.43% | +0.20 |
| EVR Evercore Inc. Class A | Reduce -16.2% | 1.64% | +0.27 |
| PSMT Pricesmart Inc. | Reduce -11.7% | 3.34% | +0.34 |
| LAUR Laureate Education Inc. | Reduce -3.7% | 2.65% | +0.37 |
| FIS Fidelity National Info Serv | Reduce -3.5% | 4.52% | +0.45 |
| GNRC Generac Holdings Inc. | Reduce -3.3% | 3.70% | +0.49 |
| MLM Martin Marietta Materials | Reduce -9.1% | 7.39% | +0.68 |
| BYD Boyd Gaming Corp. | Reduce -4.5% | 4.52% | +0.75 |
Portfolio Buys Q1 2025 → Q2 2025
| QGEN Qiagen N.V. | Add +180.1% | 2.20% | +1.58 |
| CNNE Cannae Holdings Inc. | Add +11.2% | 5.54% | +1.39 |
| DELL Dell Technologies -C | Add +3.4% | 4.19% | +1.33 |
| OSW Onespaworld Holdings Ltd. | Add +31.8% | 2.61% | +1.07 |
| LNTH Lantheus Holdings Inc. | Add +44.5% | 4.18% | +0.91 |
| FISV Fiserv Inc. | Add +18.3% | 5.21% | −0.14 |
| FUN Six Flags Entertainment Corp. | Add +1.4% | 4.72% | −0.45 |
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 |