Norwood Investment Partners, LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Norwood Investment Partners, LP reported 12 stock positions worth $148.2 million. Its top holding was Distribution Solutions (DSGR) at 20.6% of the portfolio, followed by Api (APG, 19.8%) and Alight Class A (ALIT, 13.5%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 3 and reduced 3. The biggest buy was a new position in First Advantage (FA) and the biggest sale an exit from Willscot (WSC).

Most Recent 13F
Q2 2026
Location
MILL VALLEY, CA
CIK
0001888610
Portfolio Value
$148.2M (Q3 2024)
SEC Filing
0001888610-24-000004 ↗ filed Nov 12, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $156.6M Q1 2024 Q2 2024: $155.3M Q2 2024 Q3 2024: $148.2M $148.2M Q3 2024 Q4 2024: $140.1M Q4 2024 Q1 2025: $112.1M Q1 2025 Q2 2025: $133.5M Q2 2025 Q3 2025: $116.3M Q3 2025 Q4 2025: $88.8M Q4 2025 Q1 2026: $65.0M Q1 2026 Q2 2026: $72.4M Q2 2026

Holdings 12 stocks · $148.2M
DSGR Distribution Solutions Group 20.59% 792,584 $30.5M Reduce -1.7%
APG Api Group Corp. 19.85% 890,901 $29.4M Add +25.9%
ALIT Alight Inc. Class A 13.50% 2,702,867 $20.0M Reduce -1.6%
PAR Par Technology Corp. 9.06% 257,800 $13.4M Add +22.7%
IMXI International Money Express 8.32% 666,532 $12.3M No change
TFII Tfi International Inc. 7.09% 76,745 $10.5M No change
EEFT Euronet Worldwide Inc. 4.92% 73,428 $7.3M Reduce -54.8%
FA First Advantage Corp. 4.89% 364,979 $7.2M New
MLNK Meridianlink Inc. 3.85% 277,370 $5.7M Add +5.7%
FERG Ferguson Jersey Ltd. 3.58% 26,700 $5.3M No change
AVDX Avidxchange Holdings Inc. 2.63% 480,625 $3.9M New
FLYW Flywire Corp.-Voting 1.74% 157,100 $2.6M New

Portfolio Sells Q2 2024 → Q3 2024
WSC Willscot Holdings Corp. Sold out 0.00% −8.23
EEFT Euronet Worldwide Inc. Reduce -54.8% 4.92% −5.90
EB Eventbrite Inc. Class A Sold out 0.00% −5.74
ALIT Alight Inc. Class A Reduce -1.6% 13.50% +0.45
DSGR Distribution Solutions Group Reduce -1.7% 20.59% +5.01

Portfolio Buys Q2 2024 → Q3 2024
FA First Advantage Corp. New 4.89% +4.89
APG Api Group Corp. Add +25.9% 19.85% +2.69
PAR Par Technology Corp. Add +22.7% 9.06% +2.69
AVDX Avidxchange Holdings Inc. New 2.63% +2.63
FLYW Flywire Corp.-Voting New 1.74% +1.74
MLNK Meridianlink Inc. Add +5.7% 3.85% +0.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$72.4MGFL, CTRI, TFII, DRVN, APG
Q1 2026 15$65.0MGFL, DRVN, APG, TFII, AMRZ
Q4 2025 15$88.8MAPG, GFL, DRVN, FLYW, FSV
Q3 2025 15$116.3MAPG, CWAN, GFL, FLYW, MGNI
Q2 2025 15$133.5MAPG, GFL, CWAN, DRVN, MGNI
Q1 2025 14$112.1MDRVN, APG, ALIT, GFL, PAR
Q4 2024 12$140.1MAPG, DSGR, ALIT, PAR, TFII
Q3 2024 12$148.2MDSGR, APG, ALIT, PAR, IMXI
Q2 2024 11$155.3MAPG, DSGR, ALIT, EEFT, IMXI
Q1 2024 13$156.6MDSGR, APG, WSC, EEFT, IMXI