Norwood Investment Partners, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Norwood Investment Partners, LP reported 14 stock positions worth $112.1 million. Its top holding was Driven Brands (DRVN) at 14.2% of the portfolio, followed by Api (APG, 13.8%) and Alight Class A (ALIT, 13.3%). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 4 and reduced 6. The biggest buy was a new position in Driven Brands (DRVN) and the biggest sale Distribution Solutions (DSGR, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- MILL VALLEY, CA
- CIK
- 0001888610
- Portfolio Value
- $112.1M (Q1 2025)
- SEC Filing
- 0001888610-25-000002 ↗ filed May 6, 2025
Holdings Value
Holdings 14 stocks · $112.1M
| DRVN Driven Brands Holdings Inc. | 14.18% | 927,200 | $15.9M | New |
| APG Api Group Corp. | 13.81% | 432,798 | $15.5M | Reduce -37.1% |
| ALIT Alight Inc. Class A | 13.25% | 2,504,867 | $14.9M | Add +0.8% |
| GFL GFL Environmental Inc.-Sub VT | 9.48% | 220,000 | $10.6M | New |
| PAR Par Technology Corp. | 9.08% | 165,800 | $10.2M | Reduce -17.4% |
| EEFT Euronet Worldwide Inc. | 8.85% | 92,828 | $9.9M | Add +54.9% |
| DSGR Distribution Solutions Group | 7.78% | 311,281 | $8.7M | Reduce -53.8% |
| TFII Tfi International Inc. | 5.00% | 72,356 | $5.6M | Reduce -10.5% |
| MLNK Meridianlink Inc. | 4.35% | 262,927 | $4.9M | Add +101.7% |
| FLYW Flywire Corp.-Voting | 3.78% | 445,546 | $4.2M | Add +2.5% |
| FERG Ferguson Jersey Ltd. | 3.00% | 21,000 | $3.4M | Reduce -21.4% |
| FA First Advantage Corp. | 2.92% | 232,222 | $3.3M | Reduce -59.2% |
| DSP Viant Technology Inc. Class A | 2.57% | 232,161 | $2.9M | New |
| FSV Firstservice Corp. | 1.95% | 13,140 | $2.2M | New |
Portfolio Sells Q4 2024 → Q1 2025
| DSGR Distribution Solutions Group | Reduce -53.8% | 7.78% | −8.78 |
| CERT Certara Inc. | Sold out | 0.00% | −5.88 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −5.77 |
| FA First Advantage Corp. | Reduce -59.2% | 2.92% | −4.69 |
| APG Api Group Corp. | Reduce -37.1% | 13.81% | −3.86 |
| TFII Tfi International Inc. | Reduce -10.5% | 5.00% | −2.80 |
| PAR Par Technology Corp. | Reduce -17.4% | 9.08% | −1.34 |
| FERG Ferguson Jersey Ltd. | Reduce -21.4% | 3.00% | −0.31 |
Portfolio Buys Q4 2024 → Q1 2025
| DRVN Driven Brands Holdings Inc. | New | 14.18% | +14.18 |
| GFL GFL Environmental Inc.-Sub VT | New | 9.48% | +9.48 |
| EEFT Euronet Worldwide Inc. | Add +54.9% | 8.85% | +4.45 |
| DSP Viant Technology Inc. Class A | New | 2.57% | +2.57 |
| MLNK Meridianlink Inc. | Add +101.7% | 4.35% | +2.43 |
| FSV Firstservice Corp. | New | 1.95% | +1.95 |
| ALIT Alight Inc. Class A | Add +0.8% | 13.25% | +0.98 |
| FLYW Flywire Corp.-Voting | Add +2.5% | 3.78% | −2.62 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $72.4M | GFL, CTRI, TFII, DRVN, APG |
| Q1 2026 | 15 | $65.0M | GFL, DRVN, APG, TFII, AMRZ |
| Q4 2025 | 15 | $88.8M | APG, GFL, DRVN, FLYW, FSV |
| Q3 2025 | 15 | $116.3M | APG, CWAN, GFL, FLYW, MGNI |
| Q2 2025 | 15 | $133.5M | APG, GFL, CWAN, DRVN, MGNI |
| Q1 2025 | 14 | $112.1M | DRVN, APG, ALIT, GFL, PAR |
| Q4 2024 | 12 | $140.1M | APG, DSGR, ALIT, PAR, TFII |
| Q3 2024 | 12 | $148.2M | DSGR, APG, ALIT, PAR, IMXI |
| Q2 2024 | 11 | $155.3M | APG, DSGR, ALIT, EEFT, IMXI |
| Q1 2024 | 13 | $156.6M | DSGR, APG, WSC, EEFT, IMXI |