Norwood Investment Partners, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Norwood Investment Partners, LP reported 15 stock positions worth $65.0 million. Its top holding was GFL Environmental Inc.-Sub VT (GFL) at 13.1% of the portfolio, followed by Driven Brands (DRVN, 12.2%) and Api (APG, 11.0%). Compared with Q4 2025, it opened 3 new positions, sold out of 3, added to 5 and reduced 7. The biggest buy was Tfi International (TFII, shares +100%) and the biggest sale Api (APG, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- MILL VALLEY, CA
- CIK
- 0001888610
- Portfolio Value
- $65.0M (Q1 2026)
- SEC Filing
- 0001888610-26-000002 ↗ filed May 14, 2026
Holdings Value
Holdings 15 stocks · $65.0M
| GFL GFL Environmental Inc.-Sub VT | 13.10% | 204,000 | $8.5M | Reduce -31.5% |
| DRVN Driven Brands Holdings Inc. | 12.21% | 629,000 | $7.9M | Add +10.3% |
| APG Api Group Corp. | 10.98% | 176,000 | $7.1M | Reduce -60.5% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 10.70% | 64,000 | $7.0M | Add +100.0% |
| AMRZ Amrize Ltd. | 7.97% | 92,438 | $5.2M | Add +25.3% |
| FLYW Flywire Corp.-Voting | 6.95% | 388,000 | $4.5M | Reduce -34.0% |
| DSGR Distribution Solutions Group | 6.28% | 155,488 | $4.1M | Add +28.8% |
| FSV Firstservice Corp. | 5.84% | 27,319 | $3.8M | Reduce -31.7% |
| MGNI Magnite Inc. | 5.21% | 285,000 | $3.4M | Reduce -13.6% |
| CTRI Centuri Holdings Inc. | 4.86% | 108,000 | $3.2M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 4.15% | 36,416 | $2.7M | Reduce -23.7% |
| PRTH Priority Technology Holdings | 4.04% | 556,016 | $2.6M | Reduce -11.7% |
| DSP Viant Technology Inc. Class A | 3.79% | 220,000 | $2.5M | Add +123.3% |
| VRRM Verra Mobility Corp. | 3.67% | 167,000 | $2.4M | New |
| TTAM Titan America SA | 0.24% | 10,223 | $153K | New |
Portfolio Sells Q4 2025 → Q1 2026
| APG Api Group Corp. | Reduce -60.5% | 10.98% | −8.24 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −4.41 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −4.38 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −4.32 |
| FLYW Flywire Corp.-Voting | Reduce -34.0% | 6.95% | −2.42 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -31.5% | 13.10% | −1.31 |
| FSV Firstservice Corp. | Reduce -31.7% | 5.84% | −1.16 |
| MGNI Magnite Inc. | Reduce -13.6% | 5.21% | −0.82 |
| KSPI JSC Kaspi.kz ADR | Reduce -23.7% | 4.15% | −0.05 |
| PRTH Priority Technology Holdings | Reduce -11.7% | 4.04% | +0.17 |
Portfolio Buys Q4 2025 → Q1 2026
| TFII Tfi International Inc. | Add +100.0% | 10.70% | +6.98 |
| CTRI Centuri Holdings Inc. | New | 4.86% | +4.86 |
| VRRM Verra Mobility Corp. | New | 3.67% | +3.67 |
| AMRZ Amrize Ltd. | Add +25.3% | 7.97% | +3.48 |
| DRVN Driven Brands Holdings Inc. | Add +10.3% | 12.21% | +2.70 |
| DSGR Distribution Solutions Group | Add +28.8% | 6.28% | +2.56 |
| DSP Viant Technology Inc. Class A | Add +123.3% | 3.79% | +2.46 |
| TTAM Titan America SA | New | 0.24% | +0.24 |
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 |