P2 Capital Partners, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), P2 Capital Partners, LLC reported 11 stock positions worth $588.8 million. Its top holding was Cbiz (CBZ) at 25.1% of the portfolio, followed by Acadia Healthcare (ACHC, 14.8%) and JBT Marel (JBTM, 12.8%). Compared with Q3 2024, it opened 1 new position, sold out of 5, added to 2 and reduced 8. The biggest buy was Cbiz (CBZ, shares +0%) and the biggest sale an exit from Option Care Health (OPCH).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001406313
- Portfolio Value
- $588.8M (Q4 2024)
- SEC Filing
- 0001172661-25-001038 ↗ filed Feb 14, 2025
Holdings Value
Holdings 11 stocks · $588.8M
| CBZ Cbiz Inc. | 25.14% | 1,808,955 | $148.0M | Add +0.5% |
| ACHC Acadia Healthcare Co. Inc. | 14.78% | 2,194,288 | $87.0M | Add +39.8% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 12.81% | 593,558 | $75.4M | Reduce -25.8% |
| BLKB Blackbaud Inc. | 9.52% | 758,179 | $56.0M | Reduce -42.6% |
| IAS Integral Ad Science Holding | 8.53% | 4,810,000 | $50.2M | Reduce -34.6% |
| TNC Tennant Co. | 7.16% | 517,078 | $42.2M | Reduce -28.9% |
| HSIC Henry Schein Inc. | 6.86% | 583,316 | $40.4M | New |
| AVNT Avient Corp. | 4.84% | 696,867 | $28.5M | Reduce -33.3% |
| LIVN Livanova PLC | 4.02% | 510,802 | $23.7M | Reduce -51.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 3.89% | 339,442 | $22.9M | Reduce -44.5% |
| ENOV Enovis Corp. | 2.46% | 330,000 | $14.5M | Reduce -28.3% |
Portfolio Sells Q3 2024 → Q4 2024
| OPCH Option Care Health Inc. | Sold out | 0.00% | −6.95 |
| MIR Mirion Technologies Inc. | Sold out | 0.00% | −4.23 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −3.78 |
| BLKB Blackbaud Inc. | Reduce -42.6% | 9.52% | −3.25 |
| LIVN Livanova PLC | Reduce -51.4% | 4.02% | −2.28 |
| FUL H.B. Fuller Co. | Reduce -44.5% | 3.89% | −1.65 |
| AVNT Avient Corp. | Reduce -33.3% | 4.84% | −1.17 |
| TNC Tennant Co. | Reduce -28.9% | 7.16% | −0.82 |
| IAS Integral Ad Science Holding | Reduce -34.6% | 8.53% | −0.55 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.53 |
| SHC Sotera Health Co. | Sold out | 0.00% | −0.38 |
| ENOV Enovis Corp. | Reduce -28.3% | 2.46% | +0.20 |
| JBTM JBT Marel Corp. | Reduce -25.8% | 12.81% | +3.81 |
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $245.6M | ACHC, CBZ, JBTM, HSIC, TNC |
| Q1 2026 | 10 | $209.9M | ACHC, CBZ, JBTM, HSIC, TNC |
| Q4 2025 | 10 | $390.3M | CBZ, JBTM, BLKB, TNC, ZETA |
| Q3 2025 | 12 | $486.7M | CBZ, JBTM, ACHC, IAS, BLKB |
| Q2 2025 | 12 | $496.1M | CBZ, JBTM, ACHC, IAS, TNC |
| Q1 2025 | 12 | $515.2M | CBZ, JBTM, ACHC, TNC, IAS |
| Q4 2024 | 11 | $588.8M | CBZ, ACHC, JBTM, BLKB, IAS |
| Q3 2024 | 15 | $875.8M | CBZ, BLKB, ACHC, IAS, JBTM |
| Q2 2024 | 16 | $839.1M | ACHC, BLKB, CBZ, JBTM, RCM |
| Q1 2024 | 15 | $845.9M | CBZ, ACHC, BLKB, TNC, JBTM |