Wishbone Management, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Wishbone Management, LP reported 4 stock positions worth $166.7 million. Its top holding was Avnet (AVT) at 37.2% of the portfolio, followed by Copa Class A (CPA, 26.2%) and Lightspeed Commerce (LSPD, 19.3%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Lightspeed Commerce (LSPD) and the biggest sale an exit from Elevance Health (ELV).

Most Recent 13F
Q2 2026
Location
Chicago, IL
CIK
0001777734
Portfolio Value
$166.7M (Q1 2025)
SEC Filing
0000919574-25-003042 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $282.9M Q1 2024 Q2 2024: $309.7M Q2 2024 Q3 2024: $279.2M Q3 2024 Q4 2024: $210.5M Q4 2024 Q1 2025: $166.7M $166.7M Q1 2025 Q2 2025: $221.0M Q2 2025 Q3 2025: $186.0M Q3 2025 Q4 2025: $234.2M Q4 2025 Q1 2026: $135.6M Q1 2026 Q2 2026: $231.7M Q2 2026

Holdings 4 stocks · $166.7M
AVT Avnet Inc. 37.22% 1,290,000 $62.0M Reduce -21.8%
CPA Copa Holdings SA Class A 26.21% 472,500 $43.7M Add +12.5%
LSPD Lightspeed Commerce Inc. 19.29% 3,675,000 $32.2M New
FERG Ferguson Enterprises Inc. 17.28% 179,697 $28.8M No change

Portfolio Sells Q4 2024 → Q1 2025
ELV Elevance Health Inc. Sold out 0.00% −26.64
AVT Avnet Inc. Reduce -21.8% 37.22% −3.79

Portfolio Buys Q4 2024 → Q1 2025
LSPD Lightspeed Commerce Inc. New 19.29% +19.29
CPA Copa Holdings SA Class A Add +12.5% 26.21% +8.68

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$231.7MCPA, AVT, ROP, CDW, AMZN
Q1 2026 4$135.6MCPA, AVT, ROP, MCHP
Q4 2025 5$234.2MEPAM, CPA, AVT, ACN, LSPD
Q3 2025 4$186.0MAVT, CPA, LSPD, EPAM
Q2 2025 4$221.0MAVT, CPA, LSPD, MSFT
Q1 2025 4$166.7MAVT, CPA, LSPD, FERG
Q4 2024 4$210.5MAVT, ELV, CPA, FERG
Q3 2024 5$279.2MAVT, ELV, FERG, CPA, SDRL
Q2 2024 5$309.7MAVT, ELV, FERG, SDRL, CPA
Q1 2024 4$282.9MAVT, ELV, FERG, SDRL