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Peregrine Capital Management, LLC
Robert B. Mersky · Asset Manager · Growth
Peregrine Capital Management, LLC is an independent, employee-owned investment management firm founded in 1984 and headquartered in Minneapolis, Minnesota. The firm specializes in U.S. equity strategies, offering a range of investment products including small-cap growth, small-cap value, and large-cap growth portfolios. Peregrine is distinguished by its use of independent investment teams that maintain style purity and high active share through research-intensive, bottom-up stock selection. With approximately $4.3 billion in assets under management, the firm serves a diverse client base of institutional investors, such as public and corporate pension plans, endowments, and foundations. Their approach emphasizes consistency, continuity, and fundamental analysis to identify long-term investment opportunities, achieved through direct company engagement and rigorous financial modeling.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +16.0% |
| YTD return | +7.4% |
| Sharpe ratio | 1.64 |
| Win rate | 50% |
| AUM | $1.2B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.2B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.peregrine.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NET | Cloudflare Inc | 9.7% | +50.0% |
| AMZN | Amazon.com Inc | 8.8% | +13.2% |
| CRWD | Crowdstrike Holdings Inc | 8.0% | +82.9% |
| GOOGL | Alphabet Inc Class A | 7.6% | +36.5% |
| SNOW | Snowflake Inc. | 7.4% | +53.4% |
| ARES | Ares Management LP | 6.2% | -12.2% |
| NOW | ServiceNow Inc | 6.0% | -1.9% |
| VEEV | Veeva Systems Inc Class A | 4.7% | +7.2% |
| LLY | Eli Lilly and Company | 4.6% | +7.6% |
| DXCM | DexCom Inc | 4.5% | +29.4% |
| V | Visa Inc. Class A | 4.1% | +7.4% |
| PCOR | Procore Technologies Inc | 4.0% | -19.6% |
| UBER | Uber Technologies Inc | 3.9% | -19.4% |
| MA | Mastercard Inc | 3.5% | +0.3% |
| SHOP | Shopify Inc | 3.3% | +3.0% |
| RDDT | Reddit, Inc. | 3.2% | -11.1% |
| ISRG | Intuitive Surgical Inc | 2.9% | -10.1% |
| TEAM | Atlassian Corp Plc | 2.7% | +0.2% |
| DKNG | DraftKings Inc | 2.5% | -11.5% |
| CDNS | Cadence Design Systems Inc | 2.5% | -16.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | BUY | ISRG | 2.8% → 2.9% |
| Sep 14, 2026 | BUY | NOW | 6.0% → 6.0% |
| Sep 14, 2026 | SELL | PCOR | 4.5% → 4.0% |
| Sep 14, 2026 | SELL | RDDT | 3.0% → 3.2% |
| Sep 14, 2026 | SELL | WDAY | 2.5% → 0.0% |
Investment Style Analysis
Peregrine Capital Management, LLC is widely recognized for employing a Growth strategy. As of Sep 18, 2026, the firm oversees approximately $1.2B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Application and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, Peregrine Capital Management, LLC made a significant move by increasing exposure to ISRG. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Peregrine’s investment philosophy is centered on fundamental, bottom-up research and the maintenance of independent investment teams to ensure style purity across its strategies. The firm believes that deep, company-specific analysis—including direct engagement with management teams and thorough financial evaluation—is the most effective way to identify high-quality businesses that can deliver superior long-term results. Each team follows a disciplined process tailored to its specific market segment, whether focused on identifying growth potential or uncovering undervalued assets, while avoiding short-term market timing or macroeconomic speculation. This philosophy relies on the continuity of investment professionals and a rigorous, repeatable process to generate consistent alpha for clients.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Peregrine Capital Management, LLC.
Similar Investment Style
Based on Growth.
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Frequently asked questions
How is the simulated portfolio for Peregrine Capital Management, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Peregrine Capital Management, LLC's largest holding?
As of the latest filing, Peregrine Capital Management, LLC's top position is Cloudflare Inc (NET), representing 9.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Peregrine Capital Management, LLC's historical performance and risk profile?
Our simulation indicates a total return of +16.0% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 1.64, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does Peregrine Capital Management, LLC primarily invest in?
Peregrine Capital Management, LLC has a strong preference for the Software - Application sector, which makes up 29.7% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Peregrine Capital Management, LLC's portfolio concentrated or diversified?
Peregrine Capital Management, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 26.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Peregrine Capital Management, LLC performed in 2026?
Our AI-simulated model portfolio for Peregrine Capital Management, LLC tracks a Year-to-Date (YTD) return of +7.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Robert B. Mersky manage Peregrine Capital Management, LLC directly?
Yes, Robert B. Mersky serves as the key portfolio manager for Peregrine Capital Management, LLC, overseeing the investment strategy and final capital allocation decisions.