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North Peak Capital Management, LLC
Jeremy Kahan · Hedge Fund · Long/Short Equity
North Peak Capital Management, LLC is a New York-based investment firm founded in 2015 by brothers Jeremy and Michael Kahan. The firm specializes in a long-biased long/short equity strategy with a primary focus on small and mid-cap public companies. Applying a private equity-style approach to public markets, North Peak conducts intensive fundamental research to identify high-quality businesses that are misunderstood or mispriced by the market. The institution is known for its concentrated portfolio and its commitment to achieving superior long-term capital appreciation by investing in companies with strong management teams and significant cash flow potential.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +8.6% |
| YTD return | +1.9% |
| Sharpe ratio | 1.26 |
| Win rate | 33% |
| AUM | $1.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.northpeakcapital.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| HGV | Hilton Grand Vacations Inc | 20.0% | -17.6% |
| SCHW | Charles Schwab Corp | 18.6% | +8.5% |
| CVNA | Carvana Co | 17.5% | -10.0% |
| AGL | agilon health Inc | 14.0% | +67.9% |
| SE | Sea Ltd | 9.2% | -8.8% |
| FIGR | Figure Technology Solutions, Inc. Class A Common Stock | 8.7% | -3.7% |
| GMRS | GMR Solutions Inc. | 4.4% | -8.6% |
| CELH | Celsius Holdings Inc | 3.9% | -12.3% |
| HAE | Haemonetics Corporation | 3.7% | +84.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | HAE | 3.7% → 3.7% |
| Sep 21, 2026 | SELL | CELH | 3.9% → 3.9% |
| Sep 21, 2026 | BUY | CVNA | 17.5% → 17.5% |
| Sep 21, 2026 | BUY | AGL | 14.0% → 14.0% |
| Sep 21, 2026 | BUY | HGV | 20.0% → 20.0% |
Investment Style Analysis
North Peak Capital Management, LLC is widely recognized for employing a Long/Short Equity strategy. As of Sep 21, 2026, the firm oversees approximately $1.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Capital Markets and Resorts & Casinos sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, North Peak Capital Management, LLC made a significant move by reducing the position in HAE. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's investment philosophy centers on a concentrated, research-intensive approach, treating public equities as ownership stakes in businesses rather than mere symbols. By applying private equity-level due diligence to small and mid-cap public companies, North Peak seeks to identify high-quality compounders and mispriced securities with visible cash flow inflections. The strategy is fundamentally long-biased but selectively employs short positions to hedge or capitalize on secularly challenged businesses, aiming for superior capital appreciation over a multi-year time horizon while prioritizing deep fundamental understanding over short-term market trends.
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 North Peak Capital Management, LLC.
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Frequently asked questions
How is the simulated portfolio for North Peak 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 North Peak Capital Management, LLC's largest holding?
As of the latest filing, North Peak Capital Management, LLC's top position is Hilton Grand Vacations Inc (HGV), representing 20.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is North Peak Capital Management, LLC's historical performance and risk profile?
Our simulation indicates a total return of +8.6% with a win rate of 33%. Notably, the portfolio maintains a Sharpe Ratio of 1.26, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does North Peak Capital Management, LLC primarily invest in?
North Peak Capital Management, LLC has a strong preference for the Capital Markets sector, which makes up 27.2% of their disclosed assets. The portfolio also has exposure to Resorts & Casinos, indicating a specific thematic focus.
Is North Peak Capital Management, LLC's portfolio concentrated or diversified?
North Peak Capital Management, LLC runs a highly concentrated portfolio with 9 disclosed positions. The top 3 holdings alone account for 56.1% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has North Peak Capital Management, LLC performed in 2026?
Our AI-simulated model portfolio for North Peak Capital Management, LLC tracks a Year-to-Date (YTD) return of +1.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jeremy Kahan manage North Peak Capital Management, LLC directly?
Yes, Jeremy Kahan serves as the key portfolio manager for North Peak Capital Management, LLC, overseeing the investment strategy and final capital allocation decisions.