Latest P2 Capital Partners, LLC Stock Portfolio

P2 Capital Partners, LLC Performance:

2025 Q4: -0.13%YTD: -14.39%2024: -5.46%

Performance for 2025 Q4 is -0.13%, and YTD is -14.39%, and 2024 is -5.46%.

About P2 Capital Partners, LLC and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, P2 Capital Partners, LLC reported an equity portfolio of $390.4 Millions as of 31 Dec, 2025.

The top stock holdings of P2 Capital Partners, LLC are CBZ, JBT, BLKB. The fund has invested 22.9% of it's portfolio in CBIZ INC and 17.4% of portfolio in JBT MAREL CORPORATION.

The fund managers got completely rid off ACADIA HEALTHCARE COMPANY IN (ACHC) and INTEGRAL AD SCIENCE HLDNG CO (IAS) stocks. The fund showed a lot of confidence in some stocks as they added substantially to MSA SAFETY INC (MSA) and CBIZ INC (CBZ).

P2 Capital Partners, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that P2 Capital Partners, LLC made a return of -0.13% in the last quarter. In trailing 12 months, it's portfolio return was -14.39%.

Performance
S&P 500

New Buys

No new stocks were added by P2 Capital Partners, LLC

Additions

Ticker	% Inc.
msa safety inc	36.18
cbiz inc	3.32

Additions to existing portfolio by P2 Capital Partners, LLC

Reductions

None of the existing positions were reduced by P2 Capital Partners, LLC

Sold off

Ticker	$ Sold
integral ad science hldng co	-49,129,300
acadia healthcare company in	-57,868,800

P2 Capital Partners, LLC got rid off the above stocks

Sector Distribution

P2 Capital Partners, LLC has about 61.1% of it's holdings in Industrials sector.

Sector	%
Industrials	61.1
Technology	19.1
Healthcare	14.8
Basic Materials	5

Market Cap. Distribution

P2 Capital Partners, LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	63.9
SMALL-CAP	36.1

Stocks belong to which Index?

About 88.3% of the stocks held by P2 Capital Partners, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	81.3
Others	11.7
S&P 500	7

Top 5 Winners (%)		%
LIVN	livanova plc	17.5 %
HSIC	henry schein inc	13.9 %
JBT	jbt marel corporation	7.3 %
ZETA	zeta global holdings corp	2.4 %

Top 5 Winners ($)		$
JBT	jbt marel corporation	4.6 M
LIVN	livanova plc	4.5 M
HSIC	henry schein inc	3.3 M
ZETA	zeta global holdings corp	0.8 M

Top 5 Losers (%)		%
ENOV	enovis corporation	-12.2 %
TNC	tennant co	-9.1 %
MSA	msa safety inc	-6.1 %
AVNT	avient corporation	-5.2 %
CBZ	cbiz inc	-4.7 %

Top 5 Losers ($)		$
CBZ	cbiz inc	-4.4 M
TNC	tennant co	-3.6 M
ENOV	enovis corporation	-2.2 M
MSA	msa safety inc	-1.9 M
AVNT	avient corporation	-1.1 M

P2 Capital Partners, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of P2 Capital Partners, LLC

P2 Capital Partners, LLC has 10 stocks in it's portfolio. CBZ proved to be the most loss making stock for the portfolio. JBT was the most profitable stock for P2 Capital Partners, LLC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACHC	acadia healthcare company in	0.00	0.00	0.00	sold off	-100

AVNT	avient corporation	5.00	624,934	19,522,900	unchanged	0.00

BLKB	blackbaud inc	10.22	630,303	39,910,800	unchanged	0.00

CBZ	cbiz inc	22.92	1,773,390	89,467,600	added	3.32

ENOV	enovis corporation	4.06	595,000	15,850,800	unchanged	0.00

HSIC	henry schein inc	7.00	361,786	27,343,800	unchanged	0.00

IAS	integral ad science hldng co	0.00	0.00	0.00	sold off	-100

JBT	jbt marel corporation	17.37	449,952	67,794,300	unchanged	0.00

LIVN	livanova plc	7.78	493,902	30,389,800	unchanged	0.00

MSA	msa safety inc	7.62	185,675	29,734,000	added	36.18

TNC	tennant co	9.16	484,950	35,740,800	unchanged	0.00

ZETA	zeta global holdings corp	8.86	1,700,000	34,595,000	unchanged	0.00