Garda Capital Partners LP
Garda Capital Partners LP is an alternative asset management firm headquartered in Wayzata, Minnesota, specializing in global fixed income relative value investment strategies. Founded over 21 years ago, Garda primarily serves institutional investors—including pension funds, endowments, and foundations—through offices in the United States, Europe, and Asia. The firm emphasizes transparency, rigorous risk management, and long-term relationships, employing approximately 202 professionals as of 2025.
Investment Strategy
Garda Capital Partners implements a fixed income relative value strategy, focused on exploiting global interest rate disparities and sovereign debt mispricings in developed markets. The firm uses long/short relative value approaches, employing proprietary analysis to identify opportunities arising from supply-demand imbalances, interest rate policy differences, and segmentation among cash bonds, interest rate futures, and swaps. Portfolio construction emphasizes uncorrelated, consistent returns across market cycles, with a disciplined risk management framework and a bias towards delivering capital protection and steady growth for institutional clients.
Top Holdings
Equity Positions (56)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 5.93% | $249.4M | 403,701 | $617.85 | $617.85 | +$249.4M |
G GDX | VANECK ETF TRUST | 0.60% | $25.3M | 485,325 | $52.06 | $52.06 | +$25.3M |
Q QQQ | INVESCO QQQ TR | 0.28% | $11.8M | 21,438 | $551.64 | $551.64 | +$11.8M |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 0.22% | $9.2M | 18,967 | $485.77 | $485.77 | +$9.2M |
K KRE | SPDR SERIES TRUST | 0.19% | $8.2M | 137,493 | $59.39 | $59.39 | +$8.2M |