Lansing Management LP
Lansing Management LP is a hedge fund headquartered in New York, NY, USA. Founded in 2016 by Sims Lansing, it operates as a concentrated, long-biased equity investment firm serving accredited investors and qualified purchasers through privately offered pooled investment vehicles, managed portfolios, and separately managed accounts. The firm utilizes deep fundamental analysis and bottom-up investing to generate attractive long-term returns while aiming to minimize capital impairment. It is a small, boutique firm with approximately 2 employees.
Investment Strategy
Lansing Management employs a concentrated, long-biased equity strategy focusing primarily on long investments in both domestic and international developed market equities, with some limited shorting. Portfolios typically hold 10-20 positions, highly concentrated in durable 'franchise' companies characterized by strong competitive moats, high returns on equity, and well-aligned management through shareholder ownership. The research process involves deep fundamental analysis and proprietary modeling, seeking opportunities with a multi-year time horizon and aiming to minimize permanent capital impairment. Individual long positions can represent significant portfolio weights, and high levels of cash may be maintained when conviction is low. Risk is managed by intimate knowledge of investments rather than broad diversification.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RACE | FERRARI N V | 20.86% | $30.4M | 62,048 | $135.16 | $490.74 | +$3.9M |
A APG | API GROUP CORP | 15.84% | $23.1M | 452,899 | $32.76 | $34.03 | +$6.6M |
I IBKR | INTERACTIVE BROKERS GROUP IN | 15.18% | $22.1M | 399,736 | $70.44 | $55.41 | +$5.6M |
H HEI-A | HEICO CORP NEW | 14.64% | $21.4M | 82,555 | $200.91 | $258.75 | +$3.6M |
T TRU | TRANSUNION | 12.03% | $17.6M | 199,569 | $69.12 | $88.00 | +$2.7M |