Repertoire Partners LP
Repertoire Partners LP is a hedge fund and SEC-registered investment manager founded by Deepak Sarpangal, specializing in businesses undergoing overlooked changes and transformative opportunities. Based in New York, NY, the firm manages a concentrated portfolio, deeply engaging with stakeholders and their investments. As of March 2024, they manage over $106 million in discretionary assets across four clients, with a reported 13F portfolio value exceeding $227 million. The investment team applies a disciplined, research-driven approach, focusing on underappreciated companies and complex situations in public markets. Employee count is not disclosed, but operations are consistent with a boutique, founder-led hedge fund.
Investment Strategy
Repertoire Partners LP specializes in identifying and investing in high-quality public companies experiencing overlooked but favorable transformational changes. Their approach features deep fundamental research, active engagement with stakeholders, and concentrated portfolios focusing on event-driven, compounders, and special situations. The strategy leverages significant underappreciation and seeks to create value through engaged ownership and active collaboration, often capitalizing on market inefficiencies and complex catalysts.
Top Holdings
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AMBC | AMBAC FINL GROUP INC | 3.59% | $5.1M | 721,188 | $13.46 | $7.10 | -$5.2M |
G GNW | GENWORTH FINL INC | 0.41% | $587.4K | 75,500 | $7.78 | $7.78 | +$587.4K |
S SNBR | SLEEP NUMBER CORP | 0.10% | $142.6K | 21,108 | $6.76 | $6.76 | +$142.6K |
P PRM | PERIMETER SOLUTIONS INC | 0.06% | $89.8K | 6,452 | $10.07 | $13.92 | -$428.8K |
H HL | HECLA MNG CO | 0.00% | $599 | 100 | $5.99 | $5.99 | +$599 |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | — | Put | $61.8M | 1,000 | $617.85 | $559.39 | 0 | +$5.8M |
A AMBC | AMBAC FINL GROUP INC | Sold | Call | $42.7M | 60,132 | $7.10 | $9.96 | -118 | -$10.0M |
I IWM | ISHARES TR | Bought | Put | $32.4M | 1,500 | $215.79 | $215.79 | +1,500 | +$32.4M |