Bryan Lawrence
Oakcliff Capital
Bryan Lawrence (Oakcliff Capital) discloses a $227M portfolio across 8 US-listed positions in the latest 13F filing (2026Q1, filed May 15, 2026). The largest holding is IBKR at 30.5% of the book. The biggest move of the quarter: added 73% to the GWRE share count (position now $22M). Latticework's clone backtest puts this 13F book at +2.6%/yr vs SPY over 9.0 years.
About Bryan Lawrence
Bryan Lawrence runs Oakcliff Capital, a small, intensely concentrated long-only equity fund that as of 2026 Q1 held just eight disclosed positions with 84% of the book in the top five. The portfolio reads like a high-conviction owner-operator checklist — Interactive Brokers, Gildan Activewear, Alphabet, TransDigm, and Guidewire — businesses that share durable competitive positions, strong free-cash-flow conversion, and management with meaningful skin in the game. Lawrence's background is in private equity rather than public markets, and that DNA shows: the fund trades infrequently, holds for years, and tolerates volatility in exchange for compounding. Because Oakcliff runs a straightforward long book with no known systematic options overlay or short book, the 13F is a reasonably complete picture of the strategy — the primary disclosure gap is the standard 45-day lag, meaningful only if the fund is actively turning over positions, which historically it has not been.
2026Q1 brief
Bryan Lawrence's Oakcliff Capital runs a tight $230M, 8-position book and made just one move this quarter: a 73% add to GWRE (Guidewire Software), lifting it to 9.5% of the portfolio. The move is consistent with Lawrence's patient, high-conviction approach — GWRE is a cloud-based insurance platform with strong recurring revenue and significant switching costs, qualities that fit his quality-compounder framework. The rest of the portfolio held completely steady, with IBKR anchoring at 30.5%, GIL at 16.7%, GOOG at 15.0%, and TDG at 12.4% — four very different businesses united by durable competitive advantages and management quality. The presence of both GOOG and IBKR as top holdings, alongside niche names like SGU and NRP, reflects Lawrence's willingness to hold across market caps and industries when the qualitative thesis is strong. No exits and no new positions reinforce the low-turnover discipline. Watch next quarter whether GWRE continues to build toward a top-three position, and whether any of the smaller stakes — SGU (5.9%) or LEN (4.5%) — see adjustments as their underlying business cycles evolve.
AI-generated. Not investment advice.
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Holdings (8) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | IBKR | 30.5% | $69M | |||
| 2 | GIL | 16.7% | $38M | |||
| 3 | GOOG | 15.0% | $34M | |||
| 4 | TDG | 12.4% | $28M | |||
| 5 | GWRE | 9.5% | $22M | |||
| 6 | SGU | 6.0% | $13M | |||
| 7 | NRP | 5.4% | $12M | |||
| 8 | LEN | 4.5% | $10M |
- 1IBKRport30.5%val$69MInteractive Brokers Gro-cl Athis Q hold·37q
- 2GILport16.7%val$38MGildan Activewear Incthis Q hold·14q
- 3GOOGport15.0%val$34MAlphabet Inc-cl Cthis Q hold·36q
- 4TDGport12.4%val$28MTransdigm Group Incthis Q hold·37q
- 5GWREport9.5%val$22MGuidewire Software Incthis Q +73%·22q
- 6SGUport6.0%val$13MStar Group LPthis Q hold·37q
- 7NRPport5.4%val$12MNatural Resource Partners LPthis Q hold·8q
- 8LENport4.5%val$10MLennar Corp-athis Q hold·5q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| GWRE | Guidewire Software Inc | ADD | 9.5% | +73% | $22M |
- ADDGWRE9.5%Guidewire Software IncΔ +73%·$22M
Frequently asked questions
- What stocks does Bryan Lawrence own?
- As of 2026Q1, Bryan Lawrence's 13F discloses 8 positions worth $227M. The top five holdings: IBKR (30.5%), GIL (16.7%), GOOG (15.0%), TDG (12.4%), GWRE (9.5%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Bryan Lawrence buy this quarter?
- In 2026Q1, the filing shows 0 new positions and 1 addition to existing holdings. The largest positions touched by buying: GWRE.
- How big is Bryan Lawrence's portfolio?
- $227M across 8 positions per the latest 13F (filed May 15, 2026). The top five holdings account for 84% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001657335). Not investment advice.