P2 Capital Partners is a New York-based hedge fund manager specializing in a private equity-style approach to investing in small-cap public companies (P2-public/private). The firm strategically manages a concentrated portfolio typically comprising 12–15 significant ownership stakes in companies with market capitalizations ranging from $1 billion to $3 billion. P2 leverages its LBO capability to execute take-out transactions, using them as catalysts to unlock and realize portfolio value, with approximately 50% of exits achieved through sales to private equity firms or strategic acquirers.
P2 Capital Partners was founded in 2007 by Claus Jorgen Moller who brings extensive experience from his previous role as a managing partner at Blum Capital Partners. As the CEO, Owner, and Founder of P2 Capital Partners LLC, Claus Moller has shaped the firm's strategy and direction, leveraging his expertise in investment management and private equity.
P2 Capital Partners manages discretionary assets totaling $1,319,000,000 as per their Form ADV from March 2024, serving 4 clients. In their Q1 2024 13F filing, the firm reported managing $845,901,308 in 13F securities, with a top 10 holdings concentration of 84.13%. CBIZ Inc. represents P2 Capital Partners' largest holding, with 1,399,011 shares held.
| Fund Name: | P2 Capital Partners |
| Manager | Claus Moller |
| Portfolio Value | $875,765,096 |
| Change This QTR | +0.96% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | CBZ | 1,800,532 | $121,157,798 | +64% | 13.83% | ||
| 2. | BLKB | 1,320,251 | $111,798,855 | -1% | 12.76% | ||
| 3. | ACHC | 1,570,000 | $99,553,700 | +4% | 11.36% | ||
| 4. | IAS | 7,354,317 | $79,500,167 | +51% | 9.07% | ||
| 5. | JBT | 800,168 | $78,824,550 | +7% | 9% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2024-01-26 | ||||
| 2022-09-20 | ||||
| 2021-11-15 | ||||
| 2020-12-11 | ||||
| 2020-12-04 |
