---
name: Copy Mantle Ridge
kind: hedgecopy-fund
cik: 0001695459
latest_13f_period: 2026-03-31
latest_13f_filed: 2026-05-15
author: HedgeCopy
---

# Copy Mantle Ridge (13F follow-the-filing)

Mantle Ridge files a 13F-HR with the SEC each quarter (CIK 0001695459). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +0.1% vs SPY +22.9% (alpha -22.9%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): -10.2% vs SPY +17.3%
- Follow-the-filing TTM: +39.3% vs SPY +16.2% (alpha +23.1%)
- Quarters of history: 16; average coverage 100%; flags: empty_13f

## Latest disclosed top holdings (2026-03-31)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | DLTR | DOLLAR TREE INC | 100.0% |

## About the fund

Mantle Ridge is an engaged, long-term owner-steward investment firm founded in 2016 by Paul Hilal. The firm works constructively with company boards and management teams to enhance long-term value, primarily through concentrated investments and bespoke, single-investment special purpose vehicles.

- Strategy: Activist and value investing
- Type: Activist, Value
- Founders: Paul Hilal
- Key people: Paul Hilal (Founder and CEO)
- Founded 2016 · HQ New York, US
- Reported AUM: $1.3bn (as of December 2024 / January 2025)
- Website: https://www.mantleridge.com/

### Approach
Mantle Ridge employs an engaged, long-term owner-steward approach, working closely with company boards and management teams to enhance value. The firm utilizes fundamental research and invests primarily through bespoke structures and single-investment, five-year special purpose vehicles rather than conventional commingled hedge funds. Its strategy is informed by experience in value investing, activist engagements, corporate governance, and business operations.

### History
Mantle Ridge was founded in 2016 by Paul Hilal, who previously served as a Senior Partner at Pershing Square Capital Management. The firm focuses on engaged, long-term stewardship and has successfully executed board and management restructurings at companies including CSX Corporation, Aramark, and Dollar Tree.

### Notable positions / campaigns
- CSX Corporation (2017): Board and executive leadership restructuring.
- Aramark (2019): Board and executive leadership restructuring.
- Dollar Tree, Inc. (2022): Board and executive leadership restructuring.
- Air Products and Chemicals, Inc. (2024-2025): Proxy solicitation for board representation.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001695459"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.