Norwood Investment Partners, LP

Hedge Fund • Long/Short

Norwood Investment Partners, LP is a Long/Short Hedge Fund based in Mill Valley, CA led by Charles Hamilton Hoeveler, reporting $164.1M in AUM as of Q3 2025 with 36% Technology concentration, 85% concentrated in top 10 holdings, and 16% allocation to APG.

Managing PartnerCharles Hamilton Hoeveler

Portfolio Value: $116.3M
Positions: 15
Top Holding: APG at 16.45%
Last Reported: Q3 2025

Address157 Throckmorton Avenue, Suite B, Mill Valley, CA, 94941, United States

Top Holdings

Largest long holdings in Norwood Investment Partners, LP's portfolio (84.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 APi Group APG	Engineering & Construction Industrials	$19.1M	16.45%	—	0.13% 556.4K shares	Q4 2021 Held for 3y 11m
2 Clearwater Analytics CWAN	Software - Application Technology	$15.4M	13.23%	+$2.7M Bought	0.29% 853.5K shares	Q2 2025 Held for 5 months
3 GFL Environmental Inc. GFL	Waste Management Industrials	$12.5M	10.79%	-$2.2M Sold	0.07% 264.8K shares	Q1 2025 Held for 8 months
4 Flywire Corporation FLYW	Information Technology Services Technology	$11.7M	10.02%	+$3.8M Bought	0.70% 860.5K shares	Q3 2024 Held for 1y 2m
5 Magnite MGNI	Advertising Agencies Communication Services	$9.4M	8.05%	-$697.0K Sold	0.30% 430.0K shares	Q2 2025 Held for 5 months
6 KSPI Kaspi.kz KSPI	Unknown Unknown	$8.6M	7.38%	+$816.8K Bought	— 105.1K shares	Q2 2025 Held for 5 months
7 Thryv Holdings, Inc. THRY	Internet Content & Information Communication Services	$7.1M	6.15%	+$204.9K Bought	1.35% 592.5K shares	Q2 2025 Held for 5 months
8 Euronet Worldwide EEFT	Software - Infrastructure Technology	$6.0M	5.17%	+$746.4K Bought	0.17% 68.5K shares	Q4 2023 Held for 1y 11m
9 PAR Technology PAR	Software - Application Technology	$4.3M	3.68%	+$593.7K Bought	0.27% 108.0K shares	Q4 2021 Held for 3y 11m
10 Cellebrite DI Ltd. CLBT	Software - Infrastructure Technology	$4.3M	3.68%	+$4.3M New	0.09% 230.7K shares	Q3 2025 Held for 2 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Norwood Investment Partners, LP's latest filing

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Market Value

$116.3M

Prior: $133.5M

Q/Q Change

-12.9%

-$17.2M

Net Flows % of MV

-8.06%

Turnover Ratio

18.61%

New Purchases

2 stocks

$8.1M

Added To

6 stocks

+$8.9M

Sold Out Of

2 stocks

$12.1M

Reduced Holdings

6 stocks

-$14.2M

Increased Positions

Position	Shares Δ	Change
1 Cellebrite DI Ltd. CLBT	New	0 → 230.7K +$4.3M
2 Amrize Ltd AMRZ	New	0 → 78.2K +$3.8M
3 Flywire Corporation FLYW	+48.34%	580.1K → 860.5K +$3.8M
4 Clearwater Analytics CWAN	+21.57%	702.1K → 853.5K +$2.7M
5 PAR Technology PAR	+16.13%	93.0K → 108.0K +$593.7K

Decreased Positions

Position	Shares Δ	Change
1 Alight ALIT	Sold	1.3M → 0 −$7.5M
2 MeridianLink MLNK	Sold	281.0K → 0 −$4.6M
3 Driven Brands Holdings Inc. DRVN	-69.23%	778.0K → 239.4K −$8.7M
4 FirstService Corporation FSV	-30.74%	28.9K → 20.0K −$1.7M
5 GFL Environmental Inc. GFL	-15.09%	311.9K → 264.8K −$2.2M