In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), 11 Capital Partners LP reported 20 stock positions worth $336.2 million . Its top holding was Amazon.com (AMZN) at 7.9% of the portfolio, followed by Amphenol Class A (APH, 7.8% ) and Danaher (DHR, 7.7% ). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 11 and reduced 8. The biggest buy was Amphenol Class A (APH, shares +59% ) and the biggest sale Canadian Pacific Kansas City (CP, shares −91% ).
Location DARIEN, CT
CIK 0001801172
Portfolio Value $336.2M (Q4 2025) Holdings 20 stocks · $336.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 AMZN Amazon.com Inc. 115,450 $26.6M Add +23.4% APH Amphenol Corp. Class A 193,882 $26.2M Add +59.1% DHR Danaher Corp. 113,000 $25.9M Add +7.3% GE General Electric filed as GE AEROSPACE 79,579 $24.5M Add +3.2% MCO Moody's Corp. 43,906 $22.4M Add +6.6% PWR Quanta Services Inc. 52,553 $22.2M Reduce -1.8% MSFT Microsoft Corp. 45,298 $21.9M Add +8.5% TT Trane Technologies PLC 55,308 $21.5M Add +6.6% ASML ASML Holding NV-NY Reg SHS 18,476 $19.8M Add +11.3% FICO Fair Isaac Corp. 10,575 $17.9M Reduce -8.0% SHW The Sherwin-Williams Co. 50,553 $16.4M Add +93.1% AXON Axon Enterprise Inc. 27,826 $15.8M Add +38.5% BX Blackstone Inc. 95,626 $14.7M Add +23.2% GEV GE Vernova Inc. 22,326 $14.6M Reduce -14.2% AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 53,714 $13.9M Reduce -19.9% V Visa Inc. Class A 38,091 $13.4M Reduce -8.2% META Meta Platforms Inc. Class A 13,160 $8.7M Reduce -44.2% FER Ferrovial NV 62,014 $4.0M New AAON Aaon Inc. 50,262 $3.8M Reduce -61.7% CP Canadian Pacific Kansas City 27,553 $2.0M Reduce -91.0%
Options reported separately and not counted above: SPY puts ($27.3M).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ CP Canadian Pacific Kansas City Reduce -91.0% 0.60% −5.86 TYL Tyler Technologies Inc. Sold out 0.00% −4.16 AAON Aaon Inc. Reduce -61.7% 1.14% −2.34 META Meta Platforms Inc. Class A Reduce -44.2% 2.58% −2.32 AJG Arthur J Gallagher & Co. Reduce -19.9% 4.13% −1.75 GEV GE Vernova Inc. Reduce -14.2% 4.34% −0.19 V Visa Inc. Class A Reduce -8.2% 3.97% −0.04 PWR Quanta Services Inc. Reduce -1.8% 6.60% +0.32 FICO Fair Isaac Corp. Reduce -8.0% 5.32% +0.44
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ APH Amphenol Corp. Class A Add +59.1% 7.79% +3.52 SHW The Sherwin-Williams Co. Add +93.1% 4.87% +2.30 AMZN Amazon.com Inc. Add +23.4% 7.93% +2.11 DHR Danaher Corp. Add +7.3% 7.69% +1.78 ASML ASML Holding NV-NY Reg SHS Add +11.3% 5.88% +1.33 FER Ferrovial NV New 1.19% +1.19 MCO Moody's Corp. Add +6.6% 6.67% +1.11 GE General Electric Add +3.2% 7.29% +0.72 BX Blackstone Inc. Add +23.2% 4.38% +0.63 AXON Axon Enterprise Inc. Add +38.5% 4.70% +0.62 MSFT Microsoft Corp. Add +8.5% 6.52% +0.39 TT Trane Technologies PLC Add +6.6% 6.40% +0.20
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 40,000 $27.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 20 $341.5M LRCX, ASML, TSM, MCO, V Q1 2026 19 $308.8M MCO, DHR, TSM, AMZN, APH Q4 2025 20 $336.2M AMZN, APH, DHR, GE, MCO Q3 2025 20 $353.1M GE, CP, PWR, TT, MSFT Q2 2025 18 $318.1M AMZN, MSFT, CP, AJG, FICO Q1 2025 17 $301.4M AMZN, MSFT, GEV, CP, GE Q4 2024 16 $243.5M MSFT, AMZN, GE, CP, AJG Q3 2024 15 $239.9M AMZN, MSFT, GE, ASML, SHW Q2 2024 14 $242.9M MSFT, AMZN, GE, CSX, ASML Q1 2024 14 $228.5M GE, MSFT, AMZN, CSX, UNH