140 Summer Partners LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), 140 Summer Partners LP reported 15 stock positions worth $753.8 million. Its top holding was Aercap (AER) at 12.1% of the portfolio, followed by Progressive (PGR, 10.8%) and Western Alliance Bancorp (WAL, 10.5%). Compared with Q2 2024, it opened 4 new positions, sold out of 2, added to 2 and reduced 9. The biggest buy was a new position in Viking (VIK) and the biggest sale an exit from Visa Class A (V).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001820788
- Portfolio Value
- $753.8M (Q3 2024)
- SEC Filing
- 0000919574-24-006425 ↗ filed Nov 13, 2024
Holdings Value
Holdings 15 stocks · $753.8M
| AER Aercap Holdings NV | 12.13% | 965,340 | $91.4M | Add +7.5% |
| PGR Progressive Corp. | 10.84% | 321,866 | $81.7M | Reduce -23.1% |
| WAL Western Alliance Bancorp | 10.54% | 918,556 | $79.4M | Reduce -20.1% |
| TMUS T-Mobile US Inc. | 9.95% | 363,420 | $75.0M | Reduce -2.6% |
| CZR Caesars Entertainment Inc. | 9.60% | 1,733,900 | $72.4M | Reduce -5.9% |
| ELV Elevance Health Inc. | 9.18% | 133,059 | $69.2M | Add +54.3% |
| CRH CRH PLC | 7.21% | 585,672 | $54.3M | Reduce -3.2% |
| VIK Viking Holdings Ltd. | 6.41% | 1,385,335 | $48.3M | New |
| TOL Toll Brothers Inc. | 6.03% | 294,444 | $45.5M | Reduce -5.7% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 5.85% | 806,964 | $44.1M | Reduce -9.7% |
| BECN Beacon Roofing Supply Inc. | 3.89% | 339,500 | $29.3M | New |
| ALLY Ally Financial Inc. | 2.54% | 537,800 | $19.1M | New |
| GM General Motors Co. | 2.37% | 398,800 | $17.9M | Reduce -51.1% |
| ECHO Echostar Corp. Class A | 2.27% | 688,883 | $17.1M | Reduce -71.4% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 1.19% | 3,660,200 | $9.0M | New |
Options reported separately and not counted above: ECHO calls ($45.4M), HE puts ($5.8M), AZUL S A calls ($808K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $122.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 70,710,000 | $57.4M | Add +40.5% |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 58,656,000 | $44.4M | Add +682.1% |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 24,047,000 | $20.9M | Add +59.8% |
Total filed on the 13F, all lines: $876.4M.
Portfolio Sells Q2 2024 → Q3 2024
| V Visa Inc. Class A | Sold out | 0.00% | −6.62 |
| HUM Humana Inc. | Sold out | 0.00% | −6.20 |
| ECHO Echostar Corp. Class A | Reduce -71.4% | 2.27% | −3.63 |
| GM General Motors Co. | Reduce -51.1% | 2.37% | −2.85 |
| PGR Progressive Corp. | Reduce -23.1% | 10.84% | −1.14 |
| CZR Caesars Entertainment Inc. | Reduce -5.9% | 9.60% | −0.49 |
| SGI Somnigroup International Inc. | Reduce -9.7% | 5.85% | +0.02 |
| WAL Western Alliance Bancorp | Reduce -20.1% | 10.54% | +0.60 |
| TMUS T-Mobile US Inc. | Reduce -2.6% | 9.95% | +0.89 |
| CRH CRH PLC | Reduce -3.2% | 7.21% | +0.96 |
| TOL Toll Brothers Inc. | Reduce -5.7% | 6.03% | +1.08 |
Portfolio Buys Q2 2024 → Q3 2024
Options Activity Q2 2024 → Q3 2024
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Add +40.5% | 70,710,000 | $57.4M |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 68,931,000 | $53.7Mbefore exit |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | Add +682.1% | 58,656,000 | $44.4M |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Add +59.8% | 24,047,000 | $20.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $1.2B | VSAT, MTZ, KGS, GLPI, SGI |
| Q1 2026 | 20 | $1.1B | MTZ, PCG, VIK, GLPI, TMUS |
| Q4 2025 | 19 | $1.3B | COF, ECHO, PFSI, WBS, AER |
| Q3 2025 | 19 | $1.1B | COF, MTZ, CRH, AER, WBS |
| Q2 2025 | 13 | $772.8M | COF, AER, COOP, PGR, VST |
| Q1 2025 | 14 | $740.5M | PGR, AER, UNH, TMUS, VST |
| Q4 2024 | 15 | $765.8M | PGR, AER, TMUS, COF, COOP |
| Q3 2024 | 15 | $753.8M | AER, PGR, WAL, TMUS, CZR |
| Q2 2024 | 13 | $726.0M | PGR, AER, CZR, WAL, TMUS |
| Q1 2024 | 13 | $711.8M | AER, PGR, WAL, CZR, TMUS |