In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), 140 Summer Partners LP reported 15 stock positions worth $765.8 million . Its top holding was Progressive (PGR) at 12.7% of the portfolio, followed by Aercap (AER, 10.8% ) and T-Mobile US (TMUS, 9.6% ). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 2 and reduced 7. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale Western Alliance Bancorp (WAL, shares −87% ).
Location New York, NY
CIK 0001820788
Portfolio Value $765.8M (Q4 2024) Holdings 15 stocks · $765.8M 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 2024 PGR Progressive Corp. 405,746 $97.2M Add +26.1% AER Aercap Holdings NV 861,574 $82.5M Reduce -10.8% TMUS T-Mobile US Inc. 333,220 $73.6M Reduce -8.3% COF Capital One Financial Corp. 399,016 $71.2M New COOP Mr Cooper Group Inc. 728,668 $70.0M New DAL Delta Air Lines Inc. 1,101,268 $66.6M New CRH CRH PLC 585,672 $54.2M No change TOL Toll Brothers Inc. 368,449 $46.4M Add +25.1% SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 806,964 $45.7M No change CZR Caesars Entertainment Inc. 1,342,131 $44.9M Reduce -22.6% VIK Viking Holdings Ltd. 903,091 $39.8M Reduce -34.8% ELV Elevance Health Inc. 90,400 $33.3M Reduce -32.1% NBIS Nebius Group NV 815,079 $22.6M New WAL Western Alliance Bancorp 119,845 $10.0M Reduce -87.0% OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 3,271,900 $7.9M Reduce -10.6%
Options reported separately and not counted above: HE puts ($5.8M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $64.6M (not counted above) Total filed on the 13F, all lines: $830.4M.
Portfolio Sells Q3 2024 → Q4 2024 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 2024 % Of Portfolio Change To Portfolio ▲ WAL Western Alliance Bancorp Reduce -87.0% 1.31% −9.23 ELV Elevance Health Inc. Reduce -32.1% 4.35% −4.82 BECN Beacon Roofing Supply Inc. Sold out 0.00% −3.89 CZR Caesars Entertainment Inc. Reduce -22.6% 5.86% −3.74 ALLY Ally Financial Inc. Sold out 0.00% −2.54 GM General Motors Co. Sold out 0.00% −2.37 ECHO Echostar Corp. Class A Sold out 0.00% −2.27 AER Aercap Holdings NV Reduce -10.8% 10.77% −1.36 VIK Viking Holdings Ltd. Reduce -34.8% 5.20% −1.22 TMUS T-Mobile US Inc. Reduce -8.3% 9.60% −0.34 OPTU Optimum Communications Inc. Class A Reduce -10.6% 1.03% −0.16
Portfolio Buys Q3 2024 → Q4 2024 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 2024 % Of Portfolio Change To Portfolio ▼ COF Capital One Financial Corp. New 9.29% +9.29 COOP Mr Cooper Group Inc. New 9.14% +9.14 DAL Delta Air Lines Inc. New 8.70% +8.70 NBIS Nebius Group NV New 2.95% +2.95 PGR Progressive Corp. Add +26.1% 12.70% +1.86 TOL Toll Brothers Inc. Add +25.1% 6.06% +0.03
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ ECHO Echostar Corp. Class A call Sold out 1,827,400 $45.4Mbefore exit AZUL S A call Sold out 235,000 $808Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024 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