Aperture Investors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Aperture Investors, LLC reported 78 stock positions worth $744.1 million. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 4.4% of the portfolio, followed by Cava (CAVA, 3.6%) and Sharkninja (SN, 3.4%). Compared with Q1 2025, it opened 17 new positions, sold out of 14, added to 21 and reduced 24. The biggest buy was a new position in Sterling Infrastructure (STRL) and the biggest sale an exit from MKS (MKSI).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001787596
- Portfolio Value
- $744.1M (Q2 2025)
- SEC Filing
- 0001172661-25-003346 ↗ filed Aug 14, 2025
Holdings Value
Holdings 78 stocks · $744.1M
| CYBR Cyberark Software Ltd./Israel | 4.37% | 79,970 | $32.5M | Reduce -1.6% |
| CAVA Cava Group Inc. | 3.64% | 321,745 | $27.1M | Add +18.5% |
| SN Sharkninja Inc. | 3.44% | 258,229 | $25.6M | Add +34.3% |
| VERX Vertex Inc. Class A | 3.42% | 720,438 | $25.5M | Add +11.8% |
| CLH Clean Harbors Inc. | 3.39% | 109,259 | $25.3M | Reduce -23.1% |
| SAIL Sailpoint Inc. | 3.39% | 1,102,358 | $25.2M | Add +140.9% |
| AAON Aaon Inc. | 3.31% | 334,144 | $24.6M | Add +3.5% |
| STRL Sterling Infrastructure Inc. | 3.22% | 103,780 | $23.9M | New |
| HAYW Hayward Holdings Inc. | 3.16% | 1,704,916 | $23.5M | Add +18.1% |
| VXUS Vanguard Total Intl Stock | 3.15% | 339,093 | $23.4M | Reduce -8.6% |
| MTN Vail Resorts Inc. | 3.08% | 145,651 | $22.9M | New |
| FSS Federal Signal Corp. | 3.01% | 210,340 | $22.4M | Add +73.0% |
| SHAK Shake Shack Inc. Class A | 2.85% | 151,067 | $21.2M | Reduce -39.9% |
| ACVA Acv Auctions Inc. Class A | 2.67% | 1,226,640 | $19.9M | Reduce -22.4% |
| RRX Regal Rexnord Corp. | 2.67% | 136,977 | $19.9M | Reduce -26.6% |
| WAY Waystar Holding Corp. | 2.66% | 485,190 | $19.8M | Add +28.4% |
| SPOT Spotify Technology SA | 2.66% | 25,827 | $19.8M | Add +0.7% |
| BROS Dutch Bros Inc. Class A | 2.45% | 267,156 | $18.3M | Reduce -8.5% |
| PTON Peloton Interactive Inc. Class A | 2.22% | 2,376,169 | $16.5M | Add +184.7% |
| BC Brunswick Corp. | 2.21% | 297,532 | $16.4M | Reduce -12.6% |
| RBRK Rubrik Inc. Class A | 1.82% | 150,837 | $13.5M | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 1.75% | 263,332 | $13.0M | No change |
| TREX Trex Company Inc. | 1.74% | 237,993 | $12.9M | Reduce -45.9% |
| APG Api Group Corp. | 1.71% | 248,875 | $12.7M | Add +36.8% |
| PCOR Procore Technologies Inc. | 1.68% | 182,551 | $12.5M | Reduce -16.1% |
| NDAQ Nasdaq Inc. | 1.65% | 136,978 | $12.2M | Add +15.7% |
| COIN Coinbase Global Inc. Class A | 1.52% | 32,270 | $11.3M | New |
| CRH CRH PLC | 1.44% | 116,495 | $10.7M | Reduce -6.7% |
| MSFT Microsoft Corp. | 1.20% | 18,022 | $9.0M | Add +30.4% |
| NVDA Nvidia Corp. | 1.11% | 52,263 | $8.3M | Add +15.0% |
| MIR Mirion Technologies Inc. | 1.00% | 345,000 | $7.4M | Reduce -3.5% |
| HDB HDFC Bank Ltd.-ADR | 0.97% | 94,380 | $7.2M | Reduce -4.8% |
| VST Vistra Corp. | 0.96% | 36,931 | $7.2M | Reduce -23.9% |
| PRMB Primo Brands Corp. | 0.89% | 224,058 | $6.6M | Reduce -50.5% |
| WMB Williams Cos Inc. | 0.87% | 103,134 | $6.5M | Add +49.1% |
| SONY Sony Group Corp. - SP ADR | 0.86% | 244,693 | $6.4M | Reduce -25.6% |
| EXE Expand Energy Corp. | 0.83% | 52,894 | $6.2M | Add +205.6% |
| QXO Qxo Inc. | 0.78% | 269,662 | $5.8M | New |
| CCI Crown Castle Inc. | 0.75% | 54,598 | $5.6M | Add +46.3% |
| MDT Medtronic PLC | 0.75% | 63,686 | $5.6M | No change |
| TW Tradeweb Markets Inc. Class A | 0.74% | 37,742 | $5.5M | Add +70.4% |
| SAP Sap SE-Sponsored ADR | 0.73% | 17,903 | $5.4M | No change |
| YUMC Yum China Holdings Inc. | 0.70% | 116,347 | $5.2M | No change |
| IP International Paper Co. | 0.67% | 106,463 | $5.0M | Add +191.4% |
| AMZN Amazon.com Inc. | 0.67% | 22,692 | $5.0M | Reduce -31.3% |
| LOAR Loar Holdings Inc. | 0.66% | 56,671 | $4.9M | New |
| MMM 3M Co. | 0.64% | 31,286 | $4.8M | Add +17.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.60% | 133,325 | $4.5M | Reduce -7.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.59% | 63,804 | $4.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.58% | 19,047 | $4.3M | Reduce -76.6% |
| LIND Lindblad Expeditions Holding | 0.57% | 361,962 | $4.2M | Reduce -31.3% |
| BABA Alibaba Group Holding-SP ADR | 0.52% | 33,864 | $3.8M | No change |
| ECG Everus Construction Group | 0.46% | 53,531 | $3.4M | Add +47.5% |
| LIN Linde PLC | 0.46% | 7,230 | $3.4M | No change |
| KR Kroger Co. | 0.45% | 46,723 | $3.4M | No change |
| ALC Alcon Inc. filed as ALCON AG | 0.42% | 35,820 | $3.2M | No change |
| NFLX Netflix Inc. | 0.38% | 2,118 | $2.8M | No change |
| RNW Renew Energy Global PLC-A | 0.38% | 408,003 | $2.8M | Reduce -32.5% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.37% | 28,789 | $2.8M | New |
| CRM Salesforce Inc. | 0.34% | 9,338 | $2.5M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.32% | 33,732 | $2.4M | No change |
| CDE Coeur Mining Inc. | 0.31% | 261,069 | $2.3M | New |
| DLTR Dollar Tree Inc. | 0.31% | 23,048 | $2.3M | New |
| CEG Constellation Energy | 0.30% | 6,958 | $2.2M | New |
| SEI Solaris Energy Infrastructur | 0.30% | 79,243 | $2.2M | New |
| JHX James Hardie Ord | 0.29% | 80,890 | $2.2M | New |
| FCX Freeport-McMoran Inc. | 0.28% | 48,260 | $2.1M | No change |
| BUR Burford Capital Ltd. | 0.27% | 142,893 | $2.0M | Reduce -71.1% |
| CRDO Credo Technology Group Holdi | 0.20% | 16,430 | $1.5M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.19% | 1,810 | $1.5M | New |
| MEOH Methanex Corp. | 0.18% | 40,124 | $1.3M | No change |
| VNET Vnet Group Inc.-ADR | 0.17% | 182,485 | $1.3M | New |
| PCT Purecycle Technologies Inc. | 0.14% | 74,619 | $1.0M | New |
| MMYT Makemytrip Ltd. | 0.13% | 10,000 | $980K | New |
| IHG Intercontinental Hotels-ADR | 0.13% | 8,204 | $946K | No change |
| PAL Proficient Auto Logistics Inc. | 0.11% | 111,573 | $810K | No change |
| RXO Rxo Inc. | 0.11% | 50,606 | $796K | Reduce -49.2% |
| TTAN Servicetitan Inc. Class A | 0.07% | 5,000 | $528K | New |
Options reported separately and not counted above: VST calls ($12.6M), NVDA calls ($9.6M).
Portfolio Sells Q1 2025 → Q2 2025
| MKSI MKS Inc. | Sold out | 0.00% | −2.50 |
| DUOL Duolingo | Sold out | 0.00% | −2.29 |
| TREX Trex Company Inc. | Reduce -45.9% | 1.74% | −2.15 |
| RH RH | Sold out | 0.00% | −1.61 |
| PRMB Primo Brands Corp. | Reduce -50.5% | 0.89% | −1.55 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -76.6% | 0.58% | −1.48 |
| CLH Clean Harbors Inc. | Reduce -23.1% | 3.39% | −0.86 |
| OS Onestream Inc. | Sold out | 0.00% | −0.77 |
| BUR Burford Capital Ltd. | Reduce -71.1% | 0.27% | −0.72 |
| ACVA Acv Auctions Inc. Class A | Reduce -22.4% | 2.67% | −0.71 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.71 |
| BC Brunswick Corp. | Reduce -12.6% | 2.21% | −0.58 |
| RRX Regal Rexnord Corp. | Reduce -26.6% | 2.67% | −0.56 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.54 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.53 |
| SHAK Shake Shack Inc. Class A | Reduce -39.9% | 2.85% | −0.52 |
| PCOR Procore Technologies Inc. | Reduce -16.1% | 1.68% | −0.51 |
| SONY Sony Group Corp. - SP ADR | Reduce -25.6% | 0.86% | −0.41 |
| XPO Xpo Inc. | Sold out | 0.00% | −0.39 |
| VXUS Vanguard Total Intl Stock | Reduce -8.6% | 3.15% | −0.36 |
| AMZN Amazon.com Inc. | Reduce -31.3% | 0.67% | −0.29 |
| BROS Dutch Bros Inc. Class A | Reduce -8.5% | 2.45% | −0.29 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.27 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.26 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.24 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.24 |
| CRH CRH PLC | Reduce -6.7% | 1.44% | −0.23 |
| RXO Rxo Inc. | Reduce -49.2% | 0.11% | −0.18 |
| LIND Lindblad Expeditions Holding | Reduce -31.3% | 0.57% | −0.18 |
| RNW Renew Energy Global PLC-A | Reduce -32.5% | 0.38% | −0.16 |
| TTAM Titan America SA | Sold out | 0.00% | −0.16 |
| PHIN Phinia Inc. | Sold out | 0.00% | −0.13 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -7.1% | 0.60% | −0.09 |
| HDB HDFC Bank Ltd.-ADR | Reduce -4.8% | 0.97% | −0.03 |
| VST Vistra Corp. | Reduce -23.9% | 0.96% | +0.10 |
| CYBR Cyberark Software Ltd./Israel | Reduce -1.6% | 4.37% | +0.20 |
| MIR Mirion Technologies Inc. | Reduce -3.5% | 1.00% | +0.21 |
| RBRK Rubrik Inc. Class A | Reduce -2.1% | 1.82% | +0.39 |
Portfolio Buys Q1 2025 → Q2 2025
| STRL Sterling Infrastructure Inc. | New | 3.22% | +3.22 |
| MTN Vail Resorts Inc. | New | 3.08% | +3.08 |
| SAIL Sailpoint Inc. | Add +140.9% | 3.39% | +2.08 |
| FSS Federal Signal Corp. | Add +73.0% | 3.01% | +1.65 |
| COIN Coinbase Global Inc. Class A | New | 1.52% | +1.52 |
| PTON Peloton Interactive Inc. Class A | Add +184.7% | 2.22% | +1.41 |
| SN Sharkninja Inc. | Add +34.3% | 3.44% | +1.00 |
| QXO Qxo Inc. | New | 0.78% | +0.78 |
| APG Api Group Corp. | Add +36.8% | 1.71% | +0.72 |
| LOAR Loar Holdings Inc. | New | 0.66% | +0.66 |
| EXE Expand Energy Corp. | Add +205.6% | 0.83% | +0.54 |
| WAY Waystar Holding Corp. | Add +28.4% | 2.66% | +0.52 |
| SPOT Spotify Technology SA | Add +0.7% | 2.66% | +0.52 |
| MSFT Microsoft Corp. | Add +30.4% | 1.20% | +0.42 |
| KOF Coca-Cola Femsa Sab-SP ADR | New | 0.37% | +0.37 |
| IP International Paper Co. | Add +191.4% | 0.67% | +0.37 |
| NVDA Nvidia Corp. | Add +15.0% | 1.11% | +0.36 |
| CDE Coeur Mining Inc. | New | 0.31% | +0.31 |
| DLTR Dollar Tree Inc. | New | 0.31% | +0.31 |
| CEG Constellation Energy | New | 0.30% | +0.30 |
| SEI Solaris Energy Infrastructur | New | 0.30% | +0.30 |
| JHX James Hardie Ord | New | 0.29% | +0.29 |
| NDAQ Nasdaq Inc. | Add +15.7% | 1.65% | +0.28 |
| ECG Everus Construction Group | Add +47.5% | 0.46% | +0.25 |
| TW Tradeweb Markets Inc. Class A | Add +70.4% | 0.74% | +0.24 |
| WMB Williams Cos Inc. | Add +49.1% | 0.87% | +0.24 |
| CRDO Credo Technology Group Holdi | New | 0.20% | +0.20 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.19% | +0.19 |
| VNET Vnet Group Inc.-ADR | New | 0.17% | +0.17 |
| CCI Crown Castle Inc. | Add +46.3% | 0.75% | +0.16 |
| PCT Purecycle Technologies Inc. | New | 0.14% | +0.14 |
| MMYT Makemytrip Ltd. | New | 0.13% | +0.13 |
| HAYW Hayward Holdings Inc. | Add +18.1% | 3.16% | +0.11 |
| CAVA Cava Group Inc. | Add +18.5% | 3.64% | +0.07 |
| TTAN Servicetitan Inc. Class A | New | 0.07% | +0.07 |
| MMM 3M Co. | Add +17.4% | 0.64% | +0.04 |
| VERX Vertex Inc. Class A | Add +11.8% | 3.42% | −0.01 |
| AAON Aaon Inc. | Add +3.5% | 3.31% | −0.52 |
Options Activity Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Sold out | 920,000 | $72.6Mbefore exit |
| EWZ iShares MSCI Brazil ETF | call | Sold out | 1,000,000 | $25.9Mbefore exit |
| RDDT Reddit Inc. Class A | call | Sold out | 205,000 | $21.5Mbefore exit |
| VST Vistra Corp. | call | New | 65,000 | $12.6M |
| NVDA Nvidia Corp. | call | New | 61,000 | $9.6M |
| ET Energy Transfer LP | call | Sold out | 268,300 | $5.0Mbefore exit |
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 | 82 | $941.6M | SN, STRL, IDCC, SPXC, LIN |
| Q1 2026 | 87 | $791.3M | CAVA, LIN, ORA, IDCC, SITM |
| Q4 2025 | 80 | $716.3M | CAVA, BROS, ORA, VXUS, POWL |
| Q3 2025 | 79 | $719.9M | AAON, IDCC, STRL, AGX, MTN |
| Q2 2025 | 78 | $744.1M | CYBR, CAVA, SN, VERX, CLH |
| Q1 2025 | 75 | $657.8M | CLH, CYBR, TREX, AAON, CAVA |
| Q4 2024 | 71 | $773.9M | VERX, CYBR, CAVA, ACVA, RDDT |
| Q3 2024 | 74 | $787.4M | VERX, ACVA, TREX, CAVA, MKSI |
| Q2 2024 | 78 | $682.8M | CYBR, VERX, MKSI, TREX, CLH |
| Q1 2024 | 77 | $781.3M | LIN, CLH, CYBR, TREX, VERX |