Aperture Investors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Aperture Investors, LLC reported 79 stock positions worth $719.9 million. Its top holding was Aaon (AAON) at 4.3% of the portfolio, followed by Interdigital (IDCC, 3.9%) and Sterling Infrastructure (STRL, 3.8%). Compared with Q2 2025, it opened 17 new positions, sold out of 16, added to 25 and reduced 28. The biggest buy was a new position in Interdigital (IDCC) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001787596
- Portfolio Value
- $719.9M (Q3 2025)
- SEC Filing
- 0001172661-25-004876 ↗ filed Nov 14, 2025
Holdings Value
Holdings 79 stocks · $719.9M
| AAON Aaon Inc. | 4.34% | 334,733 | $31.3M | Add +0.2% |
| IDCC Interdigital Inc. | 3.94% | 82,183 | $28.4M | New |
| STRL Sterling Infrastructure Inc. | 3.78% | 80,213 | $27.2M | Reduce -22.7% |
| AGX Argan Inc. | 3.76% | 100,183 | $27.1M | New |
| MTN Vail Resorts Inc. | 3.47% | 166,927 | $25.0M | Add +14.6% |
| VXUS Vanguard Total Intl Stock | 3.46% | 339,093 | $24.9M | No change |
| BC Brunswick Corp. | 3.44% | 391,372 | $24.8M | Add +31.5% |
| SN Sharkninja Inc. | 3.42% | 238,421 | $24.6M | Reduce -7.7% |
| SHAK Shake Shack Inc. Class A | 3.39% | 260,556 | $24.4M | Add +72.5% |
| PTON Peloton Interactive Inc. Class A | 3.29% | 2,630,449 | $23.7M | Add +10.7% |
| POWL Powell Industries Inc. | 3.28% | 77,394 | $23.6M | New |
| BROS Dutch Bros Inc. Class A | 3.24% | 445,714 | $23.3M | Add +66.8% |
| HAYW Hayward Holdings Inc. | 2.93% | 1,395,140 | $21.1M | Reduce -18.2% |
| TREX Trex Company Inc. | 2.92% | 406,610 | $21.0M | Add +70.8% |
| RRX Regal Rexnord Corp. | 2.91% | 146,081 | $21.0M | Add +6.7% |
| CAVA Cava Group Inc. | 2.67% | 318,461 | $19.2M | Reduce -1.0% |
| VERX Vertex Inc. Class A | 2.59% | 752,431 | $18.7M | Add +4.4% |
| TIGO Millicom Intl Cellular S.A. | 2.58% | 383,048 | $18.6M | New |
| SAIL Sailpoint Inc. | 2.24% | 728,783 | $16.1M | Reduce -33.9% |
| VWO Vanguard Ftse Emerging Marke | 1.98% | 263,332 | $14.3M | No change |
| CRH CRH PLC | 1.97% | 118,126 | $14.2M | Add +1.4% |
| ACVA Acv Auctions Inc. Class A | 1.52% | 1,103,348 | $10.9M | Reduce -10.1% |
| COIN Coinbase Global Inc. Class A | 1.41% | 30,033 | $10.1M | Reduce -6.9% |
| FSS Federal Signal Corp. | 1.34% | 80,929 | $9.6M | Reduce -61.5% |
| APG Api Group Corp. | 1.33% | 279,318 | $9.6M | Reduce -25.2% |
| MSFT Microsoft Corp. | 1.27% | 17,618 | $9.1M | Reduce -2.2% |
| MIR Mirion Technologies Inc. | 1.23% | 380,095 | $8.8M | Add +10.2% |
| NDAQ Nasdaq Inc. | 1.20% | 97,337 | $8.6M | Reduce -28.9% |
| NVDA Nvidia Corp. | 1.10% | 42,516 | $7.9M | Reduce -18.6% |
| WMB Williams Cos Inc. | 1.04% | 117,746 | $7.5M | Add +14.2% |
| HDB HDFC Bank Ltd.-ADR | 0.90% | 188,760 | $6.4M | No change |
| VSAT Viasat Inc. | 0.85% | 210,000 | $6.2M | New |
| BABA Alibaba Group Holding-SP ADR | 0.84% | 33,864 | $6.1M | No change |
| ECG Everus Construction Group | 0.78% | 65,153 | $5.6M | Add +21.7% |
| YUMC Yum China Holdings Inc. | 0.77% | 129,018 | $5.5M | Add +10.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.76% | 99,121 | $5.5M | Add +55.4% |
| BUR Burford Capital Ltd. | 0.75% | 451,360 | $5.4M | Add +215.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.74% | 19,047 | $5.3M | No change |
| SAP Sap SE-Sponsored ADR | 0.72% | 19,441 | $5.2M | Add +8.6% |
| CCI Crown Castle Inc. | 0.72% | 53,446 | $5.2M | Reduce -2.1% |
| VNET Vnet Group Inc.-ADR | 0.70% | 487,205 | $5.0M | Add +167.0% |
| RBRK Rubrik Inc. Class A | 0.70% | 61,096 | $5.0M | Reduce -59.5% |
| AMZN Amazon.com Inc. | 0.67% | 22,092 | $4.9M | Reduce -2.6% |
| PRMB Primo Brands Corp. | 0.67% | 216,887 | $4.8M | Reduce -3.2% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.62% | 53,908 | $4.5M | Add +87.3% |
| EQT Eqt Corp. | 0.62% | 81,932 | $4.5M | New |
| LIND Lindblad Expeditions Holding | 0.61% | 343,683 | $4.4M | Reduce -5.0% |
| KR Kroger Co. | 0.61% | 64,721 | $4.4M | Add +38.5% |
| CDE Coeur Mining Inc. | 0.60% | 229,518 | $4.3M | Reduce -12.1% |
| IBN Icici Bank Ltd.-Spon ADR | 0.56% | 133,325 | $4.0M | No change |
| VST Vistra Corp. | 0.55% | 20,239 | $4.0M | Reduce -45.2% |
| MMM 3M Co. | 0.52% | 23,944 | $3.7M | Reduce -23.5% |
| IP International Paper Co. | 0.49% | 75,984 | $3.5M | Reduce -28.6% |
| ALC Alcon Inc. filed as ALCON AG | 0.48% | 45,945 | $3.4M | Add +28.3% |
| MDT Medtronic PLC | 0.46% | 34,950 | $3.3M | Reduce -45.1% |
| FIGR Figure Technology Solut Class A | 0.38% | 76,063 | $2.8M | New |
| SONY Sony Group Corp. - SP ADR | 0.37% | 92,804 | $2.7M | Reduce -62.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.36% | 33,732 | $2.6M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.35% | 2,580 | $2.5M | Add +42.5% |
| LIN Linde PLC | 0.34% | 5,219 | $2.5M | Reduce -27.8% |
| ANET Arista Networks Inc. | 0.33% | 16,174 | $2.4M | New |
| AMRZ Amrize Ltd. | 0.31% | 46,007 | $2.2M | New |
| PKG Packaging Corp. of America | 0.31% | 10,203 | $2.2M | New |
| CEG Constellation Energy | 0.31% | 6,693 | $2.2M | Reduce -3.8% |
| TW Tradeweb Markets Inc. Class A | 0.30% | 19,557 | $2.2M | Reduce -48.2% |
| TLN Talen Energy Corp. | 0.30% | 5,016 | $2.1M | New |
| DLTR Dollar Tree Inc. | 0.29% | 22,319 | $2.1M | Reduce -3.2% |
| FUN Six Flags Entertainment Corp. | 0.28% | 88,849 | $2.0M | New |
| CTRI Centuri Holdings Inc. | 0.28% | 95,280 | $2.0M | New |
| FCX Freeport-McMoran Inc. | 0.27% | 49,118 | $1.9M | Add +1.8% |
| RNW Renew Energy Global PLC-A | 0.25% | 230,981 | $1.8M | Reduce -43.4% |
| UL Unilever PLC | 0.23% | 28,182 | $1.7M | New |
| DQ Daqo New Energy Corp.-ADR | 0.18% | 46,648 | $1.3M | New |
| PCT Purecycle Technologies Inc. | 0.18% | 97,675 | $1.3M | Add +30.9% |
| UNIT Uniti Group Inc. | 0.15% | 177,223 | $1.1M | New |
| UAL United Airlines Holdings Inc. | 0.15% | 10,927 | $1.1M | New |
| IHG Intercontinental Hotels-ADR | 0.14% | 8,204 | $995K | No change |
| MMYT Makemytrip Ltd. | 0.13% | 10,000 | $936K | No change |
| RXO Rxo Inc. | 0.12% | 54,758 | $842K | Add +8.2% |
Options reported separately and not counted above: WMB calls ($7.4M), SPY puts ($1.6M), SPY calls ($799K), VST calls ($155K), SONY calls ($49K).
Portfolio Sells Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −4.37 |
| CLH Clean Harbors Inc. | Sold out | 0.00% | −3.39 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −2.66 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −2.66 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −1.68 |
| FSS Federal Signal Corp. | Reduce -61.5% | 1.34% | −1.67 |
| ACVA Acv Auctions Inc. Class A | Reduce -10.1% | 1.52% | −1.16 |
| SAIL Sailpoint Inc. | Reduce -33.9% | 2.24% | −1.15 |
| RBRK Rubrik Inc. Class A | Reduce -59.5% | 0.70% | −1.12 |
| CAVA Cava Group Inc. | Reduce -1.0% | 2.67% | −0.97 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.83 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.78 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.66 |
| SONY Sony Group Corp. - SP ADR | Reduce -62.1% | 0.37% | −0.48 |
| NDAQ Nasdaq Inc. | Reduce -28.9% | 1.20% | −0.45 |
| TW Tradeweb Markets Inc. Class A | Reduce -48.2% | 0.30% | −0.44 |
| VST Vistra Corp. | Reduce -45.2% | 0.55% | −0.41 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.38 |
| APG Api Group Corp. | Reduce -25.2% | 1.33% | −0.37 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.34 |
| SEI Solaris Energy Infrastructur | Sold out | 0.00% | −0.30 |
| JHX James Hardie Ord | Sold out | 0.00% | −0.29 |
| MDT Medtronic PLC | Reduce -45.1% | 0.46% | −0.28 |
| HAYW Hayward Holdings Inc. | Reduce -18.2% | 2.93% | −0.23 |
| PRMB Primo Brands Corp. | Reduce -3.2% | 0.67% | −0.23 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.20 |
| IP International Paper Co. | Reduce -28.6% | 0.49% | −0.18 |
| MEOH Methanex Corp. | Sold out | 0.00% | −0.18 |
| RNW Renew Energy Global PLC-A | Reduce -43.4% | 0.25% | −0.13 |
| MMM 3M Co. | Reduce -23.5% | 0.52% | −0.12 |
| COIN Coinbase Global Inc. Class A | Reduce -6.9% | 1.41% | −0.11 |
| LIN Linde PLC | Reduce -27.8% | 0.34% | −0.11 |
| PAL Proficient Auto Logistics Inc. | Sold out | 0.00% | −0.11 |
| TTAN Servicetitan Inc. Class A | Sold out | 0.00% | −0.07 |
| CCI Crown Castle Inc. | Reduce -2.1% | 0.72% | −0.04 |
| SN Sharkninja Inc. | Reduce -7.7% | 3.42% | −0.02 |
| DLTR Dollar Tree Inc. | Reduce -3.2% | 0.29% | −0.01 |
| NVDA Nvidia Corp. | Reduce -18.6% | 1.10% | −0.01 |
| CEG Constellation Energy | Reduce -3.8% | 0.31% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -2.6% | 0.67% | +0.00 |
| LIND Lindblad Expeditions Holding | Reduce -5.0% | 0.61% | +0.04 |
| MSFT Microsoft Corp. | Reduce -2.2% | 1.27% | +0.06 |
| CDE Coeur Mining Inc. | Reduce -12.1% | 0.60% | +0.29 |
| STRL Sterling Infrastructure Inc. | Reduce -22.7% | 3.78% | +0.57 |
Portfolio Buys Q2 2025 → Q3 2025
| IDCC Interdigital Inc. | New | 3.94% | +3.94 |
| AGX Argan Inc. | New | 3.76% | +3.76 |
| POWL Powell Industries Inc. | New | 3.28% | +3.28 |
| TIGO Millicom Intl Cellular S.A. | New | 2.58% | +2.58 |
| BC Brunswick Corp. | Add +31.5% | 3.44% | +1.23 |
| TREX Trex Company Inc. | Add +70.8% | 2.92% | +1.18 |
| PTON Peloton Interactive Inc. Class A | Add +10.7% | 3.29% | +1.07 |
| AAON Aaon Inc. | Add +0.2% | 4.34% | +1.03 |
| VSAT Viasat Inc. | New | 0.85% | +0.85 |
| BROS Dutch Bros Inc. Class A | Add +66.8% | 3.24% | +0.79 |
| EQT Eqt Corp. | New | 0.62% | +0.62 |
| SHAK Shake Shack Inc. Class A | Add +72.5% | 3.39% | +0.53 |
| CRH CRH PLC | Add +1.4% | 1.97% | +0.53 |
| VNET Vnet Group Inc.-ADR | Add +167.0% | 0.70% | +0.53 |
| BUR Burford Capital Ltd. | Add +215.9% | 0.75% | +0.48 |
| MTN Vail Resorts Inc. | Add +14.6% | 3.47% | +0.39 |
| FIGR Figure Technology Solut Class A | New | 0.38% | +0.38 |
| ANET Arista Networks Inc. | New | 0.33% | +0.33 |
| ECG Everus Construction Group | Add +21.7% | 0.78% | +0.32 |
| AMRZ Amrize Ltd. | New | 0.31% | +0.31 |
| PKG Packaging Corp. of America | New | 0.31% | +0.31 |
| TLN Talen Energy Corp. | New | 0.30% | +0.30 |
| FUN Six Flags Entertainment Corp. | New | 0.28% | +0.28 |
| CTRI Centuri Holdings Inc. | New | 0.28% | +0.28 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +87.3% | 0.62% | +0.25 |
| RRX Regal Rexnord Corp. | Add +6.7% | 2.91% | +0.24 |
| UL Unilever PLC | New | 0.23% | +0.23 |
| MIR Mirion Technologies Inc. | Add +10.2% | 1.23% | +0.23 |
| DQ Daqo New Energy Corp.-ADR | New | 0.18% | +0.18 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +55.4% | 0.76% | +0.17 |
| WMB Williams Cos Inc. | Add +14.2% | 1.04% | +0.17 |
| KR Kroger Co. | Add +38.5% | 0.61% | +0.16 |
| ASML ASML Holding NV-NY Reg SHS | Add +42.5% | 0.35% | +0.15 |
| UNIT Uniti Group Inc. | New | 0.15% | +0.15 |
| UAL United Airlines Holdings Inc. | New | 0.15% | +0.15 |
| YUMC Yum China Holdings Inc. | Add +10.9% | 0.77% | +0.07 |
| ALC Alcon Inc. | Add +28.3% | 0.48% | +0.05 |
| PCT Purecycle Technologies Inc. | Add +30.9% | 0.18% | +0.04 |
| RXO Rxo Inc. | Add +8.2% | 0.12% | +0.01 |
| SAP Sap SE-Sponsored ADR | Add +8.6% | 0.72% | −0.01 |
| FCX Freeport-McMoran Inc. | Add +1.8% | 0.27% | −0.01 |
| VERX Vertex Inc. Class A | Add +4.4% | 2.59% | −0.83 |
Options Activity Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | call | Sold out | 61,000 | $9.6Mbefore exit |
| WMB Williams Cos Inc. | call | New | 116,800 | $7.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 2,400 | $1.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 1,200 | $799K |
| VST Vistra Corp. | call | Reduce -98.8% | 790 | $155K |
| SONY Sony Group Corp. - SP ADR | call | New | 1,700 | $49K |
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 |