Bain Capital Public Equity Management II, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Bain Capital Public Equity Management II, LLC reported 25 stock positions worth $2.2 billion . Its top holding was Liberty Media Class C (FWONK) at 10.3% of the portfolio, followed by Performance Food (PFGC, 8.1% ) and Arthur J Gallagher (AJG, 7.7% ). Compared with Q3 2024, it opened 8 new positions, sold out of 13, added to 12 and reduced 5. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale an exit from Nasdaq (NDAQ).
Location Boston, MA
CIK 0001768111
Portfolio Value $2.2B (Q4 2024) Holdings 25 stocks · $2.2B 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 FWONK Liberty Media Corp. Class C 2,424,457 $224.7M Reduce -2.5% PFGC Performance Food Group Co. 2,084,157 $176.2M Add +13.8% AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 592,420 $168.2M New CDNS Cadence Design SYS Inc. 442,018 $132.8M Add +77.1% GEV GE Vernova Inc. 396,986 $130.6M Add +82.1% BURL Burlington Stores Inc. 456,416 $130.1M Add +39.5% COF Capital One Financial Corp. 701,987 $125.2M New HEI Heico Corp. 464,806 $110.5M New KKR KKR & Co. Inc. 734,651 $108.7M Reduce -13.1% MSFT Microsoft Corp. 229,978 $96.9M Reduce -24.9% H Hyatt Hotels Corp. Class A 611,948 $96.1M Add +1.4% TTEK Tetra Tech Inc. 2,409,928 $96.0M Add +149.5% HUBB Hubbell Inc. 228,862 $95.9M New TSM Taiwan Semiconductor-SP ADR 470,766 $93.0M Add +18.0% FIX Comfort Systems USA Inc. 205,723 $87.2M Add +307.2% CR Crane Co. 431,254 $65.4M Add +27.0% MRVL Marvell Technology Inc. 350,625 $38.7M New EQH Equitable Holdings Inc. 702,849 $33.2M Reduce -3.3% RGA Reinsurance Group of America 143,735 $30.7M New HLN Haleon PLC-ADR 2,844,010 $27.1M Add +6.2% CPNG Coupang Inc. 1,052,331 $23.1M Add +21.3% LOAR Loar Holdings Inc. 310,016 $22.9M Add +37.0% LYV Live Nation Entertainment Inc. 168,671 $21.8M New MTZ Mastec Inc. 158,948 $21.6M New SNPS Synopsys Inc. 37,773 $18.3M Reduce -73.0%
Options reported separately and not counted above: QQQ puts ($25.3M), COF calls ($10.2M).
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 ▲ NDAQ Nasdaq Inc. Sold out 0.00% −7.71 TDG Transdigm Group Inc. Sold out 0.00% −6.18 PH Parker Hannifin Corp. Sold out 0.00% −5.87 ACN Accenture PLC Class A Sold out 0.00% −5.14 ICE Intercontinental Exchange Inc. Sold out 0.00% −5.01 UNP Union Pacific Corp. Sold out 0.00% −3.63 AON Aon PLC Class A Sold out 0.00% −3.32 AAPL Apple Inc. Sold out 0.00% −2.50 SNPS Synopsys Inc. Reduce -73.0% 0.84% −2.37 APO Apollo Global Management Inc. Sold out 0.00% −2.08 MSFT Microsoft Corp. Reduce -24.9% 4.46% −1.54 SKX Skechers USA Inc. Class A Sold out 0.00% −1.18 ALL Allstate Corp. Sold out 0.00% −0.99 GLBE Global-E Online Ltd. Sold out 0.00% −0.13 FIVN FIVE9 Inc. Sold out 0.00% −0.07 KKR KKR & Co. Inc. Reduce -13.1% 5.00% −0.02 EQH Equitable Holdings Inc. Reduce -3.3% 1.52% +0.14 FWONK Liberty Media Corp. Class C Reduce -2.5% 10.33% +1.57
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 ▼ AJG Arthur J Gallagher & Co. New 7.73% +7.73 COF Capital One Financial Corp. New 5.76% +5.76 HEI Heico Corp. New 5.08% +5.08 HUBB Hubbell Inc. New 4.41% +4.41 GEV GE Vernova Inc. Add +82.1% 6.00% +3.47 FIX Comfort Systems USA Inc. Add +307.2% 4.01% +3.11 CDNS Cadence Design SYS Inc. Add +77.1% 6.11% +3.03 TTEK Tetra Tech Inc. Add +149.5% 4.41% +2.34 BURL Burlington Stores Inc. Add +39.5% 5.98% +2.06 MRVL Marvell Technology Inc. New 1.78% +1.78 PFGC Performance Food Group Co. Add +13.8% 8.10% +1.58 RGA Reinsurance Group of America New 1.41% +1.41 TSM Taiwan Semiconductor-SP ADR Add +18.0% 4.27% +1.12 LYV Live Nation Entertainment Inc. New 1.00% +1.00 MTZ Mastec Inc. New 0.99% +0.99 CR Crane Co. Add +27.0% 3.01% +0.56 LOAR Loar Holdings Inc. Add +37.0% 1.05% +0.29 H Hyatt Hotels Corp. Class A Add +1.4% 4.42% +0.24 CPNG Coupang Inc. Add +21.3% 1.06% +0.10 HLN Haleon PLC-ADR Add +6.2% 1.25% −0.04
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 111,500 $64.0Mbefore exit EFA iShares MSCI Eafe ETF put Sold out 539,800 $45.1Mbefore exit QQQ Invesco QQQ Trust Series 1 put New 49,500 $25.3M GEV GE Vernova Inc. call Sold out 71,600 $18.3Mbefore exit COF Capital One Financial Corp. call New 57,200 $10.2M
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 0 $0 Q1 2026 0 $0 Q4 2025 3 $62.1M FWONK, CR, PFGC Q3 2025 21 $2.1B FWONK, MSFT, PFGC, CPNG, CDNS Q2 2025 24 $2.1B FWONK, MSFT, PFGC, TDG, CR Q1 2025 15 $1.3B FWONK, PFGC, TDG, CR, ICE Q4 2024 25 $2.2B FWONK, PFGC, AJG, CDNS, GEV Q3 2024 30 $2.2B FWONK, NDAQ, PFGC, TDG, MSFT Q2 2024 32 $2.2B FWONK, TDG, MSFT, VRT, NDAQ Q1 2024 26 $2.4B VRT, TDG, GE, HUBB, FWONK