Bain Capital Public Equity Management II, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Bain Capital Public Equity Management II, LLC reported 24 stock positions worth $2.1 billion . Its top holding was Liberty Media Class C (FWONK) at 11.3% of the portfolio, followed by Microsoft (MSFT, 9.2% ) and Performance Food (PFGC, 8.1% ). Compared with Q1 2025, it opened 13 new positions, sold out of 4, added to 3 and reduced 8. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from Intercontinental Exchange (ICE).
Location Boston, MA
CIK 0001768111
Portfolio Value $2.1B (Q2 2025) Holdings 24 stocks · $2.1B 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 Q1 2025 FWONK Liberty Media Corp. Class C 2,275,510 $237.8M Reduce -13.6% MSFT Microsoft Corp. 391,893 $194.9M New PFGC Performance Food Group Co. 1,965,825 $172.0M Reduce -17.3% TDG Transdigm Group Inc. 105,088 $159.8M Reduce -7.9% CR Crane Co. 797,648 $151.5M Reduce -14.9% HUBB Hubbell Inc. 323,906 $132.3M New KKR KKR & Co. Inc. 986,221 $131.2M Add +166.1% CDNS Cadence Design SYS Inc. 423,606 $130.5M New COF Capital One Financial Corp. 589,392 $125.4M New BAC Bank of America Corp. filed as BANK AMERICA CORP 2,471,636 $117.0M New SCHW Schwab (charles) Corp. 1,023,658 $93.4M Add +0.7% OKTA Okta Inc. 738,884 $73.9M New EVR Evercore Inc. Class A 247,444 $66.8M New NDAQ Nasdaq Inc. 649,427 $58.1M New AMZN Amazon.com Inc. 195,781 $43.0M Reduce -26.3% META Meta Platforms Inc. Class A 53,540 $39.5M Reduce -67.8% CPNG Coupang Inc. 1,251,030 $37.5M Reduce -14.7% CRCL Circle Internet Group Inc. 195,384 $35.4M New SAP Sap SE-Sponsored ADR 110,064 $33.5M Add +113.0% HLN Haleon PLC-ADR 2,663,166 $27.6M Reduce -13.9% LYV Live Nation Entertainment Inc. 128,662 $19.5M New H Hyatt Hotels Corp. Class A 126,757 $17.7M New VVV Valvoline Inc. 287,163 $10.9M New SAN Banco Santander SA-Spon ADR 277,058 $2.3M New
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ ICE Intercontinental Exchange Inc. Sold out 0.00% −10.68 FWONK Liberty Media Corp. Class C Reduce -13.6% 11.26% −7.50 PFGC Performance Food Group Co. Reduce -17.3% 8.14% −6.65 META Meta Platforms Inc. Class A Reduce -67.8% 1.87% −5.70 TDG Transdigm Group Inc. Reduce -7.9% 7.57% −4.92 CR Crane Co. Reduce -14.9% 7.17% −4.18 BURL Burlington Stores Inc. Sold out 0.00% −2.57 AMZN Amazon.com Inc. Reduce -26.3% 2.03% −1.96 APO Apollo Global Management Inc. Sold out 0.00% −1.69 HLN Haleon PLC-ADR Reduce -13.9% 1.31% −1.21 CPNG Coupang Inc. Reduce -14.7% 1.78% −0.77 LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.24
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. New 9.23% +9.23 HUBB Hubbell Inc. New 6.27% +6.27 CDNS Cadence Design SYS Inc. New 6.18% +6.18 COF Capital One Financial Corp. New 5.94% +5.94 BAC Bank of America Corp. New 5.54% +5.54 OKTA Okta Inc. New 3.50% +3.50 EVR Evercore Inc. Class A New 3.16% +3.16 KKR KKR & Co. Inc. Add +166.1% 6.21% +2.82 NDAQ Nasdaq Inc. New 2.75% +2.75 CRCL Circle Internet Group Inc. New 1.68% +1.68 LYV Live Nation Entertainment Inc. New 0.92% +0.92 H Hyatt Hotels Corp. Class A New 0.84% +0.84 VVV Valvoline Inc. New 0.52% +0.52 SAP Sap SE-Sponsored ADR Add +113.0% 1.59% +0.49 SAN Banco Santander SA-Spon ADR New 0.11% +0.11 SCHW Schwab (charles) Corp. Add +0.7% 4.42% −1.87
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ AMZN Amazon.com Inc. call Sold out 27,700 $5.3Mbefore 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 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