Bain Capital Public Equity Management II, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bain Capital Public Equity Management II, LLC reported 21 stock positions worth $2.1 billion. Its top holding was Liberty Media Class C (FWONK) at 11.9% of the portfolio, followed by Microsoft (MSFT, 10.1%) and Performance Food (PFGC, 9.5%). Compared with Q2 2025, it opened 6 new positions, sold out of 9, added to 8 and reduced 6. The biggest buy was a new position in AutoZone (AZO) and the biggest sale an exit from Transdigm (TDG).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001768111
- Portfolio Value
- $2.1B (Q3 2025)
- SEC Filing
- 0001768111-25-000017 ↗ filed Nov 14, 2025
Holdings Value
Holdings 21 stocks · $2.1B
| FWONK Liberty Media Corp. Class C | 11.88% | 2,433,769 | $254.2M | Add +7.0% |
| MSFT Microsoft Corp. | 10.06% | 415,393 | $215.2M | Add +6.0% |
| PFGC Performance Food Group Co. | 9.46% | 1,945,057 | $202.4M | Reduce -1.1% |
| CPNG Coupang Inc. | 7.81% | 5,185,877 | $167.0M | Add +314.5% |
| CDNS Cadence Design SYS Inc. | 7.46% | 454,377 | $159.6M | Add +7.3% |
| AZO AutoZone Inc. | 7.22% | 36,014 | $154.5M | New |
| LYV Live Nation Entertainment Inc. | 6.97% | 911,914 | $149.0M | Add +608.8% |
| EVR Evercore Inc. Class A | 6.85% | 434,209 | $146.5M | Add +75.5% |
| CR Crane Co. | 6.36% | 738,374 | $136.0M | Reduce -7.4% |
| TSM Taiwan Semiconductor-SP ADR | 4.92% | 376,585 | $105.2M | New |
| COF Capital One Financial Corp. | 4.92% | 494,635 | $105.1M | Reduce -16.1% |
| FIX Comfort Systems USA Inc. | 4.69% | 121,581 | $100.3M | New |
| AMZN Amazon.com Inc. | 3.79% | 369,465 | $81.1M | Add +88.7% |
| HUBB Hubbell Inc. | 1.84% | 91,365 | $39.3M | Reduce -71.8% |
| EYE National Vision Holdings Inc. | 1.76% | 1,291,626 | $37.7M | New |
| VVV Valvoline Inc. | 1.23% | 731,871 | $26.3M | Add +154.9% |
| CRCL Circle Internet Group Inc. | 1.21% | 195,384 | $25.9M | No change |
| META Meta Platforms Inc. Class A | 0.99% | 28,895 | $21.2M | Reduce -46.0% |
| SAP Sap SE-Sponsored ADR | 0.29% | 23,499 | $6.3M | Reduce -78.7% |
| NTSK Netskope Inc. Class A | 0.28% | 259,890 | $5.9M | New |
| FIGR Figure Technology Solut Class A | 0.03% | 17,326 | $630K | New |
Portfolio Sells Q2 2025 → Q3 2025
| TDG Transdigm Group Inc. | Sold out | 0.00% | −7.57 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −6.21 |
| BAC Bank of America Corp. | Sold out | 0.00% | −5.54 |
| HUBB Hubbell Inc. | Reduce -71.8% | 1.84% | −4.43 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −4.42 |
| OKTA Okta Inc. | Sold out | 0.00% | −3.50 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −2.75 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −1.31 |
| SAP Sap SE-Sponsored ADR | Reduce -78.7% | 0.29% | −1.29 |
| COF Capital One Financial Corp. | Reduce -16.1% | 4.92% | −1.02 |
| META Meta Platforms Inc. Class A | Reduce -46.0% | 0.99% | −0.88 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.84 |
| CR Crane Co. | Reduce -7.4% | 6.36% | −0.82 |
| SAN Banco Santander SA-Spon ADR | Sold out | 0.00% | −0.11 |
| PFGC Performance Food Group Co. | Reduce -1.1% | 9.46% | +1.31 |
Portfolio Buys Q2 2025 → Q3 2025
| AZO AutoZone Inc. | New | 7.22% | +7.22 |
| LYV Live Nation Entertainment Inc. | Add +608.8% | 6.97% | +6.04 |
| CPNG Coupang Inc. | Add +314.5% | 7.81% | +6.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 4.92% | +4.92 |
| FIX Comfort Systems USA Inc. | New | 4.69% | +4.69 |
| EVR Evercore Inc. Class A | Add +75.5% | 6.85% | +3.68 |
| EYE National Vision Holdings Inc. | New | 1.76% | +1.76 |
| AMZN Amazon.com Inc. | Add +88.7% | 3.79% | +1.76 |
| CDNS Cadence Design SYS Inc. | Add +7.3% | 7.46% | +1.28 |
| MSFT Microsoft Corp. | Add +6.0% | 10.06% | +0.82 |
| VVV Valvoline Inc. | Add +154.9% | 1.23% | +0.71 |
| FWONK Liberty Media Corp. Class C | Add +7.0% | 11.88% | +0.62 |
| NTSK Netskope Inc. Class A | New | 0.28% | +0.28 |
| FIGR Figure Technology Solut Class A | New | 0.03% | +0.03 |
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 |