Belfer Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Belfer Management LLC reported 14 stock positions worth $5.8 million. Its top holding was Coupang (CPNG) at 21.4% of the portfolio, followed by Hamilton Insurance Grou Class B (HG, 8.7%) and Avantor (AVTR, 8.1%). Compared with Q4 2024, it sold out of 1, added to 11 and reduced 3. The biggest buy was SPDR Gold Shares (GLD, shares +2%) and the biggest sale an exit from Crown Castle (CCI).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001481957
- Portfolio Value
- $5.8M (Q1 2025)
- SEC Filing
- 0001140361-25-018286 ↗ filed May 12, 2025
Holdings Value
Holdings 14 stocks · $5.8M
| CPNG Coupang Inc. | 21.37% | 56,114 | $1.2M | Add +1.7% |
| HG Hamilton Insurance Grou Class B | 8.67% | 24,088 | $499K | Add +1.7% |
| AVTR Avantor Inc. | 8.06% | 28,627 | $464K | Add +14.3% |
| MPLX MPLX LP | 7.13% | 7,668 | $410K | Reduce -0.8% |
| WES Western Midstream Partners L | 7.02% | 9,874 | $404K | Reduce -0.8% |
| ET Energy Transfer LP | 7.01% | 21,700 | $403K | Reduce -0.8% |
| LMT Lockheed Martin Corp. | 6.56% | 845 | $377K | Add +1.7% |
| META Meta Platforms Inc. Class A | 6.08% | 607 | $350K | Add +1.7% |
| SHW The Sherwin-Williams Co. | 6.07% | 1,001 | $350K | Add +1.7% |
| GLD SPDR Gold Shares | 6.06% | 1,211 | $349K | Add +1.7% |
| LH Labcorp Holdings Inc. | 5.41% | 1,339 | $312K | Add +1.8% |
| CRBG Corebridge Financial Inc. | 4.83% | 8,812 | $278K | Add +1.7% |
| ORI Old Republic Intl Corp. | 4.05% | 5,942 | $233K | Add +1.7% |
| CLOV Clover Health Investments Co. | 1.67% | 26,792 | $96K | Add +1.7% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | Add +1.7% | 6.06% | +1.45 |
| HG Hamilton Insurance Grou Class B | Add +1.7% | 8.67% | +1.38 |
| CRBG Corebridge Financial Inc. | Add +1.7% | 4.83% | +0.81 |
| ORI Old Republic Intl Corp. | Add +1.7% | 4.05% | +0.75 |
| LH Labcorp Holdings Inc. | Add +1.8% | 5.41% | +0.73 |
| META Meta Platforms Inc. Class A | Add +1.7% | 6.08% | +0.64 |
| CLOV Clover Health Investments Co. | Add +1.7% | 1.67% | +0.49 |
| SHW The Sherwin-Williams Co. | Add +1.7% | 6.07% | +0.09 |
| CPNG Coupang Inc. | Add +1.7% | 21.37% | −0.19 |
| LMT Lockheed Martin Corp. | Add +1.7% | 6.56% | −1.18 |
| AVTR Avantor Inc. | Add +14.3% | 8.06% | −2.25 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $6.0M | CPNG, HG, WES, MPLX, GLD |
| Q1 2026 | 15 | $6.0M | CPNG, HG, ET, GLD, WES |
| Q4 2025 | 14 | $5.7M | CPNG, HG, GLD, MPLX, WES |
| Q3 2025 | 19 | $7.2M | CPNG, HG, GLD, LMT, WES |
| Q2 2025 | 16 | $6.5M | CPNG, HG, META, MPLX, ET |
| Q1 2025 | 14 | $5.8M | CPNG, HG, AVTR, MPLX, WES |
| Q4 2024 | 15 | $6.3M | CPNG, AVTR, LMT, HG, ET |
| Q3 2024 | 15 | $6.2M | CPNG, AVTR, LMT, HG, WES |
| Q2 2024 | 14 | $5.3M | CPNG, AVTR, WES, HG, LMT |
| Q1 2024 | 15 | $5.5M | CPNG, AVTR, SHW, LMT, WES |