Belfer Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Belfer Management LLC reported 19 stock positions worth $7.2 million. Its top holding was Coupang (CPNG) at 25.1% of the portfolio, followed by Hamilton Insurance Grou Class B (HG, 8.3%) and SPDR Gold Shares (GLD, 6.0%). Compared with Q2 2025, it opened 3 new positions and reduced 3. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale Meta Platforms Class A (META, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001481957
- Portfolio Value
- $7.2M (Q3 2025)
- SEC Filing
- 0001140361-25-039570 ↗ filed Oct 28, 2025
Holdings Value
Holdings 19 stocks · $7.2M
| CPNG Coupang Inc. | 25.10% | 56,114 | $1.8M | No change |
| HG Hamilton Insurance Grou Class B | 8.30% | 24,088 | $597K | No change |
| GLD SPDR Gold Shares | 5.98% | 1,211 | $430K | No change |
| LMT Lockheed Martin Corp. | 5.60% | 808 | $403K | No change |
| WES Western Midstream Partners L | 5.39% | 9,874 | $388K | No change |
| MPLX MPLX LP | 5.32% | 7,668 | $383K | No change |
| ET Energy Transfer LP | 5.17% | 21,700 | $372K | No change |
| LH Labcorp Holdings Inc. | 4.95% | 1,243 | $357K | No change |
| AVTR Avantor Inc. | 4.41% | 25,461 | $318K | No change |
| SHW The Sherwin-Williams Co. | 4.28% | 891 | $308K | Reduce -11.0% |
| ORI Old Republic Intl Corp. | 3.50% | 5,942 | $252K | No change |
| ULTA Ulta Beauty Inc. | 3.28% | 433 | $236K | No change |
| DLTR Dollar Tree Inc. | 3.24% | 2,469 | $233K | No change |
| GOOGL Alphabet Inc. Class A | 3.21% | 950 | $231K | New |
| META Meta Platforms Inc. Class A | 3.07% | 301 | $221K | Reduce -50.4% |
| Z Zillow Group Inc. Class C | 2.98% | 2,786 | $215K | New |
| CRBG Corebridge Financial Inc. | 2.94% | 6,616 | $212K | Reduce -8.2% |
| HUM Humana Inc. | 2.80% | 776 | $202K | New |
| CLOV Clover Health Investments Co. | 0.46% | 10,787 | $33K | No change |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
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 |