Belfer Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Belfer Management LLC reported 15 stock positions worth $6.0 million. Its top holding was Coupang (CPNG) at 17.0% of the portfolio, followed by Hamilton Insurance Grou Class B (HG, 9.3%) and Energy Transfer (ET, 8.9%). Compared with Q4 2025, it opened 1 new position, added to 11 and reduced 3. The biggest buy was a new position in Air Products & Chemicals (APD) and the biggest sale Avantor (AVTR, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001481957
- Portfolio Value
- $6.0M (Q1 2026)
- SEC Filing
- 0001140361-26-019974 ↗ filed May 8, 2026
Holdings Value
Holdings 15 stocks · $6.0M
| CPNG Coupang Inc. | 17.03% | 53,943 | $1.0M | Add +3.6% |
| HG Hamilton Insurance Grou Class B | 9.31% | 18,655 | $556K | Reduce -16.5% |
| ET Energy Transfer LP | 8.87% | 27,482 | $530K | Add +23.7% |
| GLD SPDR Gold Shares | 8.38% | 1,164 | $501K | Add +3.6% |
| WES Western Midstream Partners L | 8.33% | 12,098 | $498K | Add +19.7% |
| LMT Lockheed Martin Corp. | 7.85% | 777 | $469K | Add +3.7% |
| MPLX MPLX LP | 7.47% | 7,829 | $447K | Reduce -0.3% |
| LH Labcorp Holdings Inc. | 5.19% | 1,162 | $310K | Add +3.7% |
| SHW The Sherwin-Williams Co. | 4.59% | 856 | $274K | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 4.39% | 913 | $262K | Add +3.6% |
| DLTR Dollar Tree Inc. | 4.35% | 2,374 | $260K | Add +3.6% |
| APD Air Products & Chemicals Inc. | 4.02% | 828 | $240K | New |
| ORI Old Republic Intl Corp. | 3.66% | 5,480 | $219K | Add +3.6% |
| ULTA Ulta Beauty Inc. | 3.64% | 416 | $217K | Add +3.7% |
| AVTR Avantor Inc. | 2.93% | 22,317 | $175K | Reduce -5.5% |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| APD Air Products & Chemicals Inc. | New | 4.02% | +4.02 |
| ET Energy Transfer LP | Add +23.7% | 8.87% | +2.45 |
| LMT Lockheed Martin Corp. | Add +3.7% | 7.85% | +1.50 |
| WES Western Midstream Partners L | Add +19.7% | 8.33% | +1.33 |
| GLD SPDR Gold Shares | Add +3.6% | 8.38% | +0.57 |
| LH Labcorp Holdings Inc. | Add +3.7% | 5.19% | +0.25 |
| SHW The Sherwin-Williams Co. | Add +3.6% | 4.59% | −0.10 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 4.39% | −0.44 |
| ORI Old Republic Intl Corp. | Add +3.6% | 3.66% | −0.57 |
| DLTR Dollar Tree Inc. | Add +3.6% | 4.35% | −0.59 |
| ULTA Ulta Beauty Inc. | Add +3.7% | 3.64% | −0.62 |
| CPNG Coupang Inc. | Add +3.6% | 17.03% | −4.49 |
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 |