Benchstone Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Benchstone Capital Management LP reported 35 stock positions worth $940.9 million. Its top holding was Netflix (NFLX) at 6.4% of the portfolio, followed by American Tower (AMT, 5.2%) and SBA Communications (SBAC, 5.0%). Compared with Q4 2024, it opened 8 new positions, sold out of 9, added to 16 and reduced 11. The biggest buy was a new position in Netflix (NFLX) and the biggest sale an exit from Walt Disney (DIS).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002016777
- Portfolio Value
- $940.9M (Q1 2025)
- SEC Filing
- 0001420506-25-001254 ↗ filed May 15, 2025
Holdings Value
Holdings 35 stocks · $940.9M
| NFLX Netflix Inc. | 6.39% | 64,520 | $60.2M | New |
| AMT American Tower Corp. | 5.24% | 226,603 | $49.3M | Add +3.0% |
| SBAC SBA Communications Corp. | 5.04% | 215,726 | $47.5M | Add +31.5% |
| LBRDK Liberty Broadband-C | 4.96% | 548,556 | $46.7M | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 4.43% | 251,174 | $41.7M | Add +82.0% |
| META Meta Platforms Inc. Class A | 4.33% | 70,619 | $40.7M | Add +74.1% |
| HLT Hilton Worldwide Holdings Inc. | 4.16% | 171,921 | $39.1M | Add +107.7% |
| NCLH Norwegian Cruise Line Holdin | 4.03% | 2,000,570 | $37.9M | Add +22.2% |
| MNDY Monday.com Ltd. | 4.00% | 154,638 | $37.6M | Add +148.6% |
| CRM Salesforce Inc. | 3.97% | 139,275 | $37.4M | Add +119.9% |
| FUN Six Flags Entertainment Corp. | 3.56% | 938,426 | $33.5M | Add +9.2% |
| FWONK Liberty Media Corp. Class C | 3.53% | 368,670 | $33.2M | Reduce -14.6% |
| TTWO Take-Two Interactive Softwre | 3.33% | 151,169 | $31.3M | Add +14.9% |
| INTU Intuit Inc. | 3.21% | 49,146 | $30.2M | New |
| BURL Burlington Stores Inc. | 3.13% | 123,503 | $29.4M | Add +5.3% |
| AVGO Broadcom Inc. | 3.06% | 171,818 | $28.8M | New |
| AMZN Amazon.com Inc. | 3.01% | 148,756 | $28.3M | Reduce -32.3% |
| BKNG Booking Holdings Inc. | 2.99% | 6,107 | $28.1M | New |
| TEAM Atlassian Corp. Class A | 2.92% | 129,435 | $27.5M | Add +17.4% |
| DPZ Domino's Pizza Inc. | 2.48% | 50,749 | $23.3M | Add +518.6% |
| WMT Walmart Inc. | 2.45% | 262,118 | $23.0M | Reduce -29.1% |
| MCD McDonald's Corp. | 2.43% | 73,240 | $22.9M | Add +1.1% |
| SHOP Shopify Inc. Class A | 2.32% | 228,782 | $21.8M | Reduce -2.1% |
| WH Wyndham Hotels & Resorts Inc. | 1.98% | 206,175 | $18.7M | Reduce -2.6% |
| PINS Pinterest Inc. Class A | 1.97% | 597,270 | $18.5M | New |
| ADBE Adobe Inc. | 1.71% | 42,066 | $16.1M | Reduce -7.6% |
| SNOW Snowflake Inc. | 1.70% | 109,249 | $16.0M | New |
| TXN Texas Instruments Inc. | 1.69% | 88,572 | $15.9M | New |
| W Wayfair Inc. Class A | 1.38% | 404,585 | $13.0M | Add +11.0% |
| CDNS Cadence Design SYS Inc. | 1.30% | 47,985 | $12.2M | New |
| DLTR Dollar Tree Inc. | 1.25% | 156,465 | $11.7M | Add +54.5% |
| OUT Outfront Media Inc. | 0.97% | 567,161 | $9.2M | Reduce -64.5% |
| WING Wingstop Inc. | 0.54% | 22,723 | $5.1M | Reduce -56.9% |
| MCO Moody's Corp. | 0.40% | 8,144 | $3.8M | Reduce -89.5% |
| PENN Penn Entertainment Inc. | 0.14% | 83,168 | $1.4M | Reduce -90.1% |
Portfolio Sells Q4 2024 → Q1 2025
| DIS The Walt Disney Co. | Sold out | 0.00% | −4.42 |
| T AT&T Inc. | Sold out | 0.00% | −4.41 |
| ON On Semiconductor | Sold out | 0.00% | −3.56 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.43 |
| MCO Moody's Corp. | Reduce -89.5% | 0.40% | −3.39 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −2.37 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.21 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −2.09 |
| OUT Outfront Media Inc. | Reduce -64.5% | 0.97% | −2.03 |
| AMZN Amazon.com Inc. | Reduce -32.3% | 3.01% | −1.98 |
| PENN Penn Entertainment Inc. | Reduce -90.1% | 0.14% | −1.57 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −1.56 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −1.09 |
| WMT Walmart Inc. | Reduce -29.1% | 2.45% | −1.01 |
| WING Wingstop Inc. | Reduce -56.9% | 0.54% | −1.01 |
| FWONK Liberty Media Corp. Class C | Reduce -14.6% | 3.53% | −0.61 |
| ADBE Adobe Inc. | Reduce -7.6% | 1.71% | −0.38 |
| SHOP Shopify Inc. Class A | Reduce -2.1% | 2.32% | −0.25 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -2.6% | 1.98% | −0.22 |
| LBRDK Liberty Broadband-C | Reduce -0.5% | 4.96% | +0.70 |
Portfolio Buys Q4 2024 → Q1 2025
| NFLX Netflix Inc. | New | 6.39% | +6.39 |
| INTU Intuit Inc. | New | 3.21% | +3.21 |
| AVGO Broadcom Inc. | New | 3.06% | +3.06 |
| BKNG Booking Holdings Inc. | New | 2.99% | +2.99 |
| MNDY Monday.com Ltd. | Add +148.6% | 4.00% | +2.48 |
| DPZ Domino's Pizza Inc. | Add +518.6% | 2.48% | +2.12 |
| HLT Hilton Worldwide Holdings Inc. | Add +107.7% | 4.16% | +2.04 |
| PINS Pinterest Inc. Class A | New | 1.97% | +1.97 |
| META Meta Platforms Inc. Class A | Add +74.1% | 4.33% | +1.87 |
| CRM Salesforce Inc. | Add +119.9% | 3.97% | +1.78 |
| SNOW Snowflake Inc. | New | 1.70% | +1.70 |
| TXN Texas Instruments Inc. | New | 1.69% | +1.69 |
| TSM Taiwan Semiconductor-SP ADR | Add +82.0% | 4.43% | +1.61 |
| SBAC SBA Communications Corp. | Add +31.5% | 5.04% | +1.59 |
| CDNS Cadence Design SYS Inc. | New | 1.30% | +1.30 |
| AMT American Tower Corp. | Add +3.0% | 5.24% | +1.07 |
| TTWO Take-Two Interactive Softwre | Add +14.9% | 3.33% | +0.83 |
| DLTR Dollar Tree Inc. | Add +54.5% | 1.25% | +0.46 |
| MCD McDonald's Corp. | Add +1.1% | 2.43% | +0.26 |
| TEAM Atlassian Corp. Class A | Add +17.4% | 2.92% | +0.14 |
| W Wayfair Inc. Class A | Add +11.0% | 1.38% | −0.29 |
| NCLH Norwegian Cruise Line Holdin | Add +22.2% | 4.03% | −0.33 |
| BURL Burlington Stores Inc. | Add +5.3% | 3.13% | −0.33 |
| FUN Six Flags Entertainment Corp. | Add +9.2% | 3.56% | −0.73 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $802.5M | SNOW, FWONK, TXN, TSM, WH |
| Q1 2026 | 38 | $859.5M | TSM, AVGO, ECHO, FWONK, SPOT |
| Q4 2025 | 43 | $887.9M | AMZN, TSM, SNPS, META, FWONK |
| Q3 2025 | 27 | $733.3M | MSFT, NCLH, FWONK, MCD, META |
| Q2 2025 | 35 | $1.1B | AMZN, NVDA, TSM, LBRDK, MSFT |
| Q1 2025 | 35 | $940.9M | NFLX, AMT, SBAC, LBRDK, TSM |
| Q4 2024 | 36 | $966.9M | AMZN, DIS, T, NCLH, FUN |