Benchstone Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Benchstone Capital Management LP reported 27 stock positions worth $733.3 million. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Norwegian Cruise Line Holdin (NCLH, 7.2%) and Liberty Media Class C (FWONK, 6.8%). Compared with Q2 2025, it opened 8 new positions, sold out of 16, added to 8 and reduced 11. The biggest buy was a new position in Home Depot (HD) and the biggest sale an exit from AT&T (T).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002016777
- Portfolio Value
- $733.3M (Q3 2025)
- SEC Filing
- 0001420506-25-003288 ↗ filed Nov 14, 2025
Holdings Value
Holdings 27 stocks · $733.3M
| MSFT Microsoft Corp. | 7.85% | 111,114 | $57.6M | Add +8.5% |
| NCLH Norwegian Cruise Line Holdin | 7.17% | 2,133,322 | $52.5M | Add +17.9% |
| FWONK Liberty Media Corp. Class C | 6.80% | 477,425 | $49.9M | Reduce -0.8% |
| MCD McDonald's Corp. | 6.77% | 163,348 | $49.6M | Add +49.1% |
| META Meta Platforms Inc. Class A | 6.41% | 64,041 | $47.0M | Add +12.7% |
| HD Home Depot Inc. | 5.78% | 104,687 | $42.4M | New |
| ROST Ross Stores Inc. | 5.41% | 260,384 | $39.7M | Add +13.1% |
| NOW ServiceNow Inc. | 5.11% | 40,714 | $37.5M | Add +36.1% |
| NVDA Nvidia Corp. | 4.72% | 185,407 | $34.6M | Reduce -54.7% |
| AVGO Broadcom Inc. | 4.36% | 96,816 | $31.9M | New |
| AMT American Tower Corp. | 4.08% | 155,638 | $29.9M | Add +29.7% |
| TSM Taiwan Semiconductor-SP ADR | 3.72% | 97,581 | $27.3M | Reduce -61.3% |
| AMZN Amazon.com Inc. | 3.35% | 112,039 | $24.6M | Reduce -62.3% |
| HPE Hewlett Packard Enterprise | 3.13% | 933,910 | $22.9M | New |
| ORCL Oracle Corp. | 2.96% | 77,059 | $21.7M | Reduce -37.0% |
| LBRDK Liberty Broadband-C | 2.77% | 319,911 | $20.3M | Reduce -40.7% |
| WBD Warner Bros Discovery Inc. | 2.73% | 1,026,645 | $20.1M | New |
| MNDY Monday.com Ltd. | 2.58% | 97,787 | $18.9M | Reduce -22.6% |
| AMAT Applied Materials Inc. | 2.35% | 84,255 | $17.3M | New |
| TSEM Tower Semiconductor Ltd. | 2.35% | 238,330 | $17.2M | New |
| CRM Salesforce Inc. | 2.18% | 67,510 | $16.0M | Reduce -39.5% |
| TEAM Atlassian Corp. Class A | 2.02% | 92,694 | $14.8M | Reduce -44.3% |
| SNPS Synopsys Inc. | 1.82% | 27,036 | $13.3M | New |
| SNOW Snowflake Inc. | 1.45% | 47,280 | $10.7M | Reduce -0.7% |
| NFLX Netflix Inc. | 1.37% | 8,380 | $10.0M | Add +11.9% |
| SMPL The Simply Good Foods Co. | 0.61% | 180,899 | $4.5M | Reduce -65.1% |
| MRVL Marvell Technology Inc. | 0.14% | 11,947 | $1.0M | New |
Portfolio Sells Q2 2025 → Q3 2025
| T AT&T Inc. | Sold out | 0.00% | −4.25 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −3.36 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −3.32 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −2.90 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −2.87 |
| ON On Semiconductor | Sold out | 0.00% | −2.66 |
| AMZN Amazon.com Inc. | Reduce -62.3% | 3.35% | −2.40 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −2.31 |
| BURL Burlington Stores Inc. | Sold out | 0.00% | −2.22 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −2.16 |
| WING Wingstop Inc. | Sold out | 0.00% | −2.02 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −1.99 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.96 |
| LBRDK Liberty Broadband-C | Reduce -40.7% | 2.77% | −1.91 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −1.76 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −1.70 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -61.3% | 3.72% | −1.32 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −1.28 |
| NVDA Nvidia Corp. | Reduce -54.7% | 4.72% | −0.99 |
| TEAM Atlassian Corp. Class A | Reduce -44.3% | 2.02% | −0.97 |
| MNDY Monday.com Ltd. | Reduce -22.6% | 2.58% | −0.93 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −0.89 |
| SMPL The Simply Good Foods Co. | Reduce -65.1% | 0.61% | −0.83 |
| CRM Salesforce Inc. | Reduce -39.5% | 2.18% | −0.51 |
| SNOW Snowflake Inc. | Reduce -0.7% | 1.45% | +0.51 |
| ORCL Oracle Corp. | Reduce -37.0% | 2.96% | +0.60 |
| FWONK Liberty Media Corp. Class C | Reduce -0.8% | 6.80% | +2.36 |
Portfolio Buys Q2 2025 → Q3 2025
| HD Home Depot Inc. | New | 5.78% | +5.78 |
| AVGO Broadcom Inc. | New | 4.36% | +4.36 |
| MCD McDonald's Corp. | Add +49.1% | 6.77% | +3.94 |
| NCLH Norwegian Cruise Line Holdin | Add +17.9% | 7.17% | +3.93 |
| MSFT Microsoft Corp. | Add +8.5% | 7.85% | +3.35 |
| HPE Hewlett Packard Enterprise | New | 3.13% | +3.13 |
| ROST Ross Stores Inc. | Add +13.1% | 5.41% | +2.82 |
| WBD Warner Bros Discovery Inc. | New | 2.73% | +2.73 |
| META Meta Platforms Inc. Class A | Add +12.7% | 6.41% | +2.71 |
| NOW ServiceNow Inc. | Add +36.1% | 5.11% | +2.39 |
| AMAT Applied Materials Inc. | New | 2.35% | +2.35 |
| TSEM Tower Semiconductor Ltd. | New | 2.35% | +2.35 |
| SNPS Synopsys Inc. | New | 1.82% | +1.82 |
| AMT American Tower Corp. | Add +29.7% | 4.08% | +1.74 |
| NFLX Netflix Inc. | Add +11.9% | 1.37% | +0.48 |
| MRVL Marvell Technology Inc. | New | 0.14% | +0.14 |
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 |