Benchstone Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Benchstone Capital Management LP reported 43 stock positions worth $887.9 million. Its top holding was Amazon.com (AMZN) at 5.3% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 5.0%) and Synopsys (SNPS, 4.9%). Compared with Q3 2025, it opened 27 new positions, sold out of 11, added to 7 and reduced 9. The biggest buy was a new position in Live Nation Entertainment (LYV) and the biggest sale an exit from Microsoft (MSFT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002016777
- Portfolio Value
- $887.9M (Q4 2025)
- SEC Filing
- 0001420506-26-000483 ↗ filed Feb 17, 2026
Holdings Value
Holdings 43 stocks · $887.9M
| AMZN Amazon.com Inc. | 5.35% | 205,764 | $47.5M | Add +83.7% |
| TSM Taiwan Semiconductor-SP ADR | 5.01% | 146,244 | $44.4M | Add +49.9% |
| SNPS Synopsys Inc. | 4.94% | 93,363 | $43.9M | Add +245.3% |
| META Meta Platforms Inc. Class A | 4.79% | 64,411 | $42.5M | Add +0.6% |
| FWONK Liberty Media Corp. Class C | 4.56% | 411,064 | $40.5M | Reduce -13.9% |
| LYV Live Nation Entertainment Inc. | 3.41% | 212,691 | $30.3M | New |
| TTWO Take-Two Interactive Softwre | 3.37% | 116,774 | $29.9M | New |
| DASH DoorDash Inc. Class A | 3.00% | 117,713 | $26.7M | New |
| HD Home Depot Inc. | 2.96% | 76,313 | $26.3M | Reduce -27.1% |
| SHOP Shopify Inc. Class A | 2.86% | 158,023 | $25.4M | New |
| BURL Burlington Stores Inc. | 2.76% | 84,894 | $24.5M | New |
| CRM Salesforce Inc. | 2.69% | 90,157 | $23.9M | Add +33.5% |
| ONTO Onto Innovation Inc. | 2.65% | 148,963 | $23.5M | New |
| W Wayfair Inc. Class A | 2.58% | 228,226 | $22.9M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.47% | 192,840 | $21.9M | New |
| MDB Mongodb Inc. | 2.45% | 51,727 | $21.7M | New |
| ASML ASML Holding NV-NY Reg SHS | 2.38% | 19,722 | $21.1M | New |
| NOW ServiceNow Inc. | 2.37% | 137,591 | $21.1M | Reduce -32.4% |
| CMG Chipotle Mexican Grill Inc. | 2.33% | 559,026 | $20.7M | New |
| AVGO Broadcom Inc. | 2.24% | 57,591 | $19.9M | Reduce -40.5% |
| ORCL Oracle Corp. | 2.23% | 101,498 | $19.8M | Add +31.7% |
| H Hyatt Hotels Corp. Class A | 2.11% | 116,961 | $18.8M | New |
| ECHO Echostar Corp. Class A | 2.06% | 168,657 | $18.3M | New |
| EQIX Equinix Inc. | 2.06% | 23,895 | $18.3M | New |
| ANET Arista Networks Inc. | 1.99% | 134,652 | $17.6M | New |
| TXN Texas Instruments Inc. | 1.85% | 94,590 | $16.4M | New |
| UBER Uber Technologies Inc. | 1.72% | 187,212 | $15.3M | New |
| RRR Red Rock Resorts Inc. Class A | 1.68% | 240,733 | $14.9M | New |
| BYD Boyd Gaming Corp. | 1.66% | 173,401 | $14.8M | New |
| SNOW Snowflake Inc. | 1.50% | 60,804 | $13.3M | Add +28.6% |
| HPE Hewlett Packard Enterprise | 1.48% | 546,395 | $13.1M | Reduce -41.5% |
| AMAT Applied Materials Inc. | 1.45% | 49,976 | $12.8M | Reduce -40.7% |
| RCL Royal Caribbean Cruises Ltd. | 1.31% | 41,720 | $11.6M | New |
| BKNG Booking Holdings Inc. | 1.30% | 2,160 | $11.6M | New |
| TSEM Tower Semiconductor Ltd. | 1.27% | 96,225 | $11.3M | Reduce -59.6% |
| CMCSA Comcast Corp. Class A | 1.23% | 366,713 | $11.0M | New |
| TEAM Atlassian Corp. Class A | 1.21% | 66,049 | $10.7M | Reduce -28.8% |
| ON On Semiconductor | 1.18% | 194,080 | $10.5M | New |
| CHDN Churchill Downs Inc. | 1.17% | 91,618 | $10.4M | New |
| SPOT Spotify Technology SA | 1.16% | 17,768 | $10.3M | New |
| ROST Ross Stores Inc. | 1.13% | 55,785 | $10.0M | Reduce -78.6% |
| AMD Advanced Micro Devices | 1.13% | 46,681 | $10.0M | New |
| BROS Dutch Bros Inc. Class A | 0.93% | 134,584 | $8.2M | New |
Options reported separately and not counted above: LUMN puts ($27.2M), PSKY puts ($13.4M).
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Sold out | 0.00% | −7.85 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −7.17 |
| MCD McDonald's Corp. | Sold out | 0.00% | −6.77 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −4.72 |
| ROST Ross Stores Inc. | Reduce -78.6% | 1.13% | −4.28 |
| AMT American Tower Corp. | Sold out | 0.00% | −4.08 |
| HD Home Depot Inc. | Reduce -27.1% | 2.96% | −2.83 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −2.77 |
| NOW ServiceNow Inc. | Reduce -32.4% | 2.37% | −2.74 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −2.73 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −2.58 |
| FWONK Liberty Media Corp. Class C | Reduce -13.9% | 4.56% | −2.24 |
| AVGO Broadcom Inc. | Reduce -40.5% | 2.24% | −2.11 |
| HPE Hewlett Packard Enterprise | Reduce -41.5% | 1.48% | −1.65 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.37 |
| TSEM Tower Semiconductor Ltd. | Reduce -59.6% | 1.27% | −1.08 |
| AMAT Applied Materials Inc. | Reduce -40.7% | 1.45% | −0.91 |
| TEAM Atlassian Corp. Class A | Reduce -28.8% | 1.21% | −0.81 |
| SMPL The Simply Good Foods Co. | Sold out | 0.00% | −0.61 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| LYV Live Nation Entertainment Inc. | New | 3.41% | +3.41 |
| TTWO Take-Two Interactive Softwre | New | 3.37% | +3.37 |
| SNPS Synopsys Inc. | Add +245.3% | 4.94% | +3.12 |
| DASH DoorDash Inc. Class A | New | 3.00% | +3.00 |
| SHOP Shopify Inc. Class A | New | 2.86% | +2.86 |
| BURL Burlington Stores Inc. | New | 2.76% | +2.76 |
| ONTO Onto Innovation Inc. | New | 2.65% | +2.65 |
| W Wayfair Inc. Class A | New | 2.58% | +2.58 |
| DIS The Walt Disney Co. | New | 2.47% | +2.47 |
| MDB Mongodb Inc. | New | 2.45% | +2.45 |
| ASML ASML Holding NV-NY Reg SHS | New | 2.38% | +2.38 |
| CMG Chipotle Mexican Grill Inc. | New | 2.33% | +2.33 |
| H Hyatt Hotels Corp. Class A | New | 2.11% | +2.11 |
| ECHO Echostar Corp. Class A | New | 2.06% | +2.06 |
| EQIX Equinix Inc. | New | 2.06% | +2.06 |
| AMZN Amazon.com Inc. | Add +83.7% | 5.35% | +1.99 |
| ANET Arista Networks Inc. | New | 1.99% | +1.99 |
| TXN Texas Instruments Inc. | New | 1.85% | +1.85 |
| UBER Uber Technologies Inc. | New | 1.72% | +1.72 |
| RRR Red Rock Resorts Inc. Class A | New | 1.68% | +1.68 |
| BYD Boyd Gaming Corp. | New | 1.66% | +1.66 |
| RCL Royal Caribbean Cruises Ltd. | New | 1.31% | +1.31 |
| BKNG Booking Holdings Inc. | New | 1.30% | +1.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +49.9% | 5.01% | +1.29 |
| CMCSA Comcast Corp. Class A | New | 1.23% | +1.23 |
| ON On Semiconductor | New | 1.18% | +1.18 |
| CHDN Churchill Downs Inc. | New | 1.17% | +1.17 |
| SPOT Spotify Technology SA | New | 1.16% | +1.16 |
| AMD Advanced Micro Devices | New | 1.13% | +1.13 |
| BROS Dutch Bros Inc. Class A | New | 0.93% | +0.93 |
| CRM Salesforce Inc. | Add +33.5% | 2.69% | +0.51 |
| SNOW Snowflake Inc. | Add +28.6% | 1.50% | +0.05 |
| ORCL Oracle Corp. | Add +31.7% | 2.23% | −0.73 |
| META Meta Platforms Inc. Class A | Add +0.6% | 4.79% | −1.63 |
Options Activity Q3 2025 → Q4 2025
| LUMN Lumen Technologies Inc. | put | New | 3,500,000 | $27.2M |
| PSKY Paramount Skydance Class B | put | New | 1,000,000 | $13.4M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |