In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), BloombergSen Inc. reported 29 stock positions worth $1.2 billion . Its top holding was Progressive (PGR) at 13.7% of the portfolio, followed by Corpay (CPAY, 10.3% ) and HCA Healthcare (HCA, 9.0% ). Compared with Q1 2025, it opened 3 new positions, sold out of 3, added to 10 and reduced 16. The biggest buy was a new position in Huron Consulting (HURN) and the biggest sale an exit from Humana (HUM).
Location TORONTO, A6
CIK 0001484047
Portfolio Value $1.2B (Q2 2025) Holdings 29 stocks · $1.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 PGR Progressive Corp. 608,064 $162.3M Reduce -8.9% CPAY Corpay Inc. 367,581 $122.0M Reduce -1.2% HCA HCA Healthcare Inc. 278,593 $106.7M Reduce -1.2% AON Aon PLC Class A 286,027 $102.0M Reduce -1.2% BKNG Booking Holdings Inc. 17,371 $100.6M Reduce -1.2% PNFP Pinnacle Financial Partners 872,144 $96.3M Reduce -1.2% DHI D.R. Horton Inc. 647,816 $83.5M Reduce -1.2% CIGI Colliers Intl GR-Subord Vot 637,818 $83.3M Reduce -1.2% CBZ Cbiz Inc. 1,119,362 $80.3M Add +9.5% WRB WR Berkley Corp. filed as BERKLEY W R CORP 740,194 $54.4M Reduce -1.2% NFLX Netflix Inc. 35,366 $47.4M Reduce -1.3% HURN Huron Consulting Group Inc. 233,802 $32.2M New UNH Unitedhealth Group Inc. 75,708 $23.6M New CI The Cigna Group 71,395 $23.6M Reduce -29.0% MSFT Microsoft Corp. 41,760 $20.8M Reduce -1.3% ECPG Encore Capital Group Inc. 441,063 $17.1M Reduce -45.1% TDUP Thredup Inc. Class A 643,284 $4.8M Reduce -49.3% CVNA Carvana Co. 14,091 $4.7M Reduce -34.7% FVRR Fiverr International Ltd. 96,252 $2.8M Add +142.4% RVLV Revolve Group Inc. Class A 124,857 $2.5M Add +230.9% W Wayfair Inc. Class A 44,312 $2.3M Add +24.4% FA First Advantage Corp. 132,888 $2.2M Add +96.3% DASH DoorDash Inc. Class A 8,096 $2.0M Add +7.1% MNDY Monday.com Ltd. 5,879 $1.8M Add +38.4% UBER Uber Technologies Inc. 18,639 $1.7M Reduce -12.3% SWIM Latham Group Inc. 271,885 $1.7M Add +106.4% TDY Teledyne Technologies Inc. 1,296 $664K Add +61.8% ACVA Acv Auctions Inc. Class A 39,677 $644K Add +42.2% MEDP Medpace Holdings Inc. 1,852 $581K New
Options reported separately and not counted above: CI calls ($350.2M), GOOG calls ($95.7M).
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ HUM Humana Inc. Sold out 0.00% −2.74 PGR Progressive Corp. Reduce -8.9% 13.70% −2.62 AON Aon PLC Class A Reduce -1.2% 8.62% −1.37 ECPG Encore Capital Group Inc. Reduce -45.1% 1.44% −0.94 CPAY Corpay Inc. Reduce -1.2% 10.30% −0.91 CI The Cigna Group Reduce -29.0% 1.99% −0.87 DHI D.R. Horton Inc. Reduce -1.2% 7.05% −0.15 GSHD Goosehead Insurance Inc. Class A Sold out 0.00% −0.02 WRB WR Berkley Corp. Reduce -1.2% 4.59% −0.01 GOOG Alphabet Inc. Class C Sold out 0.00% −0.00 CVNA Carvana Co. Reduce -34.7% 0.40% +0.01 UBER Uber Technologies Inc. Reduce -12.3% 0.15% +0.01 PNFP Pinnacle Financial Partners Reduce -1.2% 8.13% +0.04 TDUP Thredup Inc. Class A Reduce -49.3% 0.41% +0.14 CIGI Colliers Intl GR-Subord Vot Reduce -1.2% 7.03% +0.26 MSFT Microsoft Corp. Reduce -1.3% 1.75% +0.38 HCA HCA Healthcare Inc. Reduce -1.2% 9.01% +0.59 NFLX Netflix Inc. Reduce -1.3% 4.00% +1.11 BKNG Booking Holdings Inc. Reduce -1.2% 8.49% +1.49
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ HURN Huron Consulting Group Inc. New 2.71% +2.71 UNH Unitedhealth Group Inc. New 1.99% +1.99 FVRR Fiverr International Ltd. Add +142.4% 0.24% +0.16 RVLV Revolve Group Inc. Class A Add +230.9% 0.21% +0.14 FA First Advantage Corp. Add +96.3% 0.19% +0.10 W Wayfair Inc. Class A Add +24.4% 0.19% +0.09 CBZ Cbiz Inc. Add +9.5% 6.78% +0.08 SWIM Latham Group Inc. Add +106.4% 0.15% +0.07 MNDY Monday.com Ltd. Add +38.4% 0.16% +0.07 DASH DoorDash Inc. Class A Add +7.1% 0.17% +0.05 MEDP Medpace Holdings Inc. New 0.05% +0.05 TDY Teledyne Technologies Inc. Add +61.8% 0.06% +0.02 ACVA Acv Auctions Inc. Class A Add +42.2% 0.05% +0.02
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ CI The Cigna Group call Reduce -5.7% 1,059,500 $350.2M GOOG Alphabet Inc. Class C call Reduce -1.3% 539,400 $95.7M
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 28 $894.0M PGR, CPAY, HCA, AON, PNFP Q1 2026 27 $892.8M HCA, PGR, CPAY, AON, PNFP Q4 2025 26 $947.2M PGR, HCA, CPAY, AON, CIGI Q3 2025 30 $1.2B PGR, HCA, DHI, CPAY, AON Q2 2025 29 $1.2B PGR, CPAY, HCA, AON, BKNG Q1 2025 29 $1.2B PGR, CPAY, AON, HCA, PNFP Q4 2024 29 $1.2B PGR, CPAY, AON, PNFP, DHI Q3 2024 31 $1.2B PGR, DHI, CPAY, HCA, AON Q2 2024 29 $1.1B PGR, CIGI, CPAY, DHI, HCA Q1 2024 29 $1.2B CIGI, PGR, CPAY, DHI, AON