In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), BloombergSen Inc. reported 30 stock positions worth $1.2 billion . Its top holding was Progressive (PGR) at 12.6% of the portfolio, followed by HCA Healthcare (HCA, 10.0% ) and D.R. Horton (DHI, 9.2% ). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 11 and reduced 16. The biggest buy was Huron Consulting (HURN, shares +56% ) and the biggest sale Cbiz (CBZ, shares −1% ).
Location TORONTO, A6
CIK 0001484047
Portfolio Value $1.2B (Q3 2025) Holdings 30 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 Q2 2025 PGR Progressive Corp. 601,810 $148.6M Reduce -1.0% HCA HCA Healthcare Inc. 275,725 $117.5M Reduce -1.0% DHI D.R. Horton Inc. 641,137 $108.7M Reduce -1.0% CPAY Corpay Inc. 363,796 $104.8M Reduce -1.0% AON Aon PLC Class A 283,084 $100.9M Reduce -1.0% CIGI Colliers Intl GR-Subord Vot 631,240 $98.6M Reduce -1.0% BKNG Booking Holdings Inc. 17,192 $92.8M Reduce -1.0% PNFP Pinnacle Financial Partners 863,158 $81.0M Reduce -1.0% CBZ Cbiz Inc. 1,107,850 $58.7M Reduce -1.0% WRB WR Berkley Corp. filed as BERKLEY W R CORP 732,567 $56.1M Reduce -1.0% HURN Huron Consulting Group Inc. 365,167 $53.6M Add +56.2% NFLX Netflix Inc. 35,001 $42.0M Reduce -1.0% UNH Unitedhealth Group Inc. 74,930 $25.9M Reduce -1.0% MSFT Microsoft Corp. 41,331 $21.4M Reduce -1.0% CI The Cigna Group 70,663 $20.4M Reduce -1.0% TDUP Thredup Inc. Class A 880,904 $8.3M Add +36.9% ECPG Encore Capital Group Inc. 191,245 $8.0M Reduce -56.6% CVNA Carvana Co. 15,208 $5.7M Add +7.9% W Wayfair Inc. Class A 57,825 $5.2M Add +30.5% FA First Advantage Corp. 266,324 $4.1M Add +100.4% SWIM Latham Group Inc. 343,091 $2.6M Add +26.2% MNDY Monday.com Ltd. 13,090 $2.5M Add +122.7% UBER Uber Technologies Inc. 22,577 $2.2M Add +21.1% DASH DoorDash Inc. Class A 8,096 $2.2M No change FVRR Fiverr International Ltd. 83,709 $2.0M Reduce -13.0% MEDP Medpace Holdings Inc. 2,756 $1.4M Add +48.8% TDY Teledyne Technologies Inc. 2,045 $1.2M Add +57.8% KVYO Klaviyo Inc. Class A 28,031 $776K New ZIP Ziprecruiter Inc. Class A 183,486 $774K New ACVA Acv Auctions Inc. Class A 51,040 $506K Add +28.6%
Options reported separately and not counted above: CI calls ($302.3M), GOOG calls ($130.0M), PNFP calls ($2.8M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ CBZ Cbiz Inc. Reduce -1.0% 4.98% −1.80 CPAY Corpay Inc. Reduce -1.0% 8.89% −1.41 PNFP Pinnacle Financial Partners Reduce -1.0% 6.87% −1.26 PGR Progressive Corp. Reduce -1.0% 12.61% −1.09 ECPG Encore Capital Group Inc. Reduce -56.6% 0.68% −0.76 BKNG Booking Holdings Inc. Reduce -1.0% 7.88% −0.61 NFLX Netflix Inc. Reduce -1.0% 3.56% −0.44 CI The Cigna Group Reduce -1.0% 1.73% −0.26 RVLV Revolve Group Inc. Class A Sold out 0.00% −0.21 FVRR Fiverr International Ltd. Reduce -13.0% 0.17% −0.07 AON Aon PLC Class A Reduce -1.0% 8.57% −0.05 MSFT Microsoft Corp. Reduce -1.0% 1.82% +0.06 WRB WR Berkley Corp. Reduce -1.0% 4.76% +0.17 UNH Unitedhealth Group Inc. Reduce -1.0% 2.20% +0.20 HCA HCA Healthcare Inc. Reduce -1.0% 9.97% +0.96 CIGI Colliers Intl GR-Subord Vot Reduce -1.0% 8.37% +1.34 DHI D.R. Horton Inc. Reduce -1.0% 9.22% +2.17
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ HURN Huron Consulting Group Inc. Add +56.2% 4.55% +1.83 TDUP Thredup Inc. Class A Add +36.9% 0.71% +0.30 W Wayfair Inc. Class A Add +30.5% 0.44% +0.25 FA First Advantage Corp. Add +100.4% 0.35% +0.16 CVNA Carvana Co. Add +7.9% 0.49% +0.09 SWIM Latham Group Inc. Add +26.2% 0.22% +0.08 MEDP Medpace Holdings Inc. Add +48.8% 0.12% +0.07 KVYO Klaviyo Inc. Class A New 0.07% +0.07 ZIP Ziprecruiter Inc. Class A New 0.07% +0.07 MNDY Monday.com Ltd. Add +122.7% 0.22% +0.06 TDY Teledyne Technologies Inc. Add +57.8% 0.10% +0.05 UBER Uber Technologies Inc. Add +21.1% 0.19% +0.04 ACVA Acv Auctions Inc. Class A Add +28.6% 0.04% −0.01
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ CI The Cigna Group call Reduce -1.0% 1,048,600 $302.3M GOOG Alphabet Inc. Class C call Reduce -1.0% 533,800 $130.0M PNFP Pinnacle Financial Partners call New 30,100 $2.8M
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